The market is rife with speculation that after completing the acquisition of Telenor Pakistan last year, Pakistan Telecommunication Company Limited (PTCL) is now setting its sights on acquiring a known digital wallet, potentially bringing the country’s leading digital financial services platform under the PTCL Group. The speculation intensified after PTCL informed the Pakistan Stock Exchange (P
MG JW Automobile Pakistan on Thursday signed a Memorandum of Understanding (MoU) with Bangladesh’s RANCON Group to export Pakistan-made MG vehicles to Bangladesh. The agreement marks a significant milestone for Pakistan’s automotive industry and reflects the growing international confidence in the country’s manufacturing capabilities. Under the agreement, MG JW Automobile Pakistan will export 1
Gold was headed for its first monthly gain in five on Friday, as investors assessed the impact of the US-Iran conflict and parsed the Federal Reserve’s signals for clues on inflation and the path for interest rates. Spot gold inched 0.2% lower at $4,096.29 per ounce, as of 0107 GMT, but was headed for a weekly rise of 1.1%. US gold futures for August delivery gained 0.1% to $4,094.10. Th
Oil prices fell on Friday but kept on track for a monthly rise of about a fifth, as more supplies flowed through crucial maritime chokepoints, despite a lack of major breakthroughs in talks between the United States andIran. Brent futures fell $1.03, or 1.2%, to $88 a barrel by 0215 GMT, while US West Texas Intermediate (WTI) crude slipped $1.50, or 1.8%, to $82.09 a barrel. On a monthly bas
The Pakistan Stock Exchange (PSX) witnessed volatile trading on Thursday, with the benchmark KSE-100 Index shedding over 1,000 points during the trading session. At 11:35am, the benchmark index was hovering at 174,993.83, down by 1,049.15 points or 0.60%. Selling was observed in key sectors, including automobile assemblers, cement, fertiliser, oil and gas exploration companies, OMCs, power g