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US trade returns to wider deficit in November as imports rise
January 29, 2026 4:00
US trade returns to wider deficit in November as imports rise

WASHINGTON: The US trade deficit sharply widened in November as imports picked up, according to government data released Thursday, reversing an unexpectedly big pullback in the prior month lauded by President Donald Trump. The trade gap surged by 94.6 percent in November to $56.8 billion, Commerce Department data showed, bringing it close to levels seen in June and August last year. The shift reflected fluctuations in goods like gold and pharmaceuticals, in a year already marked by major swings in trade due to Trump’s sweeping tariffs. In November, US imports increased by 5.0 percent to $348.9 billion, while exports slipped 3.6 percent to $292.1 billion. READ MORE; US trade gap shrinks to smallest since 2009 as imports fall Analysts generally expected the deficit to grow, but Thursday’s expansion was more than the $42.9 billion projected by surveys of Dow Jones Newswires and The Wall Street Journal. Earlier this month, Trump was quick to tout a plunge in the trade deficit to its lowest since 2009, attributing it – and the country’s economic growth – to the success of his tariffs. But economists have noted that the export rise in October, which helped narrow the deficit, was significantly influenced by trade in gold. Pharmaceuticals were also a major contributor to declining imports that month. ‘Historically normal’ After October’s “remarkably narrow” deficit, the gap expanded “to a more historically normal” level in November, said Nationwide financial market economist Oren Klachkin. Trade in the fourth quarter of 2025 has seen massive swings on a few key drivers, Klachkin added. These included sharp moves in just a few components like precious metals, a return to normalcy after trade ramp-ups to avoid tariffs, and strong imports fueled by AI investment, he said. KPMG senior economist Meagan Schoenberger added: “The boomerang in the trade deficit from October to November was large, but not surprising.” “High-frequency data from the end of the year showed healthier imports going into December, meaning that the narrowing of the trade deficit we have experienced in the wake of the front-running of tariffs may be fading,” she warned. This also signals that easier supply chain adjustments, including shifts towards domestic manufacturers, have taken place, she said. US trade figures have been heavily swayed by Trump’s tariffs in the past year, as companies rushed to stock up on inventory ahead of planned hikes in levies. In November, goods exports dropped $11.1 billion. Among categories, industrial supplies and materials fell – including nonmonetary gold. Goods imports picked up by $16.8 billion, with increases seen in consumer products, and capital goods such as computers and semiconductors, the Commerce Department said. [...]

Rupee inches up against US dollar
January 29, 2026 3:25
Rupee inches up against US dollar

Rupee's Performance Against US Dollar Since 04 March 2025 const ctx = document.getElementById('closingRatesChart').getContext('2d'); const closingRatesChart = new Chart(ctx, { type: 'line', data: { labels: [ "04-Mar-25", "05-Mar-25", "06-Mar-25", "07-Mar-25", "10-Mar-25", "11-Mar-25", "12-Mar-25", "13-Mar-25", "14-Mar-25", "17-Mar-25", "18-Mar-25", "19-Mar-25", "20-Mar-25", "21-Mar-25", "24-Mar-25", "25-Mar-25", "26-Mar-25", "27-Mar-25", "28-Mar-25", "03-Apr-25", "04-Apr-25", "07-Apr-25", "08-Apr-25", "09-Apr-25", "10-Apr-25", "11-Apr-25", "14-Apr-25", "15-Apr-25", "16-Apr-25", "17-Apr-25", "18-Apr-25", "21-Apr-25", "22-Apr-25", "23-Apr-25", "24-Apr-25", "25-Apr-25", "28-Apr-25", "29-Apr-25", "30-Apr-25", "02-May-25", "05-May-25", "06-May-25", "07-May-25", "08-May-25", "09-May-25", "12-May-25", "13-May-25", "14-May-25", "15-May-25", "16-May-25", "19-May-25", "20-May-25", "21-May-25", "22-May-25", "23-May-25", "26-May-25", "27-May-25", "29-May-25", "30-May-25", "02-Jun-25", "03-Jun-25", 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"13-Jan-26", "14-Jan-26", "15-Jan-26", "16-Jan-26", "19-Jan-26", "20-Jan-26", "21-Jan-26", "22-Jan-26", "23-Jan-26", "26-Jan-26", "27-Jan-26", "28-Jan-26", "29-Jan-26" ], datasets: [{ label: 'Closing Rates', data: [ 279.77, 279.87, 279.82, 279.97, 280.07, 279.95, 279.97, 280.05, 280.21, 280.17, 280.27, 280.21, 280.22, 280.26, 280.37, 280.42, 280.26, 280.22, 280.16, 280.56, 280.47, 280.57, 280.73, 280.78, 280.56, 280.47, 280.60, 280.57, 280.46, 280.62, 280.72, 280.87, 280.77, 280.97, 281.07, 280.97, 281.07, 281.02, 280.97, 281.06, 281.22, 281.37, 281.47, 281.52, 281.71, 281.57, 281.67, 281.72, 281.61, 281.66, 281.77, 281.92, 281.97, 282.06, 281.97, 282.06, 282.17, 282.07, 282.02, 281.97, 282.12, 282.22, 282.17, 282.21, 282.47, 282.67, 282.96, 283.17, 283.41, 283.55, 283.64, 283.70, 283.87, 283.77, 283.72, 283.67, 283.72, 283.76, 283.95, 283.86, 283.97, 284.22, 284.36, 284.47, 284.56, 284.46, 284.72, 284.67, 284.96, 284.97, 284.87, 284.95, 284.97, 284.76, 284.22, 283.45, 283.21, 283.05, 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279.87, 279.86, 279.85, 279.82, 279.81, 279.80 ], borderColor: 'black', borderWidth: 1, fill: false, pointRadius: 3 }] }, options: { responsive: true, plugins: { legend: { display: false } }, scales: { x: { title: { display: true, text: 'Date' } }, y: { title: { display: true, text: 'Closing Rate' } } } } }); The Pakistani rupee registered marginal improvement against the US dollar in the inter-bank market on Thursday. At close, the local currency settled at 279.80, a gain of Re0.01 against the greenback. On Wednesday, the local unit closed at 279. 81. Internationally, the US dollar remained on shaky ground on Thursday, as uncertainty ​over US economic policies and geopolitical moves were only partially offset by supportive comments from the White House ‌and European officials following a rout in the currency. On the monetary policy front, the Federal Reserve struck a more sanguine tone on the US labour market and inflation risks overnight, which investors took to imply that rates could be on hold for longer. The dollar was in free fall earlier this week and hit a four-year low after US President Donald Trump seemed to shrug off the currency’s weakness, though it found a ‌floor after Treasury Secretary Scott Bessent said a day later that Washington has a strong-dollar policy. The dollar selloff from earlier this week had been the sharpest since Trump’s tariff blitz rocked markets last April. Already down 2% for the year, its weakness has been driven by concern over Trump’s erratic policymaking, attacks on the Fed and what it could mean ⁠for the rate outlook and, most ⁠recently, signals on Friday that the US ​was willing to sell dollars to help Japan boost the yen. Against a basket of currencies, the dollar was at 96.24, languishing near Tuesday’s four-year low of 95.566. Oil prices, a key indicator of currency parity, jumped on Thursday, hitting a near six-month high on rising concerns about a possible US military attack on Iran, OPEC’s fourth-largest producer with output of 3.2 million barrels per day. Brent crude futures were up $2.61, or 3.8%, to $71.01 a barrel at 1404 GMT, reaching its highest level since August 1. The contract is on track to rise over 16% in January, its biggest monthly increase in four years. US West Texas Intermediate crude was up $2.54, or 4%, to $65.75 a barrel. WTI futures earlier reached $65.80 a barrel, a four-month high, and were on track for a 14% monthly gain, the biggest since July 2023. Inter-bank market rates for dollar on Thursday BID Rs 279.80 OFFER Rs 280.00 Open-market movement In the open market, the PKR gained 10 paise for buying and remained unchanged for selling against USD, closing at 280.13 and 280.88, respectively. Against Euro, the PKR gained 41 paise for buying and 26 paise for selling, closing at 334.85 and 338.26, respectively. Against UAE Dirham, the PKR remained unchanged for buying and gained 1 paisa for selling, closing at 76.50 and 77.30, respectively. Against Saudi Riyal, the PKR gained 1 paisa for buying and remained unchanged for selling, closing at 74.80 and 75.42, respectively. Open-market rates for dollar on Thursday BID Rs 280.13 OFFER Rs 280.88 [...]

US stocks dip as Meta surges while Microsoft slumps
January 29, 2026 3:21
US stocks dip as Meta surges while Microsoft slumps

WASHINGTON: Wall Street stocks dipped early Thursday following diverging reactions to earnings from tech giants Microsoft and Facebook parent Meta Platforms. Shares of Meta jumped about eight percent after strong results boosted confidence in the company’s aggressive artificial intelligence push, while Microsoft tumbled about 10 percent as surging AI spending rattled investors. About 20 minutes into trading, the Dow Jones Industrial Average was down less than 0.1 percent at 49,004.48. READ MORE; US stocks mixed amid earnings deluge The broad-based S&P 500 declined 0.4 percent to 6,951.01, while the tech-rich Nasdaq Composite Index dropped 1.0 to 23,625.19. With AI, “initially, a rising tide lifted all boats,” said CFRA Research’s Sam Stovall. “But this time around, investors will look at stocks on a company-by-company basis because not all are benefiting now at the same rate of pace.” US government data showed lower jobless claims, reinforcing confidence in the employment market a day after the Federal Reserve kept interest rates unchanged. [...]

Bullish outlook: gold expected to stay strong in Pakistan
January 29, 2026 3:19
Bullish outlook: gold expected to stay strong in Pakistan

Gold prices in Pakistan are seen remaining high over the next six months, underpinned by a bullish global outlook and sustained safe-haven demand. The yellow metal extended its record-breaking rally on Thursday and was on track for its best monthly performance since 1973 in the international market, as rising economic and geopolitical uncertainties drove investors to the safe-haven metal, while silver hit a record above $120/oz. Spot gold was 2.1% higher at $5,514.03 an ounce by 08:52 am ET (1352 GMT), after earlier touching $5,594.82. Gold has gained over 28% so far this month. The US Federal Reserve left rates unchanged on Wednesday, as investors awaited Trump’s announcement of a replacement for central bank chair Jerome Powell, whose term ends in May. Markets expect the central bank to next trim rates in June. In Pakistan, gold prices set another record high, with the per tola rate reaching Rs572,862 after a record single-day gain of Rs21,200. Talking to Business Recorder, Abdullah Abdul Razzak Chand, President Society Jewellers Welfare Association Tariq Road, said escalating tensions between the US and the European Union over the Greenland issue were a key factor driving the surge in gold prices. “If geopolitical conditions worsen, the price of the safe-haven asset could cross Rs600,000 per tola,” he said. Policy Research & Advisory Council’s (PRAC) Head of Research Dr Usama Ehsan Khan told Business Recorder gold prices closely track international rates but were also affected by currency movements. “Even a modest global increase can translate into a double-digit rise in local prices if the rupee remains under pressure,” he said. “The massive surge in price of gold is the result of several reinforcing factors. Globally, geopolitical tensions, concerns about economic slowdown, and expectations of interest-rate cuts in major economies have increased demand for safe-haven assets. “Historically, gold tends to perform well when real interest rates are low, and current market expectations strongly favor monetary easing”, Khan said. Arif Habib Commodities CEO Ahsan Mehanti said gold prices had surged to record highs as strong safe-haven demand persisted following President Donald Trump’s threat to impose new tariffs on eight European countries amid his push to acquire Greenland. Also read: India’s gold demand to fall in 2026 as jewellery slump offsets investment rise Trump has repeatedly called for US control over Greenland, citing national security concerns related to Russia and China. Mehanti said gold prices were expected to rise further, driven by their safe-haven appeal, adding that not only were central banks increasing their holdings, but investors were also turning to gold to hedge against escalating geopolitical risks. Zaki ur Rehman, Chief Business Officer at the Pakistan Mercantile Exchange (PMEX) told Business Recorder gold prices were likely to remain elevated and volatile over the next six months. “While short-term corrections are possible, the overall bias remains upward due to global uncertainty, geopolitical risks, and expectations of monetary easing by major central banks.” Zaki further said rather than focusing on a precise price level, the market should expect range-bound upward movement with higher support levels, indicating sustained investor confidence in gold. [...]

Gulf bourses end lower on Iran jitters
January 29, 2026 2:43
Gulf bourses end lower on Iran jitters

Stock markets in the Gulf closed down on Thursday, as fears of a possible U.S. military action against Iran raised concerns that the region would bear the brunt of any Iranian retaliation. The deployment of a U.S. aircraft carrier and supporting warships to the Middle East this week has broadened U.S. President Donald Trump’s options for potential military action, following his repeated threats to intervene over Iran’s crackdown. Saudi Arabia’s benchmark index dropped 0.7%, ending a five-day winning streak, hit by a 1.3% fall in Al Rajhi Bank and a 2.6% slide in ACWA Power. Oil behemoth Saudi Aramco, however, gained 0.6%. Crude prices, a catalyst for the Gulf’s financial markets, hit a four-month high as Trump warned Iran of possible attacks if it did not make a deal on nuclear weapons. Most sectors were lower on the day, but the losses were contained by energy, with Aramco supported by rising oil prices, said Milad Azar, market analyst at XTB MENA. According to Azar, sentiment remains underpinned by fourth-quarter earnings and optimism ahead of next week’s opening of the market to foreign investors, leaving room for further gains on strong results, firmer oil, and solid non-oil fundamentals. Bank AlJazira advanced 4.2%, its biggest intraday gain in four months, after posting a strong increase in annual net profit and proposing a 0.50 riyal-per-share cash dividend for the second half — its first in three and a half years. In mid-January, Saudi Arabia, Qatar, Oman and Egypt urged Washington not to carry out a strike on Iran. Dubai’s main share index retreated 0.5%, weighed down by a 1.4% fall in toll operator Salik . In Abu Dhabi, the index lost 0.3%, with Abu Dhabi Commercial Bank falling 1.7%. After market hours, the lender reported a fourth-quarter net profit of 3.34 billion dirhams ($909.41 million), up from 2.57 billion dirhams a year ago. The UAE said on Monday it would not allow its airspace, territory, or waters to be used for hostile military action against Iran, reaffirming its neutrality and commitment to regional stability. The Qatari index finished 0.6% lower, with Qatar National Bank , the Gulf’s biggest lender by assets, sliding 1.3%. The Egyptian bourse was closed for a public holiday. Saudi Arabia fell 0.7% to 11,382Abu Dhabi dropped 0.3% to 10,364Dubai declined 0.5% to 6,482Qatar retreated 0.6% to 11,310Bahrain was down 0.4% to 2,044Oman lost 0.5% to 6,330Kuwait slipped 2% to 9,124 [...]

Pakistan, US explore setting up ADR center for corporate disputes
January 29, 2026 2:13
Pakistan, US explore setting up ADR center for corporate disputes

Pakistan and the United States (US) had discussed the establishment of a dedicated Alternative Dispute Resolution (ADR) Centre in Pakistan for financial disputes, drawing on international best practices, an official release said on Thursday. The development came as a delegation of the Commercial Law Development Program (CLDP) of the United States Department of Commerce visited the Securities and Exchange Commission of Pakistan (SECP) in Islamabad. The CLDP works with emerging economies to strengthen policy, legal, and regulatory frameworks that support trade, investment, and commercial activity through targeted technical assistance and institutional capacity-building. Also read: Dr Kabir Ahmed Sidhu assumes charge as SECP chairman “Both sides discussed the establishment of a dedicated Alternative Dispute Resolution Centre in Pakistan, drawing on international best practices. These included the Financial Industry Disputes Resolution Centre (FIDReC) model of Singapore, an independent and impartial institution that resolves consumer financial disputes through structured mediation and adjudication mechanisms,” the SECP said. “The delegation discussed cooperation on developing an effective system for the early and out-of-court resolution of corporate disputes to improve the business environment and enhance investor confidence.” SECP officials briefed the delegation on the commission’s mandate, regulatory framework, and supervisory role across Pakistan’s financial sector. Muzzafar Ahmed Mirza, Commissioner (Law), SECP, briefed the delegation on SECP’s ongoing and earlier initiatives to promote alternative dispute resolution. He highlighted existing mechanisms, including the Small Dispute Resolution Committee in the insurance sector. “Mirza also outlined SECP’s vision for expanding ADR frameworks to ensure timely, cost-effective, and efficient dispute resolution in the corporate and financial sectors.” Meanwhile, SECP chairman Dr Kabir Ahmed emphasised that effective ADR mechanisms could significantly reduce the burden on courts by resolving disputes efficiently, lowering costs for businesses, and improving ease of doing business. He expressed SECP’s willingness to work closely with CLDP to advance ADR reforms in Pakistan. Also read: Tax-related disputes: SOEs allowed to adopt ADR facility before litigation The CLDP delegation was led by Mr Zmarak Khan, Deputy Chief Counsel, and included Ms Alexa Black, International Program Specialist; Ms Aleena Nasir, Attorney Advisor (International); Ms Emily Rife, Expert and Senior Partner, CLDP; and Mr Dave Moora, Senior Partner, Impact Associates. [...]

US move on Venezuela signals drift from WTO rules, experts warn
January 29, 2026 1:32
US move on Venezuela signals drift from WTO rules, experts warn

The rule-based world order under the World Trade Organisation (WTO) is being threatened as the US attack on Venezuela has been dubbed as the beginning of new world disorder violating basic norms of international law, experts have warned. In the first week of 2026, the US attacked Venezuela and deposed its long-serving President Nicolas Maduro, President Donald Trump said, in Washington’s most direct intervention in Latin America since the 1989 invasion of Panama. Economic strategist and regional expert Dr Mehmoodul Hassan Khan said, “the emerging global geopolitics, rise to power politics and reactivation of Cold War mentality has ruined the rule-based world order, which has directly damaged the strategic importance, scope, utility and productivity of the WTO”. “WTO is mandatory for peaceful conflict resolution and sitting at the apex of business, commercial, economic and industrial arbitration at international level. It acts like a guarantor of business ethics and anti-salvo to law of the jungle,” he maintained. Khan said the Global South consisting of developing and under developing countries and China has been advocating rule of the law, just global system, and multiculturalism. In this connection the Chinese President Xi Jinping has already announced Global Governance Initiative, supporting a new world order based on rules, laws and respect of the economic security, political sovereignty and social harmony. “China is the diehard supporter of the free, effective and transparent WTO,” Khan said. According to him, the US president’s move against Venezuelan Maduro was intended in part to counter China’s socio-economic influence. “It fears that the attack on Venezuela will have a cooling effect on Latin American engagement with China. According to many official figures, bilateral trade between Latin American region and China has more than doubled in the last decade, growing from $235.9 billion in 2015 to $518.47 billion in 2024.” According to many regional economists, he continued, the trade could exceed $700 billion by 2035. “China has now become the second largest trading partner of Latin America and the largest for countries like Brazil and Argentina.” Khan was of the view that the chessboard of international politics was still open to secure the lion’s share and China being the factory of the world should sincerely try to resolve the conflicting realities through dialogue, diplomacy and development, but US attack on Venezuela became the biggest setback to Global South, BRICS and even Shanghai Cooperation Organisation (SCO). The geopolitical readjustment of China & Russia and geostrategic strength of these international forums will decide the future and prospects of the Belt and Road Initiative (BRI) and the Chinese investments and role during 2026 and beyond. Also read: Saudi Arabia proposes to host WTO meeting in 2028 International trade expert Aadil Nakhoda said the use of sanctions on countries not compliant with US interests were likely to become more prominent. “Although, US has more control over the Venezuelan oil reserves, it is still not clear how the oil market will eventually react to the new situation in the long-run as sanctions continue to be imposed. There will be likely an ease on its trading but the mechanism behind it is not clear. “Protectionism and the retreat of the US from international organisations does signal challenges to their sustainability as effective organisations. However, smaller economies need such entities, while larger countries that support rule based trading will take a more prominent role. We may see organisational changes but not a complete abandoning of them,” he said. Commenting on future prospects of BRI and Chinese investments in Latin America during 2026, Nakhoda said that would likely continue as Brazil remained an important player and destination, while China would likely continue to push for a larger role in the region. [...]

Sri Lankan shares rise decline as industrial stocks weigh
January 29, 2026 1:12
Sri Lankan shares rise decline as industrial stocks weigh

Sri Lankan shares closed lower on Thursday, lifted by gains in industrial and consumer discretionary stocks. The CSE All-Share index declined nearly 0.4% to 23,900.89. On Wednesday, the index notched a 0.1% gain, helped by real estate stocks. Conglomerate Office Equipment and Kerner Haus Global Solutions were the biggest drags to the CSE All-Share index, sliding 12.9% and 7.5%, respectively. Trading volume dropped to 277.3 million shares from 347.1 million in the previous session. The equity market’s turnover dipped to 6.92 billion Sri Lankan rupees ($22.4 million), compared with 6.94 billion rupees in the previous session, according to exchange data. Foreign investors were net sellers of shares worth 76.4 million rupees in the equity market, while domestic investors were net buyers of shares worth 6.87 billion rupees, data showed. [...]

Asia rice: Thai, Vietnam prices firm; India rates steady on weak rupee
January 29, 2026 1:04
Asia rice: Thai, Vietnam prices firm; India rates steady on weak rupee

Prices of rice exported from Thailand edged higher this week, while Vietnam rates also rose on stronger orders from key buyers; Indian prices were steady as currency depreciation offset rising paddy costs. Thailand’s 5% broken rice was quoted at $390-$400 per tonne - its highest since December 24 - up from $380 last week. Traders said the price increase is due to stronger domestic prices, with exporters and rice mills waiting to assess the new crop, due to come to market soon. The exchange rate also played a small role in causing price fluctuations, the trader added. However, market demand remains subdued, with regular customers buying only small volumes, a rice trader said. On the supply side, production is expected to be good due to favorable water conditions, traders said. Vietnam’s 5% broken rice was offered at $360-$367 per metric ton on Thursday, compared with $360-$365 a week ago, according to traders. Asia rice: Indian rates edge lower amid rupee depreciation, subtle demand “Demand is stable and we are seeing more orders coming from key buyers such as the Philippines and Malaysia,” a trader based in Ho Chi Minh City said. “We are hearing that the Philippines will buy around 300,000 tons for February delivery,” the trader added. Preliminary shipping data showed 128,000 tons of rice is to be loaded at ports in southern Vietnam in the year to January 26, with most of the rice heading to the Philippines and Malaysia. India’s 5% broken parboiled variety was quoted at $351-$356 per ton this week, unchanged from the last week. Indian 5% broken white rice was priced at $348 to $353 per ton. Indian rupee fell to a record low on Thursday, increasing traders’ returns from the overseas sales. “The rupee is helping us remain competitive in an oversupplied market, but demand is still subdued,” said a Kolkata-based exporter. Domestic rice prices in Bangladesh remained elevated despite adequate stocks and imports, putting increased pressure on consumers. Last week, the government allowed private traders to import 200,000 metric tons of parboiled rice to prevent any price shocks, alongside government-level rice procurement. [...]

India bonds steady before budget, RBI action offsets impact of Indian rupee fall
January 29, 2026 12:39
India bonds steady before budget, RBI action offsets impact of Indian rupee fall

MUMBAI: India’s 10-year benchmark government bond ended little changed on Thursday, with the central bank’s bond purchases helping offset pressure from the Indian rupee’s fall to a record low, while traders awaited the federal budget on Sunday. Analysts point to the possibility of a record state and central government borrowing in 2026–27, at around 30 trillion Indian rupees. The benchmark 10-year 6.48% 2035 bond yield settled at 6.6984%, versus 6.7026% on Wednesday. Bond yields rise when prices fall. India’s economic survey, unveiled on Thursday, forecasts economic growth of between 6.8% and 7.2% in the fiscal year starting in April, a slowdown from this fiscal year’s 7.4% projection. The 10-year yield see-sawed through the session amid caution that Reserve Bank of India’s efforts to support the Indian rupee could temper the impact of its cash infusions. The Indian rupee hit a lifetime low of 91.9850 per dollar in early trade, while the RBI likely intervened to hold it above the psychologically key 92 level. “The bond market’s fortunes are now inextricably linked to the Indian rupee,” said Vivek Kumar, an economist at QuantEco Research. “When the Indian rupee depreciates, they (the RBI) are intervening and sucking out liquidity and then doing OMOs to make up for part of the liquidity loss.” Banking system liquidity surplus has averaged about 0.2% of banks’ net demand and time liabilities this month, versus the RBI Governor’s stated preference to keep surplus within 0.6%–1% of deposits. Separately, New Delhi is set to sell 320 billion Indian rupees of the benchmark bond at an auction on Friday, which will keep the note under pressure. Rates India’s overnight index swap curve continued to steepen ahead of RBI policy announcement next week. The one-year OIS rate inched lower to 5.57%, while the two-year dipped 1.5 bps to 5.7150%. The five-year OIS rate was steady at 6.1550%. [...]

Indian rupee hits record low, RBI intervention averts fall past 92
January 29, 2026 11:45
Indian rupee hits record low, RBI intervention averts fall past 92

MUMBAI: The Indian rupee hit a record low against the dollar on Thursday, pressured by dollar demand linked to the maturity of non-deliverable forward positions and corporate hedging, while the central bank likely intervened to hold it above the psychologically significant 92 level. The Indian rupee ended the session at 91.9550 per dollar, down 0.2% from its previous close. Earlier in the session, it fell to 91.9850. Weakness in the currency also spilled over to Indian government bonds, reinforcing a dilemma for the market wherein the Reserve Bank of India’s efforts to shore up banking system liquidity get blunted by its FX market interventions. The central bank intervened on Thursday as well to cap the Indian rupee’s fall, traders said. Expectations of the Indian rupee depreciating further are also compounding the strain on India’s interest rate swaps market, which has contributed to pushing up overnight index swap rates to levels that price in monetary tightening, even though macro-economic indicators signal no need for it. The Indian rupee’s weakness also stands in contrast with India’s strong economic growth numbers. The economy is expected to grow between 6.8%-7.2% in the fiscal year starting April, a modest slowdown from the 7.4% projection for the ongoing fiscal, the government’s annual economic survey said. “The Indian rupee’s valuation does not accurately reflect India’s stellar economic fundamentals,” it said, while also noting that the currency’s fall helps offset some impact of the steep U.S. tariffs. A trade deal with the U.S. is key to improving sentiment on Indian markets, a portfolio manager at a hedge fund said. “It becomes complicated to project long-term growth for India when the country finds itself in a complicated geopolitical spot,” they added, referring to the reticence among foreign investors towards buying Indian assets. Foreign investors have net sold over $4 billion of local stocks in January so far, adding to the record $19 billion outflow in 2025. DBS Bank India expects the Indian rupee to fall to 93-94 this year as capital inflows dwindle. [...]

Gold price per tola sets another record high in Pakistan
January 29, 2026 11:31
Gold price per tola sets another record high in Pakistan

Gold prices in Pakistan set another record high on Thursday. In the local market, gold price per tola reached Rs572,862 after a gain of Rs21,200 during the day. Similarly, 10-gram gold was sold at Rs491,136 after it increased by Rs18,175, according to rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). On Wednesday, gold price per tola reached Rs551,662 after a gain of Rs21,100 during the day. The international rate of gold was up by $212 to reach $5,505 per ounce (with a premium of $20). Meanwhile, the price of silver increased by Rs264 to reach Rs12,175 per tola. Additionally, international spot gold extended its blistering rally on Thursday to hit a record high just shy of $5,600 an ounce, as investors sought safety amid geopolitical and economic uncertainties, while silver came within a whisker of breaching the $120 mark. Spot gold shot up 2.7% to $5,542.29 an ounce by 0149 GMT, after hitting a record $5,591.61 earlier in the day. [...]

Palm ends at highest in three months on firmer commodity prices, crude
January 29, 2026 11:30
Palm ends at highest in three months on firmer commodity prices, crude

JAKARTA: Malaysian palm oil futures closed at its highest level in three months on Thursday, rising for the fourth consecutive session, boosted by firm commodity prices and crude. The benchmark palm oil contract for April delivery on the Bursa Malaysia Derivatives Exchange gained 46 ringgit, or 1.08%, to 4,318 ringgit ($1,100.13) a metric ton. It was the highest close since October 27, 2025. “Today’s palm market is being supported by firm commodity prices; crude oil, soyoil at Dalian,” a Kuala Lumpur-based trader said. Prices remain well-supported amid market anticipation of the upcoming Price Outlook Conference in Kuala Lumpur over February 9-11, the trader added. Dalian’s most-active soyoil contract rose 0.89 while its palm oil contract gained 1.15%. Soyoil prices on the Chicago Board of Trade were up 0.46. Palm oil tracks price movements of rival edible oils, as it competes for a share of the global vegetable oils market. The ringgit, palm’s currency of trade, weakened 0.31%against the dollar, making the commodity cheaper for buyers holding foreign currencies. Oil prices rose 1.5% on Thursday, extending gains for a third day, on increasing concerns the U.S. may carry out a military attack on key Middle Eastern producer Iran that could disrupt supply from the region. Stronger crude oil futures make palm a more attractive option for biodiesel feedstock. [...]

Indian shares rise for third session; gains capped by record-low rupee
January 29, 2026 11:27
Indian shares rise for third session; gains capped by record-low rupee

Indian shares rose for the third straight session on Thursday as upbeat commentary in the government’s economic survey lifted sentiment ahead of the federal budget, though gains were capped by the rupee hitting another record low. The Nifty 50 rose 0.3% to 25,418.90, while the BSE Sensex added 0.27% to 82,566.37. The benchmarks bounced back after falling about 0.8% earlier in the session. The broader small-caps and mid-caps rose 0.2% each. The survey projected India’s economy to grow between 6.8% and 7.2% in the fiscal year starting in April on the back of strong domestic demand. Although the forecast will mean a slowdown from this fiscal year’s 7.4% projection, Finance Minister Nirmala Sitharaman  said the outlook “is one of steady growth amid global uncertainty, requiring caution, but not pessimism.” “The FY2027 growth outlook reflects a realistic assessment of India’s cyclical momentum, balancing U.S. trade and geopolitical uncertainty with the economy’s relative insulation due to domestic demand and steady capex,” said Sonam Srivastava, founder and fund manager at Wright Research PMS. “The survey’s emphasis on sustained credit growth leaves banks and non-bank lenders well-positioned for growth, led by retail, MSME and infrastructure-linked lending,” Srivastava said. Heavyweight financials, which were in the red before the release of the survey, closed 0.6% higher, while private banks gained 1%. Benchmark gains were also capped by a 0.8% drop in the IT index after the U.S. Federal Reserve held rates, as expected. Higher U.S. rates make emerging markets, including India, less attractive to foreign investors as they support the U.S. dollar and Treasury yields. “The ambiguity over the India-U.S. trade deal and foreign outflows have significantly affected the rupee and weighed on equity markets,” said Mitesh Dalal, head of broking at Sanctum Wealth. FPIs have offloaded Indian shares worth $4.56 billion in January so far, after record $19 billion outflows in 2025. Among individual stocks, India’s top carmaker Maruti Suzuki dropped 2.5% on missing quarterly profit expectations. Larsen & Toubro jumped 3.7% as brokerages reiterated their constructive view on long-term earnings growth despite a quarterly profit miss. [...]

Airbus expects India to have 2,250 commercial jets in service over next 10 years
January 29, 2026 8:09
Airbus expects India to have 2,250 commercial jets in service over next 10 years

HYDERABAD: Airbus said on Thursday it expects airlines in India to have 2,250 commercial jets in service over the next 10 years, driven by resilient economic growth, an expanding middle class and a surge of first-time flyers. Boeing issued a similar outlook for India and South Asia on Wednesday, projecting that airlines in the region will require nearly 3,300 new aircraft by 2044. [...]

US trade returns to wider deficit in November as imports rise
January 29, 2026 4:00
US trade returns to wider deficit in November as imports rise

WASHINGTON: The US trade deficit sharply widened in November as imports picked up, according to government data released Thursday, reversing an unexpectedly big pullback in the prior month lauded by President Donald Trump. The trade gap surged by 94.6 percent in November to $56.8 billion, Commerce Department data showed, bringing it close to levels seen in June and August last year. The shift reflected fluctuations in goods like gold and pharmaceuticals, in a year already marked by major swings in trade due to Trump’s sweeping tariffs. In November, US imports increased by 5.0 percent to $348.9 billion, while exports slipped 3.6 percent to $292.1 billion. READ MORE; US trade gap shrinks to smallest since 2009 as imports fall Analysts generally expected the deficit to grow, but Thursday’s expansion was more than the $42.9 billion projected by surveys of Dow Jones Newswires and The Wall Street Journal. Earlier this month, Trump was quick to tout a plunge in the trade deficit to its lowest since 2009, attributing it – and the country’s economic growth – to the success of his tariffs. But economists have noted that the export rise in October, which helped narrow the deficit, was significantly influenced by trade in gold. Pharmaceuticals were also a major contributor to declining imports that month. ‘Historically normal’ After October’s “remarkably narrow” deficit, the gap expanded “to a more historically normal” level in November, said Nationwide financial market economist Oren Klachkin. Trade in the fourth quarter of 2025 has seen massive swings on a few key drivers, Klachkin added. These included sharp moves in just a few components like precious metals, a return to normalcy after trade ramp-ups to avoid tariffs, and strong imports fueled by AI investment, he said. KPMG senior economist Meagan Schoenberger added: “The boomerang in the trade deficit from October to November was large, but not surprising.” “High-frequency data from the end of the year showed healthier imports going into December, meaning that the narrowing of the trade deficit we have experienced in the wake of the front-running of tariffs may be fading,” she warned. This also signals that easier supply chain adjustments, including shifts towards domestic manufacturers, have taken place, she said. US trade figures have been heavily swayed by Trump’s tariffs in the past year, as companies rushed to stock up on inventory ahead of planned hikes in levies. In November, goods exports dropped $11.1 billion. Among categories, industrial supplies and materials fell – including nonmonetary gold. Goods imports picked up by $16.8 billion, with increases seen in consumer products, and capital goods such as computers and semiconductors, the Commerce Department said. [...]

Air India orders 30 Boeing MAX jets
January 29, 2026 3:29
Air India orders 30 Boeing MAX jets

BENGALURU: Air India said on Thursday it would purchase 30 more Boeing 737 MAX aircraft, as part of an ambitious overhaul of its fleet. The former national carrier has carried out an aggressive modernisation since Tata Group took over in 2022 – ordering hundreds of new planes and also upgrading its ageing aircraft to revive its global presence. The latest additions bring the total number of Boeing aircraft orders to 250, the airline said in a statement. Air India’s chief executive Campbell Wilson said the new planes will help “position Air India… as a world class global carrier”. READ MORE: Boeing reports 1st annual profit since 2018 on asset sale The announcement comes seven months after an Air India Boeing 787-8 Dreamliner crashed in the western state of Gujarat, killing all 260 people on board. Air India’s international network spans 31 countries across five continents, linking India with major destinations in North America, Europe and the Asia-Pacific. The order is a shot in the arm for US manufacturer Boeing, which on Tuesday reported its first annual profit since 2018 following gains from an asset sale. The company said improved quality controls had enabled it to increase aircraft production. Boeing posted a full year profit of $1.9 billion for 2025, compared with a loss of $11.9 billion in 2024. [...]

Rupee inches up against US dollar
January 29, 2026 3:25
Rupee inches up against US dollar

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279.87, 279.86, 279.85, 279.82, 279.81, 279.80 ], borderColor: 'black', borderWidth: 1, fill: false, pointRadius: 3 }] }, options: { responsive: true, plugins: { legend: { display: false } }, scales: { x: { title: { display: true, text: 'Date' } }, y: { title: { display: true, text: 'Closing Rate' } } } } }); The Pakistani rupee registered marginal improvement against the US dollar in the inter-bank market on Thursday. At close, the local currency settled at 279.80, a gain of Re0.01 against the greenback. On Wednesday, the local unit closed at 279. 81. Internationally, the US dollar remained on shaky ground on Thursday, as uncertainty ​over US economic policies and geopolitical moves were only partially offset by supportive comments from the White House ‌and European officials following a rout in the currency. On the monetary policy front, the Federal Reserve struck a more sanguine tone on the US labour market and inflation risks overnight, which investors took to imply that rates could be on hold for longer. The dollar was in free fall earlier this week and hit a four-year low after US President Donald Trump seemed to shrug off the currency’s weakness, though it found a ‌floor after Treasury Secretary Scott Bessent said a day later that Washington has a strong-dollar policy. The dollar selloff from earlier this week had been the sharpest since Trump’s tariff blitz rocked markets last April. Already down 2% for the year, its weakness has been driven by concern over Trump’s erratic policymaking, attacks on the Fed and what it could mean ⁠for the rate outlook and, most ⁠recently, signals on Friday that the US ​was willing to sell dollars to help Japan boost the yen. Against a basket of currencies, the dollar was at 96.24, languishing near Tuesday’s four-year low of 95.566. Oil prices, a key indicator of currency parity, jumped on Thursday, hitting a near six-month high on rising concerns about a possible US military attack on Iran, OPEC’s fourth-largest producer with output of 3.2 million barrels per day. Brent crude futures were up $2.61, or 3.8%, to $71.01 a barrel at 1404 GMT, reaching its highest level since August 1. The contract is on track to rise over 16% in January, its biggest monthly increase in four years. US West Texas Intermediate crude was up $2.54, or 4%, to $65.75 a barrel. WTI futures earlier reached $65.80 a barrel, a four-month high, and were on track for a 14% monthly gain, the biggest since July 2023. Inter-bank market rates for dollar on Thursday BID Rs 279.80 OFFER Rs 280.00 Open-market movement In the open market, the PKR gained 10 paise for buying and remained unchanged for selling against USD, closing at 280.13 and 280.88, respectively. Against Euro, the PKR gained 41 paise for buying and 26 paise for selling, closing at 334.85 and 338.26, respectively. Against UAE Dirham, the PKR remained unchanged for buying and gained 1 paisa for selling, closing at 76.50 and 77.30, respectively. Against Saudi Riyal, the PKR gained 1 paisa for buying and remained unchanged for selling, closing at 74.80 and 75.42, respectively. Open-market rates for dollar on Thursday BID Rs 280.13 OFFER Rs 280.88 [...]

Bullish outlook: gold expected to stay strong in Pakistan
January 29, 2026 3:19
Bullish outlook: gold expected to stay strong in Pakistan

Gold prices in Pakistan are seen remaining high over the next six months, underpinned by a bullish global outlook and sustained safe-haven demand. The yellow metal extended its record-breaking rally on Thursday and was on track for its best monthly performance since 1973 in the international market, as rising economic and geopolitical uncertainties drove investors to the safe-haven metal, while silver hit a record above $120/oz. Spot gold was 2.1% higher at $5,514.03 an ounce by 08:52 am ET (1352 GMT), after earlier touching $5,594.82. Gold has gained over 28% so far this month. The US Federal Reserve left rates unchanged on Wednesday, as investors awaited Trump’s announcement of a replacement for central bank chair Jerome Powell, whose term ends in May. Markets expect the central bank to next trim rates in June. In Pakistan, gold prices set another record high, with the per tola rate reaching Rs572,862 after a record single-day gain of Rs21,200. Talking to Business Recorder, Abdullah Abdul Razzak Chand, President Society Jewellers Welfare Association Tariq Road, said escalating tensions between the US and the European Union over the Greenland issue were a key factor driving the surge in gold prices. “If geopolitical conditions worsen, the price of the safe-haven asset could cross Rs600,000 per tola,” he said. Policy Research & Advisory Council’s (PRAC) Head of Research Dr Usama Ehsan Khan told Business Recorder gold prices closely track international rates but were also affected by currency movements. “Even a modest global increase can translate into a double-digit rise in local prices if the rupee remains under pressure,” he said. “The massive surge in price of gold is the result of several reinforcing factors. Globally, geopolitical tensions, concerns about economic slowdown, and expectations of interest-rate cuts in major economies have increased demand for safe-haven assets. “Historically, gold tends to perform well when real interest rates are low, and current market expectations strongly favor monetary easing”, Khan said. Arif Habib Commodities CEO Ahsan Mehanti said gold prices had surged to record highs as strong safe-haven demand persisted following President Donald Trump’s threat to impose new tariffs on eight European countries amid his push to acquire Greenland. Also read: India’s gold demand to fall in 2026 as jewellery slump offsets investment rise Trump has repeatedly called for US control over Greenland, citing national security concerns related to Russia and China. Mehanti said gold prices were expected to rise further, driven by their safe-haven appeal, adding that not only were central banks increasing their holdings, but investors were also turning to gold to hedge against escalating geopolitical risks. Zaki ur Rehman, Chief Business Officer at the Pakistan Mercantile Exchange (PMEX) told Business Recorder gold prices were likely to remain elevated and volatile over the next six months. “While short-term corrections are possible, the overall bias remains upward due to global uncertainty, geopolitical risks, and expectations of monetary easing by major central banks.” Zaki further said rather than focusing on a precise price level, the market should expect range-bound upward movement with higher support levels, indicating sustained investor confidence in gold. [...]

Brent crude nears six-month high on Iran attack concerns
January 29, 2026 2:50
Brent crude nears six-month high on Iran attack concerns

LONDON: Brent oil futures prices jumped on Thursday, hitting a near six-month high on rising concerns about a possible US military attack on Iran, OPEC’s fourth-largest producer with output of 3.2 million barrels per day. “The immediate (market) concern … is the collateral damage done if Iran takes a swing at its neighbours or possibly even more tellingly, it closes the Strait of Hormuz to the 20 million barrels per day of oil that navigates it,” said PVM analyst John Evans. Brent crude futures were up $2.61, or 3.8%, to $71.01 a barrel at 1404 GMT, reaching its highest level since August 1. The contract is on track to rise over 16% in January, its biggest monthly increase in four years. US West Texas Intermediate crude was up $2.54, or 4%, to $65.75 a barrel. WTI futures earlier reached $65.80 a barrel, a four-month high, and were on track for a 14% monthly gain, the biggest since July 2023. US President Donald Trump has increased pressure on Tehran to end its nuclear programme, with threats of military strikes and the arrival of a US naval group in the region. Trump is considering options that include targeted strikes on security forces and leaders to inspire protesters to potentially topple Iran’s rulers, Reuters reported on Thursday, citing US sources familiar with the discussions. Some analysts are forecasting higher prices because of the Iranian concerns. “The potential for Iran getting hit has escalated the geopolitical premium of oil prices by potentially $3 to $4 (per barrel),” Citi analysts said in a note on Wednesday, adding that further geopolitical escalation could push prices to as high as $72 a barrel for Brent over the next three months. Elsewhere, the huge Tengiz oilfield in Kazakhstan is being restarted in stages after electrical fires cut output last week, with the aim to reach full production in a week. In the US, the world’s biggest oil producer and largest liquefied natural gas exporter, crude and gas producers were bringing wells back online after disruption from Winter Storm Fern over the weekend. “Disruptions in Kazakhstan (CPC terminal, Tengiz field force majeure) have removed significant number of barrels from the market, add up the cold weather in the US which disrupted – although temporarily – US crude production and suddenly the oil market is much tighter than expected,” UBS analyst Giovanni Staunovo said. [...]

Gulf bourses end lower on Iran jitters
January 29, 2026 2:43
Gulf bourses end lower on Iran jitters

Stock markets in the Gulf closed down on Thursday, as fears of a possible U.S. military action against Iran raised concerns that the region would bear the brunt of any Iranian retaliation. The deployment of a U.S. aircraft carrier and supporting warships to the Middle East this week has broadened U.S. President Donald Trump’s options for potential military action, following his repeated threats to intervene over Iran’s crackdown. Saudi Arabia’s benchmark index dropped 0.7%, ending a five-day winning streak, hit by a 1.3% fall in Al Rajhi Bank and a 2.6% slide in ACWA Power. Oil behemoth Saudi Aramco, however, gained 0.6%. Crude prices, a catalyst for the Gulf’s financial markets, hit a four-month high as Trump warned Iran of possible attacks if it did not make a deal on nuclear weapons. Most sectors were lower on the day, but the losses were contained by energy, with Aramco supported by rising oil prices, said Milad Azar, market analyst at XTB MENA. According to Azar, sentiment remains underpinned by fourth-quarter earnings and optimism ahead of next week’s opening of the market to foreign investors, leaving room for further gains on strong results, firmer oil, and solid non-oil fundamentals. Bank AlJazira advanced 4.2%, its biggest intraday gain in four months, after posting a strong increase in annual net profit and proposing a 0.50 riyal-per-share cash dividend for the second half — its first in three and a half years. In mid-January, Saudi Arabia, Qatar, Oman and Egypt urged Washington not to carry out a strike on Iran. Dubai’s main share index retreated 0.5%, weighed down by a 1.4% fall in toll operator Salik . In Abu Dhabi, the index lost 0.3%, with Abu Dhabi Commercial Bank falling 1.7%. After market hours, the lender reported a fourth-quarter net profit of 3.34 billion dirhams ($909.41 million), up from 2.57 billion dirhams a year ago. The UAE said on Monday it would not allow its airspace, territory, or waters to be used for hostile military action against Iran, reaffirming its neutrality and commitment to regional stability. The Qatari index finished 0.6% lower, with Qatar National Bank , the Gulf’s biggest lender by assets, sliding 1.3%. The Egyptian bourse was closed for a public holiday. Saudi Arabia fell 0.7% to 11,382Abu Dhabi dropped 0.3% to 10,364Dubai declined 0.5% to 6,482Qatar retreated 0.6% to 11,310Bahrain was down 0.4% to 2,044Oman lost 0.5% to 6,330Kuwait slipped 2% to 9,124 [...]

SBP-held reserves rise by $13m to $16.10 billion
January 29, 2026 2:23
SBP-held reserves rise by $13m to $16.10 billion

Pakistan’s foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $13 million during the week ended January 23, 2026, reaching $16.10 billion, according to data released on Thursday. The country’s total liquid foreign reserves stood at $21.29 billion as of January 23. A breakup of the reserves position shows that foreign reserves held by the SBP amounted to $16.10 billion, while net foreign reserves held by commercial banks were recorded at $5.19 billion. Read More: SBP-held foreign exchange reserves rise $16m to $16.07bn “During the week ended on 23-Jan-2026, SBP’s FX reserves increased by US$13 million to US$16,101.1 million,” the central bank said in its statement. In the previous weeks, SBP’s reserves had also posted marginal increases, reflecting a stable trend in the country’s external position. [...]

Pakistan, US explore setting up ADR center for corporate disputes
January 29, 2026 2:13
Pakistan, US explore setting up ADR center for corporate disputes

Pakistan and the United States (US) had discussed the establishment of a dedicated Alternative Dispute Resolution (ADR) Centre in Pakistan for financial disputes, drawing on international best practices, an official release said on Thursday. The development came as a delegation of the Commercial Law Development Program (CLDP) of the United States Department of Commerce visited the Securities and Exchange Commission of Pakistan (SECP) in Islamabad. The CLDP works with emerging economies to strengthen policy, legal, and regulatory frameworks that support trade, investment, and commercial activity through targeted technical assistance and institutional capacity-building. Also read: Dr Kabir Ahmed Sidhu assumes charge as SECP chairman “Both sides discussed the establishment of a dedicated Alternative Dispute Resolution Centre in Pakistan, drawing on international best practices. These included the Financial Industry Disputes Resolution Centre (FIDReC) model of Singapore, an independent and impartial institution that resolves consumer financial disputes through structured mediation and adjudication mechanisms,” the SECP said. “The delegation discussed cooperation on developing an effective system for the early and out-of-court resolution of corporate disputes to improve the business environment and enhance investor confidence.” SECP officials briefed the delegation on the commission’s mandate, regulatory framework, and supervisory role across Pakistan’s financial sector. Muzzafar Ahmed Mirza, Commissioner (Law), SECP, briefed the delegation on SECP’s ongoing and earlier initiatives to promote alternative dispute resolution. He highlighted existing mechanisms, including the Small Dispute Resolution Committee in the insurance sector. “Mirza also outlined SECP’s vision for expanding ADR frameworks to ensure timely, cost-effective, and efficient dispute resolution in the corporate and financial sectors.” Meanwhile, SECP chairman Dr Kabir Ahmed emphasised that effective ADR mechanisms could significantly reduce the burden on courts by resolving disputes efficiently, lowering costs for businesses, and improving ease of doing business. He expressed SECP’s willingness to work closely with CLDP to advance ADR reforms in Pakistan. Also read: Tax-related disputes: SOEs allowed to adopt ADR facility before litigation The CLDP delegation was led by Mr Zmarak Khan, Deputy Chief Counsel, and included Ms Alexa Black, International Program Specialist; Ms Aleena Nasir, Attorney Advisor (International); Ms Emily Rife, Expert and Senior Partner, CLDP; and Mr Dave Moora, Senior Partner, Impact Associates. [...]

Trump says US Fed should ‘substantially lower’ interest rates
January 29, 2026 2:03
Trump says US Fed should ‘substantially lower’ interest rates

WASHINGTON: US President Donald Trump slammed Federal Reserve Chair Jerome Powell’s monetary policy on Thursday, saying the central bank should “substantially” lower interest rates a day after it paused its series of cuts. The Fed voted 10-2 on Wednesday to keep the benchmark lending rate unchanged, prompting the US leader to renew his criticism of chairman Powell. “Jerome ‘Too Late’ Powell again refused to cut interest rates, even though he has absolutely no reason to keep them so high,” Trump wrote on his Truth Social platform. He called Powell a “moron,” adding: “The Fed should substantially lower interest rates, NOW!” READ MORE: Fed holds rates steady, sees ‘elevated’ inflation and stabilizing job market While Trump said that Powell “admits inflation is no longer a problem or threat,” the central bank in a statement Wednesday noted that “inflation remains somewhat elevated.” Trump’s lengthy social media post also comes as his administration has escalated attacks on the central bank. The president has been seeking to oust Fed Governor Lisa Cook over allegations of mortgage fraud, while the Department of Justice has launched a probe into Powell over renovations at the bank’s headquarters – prompting a rare rebuke from the Fed chief. [...]

KSE-100 sheds over 3% amid geopolitical uncertainty
January 29, 2026 1:40
KSE-100 sheds over 3% amid geopolitical uncertainty

The Pakistan Stock Exchange (PSX) witnessed heavy selling pressure throughout the session, with the benchmark KSE-100 dropping over 3% or 6,000 points on Thursday amid heightened geopolitical uncertainty and a recent uptick in oil prices. The benchmark index opened on a weak note and remained under pressure for most of the day, slipping steadily as investor sentiment deteriorated. Selling further intensified in the early afternoon, triggering a sharp drop, dragging the benchmark index to an intra-day low of 181,961.14, before a mild rebound helped trim some losses in the final hour of trading. At close, the KSE-100 settled at 182,338.12, a decrease of 6,042.26 points or 3.21%. Analysts attributed the selling pressure to rising tensions between US and Iran and an increase in global oil prices. “Geopolitical developments and the recent uptick in oil prices are reinforcing market expectations that interest rate easing will be delayed further due to elevated uncertainty,” Saad Hanif, Head of Research at Ismail Iqbal Securities, told Business Recorder. Apart from geopolitical tensions, the latest financial results of Fauji Fertilizers Limited were “below expectations”, said Sana Tawfik, Head of Research at Arif Habib Limited. “Across-the-board selling is observed due to uncertainty amid geopolitical issues,” she added. Meanwhile, Topline Securities said the steep decline was largely driven by Fauji Fertilizer Company’s (FFC) earnings announcement, which “fell short of market expectations due to weaker-than-anticipated gross margins”. “Furthermore, market speculation had fueled expectations of a stock split or bonus issue—neither of which materialised. This divergence between investor expectations and actual outcomes triggered panic selling, as participants rushed to lock in recent gains, exacerbating the downward momentum.” Heavyweight stocks including FFC, UBL, ENGROH, OGDC, and HUBC were the primary laggards, collectively shaving 3,155 points off the benchmark index during the session, Topline said. In another development, various trade bodies have expressed serious concern over the likely impact of the proposed India–European Union Free Trade Agreement (FTA) on the country’s textile and hosiery exports, warning that it would place Pakistan at a structural disadvantage despite its existing GSP+ status with the EU. On Wednesday, PSX closed the session marginally higher as select buying in energy, power generation and banking stocks helped benchmark indices end in positive territory, despite persistent volatility and broadly negative market breadth across cash and futures segments. The benchmark KSE-100 Index rose by 177.53 points, or 0.09%, to close at 188,380.39 points. Internationally, Asia’s runaway stock markets took a breather on Thursday as mixed earnings out of the tech sector ​stirred caution ahead of Apple’s results, while the dollar looked shaky despite verbal support from both US and European officials. Gold and silver climbed ‌to all-time highs as investors continued their rush into physical assets, and oil prices hit a four-month top as US President Donald Trump warned Iran of possible attacks if it did not make a deal on nuclear weapons. The US Federal Reserve kept interest rates on hold as widely expected, while Chair Jerome Powell talked of a “clearly improving” economic outlook and broad support on the committee for a pause. Powell would not be drawn on whether he would remain as a governor after he steps down as Chair in May, given Trump’s efforts ‌to pressure the Fed into more aggressive cuts. Investors reacted by further paring the chance of another policy easing by April ​to 26%, with June seen as the next likely window at 61%. Meanwhile, the Pakistani rupee registered marginal improvement against the US dollar in the inter-bank market on Thursday. At close, the local currency settled at 279.80, a gain of Re0.01 against the greenback. Volume on the all-share index decreased to 933.10 million from 953.92 million recorded in the previous close. The value of shares increased to Rs66.41 billion from Rs48.88 billion in the previous session. K-Electric Ltd was the volume leader with 104.16 million shares, followed by WorldCall Telecom with 48.36 million shares, and B.O.Punjab with 31.35 million shares. Shares of 487 companies were traded on Thursday, of which 83 registered an increase, 364 recorded a fall, and 40 remained unchanged. [...]

US move on Venezuela signals drift from WTO rules, experts warn
January 29, 2026 1:32
US move on Venezuela signals drift from WTO rules, experts warn

The rule-based world order under the World Trade Organisation (WTO) is being threatened as the US attack on Venezuela has been dubbed as the beginning of new world disorder violating basic norms of international law, experts have warned. In the first week of 2026, the US attacked Venezuela and deposed its long-serving President Nicolas Maduro, President Donald Trump said, in Washington’s most direct intervention in Latin America since the 1989 invasion of Panama. Economic strategist and regional expert Dr Mehmoodul Hassan Khan said, “the emerging global geopolitics, rise to power politics and reactivation of Cold War mentality has ruined the rule-based world order, which has directly damaged the strategic importance, scope, utility and productivity of the WTO”. “WTO is mandatory for peaceful conflict resolution and sitting at the apex of business, commercial, economic and industrial arbitration at international level. It acts like a guarantor of business ethics and anti-salvo to law of the jungle,” he maintained. Khan said the Global South consisting of developing and under developing countries and China has been advocating rule of the law, just global system, and multiculturalism. In this connection the Chinese President Xi Jinping has already announced Global Governance Initiative, supporting a new world order based on rules, laws and respect of the economic security, political sovereignty and social harmony. “China is the diehard supporter of the free, effective and transparent WTO,” Khan said. According to him, the US president’s move against Venezuelan Maduro was intended in part to counter China’s socio-economic influence. “It fears that the attack on Venezuela will have a cooling effect on Latin American engagement with China. According to many official figures, bilateral trade between Latin American region and China has more than doubled in the last decade, growing from $235.9 billion in 2015 to $518.47 billion in 2024.” According to many regional economists, he continued, the trade could exceed $700 billion by 2035. “China has now become the second largest trading partner of Latin America and the largest for countries like Brazil and Argentina.” Khan was of the view that the chessboard of international politics was still open to secure the lion’s share and China being the factory of the world should sincerely try to resolve the conflicting realities through dialogue, diplomacy and development, but US attack on Venezuela became the biggest setback to Global South, BRICS and even Shanghai Cooperation Organisation (SCO). The geopolitical readjustment of China & Russia and geostrategic strength of these international forums will decide the future and prospects of the Belt and Road Initiative (BRI) and the Chinese investments and role during 2026 and beyond. Also read: Saudi Arabia proposes to host WTO meeting in 2028 International trade expert Aadil Nakhoda said the use of sanctions on countries not compliant with US interests were likely to become more prominent. “Although, US has more control over the Venezuelan oil reserves, it is still not clear how the oil market will eventually react to the new situation in the long-run as sanctions continue to be imposed. There will be likely an ease on its trading but the mechanism behind it is not clear. “Protectionism and the retreat of the US from international organisations does signal challenges to their sustainability as effective organisations. However, smaller economies need such entities, while larger countries that support rule based trading will take a more prominent role. We may see organisational changes but not a complete abandoning of them,” he said. Commenting on future prospects of BRI and Chinese investments in Latin America during 2026, Nakhoda said that would likely continue as Brazil remained an important player and destination, while China would likely continue to push for a larger role in the region. [...]

Sri Lankan shares rise decline as industrial stocks weigh
January 29, 2026 1:12
Sri Lankan shares rise decline as industrial stocks weigh

Sri Lankan shares closed lower on Thursday, lifted by gains in industrial and consumer discretionary stocks. The CSE All-Share index declined nearly 0.4% to 23,900.89. On Wednesday, the index notched a 0.1% gain, helped by real estate stocks. Conglomerate Office Equipment and Kerner Haus Global Solutions were the biggest drags to the CSE All-Share index, sliding 12.9% and 7.5%, respectively. Trading volume dropped to 277.3 million shares from 347.1 million in the previous session. The equity market’s turnover dipped to 6.92 billion Sri Lankan rupees ($22.4 million), compared with 6.94 billion rupees in the previous session, according to exchange data. Foreign investors were net sellers of shares worth 76.4 million rupees in the equity market, while domestic investors were net buyers of shares worth 6.87 billion rupees, data showed. [...]

Asia rice: Thai, Vietnam prices firm; India rates steady on weak rupee
January 29, 2026 1:04
Asia rice: Thai, Vietnam prices firm; India rates steady on weak rupee

Prices of rice exported from Thailand edged higher this week, while Vietnam rates also rose on stronger orders from key buyers; Indian prices were steady as currency depreciation offset rising paddy costs. Thailand’s 5% broken rice was quoted at $390-$400 per tonne - its highest since December 24 - up from $380 last week. Traders said the price increase is due to stronger domestic prices, with exporters and rice mills waiting to assess the new crop, due to come to market soon. The exchange rate also played a small role in causing price fluctuations, the trader added. However, market demand remains subdued, with regular customers buying only small volumes, a rice trader said. On the supply side, production is expected to be good due to favorable water conditions, traders said. Vietnam’s 5% broken rice was offered at $360-$367 per metric ton on Thursday, compared with $360-$365 a week ago, according to traders. Asia rice: Indian rates edge lower amid rupee depreciation, subtle demand “Demand is stable and we are seeing more orders coming from key buyers such as the Philippines and Malaysia,” a trader based in Ho Chi Minh City said. “We are hearing that the Philippines will buy around 300,000 tons for February delivery,” the trader added. Preliminary shipping data showed 128,000 tons of rice is to be loaded at ports in southern Vietnam in the year to January 26, with most of the rice heading to the Philippines and Malaysia. India’s 5% broken parboiled variety was quoted at $351-$356 per ton this week, unchanged from the last week. Indian 5% broken white rice was priced at $348 to $353 per ton. Indian rupee fell to a record low on Thursday, increasing traders’ returns from the overseas sales. “The rupee is helping us remain competitive in an oversupplied market, but demand is still subdued,” said a Kolkata-based exporter. Domestic rice prices in Bangladesh remained elevated despite adequate stocks and imports, putting increased pressure on consumers. Last week, the government allowed private traders to import 200,000 metric tons of parboiled rice to prevent any price shocks, alongside government-level rice procurement. [...]

Tata Motors posts sharp fall in quarterly profit on demerger, labour-code charge
January 29, 2026 12:49
Tata Motors posts sharp fall in quarterly profit on demerger, labour-code charge

India’s top commercial vehicle maker Tata Motors reported a 60.4% decline in quarterly profit on Thursday, hurt by one-time charges related to demerger costs and new labour codes, while revenue grew 20% on tax-cut-driven demand. The truck and bus manufacturer reported a profit of 5.61 billion Indian rupees ($61 million) for the quarter to December 31, down from 14.17 billion Indian rupees a year earlier. The company took a one-time hit of 15.45 billion Indian rupees, with 9.62 billion Indian rupees tied to demerger costs and 5.74 billion Indian rupee impact from the labour codes. Tata Motors split from the group’s passenger vehicles arm in October last year and made its trading debut as a separate entity in November. Profit excluding taxes and the one-time charges jumped 45% to 23.18 billion Indian rupees. India to slash tariffs on high-end EU cars to 30% in boost for luxury carmakers Sales get tax-cut boost Sales of commercial vehicles got a shot in the arm after India in late September cut taxes on such vehicles to 18% from 28% earlier. Commercial vehicles are used for a wide range of activities, from construction and freight to public transport and mining. Lower prices helped fleet operators go for long-delayed replacement of older vehicles, analysts have said. The tax cuts helped boost domestic sales of commercial vehicles by 22% during the December quarter, with Tata’s rising 18%. The company’s overall sales grew 21% in the October-December period, boosting revenue to 203.15 billion Indian rupees from 168.97 billion Indian rupees the year before. Demand is expected to strengthen in the fourth quarter across most segments, the company said in a press release. Shares of the company closed 0.5% higher before the results. [...]

India bonds steady before budget, RBI action offsets impact of Indian rupee fall
January 29, 2026 12:39
India bonds steady before budget, RBI action offsets impact of Indian rupee fall

MUMBAI: India’s 10-year benchmark government bond ended little changed on Thursday, with the central bank’s bond purchases helping offset pressure from the Indian rupee’s fall to a record low, while traders awaited the federal budget on Sunday. Analysts point to the possibility of a record state and central government borrowing in 2026–27, at around 30 trillion Indian rupees. The benchmark 10-year 6.48% 2035 bond yield settled at 6.6984%, versus 6.7026% on Wednesday. Bond yields rise when prices fall. India’s economic survey, unveiled on Thursday, forecasts economic growth of between 6.8% and 7.2% in the fiscal year starting in April, a slowdown from this fiscal year’s 7.4% projection. The 10-year yield see-sawed through the session amid caution that Reserve Bank of India’s efforts to support the Indian rupee could temper the impact of its cash infusions. The Indian rupee hit a lifetime low of 91.9850 per dollar in early trade, while the RBI likely intervened to hold it above the psychologically key 92 level. “The bond market’s fortunes are now inextricably linked to the Indian rupee,” said Vivek Kumar, an economist at QuantEco Research. “When the Indian rupee depreciates, they (the RBI) are intervening and sucking out liquidity and then doing OMOs to make up for part of the liquidity loss.” Banking system liquidity surplus has averaged about 0.2% of banks’ net demand and time liabilities this month, versus the RBI Governor’s stated preference to keep surplus within 0.6%–1% of deposits. Separately, New Delhi is set to sell 320 billion Indian rupees of the benchmark bond at an auction on Friday, which will keep the note under pressure. Rates India’s overnight index swap curve continued to steepen ahead of RBI policy announcement next week. The one-year OIS rate inched lower to 5.57%, while the two-year dipped 1.5 bps to 5.7150%. The five-year OIS rate was steady at 6.1550%. [...]

US trade returns to wider deficit in November as imports rise
January 29, 2026 4:00
US trade returns to wider deficit in November as imports rise

WASHINGTON: The US trade deficit sharply widened in November as imports picked up, according to government data released Thursday, reversing an unexpectedly big pullback in the prior month lauded by President Donald Trump. The trade gap surged by 94.6 percent in November to $56.8 billion, Commerce Department data showed, bringing it close to levels seen in June and August last year. The shift reflected fluctuations in goods like gold and pharmaceuticals, in a year already marked by major swings in trade due to Trump’s sweeping tariffs. In November, US imports increased by 5.0 percent to $348.9 billion, while exports slipped 3.6 percent to $292.1 billion. READ MORE; US trade gap shrinks to smallest since 2009 as imports fall Analysts generally expected the deficit to grow, but Thursday’s expansion was more than the $42.9 billion projected by surveys of Dow Jones Newswires and The Wall Street Journal. Earlier this month, Trump was quick to tout a plunge in the trade deficit to its lowest since 2009, attributing it – and the country’s economic growth – to the success of his tariffs. But economists have noted that the export rise in October, which helped narrow the deficit, was significantly influenced by trade in gold. Pharmaceuticals were also a major contributor to declining imports that month. ‘Historically normal’ After October’s “remarkably narrow” deficit, the gap expanded “to a more historically normal” level in November, said Nationwide financial market economist Oren Klachkin. Trade in the fourth quarter of 2025 has seen massive swings on a few key drivers, Klachkin added. These included sharp moves in just a few components like precious metals, a return to normalcy after trade ramp-ups to avoid tariffs, and strong imports fueled by AI investment, he said. KPMG senior economist Meagan Schoenberger added: “The boomerang in the trade deficit from October to November was large, but not surprising.” “High-frequency data from the end of the year showed healthier imports going into December, meaning that the narrowing of the trade deficit we have experienced in the wake of the front-running of tariffs may be fading,” she warned. This also signals that easier supply chain adjustments, including shifts towards domestic manufacturers, have taken place, she said. US trade figures have been heavily swayed by Trump’s tariffs in the past year, as companies rushed to stock up on inventory ahead of planned hikes in levies. In November, goods exports dropped $11.1 billion. Among categories, industrial supplies and materials fell – including nonmonetary gold. Goods imports picked up by $16.8 billion, with increases seen in consumer products, and capital goods such as computers and semiconductors, the Commerce Department said. [...]

Air India orders 30 Boeing MAX jets
January 29, 2026 3:29
Air India orders 30 Boeing MAX jets

BENGALURU: Air India said on Thursday it would purchase 30 more Boeing 737 MAX aircraft, as part of an ambitious overhaul of its fleet. The former national carrier has carried out an aggressive modernisation since Tata Group took over in 2022 – ordering hundreds of new planes and also upgrading its ageing aircraft to revive its global presence. The latest additions bring the total number of Boeing aircraft orders to 250, the airline said in a statement. Air India’s chief executive Campbell Wilson said the new planes will help “position Air India… as a world class global carrier”. READ MORE: Boeing reports 1st annual profit since 2018 on asset sale The announcement comes seven months after an Air India Boeing 787-8 Dreamliner crashed in the western state of Gujarat, killing all 260 people on board. Air India’s international network spans 31 countries across five continents, linking India with major destinations in North America, Europe and the Asia-Pacific. The order is a shot in the arm for US manufacturer Boeing, which on Tuesday reported its first annual profit since 2018 following gains from an asset sale. The company said improved quality controls had enabled it to increase aircraft production. Boeing posted a full year profit of $1.9 billion for 2025, compared with a loss of $11.9 billion in 2024. [...]

Bangladesh-Pakistan flights resume after 14 years
January 29, 2026 3:25
Bangladesh-Pakistan flights resume after 14 years

DHAKA: Direct flights between Bangladesh and Pakistan resumed on Thursday after more than a decade, as ties warm between the two nations that have long had an uneasy relationship. Bangladesh and Pakistan – geographically divided by about 1,500 kilometres (930 miles) of Indian territory – were once one nation. They split after a bitter war in 1971. Since 2012, travellers between Bangladesh and Pakistan had to use connecting flights through Gulf hubs such as Dubai and Doha. On Thursday national carrier Biman Bangladesh Airlines departed for the Pakistani city of Karachi, the first regular flight since 2012. Mohammad Shahid, one of 150 Karachi-bound passengers on board, said he was happy to be able to travel more frequently than before, when he could only make the journey once every two or three years. READ MORE: Direct Bangladesh-Pakistan flights to resume after 14 years “We had been waiting for such an opportunity because we travel continuously,” he told AFP in Dhaka. “There are so many people waiting in Pakistan to come here, and some waiting here to go there.” Direct flights will now operate twice weekly. Biman said in a statement that their resumption would “play a significant role in promoting trade and commerce, expanding educational exchanges, and fostering cultural ties between the two countries”. Ties with fellow Muslim-majority nation Pakistan have warmed since a student-led revolt in Bangladesh overthrew Sheikh Hasina in 2024, ending her autocratic 15-year rule. Over the same period, relations between Bangladesh and Hasina’s old ally India have turned frosty. Cargo ships resumed sailing from Karachi to Bangladesh’s key port of Chittagong in November 2024. Trade has risen since then and cultural ties have grown, with popular Pakistani singers performing in Dhaka, while Bangladeshi patients have travelled to Pakistan for medical care. [...]

Rupee inches up against US dollar
January 29, 2026 3:25
Rupee inches up against US dollar

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279.87, 279.86, 279.85, 279.82, 279.81, 279.80 ], borderColor: 'black', borderWidth: 1, fill: false, pointRadius: 3 }] }, options: { responsive: true, plugins: { legend: { display: false } }, scales: { x: { title: { display: true, text: 'Date' } }, y: { title: { display: true, text: 'Closing Rate' } } } } }); The Pakistani rupee registered marginal improvement against the US dollar in the inter-bank market on Thursday. At close, the local currency settled at 279.80, a gain of Re0.01 against the greenback. On Wednesday, the local unit closed at 279. 81. Internationally, the US dollar remained on shaky ground on Thursday, as uncertainty ​over US economic policies and geopolitical moves were only partially offset by supportive comments from the White House ‌and European officials following a rout in the currency. On the monetary policy front, the Federal Reserve struck a more sanguine tone on the US labour market and inflation risks overnight, which investors took to imply that rates could be on hold for longer. The dollar was in free fall earlier this week and hit a four-year low after US President Donald Trump seemed to shrug off the currency’s weakness, though it found a ‌floor after Treasury Secretary Scott Bessent said a day later that Washington has a strong-dollar policy. The dollar selloff from earlier this week had been the sharpest since Trump’s tariff blitz rocked markets last April. Already down 2% for the year, its weakness has been driven by concern over Trump’s erratic policymaking, attacks on the Fed and what it could mean ⁠for the rate outlook and, most ⁠recently, signals on Friday that the US ​was willing to sell dollars to help Japan boost the yen. Against a basket of currencies, the dollar was at 96.24, languishing near Tuesday’s four-year low of 95.566. Oil prices, a key indicator of currency parity, jumped on Thursday, hitting a near six-month high on rising concerns about a possible US military attack on Iran, OPEC’s fourth-largest producer with output of 3.2 million barrels per day. Brent crude futures were up $2.61, or 3.8%, to $71.01 a barrel at 1404 GMT, reaching its highest level since August 1. The contract is on track to rise over 16% in January, its biggest monthly increase in four years. US West Texas Intermediate crude was up $2.54, or 4%, to $65.75 a barrel. WTI futures earlier reached $65.80 a barrel, a four-month high, and were on track for a 14% monthly gain, the biggest since July 2023. Inter-bank market rates for dollar on Thursday BID Rs 279.80 OFFER Rs 280.00 Open-market movement In the open market, the PKR gained 10 paise for buying and remained unchanged for selling against USD, closing at 280.13 and 280.88, respectively. Against Euro, the PKR gained 41 paise for buying and 26 paise for selling, closing at 334.85 and 338.26, respectively. Against UAE Dirham, the PKR remained unchanged for buying and gained 1 paisa for selling, closing at 76.50 and 77.30, respectively. Against Saudi Riyal, the PKR gained 1 paisa for buying and remained unchanged for selling, closing at 74.80 and 75.42, respectively. Open-market rates for dollar on Thursday BID Rs 280.13 OFFER Rs 280.88 [...]

US stocks dip as Meta surges while Microsoft slumps
January 29, 2026 3:21
US stocks dip as Meta surges while Microsoft slumps

WASHINGTON: Wall Street stocks dipped early Thursday following diverging reactions to earnings from tech giants Microsoft and Facebook parent Meta Platforms. Shares of Meta jumped about eight percent after strong results boosted confidence in the company’s aggressive artificial intelligence push, while Microsoft tumbled about 10 percent as surging AI spending rattled investors. About 20 minutes into trading, the Dow Jones Industrial Average was down less than 0.1 percent at 49,004.48. READ MORE; US stocks mixed amid earnings deluge The broad-based S&P 500 declined 0.4 percent to 6,951.01, while the tech-rich Nasdaq Composite Index dropped 1.0 to 23,625.19. With AI, “initially, a rising tide lifted all boats,” said CFRA Research’s Sam Stovall. “But this time around, investors will look at stocks on a company-by-company basis because not all are benefiting now at the same rate of pace.” US government data showed lower jobless claims, reinforcing confidence in the employment market a day after the Federal Reserve kept interest rates unchanged. [...]

Bullish outlook: gold expected to stay strong in Pakistan
January 29, 2026 3:19
Bullish outlook: gold expected to stay strong in Pakistan

Gold prices in Pakistan are seen remaining high over the next six months, underpinned by a bullish global outlook and sustained safe-haven demand. The yellow metal extended its record-breaking rally on Thursday and was on track for its best monthly performance since 1973 in the international market, as rising economic and geopolitical uncertainties drove investors to the safe-haven metal, while silver hit a record above $120/oz. Spot gold was 2.1% higher at $5,514.03 an ounce by 08:52 am ET (1352 GMT), after earlier touching $5,594.82. Gold has gained over 28% so far this month. The US Federal Reserve left rates unchanged on Wednesday, as investors awaited Trump’s announcement of a replacement for central bank chair Jerome Powell, whose term ends in May. Markets expect the central bank to next trim rates in June. In Pakistan, gold prices set another record high, with the per tola rate reaching Rs572,862 after a record single-day gain of Rs21,200. Talking to Business Recorder, Abdullah Abdul Razzak Chand, President Society Jewellers Welfare Association Tariq Road, said escalating tensions between the US and the European Union over the Greenland issue were a key factor driving the surge in gold prices. “If geopolitical conditions worsen, the price of the safe-haven asset could cross Rs600,000 per tola,” he said. Policy Research & Advisory Council’s (PRAC) Head of Research Dr Usama Ehsan Khan told Business Recorder gold prices closely track international rates but were also affected by currency movements. “Even a modest global increase can translate into a double-digit rise in local prices if the rupee remains under pressure,” he said. “The massive surge in price of gold is the result of several reinforcing factors. Globally, geopolitical tensions, concerns about economic slowdown, and expectations of interest-rate cuts in major economies have increased demand for safe-haven assets. “Historically, gold tends to perform well when real interest rates are low, and current market expectations strongly favor monetary easing”, Khan said. Arif Habib Commodities CEO Ahsan Mehanti said gold prices had surged to record highs as strong safe-haven demand persisted following President Donald Trump’s threat to impose new tariffs on eight European countries amid his push to acquire Greenland. Also read: India’s gold demand to fall in 2026 as jewellery slump offsets investment rise Trump has repeatedly called for US control over Greenland, citing national security concerns related to Russia and China. Mehanti said gold prices were expected to rise further, driven by their safe-haven appeal, adding that not only were central banks increasing their holdings, but investors were also turning to gold to hedge against escalating geopolitical risks. Zaki ur Rehman, Chief Business Officer at the Pakistan Mercantile Exchange (PMEX) told Business Recorder gold prices were likely to remain elevated and volatile over the next six months. “While short-term corrections are possible, the overall bias remains upward due to global uncertainty, geopolitical risks, and expectations of monetary easing by major central banks.” Zaki further said rather than focusing on a precise price level, the market should expect range-bound upward movement with higher support levels, indicating sustained investor confidence in gold. [...]

PM Shehbaz, Iranian president discuss regional situation
January 29, 2026 3:09
PM Shehbaz, Iranian president discuss regional situation

Prime Minister Shehbaz Sharif held a telephone conversation with Iranian President Dr Masoud Pezeshkian on Thursday, during which the two leaders exchanged views on the evolving regional situation. According to a statement issued by the Prime Minister’s Office, Prime Minister Shehbaz underscored the importance of sustained dialogue and diplomatic engagement to promote peace, security and development in the region. READ MORE: Iran thanks Pakistan for historic support at UNHRC The two leaders also reflected on the close and fraternal ties between Pakistan and Iran, rooted in shared history, culture, and faith. Both sides reaffirmed their commitment to maintaining regular high-level engagements and consultations through bilateral institutional mechanisms, with a view to further strengthening cooperation across the full spectrum of bilateral relations, the statement said. The development comes amid ongoing tensions between the United States and Iran. According to Reuters, US President Donald Trump is weighing options against Iran that include targeted strikes on security forces and leaders to inspire protesters, multiple sources said, even as Israeli and Arab officials said air power alone would not topple the clerical rulers. Two US sources familiar with the discussions said Trump wanted to create conditions for “regime change” after a crackdown crushed a nationwide protest movement earlier this month, killing thousands of people. To do so, he was looking at options to hit commanders and institutions Washington holds responsible for the violence, to give protesters the confidence that they could overrun government and security buildings, they said. One of the US sources said the options being discussed by Trump’s aides also included a much larger strike intended to have lasting impact, possibly against the ballistic missiles that can reach US allies in the Middle East or its nuclear enrichment programmes. Limits of air power A senior Israeli official with direct knowledge of planning between Israel and the United States told Reuters Israel does not believe airstrikes alone can topple the Islamic Republic, if that is Washington’s goal. “If you’re going to topple the regime, you have to put boots on the ground,” he said, noting that even if the United States killed Supreme Leader Ayatollah Ali Khamenei, Iran would “have a new leader that will replace him.” Only a combination of external pressure and an organised domestic opposition could shift Iran’s political trajectory, the official said. The Israeli official said Iran’s leadership had been weakened by the unrest but remained firmly in control despite the ongoing deep economic crisis that sparked the protests. Multiple US intelligence reports reached a similar conclusion, that the conditions that led to the protests were still in place, weakening the government, but without major fractures, two people familiar with the matter said. The Western source said they believed Trump’s goal appeared to be to engineer a change in leadership, rather than “topple the regime,” an outcome that would be similar to Venezuela, where US intervention replaced the president without a wholesale change of government. Khamenei has publicly acknowledged several thousand deaths during the protests. He blamed the unrest on the United States, Israel and what he called “seditionists.” Khamenei accuses Trump of inciting deadly protests US-based rights group HRANA has put the unrest-related death toll at 5,937, including 214 security personnel, while official figures put the death toll at 3,117. Reuters has been unable to independently verify the numbers. Regional blowback Gulf states - long‑time U.S. allies and hosts to major American bases- fear they would be the first targets for Iranian retaliation that could include Iranian missiles or drone attacks from the Tehran-aligned Houthis in Yemen. Saudi Arabia, Qatar, Oman and Egypt have lobbied Washington against a strike on Iran. Saudi Crown Prince Mohammed bin Salman has told Iranian President Masoud Pezeshkian that Riyadh will not allow its airspace or territory to be used for military actions against Tehran. “The United States may pull the trigger,” one of the Arab sources said, “but it will not live with the consequences. We will.” Mohannad Hajj-Ali of the Carnegie Middle East Center said the U.S. deployments suggest planning has shifted from a single strike to something more sustained, driven by a belief in Washington and Jerusalem that Iran could rebuild its missile capabilities and eventually weaponise its enriched uranium. The most likely outcome is a “grinding erosion - elite defections, economic paralysis, contested succession - that frays the system until it snaps,” analyst Vatanka said. [...]

Pakistan end seven-year T20I drought against Australia with Lahore win
January 29, 2026 3:06
Pakistan end seven-year T20I drought against Australia with Lahore win

Pakistan defeated Australia by 22 runs in the first T20I at Lahore on Thursday, registering their first T20I victory over Australia in more than seven years — a gap of 2,650 days. The win was set up by an all-round display from Saim Ayub, who scored 40 off 22 balls and returned figures of 2 for 29, earning him the Player of the Match award. Batting first, Pakistan posted 168 for 8 on a surface that became increasingly difficult for stroke-making. After a brisk start, Pakistan slowed in the middle overs as the ball softened, with Adam Zampa claiming 4 for 24 to keep Australia in the contest. Chasing 169, Australia were restricted to 146 for 8 despite Cameron Green’s 36 and an unbeaten 34 from Xavier Bartlett. Pakistan’s spin trio proved decisive, led by Abrar Ahmed, who took 2 for 10, as Australia struggled to accelerate. READ MORE: Agha calls for focus beyond Babar Azam ahead of T20I series Pakistan captain Salman Agha said the pitch played a major role after the powerplay. “It was a great game. We started well with the bat but couldn’t finish the way we wanted,” Salman said. “After the first ten overs, the ball stopped coming onto the bat. But I felt 170 was enough on this pitch because our spin bowling is outstanding.” He confirmed he will continue batting at number three, citing the team’s strategy against spin-heavy attacks, and praised Abrar Ahmed and the spin unit for consistently delivering match-winning performances. Australia captain Travis Head said his side felt they were still in the game at the halfway stage. “As the ball got softer, it became harder to score, so we felt we were right in it,” Head said. “There are positives — Bartlett bowled well, Zampa did his thing — but also areas we need to improve.” READ MORE: T20 World Cup 2026: dates, past winners and prize money Saim Ayub said Pakistan’s plans were clear with both bat and ball. “Our goal in the powerplay was to dominate sensibly,” he said. “With the ball, we focused on hitting good lengths consistently, knowing it wouldn’t be easy to score.” The result gives Pakistan a 1-0 lead in the three-match T20I series and marks a rare and significant win over Australia in the shortest format. [...]

Gulf bourses end lower on Iran jitters
January 29, 2026 2:43
Gulf bourses end lower on Iran jitters

Stock markets in the Gulf closed down on Thursday, as fears of a possible U.S. military action against Iran raised concerns that the region would bear the brunt of any Iranian retaliation. The deployment of a U.S. aircraft carrier and supporting warships to the Middle East this week has broadened U.S. President Donald Trump’s options for potential military action, following his repeated threats to intervene over Iran’s crackdown. Saudi Arabia’s benchmark index dropped 0.7%, ending a five-day winning streak, hit by a 1.3% fall in Al Rajhi Bank and a 2.6% slide in ACWA Power. Oil behemoth Saudi Aramco, however, gained 0.6%. Crude prices, a catalyst for the Gulf’s financial markets, hit a four-month high as Trump warned Iran of possible attacks if it did not make a deal on nuclear weapons. Most sectors were lower on the day, but the losses were contained by energy, with Aramco supported by rising oil prices, said Milad Azar, market analyst at XTB MENA. According to Azar, sentiment remains underpinned by fourth-quarter earnings and optimism ahead of next week’s opening of the market to foreign investors, leaving room for further gains on strong results, firmer oil, and solid non-oil fundamentals. Bank AlJazira advanced 4.2%, its biggest intraday gain in four months, after posting a strong increase in annual net profit and proposing a 0.50 riyal-per-share cash dividend for the second half — its first in three and a half years. In mid-January, Saudi Arabia, Qatar, Oman and Egypt urged Washington not to carry out a strike on Iran. Dubai’s main share index retreated 0.5%, weighed down by a 1.4% fall in toll operator Salik . In Abu Dhabi, the index lost 0.3%, with Abu Dhabi Commercial Bank falling 1.7%. After market hours, the lender reported a fourth-quarter net profit of 3.34 billion dirhams ($909.41 million), up from 2.57 billion dirhams a year ago. The UAE said on Monday it would not allow its airspace, territory, or waters to be used for hostile military action against Iran, reaffirming its neutrality and commitment to regional stability. The Qatari index finished 0.6% lower, with Qatar National Bank , the Gulf’s biggest lender by assets, sliding 1.3%. The Egyptian bourse was closed for a public holiday. Saudi Arabia fell 0.7% to 11,382Abu Dhabi dropped 0.3% to 10,364Dubai declined 0.5% to 6,482Qatar retreated 0.6% to 11,310Bahrain was down 0.4% to 2,044Oman lost 0.5% to 6,330Kuwait slipped 2% to 9,124 [...]

SBP-held reserves rise by $13m to $16.10 billion
January 29, 2026 2:23
SBP-held reserves rise by $13m to $16.10 billion

Pakistan’s foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $13 million during the week ended January 23, 2026, reaching $16.10 billion, according to data released on Thursday. The country’s total liquid foreign reserves stood at $21.29 billion as of January 23. A breakup of the reserves position shows that foreign reserves held by the SBP amounted to $16.10 billion, while net foreign reserves held by commercial banks were recorded at $5.19 billion. Read More: SBP-held foreign exchange reserves rise $16m to $16.07bn “During the week ended on 23-Jan-2026, SBP’s FX reserves increased by US$13 million to US$16,101.1 million,” the central bank said in its statement. In the previous weeks, SBP’s reserves had also posted marginal increases, reflecting a stable trend in the country’s external position. [...]

Afghanistan launches $100 million food security programme as crisis deepens
January 29, 2026 2:18
Afghanistan launches $100 million food security programme as crisis deepens

KABUL: Afghanistan will roll out a $100 million food security project, the United Nations said on Thursday, as it contends with a worsening hunger crisis driven by mass deportations of Afghans from neighbouring states, foreign aid cuts and economic crisis. Afghanistan’s humanitarian situation is deteriorating sharply, with millions pushed into hunger by the loss of remittances, limited job opportunities and a sharp reduction in international assistance. The two-year programme, backed by the United Nations and Asian Development Bank, will support more than 151,000 families, including Afghan returnees from Iran and Pakistan as well as people affected by recent earthquakes and floods. Three-month border closure cripples Pakistan’s $200m medicine exports to Afghanistan The director of the UN’s Food and Agriculture Organization, Qu Dongyu, said the project would address immediate food security needs but also aim to close Afghanistan’s food production gap and create space for private sector recovery. The FAO warned in a report that 17.4 million people are projected to face acute food insecurity in 2026, with 4.7 million affected by acute malnutrition. More than 2.5 million Afghans have been expelled from Iran and Pakistan over the past year, according to the World Food Programme, swelling Afghanistan’s population by roughly a tenth and cutting off remittance income for many families. Kazakhstan set to step up efforts to help resolve Pak-Afghan tensions Aid agencies say winter conditions, scarce jobs and funding shortfalls have further strained households, with the WFP warning that last year marked the biggest surge in malnutrition ever recorded in Afghanistan and that conditions are likely to worsen in 2026. [...]

Pakistan, US explore setting up ADR center for corporate disputes
January 29, 2026 2:13
Pakistan, US explore setting up ADR center for corporate disputes

Pakistan and the United States (US) had discussed the establishment of a dedicated Alternative Dispute Resolution (ADR) Centre in Pakistan for financial disputes, drawing on international best practices, an official release said on Thursday. The development came as a delegation of the Commercial Law Development Program (CLDP) of the United States Department of Commerce visited the Securities and Exchange Commission of Pakistan (SECP) in Islamabad. The CLDP works with emerging economies to strengthen policy, legal, and regulatory frameworks that support trade, investment, and commercial activity through targeted technical assistance and institutional capacity-building. Also read: Dr Kabir Ahmed Sidhu assumes charge as SECP chairman “Both sides discussed the establishment of a dedicated Alternative Dispute Resolution Centre in Pakistan, drawing on international best practices. These included the Financial Industry Disputes Resolution Centre (FIDReC) model of Singapore, an independent and impartial institution that resolves consumer financial disputes through structured mediation and adjudication mechanisms,” the SECP said. “The delegation discussed cooperation on developing an effective system for the early and out-of-court resolution of corporate disputes to improve the business environment and enhance investor confidence.” SECP officials briefed the delegation on the commission’s mandate, regulatory framework, and supervisory role across Pakistan’s financial sector. Muzzafar Ahmed Mirza, Commissioner (Law), SECP, briefed the delegation on SECP’s ongoing and earlier initiatives to promote alternative dispute resolution. He highlighted existing mechanisms, including the Small Dispute Resolution Committee in the insurance sector. “Mirza also outlined SECP’s vision for expanding ADR frameworks to ensure timely, cost-effective, and efficient dispute resolution in the corporate and financial sectors.” Meanwhile, SECP chairman Dr Kabir Ahmed emphasised that effective ADR mechanisms could significantly reduce the burden on courts by resolving disputes efficiently, lowering costs for businesses, and improving ease of doing business. He expressed SECP’s willingness to work closely with CLDP to advance ADR reforms in Pakistan. Also read: Tax-related disputes: SOEs allowed to adopt ADR facility before litigation The CLDP delegation was led by Mr Zmarak Khan, Deputy Chief Counsel, and included Ms Alexa Black, International Program Specialist; Ms Aleena Nasir, Attorney Advisor (International); Ms Emily Rife, Expert and Senior Partner, CLDP; and Mr Dave Moora, Senior Partner, Impact Associates. [...]

Trump says US Fed should ‘substantially lower’ interest rates
January 29, 2026 2:03
Trump says US Fed should ‘substantially lower’ interest rates

WASHINGTON: US President Donald Trump slammed Federal Reserve Chair Jerome Powell’s monetary policy on Thursday, saying the central bank should “substantially” lower interest rates a day after it paused its series of cuts. The Fed voted 10-2 on Wednesday to keep the benchmark lending rate unchanged, prompting the US leader to renew his criticism of chairman Powell. “Jerome ‘Too Late’ Powell again refused to cut interest rates, even though he has absolutely no reason to keep them so high,” Trump wrote on his Truth Social platform. He called Powell a “moron,” adding: “The Fed should substantially lower interest rates, NOW!” READ MORE: Fed holds rates steady, sees ‘elevated’ inflation and stabilizing job market While Trump said that Powell “admits inflation is no longer a problem or threat,” the central bank in a statement Wednesday noted that “inflation remains somewhat elevated.” Trump’s lengthy social media post also comes as his administration has escalated attacks on the central bank. The president has been seeking to oust Fed Governor Lisa Cook over allegations of mortgage fraud, while the Department of Justice has launched a probe into Powell over renovations at the bank’s headquarters – prompting a rare rebuke from the Fed chief. [...]

Ukraine contacted Musk’s SpaceX over Russian drones using Starlink
January 29, 2026 2:00
Ukraine contacted Musk’s SpaceX over Russian drones using Starlink

KYIV: Ukraine’s Defence Minister Mykhailo Fedorov said on Thursday Kyiv was in contact with Elon Musk’s SpaceX over allegations that Russian drones were using internet from Starlink satellites during attacks on Ukrainian cities. “Within hours of Russian drones with Starlink connectivity appearing over Ukrainian cities, the Ministry of Defence team promptly contacted SpaceX and proposed ways to resolve the problem,” Fedorov said on social media. “I’m grateful to SpaceX President Gwynne Shotwell and personally to Elon Musk for their swift response.” Fedorov and the US-based Institute for the Study of War said earlier this week that the Russian army used Starlink satellites to guide its drone attacks deep into Ukraine. READ MORE: Fresh Russian strikes kill three in Ukraine Russia has been battering the country’s energy grid as temperatures tumble below freezing and the invasion’s fourth anniversary looms. The ISW said that “Russian forces are increasingly using Starlink satellite systems to extend the range of BM-35 strike drones to conduct mid-range strikes against the Ukrainian rear”. Starlink is also widely used by the Ukrainian army for communications. “Elon Musk’s decision to urgently activate Starlink and send the first batch of terminals to Ukraine at the start of the full-scale invasion was critically important for our country’s resilience,” Fedorov said. “Western technologies must continue to support the democratic world and protect civilians, not be used for terror and the destruction of peaceful cities.” [...]

US move on Venezuela signals drift from WTO rules, experts warn
January 29, 2026 1:32
US move on Venezuela signals drift from WTO rules, experts warn

The rule-based world order under the World Trade Organisation (WTO) is being threatened as the US attack on Venezuela has been dubbed as the beginning of new world disorder violating basic norms of international law, experts have warned. In the first week of 2026, the US attacked Venezuela and deposed its long-serving President Nicolas Maduro, President Donald Trump said, in Washington’s most direct intervention in Latin America since the 1989 invasion of Panama. Economic strategist and regional expert Dr Mehmoodul Hassan Khan said, “the emerging global geopolitics, rise to power politics and reactivation of Cold War mentality has ruined the rule-based world order, which has directly damaged the strategic importance, scope, utility and productivity of the WTO”. “WTO is mandatory for peaceful conflict resolution and sitting at the apex of business, commercial, economic and industrial arbitration at international level. It acts like a guarantor of business ethics and anti-salvo to law of the jungle,” he maintained. Khan said the Global South consisting of developing and under developing countries and China has been advocating rule of the law, just global system, and multiculturalism. In this connection the Chinese President Xi Jinping has already announced Global Governance Initiative, supporting a new world order based on rules, laws and respect of the economic security, political sovereignty and social harmony. “China is the diehard supporter of the free, effective and transparent WTO,” Khan said. According to him, the US president’s move against Venezuelan Maduro was intended in part to counter China’s socio-economic influence. “It fears that the attack on Venezuela will have a cooling effect on Latin American engagement with China. According to many official figures, bilateral trade between Latin American region and China has more than doubled in the last decade, growing from $235.9 billion in 2015 to $518.47 billion in 2024.” According to many regional economists, he continued, the trade could exceed $700 billion by 2035. “China has now become the second largest trading partner of Latin America and the largest for countries like Brazil and Argentina.” Khan was of the view that the chessboard of international politics was still open to secure the lion’s share and China being the factory of the world should sincerely try to resolve the conflicting realities through dialogue, diplomacy and development, but US attack on Venezuela became the biggest setback to Global South, BRICS and even Shanghai Cooperation Organisation (SCO). The geopolitical readjustment of China & Russia and geostrategic strength of these international forums will decide the future and prospects of the Belt and Road Initiative (BRI) and the Chinese investments and role during 2026 and beyond. Also read: Saudi Arabia proposes to host WTO meeting in 2028 International trade expert Aadil Nakhoda said the use of sanctions on countries not compliant with US interests were likely to become more prominent. “Although, US has more control over the Venezuelan oil reserves, it is still not clear how the oil market will eventually react to the new situation in the long-run as sanctions continue to be imposed. There will be likely an ease on its trading but the mechanism behind it is not clear. “Protectionism and the retreat of the US from international organisations does signal challenges to their sustainability as effective organisations. However, smaller economies need such entities, while larger countries that support rule based trading will take a more prominent role. We may see organisational changes but not a complete abandoning of them,” he said. Commenting on future prospects of BRI and Chinese investments in Latin America during 2026, Nakhoda said that would likely continue as Brazil remained an important player and destination, while China would likely continue to push for a larger role in the region. [...]

Punjab by-polls: Notices served on minister, SAPM for 'violating' election code of conduct
November 21, 2025 1:33
Punjab by-polls: Notices served on minister, SAPM for 'violating' election code of conduct

This collage of pictures show Federal Minister of Power Sardar Awais Ahmad Khan Leghari and Special Assistant to the Prime Minister Huzaifa Rehman. —APP/NA website/FileShow-cause notices have been issued to Minister for Power Sardar Awais Ahmad Khan Leghari and Special Assistant to the... [...]

27th Amendment empowers FCC to hear all constitutional cases: minister
November 20, 2025 7:59
27th Amendment empowers FCC to hear all constitutional cases: minister

Minister of State for Law and Justice Barrister Aqeel Malik addressing an event on December 21, 2024. — Facebook@BarristerAqeelMalikState Minister for Law Aqeel Malik said on Thursday that the 27th Amendment has vested authority to hear constitutional matters in the Federal Constitutional... [...]

JF-17 attracts strong attention at Dubai Airshow as friendly country inks procurement MoU
November 20, 2025 5:25
JF-17 attracts strong attention at Dubai Airshow as friendly country inks procurement MoU

Pakistan Air Force JF-17 Thunder fighter jet during World Defence Air Show 2024 held in Riyadh, Saudi Arabia, February 7, 2024. — PPI Pakistan's JF-17 Thunder garnered significant attention at the Dubai Airshow 2025, leading to the signing of a memorandum of understanding with a... [...]

US lawmakers laud Punjab govt's initiative to modernise brick-kiln
November 20, 2025 4:39
US lawmakers laud Punjab govt's initiative to modernise brick-kiln

Punjab Chief Minister Maryam Nawaz attends ceremony in this undated image. — Facebook/@MaryamNSharifISLAMABAD: The Congressional Pakistan Caucus has applauded Punjab’s drive to modernise its brick-kiln sector, saying the reforms could serve as a pilot for eliminating bonded labour and... [...]

Security forces gun down 30 terrorists in multiple IBOs in KP: ISPR
November 20, 2025 4:38
Security forces gun down 30 terrorists in multiple IBOs in KP: ISPR

Frontier Constabulary and army personnel gather stand guard in Kurram, January 17, 2025. — AFPSecurity forces killed 30 Indian proxy Fitna al-Khawarij terrorists during multiple intelligence-based operations carried out by security forces in Khyber Pakhtunkhwa , the military's media wing... [...]

MQM-P calls for new province in Sindh
November 20, 2025 3:56
MQM-P calls for new province in Sindh

Muttahida Qaumi Movement-Pakistan Convener Khalid Maqbool Siddiqui addresses a press conference in Karachi, November 20, 2025. — Screengrab via YouTube/Geo NewsKARACHI: With discussions on the 28th Amendment gaining momentum, the Muttahida Qaumi Movement–Pakistan has once again... [...]

US report validates Pakistan military edge over India: PM
November 20, 2025 3:55
US report validates Pakistan military edge over India: PM

Prime Minister Shehbaz Sharif addresses ceremony in Azad Jammu and Kashmir on November 20, 2025. — X/@GovtofPakistanPrime Minister Shehbaz Sharif on Thursday said a recent US report endorsing Pakistan’s downing of Indian aircraft stands as formal validation of the country’s... [...]

Banned TTP poses serious threat to Pakistan security: UNSC panel
November 20, 2025 10:24
Banned TTP poses serious threat to Pakistan security: UNSC panel

Denmark’s Deputy Permanent Representative to United Nations and chair of UNSC's ISIL, Al-Qaeda Sanctions Committee Sandra Jensen Landi. — Screengrab via UN WebTV websiteThe chair of the United Nations Security Council's Daesh and Al-Qaeda Sanctions Committee has cautioned that the... [...]

CM Afridi clarifies remarks on by-poll after ECP requests army deployment
November 20, 2025 10:01
CM Afridi clarifies remarks on by-poll after ECP requests army deployment

Khyber Pakhtunkhwa Chief Minister Sohail Khan Afridi addresses a gathering at Havelian, Abbottabad on November 19, 2025. — Facbook@ImMuhammadSohailAfridiISLAMABAD: Khyber Pakhtunkhwa Chief Minister Sohail Afridi on Thursday issued a clarification concerning his remarks on the NA-18 by-poll,... [...]

Dubai sees 3.2m Pakistani passengers in 2025 as airport sets new milestone
November 20, 2025 6:16
Dubai sees 3.2m Pakistani passengers in 2025 as airport sets new milestone

People sit at a coffee shop as they wait for their flight at the Dubai International Airport, in Dubai, United Arab Emirates, April 17, 2024. — ReutersDUBAI: Dubai International Airport handled 3.2 million passengers travelling from Pakistan in the first nine months of 2025, making the... [...]

Security forces kill 23 Indian proxy terrorists in KP's Kurram
November 20, 2025 5:08
Security forces kill 23 Indian proxy terrorists in KP's Kurram

Security forces are seen taking position during an operation. — ISPR/FileRAWALPINDI: Amid country's ongoing fight against the menace of terrorism, security forces have neutralised 23 Indian proxy Fitna al-Khawarij terrorists in separate engagements in Khyber Pakhtunkhwa's Kurram... [...]

Pakistan to construct island to boost oil exploration: report
November 19, 2025 6:26
Pakistan to construct island to boost oil exploration: report

Pump jacks operate in front of a drilling rig in an oil field in Midland, Texas United States. — Reuters/FilePakistan's state-owned energy company, Pakistan Petroleum Limited , has announced plans for an artificial island to boost its oil exploration efforts.Islamabad has intensified its... [...]

Russia ready to mediate Pakistan's issues with India, Afghanistan: envoy
November 19, 2025 6:14
Russia ready to mediate Pakistan's issues with India, Afghanistan: envoy

Russia's ambassador to Pakistan has extended his country's offer to mediate Islamabad's conflicts with India and Afghanistan, amid strained relations with its neighbouring countries.Islamabad's relations with India have remained tense since the four-day war in May, while the Afghan Taliban regime... [...]

Security forces neutralise four terrorists in KP IBOs
November 19, 2025 5:12
Security forces neutralise four terrorists in KP IBOs

Soldiers ride on a Pakistan Army vehicle in this undated image. — AFP/FileFour terrorists affiliated with Indian proxy, Fitna al-Khawarij, were killed in a series of operations across Khyber Pakhtunkhwa from November 17 to 18, the Inter-Services Public Relations said on Wednesday.An... [...]

Reclassification of 41 candidates on reserved seats goes beyond SC mandate: Justice Mandokhail
November 19, 2025 4:38
Reclassification of 41 candidates on reserved seats goes beyond SC mandate: Justice Mandokhail

Supreme Court's Justice Jamal Khan Mandokhail addresses an event related to Labour Day in Islamabad on May 1, 2025. — Screengrab/YouTube/Geo NewsISLAMABAD: Justice Jamal Khan Mandokhail has released a detailed dissent in the reserved seats case, stating that the ruling on 41 candidates... [...]

DoorDash driver killed during late night delivery in North Carolina
January 29, 2026 3:10
DoorDash driver killed during late night delivery in North Carolina

DoorDash driver killed during late night delivery in North CarolinaA DoorDash driver was brutally shot dead while working late in west Charlotte, with police confirming a murder suspect has now been arrested in Texas.Charlotte-Mecklenburg Police say 23-year-old Kelvin Javier Molina Garcia was... [...]

New Jersey accountant allegedly steals over $1.6m from client business
January 29, 2026 1:11
New Jersey accountant allegedly steals over $1.6m from client business

New Jersey accountant allegedly steals over $1.6m from client businessA trusted accountant has been accused of quietly embezzling more than £1 million from a New Jersey business over several years.Michael Delia, an accountant and bookkeeper, has been charged with a string of serious offences... [...]

China market growth forecast to rebound in 2026 after prolonged slump
January 29, 2026 1:00
China market growth forecast to rebound in 2026 after prolonged slump

China market growth forecast to rebound in 2026 after prolonged slumpChina’s luxury market has shrunk to a prolonged period of stagnation and decline between 2022 and 2025.The luxury market has decided to rebound, as some signs are showing stabilization in China’s economy.After nearly... [...]

China grants visa-free travel to UK citizens after AstraZeneca's $15B investment
January 29, 2026 11:28
China grants visa-free travel to UK citizens after AstraZeneca's $15B investment

China grants visa-free travel to UK citizens after AstraZeneca’s $15B investmentThe UK Prime Minister Keir Starmer has announced that China is ready to approve visa-free travel for British citizens, marking a major shift in both countries' relations. According to Downing Street as reported... [...]

Storm Chandra: Flood, snow warnings hit UK as temperatures plummet
January 29, 2026 10:06
Storm Chandra: Flood, snow warnings hit UK as temperatures plummet

Storm Chandra: Flood, snow warnings hit UK as temperatures plummetThe UK is set to brace for snow as temperatures plummet in the aftermath of Storm Chandra. Snow is forecast for the Northeast, while much of the country is waking up to heavy fog. Meanwhile, flooding concerns have grown in the wake... [...]

Vietnam, EU elevate diplomatic ties to 'comprehensive strategic relationship'
January 29, 2026 10:04
Vietnam, EU elevate diplomatic ties to 'comprehensive strategic relationship'

Vietnam, EU elevate diplomatic ties to 'comprehensive strategic relationship'Vietnam and the European Union upgraded ties to a comprehensive strategic partnership—Vietnam’s highest diplomatic level—as both recalibrate trade amid disruptions to global finance driven by U.S. tariff... [...]

UK-China's new chapter: Starmer, Xi hold talks on tariffs, travel rules & migration
January 29, 2026 8:27
UK-China's new chapter: Starmer, Xi hold talks on tariffs, travel rules & migration

UK-China’s new chapter: Starmer, Xi hold talks on tariffs, travel rules & migrationThe UK Prime Minister Keir Starmer and Chinese President Xi Jinping held talks on various issues, ranging from tariffs, travel rules, and migration, signalling a major recalibration in both countries... [...]

Nicki Minaj expresses support for Trump in public statement
January 29, 2026 7:52
Nicki Minaj expresses support for Trump in public statement

Nicki Minaj expresses support for Trump in public statementNicki Minaj has publicly expressed her support for President Donald Trump.Taking over the stage at a high-profile summit hosted by the Treasury Department on Wednesday, the 43-year-old songstress praised Trump, calling herself his... [...]

Japan: Heavy snowstorms threaten voter turnout ahead of midwinter election
January 29, 2026 6:15
Japan: Heavy snowstorms threaten voter turnout ahead of midwinter election

Japan: Heavy snowstorms threaten voter turnout ahead of midwinter electionJapan is currently facing a dual challenge of severe winter weather and a high-stakes political transition. With heavy snowstorms forecast for northern and western parts, the country’s first winter election in 36 years... [...]

Tesla drops Model X as Elon Musk bets future on AI and robotics
January 29, 2026 3:36
Tesla drops Model X as Elon Musk bets future on AI and robotics

Tesla will discontinue production of its Tesla Model X SUV and Model S sedan, marking a major shift in the company’s direction as CEO Elon Musk pushes deeper into robotics and artificial intelligence.Speaking during Tesla’s investor call on Wednesday, Musk confirmed the move, saying:... [...]

Gold price climbs to record high amid global uncertainty
January 29, 2026 2:34
Gold price climbs to record high amid global uncertainty

The gold price has surged to historic highs, leaving investors wondering whether they have missed their chance or if there is still room to benefit from the rally.Gold climbed above $5,000 USD an ounce on Monday and held near that level early Tuesday, marking a gain of more than $2,000 USD an... [...]

Newborn found dead stuffed inside duffel bag in mother's closet
January 28, 2026 6:48
Newborn found dead stuffed inside duffel bag in mother's closet

Newborn found dead stuffed inside duffel bag in mother’s closet/ photo courtesy: Nicola DevineIn a deeply disturbing case, a young mother in New York has been charged after the body of her one-month-old baby was found hidden inside a duffel bag in a Brooklyn apartment.According to... [...]

Trump tactics could hurt Republicans in midterms: report
January 28, 2026 5:45
Trump tactics could hurt Republicans in midterms: report

US President Donald Trump's hardline immigration agenda, a key force behind his return to the White House in 2024, is increasingly showing signs of becoming a liability, threatening Republican prospects in the November midterm elections, according to Reuters.What was once his most potent campaign... [...]

Mother, two children shot dead after violent altercation in North Carolina
January 28, 2026 3:29
Mother, two children shot dead after violent altercation in North Carolina

Mother, two children shot dead after violent altercation in North CarolinaA quiet Fayetteville neighbourhood was rocked on Sunday night after a triple shooting claimed the lives of a mother and her two children.Fayetteville Police officers responded to reports of gunfire at a home on North Sumac... [...]

Suspect comes to light after Ilhan Omar attack in Minneapolis
January 28, 2026 1:47
Suspect comes to light after Ilhan Omar attack in Minneapolis

Suspect comes to light after Ilhan Omar attack in Minneapolis/Photo credit: ReutersA man accused of attacking Democratic congresswoman Ilhan Omar during a town hall in Minneapolis has been identified as Anthony Kazmierczak after police arrested him at the scene. Officers said Kazmierczak sprayed... [...]

سندھ میں سرکاری اسکولز کو انتظامی طور پر مضبوط بنانے کی جانب قدم
January 29, 2026 2:01
سندھ میں سرکاری اسکولز کو انتظامی طور پر مضبوط بنانے کی جانب قدم

وزیر تعلیم سندھ سید سردار علی شاہ۔ترجمان محکمہ تعلیم سندھ کے مطابق صوبے میں پہلی بار سرکاری اسکولز کو انتظامی طور پر مضبوط بنانے کی... [...]

قومی ایئرلائن نجکاری کا عمل مکمل، ٹرانزیکشن سے متعلق دستخط ہوگئے
January 29, 2026 1:01
قومی ایئرلائن نجکاری کا عمل مکمل، ٹرانزیکشن سے متعلق دستخط ہوگئے

فوٹو: اسکرین گریبقومی ایئرلائن کی نجکاری کے سلسلے میں حکومت اور عارف حبیب کنسوریشم کے درمیان ٹرانزیکشن سے متعلق دستخط ہوگئے۔ اسلام... [...]

بانی کی صحت کے حوالے سے خبریں تشویشناک ہیں: رہنما پی ٹی آئی
January 29, 2026 1:01
بانی کی صحت کے حوالے سے خبریں تشویشناک ہیں: رہنما پی ٹی آئی

عدالتی فیصلوں کے باوجود بانی پی ٹی آئی سے ہماری ملاقات نہیں کروائی گئی، سلمان اکرم راجہ - فوٹو: فائلپاکستان تحریک انصاف کے رہنما... [...]

وزیراعظم کی ایرانی صدر سے ٹیلیفون پر گفتگو، علاقائی صورتحال پر تبادلہ خیال
January 29, 2026 1:01
وزیراعظم کی ایرانی صدر سے ٹیلیفون پر گفتگو، علاقائی صورتحال پر تبادلہ خیال

فائل فوٹو۔وزیراعظم شہباز شریف نے ایران کے صدر مسعود پزشکیان سے ٹیلیفون پر گفتگو کی۔ اس موقع پر دونوں رہنماؤں نے بدلتی ہوئی علاقائی... [...]

سانحہ گل پلازا: جوڈیشل انکوائری کیلئے وزیراعلیٰ کا چیف جسٹس سندھ ہائیکورٹ کو خط
January 29, 2026 1:01
سانحہ گل پلازا: جوڈیشل انکوائری کیلئے وزیراعلیٰ کا چیف جسٹس سندھ ہائیکورٹ کو خط

فوٹو: فائلوزیراعلیٰ سندھ مراد علی شاہ نے سانحہ گل پلازا کی جوڈیشل انکوائری کےلیے چیف جسٹس سندھ ہائیکورٹ کو خط لکھ دیا۔واضح رہے کہ... [...]

انہیں ہماری ضرورت نہیں اس لیے پشاور سے جا رہا ہوں، غلام بلور
January 29, 2026 1:01
انہیں ہماری ضرورت نہیں اس لیے پشاور سے جا رہا ہوں، غلام بلور

غلام احمد بلور۔ عوامی نیشنل پارٹی کے بزرگ رہنما غلام احمد بلور نے پارلیمانی سیاست چھوڑنے کا اعلان کردیا۔ ان کا کہنا ہے کہ میں چلا... [...]

سانحہ گل پلازا، سندھ حکومت کا جوڈیشل انکوائری کروانے کا اعلان
January 29, 2026 12:01
سانحہ گل پلازا، سندھ حکومت کا جوڈیشل انکوائری کروانے کا اعلان

فوٹو: اسکرین گریبحکومت سندھ نے کراچی میں پیش آئے سانحہ گل پلازا کی جوڈیشل انکوائری کروانے کا اعلان کردیا۔کراچی میں پریس کانفرنس... [...]

پاکستان کا سی پیک کو افغانستان تک پھیلانے کا فیصلہ
January 29, 2026 12:01
پاکستان کا سی پیک کو افغانستان تک پھیلانے کا فیصلہ

فوٹو: فائلپاکستان اور چین نے پاک چین اقتصادی راہداری کو افغانستان تک پھیلانے کا فیصلہ کرلیا۔ دفتر خارجہ کے حکام نے سینیٹ کی قائمہ... [...]

پاکستان مذاکرات کیلئے کوششیں کر رہا ہے، چاہتا ہے کوئی ایکشن نہ ہو: ایرانی سفیر
January 29, 2026 12:01
پاکستان مذاکرات کیلئے کوششیں کر رہا ہے، چاہتا ہے کوئی ایکشن نہ ہو: ایرانی سفیر

پاکستان نے کشیدگی میں کمی کےلیے مخلصانہ کردار ادا کیا، ایرانی سفیر ڈاکٹر رضا امیری مقدم - فوٹو: فائلپاکستان میں تعینات ایرانی سفیر... [...]

یورپی یونین سے تمام شعبوں میں تعاون مضبوط بنانے کیلئے پرعزم ہیں، وزیراعظم
January 29, 2026 11:01
یورپی یونین سے تمام شعبوں میں تعاون مضبوط بنانے کیلئے پرعزم ہیں، وزیراعظم

فوٹو: پی آئی ڈیوزیراعظم شہباز شریف نے پاکستان اور یورپی یونین سے تمام شعبوں میں تعاون مضبوط بنانے کے عزم کا اعادہ کیا ہے۔وزیراعظم... [...]

اسلام آباد: گھریلو ملازمہ پر تشدد کیس: متعدد گواہان کے ناقابل ضمانت وارنٹ جاری
January 29, 2026 11:01
اسلام آباد: گھریلو ملازمہ پر تشدد کیس: متعدد گواہان کے ناقابل ضمانت وارنٹ جاری

فائل فوٹو۔کمسن گھریلو ملازمہ رضوانہ پر تشدد کے کیس میں متعدد گواہان کے ناقابل ضمانت وارنٹ گرفتاری جاری کر دیے گئے۔ ڈسٹرکٹ اینڈ سیشن... [...]

نجی اسکولوں کو 10 فیصد طلبہ کو مفت تعلیم دینے کا حکم، خلاف ورزی پر رجسٹریشن خطرے میں ہو گی
January 29, 2026 11:01
نجی اسکولوں کو 10 فیصد طلبہ کو مفت تعلیم دینے کا حکم، خلاف ورزی پر رجسٹریشن خطرے میں ہو گی

—فائل فوٹوصوبائی محکمۂ تعلیم نے سندھ ہائی کورٹ کے احکامات کی روشنی میں صوبے بھر کے نجی اسکولوں کو ہدایت جاری کی ہے کہ وہ پسماندہ... [...]

لاہور میں ماں بیٹی کے سیوریج لائن میں گرنے کا مقدمہ درج
January 29, 2026 11:01
لاہور میں ماں بیٹی کے سیوریج لائن میں گرنے کا مقدمہ درج

فوٹو: اسکرین گریب۔جیو نیوزلاہور میں ماں بیٹی کے سیوریج لائن میں گرنے کا مقدمہ درج کر لیا گیا۔پولیس کے مطابق واقعہ کا مقدمہ خاتون کے... [...]

18 کروڑ نوجواں کو جدید تعلیم کے ذریعے تیار کرنا ہے: ڈاکٹر خالد مقبول
January 29, 2026 11:01
18 کروڑ نوجواں کو جدید تعلیم کے ذریعے تیار کرنا ہے: ڈاکٹر خالد مقبول

—تصویر بشکریہ رپورٹروفاقی وزیرِ تعلیم و پیشہ ور تربیت ڈاکٹر خالد مقبول صدیقی نے کہ ہے کہ جمہوریت کے اثرات کراچی تک پہنچے ہیں، اگر چہ... [...]

کراچی کو وفاق کے حوالے کرنے کا مطالبہ غیر آئینی نہیں، خالد مقبول
January 29, 2026 11:01
کراچی کو وفاق کے حوالے کرنے کا مطالبہ غیر آئینی نہیں، خالد مقبول

 ڈاکٹر خالد مقبول صدیقی۔چیئرمین متحدہ قومی موومنٹ پاکستان اور وفاقی وزیر تعلیم ڈاکٹر خالد مقبول صدیقی نے کہا کہ ایم کیو ایم کا... [...]

یورپی یونین کا ایران کی پاسدارانِ انقلاب کو دہشتگرد تنظیموں کی فہرست میں شامل کرنے پر اتفاق
January 29, 2026 4:01
یورپی یونین کا ایران کی پاسدارانِ انقلاب کو دہشتگرد تنظیموں کی فہرست میں شامل کرنے پر اتفاق

یورپی یونین کی خارجہ پالیسی چیف کاجا کلاس۔یورپی یونین نے ایران کی پاسدارانِ انقلاب کو دہشت گرد تنظیموں کی فہرست میں شامل کرنے پر... [...]

یورپ، پاسداران انقلاب کو دہشت گرد تنظیم قرار دے کر غلطی کر رہا ہے، ایران
January 29, 2026 4:01
یورپ، پاسداران انقلاب کو دہشت گرد تنظیم قرار دے کر غلطی کر رہا ہے، ایران

ایرانی وزیر خارجہ عباس عراقچی۔ایرانی وزیر خارجہ عباس عراقچی نے کہا ہے کہ یورپ ایرانی پاسداران انقلاب کو دہشت گرد تنظیم قرار دے کر... [...]

اماراتی صدر کی روسی ہم منصب سے ملاقات
January 29, 2026 4:01
اماراتی صدر کی روسی ہم منصب سے ملاقات

تصویر سوشل میڈیا۔متحدہ عرب امارات کے صدر محمد بن زاید النہیان دورہ روس پر ماسکو پہنچے اور روسی صدر ولادیمر پیوٹن سے ملاقات کی۔ اس... [...]

امریکا نے اضافی بحری جنگی جہاز مشرق وسطیٰ پہنچا دیا، امریکی عہدیدار
January 29, 2026 4:01
امریکا نے اضافی بحری جنگی جہاز مشرق وسطیٰ پہنچا دیا، امریکی عہدیدار

فوٹو: فائلامریکی عہدیدار کا کہنا ہے کہ امریکا نے اضافی بحری جنگی جہاز مشرق وسطیٰ پہنچا دیا۔ برطانوی خبر رساں ادارے سے گفتگو کرتے... [...]

امریکی سائبر سیکیورٹی ایجنسی کے بھارتی نژاد سربراہ نے حساس دستاویزات چیٹ جی پی ٹی پر شیئرکر دیں
January 29, 2026 2:01
امریکی سائبر سیکیورٹی ایجنسی کے بھارتی نژاد سربراہ نے حساس دستاویزات چیٹ جی پی ٹی پر شیئرکر دیں

مدھو گوتمکلا.امریکی سائبر سیکیورٹی ایجنسی کے بھارتی نژاد عبوری سربراہ نے حساس دستاویزات چیٹ جی پی ٹی پر شیئرکر دیں۔ امریکی اخبار کے... [...]

جاپان: سفیرِ پاکستان عبدالحمید کی گورنر ٹوکیو یوریکو کوئیکے سے ملاقات
January 29, 2026 11:01
جاپان: سفیرِ پاکستان عبدالحمید کی گورنر ٹوکیو یوریکو کوئیکے سے ملاقات

—تصویر بشکریہ رپورٹرجاپان میں پاکستان کے سفیر عبدالحمید نے ٹوکیو کی گورنر یوریکو کوئیکے کی خصوصی دعوت پر 27 جنوری 2026ء کو ٹاکاناوا... [...]

بھارتی نژاد امریکی سائبر چیف کا متنازع اقدام: حساس سرکاری دستاویزات چیٹ جی پی ٹی پر اپ لوڈ کرنے کا انکشاف
January 29, 2026 5:01
بھارتی نژاد امریکی سائبر چیف کا متنازع اقدام: حساس سرکاری دستاویزات چیٹ جی پی ٹی پر اپ لوڈ کرنے کا انکشاف

ڈاکٹر مدھو گوتمُکلا—فوٹو بشکریہ بین الاقوامی میڈیا امریکی سائبر سیکیورٹی ایجنسی سیسا کے قائم مقام سربراہ ڈاکٹر مدھو گوتمُکلا سے... [...]

ایلون مسک اور بھارتی صنعتکار ونود کھوسلا کے درمیان سوشل میڈیا پر تلخ جملوں کا تبادلہ
January 29, 2026 5:01
ایلون مسک اور بھارتی صنعتکار ونود کھوسلا کے درمیان سوشل میڈیا پر تلخ جملوں کا تبادلہ

—فائل فوٹوزامریکا سے تعلق رکھنے والی دنیا کی امیر ترین شخصیت، ایلون مسک اور بھارتی نژاد سرمایہ کار ونود کھوسلا کے درمیان نسل پرستی... [...]

ایران نے ٹرمپ کی دھمکیاں مسترد کر دیں، حملے کی صورت میں بھرپور جواب دینے کا اعلان
January 29, 2026 4:01
ایران نے ٹرمپ کی دھمکیاں مسترد کر دیں، حملے کی صورت میں بھرپور جواب دینے کا اعلان

ایران کے وزیرِ خارجہ عباس عراقچی—فائل فوٹوایران نے امریکی صدر ڈونلڈ ٹرمپ کی جانب سے فوجی کارروائی کی دھمکیوں کو مسترد کرتے ہوئے... [...]

امریکا میں شدید سردی، ہلاکتیں 65 ہوگئیں
January 29, 2026 1:01
امریکا میں شدید سردی، ہلاکتیں 65 ہوگئیں

امریکا کے وسطی اور مشرقی علاقوں میں سردی کی لہر ہے، شدید سردی کے باعث ہلاکتوں کی تعداد 65 ہوگئی، معمولاتِ زندگی متاثر ہیں۔شکاگو میں... [...]

کولمبیا، چھوٹا طیارہ گر کر تباہ، سوار تمام 15 افراد ہلاک
January 28, 2026 11:01
کولمبیا، چھوٹا طیارہ گر کر تباہ، سوار تمام 15 افراد ہلاک

کولمبیا میں چھوٹا طیارہ گر کر تباہ ہوگیا، طیارے میں سوار تمام 15 افراد ہلاک ہوگئے۔غیر ملکی میڈیا کے مطابق 15 افراد کو لے جانے والا ... [...]

مذاکرات کیلئے تیار ہیں، اقوام متحدہ میں ایرانی مشن
January 28, 2026 7:01
مذاکرات کیلئے تیار ہیں، اقوام متحدہ میں ایرانی مشن

اقوام متحدہ میں ایرانی مشن کا کہنا ہے کہ مذاکرات کے لیے تیار ہیں ساتھ ہی دفاع کے لیے بھی تیار ہیں۔سوشل میڈیا پر بیان میں ایرانی مشن کا... [...]

ایران کی فوجی کارروائی کی صورت میں امریکا، اسرائیل اور انکے حمایتیوں کو نشانہ بنانے کی دھمکی
January 28, 2026 6:01
ایران کی فوجی کارروائی کی صورت میں امریکا، اسرائیل اور انکے حمایتیوں کو نشانہ بنانے کی دھمکی

ایران نے اپنے خلاف امریکا کی فوجی کارروائی کی صورت میں امریکا، اسرائیل اور ان کے حمایتیوں کو نشانہ بنانے کی دھمکی دے دی۔ ایرانی... [...]

دبئی میں مسافروں کیلئے بڑی سہولت، شہر سے ہی ایئر پورٹ چیک اِن ممکن ہوگا
January 28, 2026 6:01
دبئی میں مسافروں کیلئے بڑی سہولت، شہر سے ہی ایئر پورٹ چیک اِن ممکن ہوگا

تصویر سوشل میڈیا۔دبئی میں ایئر پورٹ استعمال کرنے والے مسافروں کیلئے خوشخبری ہے۔ حکومتِ دبئی نے سفر کو مزید آسان بنانے کیلئے نیا... [...]

ایرانی حکومت ممکنہ طور پر پہلے سے زیادہ کمزور ہوگئی ہے، امریکی وزیر خارجہ
January 28, 2026 5:01
ایرانی حکومت ممکنہ طور پر پہلے سے زیادہ کمزور ہوگئی ہے، امریکی وزیر خارجہ

تصویر سوشل میڈیا۔امریکی وزیر خارجہ مارکو روبیو نے کہا ہے کہ ایرانی حکومت ممکنہ طور پر پہلے سے زیادہ کمزور ہوگئی ہے۔ امریکی سینیٹ کی... [...]

فائیو جی اسپیکٹرم کی نیلامی 10 مارچ کو ہوگی
January 29, 2026 5:01
فائیو جی اسپیکٹرم کی نیلامی 10 مارچ کو ہوگی

دلچسپی رکھنے والے 5G اسپیکٹرم انفارمیشن میمورنڈم کامطالعہ کریں: پی ٹی اےپاکستان میں 5G اسپیکٹرم کی نیلامی 10 مارچ کو ہوگی۔پاکستان ٹیلی... [...]

سونے کی قیمت میں یکمشت 21 ہزار روپے سے زائد کا اضافہ
January 29, 2026 9:01
سونے کی قیمت میں یکمشت 21 ہزار روپے سے زائد کا اضافہ

—فائل فوٹوملک میں سونے کی فی تولہ قیمت میں یکمشت 21 ہزار 200 روپے کا اضافہ ہو گیا۔آل پاکستان صرافہ جیمز اینڈ جیولرز ایسوسی ایشن کے... [...]

یکم فروری سے پیٹرول سستا، ڈیزل مہنگا ہونے کا امکان
January 29, 2026 7:01
یکم فروری سے پیٹرول سستا، ڈیزل مہنگا ہونے کا امکان

—فائل فوٹوانڈسٹری ذرائع کی جانب سے بتایا گیا ہے کہ یکم فروری سے پیٹرول سستا اور ڈیزل مہنگا ہو سکتا ہے۔ابتدائی تخمینوں کے مطابق... [...]

بینکوں کی سرمایہ کاری ڈپازٹس سے بھی تجاوز کر گئی: اسٹیٹ بینک
January 29, 2026 6:01
بینکوں کی سرمایہ کاری ڈپازٹس سے بھی تجاوز کر گئی: اسٹیٹ بینک

—فائل فوٹو اسٹیٹ بینک آف پاکستان کی جانب سے بینکنگ کے اعداد و شمار جاری کیے گئے ہیں۔اسٹیٹ بینک کے مطابق بینکوں کی سرمایہ کاری ڈپازٹس... [...]

اسٹاک ایکسچینج: مثبت رجحان، انڈیکس 1 لاکھ 88 ہزار سے متجاوز
January 29, 2026 4:01
اسٹاک ایکسچینج: مثبت رجحان، انڈیکس 1 لاکھ 88 ہزار سے متجاوز

—فائل فوٹوپاکستان اسٹاک ایکسچینج میں کاروباری ہفتے کے چوتھے روز آج مثبت رجحان دیکھا جا رہا ہے۔بازارِ حصص میں کاروبار کے دوران 100... [...]

ملک میں سونے کی قیمت کا ایک اور ریکارڈ: فی تولہ ساڑھے 5 لاکھ روپے سے تجاوز کر گیا
January 28, 2026 10:01
ملک میں سونے کی قیمت کا ایک اور ریکارڈ: فی تولہ ساڑھے 5 لاکھ روپے سے تجاوز کر گیا

---فائل فوٹوملک میں سونے کی فی تولہ قیمت ساڑھے 5 لاکھ روپے سے تجاوز کر گئی ہے۔آل پاکستان صرافہ جیمز اینڈ جیولرز ایسوسی ایشن کے مطابق... [...]

پی ایس ایکس: کاروبار کا ملا جلا دن، 100 انڈیکس میں 177 پوائنٹس کا اضافہ
January 28, 2026 5:01
پی ایس ایکس: کاروبار کا ملا جلا دن، 100 انڈیکس میں 177 پوائنٹس کا اضافہ

—فائل فوٹوپاکستان اسٹاک ایکسچینج میں کاروباری ہفتے کے تیسرے روز کاروبار کا ملا جلا دن رہا جہاں 100 انڈیکس میں 177 پوائنٹس کا اضافہ... [...]

جنوری میں مہنگائی کی شرح 5 سے 6 فیصد رہنے کی توقع، آؤٹ لک رپورٹ جاری
January 27, 2026 4:01
جنوری میں مہنگائی کی شرح 5 سے 6 فیصد رہنے کی توقع، آؤٹ لک رپورٹ جاری

—فائل فوٹووزارتِ خزانہ نے جنوری تک معاشی آؤٹ لک رپورٹ جاری کر دی۔وزارتِ خزانہ کی آؤٹ لک رپورٹ کے مطابق جنوری میں مہنگائی کی شرح 5... [...]

ایرانی کرنسی کی قدر میں ریکارڈ کمی ہوگئی
January 27, 2026 3:01
ایرانی کرنسی کی قدر میں ریکارڈ کمی ہوگئی

تصویر سوشل میڈیا۔ایرانی کرنسی کی قدر میں ریکارڈ کمی ہوگئی، ایرانی کرنسی ٹریکنگ ویب سائٹس کا کہنا ہے کہ ایک ڈالر کے مقابلے میں ایرانی... [...]

حکومت کی آئی ایم ایف سے کچھ شعبوں میں رعایتیں لینے کی تیاری
January 27, 2026 12:01
حکومت کی آئی ایم ایف سے کچھ شعبوں میں رعایتیں لینے کی تیاری

—فائل فوٹوپاکستان اور انٹرنیشنل مانیٹری فنڈ کے درمیان آئندہ مذاکرات کے معاملے پر نئی حکمتِ عملی طے پائی ہے۔وزارتِ خزانہ کے ذرائع... [...]

سونے کی فی تولہ قیمت 1500 روپے کم ہوگئی
January 27, 2026 10:01
سونے کی فی تولہ قیمت 1500 روپے کم ہوگئی

ملک میں آج سونے کی فی تولہ قیمت 1500 جبکہ 10 گرام سونے کی قیمت 1286 روپے کم ہوگئی۔قیمتوں میں کمی کے بعد فی تولہ سونے کی قیمت 5 لاکھ 30 ہزار 562... [...]

اسٹیٹ بینک کا شرح سود برقرار رکھنے کا فیصلہ
January 26, 2026 11:01
اسٹیٹ بینک کا شرح سود برقرار رکھنے کا فیصلہ

فائل فوٹواسٹیٹ بینک نے مانیٹری پالیسی کا اعلان کردیا۔ مرکزی بینک کی جانب سے شرح سود برقرار رکھنے کا فیصلہ کیا گیا... [...]

سونے کی قیمت میں 10 ہزار روپے سے زائد کا اضافہ ہوگیا
January 26, 2026 7:01
سونے کی قیمت میں 10 ہزار روپے سے زائد کا اضافہ ہوگیا

فائل فوٹوملک میں سونے کی فی تولہ قیمت میں یکمشت 10 ہزار 900 روپے کا اضافہ ہوگیا۔آل پاکستان صرافہ جیمز اینڈ جیولرز ایسوسی ایشن کے مطابق... [...]

پی ایس ایکس میں مثبت رجحان، 100 انڈیکس ایک لاکھ 90 ہزار سے تجاوز کرگیا
January 26, 2026 5:01
پی ایس ایکس میں مثبت رجحان، 100 انڈیکس ایک لاکھ 90 ہزار سے تجاوز کرگیا

فائل فوٹوپاکستان اسٹاک ایکسچینج میں کاروباری ہفتے کے پہلے روز آج مثبت رجحان دیکھا جا رہا ہے۔ بازار حصص میں کاروبار کے دوران 100... [...]

پولیٹیکل اکانومی اصل مسئلہ ہے: بلال اظہر کیانی
January 25, 2026 3:01
پولیٹیکل اکانومی اصل مسئلہ ہے: بلال اظہر کیانی

وفاقی وزیرِ مملکت بلال اظہر کیانی—فائل فوٹووفاقی وزیرِ مملکت بلال اظہر کیانی نے کہا ہے کہ پولیٹیکل اکانومی اصل مسئلہ ہے، حکومت 5 سال... [...]

Apple’s stock rises as Tim Cook gives just enough detail on Wall Street’s most burning question
January 30, 2026 12:12
Apple’s stock rises as Tim Cook gives just enough detail on Wall Street’s most burning question

The iPhone maker projected gross margins well ahead of Wall Street estimates, reassuring investors that it’s successfully managing the surge in memory prices [...]

As SpaceX prepares for its IPO, Elon Musk’s empire could get even more intertwined
January 29, 2026 11:33
As SpaceX prepares for its IPO, Elon Musk’s empire could get even more intertwined

Elon Musk, the world’s richest individual, could bring two of his biggest holdings closer together. [...]

Sandisk’s eye-popping earnings forecast helps justify 1,400% stock surge
January 29, 2026 11:20
Sandisk’s eye-popping earnings forecast helps justify 1,400% stock surge

The storage maker’s revenue guidance was almost 60% higher than the Wall Street consensus and profit guidance was more than double that analysts had expected. [...]

Stocks, gold and copper see big swings that show investors have few places to hide
January 29, 2026 10:41
Stocks, gold and copper see big swings that show investors have few places to hide

The volatility seen across asset classes on Thursday may give investors a hint at what’s to come and leave them with fewer places to hide. [...]

Software stocks suffer steep selloff, widening the gap with hot chip stocks
January 29, 2026 10:38
Software stocks suffer steep selloff, widening the gap with hot chip stocks

A look at the best and worst S&P 500 stocks this year shows how tech investors have piled into semiconductor plays and bailed on software. [...]

4 tips to file your taxes like a pro — and get your refund faster
January 29, 2026 10:26
4 tips to file your taxes like a pro — and get your refund faster

Expecting a bigger tax refund? There’s no money back until you get through tax filing. [...]

These charts are signaling the S&P 500’s next move
January 29, 2026 10:16
These charts are signaling the S&P 500’s next move

Tech earnings could be just what the market needs right now. [...]

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  • About
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