NEW DELHI – Gold smuggling into India has increased in recent weeks as the country prepares for Dhanteras and Diwali, according to government and industry sources. After import duties on gold were reduced to 6% from 15% last year, smuggling had fallen, but the recent spike in global prices and limited supply has renewed illicit […]
Investment
UAE’s IHC to Acquire 85% Stake in Pakistan’s First Women Bank
ISLAMABAD – The United Arab Emirates (UAE) International Holding Company (IHC) has successfully finalised a deal to acquire 85% shares of First Women Bank Limited (FWBL) in Pakistan, sources told ARY News on Friday. FWBL, incorporated in 1989, is 82.64% owned by the Government of Pakistan. The acquisition was made for $14.6 million (around Rs […]
Gold Prices Hit Record High in Pakistan Amid Global Rally
KARACHI – Gold prices in Pakistan hit all-time highs on Friday, October 17, 2025, following a strong rally in international markets. The price of per tola 24 karat gold rose by Rs 14,100 to Rs 456,900, up from Rs 442,800 the previous day. 10 grams of 24 karat gold increased by Rs 12,089, reaching Rs […]
Pakistan, Saudi Arabia Sign MoUs to Boost Cooperation
KARACHI: Pakistan and Saudi Arabia have signed two memorandums of understanding (MoUs) to strengthen cooperation in information technology and sports, marking a new phase in their growing partnership focused on youth development and innovation. The signing ceremony took place at Governor House Karachi in the presence of Prince Mansour bin Mohammad bin Saad Al Saud […]
Pakistan, Bangladesh explore new avenues for trade, investment
Coordinator to the Prime Minister on Commerce Ihsaan Afzal Khan on Saturday concluded a visit to Bangladesh, holding a series of high-level engagements with chambers, businesses and financial institutions to deepen bilateral trade and investment cooperation. During a networking session jointly organized by the Dhaka Chamber of Commerce and Industry (DCCI) and the Rawalpindi Chamber […]
PSX Hits Record High, Crosses 161,600 Points
KARACHI – The Pakistan Stock Exchange (PSX) hit a new all-time high on Friday, with the KSE-100 Index soaring to 161,688 points in intraday trade, gaining 2,401 points (1.51%) from the previous close. Analysts said the rally was driven by strong liquidity inflows, an improved geopolitical outlook, and signs of economic stability. Optimism about the […]
Zardari Pushes Pakistan China Cooperation on Key Visit
President Asif Ali Zardari began a 10-day visit to China to strengthen economic and trade ties. His office confirmed that the trip will include meetings with Chinese leaders in Chengdu, Shanghai, and the Xinjiang Uygur Autonomous Region. The visit focuses on enhancing Pakistan China cooperation through investment, trade, and regional connectivity. The president’s visit comes […]
President Zardari calls to boost Pakistan-Russia partnership in trade and technology
President Asif Ali Zardari praised the growing ties between Pakistan and Russia during a ceremony marking Russia’s 35th National Day. He called on both countries to fully use their potential to expand cooperation in trade, investment, technology, and people-to-people exchanges. The event saw participation from top officials and diplomats. Zardari said Pakistan views Russia as […]
World bank invests $300 million in Reko Diq mining project
The International Finance Corporation (IFC), the World Bank’s investment arm, has committed $300 million to Pakistan’s Reko Diq mining project. This significant funding aims to support the development of one of the largest untapped copper and gold reserves in the world. The project was restructured in 2022 and involves a partnership between the Pakistan government, […]
Sapphire textile mills boosts global reach with investment in UK’s RTS textiles
Sapphire Textile Mills Limited, a leading textile manufacturer in Pakistan, is expanding internationally by investing in RTS Textiles Group Limited, a UK-based company. RTS specializes in the production of workwear fabrics and operates globally. Sapphire Textile revealed this development in a notice to the Pakistan Stock Exchange (PSX) on Tuesday. The investment involves acquiring a […]