Artemis Faces Investor Scrutiny Over High Debt Amid Puma Stake Moves Paris – Artemis, the holding company of the Pinault family that controls luxury giant Kering, has drawn fresh attention from investors over the high levels of debt it has taken on while expanding into luxury, arts, and entertainment ventures. A spokesperson for Artemis, the […]
Key Currency Rates in Pakistan Remain Mostly Stable on August 25, 2025 KARACHI – Pakistan’s foreign exchange market showed minimal fluctuations today, with most major currencies holding steady against the Pakistani Rupee (PKR), according to the latest data from the State Bank of Pakistan (SBP) and market sources. Metrics, collated from brokerage companies and the […]
Pakistan to Launch High-Speed Bullet Trains on Karachi–Peshawar Corridor ISLAMABAD — Pakistan is set to modernize its railway network with the introduction of high-speed bullet trains along the Karachi–Peshawar corridor, part of the $6.7 billion Main Line 1 (ML-1) upgrade under the China-Pakistan Economic Corridor (CPEC), state-run Radio Pakistan reported. Railways Minister Hanif Abbasi said […]
World Bank Grant to Boost Education Access in Punjab LAHORE — The World Bank has approved a major education initiative in Punjab aimed at expanding access to schools, improving learning outcomes, and strengthening the system’s ability to respond to future challenges. Funded through the Global Partnership for Education Fund, the “Getting Results: Access and Delivery […]
Pakistan Consumes 80% of the Discovered Oil Reserves, pushing for New Exploration ISLAMABAD – Pakistan has already used up nearly 80 percent of its discovered oil reserves, raising concerns about long-term energy security, according to a new report by the Auditor General of Pakistan. So far, the country has recorded 1,234 million barrels of oil […]
Canada Keeps Tariffs on U.S. Goods, Signals Softer Trade Stance OTTAWA – Canada will maintain tariffs on U.S. autos, steel, and aluminum for now, Prime Minister Mark Carney announced Friday, while confirming that duties on other American goods covered under the USMCA trade pact will be lifted. Speaking at a press conference in Ottawa, Carney […]
Gold Prices Fall in Pakistan Amid Global Market Dips KARACHI — Gold prices in Pakistan experienced a noticeable decline on Thursday, with 24-karat gold dropping by Rs1,500 to Rs355,700 per tola, compared to Rs357,200 recorded in the previous session. The price of 10 grams of 24-karat gold also fell by Rs1,286, settling at Rs304,955 from […]
SPI Inflation Sees Fifth Straight Weekly Rise, Mixed Trends Across Income Groups Pakistan’s Sensitive Price Indicator (SPI)-based inflation continued its upward streak for the fifth consecutive week, though week-on-week changes showed a marginal dip. The overall SPI for combined consumption groups inched down by 0.01 percent, settling at 329.11 points from 329.15 points in the […]
Sindh Launches Online Registration for Women Industrial Workers’ Driving License Program KARACHI — Sindh Labour Minister Shahid Thaheem announced that the registration process for women industrial workers to obtain driving licenses has officially begun. Eligible women can apply online through the official Workers Welfare Board website: www.wwbsindh.gov.pk . The selection process will be conducted digitally […]
IMF Pushes Pakistan to Revise NFC Award Formula ISLAMABAD — The International Monetary Fund (IMF) has asked Pakistan to review its National Finance Commission (NFC) Award in a bid to strengthen fiscal discipline, according to official sources. The proposed changes could reduce the provinces’ current share of 57.5 percent from the divisible pool. If the […]
