Category: Business

PSX Plunges Over 3,700 Points Amid Security Concerns

Karachi: The Pakistan Stock Exchange (PSX) witnessed its sharpest single day decline in weeks on Friday as heavy selling pressure pushed the benchmark KSE 100 Index down by more than 3,700 points amid rising security concerns. The KSE 100 Index dropped 3,703 points or 1.97 percent, to close at 184,130. Market sentiment weakened primarily due […]

India and US Set to Sign Major Trade Agreement in March

India and the United States are expected to sign a long awaited formal trade agreement in March a development that could significantly reshape economic relations between the two countries Trade Minister Piyush Goyal said on Thursday. Under the agreement New Delhi will reduce tariffs on American goods while Washington will cut duties on Indian exports […]

Pakistan’s Habib Rafiq Engineering Signs Strategic Partnership With Uzbekistan

Pakistan’s leading conglomerate Habib Rafiq Engineering (Pvt.) Ltd has signed a Strategic Partnership Agreement with the Ministry of Investment Industry and Trade of the Republic of Uzbekistan marking a significant step toward strengthening bilateral economic cooperation between the two countries. The agreement was signed on the sidelines of the Pakistan Uzbekistan B2B Forum which began […]

PIA Joins Hands with Air France KLM to Expand Global Cargo Network

Islamabad: Pakistan International Airlines (PIA) has signed a strategic cargo partnership with Air France KLM significantly expanding its global freight network as the national carrier undergoes major institutional reforms. The agreement effective January 15 allows PIA Cargo to access the Air France KLM worldwide network enabling exporters to ship consignments across Europe and the United […]

Gold, Silver Prices Plunge as Trump’s Fed Pick Calms Markets

NEW YORK: (Click Pakistan) Gold and silver rates dropped sharply on Friday because investors were relieved that the president of the United States, Donald Trump, had nominated former Federal Reserve official Kevin Warsh to head the central bank and the debate on monetary policy independence was over. Gold dropped to below $5000 an ounce and […]

Pakistan Gold Rates Jump Sharply as International Prices Surge

KARACHI: Gold prices in Pakistan surged to unprecedented levels on Saturday, tracking a strong rally in international markets and reflecting heightened global economic uncertainty, bullion dealers said. According to the All Pakistan Sarafa Gems and Jewellers’ Association, the price of 24-carat gold jumped by Rs6,500 per tola to a record Rs521,162. The price of gold […]
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