A surge in Japanese shares led Asia higher on Tuesday amid investor bullishness over all things AI, while the cloud of uncertainty over Federal Reserve independence favoured gold even as it weighed on the dollar. Oil prices were on the rise as unrest in Iran fanned fears for supplies, while US President Donald Trump warned that any country doing business with Iran will be hit by a 25% tariff on
Directorate General of Customs Valuation Karachi has fixed new customs values on the import of spark plugs from China, Japan, Europe and other origins. In this regard, the directorate general has issued a valuation ruling number 2032 of 2026 on Monday. The customs values of Auto Replacement Parts Spark Plugs were determined vide Valuation Ruling No.1957 of 2025 which was challenged before th
Gold prices were broadly steady on Tuesday, trading below a record $4,600/ounce level reached in the last session amid sharpened geopolitical and economic uncertainty as investors booked profits. Spot gold traded little changed at $4,593.81 per ounce as of 0357 GMT, while US gold futures for February delivery slipped 0.3% to $4,602.70. Bullion climbed more than 2% to hit an all-time high of
Oil prices extended gains on Tuesday as heightened concerns surrounding Iran and potential supply disruptions outweighed the prospect of increased crude supply from Venezuela. Brent futures rose 22 cents, or 0.3%, to $64.09 a barrel by 0430 GMT, hovering near a two-month high struck in the previous session. US West Texas Intermediate crude climbed 23 cents, or 0.4%, to $59.73. “The price
The Pakistani rupee registered gain against the US dollar, appreciating 0.06% during the opening minutes of trading in the inter-bank market on Tuesday. At 10am, the local currency was hovering at 279.83, a gain of Re0.18 against the greenback. On Monday, the local unit closed at 280.01. Internationally, the US dollar held to its losses on Tuesday after the Trump administration opened a c