U.S. Jobs Data Falls Short, But Markets Remain Resilient Amid Fed Rate Speculation Recent employment data shows the U.S. economy created far fewer jobs over the past year than expected, fueling speculation that the Federal Reserve may cut interest rates next week. Despite this, stock markets remain near record highs, and the dollar has held […]
Shanghai Electric Cancels K-Electric Acquisition Deal Karachi – Shanghai Electric has officially withdrawn from its long-standing plan to acquire a majority stake in K-Electric, Pakistan’s sole power provider in Karachi. The deal, which had been stalled for several years due to regulatory and legal hurdles, involved Shanghai Electric purchasing 66.4% of K-Electric from KES Power […]
Rs40,000 Prize Bond Draw Sees Winners Take Home Millions Islamabad: The latest Rs40,000 prize bond draw has brought joy to hundreds of Pakistanis, with one lucky investor walking away with a grand prize of Rs80 million. Conducted every three months, these draws continue to be a popular investment avenue, offering both security and the excitement […]
Ferrari Unveils 1,050-HP Plug-In Hybrid Supercar in Milan MILAN – Ferrari has taken the wraps off its latest flagship supercar, a plug-in hybrid with four-wheel drive, set to succeed the SF90 Stradale introduced in 2019. The new model, also available as a retractable-top spider, was revealed in Milan on Monday. At its heart is a […]
Pakistan to Enforce New Auto Safety and Import Rules from October ISLAMABAD – The federal government has announced sweeping reforms for Pakistan’s automobile sector, set to take effect from October 2025, in a move aimed at raising safety standards and tightening import controls. According to official documents, locally manufactured vehicles will now be required to […]
Pakistan Railways Launches Milestone Initiative, Eyes Modernization and Trade Boost ISLAMABAD — Federal Minister for Railways Muhammad Hanif Abbasi has described the latest initiative to modernize Pakistan Railways as a “milestone” for the organization. Speaking at the signing ceremony, Abbasi said the new project, the Dedicated Freight Corridor (DFC), will not only upgrade freight operations […]
U.S. and Global Firms Eye Pakistan’s Mineral Wealth in High-Level Investment Talks Islamabad: A high-level U.S. delegation, including representatives from USSM and global infrastructure leader Mota-Engil, met Prime Minister Muhammad Shehbaz Sharif in Islamabad to discuss potential investments in Pakistan’s rich mineral sector. The meeting was also attended by Deputy Prime Minister Ishaq Dar, Chief […]
Gold Prices in Pakistan Hit New Highs on September 6, 2025 As of Saturday, September 6, 2025, gold prices in Pakistan have surged, reflecting a global increase in bullion markets. Gold Rates in Pakistan (September 6, 2025) Purity Price per Tola (11.6638 grams) Price per Gram: 24K PKR 377,900 PKR 32,398.80 22K PKR 346,497 PKR […]
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 […]
