The theft of backup batteries from a Pakistan Telecommunication Company Limited (PTCL) mini exchange, located in the parking lot of the Alfalah Building near the Punjab Assembly has caused a shutdown of telephone and internet services due to the lack of main power supply. This incident has affected thousands of businesses in the area. The theft was discovered on Wednesday morning when the main
The dollar was off recent lows on Thursday and hanging on to a bounce after minutes from the Federal Reserve showed policymakers did not seem to be in a rush to cut interest rates and that several were open to hikes if inflation proved sticky. US yields were higher and the dollar’s overnight gains against the euro and yen were consolidated in early trade in Asia, holding the euro below $1.18.
Gold prices ticked lower in a low-liquidity market on Thursday, after a more than 2% gain in the previous session, pressured by a firm dollar ahead of key US inflation data that could influence the Federal Reserve’s interest rate-cutting trajectory. Spot gold fell 0.2% to $4,968.10 per ounce by 0315 GMT. US gold futures for April delivery were down 0.4% at $4,987.60. “Gold is in a consoli
Oil prices eased in early Asia trade on Thursday, following the previous day’s 4% jump, as investors assessed efforts by the U.S. and Iran to resolve tensions while both sides have stepped up military activity in the key oil-producing region. Brent futures fell 12 cents, or 0.2% to $70.23 a barrel by 0110 GMT, while US West Texas Intermediate (WTI) crude slipped 8 cents, or 0.1%, to trade at $6
Trading kicked off at the Pakistan Stock Exchange (PSX) on a positive note amid days of selling pressure, with the benchmark KSE-100 Index gaining over 2,900 points during the opening hours of trading on Wednesday. At 10:40am, the benchmark index was hovering at 176,084.86, following a gain of 2,934.45 points or 1.69%. Buying momentum was observed in key sectors, including automobile assembl