Pharmaceutical firms in Pakistan recently introduced advanced GLP-1- and GIP-based medications for people living with chronic diabetes amid the health crisis escalating to an alarming level with one in three adults reported living with high blood sugar, making Pakistan the third most affected country in the world. In addition to imports, some pharmaceutical firms started manufacturing and suppl
Gold prices climbed on Wednesday, as investors flocked to the safe-haven metal during Asian trading, weighing uncertainty over US tariffs after the US Supreme Court struck down a swathe of measures from President Donald Trump. Spot gold was up 0.5% at $5,174.76 per ounce, as of 0159 GMT.Bullion ended the previous session down more than 1% as investors locked in profits after gold hit a three-we
Oil prices were hovering near seven-month highs on Wednesday as the threat of military conflict between the US and Iran that could disrupt supply continues to worry investors even as talks between the parties are set for Thursday. Brent futures were trading at $71.22 per barrel, up 45 cents, or 0.64%, at 0140 GMT. WTI futures rose 0.64%, or 42 cents, to $66.05. Brent prices reached their hig
Buying returned to the Pakistan Stock Exchange (PSX) with the US and Iran headed for a third round of nuclear talks, easing concerns about a potential conflict. The benchmark KSE-100 Index gained nearly 500 points during the opening minutes of trading on Monday. At 9:30am, the benchmark index was hovering at 173,640.80, an increase of 471.09 points or 0.27%. Buying interest was observed in k
Maple Leaf Cement Factory Limited (MLCF) has acquired control of Pioneer Cement Limited (PIOC) after completing a public offer and additional share purchases, raising its collective shareholding to 88.28%, rendering PIOC its subsidiary. MLCF disclosed the development in a notice to the Pakistan Stock Exchange (PSX) on Monday. “MLCF hereby submit that we have fulfilled all obligations as stip