BUSINESS

Silver reaches Rs6,822 per tola Gold prices in Pakistan increased on Wednesday in line with their gain in the international market, while silver rose to hit an unprecedented high. In the local market, gold price per tola reached Rs453,562 after a gain of Rs2,700 during the day. Similarly, 10-gram gold was sold at Rs388,856 after it […]

The general public will be able to subscribe to the initial public offering (IPO) of Pak Qatar Takaful Limited (PQFTL) starting December 17, following a strong response from institutional investors during the book-building phase. A total of 12.5 million shares, representing 25 percent of the total IPO size, will be available to retail investors at […]

India’s December imports from Russia have been fuelled by a rush among buyers to finalise deals ahead of Washington’s November 21 deadline for completing transactions with Rosneft and Lukoil India’s Russian oil imports are poised to top 1 million barrels per day in December, trade and refining sources said, defying expectations for a sharp decline as […]

OpenAI also signed a $38-billion-deal to buy cloud services from Amazon in November Amazon Inc is in talks to invest in ChatGPT-maker OpenAI in a potential deal that could value the artificial intelligence firm at more than $500 billion, a source familiar with the matter said on Tuesday. Amazon may invest about $10 billion in OpenAI, but the talks […]

KSE-100 hovers near 171,000 level The Pakistan Stock Exchange (PSX) commenced trading on a positive note, with the benchmark KSE-100 Index trading over 400 points during the opening minutes of trading on Wednesday. At 9:35am, the benchmark index was hovering at 170,878.64, an increase of 431.35 points or 0.25%. Buying interest was observed in key […]

Royal families from the Gulf dominate the listThe latest Bloomberg ranking of the world’s richest families in 2025 highlights the growing concentration of global wealth in a handful of dynasties. At the top of the list sits the Walton family of the United States, heirs to the Walmart retail empire, with a combined net worth exceeding half […]

 Pakistan’s textile manufacturing sector has formally requested a temporary waiver on gas levies for captive power generation to navigate what industry leaders describe as critical winter energy challenges. These challenges are threatening production capacity and export commitments. The All Pakistan Textile Mills Association (APTMA) has petitioned authorities for a two-month exemption from the levy on […]

TPL Corp Limited (PSX: TPL) Board of Directors granted final approval on December 17, 2025, for Jazz International Holding Limited to acquire shares and control of TPL Insurance Limited, the company’s subsidiary. The Board meeting, held at 11:00 a.m. on Tuesday, approved the Share Purchase Agreement with Jazz International Holding Limited. The transaction progresses from the in-principle […]

Pakistan’s real effective exchange rate (REER) increased to 104.761 in November 2025, up from 103.95 in October 2025, a 0.78% MoM gain and a 1.69% rise YoY from 103.022 in November 2024. The increase in REER indicates a relative strengthening of the Pakistani rupee when adjusted for inflation against its trading partners. Meanwhile, the nominal effective […]

Pakistan has recorded a current account surplus of $100 million, the latest data issued by the State Bank of Pakistan (SBP) revealed today. Last month, the country recorded a current account deficit of $291m, while in November, 2024 the current account surplus stood at $709m. On a cumulative basis, the current account deficit in 5MFY26 […]