KARACHI: Amid cooling real estate markets, a volatile stock exchange, and a weakening rupee, Pakistanis are flocking to an unexpected safe haven: gold. In Karachi’s Sarafa Bazaar, traders, speculators, and ordinary investors are buying bullion at record levels, driven by economic uncertainty and global price surges. Spot gold prices recently crossed $4,300 per ounce internationally, […]
Investment
Reko Diq to drive growth, boost Pak-Canada ties: PM Shehbaz
Prime Minister Shehbaz Sharif said the Reko Diq mining project will become a symbol of development and stronger Pakistan–Canada cooperation. He praised Barrick Gold’s role in the venture, calling it a potential success story for both nations. The Prime Minister made these remarks during a meeting with Canada’s new High Commissioner, Ambassador Tarik Ali Khan, […]
Thailand greenlights $3.1 billion in new data centre projects
BANGKOK – Thailand has approved four major data centre projects worth $3.1 billion, alongside new measures to accelerate previously approved investments, the Board of Investment (BOI) announced on Monday. The projects include an 84-megawatt data centre from Dubai’s DAMAC Digital valued at 26.7 billion baht, and a 200-megawatt hyperscale data centre from a local investor […]
Government revises profit rates on National Savings Schemes
The federal government has announced revised profit rates for National Savings Schemes (NSS) effective from November 4, according to a notification issued by the Ministry of Finance. The updated rates include both upward and downward adjustments across several saving instruments, reflecting recent shifts in the financial market. Under the revised structure, Defence Saving Certificates (DSCs) […]
Ripple raises $500 million at $40 billion valuation
SAN FRANCISCO – Crypto firm Ripple has raised $500 million in a new funding round led by Fortress Investment Group and Citadel Securities, valuing the company at $40 billion, the firm announced on Wednesday. The strategic investment follows Ripple’s $1 billion tender offer earlier this year at the same valuation. The company said the fresh […]
Finance Minister Aurangzeb says Pakistan’s economy in a ‘good spot’
KARACHI – Finance Minister Muhammad Aurangzeb said on Tuesday that Pakistan’s economy was in a “good spot”, crediting the country’s recent stability to improved macroeconomic indicators and “geopolitical tailwinds”. Speaking virtually at the Pakistan International Maritime Expo and Conference 2025 (PIMEC-25) in Karachi, Aurangzeb said the combination of economic recovery and strong international partnerships had […]
Pakistan envoy urges stronger trade ties with US
VIRGINIA – Pakistan’s Ambassador to the United States, Rizwan Saeed Sheikh, has called for enhancing economic cooperation between Islamabad and Washington to strengthen bilateral relations. Speaking at the opening ceremony of the Pakistan-US Business Conference and Expo in Virginia, Ambassador Sheikh stressed the importance of aligning Pakistan’s business strategies with the US market. He said […]
US-Pakistan collaboration set to transform minerals sector
Pakistan has invited the US Critical Minerals Forum to present a structured framework for collaboration in its minerals and mining sector. This marks a major policy-level opening for US investment, technology transfer, and sustainable development. The development followed a high-level meeting between Finance Minister Muhamm ad Aurangzeb and Robert Louis Strayer II, President of the […]
Pakistan, Canada reaffirm commitment to boost trade and investment
Pakistan and Canada have reaffirmed their commitment to strengthening economic ties and maintaining close bilateral communication. The announcement came after a phone call between Pakistan’s Deputy Prime Minister and Foreign Minister Ishaq Dar and Canadian Foreign Minister Anita Anand, according to the Foreign Office. During the call, both leaders discussed ways to expand trade and […]
UAE to build three date processing plants in Pakistan to boost exports
Pakistan and the United Arab Emirates have agreed to expand cooperation in the date sector. The partnership will focus on joint investment, technology transfer, and modern processing facilities. Officials said the move aims to increase value-added exports, improve farmer incomes, and strengthen Pakistan’s agricultural trade. The agreement followed a virtual meeting between Federal Minister Rana […]