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Web Desk Karachi
Jan 06, 2025

K-Electric displeased as renewable energy projects omitted from IGCEP 2024

Asserts that during the preliminary review of the draft IGCEP 2024 submitted to Nepra in April 2024, several key submissions were overlooked.

Business

Web Desk
Jan 06, 2025

PSX crashes by over 1,600 points

The Pakistan Stock Exchange (PSX) opened in green on the first trading day of the week and remained positive as the benchmark KSE-100 index surged by around 722 points, reaching 118,309.49 at 9:32 AM.

Business

Web Desk
Jan 06, 2025

Bitcoin rises above $99,500 after early dip

On the first trading day of the week, Bitcoin entered trade in positive territory, staying above the previous close of $98,352.07 for a solid 49 minutes before fluctuating and falling to $98,251.59 around 01:00 UTC.

Business

Reuters
Jan 06, 2025

Gold prices edge higher as weaker dollar lends support

Gold prices inched higher on Monday, supported by a softer dollar, while investors awaited a slew of US economic data, including the December nonfarm payrolls report, for further guidance on the Federal Reserve’s interest rate stance.

Business

Reuters
Jan 06, 2025

Global oil prices surge as cold weather boosts demand

Oil prices hovered at their highest since October on Monday as investors eyed the impact on global fuel demand from colder weather in the Northern Hemisphere and Beijing’s economic stimulus measures.

Business

AFP
Jan 04, 2025

Global food prices decline, but still 26 per cent above 2019 levels

World food commodity prices declined by 2.1 per cent in 2024 compared to the previous year, the FAO said on Friday, but they remain considerably higher than before the Covid-19 pandemic.

Business

Web Desk
Jan 04, 2025

SBP injects Rs2.43 trillion into market through reverse repo, OMOs

On Friday, the State Bank of Pakistan (SBP) injected Rs2,429.65 billion into the market through reverse repo purchases and Shariah-compliant Modaraba-based Open Market Operations (OMO).

Business

Web Desk
Jan 04, 2025

Prices of all PTA-approved iPhone 16 models reduced in Pakistan

The prices of Apple’s recently launched flagship, the iPhone 16 series, have dropped for the second time in Pakistan since its availability.

Business

AFP
Jan 04, 2025

EV sales in UK miss target despite record growth

Battery electric vehicles made up 19.6 per cent of new cars sold last year, said the Society of Motor Manufacturers and Traders, which was below the government’s 22-per cent target for carmakers.