Govt Approves Weekly Fuel Price Review System
The government has approved a new system to review petroleum prices on a weekly basis. It aims to help the oil industry manage rising premiums, insurance, and freight costs. The decision follows concerns from the Petroleum Division over possible supply pressures in the Gulf region. Global oil markets have recently been volatile. This is mainly […]
Gold Falls 1.5% on Strong Dollar and Rising Oil Prices
Gold prices fell about 1.5% on Monday as a stronger US dollar and higher energy prices lowered hopes for near-term interest rate cuts. Spot gold fell 1.5% to $5,091.02 per ounce at 0233 GMT, while US gold futures for April delivery dropped 1.2% to $5,097.40. The US dollar reached a three-month high, making gold more […]
Petrol, Diesel Prices Hiked Up to Rs. 55 Per Litre
The government has raised petrol and diesel prices by up to Rs. 55 per litre, among the biggest hikes in recent years. The decision was announced by Petroleum Minister Ali Pervaiz Malik and Finance Minister Muhammad Aurangzeb after reviewing international oil market conditions. The petroleum levy on petrol was increased, while the levy on diesel […]
Chinese Aerospace Firm Considers $10B Pakistan Investment
The Chinese Aerospace Development Industry Investment Group is considering investing up to $10 billion in Pakistan. The investment could cover mining, advanced technology, industrial projects, and skill development initiatives. A high-level delegation, led by Party Secretary and Chairman Lu Jinhai, met Board of Investment Minister Qaiser Ahmed Sheikh on Thursday. The group expressed a long-term […]
Oil Prices Rise Over $1 Amid Supply Disruptions
Oil prices rose sharply on Wednesday as regional supply disruptions impacted global markets. Brent crude climbed $1.11, or 1.4%, to $82.53 per barrel, after reaching its highest level since January 2025 on Tuesday. US West Texas Intermediate crude gained 79 cents, or 1.1%, to $75.37, also near its highest since June. Production cuts in key […]
Dollar Gains as Euro and Other Currencies Come Under Pressure
The US dollar strengthened to a three-month high on Wednesday, while the euro slipped to $1.1581, extending losses for a third day and hitting its weakest level since late November. The British pound also fell 0.3% to $1.3315, and the Australian and New Zealand dollars weakened amid mixed economic signals. Rising energy prices have added […]
Gold Surges by Rs. 13,300 per Tola
Gold prices in Pakistan rose sharply on Monday, following gains in the international market. The price of 24-karat gold increased by Rs. 13,300 per tola to reach Rs. 563,862, while 10-gram gold rose by Rs. 11,402 to Rs. 483,420, according to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). Silver also moved higher, with per-tola […]
Gold Demand Rises as Markets Stay Uncertain
Gold prices climbed on Monday as investors sought secure investments amid growing uncertainty in global financial markets. Spot gold gained about 1.3% to trade near $5,349 per ounce, touching its highest level in more than four weeks during early trading. US gold futures also moved higher, rising over 2% to around $5,362 per ounce. Analysts […]
Global Markets Hit by Oil Price Volatility
Global oil prices rose sharply at the start of trading this week amid concerns about possible supply disruptions. US crude oil prices jumped nearly 8% in early trading, briefly reaching around $72 per barrel before easing to about $71 later. Brent crude, the global benchmark, recorded an even stronger increase. It gained more than 12% […]