News

Pakistan seeks Saudi funds for major road projects

Federal Minister for Communications Abdul Aleem Khan has invited the Kingdom of Saudi Arabia to invest in Pakistan’s major motorway and infrastructure projects, citing vast opportunities in the country’s expanding transport and logistics network. The development came during Aleem Khan’s meeting with the Minister of Transport and Logistic Services of the Kingdom of Saudi Arabia, Engineer Saleh b

Gold price per tola sheds Rs3,500 in Pakistan

Gold prices in Pakistan decreased on Tuesday in line with their loss in the international market. In the local market, gold price per tola reached Rs420,362 after a decline of Rs3,500 during the day. Similarly, 10-gram gold was sold at Rs360,392 after it registered a decrease of Rs3,001, according to rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). On Monday,

Pakistan eyes maritime link with Romania to access European markets, boost blue economy

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

PSX slips in October on economic, geopolitical uncertainty

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

All that glitters is an investment opportunity

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