Gold Prices Hover Near Record High Ahead of U.S. Jobs Data SINGAPORE — Gold prices inched higher on Friday, holding close to record levels as investors awaited key U.S. employment data for clues on the Federal Reserve’s next move. Spot gold rose 0.3% to $3,556.21 per ounce by 0332 GMT, just below Wednesday’s all-time high […]
PFMA Warns of Further Wheat and Flour Price Hikes Without Immediate Imports KARACHI – The chairman of the Pakistan Flour Mills Association (PFMA), Junaid Aziz, has warned that wheat and flour prices in Pakistan could rise even further if the government does not act promptly on wheat imports. Aziz pointed out that while wheat is […]
According to MEPCO, electricity supply has been temporarily suspended in flood-hit areas to ensure the safety of residents. The number of affected consumers in the region has reached 96,537, while branches of 139 feeders were shut down under safety SOPs due to floodwaters. Despite the disruption in inundated zones, MEPCO confirmed that an uninterrupted power […]
U.S. Job Market Shows Signs of Cooling Amid Slower Hiring and Fewer Openings Despite a slowdown in hiring, layoffs in the U.S. remained relatively low, according to a Labor Department report released Wednesday. The report also showed that fewer workers are switching jobs. There were 0.99 job openings for every unemployed person in July, down […]
Pakistan to Submit Detailed Response to IMF, Highlights Anti-Corruption Measures ISLAMABAD – Pakistan will submit a comprehensive response to the International Monetary Fund (IMF) report, officials said, emphasizing the reforms and measures taken to curb corruption and improve governance in the public sector. The government maintained that governance indicators in Pakistan have shown significant improvement. […]
Gold Hits Record $3,501 as Markets React to US Dollar and AI Surge in China Gold prices soared to a new all-time high of $3,501.59 per ounce during early trading in Asia on Tuesday, surpassing the previous record of $3,500.10 set in April. The surge comes as investors digest a weaker US dollar and the […]
Audi Sets Ambitious Sales Target as It Looks to Rebound Audi is aiming high. The German luxury carmaker is quietly eyeing an annual sales record, signaling a more aggressive strategy after several challenging years that saw its sales slip. The brand has been a source of concern for parent company Volkswagen, grappling with delayed model […]
Nestlé CEO Laurent Freixe Resigns After Code of Conduct Breach ZURICH – Nestlé has announced the abrupt resignation of Chief Executive Officer Laurent Freixe following an internal investigation into a workplace relationship that violated company policy. Freixe, who took over as CEO just a year ago after the exit of Mark Schneider, stepped down after […]
GBP Holds Strong Against PKR as Remittances Boost Local Economy Karachi, August 30, 2025: The British Pound (GBP) continued to demonstrate robust value against the Pakistani Rupee (PKR) today. As of 03:15 PST, the buying rate stood at PKR 379.85, while the selling rate was PKR 381.70. This exchange rate is closely watched by businesses, […]
Omani Rial Stays Strong Against Pakistani Rupee Amid Expat Remittance Flow Karachi, August 30, 2025: The Omani Rial (OMR) continues to maintain a robust value against the Pakistani Rupee (PKR), with the latest rates showing a buying price of PKR 733.45 and a selling rate of PKR 736.4 as of 01:15 PST today. At the […]
