Indians Hold On to Gold as Prices Soar, Scrap Supply Falls Ahead of Festive Season New Delhi — Unlike in March, when spot gold first topped $3,000 an ounce and many retail investors rushed to sell, this time Indians are holding onto their gold, betting that prices will climb even higher. “Indians now believe gold […]
Pakistan Faces IMF Review with Key Reforms Still Pending ISLAMABAD – Pakistan’s upcoming economic review with the International Monetary Fund (IMF) will be crucial, as the successful completion of the process could unlock a $1 billion tranche from the $7 billion Extended Fund Facility (EFF). The country has already secured more than $2 billion in […]
GSK to Invest $1.2 Billion in U.S. Research and Manufacturing During Trump Visit LONDON – Pharmaceutical giant GlaxoSmithKline (GSK) has announced major new investments in the United States during the first day of President Donald Trump’s state visit to Britain. The company said the funds will strengthen its research, development, and production capabilities across […]
FBR Chief Clarifies Faceless Customs System, Highlights Revenue Gains ISLAMABAD – The Federal Board of Revenue (FBR) chairman has clarified recent reports suggesting irregularities in customs operations, saying they stemmed from a misinterpretation of an initial audit observation. FBR Chief [name] Langrial emphasized that the Faceless Customs System was introduced to boost transparency and prevent […]
Dollar Nears Two-Month Low as Trump Presses Fed for Bigger Rate Cut The U.S. dollar slipped close to a two-month low against the British pound on Tuesday, as investors braced for another Federal Reserve rate cut and U.S. President Donald Trump renewed pressure for more aggressive monetary easing. Markets widely expect the Fed to trim […]
Pakistan Launches Interest-Free Loan Scheme for Electric Vehicles ISLAMABAD – The government has rolled out a new initiative to help students, daily wage earners, delivery riders, and small business owners purchase electric bikes, rickshaws, and loaders through interest-free loans and subsidies. Under the scheme, applicants will be able to buy vehicles with easy monthly installments […]
Gold Prices Dip Slightly in Pakistan Amid Global Market Slippage KARACHI — Gold prices in Pakistan saw a modest decline on Friday, with 24-karat gold losing Rs200 per tola to close at Rs386,300, down from Rs386,500. Similarly, the price for 10 grams of 24-karat gold fell by Rs172, settling at Rs331,189 compared to the previous […]
Petrol Prices Likely to Rise from September 16 Islamabad – Fuel prices in Pakistan are expected to go up once again, with petrol likely to see an increase of Rs1.54 per litre from September 16, 2025. According to official sources, High-Speed Diesel (HSD) is projected to rise by Rs4.79 per litre, while kerosene oil may […]
Sindh Launches Solar Scheme for Farmers and Households Hyderabad – Sindh’s Minister for Agriculture, Anti-Corruption, and Sports, Sardar Muhammad Bux Khan Mahar, has announced a new solar energy initiative for small and medium-scale farmers. Under the scheme, farmers owning between 5 and 25 acres of land are eligible to apply. A total of 295 solar […]
Motorcycle and Car Sales Surge in Pakistan as Demand Rebounds ISLAMABAD — Pakistan’s automobile sector is showing strong signs of recovery, with motorcycle and rickshaw sales surging 44% in the first two months of the current fiscal year (July–August FY26). According to data compiled by Topline Securities, total sales reached 273,000 units, marking a sharp […]
