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Gold builds on historic rally, soars past $4,000 per ounce for first time

Gold builds on historic rally, soars past $4,000 per ounce for first time

Analysts expect strong inflows into exchange-traded funds backed by physical gold, and central bank buying Gold pushed through $4,000 an ounce to hit a record on Wednesday. Driven by investors seeking safety from mounting economic

Business
Airbus A320 flies past Boeing 737 as most-delivered jet in history

Airbus A320 flies past Boeing 737 as most-delivered jet in history

Boeing's decades-old record fell with the handover of A320neo to Saudi carrier Flynas, bringing total deliveries to 12,260 Milestone follows fierce competition in the busiest part of the market. Airbus launched the narrow-body jet in

Business
US president mentions ‘massive’ Pakistan oil deal but no finds confirmed

US president mentions ‘massive’ Pakistan oil deal but no finds confirmed

Over 30 international companies have come to Pakistan with the hope of finding oil. But have left due to the high cost and low reward Pakistan imports more than 80% of its oil, a drain on

Business
Hike in Power Bills on the Cards as CPPA Proposes Fuel Cost Increase

Hike in Power Bills on the Cards as CPPA Proposes Fuel Cost Increase

Hike aims to address the difference in production cost and fuel charges. Consumers might face an additional burden of Rs3bn. CPPA seeks a hike of Rs 0.1911 per unit in power bills under FCA. Consumers

Business
Govt hikes diesel price by Rs2.78 per litre for next fortnight

Govt hikes diesel price by Rs2.78 per litre for next fortnight

Petrol price kept unchanged at Rs264.61 per litre, says Finance Division Finance Division announces new prices. Petrol price remains unchanged. The government has set the diesel price at Rs272.7 per litre. The federal government announced

Business
SBP keeps policy rate unchanged at 11%

SBP keeps policy rate unchanged at 11%

Decision made during the Monetary Policy Committee meeting of the central bank The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) on Monday announced keeping the policy rate unchanged at 11%. This

Business
Petrol, diesel likely to rise from September 16

Petrol, diesel likely to rise from September 16

Possible hike in fuel prices driven by surging global oil markets and geopolitical tensions Petrol price may increase by Rs1.54 per litre. HSD is set to rise by Rs4.79 per litre. Kerosene may witness price