Gold prices edged lower on Monday as the dollar crept higher, while increased U.S. interest rate cut expectations following a dovish pivot from Federal Reserve Chair Jerome Powell lent support to bullion.
Spot gold was down 0.2% at $3,364.25 per ounce, as of 0109 GMT, after hitting its highest since August...
Pakistan’s pharmaceutical sector foresees a window of opportunity to enhance its exports manifolds to the United State of America (USA) after announcement of new tariff policy for various countries which provides a competitive edge to Pakistan against neighbouring economies.
Pakistan has been imposed a tariff of 19 percent for exporting...
The Pakistani rupee maintained its upward momentum against the US dollar, appreciating 0.13% during the opening hours of trading in the inter-bank market on Friday.
At 10am, the currency was hovering at 281.85, a gain of Re0.37.
On Wednesday, the rupee had closed at 282.22.
The inter-bank was closed on Thursday on...
Pakistan and Iran have agreed on the text of proposed Free Trade Agreement (FTA) aimed at enhancing bilateral trade and now list of items are being exchanged on which tariff will be reduced to zero or lowered.
This was disclosed by Ministry of Commerce while giving a detailed briefing on...
With the recent US tariff reduction opening fresh opportunities for Pakistani auto exports, Minister of Commerce Jam Kamal Khan on Wednesday unveiled plans to strengthen the sector, forming a high-level committee to resolve industry challenges.
The development came during an auto industry meeting with the commerce minister on Wednesday, read...
Pakistan’s exporters are poised to gain a significant competitive edge in the US market after the government successfully negotiated a reduction in reciprocal tariffs —from 29 percent to 19 percent. This marks the lowest tariff rate in the region and presents a major opportunity to boost Pakistan’s exports to...
The Pakistani rupee maintained its upward momentum against the US dollar, appreciating 0.16% during the opening hours of trading in the inter-bank market on Wednesday.
At 10am, the currency was hovering at 281.97, a gain of Re0.45.
On Tuesday, rupee closed at 282.42.
Internationally, the US dollar weakened on Wednesday after a tame reading...
The ongoing bullish momentum at the Pakistan Stock Exchange (PSX) was not stopping, with the benchmark KSE-100 gaining over 600 points during the opening minutes of trading on Wednesday.
At 9:40am, the benchmark index was hovering at 147,630.54, an increase of 625.22 points or 0.43%.
Buying interest was observed in key...
Pakistan Refinery Limited will import its first cargo of Nigerian Bonny Light crude from Vitol in September, two sources familiar with the matter said, as Asian refiners shift towards cheaper alternatives to Middle Eastern oil.
The 500,000-barrel, light-sweet crude cargo is expected to load later this month and arrive in...
The National Assembly passed, “The Pakistan Land Port Authority Bill 2025,” on Thursday, with several amendments to facilitate the movement of goods, passengers and promoting trade at land ports in Pakistan.
Minister of State for Interior Talal Chaudhry tabled the bill in the House for passage.
The House passed the bill...
