The Businessmen Panel (BMP) of the Federation of Pakistan Chambers of Commerce and Industry has raised serious doubts over the government’s ability to achieve the 3.2 per cent growth target projected under the International Monetary Fund programme, warning that worsening poverty indicators, declining investment, falling exports and record government borrowing present a far grimmer economic picture
The dollar fell on Monday as traders took the US Supreme Court’s decision to strike down most of President Donald Trump’s tariffs as supportive for global growth, though confusion and risk of conflict in the Middle East kept moves relatively small. The euro was up 0.4% to $1.1823 and sterling rose by a similar margin to $1.3521 early in Asia trade, which was lightened a little by a holiday in J
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 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
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