The Trade Development Authority of Pakistan (TDAP) successfully organised a seminar on “Technical Textiles & Application of Industry 4.0”, gathering industry leaders, academia, and innovators to discuss Pakistan’s potential in advancing towards high-value textile production and smart manufacturing. Basit Rauf, Director General (Textile Division), TDAP, opened the session by highlighting that te
Gold prices edged lower on Thursday, weighed down by a firmer dollar as investors looked forward to key U.S. inflation data due later this week for more cues on the interest rate path. Spot gold was down 0.2% at $4,084.29 per ounce, as of 0310 GMT. U.S. gold futures for December delivery climbed 0.9% to $4,100.90 per ounce. The dollar index rose 0.2% against its rivals, making gold more expe
Experts proposed a regulatory sandbox to reform the power sector subsidy regime through solar integration in residential solar solutions, featuring rationalized tariff structures and social protection mechanisms. This approach could unlock a more sustainable, equitable, and efficient power sector for the country. Experts said while speaking at a policy dialogue held here on Wednesday. The dialo
The rules-based international trade system is in danger, UN chief Antonio Guterres warned Wednesday, amid spiralling debt, heavy tariffs and financial insecurity for emerging nations. Guterres said too many countries were trapped in a debt crisis, spending more money on servicing creditors than funding health and education. “Global debt has soared. Poverty and hunger are still with us. The i
Oil prices jumped around 2.5% on Thursday, extending gains from the previous session, as supply concerns resurfaced after the United States imposed sanctions on major Russian oil suppliers Rosneft and Lukoil over the Ukraine war. Brent crude futures were up by $1.56, or 2.49%, at $64.15 per barrel by 0303 GMT, while U.S. West Texas Intermediate crude futures were up $1.53, or 2.62%, at $60.03.