Gold eased on Wednesday to its lowest level in nearly a week, as US strikes on Iran boosted oil prices and the dollar, raising concerns that inflation could keep interest rates higher for longer and weigh on non-yielding bullion. Spot gold fell 0.1% to $4,100.32 per ounce by 0107 GMT, after dropping to its lowest since July 2 earlier in the day. US gold futures for August delivery shed 1.1
Oil prices climbed nearly 2% on Wednesday after the US military launched airstrikes against Iran and reimposed crude sales sanctions, raising fears their fragile truce was unravelling and Middle East supplies could be disrupted again. The US airstrikes were in response to Iranian attacks on three commercial vessels that were transiting the Strait of Hormuz, US Central Command said on Tuesday.
The benchmark KSE-100 Index concluded Monday's trading session at 187,454.69, posting a gain of 2,082.49 points, or 1.12%, as investors extended aggressive buying amid easing global oil prices and an improving geopolitical backdrop, while optimism over stronger corporate earnings and economic stability further lifted sentiment. Market participants remained encouraged after oil prices edged lowe
The Honourable XIIth Additional District Judge/Model Civil Appellate Court, Karachi-South, has dismissed TRG Pakistan Limited's civil appeal against JS Bank Limited and other parties in a judgment dated July 1, 2026. The court upheld its earlier order, which rejected TRG Pakistan's plaint in the civil suit under Order VII Rule 11 of the Code of Civil Procedure, 1908. The case, titled "TRG Pa
The State Bank of Pakistan will restrict applicability of the minimum rate of return on saving deposits to natural persons (individuals) maintaining a monthly average balance of up to Rs10 million, according to a circular issued by the central bank. The instructions, effective from August 01, 2026, mean that the minimum profit rate requirement earlier notified vide BPRD Circular No. 05 and IFPD