In a move that sets a new benchmark for delivery reliability in Pakistan’s automotive sector, MG Motor Pakistan has begun delivering its highly anticipated MG U9 pickup trucks ahead of the originally committed timeline. The first batch of MGU9 vehicles was officially handed over to customers in mid-February, several weeks earlier than the previously announced late-February delivery window. The
The Rawalpindi Chamber of Commerce and Industry (RCCI) on Monday urged Finance Minister Muhammad Aurangzeb to ease the soaring cost of doing business through meaningful tax reforms, carry the business community’s concerns to the International Monetary Fund (IMF), and remove structural and contractual enforcement barriers hampering bilateral investment with the United States. A delegation of RCC
Gold prices rose on Tuesday, supported by a weaker US dollar and easing energy costs after US President Donald Trump suggestedthat the war in the Middle East could end soon. Respite from a potential war-driven surge in inflation would likely reduce the chances of central banks raising interest rates, a positive for non-yielding gold. Spot gold rose 0.5% to $5,161.54 per ounce, as of 0429 GMT
Oil prices fell on Tuesday after hitting an over three-year high in the prior session as US President Donald Trump predicted the war in the Middle East could end soon, easing concerns about prolonged disruptions to global oil supplies. Brent futures fell $4.17, or 4.2%, to $94.79 a barrel at 0345 GMT, while US West Texas Intermediate (WTI) crude was down $3.81, or 4%, to $90.96 a barrel. Bot
Massive selling pressure was observed at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index shedding nearly 12,000 points in the opening hours of trading on Monday amid a sharp rise in oil prices. The market opened on a negative note and by 9:22am, the benchmark KSE-100 was hovering at 147,715.95, down 9,780.15, or 6.21%. Following the 6% decline, a Market Halt was triggered