Global market surges 3.6% on geopolitical uncertainty; rupee inches up to 279.17/$ At current prices, the looted gold is worth around $70 million. PHOTO: PIXABAY KARACHI: Gold prices in Pakistan inched down on Friday while international bullion markets posted strong gains of more than 3% amid renewed safe-haven buying and continued uncertainty about the Middle…
KARACHI: The benchmark KSE-100 index of the Pakistan Inventory Alternate (PSX) prolonged its losses on Friday, dropping 1,200 factors to shut barely above 151,700, as late-session promoting worn out early good points amid investor issues over escalating Center East tensions and their potential impression on international vitality costs and inflation. The market remained vary sure…
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Three-month waiver on bank guarantees, credit letters covers rice, seafood, pharmaceuticals among other commodities Increased sourcing from the US reduces reliance on the Strait of Hormuz — a narrow maritime corridor through which a substantial proportion of global oil trade passes and which remains vulnerable to geopolitical tensions. Photo: Reuters ISLAMABAD: The Ministry of Commerce…
The government on Saturday increased the price of jet fuel for commercial passenger aircraft for the fifth time in 28 days, citing the oil crisis following the conflict between the United States, Israel and Iran, pushing rates to a record high. Just a day earlier, authorities had raised the price by Rs83 per litre, while…
Minister of State for Finance and Railways Bilal Azhar Kayani poses for a picture with members of global delegations at 14th Ministerial Conference (MC14) of the World Trade Organisation. — Geo.tv Pakistan’s delegation, led by Minister of State for Finance and Railways Bilal Azhar Kayani, has participated in a series of meetings in Yaounde, Cameroon,…
Jaguar Land Rover has temporarily halted production on key vehicle lines at its Solihull plant after a disruption in the supply of critical components, in the latest setback for the West Midlands-based automotive group. The pause, which is expected to last around two weeks and coincides with a previously scheduled Easter shutdown, will affect production…
A view of people standing in a queue for filling petrol outside a petrol pump in Rawalpindi on January 29, 2023. — Online Govt needs Rs300bn to provide targeted subsidy. Sufficient petroleum stocks available till May 10: ministry. Fuel prices to hover around $200 per barrel if crisis persists. The federal government has asked provinces…
Octopus Energy has reported a sharp surge in demand for renewable technologies, with solar panel sales jumping 50 per cent in recent weeks as households react to rising energy prices linked to the Middle East conflict. Chief executive Greg Jackson said the escalation of the US-Israel war with Iran has triggered a “huge jolt” in…
Iran has permitted two Pakistani cargo ships to transit through the Strait of Hormuz, sources in the Ministry of Maritime Affairs confirmed on Saturday. The vessels, Multan and P-Akili, which were previously held after Iranian forces took control of the strait — a key global oil supply route — have now crossed and are en route to…
