Deregulation of non-essential medicines in 2024 has led to a 34 percent increase in pharmaceutical exports, improved medicine availability, expansion of internationally certified manufacturing facilities and higher tax contributions, while any reversal of the policy could result in an industrial crisis and loss of investor confidence, pharmaceutical industry officials said. According to industr
Gold prices rose more than 1% on Monday, supported by a weaker dollar and lower oil prices, as investors weighed prospects of a breakthrough in U.S.-Iran peace negotiations. Fundamentals Spot gold rose 1.4% to $4,570.88 per ounce by 0045 GMT. US gold futures for June delivery gained 1.1% to $4,572.90. The dollar fell, making greenback-priced bullion more affordable for holders of other
The dollar slipped at the start of Asian trading on Monday as hopes of a deal to reopen the Strait of Hormuz pushed oil prices below $100 per barrel, even as the Trump administration played down the chances of reaching an agreement with Iran soon. Against the yen , the US dollar was down 0.2% at 158.87 yen, while the euro rose 0.3% to $1.1642 and the British pound gained 0.4% to $1.3485.
Oil prices hit two-week lows on Monday on optimism that the US and Iran were moving closer towards a peace deal even though they remained at odds over key issues, including blockades on the Strait of Hormuz that continued to restrict oil supply from the Middle East. Brent crude futures fell $4.71, or 4.55%, to $98.83 a barrel by 2234 GMT, while US West Texas Intermediate was at $92.03 a b
Buying momentum continued at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index gaining over 500 points during the opening minutes of trading on Friday. At 9:35am, the benchmark index was hovering at 169,047.83, up by 533.39 points or 0.32%. Buying was observed in key sectors, including commercial banks, fertiliser, oil and gas exploration companies and power generation. Ind