News

Gold buying remains dull amid rising cost of living

As the issuance of daily gold rate by the All Pakistan Gem and Jewellers Association (APGJA) still hangs in the balance for the 18th consecutive day, traders have said gold buying by the families in the ongoing marriage season also remained dull due to consumers’ shrinking buying power and rising cases of gold ornaments snatching. All Karachi Jewellers Manufacturers Association President Mohamm

Gold buying remains dull amid rising cost of living

As the issuance of daily gold rate by the All Pakistan Gem and Jewellers Association (APGJA) still hangs in the balance for the 18th consecutive day, traders have said gold buying by the families in the ongoing marriage season also remained dull due to consumers’ shrinking buying power and rising cases of gold ornaments snatching. All Karachi Jewellers Manufacturers Association President Mohamm

CORPORATE WINDOW: Developing gas storage

AS indigenous reserves of gas continue to deplete, the reliance on imported LNG will grow. Due to the commodity supercycle triggered by the ongoing strategic conflict, Pakistan has been unable to import the expected quantities, with the situation exacerbated due to the dearth of the availability of the foreign exchange. However, it is evident that as soon as the LNG prices return to their long-

From crypto wars to financial revolution

While many today view cryptocurrencies such as Bitcoin primarily as a financial asset suitable for speculation, it is crucial to clarify that cryptocurrency transcends being merely a technological innovation or a financial asset. It embodies a socio-political movement rooted in the ideology of cryptography and safeguards against state overreach. The start of this movement can be traced back sev

Two booked for ‘defrauding’ Chinese investor

The Federal Investigation Agency (FIA) has finally registered an FIR against two Pakistani businessmen on charges of defrauding a Chinese investor. The FIR No 33/2023, registered by the FIA’s Commercial Banks Circle, follows an inquiry into the complaint lodged by Zhi Cheng Li. The FIR carries Sections 409, 420, 468, 471 and 109 of PPC. Mr Zhi, who claims falling victim to deception by his P