Category: Business

Red Sea

Pakistan Secures Oil via Red Sea Amid Gulf Conflict

Pakistan ensures energy stability through Red Sea oil imports and weekly price checks WEB DESK: In a strategic move to protect its energy supply amid escalating Gulf tensions, Pakistan will import oil through the Red Sea, bypassing the Strait of Hormuz. The decision comes as conflicts involving Iran, the United States, and Israel threaten global […]
Gold

Gold Surges to Four-Week High on Middle East Conflict

Investors flock to safe-haven assets as US-Israel-Iran conflict escalates Gold prices surged to their highest in over four weeks on Tuesday, marking a fifth consecutive session of gains, as investors sought refuge in safe-haven assets amid escalating Middle East tensions. Spot gold rose 1% to $5,377.21 per ounce in early Asian trading, extending Monday’s gains […]
Rice

Pakistan Faces $2 Billion Rice Stockpile Amid Export Slowdown

Policymakers express concern as Pakistani rice loses competitiveness against India in international markets ISLAMABAD: Pakistan’s rice sector is under pressure as exports declined sharply during the first half of the current fiscal year, coinciding with a nearly 50 percent drop in global rice prices, officials told the National Assembly Standing Committee on Commerce. During a […]
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