Business
Business
Customs Rules Slow Cargo Movement in Pakistan
New Customs Department regulations introduced on January 1, 2025, have significantly slowed the movement of custom-bonded cargo from Pakistan’s ports.…
Gold Prices Fall Globally and Locally; Silver Holds Steady
Gold prices declined in both international and local markets on Saturday. Globally, gold fell $18 per ounce, closing at $2,639.…
Biden Blocks $14.9 Billion Steel Merger Citing National Security
President Joe Biden has blocked a controversial $14.9 billion deal that would have seen Japanese giant Nippon Steel acquire American…
Oil Prices Rise on Policy Support Hopes and Weather Predictions
Oil prices rose again on Friday, building on gains from a previous session that propelled them to a two-month high.…
Turkish Consortium Bids Low for Islamabad Airport Operations
According to Thursday's bid evaluation committee's chairman, a Turkish consortium has bid to take over operations at Islamabad's airport but…
Saudi Arabia Celebrates 2025 as the Year of Handicrafts
Saudi Arabia has proclaimed 2025 the "Year of Handicrafts," an initiative to celebrate its rich cultural heritage through various events,…
Pakistan’s December Inflation Falls to 4.1%, Yet Concerns Persist
In December 2024, inflation indicators began to show signs of easing, although significant underlying pressures persist. The Consumer Price Index…
Pakistan Seeks US Waiver for Pak-Iran Gas Pipeline
The Pakistani government is set to engage with the new US administration to seek a waiver for sanctions on the…
K-Electric Announces Potential Relief of PKR 4.98 per kWh in November 2024
K-Electric (KE) has submitted a provisional adjustment for the monthly fuel charge (FCA) for November 2024, suggesting a PKR 4.98…