Pakistan’s pharmaceutical manufacturing industry has expressed concern over a federal minister’s directives to amend the existing drug pricing mechanism, warning that sudden changes could cripple the industry, disrupt medicine supplies and undermine efforts to ensure the availability of affordable medicines. Industry officials said the existing Drug Pricing Policy, 2018 was endorsed by the Supr
Gold held steady on Friday and was poised for a small weekly gain, as attention turned to highly awaited US payrolls data for clues on the Federal Reserve’s next interest rate decision. Spot gold held its ground at $4,477.10 per ounce, as of 0211 GMT. Prices jumped 2% on Thursday as traders scaled back expectations for a September rate hike after Fed Governor Christopher Waller said he w
Oil prices rose on Friday, heading for their steepest weekly gain since mid-July, as rising tension and renewed US-Iran hostilities heightened concerns over Middle East supply risks. Brent crude futures rose 54 cents, or 0.6%, to $96.06 a barrel by 0100 GMT, while US West Texas Intermediate crude futures climbed 80 cents, or 0.9%, to $92.10. On a weekly basis, Brent rose 7.6% and WTI was 10.
uying interest was observed at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index gaining over 400 points during the opening minutes of trading on Tuesday. At 9:45am, the benchmark index was hovering at 177,444.32, a gain of 468.65 points or 0.26%. Buying was observed in key sectors, including automobile assemblers, cement, commercial banks, fertiliser, oil and gas explorati
Pakistan’s benchmark KSE-100 Index closed Monday’s trading session at 176,975.67, shedding 720.83 points or 0.41%, as heavy selling in commercial banks, technology and cement stocks outweighed gains in refinery and selected energy stocks. The index traded in a range of 1,193.77 points, hitting an intraday high of 178,138.68, up 442.18 points, before falling to a low of 176,944.91, down 751.59 p