Oil prices climbed to their highest level in more than six weeks on Thursday as escalating Middle East tensions heightened concerns over global energy supplies. Rising risks to key shipping routes supported gains in both Brent crude and US West Texas Intermediate futures. Brent crude futures rose $2.20, or 2.3%, to $96.27 a barrel after […]
Business
PSX remains steady as KSE-100 gains
The Pakistan Stock Exchange remained in positive territory on Thursday, with the KSE-100 Index gaining more than 100 points. The benchmark index traded at 174,533.28 by mid-day, reflecting cautious investor sentiment. The KSE-100 Index rose 103.36 points, or 0.06%, from the previous close of 174,429.92. It opened higher and reached an intra-day high of 175,237.59 […]
MG HS Hybrid+ and Super Hybrid Line-Off Highlights MG’s Local Production Journey
The CKD line-off ceremony of the MG HS Hybrid+ and Super Hybrid marks a significant milestone in MG Pakistan’s local production journey. As the brand continues to expand its footprint in the country, this development reflects a clear focus on local assembly, customer commitment, and long-term confidence in Pakistan’s automotive industry. The introduction of the […]
iPhone Air 2 tipped for major camera and battery upgrades
Apple’s rumoured iPhone Air 2 could bring significant upgrades to its ultra-slim smartphone lineup, with new leaks suggesting improvements to the camera system, battery life and cooling technology. Read More: iPhone 17 air: Apple’s slimmest iPhone set to launch in 2025 According to recent media reports, Apple is working to address some of the biggest criticisms […]
Alphabet posted record $112.1 billion quarterly profit as AI-driven growth boosted Google Cloud
Alphabet, the parent company of Google, has reported the highest quarterly profit in its history, driven by soaring demand for artificial intelligence services and strong growth across its core businesses. Read More: Google-parent Alphabet profit soars to over $18 billion The technology giant announced its second-quarter financial results on Wednesday, revealing a record net profit of $112.1 […]
Aurangzeb reviews IMF reforms during Washington meetings
Finance Minister Muhammad Aurangzeb held a series of high-level meetings with senior officials of the International Monetary Fund (IMF) in Washington, where he reviewed Pakistan’s macroeconomic performance and progress under the country’s ongoing reform programme. Read More: Finance minister to hold trade talks in Washington Finance Ministry, Aurangzeb met IMF First Deputy Managing Director Dan […]
Pakistan courts Samsung for smartphone exports as tech giant seeks tariff support
Pakistan has invited global tech giant Samsung to use the country as a regional manufacturing and export hub for mobile phones, with Commerce Minister Jam Kamal Khan urging the South Korean conglomerate to ship locally produced smartphones to Africa and other emerging markets. The minister extended the invitation during a meeting with a delegation led […]
Pakistan losing $2-3bn as cotton production falls over 50%: report
Pakistan’s cotton output has fallen by more than half from its peak, a decline that is now costing the economy an estimated $2-3 billion a year in additional imports and lost export earnings, the Overseas Investors Chamber of Commerce and Industry (OICCI) said in a report titled ‘Seeds of Growth’ released on Wednesday. The report […]
Gold prices surge by Rs 4,600 per tola
The prices of gold witnessed a significant increase in the local market on Wednesday, with 24-karat gold per tola gaining Rs4,600 to settle at Rs433,836, according to rates issued by the All Pakistan Sarafa Gems and Jewellers Association. Similarly, the price of 10 grams of 24-karat gold increased by Rs3,944 to Rs371,944, whereas 10 grams […]
Rupee marginally up against dollar
The Rupee on Wednesday appreciated by 01 paisa against the US Dollar in interbank trading and closed at Rs 277.91, compared to the previous day’s closing of Rs 277.92. According to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market were recorded at Rs 278.90 and […]