Gold prices in Pakistan experienced their steepest increase in nearly three months on Wednesday, reflecting rising international gold rates driven by trade wars and heightened market volatility following the election of US President Donald Trump. In the local market, the price of gold per tola surged by Rs4,250 to reach Rs287,450. Similarly, the price of 10-gram gold rose by Rs3,642, bringing i
A Senate panel on Wednesday called for cancelling the contract for buying 1,010 new cars for tax officers, but the Federal Board of Revenue (FBR) contended that it needs these vehicles to locate non-filers and physical verification of tax returns filed online. The committee decided to write to Prime Minister Shehbaz Sharif, the finance minister, and the Accountant General of Pakistan Revenues (
Amid anticipation of a sixth straight cut in the interest rate next week, Pakistani shares continued a southward journey despite the resumption of aggressive foreign buying on Wednesday. As a result, the benchmark KSE 100 index tumbled below the 114,000 level due to political and taxation uncertainties. Topline Securities Ltd Chief Executive Mohammed Sohail said the uncertainty about the
THE system is wobbling again. Pressures are mounting and getting too comfortable with the current episode of economic stability could prove a costly mistake. Just consider a few data points from the recent past. Start with this: recently, the finance minister, as well as the State Bank governor have issued public assurances that the foreign exchange reserves of the country are comfortable and c
Microsoft on Tuesday said it has changed some key terms of a deal with OpenAI after the ChatGPT creator announced a joint venture with Oracle and Japan’s SoftBank Group to build up to $500 billion of new AI data centres in the United States. President Donald Trump gathered the leaders of the “Stargate” effort at the White House on Tuesday to announce the deal, saying it was intended to help kee