The International Monetary Fund (IMF) is assessing potential financial risks across countries as uncertainty surrounding the ongoing Iran conflict continues, according to a report published on Wednesday. The institution is reportedly running various scenarios to identify economies that may require fresh financial support if the conflict prolongs. Read More: IMF, Pakistan fail to reach staff-level […]
global economy
Gold prices surge in Pakistan amid global market rally
KARACHI — Gold prices in Pakistan recorded a sharp increase on Wednesday, in line with rising trends in the international bullion market, according to the All Pakistan Sarafa Gems and Jewellers Association. Read More: Gold loses over Rs40,000 per tola in Pakistan The price of 24-karat gold per tola jumped by Rs15,200, reaching Rs479,262 compared to […]
Energy crisis fears grow as Middle East war escalates
Global concerns over an escalating energy crisis intensified as the ongoing conflict involving Israel and Iran entered its fourth week, with warnings that the situation could surpass the combined impact of the 1970s oil shocks. Read More: Pakistan cancels March 23 parade amid energy crisis The head of the International Energy Agency, Fatih Birol, cautioned that […]
Aston Martin to cut workforce amid financial pressure
Aston Martin announced on Wednesday that it plans to reduce its global workforce by up to 20 percent as part of efforts to strengthen its financial position and address declining demand in key markets. Read More: Nissan to cut 12,500 jobs as crisis deepens after profit wipe out The British luxury automaker said the layoffs, […]
Gold surge reflects deepening global and domestic uncertainty
The sharp rise in gold prices over the past two years has evolved from a market trend into a broader signal of mounting global and domestic uncertainty, reshaping investor behaviour across the world and in Pakistan. Read More: Gold and silver prices surge in Pakistan amid global market rally International bullion prices crossed the landmark level of […]
Gold and silver prices surge in Pakistan amid global market rally
KARACHI — Gold and silver prices in Pakistan rose sharply on Saturday, February 7, 2026, following a strong upward trend in the international bullion market, the All Pakistan Sarafa Gems and Jewellers Association (APSGJA) reported. Read More: Gold prices fall by Rs 21,400 per tola The price of 24-karat gold per tola jumped by Rs11,700 to […]
Dollar rises as Trump signals Fed pick, shutdown fears ease
TOKYO: The U.S. dollar rose on Friday, trimming its weekly losses, after President Donald Trump said he would soon announce his nominee to lead the Federal Reserve and as optimism grew that Washington would avoid a government shutdown. Read More: Dollar weakens amid ‘sell America’ trade, Yen slumps too Trump said he planned to name his […]
‘Jobs, jobs, jobs’: AI optimism dominates Davos debate
DAVOS: Concerns over artificial intelligence (AI) failing to dampen enthusiasm, business leaders at the World Economic Forum in Davos projected confidence that AI will create jobs rather than eliminate them, coining a mantra that echoed across the Swiss resort: “jobs, jobs, jobs”. Read More: Elon Musk predicts AI smarter than humans Top executives acknowledged that some roles […]
Europe and India push for historic ‘mother of all deals’
NEW DELHI: India and the European Union are on the brink of finalising what officials are calling the “mother of all deals”, a landmark trade and strategic partnership aimed at strengthening economic and geopolitical ties. The announcement is expected during the EU-India summit next week in New Delhi, where European Commission President Ursula von der […]
PM Shehbaz to lead Pakistan delegation at WEF summit
ISLAMABAD: Prime Minister (PM) Shehbaz Sharif will lead a high-level delegation to the annual World Economic Forum (WEF) summit in Davos-Klosters, Switzerland, from January 20-22, the Foreign Office (FO) said on Tuesday. He will be accompanied by Deputy Prime Minister and Foreign Minister Ishaq Dar, along with other senior officials. Read More: PM to attend World Economic […]