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Business
Oil Prices Dip After Six-Day Rally Amid US Market Measures
QNA/APPSingapore: Oil prices fell on Friday for the first time in six sessions as markets considered potential US government intervention to curb rising prices and efforts to ease global supply pressures.Brent crude dropped $1.14,…
Yanbu Port Seen as Lifeline for Pakistan’s Energy Needs
News Desk Islamabad: Pakistan is seeking alternative channels to secure its energy supplies amid regional tensions affecting the Strait of Hormuz, with Saudi Arabia pledging support to ensure continuity.Federal Minister for…
PSX Plunges Over 16,000 Points Amid Massive Sell-Off
APPIslamabad: The Pakistan Stock Exchange (PSX) suffered a sharp downturn on Monday, with the benchmark KSE-100 Index dropping 16,089.17 points (9.57%) to close at 151,973.00, compared to 168,062.17 in the previous session, according to…
US Dollar Set for Strongest Weekly Gain in Four Months
QNA/APPSingapore: The US dollar is on track for its biggest weekly gain since October, buoyed by expectations that the Federal Reserve will maintain a tighter monetary policy stance.The dollar maintained its gains in early Asian…
Gold Eases After Breaching $5,000; Qatar Prices Slip 1.2%
WAM/QNA/APPNew York/Doha: Gold prices retreated on Wednesday after briefly crossing the key $5,000 mark, as investors awaited fresh signals on US interest rates.Spot gold surged 2.6 percent to touch $5,003.85 per ounce by 16:36 GMT…
RCCI Pushes Policy Reforms to Attract US Capital
News DeskRawalpindi: The Rawalpindi Chamber of Commerce and Industry (RCCI) has called for comprehensive structural reforms to unlock large-scale foreign investment, following what it described as strong investor interest during a…
Gold prices surge by Rs14,800 per tola
APPIslamabad: Gold prices registered a sharp increase in the local market on Thursday, with the price of 24-karat gold rising by Rs14,800 per tola to Rs529,162, according to the All Pakistan Sarafa Gems and Jewellers Association.…
Oil Tumbles on Iran Hopes
AFP/APPHong Kong: Oil prices fell sharply on Monday as easing tensions between the United States and Iran reduced risk premiums, while precious metals faced renewed pressure from a strengthening dollar following last week’s steep…
Gold Price Plummets by Rs21,500 per Tola
APPIslamabad: The price of 24-karat gold per tola fell sharply by Rs21,500 on Monday, trading at Rs490,362 in the local market, the All Pakistan Sarafa Gems and Jewellers Association reported.The rate of 10 grams of 24-karat gold…
Gold Price Tumble as Investors Soothed by Trump Fed Pick
AFP/APPNew York: Gold and silver prices dived on Friday, while European stock markets ended the week higher and Wall Street pulled back, as investors were reassured by US President Donald Trump’s pick to take over as head of the Federal…