Federal Commerce Minister Jam Kamal Khan has directed the development of an integrated, secure, AI-powered digital system for the Ministry of Commerce. The minister held separate meetings with representatives of the Pakistan Digital Authority (PDA) and the management of Sky47 in this regard, read a statement on Friday. The meetings focused on treating government data as a national asset, str
Gold held steady on Friday but was on track for a third straight weekly gain, buoyed by a weaker dollar and US Treasury Department efforts to hold down longer-term yields. Spot gold was little changed at $4,514.23 per ounce, as of 0031 GMT, after hitting its highest level since early June in the previous session. Prices were up 3.2% for the week. US gold futures steadied at $4,571.20. The
Oil prices fell slightly on Friday, but were on track for a second weekly rise as the stalemated US-Iran war continues to disrupt supply from the key Middle East producing region. Brent crude futures fell 23 cents, or 0.3%, to $93.55 a barrel by 0142 GMT, after climbing 2.4% in the previous session. US West Texas Intermediate crude futures slipped 33 cents, or 0.4%, to $86.50 a barrel, after
Buying interest returned at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index gaining over 900 points during the opening minutes of trading on Thursday. At 9:50am, the benchmark index was hovering at 177,771.47, up by 925.11 points or 0.52%. Buying was observed in key sectors, including automobile assemblers, cement, commercial banks, oil and gas exploration companies, OMCs
Following a meeting with local refineries, the Petroleum Division has announced a major adjustment in High Speed Diesel (HSD) prices effective from August 20. The fuel saw a sharp drop of 8.1 percent, providing significant financial relief to transporters and farmers. With this revision, HSD prices fell by Rs32.63 per litre, bringing the new rate from Rs395.69 to Rs363.06 per litre. Conversely,