News

Gold climbs to 3-week high as US tariff ruling stokes uncertainty

Gold prices climbed to a more than three-week high on Monday as uncertainty stoked by the US Supreme Court’s decision to strike down a vast swathe of President Donald Trump’s tariffs pressured the dollar and pushed investors to the safety of bullion. Spot gold climbed 1.1% to $5,161.64 per ounce by 0419 GMT, earlier hitting its highest since January 30. US gold futures for April delivery wer

Oil slides on Iran nuclear talks, fresh US tariff uncertainty

Oil prices slid 1% on Monday with the US and Iran headed for a third round of nuclear talks, easing concerns about a potential conflict, while President Donald Trump created uncertainty for global growth and fuel demand with a new round of tariff hikes. Brent crude futures slid 75 cents, or 1.05%, to $71.01 a barrel by 0055 GMT while US West Texas Intermediate crude futures were at $65.74 a bar

Milk producer Ghani Dairies imports 300 high-yield heifers from Australia

Ghani Dairies Limited, a part of the Ghani Group, said on Monday that it had successfully imported and received the first batch comprising 300 high-yield heifers from Australia, supplied by Nasna. The company shared the development in a notice to the Pakistan Stock Exchange (PSX) today. “The consignment has arrived at the company’s dairy facility located at Khushab. This import forms part

Selling observed at PSX, KSE-100 sheds nearly 2,200 points

Selling pressure was observed at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index shedding nearly 2,200 points during the opening minutes of trading on Thursday. At 9:50am, the benchmark index was hovering at 176,695.31, a decrease of 2,157.78 points or 1.21%. Selling was observed in key sectors, including cement, commercial banks, fertilizer, oil and gas exploration compa

Govt working to support SMEs, export-oriented industries: Rafaqat

Secretary Planning & Development Board Punjab Rafaqat Ali said at a meeting held at Lahore Chamber of Commerce and Industry that the government is taking practical steps to improve the country’s economic situation, and close coordination with the private sector is necessary to promote industry and trade. He said the government is working on several pilot programs to support SMEs and export-orie