Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry has emphasised the need to establish stronger maritime linkages between Pakistani ports and Romania’s Port of Constanta, describing it as a key step toward expanding access to European markets and promoting the country’s blue economy. The development came during a meeting between Chaudhry and Romanian Ambassador Dr Dan Stoenes
The Pakistan Stock Exchange (PSX) reversed course in October, with the KSE-100 index falling 2.33 per cent for the month, marking its first negative close since February. Market analysts attributed the decline primarily to profit-taking by insurance companies and mutual funds after an extended rally. Weak corporate earnings in the September quarter further weighed on investor sentiment, signall
Traders and experts in Pakistan see little chance of stability in the gold market — which has witnessed sharp volatility amid an overall rising price trend — anytime soon. They attribute the price swings to a rare mix of global and local factors; fluctuations in international gold prices, escalating armed conflicts that threaten to widen war zones, US tariff pressures under President Trump, dollar
Banks continued to post strong profits in the third quarter of calendar year 2025, remaining the only sector with steady, low-risk earnings driven largely by government borrowing. According to a report by Topline Securities issued on Friday, listed banks recorded a combined profit of Rs170bn in 3Q2025, reflecting an increase of 8pc year-on-year (YoY) and 2pc quarter-on-quarter (QoQ). The ban
The relentless surge in global gold prices has weakened confidence in the US dollar, long considered the world’s safest reserve currency, with analysts warning that the greenback’s dominance in the international financial system is facing its strongest challenge in decades. Over the past year, gold prices have climbed sharply from $2,700 per ounce in October 2024 to $3,997 per ounce on Oct 31 a