The Pakistan Telecommunication Authority (PTA) came in action against illegal sale of therapeutic goods via websites and social media pages and got the content removed, according to a press statement issued by the authority on Wednesday. The therapeutic goods may be including medicines, medical devices, and vaccines, it was learnt. PTA said in the statement that it initiated action against w
The dollar wobbled near a 1-1/2-week high on Thursday as a standoff between Iran and the U.S. in the Middle East war and lack of progress in peace talks pulled oil prices back above $100 per barrel, weighing on investor sentiment. Tehran seized two ships in the Strait of Hormuz on Wednesday, escalating tensions after U.S. President Donald Trump extended a ceasefire with Iran indefinitely wit
Gold fell in choppy trade on Thursday as elevated oil prices fuelled fears of inflation and prolonged high interest rates, while investors looked for clarity on stalled peace talks between the U.S. and Iran. Spot gold was down 0.7% at $4,705.09 per ounce, as of 0215 GMT. U.S. gold futures for June delivery fell 0.6% to $4,722.10. Brent crude oil prices remained above $100 a barrel after
Oil prices were marginally lower on Thursday after big gains in the previous session amid the stalled peace talks between Iran and the United States, and as both nations maintained restrictions on the flow of trade through the Strait of Hormuz. Brent crude futures fell 15 cents to $101.76 a barrel, after settling above $100 for the first time in more than two weeks on Wednesday. West Texas In
Pakistan LNG Limited, a government subsidiary that procures LNG from the international market, has issued a tender seeking liquefied natural gas (LNG) cargoes. According to the advertisement published by PLL on Thursday, the company is seeking bids from international suppliers for three LNG cargoes of around 140,000 cubic metres. PLL is seeking cargoes on a delivered-ex-ship (DES) basis to P