Investors Education | Tariq Vohra Securities (Private) Limited

News

Business Recorder - Markets
Business Recorder - Business & Finance
Business Recorder - Latest News
The News International - National
The News International - World
قومی خبریں
بین الاقوامی خبریں
تجارتی خبریں
MarketWatch.com - Top Stories
MarketWatch.com - MarketWatch Breaking News Bulletins
MarketWatch.com - MarketPulse

Goldman Sachs now expects Fed to hike rates in September

September 14, 2026 3:08

Goldman Sachs now expects the US Federal ‌Reserve to raise interest rates by 25 basis points at its September ⁠policy meeting, reversing its previous forecast for rates to remain unchanged. The Wall Street bank said in a note on ‌Friday ⁠that the change was driven less by its economic ⁠outlook and more by financial market pricing, with ⁠investors largely expecting a rate ⁠increase. [...]

Samsung, SK Hynix reject KEPCO's $19 billion power prepayment proposal, document shows

September 14, 2026 3:05

SEOUL: Samsung Electronics and SK Hynix have rejected a proposal by Korea Electric Power Corp to make a 25 ‌trillion won ($18.7 billion) upfront payment to support power supplies for planned semiconductor mega clusters, according to a document submitted to a lawmaker. Here are some details: The two chipmakers told the ⁠state-run utility company it would be difficult to accept the proposal following internal reviews, according to the document, which was shared with Reuters by the office of lawmaker Lee Chul-gyu. The companies were unsure if such large upfront payments were necessary, citing uncertainty over the long-term durability ‌of ⁠semiconductor demand, a company official in Seoul told Reuters. The official spoke on condition of anonymity due to the sensitivity of the matter. Samsung Electronics and SK ⁠Hynix declined to comment. South Korean newspaper Chosun Ilbo reported earlier this month that KEPCO had proposed that the ⁠chipmakers make the advance payment for electricity expected to be consumed by new chip fabrication ⁠plants, in order to allow the utility company to invest in infrastructure to power the plants. [...]

Shares skid in Asia as oil rises, rate hikes loom

September 14, 2026 2:55

SYDNEY: Share markets slid in Asia on Monday as supply concerns caused oil prices to spike anew, while investors braced for possible interest rate hikes in both the United States and Japan this week. Brent climbed 3% as new strikes on Saudi Arabia ‌and on ships in the Gulf tested nerves, after an attack on a Saudi oil pipeline and an advance by Yemen’s Houthis threatened to worsen the wartime disruption to global energy supplies. A meeting in Oman between Iran and Gulf Arab states, scheduled for Monday to discuss a deal on opening the Strait of Hormuz, was postponed. With shipping through the strait and the Bab el-Mandeb under threat, analysts fear oil prices could stay elevated for a lengthy period, stoking inflation globally. An uncomfortably hot US consumer price report on Friday led markets to price in an 86% chance the Federal Reserve will ⁠lift rates by 25 basis points on Wednesday, and move again by December. It would be the first hike since mid-2023. “We now expect the Fed to hike twice this year, in September and December,” said Michael Feroli, chief U.S. economist at JPMorgan. “At this stage, failing to back up words with action could put the credibility of the institution at risk.” “Whether these actions represent a limited recalibration or mark the start of a more sustained hiking cycle will depend on incoming data,” he added. “We anticipate the former scenario but see risks for the latter.” Brent futures were last up 2.6% at $107.36 a barrel, having gained almost 9% last week, while U.S. crude rose 2.4% to $102.48 a barrel. Japan’s Nikkei fell 1.7%, while South Korea dropped 3.3%. MSCI’s broadest index of Asia-Pacific shares outside Japan slipped 0.8%. In Europe, EUROSTOXX 50 futures lost 0.5%, while DAX futures fell 0.4% and FTSE futures dipped 0.1%. On Wall Street, S&P 500 futures lost 0.5%, while Nasdaq ‌futures fell ⁠1.1%. High yields test equity valuations Yields on 10-year Treasury notes were a fraction lower at 4.967%, having been sold heavily in recent weeks. Just last week alone, 2-year yields rose a steep 26 basis points, while 10-year yields added 19 basis points as the curve flattened. Ben Snider, chief US equity strategist at Goldman Sachs, said strong corporate earnings should provide support for Wall Street if borrowing costs rise. “Equities typically struggle when the Fed starts to hike rates, but we expect the bull market to continue,” he added. “The S&P ⁠500 has generated an average three-month return of -2% at the start of seven hiking cycles during the last few decades.” “Yet the S&P 500 has generated an average return of +9% during the 12 months following the first hike.” Markets also imply around a 76% chance the Bank of Japan will lift its cash rate by a quarter point, to 1.25%, ⁠when it meets on Friday. The BOJ is also expected to sound hawkish on further tightening as it struggles to prevent a relapse in the yen after market intervention helped to pull it from a 40-year low. The dollar was holding at 153.49 yen , having fallen around 4% over the last two weeks and ⁠away from a July peak of 163.99. The euro was also little changed at $1.1592 , having found support at $1.1570 on Friday. Sterling was flat at $1.3522 with the Bank of England expected to hold its rates at 3.75% on Thursday, though the decision could again be split. In commodity markets, gold slipped 0.3% to $4,336 an ounce , as higher bond yields diminished the lure of the non-interest-paying metal. [...]

Dollar steady, yen near 7-month high ahead of Fed, BOJ meetings

September 14, 2026 2:50

SINGAPORE: The dollar was steady on Monday, with the yen holding on to its recent sharp gains and hovering near a seven-month high as investors pondered possible rate hikes from ‌the Federal Reserve and Bank of Japan in a pivotal week for monetary policy. Global policymakers are grappling with erratic pricing pressures from the six-month-long US-Israeli war on Iran that has pushed oil prices well above $100 per barrel and upended the path for rates amid bouts of selloffs in long-end bonds. The European Central Bank raised rates last week and warned of further hikes, setting the stage for the Fed policy decision on Wednesday and a widely expected rate hike from the BOJ on Friday. The Bank of England is expected to stand pat on Thursday, but the voting is likely to be close. Traders ramped up bets for a Fed rate hike after data on ⁠Friday showed US consumer prices accelerated in August; they priced in an 86% chance of an increase this week and another move higher later in the year, the CME FedWatch tool showed. “The Fed could decide to wait, but that is complicated by its October meeting being just ahead of the U.S. midterm elections and waiting until December to move will be too long,” said Shane Oliver, chief economist and head of investment strategy at AMP. The euro was recently at $1.159, while sterling last bought $1.3524. The US dollar index , which measures the greenback against six other units, was steady at 99.15 after two straight weeks of meager declines. US Treasury yields remained near multi-year highs, with the 2-year yield , which typically moves in step with Fed rate expectations, easing a touch to 4.6148%, after rising 26 basis points last week. The rising yields and shifting rate expectations have so far failed to push the dollar higher as central banks in major economies are also expected to raise rates while worries around Fed policy credibility linger. “We think the ‌dollar would ⁠welcome a hike in that it would back up the Fed’s monetary policy credibility and take a little more steam out of the debasement trade,” ING analysts said in a note. “Yet the dollar does not need to rally too far. After all, we think this is a recalibration of Fed policy, not a new cycle.” Meanwhile, Brent crude futures rose nearly 3% to $107.51 per barrel in early Asian trading after new Houthi strikes on Saudi Arabia and Iranian attacks on ships in the Gulf compounded supply concerns following the closure of a key Saudi oil ⁠pipeline. Rising yen faces BOJ reckoning The Japanese yen was at 153.49 per U.S. dollar, not far from the seven-month high of 152.89 it touched last week as fresh signs emerged of market sentiment on the Asian currency changing, with s peculators turning to a net long position on the yen for the first time since February. “A 25 bps hike is already almost fully priced,” analysts at MUFG said ⁠in a note. “For the yen to strengthen further, the BOJ will have to signal that they are planning to stick to the faster pace of hikes.” TD Securities analysts said not putting another rate hike on the table for either the October or December meeting risks a knee-jerk dollar/yen rally back to 157 to 160. The yen is up ⁠4% this month on the back of expectations that the BOJ will be faster in delivering rate hikes and signs of potential repatriation of assets by domestic investors. “Not hiking would be a catastrophic error. Not communicating robustly will be a significant own goal,” said James Athey, fixed-income portfolio manager at Marlborough, adding that expectations about repatriation and GPIF asset allocation changes are playing a significant role in the yen move. [...]

Oil prices jump more than 2% after new strikes on Saudi, Strait of Hormuz

September 14, 2026 2:44

BEIJING: Oil prices jumped more than 2% on Monday, after new Houthi strikes on Saudi Arabia and Iranian attacks on ships in the Gulf compounded supply concerns following the closure of a key Saudi oil pipeline. Brent crude futures rose $2.90, or 2.77%, to $107.51 per barrel as of 2313 GMT. WTI futures rose $2.27, or 2.27%, to $102.32 per barrel. Prices had initially risen more than 3% at market open. Saudi Arabian state media on Sunday released video footage of damage to homes ⁠and a mosque from what it said was a Houthi attack on the country’s southern Jazan province. The Houthis said they had also struck a Saudi military base in a neighbouring province. A vessel in the Strait of Hormuz was struck by a projectile, causing a fire and forcing the crew to be evacuated, the British maritime security agency UKMTO said on Sunday. Iran said one person was killed and four crew wounded aboard an Iranian commercial vessel struck off its coast. Oil prices had been expected to rise on Monday amid growing concerns about risks to supply from Saudi Arabia, the world’s largest oil exporter, whose East-West oil pipeline was shut on Friday by a drone strike that originated in ‌Iraq. The ⁠loss of the pipeline, which helped Saudi Arabia re-route its exports avoiding the Strait of Hormuz, threatens up to 4% of global oil supply. Meanwhile, Yemen’s Houthis had reached the strategic island of Perim on Friday, moving to tighten their control over the Bab el-Mandeb Strait, another key oil transit lane that has been shipping 4-5% of global supply in recent months. Oil surged 8% ⁠higher on the week due to the disruptions, rising above $100 for the first time since July. “Looking ahead, unless this week’s talks in Oman produce something operational — or the East-West pipeline is brought back online quickly — the risk is that crude oil continues to ⁠extend its gains toward the $119.48 high of early March,” IG market analyst Tony Sycamore said in a note on Sunday. Houthi attacks target Saudi refinery Omani Foreign Minister Badr Albusaidi said on X later on Sunday, however, that a scheduled Monday meeting in ⁠Oman between Gulf countries and Iran to discuss the Strait of Hormuz had been postponed. No peace talks have been held in the war, launched six months ago by the United States and Israel, since an interim agreement in June collapsed after a few weeks. [...]

Saudi pipeline outage threatens loss of 4% of global oil supply

September 13, 2026 1:29

LONDON: Saudi Arabia will run out of oil stocks for exports if it doesn’t restart its major pipeline to the Red Sea within days, leading to a loss of up to 4% of global supply, Saudi oil buyers and traders said. A further decline in Saudi flows will worsen the global supply crunch, which has already pushed global fuel prices to record highs, spurred inflation around the world and sent U.S. bond yields to the highest levels since the 2008 financial crisis. Since drone attacks forced Saudi Arabia to shut its huge east-west oil pipeline on Friday, Riyadh has not given full details about the extent of the damage or how long the route will stay off-line. Sources that spoke to Reuters gave varying estimates, with one saying the damage could take as long as five to six weeks to repair, while another said it could be fixed sooner and could resume pumping partially while repairs are ongoing. Saudi Arabia’s government media office and energy ministry did not immediately respond to requests for comment. For the past six months, the pipeline running through the desert across the Arabian Peninsula has spared Saudi Arabia from the brunt of the impact of the wartime shutdown of the Strait of Hormuz that has crippled exports from its neighbours. The world’s biggest exporter has used the pipeline to reroute around 4 million barrels per day — around 4% of global supply — to the port of Yanbu on the Red Sea. But with the pipeline out of service, Yanbu now has stocks to maintain exports for just five to seven days, according to three industry sources familiar with Saudi exports. Saudi Arabia also has stocks to supply customers for several days from Egypt’s ports of Ain Sukhna on the Red Sea and Sidi Kerir on the Mediterranean, a fourth source said. Yanbu storage capacity stands at around 35 million barrels, according to industry estimates, with Ain Sukhna and Sidi Kerir able to store 18 million and 20 million barrels respectively. Stocks are not full and will ultimately run out without the east-west pipeline resuming operations, the four sources said. Saudi oil supply has already fallen to a more than three-decade low in August on reduced flows via Hormuz and the Red Sea, the International Energy Agency said on Friday. World oil supply will decline this year by 5.7 million bpd, or about 6%, the IEA, which coordinates Western energy policies, said. In addition to the attack on the pipeline, Houthi fighters in Yemen who have threatened Saudi oil shipments seized an island on Friday in the mouth of the Red Sea. The Middle East supplied around 22 million barrels per day of oil before the war. Flows through the Strait of Hormuz have slowed to just 6 million to 9 million bpd, industry sources say. Saudi Arabia told OPEC last week that its oil production had dropped to just 6.2 million bpd in August from 10.9 million bpd in February before the start of the war. [...]

German firms lift China investment as US outlays fall, IW study shows

September 13, 2026 8:29

BERLIN: German companies increased investment in China by a third in the first half of 2026 while sharply reducing investment in the ‌United States, according to a study by the German Economic Institute (IW) seen by Reuters on Sunday. German firms invested €5.6 billion ($6.50 billion) more in China than in the same period of the previous year, ⁠based on IW’s analysis of Bundesbank data. The figure was in line with the average half-year investment level between 2020 and 2025. Trump says US-Canada trade deal likely ‘fairly soon’ “German companies have little choice but to continue investing in China,” IW’s Juergen Matthes said, describing the country as both an important sales market and a “gym” where companies can build up ‌their ⁠competitive muscle. Matthes said state subsidies and an undervalued yuan made production in China artificially cheap, encouraging German companies to expand locally to compete with Chinese rivals globally. “For Germany, this ⁠means production and jobs are shifting to China,” Matthes said. “The EU should put a stop to this unfair game ⁠and impose countervailing tariffs on Chinese imports.” Investment in the US fell by nearly two-thirds to around €4.3 billion, ⁠the study said, amid trade tensions and US tariffs imposed by President Donald Trump. [...]

OpenAI's Altman won't do IPO this year, calls AI extinction risk 'unacceptable'

September 13, 2026 5:55

LOS ANGELES: OpenAI will not go public in 2026, Chief Executive Sam Altman said in remarks published ‌on Saturday, citing safety concerns over artificial intelligence that render “unacceptable” even a 10% risk that AI could cause human extinction by decade’s end. The comments come as more US lawmakers urge new rules to govern AI systems after dire warnings from two researchers from OpenAI rival Anthropic that rapidly progressing AI could lead to the extinction of the human race in the not-too-distant future. “I actually think that, given everything happening with safety, right now would be an ill-advised moment to go public, and we don’t feel pressure on that,” Altman told business magazine Fortune. Asked if there ⁠was a 10% chance of AI-driven extinction, Altman said he did not know how such an estimate could be made, but warned the risk was serious enough that AI companies and governments should act as though it could not be tolerated. “Whether it’s 10 or eight or six, the point is, we all have a tremendous amount of responsibility, and cannot let egos or incentives for profit or anything else get in the way,” Altman added. “We need to act such that we are not taking any of those numbers of risk, and I believe we can.” Instances of ai agents going rogue Politicians, both Democrat and Republican, have responded with alarm and calls for more action after cases of AI agents going rogue to hack external systems and AI safety researchers quitting their companies out of concern at the technology risks. In June, the New York Times said San Francisco-based OpenAI was considering whether to ‌hold ⁠off until next year on a potentially trillion-dollar IPO. At the time, shares in Elon Musk’s SpaceX IPO were tumbling after a surge that sent that company’s valuation to $1.8 trillion. Asked by Fortune if an IPO date of 2026 was off the table in favor of 2027, Altman said, “I would say not 2026. “We got a lot of stuff to do, like meeting this moment of what is going to be required for safety and alignment, and how the industry and governments can work together.” OpenAI appeals data preservation order in NYT copyright case Altman ⁠also suggested that OpenAI and other leading AI firms may be close to unveiling a pact to slow AI development and work together to tackle safety risks, Fortune said. Call for more deliberate approach On Saturday, Anthropic CEO Dario Amodei urged AI companies to take a more deliberate approach to development. “We must slow the pace at which we improve ⁠the capabilities of AI models,” Amodei wrote in an essay on X. Altman later posted that he agreed with the sentiment. “I agree with Dario that we need to pace the frontier,” Altman wrote. “This has been a primary topic of discussions we’ve had at OpenAI in recent weeks.” Safety concerns have not ⁠slowed Anthropic’s own IPO plans. It is expected to begin marketing its initial public offering in mid-October at the earliest and complete the listing days before the US midterm elections in November, people familiar with the matter told Reuters this month. [...]

Speculators turn net long on yen for first time since February

September 13, 2026 5:16

TOKYO: Speculators turned to a net long position on the yen for the first time since February, data showed ‌late on Friday, a display of growing momentum behind Japan’s beleaguered currency. Yen futures data from the Commodity Futures Trading Commission showed net non-commercial positions amounting to 10,796 long contracts in the ⁠week to September 8. That is a reversal from net shorts of 92,227 for the week prior and the first overall long reading since February 24. The yen has surged this month on expectations for an accelerated schedule of rate hikes by the Bank of Japan and a potential repatriation of ‌assets ⁠by local investors. Yen extends rally to new seven-month high; dollar subdued ahead of CPI The dollar-yen rate reached 152.89 on September 8, the strongest level for the currency since February 17. A years-long weakening trend for the yen ⁠accelerated with the election of fiscal dove Sanae Takaichi as prime minister last October and a sense that the ⁠BOJ was behind the curve in tightening monetary policy. The yen slid to a four-decade low of ⁠163.99 per dollar in July before a market intervention by Tokyo and Washington to bolster the currency. [...]

Hyundai Motor to roll out in-house driver-assist system in 2029

September 13, 2026 5:12

SEOUL: Hyundai Motor Group will launch vehicles equipped with its proprietary driver-assistance software in late 2029, two years later than planned, turning to Nvidia in the interim to accelerate deployment. The South Korean automaker will partner with the US chipmaker to roll ‌out advanced driver-assistance systems (ADAS), known as Level 2+ and Level 2++, in 2028, a Hyundai executive said. The shift underscores the challenges Hyundai faces in developing automated driving software in-house, a project originally slated for a late-2027 debut, while raising concerns over its deepening reliance on Nvidia. The delay has fuelled worries that the automaker could fall further behind Tesla and Chinese rivals in the race ⁠to commercialise vehicle autonomy. “Our partnership with Nvidia is not about leaving our destiny entirely in their hands,” Park Min-woo, a president at Hyundai Motor Group, told a media briefing. Park said Hyundai will co-design the technology with Nvidia and use the data from the system to train and refine its own software platform, dubbed Atria. Park, a former Nvidia executive who joined Hyundai in January, has spearheaded the automaker’s deepening ties with the chipmaker. His strategy marks a shift from that of his predecessor, Song Chang-hyeon, who focused heavily on internal software development before his abrupt departure in December. Nvidia forecasts 70% sales growth next year, signals AI spending boom has years left to run Hyundai vehicles powered by Nvidia’s Hyperion 10 ‌platform ⁠will initially bypass expensive lidar sensors in favour of cameras, ultrasonic sensors and a radar, Park said. However, Hyundai is considering lidar for its Level 3 automated systems, which allow hands-off driving under specific conditions. “To truly ensure safety, we believe sensor redundancy is critical: if one sensor fails, others must be able to maintain safe operation,” Park ⁠said, without providing a timeline for Level 3 commercialisation. Hyundai and affiliate Kia Corp, which together rank as the world’s third-largest automaker with annual sales exceeding 7 million vehicles, plan to use their global fleet scale to harvest data ⁠to train their autonomous driving technology, Park said. Hyundai said it expects to surpass competitors in accumulated driving data by 2033. Hyundai Motor Group is deepening collaboration with Nvidia spanning autonomous driving, artificial intelligence data ⁠centers and humanoid robots developed by Hyundai-owned Boston Dynamics. “Level 2+” generally refers to more capable driver-assistance systems that work on highways, while “Level 2++” systems can handle more complex urban driving, similar to Tesla’s Full Self-Driving system. Both still require driver supervision. [...]

Pakistan, Qatar explore trade routes linking Middle East, Türkiye, Europe

September 12, 2026 1:49

Pakistan and Qatar have discussed establishing broader regional trade linkages through the Middle East and Central Asia, potentially connecting Pakistan with Türkiye and European markets, in a move aimed at expanding transit and bilateral trade opportunities. The development came during a series of bilateral meetings held between Federal Minister for Commerce Jam Kamal Khan and regional counterparts on the sidelines of the Belt and Road Summit, focusing on trade, connectivity, food security and emerging technologies. The minister separately met his counterparts from Sri Lanka, Bangladesh and Qatar, while also holding discussions with the Secretary General of the International Organization for Mediation (IoMed), the statement said. The engagements focused on expanding bilateral trade, strengthening regional connectivity and developing greater cooperation in emerging economic and technological areas. During his meeting with Qatar’s Minister of State for Foreign Trade Affairs, Ahmad bin Mohammad Al Sayed, both sides exchanged views on the latest developments in the Middle East and their wider regional and economic implications. Jam Kamal appreciated Qatar’s resolve and commitment to maintaining peace and stability in the region. Meanwhile, the Qatari Minister acknowledged Pakistan’s significant contribution towards regional peace and highlighted the positive impact of its efforts. Regional connectivity and the Belt and Road Initiative featured prominently in the discussions, with both sides exploring new avenues for transit and trade through the Middle East and Central Asia. The two ministers also discussed the potential for connecting Pakistan and Qatar through broader regional trade routes extending through the Middle East towards Türkiye and onward into Europe. Bilateral trade was also discussed, with both sides reaffirming their commitment to exploring new areas of economic cooperation and expanding existing trade volumes. The minister also held a meeting with Sri Lanka’s Minister for Trade, Commerce, Food Security and Development, Wasantha Samarasinghe, where both sides discussed ways to strengthen bilateral trade and economic cooperation, including expansion and greater utilisation of Pakistan’s first-ever Free Trade Agreement (FTA). The two ministers emphasised the importance of enhanced business-to-business and people-to-people exchanges and explored opportunities for closer cooperation in connectivity and infrastructure. The Sri Lankan Minister highlighted the growing importance of artificial intelligence and cyber security. Jam Kamal pointed to the increasing role of digitalisation in economic development and said developing countries should explore emerging technologies while simultaneously building their capacity to address associated challenges. The two sides also discussed food security, particularly its impact on poorer and developing nations, as well as the implications of tensions in the Middle East for the global economy and international trade. Jam Kamal thanked Sri Lanka for its support in the reclassification of Pakistani kinnow for improved market access. The Sri Lankan minister, in turn, appreciated Pakistan’s cooperation regarding Sri Lankan pineapples, avocados and king coconut. Both sides also explored avenues for greater cooperation in regional connectivity and infrastructure development. In a separate meeting with Bangladesh’s Minister of Commerce, Industry, Textile and Jute, Khandakar Abdul Muktadir, discussions were held in a cordial atmosphere, with both sides reaffirming their commitment to strengthening economic cooperation and brotherly relations between Pakistan and Bangladesh. The Bangladeshi side appreciated Pakistan’s commitment to regional solidarity and peace and acknowledged its role in efforts aimed at resolving regional tensions. Recalling his recent visit to Bangladesh, Jam Kamal highlighted the considerable scope for stronger cooperation, greater economic exchanges and closer ties between the two countries. Jam referred to Pakistan’s rice exports to Bangladesh as an encouraging example of expanding bilateral trade and said there was significant potential to diversify trade into other areas, including textiles. The Bangladeshi minister expressed interest in exploring avenues for sharing expertise and experiences in developing industries and promoting greater industrial cooperation between the two countries. The ministers agreed that the Belt and Road Initiative and stronger regional connectivity could play an important role in shaping the economic future of the region and creating new opportunities for trade and development. The commerce minister also met Teresa Chan, Secretary General of the International Organization for Mediation (IoMed). Chan briefed Jam Kamal on the organisation, established in 2025, and highlighted Pakistan’s role as a contracting and founding member and its important contribution to the organisation. The meeting discussed the growing role of mediation in resolving disputes involving governments and private organisations, with IoMed poised to contribute towards peaceful and institutional dispute resolution. [...]

Gold price gains Rs400 per tola in Pakistan

September 12, 2026 10:17

Gold prices in Pakistan increased on Saturday in line with their gain in the international market. In the local market, gold price per tola reached Rs457,136 after a gain of Rs400 during the day. Similarly, 10-gram gold was sold at Rs391,920 after it accumulated Rs343, according to rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). On Friday, gold price per tola reached Rs456,736 after a decline of Rs5,600 during the day. The international rate of gold increased by $4 to reach $4,346 per ounce earlier today. Meanwhile, the price of silver also increased by Rs53 to reach Rs6,924 per tola. [...]

Govt hikes petrol by Rs5.02, diesel by Rs5.28 for fifth straight review

September 11, 2026 6:28

The government continued to raise petrol and high-speed diesel (HSD) prices at its final review of the week on Friday, increasing them by Rs5.02 and Rs5.28 per litre, respectively, for a fifth straight hike in petroleum prices. The new prices will remain effective from Saturday, September 12, till Monday, September 14, 2026. It was the fifth consecutive increase in petroleum prices in Pakistan. In last five days, the government has increased the petrol price by Rs29.95 and diesel by Rs25.27 per litre. According to a notification issued by the Ministry of Energy (Petroleum Division), the Oil and Gas Regulatory Authority (OGRA) on Friday revised the ex-depot prices of petroleum products under the government’s petroleum pricing mechanism. The price of Motor Spirit (petrol) was raised by Rs5.02 per litre, taking it from Rs370.80 to Rs375.82 per litre. HSD saw a hike of Rs5.28 per litre, rising from Rs398.04 to Rs403.32 per litre. The new prices will remain in effect until Monday, in line with the government’s ongoing practice of adjusting fuel prices based on international oil markets and other cost factors. In the previous review on Thursday, the government increased the price of petrol by Rs3.05 per litre and diesel by Rs5.37 per litre. Internationally, oil prices fell on Friday but remained on course for a weekly gain of more than 9%, while US diesel prices hit a record high as attacks ‌along Middle East shipping routes stoked concerns about prolonged supply disruptions. Brent crude futures were down $2.46, or 2.29%, at $105.17 a barrel at 11:33 am. (1633 GMT). [...]

Investment in local, global stocks gains momentum in Pakistan

September 11, 2026 4:07

Investment trends in Pakistan are changing rapidly, with growing interest among young people in the local as well as global stocks, reflecting rising awareness of financial planning and investment opportunities. According to the Securities and Exchange Commission of Pakistan (SECP), the number of investor accounts in the country’s stock market increased by a record 48% during the last fiscal year. Investor accounts rose to 583,052 at the end of FY2025-26 from 392,775 a year earlier, with around 190,300 new accounts opened during the year, the highest annual increase on record. Young investors accounted for a significant share of this growth. People aged 18 to 30 opened 45% of the new accounts between January and June 2026, while those aged 31 to 45 accounted for another 41%, according to the regulator. The equity market delivered a stellar year in FY2025-26, with the benchmark KSE-100 Index gaining 44% in rupee terms and 46% in US dollar terms. Ibrahim Amin, a banking and financial sector expert, said awareness about investment in the local equity market had increased significantly, particularly among younger people, largely due to social media, digital marketing, and the introduction of mobile applications and digital platforms by brokerage houses. He said improved regulatory facilitation and easier access to the equity market had also encouraged more young people to invest their savings in the Pakistan Stock Exchange (PSX). “People’s saving habits are gradually changing from keeping cash at home or relying solely on traditional savings to investing through formal financial institutions and markets. This reflects growing financial literacy and could also contribute to improving the country’s savings-to-GDP ratio,” he said. There is also significant potential for the local equity market and global stocks to attract Pakistan’s growing freelance and digital workforce, as many freelancers or youngsters remain unaware of the relatively accessible investment and trading opportunities available to them, said Mr Amin, who is also Chairman of the Pakistan Freelancers Association (PAFLA). In 2025, the PSX was among the high-performing equity markets globally and continued to attract investment from both domestic and international institutional and individual investors. Gracy Chen, CEO of Bitget, the world’s largest Universal Exchange, said Pakistan is emerging as a significant market for young investors seeking access to a wider range of investment opportunities, including global stocks and cryptocurrencies. She said the growing participation of young investors in the local equity market could encourage greater confidence in investing in high-return assets, including digital or tokenised versions of traditional stocks such as Apple, Tesla, Nvidia, Amazon, Meta and Microsoft, which can be accessed through digital trading platforms. “With a large and increasingly digital-savvy youth population and a freelance workforce of nearly three million, Pakistani investors have the potential to increase their participation in global financial markets, particularly in international equities,” she said. Ms Chen said investors are increasingly likely to prefer platforms that offer access to multiple asset classes, including cryptocurrencies, tokenised stocks, exchange-traded funds (ETFs), commodities and foreign exchange through a single account. “Having access to different markets through one platform provides greater convenience, allowing investors to diversify their portfolios without having to switch between multiple platforms,” she added. Pakistan authorities are working to improve the investment climate for both local and foreign investors, enabling various global companies to establish operations in the country. As investment options continue to expand, competition among local and international players is expected to intensify in the future. However, investors are likely to prefer opportunities that offer greater convenience, accessibility and choice. [...]

Pakistan rupee registers gain against US dollar

September 11, 2026 3:41

The Pakistani rupee extended its marginal gains, appreciating 0.01%, against the US dollar in the interbank market on Friday. The local unit closed the day at 277.32, a gain of Re0.03 against the greenback. On Thursday, the Pakistani rupee settled at 277.35 against the dollar. Also read: Rupee to hold at Rs278/USD in 2026 as Pakistan’s FX buffers improve: BMI Internationally, the US dollar held near its highest-levels of the past week and the yen slipped for a second day at the start of Asian ‌trading on Friday as renewed fears of energy supply disruptions in the Middle East pushed up bond yields and oil prices. The US dollar index, which measures the greenback’s strength against a basket of six currencies, was trading at 99.081, holding steady after gaining 0.3% on Thursday to reach its highest level since September 7. The rise followed the release of data showing US producer prices increased 0.4% in August, meeting market expectations as energy prices rebounded during the month. Oil prices, a key indicator of currency parity, fell on Friday but remained on course for a weekly gain of more than 8% while US diesel prices ‌hit a record high as attacks along Middle East shipping routes stoked concerns about prolonged supply disruptions. Brent crude futures were down $3.28, or 3.05%, to $104.35 a barrel at 1309 GMT. Inter-bank market rates for dollar on Friday BID Rs 277.32 OFFER Rs 277.52 Open-market movement In the open market, the PKR gained 2 paise for buying and 3 paise for selling against USD, closing at 278.22 and 279.05, respectively. Against Euro, the PKR gained 75 paise for buying and 71 paise for selling, closing at 322.11 and 325.04, respectively. Against UAE Dirham, the PKR gained 1 paisa for buying and lost 2 paise for selling, closing at 75.66 and 76.28, respectively. Against Saudi Riyal, the PKR lost 2 paise for buying and 1 paisa for selling, closing at 73.96 and 74.48, respectively. Open-market rates for dollar on Friday BID Rs 278.22 OFFER Rs 279.05 [...]

Goldman Sachs now expects Fed to hike rates in September

September 14, 2026 3:08

Samsung, SK Hynix reject KEPCO's $19 billion power prepayment proposal, document shows

September 14, 2026 3:05

Shares skid in Asia as oil rises, rate hikes loom

September 14, 2026 2:55

Dollar steady, yen near 7-month high ahead of Fed, BOJ meetings

September 14, 2026 2:50

Revival of industries: ‘Pakistan needs intelligent initiatives’

September 14, 2026 2:44

KARACHI: Ateeq-ur-Rehman Economic and Financial Analyst has said that Pakistan need intelligent initiatives, plan and targets for revival of our shrinking industries, declining manufacturing and enormously expanding the trade gaps almost with every country in the world, also. The following bottlenecks are devastating industrial productivity, high policy rates, high energy tariffs, elevated petroleum prices, reliance heavily on imported raw material and chemicals, tremendous rise in shipping cost and expensive loans with heavy cost of credit. The financial assistance on easy terms by the financial institutions / banks and upcoming digital banks to production line is eminent for the further growth of economy as we cannot continue with 24- 25 pc shrinking industries, large trade deficits and with a heavy balance of payment crisis said Ateeq. There is a great need of mortgage financing with secure source of long term funding and attractive rates for individuals and every house hold. Government and financial institutions is requested for serious consideration of this aspect of lucrative and productive financial mode. He appreciated Prime Minister Shehbaz Sharif’s direction to the financial institutions / banks to expand and boost lending for agriculture, SMEs, housing sector. As the agriculture is the backbone of our country, economy and its development. Farmers and peasants, requires continuous and uninterrupted access to finance on easy terms, always. The latest example is the bumper cotton crop, which driven by exceptionally favourable weather and supported by authorities, the cotton arrivals surged unexpectedly by 27 percent to nearly 1.7 million bales as of August 31 2026, significantly improving crop quality and reducing reliance on imports said Ateeq ur Rehman (economic and financial analyst). Easy access to finance for the need of affordable housing particularly for low and middle income groups is going to be a brilliant move. People who are traditionally excluded from formal banking can gain access to structured housing finance. Families can move from informal or inadequate housing into safer and more secure homes. Greater access to ownership can reduce the long term burden of continuously rising rental costs. Thus, a home shall become a long term family asset and can improve household financial security. The SMEs with a largest size of 82 percent of our total economy are said to be the main participants of the economy by contributing 45 percent share in the GDP as a whole, including the main lot of vendors, shopkeepers, traders, importers, exporters and middle man, etc. In our country and in the past SMEs have been neglected, constantly, there has been problems with their “limited access to credit” and “heavy cost of borrowing” he added. The cost of credit is not only expensive but borrowing is as difficult as a “hard nut to crack”. We have seen that banks have never preserved separately and allocated funds for their credit line and financing of SMEs. Lengthy procedures for registration, licensing and compliances were an excessive bureaucratic approach that was routine of the day. Now, the initiative by the government would encourage institutions that actively supported these areas. The “access to finance plan 2026-28” is a great initiative, it is said that the lending to SMEs stood at Rs.1.067 trillion with a target of Rs.2 trillion by June 2028. Copyright Business Recorder, 2026 [...]

Oil prices jump more than 2% after new strikes on Saudi, Strait of Hormuz

September 14, 2026 2:44

Businesses urged to accelerate investments in AI, digital skills

September 14, 2026 2:41

KARACHI: Experts have urged the Pakistani organisations to accelerate massive investment in digital and artificial intelligence (AI) readiness to equip their workforce for the rapidly changing world of work. They stressed that this preparation should go beyond technical skills to strengthen critical thinking, creativity, communication and other human capabilities that technology cannot easily replace. Speaking about human resource development in the current AI era, Shahrukh Masood, Chief People Officer at Martin Dow Group, has said that with the emerging AI, organisations need to focus on continuous learning, skill development and preparing employees for changing workplace demands to perform better. He said the future of work is rapidly shifting from traditional job titles to skills, digital capabilities and adaptability, with AI expected to become an integral part of the workplace for an improved output. Pakistan; however, risks falling behind unless it urgently bridges the gap between academic qualifications and the employability skills demanded by a changing economy, including critical thinking, communication, digital fluency, problem-solving and adaptability, he added. “Pakistan has tremendous potential because we have a young workforce, but it is not yet fully prepared. The pace of change in the workplace demands a much more fundamental shake-up of how we design and deliver education,” he said. He said that Pakistan needs a much stronger bridge between education and employment. Universities should place greater emphasis on practical application, critical thinking, communication, technology and problem-solving, he said and added that at the same time, businesses need to engage earlier with educational institutions through internships, apprenticeships, industry projects, mentoring and exposure to real workplaces. He also highlighted the potential of AI to democratise access to high-quality learning and career guidance, particularly for young people who may lack access to traditional professional networks, mentors and career development opportunities. “AI should be viewed as a workforce transformation challenge rather than merely an IT initiative, requiring organisations to identify which jobs and tasks are likely to change, which skills will become more valuable and where employees will need to be reskilled,” he said. He also stressed the need to build a culture of continuous learning, saying the skills required today may not remain relevant five years from now. Employees should be encouraged to share ideas, question existing practices, experiment and learn from failure. Learning, he added, should extend beyond formal training to practical experience and professional growth. The UAE, he noted, has demonstrated the value of deliberate investment in talent, technology, international exposure and diverse workforces. Pakistani organisations can draw valuable lessons from this experience while developing workforce models suited to the country’s own economic, social and business environment. “We also need to become more comfortable with diversity of thought, international experience and non-linear career paths,” he added. Copyright Business Recorder, 2026 [...]

Xi pushes ‘Greater BRICS’ economic ties

September 14, 2026 12:51

NEW DELHI: Chinese President Xi Jinping unveiled on Sunday initiatives in areas ranging from AI to trade to deepen cooperation among the “Greater BRICS” emerging economies, as Beijing seeks to weld the grouping into a practical platform for Global South development. Cooperation in areas from politics and security to economics and finance are the main focus areas of the grouping, with 2026 chair India and 2027 chair China seeking wider partnership to boost its global clout. The success of the “Greater BRICS Initiative” depends on laying a solid foundation for pragmatic cooperation, Xi told the leaders’ annual summit in New Delhi, the official Xinhua news agency said. ‘Greater BRICS’ nations should further co-operate, maintain the stability of industrial and supply chains, and cultivate an integrated market, Xi told the summit’s closing session. China will take the lead in establishing a BRICS AI Open Source Zone to promote cooperation on large language models, AI training and an open AI ecosystem, Xi added. He also proposed a BRICS Special Economic Zone partnership and said China would host a BRICS Service Trade Forum next year to boost trade and investment ties. Expanded role for ‘greater BRICS’ grouping BRICS has expanded to include Iran, Indonesia, Egypt, Ethiopia and the United Arab Emirates beyond an original membership of Brazil, Russia, India, China and South Africa two decades ago that aimed to transform a world order dominated by the United States. In addition, 10 partner countries span emerging economies across Asia, Africa, Latin America and the Middle East, broadening its reach across the Global South. China and Russia sometimes refer to this larger bloc as “Greater BRICS”. Brics helps create fairer world order, Putin says The benefits of solutions developed within BRICS should not stay limited to BRICS alone, but should be made adaptable and accessible to meet the needs of the Global South, Indian Prime Minister Narendra Modi said in remarks earlier. Russian President Vladimir Putin called BRICS a powerful driving force towards creating a new, fairer and multipolar world order, urging its members to find ways to combine the competitive advantages of their individual economies. The summit comes amid renewed fighting in the Gulf region, with tit-for-tat attacks by the United States and Iran and Iran-backed Houthis widening the conflict by launching attacks on Saudi Arabia. But the weekend summit scored an important diplomatic goal on Saturday, when it managed to forge consensus on a joint declaration backed by Iran and the UAE. In general terms, the declaration expressed deep concern over the continued escalation of tension in the Middle East and urged the exercise of maximum restraint. Separately, Iranian President Masoud Pezeshkian also met the Crown Prince of Abu Dhabi on the sidelines, in the highest-level meeting of the two countries’ officials since the start of the conflict. They discussed issues ranging from de-escalation and stability, and efforts to advance regional peace and development. [...]

Moot urges corporate boards to move beyond compliance

September 13, 2026 11:59

KARACHI: Pakistan’s corporate boards need to move beyond compliance and play a more active role in addressing economic uncertainty, technological disruption, cybersecurity, sustainability and succession challenges, business leaders and governance experts said at the Pakistan Institute of Corporate Governance (PICG) Directors’ Summit 2026. Held under the theme “The Showcase: Your Leadership, Your Impact,” the summit brought together more than 350 directors, business leaders, regulators and senior executives to discuss the role of stronger governance in building resilient and future-ready institutions. PICG Chairman Muhammad Ashraf Bawany said good governance was increasingly about building trust, creating sustainable value and strengthening institutions rather than simply meeting compliance requirements. “Through better leadership and stronger boards, we can help build a more prosperous and resilient Pakistan,” he said. PICG CEO Shafaq Fauzil Azim also addressed the gathering, which included a tribute to the late Dr Shamshad Akhtar for her leadership and contributions to Pakistan’s economic development, governance and public institutions. Chief Guest Muhammad Ali Tabba, Chairman, YBG, described good governance as the foundation of business and stressed the need for governance to be embedded across organisations. Pakistan Stock Exchange (PSX) CEO Farrukh H Sabzwari highlighted transparency, accountability, market integrity and investor confidence, while also stressing diversity and greater inclusion at board level. Former Minister for Investment Muhammad Azfar Ahsan emphasised the importance of policy predictability and strong institutions, urging boards to anticipate economic and regulatory changes. A panel on agile boards examined the expanding role of directors in managing geopolitical, supply-chain, economic and climate-related risks. Discussions focused on scenario planning, resilient capital allocation and stronger decision-making. A Family Legacy panel addressed succession and governance challenges in family-owned businesses, including the balance between legacy and reinvention, family ownership and professional management, and continuity, merit and inclusion. Technology was also a key focus of the summit, with the Boards Governing Innovation & Technology panel examining board oversight of cybersecurity, artificial intelligence (AI) and digital transformation. The discussion stressed that technology investments should contribute to long-term value creation. A fireside conversation featuring Narayanan Vaidyanathan of ACCA and Zulfikar Causer of BDO focused on AI governance, accountability and emerging risks, with emphasis on the need for boards to oversee both the opportunities and risks associated with AI. Kabeer Naqvi of Abhi Microfinance Bank discussed governance as an enabler of digital banking innovation and financial inclusion. Zaffar A Khan, Chairman, PCP, highlighted governance, leadership and institutional capacity as foundations for the non-profit sector. Dr Syed Amir Ali, CEO, Meezan Bank Limited, discussed the integration of sustainability, governance and innovation into Islamic finance strategies. In his closing keynote, Hussain Dawood, Chairman, Engro Holdings Limited, emphasised visionary leadership, responsible decision-making, trust and resilience as foundations for lasting institutional value. The summit concluded with the PICG Recognition Awards and reiterated the role of corporate boards in anticipating disruption, challenging assumptions and taking decisions aimed at building stronger and more sustainable organisations. Copyright Business Recorder, 2026 [...]

US products: Canadian boycott pushes grocers to adapt, explore new supply sources

September 13, 2026 11:59

TORONTO: A growing consumer push to buy Canadian and boycott US products is reshaping supermarket shelves in Canada, forcing grocers to improve country-of-origin labeling and secure new sources of supply. In Ontario, the president of independent grocer Vince’s Market, Giancarlo Trimarchi, turned to Facebook to show customers that most produce on the shelves of his stores is Canadian after receiving angry emails and comments about the grocer stocking US produce. A bitter trade war between the United States and Canada has made consumers more conscious of where their dollars go. “Buy Canadian” movements started last year after US President Donald Trump imposed tariffs on Canadian goods. They have intensified in recent weeks after trade talks broke down and Trump signed an executive order to change the name of Lake Ontario to Lake America. “It is a lot more aggressive this time around than last year,” Trimarchi said in an interview. Trump told reporters in Dublin on Saturday that Canada is eager to reach a trade deal with the United States and that an agreement could come “fairly soon,” while repeating his complaints that Canada has treated US farmers unfairly and should remove tariffs. A balancing act Trimarchi’s four stores, spread across the Greater Toronto Area, now have about 90% Canadian produce. Trimarchi is now sourcing strawberries from Quebec instead of the United States and said he has cut his advertising budget as the changes have pressured operating costs. “We were always put in a position where you had to balance quality versus price. Now it’s quality versus price versus country of origin,” Trimarchi said. Loblaw Cos, Canada’s largest food retailer, in August brought back large signs featuring a maple leaf in its produce and fresh-food sections after a brief hiatus to flag the Canadian origins of products. Loblaw also reintroduced a “T” tag to inform customers which products are affected by tariffs and make Canadian products easier to identify. Metro, the country’s third-largest grocer, said it would continue to prioritize local Canadian products in the current context. “There has been a permanent change in the Canadian psyche,” said Gary Sands, senior vice president of public policy and advocacy for the Canadian Federation of Independent Grocers. Canada is the world’s fifth-largest importer of fresh vegetables by value. The United States is still the biggest supplier of fresh produce, accounting for more than half of the imports, followed by Mexico. However, the share of Canada’s vegetable imports from the United States fell to 62.6% in July, the latest government data showed, from 69% in the same month of 2023, before Trump was elected. More than half of Canada’s fruit imports came from the United States as of July. Trade talks broke down on August 21, spurring a new round of tariffs and counter tariffs. ‘A way to help’ John Ambard, 27, a software engineer who lives in downtown Toronto, said he has tried to avoid buying American products when possible, preferring to support Canadian brands and businesses. Ambard said he checks product labels and researches companies online to identify Canadian-made goods. “I think, honestly, if I can support Canadian products and Canadian institutions through these tough times, I think that’s a way to help in my small way,” Ambard said. “I’m a little bit mad with America right now with how things are going. The attitude has just not been that of a friend.” Canada’s harsh winters present a challenge for fresh produce, and grocers typically rely on greenhouses, stocked root vegetables or imports, which are usually more cost-effective. But the change in sentiment toward the United States could push grocers to explore more local suppliers, experts say, while Canada invests in building a more self-reliant food system. The Canadian government is investing about C$3 billion over 10 years to build greenhouses to increase production during the harsh winter months. It is also trying to lower food inflation — among the highest in the Group of Seven developed nations — by increasing the domestic food supply. [...]

Prices of kitchen items in Peshawar show mixed trend

September 13, 2026 11:59

PESHAWAR: Mixed trend in prices of important kitchen items was witnessed in the retail market. A weekly survey carried out by Business Recorder here Sunday revealed that most of daily use items including flour, sugar, eggs, live chicken, vegetables, pulses, fruits and others have touched a new peak in the open market. According to the survey, prices of live chicken remained high as the commodity was available at Rs375 per kilogramme in the retail market. The survey said the one kilogramme cow meat without bone was being sold at Rs1350 and cow meat with bone is being sold at Rs1500 per kilogramme against the official rates of Rs900 per kilogramme. Mutton beef was being sold from Rs2800 to Rs3000 per kg in the open market, the survey added. Price of sugar remained unchanged as the commodity was being sold at Rs152 per kilogramme in the retail market. Lemon was available at Rs400 per kilogramme against the price of Rs500 per kilogramme while green chilli was being sold at Rs100-150 per kilogramme. Prices of LPG gas also remained high in the open market, the survey said. Traders and wholesalers in the provincial metropolis Peshawar told this scribe that prices of flour have increased due to consistent ban on wheat and flour supply from Punjab to Khyber Pakhtunkhwa and expressed fear the prices would further go up in the coming day. A 20-kg flour bag has increased at Rs3200 against the price of Rs3000 and Rs2900 in the wholesale and retail market which was selling at Rs2700 and Rs2500 respectively in the previous week, the survey said. Price of 80-kg sac has gone up at Rs14000 against the price of Rs13000 in the wholesale market. Price of onion has touched a new peak after the unprecedented tomato price increase in the capital. Onion was available at Rs200-180 per kilogramme against the price of Rs80-100 per kilogramme. The survey noted that the price of tomatoes remained unchanged as the commodity is being sold at Rs400 per kilogramme against the price of Rs350/kg. Bullish trend retained in prices of cooking oil/ghee of various brands. Prices of pulses remained unchanged in the retail market, according to the survey. The survey said good quality rice (sela) was available at Rs 360 per kilogramme, while low quality rice was available at Rs 300-320 per kilogramme, while toota rice was available at Rs 200-220 per kilogramme. The survey said dal mash was available at Rs 480/kg, dal masoor at Rs 320 per kilogramme, dal chilka (black) at Rs 320 per kilogramme, dal chilka (green) at Rs 260 per kilogramme, moonge at Rs 400 per kilogramme, dhoti dal at Rs 400 per kilogramme, dal Channa at Rs 450 per kilogramme, red bean at Rs 440 per kilogramme, Gram flour (baisen) at Rs 420 per kilogramme against Rs 280 per kilogramme, big-size white Channa at Rs 380 per kilogramme, small-size white Channa from Rs 360 per kilogramme. Apple was available at Rs 400-500 per kilogramme, banana at Rs200 per dozen, garma at Rs300-400 per piece, mangoes at Rs200 and Rs300 per kilogramme, leechi at Rs1000 per kilogram, Jaman at Rs800 per kilogramme. Copyright Business Recorder, 2026 [...]

CAP urges govt to review restrictions on retail operating hours

September 13, 2026 11:59

LAHORE: The Chainstore Association of Pakistan (CAP) has urged the government to urgently review restrictions on retail operating hours, warning that more than five months of curtailed trading has taken a heavy toll on sales, tax revenue, employment and businesses across the country’s formal retail sector. The restrictions, in place since 7 April, have forced shops to close early during what would normally be peak trading hours. CAP said it recognised the energy supply and cost pressures facing Pakistan amid recent regional tensions and supported the need for conservation. However, it argued that the savings from restricted hours must be weighed against the wider economic cost. As an immediate step, the association proposed allowing all retail shops and shopping malls in Punjab and Islamabad to remain open until 11:00 PM on Fridays and Saturdays, with restaurants permitted to stay open even later. Citing Federal Board of Revenue (FBR) data and previously reported declines in retail sales during restricted hours, CAP estimated that the curbs are suppressing between Rs45 billion and Rs75 billion in documented retail activity every week, with losses to the exchequer potentially reaching Rs10 billion per week in unpaid taxes. Government officials had earlier acknowledged similar revenue losses during a previous round of nationwide 8:00 PM closures. “We fully recognise the difficult energy situation facing the country and the need for responsible conservation,” said Tariq Mehboob, CAP’s Patron-in-Chief. “But businesses cannot indefinitely absorb the loss of their most productive trading hours. The government must urgently weigh the energy saved against the taxes, jobs and economic activity being lost.” CAP said the fallout extends well beyond retail, with falling sales reducing orders for manufacturers and activity across logistics, warehousing, packaging and commercial real estate, ultimately affecting production, employment and household incomes. “Tier-1 retailers are among the country’s most documented and tax-compliant businesses,” said CAP Chairman Asfandyar Farrukh. “When peak trading hours are taken away, the impact flows backwards to manufacturers, suppliers and service providers; and ultimately to workers and the national exchequer.” The association also pointed to an uneven impact on shopping malls, where restaurants can stay open until 11:00 PM but retail stores must shut at 9:00 PM, a gap it said hurts mall footfall and food courts while raising doubts about the real energy savings, since common mall infrastructure continues running regardless. CAP noted that other parts of Pakistan operate under more relaxed timings, and that major regional retail hubs continue trading later despite similar pressures. It said malls in Dubai stay open until midnight on weekends, centres in Riyadh and Jeddah operate until around midnight, and retail hubs in Istanbul, Kuala Lumpur and Jakarta remain open until at least 10:00 PM. Early closures, CAP added, also limit shopping and leisure activity for visitors and send a mixed signal at a time when Pakistan is trying to attract greater investment. “After more than five months, the economic consequences are accumulating,” said CAP Senior Vice Chairman Ahsen Mehmood. “Conservation must be targeted and proportionate. Extending weekend timings offer a practical balance between protecting energy supplies and protecting jobs, tax revenues and productive economic activity.” CAP called on the government to immediately allow retail shops and malls to operate until 11:00 PM on Fridays and Saturdays, with extended hours for restaurants, while continuing conservation efforts and conducting a transparent cost-benefit review of the current restrictions. Copyright Business Recorder, 2026 [...]

Jam Kamal visits Hong Kong GCC

September 13, 2026 11:59

ISLAMABAD: Federal Minister for Commerce Jam Kamal Khan visited the Hong Kong General Chamber of Commerce, where he met its Chairman and leading business representatives to discuss stronger business-to-business linkages, trade, investment and economic cooperation between Pakistan and Hong Kong. He also engaged with prominent members of the Pakistani diaspora during his official visit. During the meeting, the Minister exchanged views with its leadership on expanding direct engagement between the business communities of Pakistan and Hong Kong. The discussions highlighted opportunities for Pakistan to benefit from Hong Kong’s expertise in the services sector, particularly in finance, aviation and digital technology. Both sides also emphasised the potential of the Belt and Road Initiative to promote mutual cooperation, strengthen connectivity and develop transit routes. Jam Kamal underscored the importance of regular engagement between leading business representatives and the exchange of trade delegations to explore new commercial opportunities. Prospects for institutional collaboration between the Hong Kong General Chamber of Commerce and Pakistan’s major trade bodies, including the Federation of Pakistan Chambers of Commerce and Industry, Karachi Chamber of Commerce and Industry, and Lahore Chamber of Commerce and Industry, were also discussed. The Minister appreciated the significant contribution of Pakistani businesses and the wider diaspora to Hong Kong’s economy. He expressed confidence that stronger institutional and commercial linkages would create new opportunities for bilateral trade and investment. Later, the Commerce Minister attended a dinner at the Pakistan Club, where he interacted with prominent Pakistani community members and business leaders based in Hong Kong. Addressing the gathering, Jam Kamal Khan praised the Pakistani diaspora for its valuable contributions to both Pakistan and Hong Kong. He noted that Hong Kong offered considerable opportunities for Pakistani entrepreneurs and professionals due to its position as a leading international financial, commercial and connectivity hub. Copyright Business Recorder, 2026 [...]

Indonesia Medica: Three MoUs signed between Pakistani, Indonesian partners

September 13, 2026 11:59

KARACHI: Indonesia Medica at Health Asia Expo & Conference 2026 moved from pavilion promotion and business engagement to concrete partnerships. Three Memoranda of Understanding (MoUs) between Indonesian and Pakistani partners were signed at the Consulate General of the Republic of Indonesia in Karachi during the Business Dinner in honor of the delegates of Indonesia Medica. The signings marked concrete outcomes from three days of engagement at Health Asia 2026. The three MoUs were signed respectively between Indonesia’s HIPELKI and the Healthcare Devices Association of Pakistan (HDAP); PT Borden Eagle Indonesia and Muller & Phipps Pakistan (Pvt.) Ltd.; and PT Tele Sehat Indonesia and Educast Global Pakistan (Pvt.) Ltd. Together, the three MoUs carry a combined indicative value of USD 625 million in projected trade transactions. “These MoUs are important not simply because documents are being signed, but because they demonstrate three things we want to see more often: stronger links between our industry institutions, more direct partnerships between our companies, and a willingness to translate promising conversations into practical cooperation,” Indonesian Consul General in Karachi Mudzakir said. The signings built on the high-level engagement surrounding Indonesia’s participation in Health Asia 2026. At the opening of the exhibition, Pakistan’s Federal Minister for Health, Syed Mustafa Kamal, who inaugurated Health Asia 2026, visited Indonesia Medica and joined a symbolic ribbon-cutting ceremony at the Indonesian Pavilion. His presence added positive momentum to efforts to expand healthcare cooperation and Indonesia’s commercial presence in Pakistan. The HIPELKI-HDAP MoU establishes an institutional framework to be followed by a practical Plan of Action. Areas already identified include business matching and reciprocal market access, industry and regulatory information exchange, capacity building, R&D, technology transfer, production machinery and manufacturing cooperation, joint ventures, local manufacturing and digital health. HIPELKI represents around 250 stakeholders across Indonesia’s medical-device ecosystem, while HDAP represents approximately 300 Pakistani importers and manufacturers. The other two MoUs broaden the outcomes to the business-to-business level. The partnerships between PT Borden Eagle Indonesia and Muller & Phipps Pakistan, and between PT Tele Sehat Indonesia and Educast Global Pakistan, reflect growing direct links between Indonesian and Pakistani companies and are expected to create further commercial opportunities and sustainable partnerships. The business dinner was attended by HIPELKI Secretary General Sigit Mohammad Nuzul, HDAP Chairman Dr Syed Omer Ahmad, Health Asia Expo and Conference Co-Founder Dr Zakiullah, Health Asia Project Director Farhan Anis of E-Commerce Gateway, representatives of the companies signing the MoUs, Indonesian delegates, and Pakistani healthcare business leaders and partners. The Consulate General views Indonesia Medica as more than an exhibition platform. [...]

Adverse effects of surge in oil prices: FCCI urges govt to take measures

September 13, 2026 11:59

FAISALABAD: President of the Faisalabad Chamber of Commerce and Industry (FCCI), Farooq Yousaf Sheikh, has expressed concern over the extraordinary rise in global oil prices, which has led to a significant increase in the cost of transportation, production and export shipments in the country. He urged the government to take immediate measures to mitigate the adverse effects of the surge in oil prices. He said that the government was already planning to increase the country’s oil reserves; however, the plan needed to be finalised at the earliest. He also called for effective measures to ensure an uninterrupted supply of oil and gas. Farooq Yousaf Sheikh said that Pakistan’s domestic oil and gas production was currently very limited, forcing the country to rely heavily on imports from the Gulf countries. He further said that, owing to Pakistan’s friendly relations with these countries, the country was procuring substantial quantities of oil from Saudi Arabia and other countries at concessional rates or on deferred payment terms. Pakistan could also purchase oil from other countries, but such imports would require immediate payment. He termed the situation challenging but stressed that the government must nevertheless find a permanent and sustainable solution to the issue. He said such measures were essential not only to provide relief to the general public but also to reduce the cost of industrial production and ensure the continuation of the country’s exports. Copyright Business Recorder, 2026 [...]

North Korea says missile launches were part of live-fire drills

September 14, 2026 3:22

SEOUL: North Korea said on Monday that its launch of several missiles on Saturday was part of a live-fire drill involving long-range artillery and missile units, according to state media KCNA. The “joint firepower attack drill” involved five army units and tested several weapon systems, including attack drones, tactical cruise missiles, tactical ballistic missiles, ⁠and large-calibre multiple rocket launchers, KCNA said. The drill would boost the morale of the troops and improve their capabilities to “completely collapse the enemy” whenever ordered, KCNA said, citing an artillery director. South Korea’s Joint Chiefs of Staff said on Saturday that North Korea fired several short-range ballistic missiles, which flew about 250 km (155 miles) toward the sea off its east coast. The launch came a day after South Korea, the United States and Japan wrapped up the five-day trilateral Freedom Edge exercise focused on countering North Korean threats. KCNA’s report came two days after the ‌launch, ⁠believed to be the 13th known ballistic missile launch event this year. North Korean state media had remained silent on several previous recent missile tests reported by South Korea. “This was not a test of a single weapon system but a demonstration of an integrated strike network,” said Lim Eul-chul, ⁠a professor at Kyungnam University’s Institute for Far Eastern Studies in Seoul. North Korea appeared to be showcasing its ability to coordinate drones, cruise missiles, ballistic missiles and rocket artillery through a unified command-and-control ⁠system, Lim said. The absence of leader Kim Jong Un and the delayed report suggested Pyongyang sought to present the event as a “technical and practical military exercise” while calibrating tensions, ⁠Lim said. “North Korea is also collecting operational data for actual deployment and demonstrating tactics aimed at saturating South Korean and U.S. missile defences through simultaneous attacks by weapons with different flight characteristics.” [...]

Zverev banishes US Open demons with victory over Shelton

September 14, 2026 3:17

NEW YORK: Top seed Alexander Zverev banished bitter US Open memories to beat American Ben Shelton 6-3 7-6(2) 5-7 6-2 in the final on Sunday, capturing the title six years after letting a golden opportunity slip through his fingers. The German squandered a two-set lead in the 2020 title match against Austrian Dominic Thiem but now armed with ‌a champion’s mentality following his breakthrough triumph at Roland Garros in June, he broke American hearts with a devastating display against Shelton. “I think God has seen how hard we worked, how much we suffered, how much pain we went through and I think 2026 is the outcome of all the years that happened before,” Zverev said during the presentation ceremony. The home fans were desperate to see Shelton end a 23-year American men’s Grand Slam drought but the eighth seed never found his top form in his first major final. “I know that today 99.9% of the people wanted Ben to win so I’m very sorry,” said Zverev. “Even though I know that the crowd was against me, the crowd was always incredibly fair and we as players we appreciate it.” Zverev was so focused on ⁠the job at hand, he did not even realise he had won the title when Shelton smacked a service return long. As the umpire announced ‘Game, set and match Zverev’, the German headed back to the baseline, ready to receive Shelton’s serve. It took him a few seconds to register why the cheering fans were giving him a standing ovation – as he belatedly cracked a smile and ran to the net to embrace Shelton. Ticket prices for Shelton-Zverev US Open final down 27% He was beaming again as he was handed a Grand Slam record, opens new tab $5.5 million winner’s prize. zverev gets hot start In a battle between two of tennis’ most explosive players, it was Zverev who had all the early firepower, as Shelton’s inexperience showed with a double fault on break point in the opening game. Shelton produced one of the points of the match in the sixth game, scrambling to reach a drop shot and prevailing in a tense exchange at the net. Encouraged by his team, the American mixed in serve-and-volley tactics in an attempt to shift the momentum, but the move proved ineffective and he handed Zverev the set with a double fault. The partisan crowd tried to get under Zverev’s skin in the second set, cheering wildly after he produced a double fault in the ninth game. But the German refused to get distracted, surging to a 5-0 lead in the tiebreak as the fans desperately chanted “Let’s ‌go, Ben!” Zverev ⁠looked like he would roll to the finish line in the third set as he saved a break point in the sixth game with a lethal backhand winner. Shelton’s frustration boiled over two games later when he slipped and crashed to the court, prompting the American to let out an expletive. But Shelton dug in his heels, subduing his opponent with a series of powerful groundstrokes from the baseline to break serve and force a fourth set. Shelton’s resilience only delayed the inevitable as Zverev came through a 25-shot rally to secure an early break in the deciding set. He never let go of that advantage as he finally got the chance to hoist the U.S. Open trophy on his 11th appearance ⁠at the hardcourt major. “My successes are a gift, the failures are a gift, and being here playing in front of you guys is a gift,” said Shelton, the first Black American man in 54 years to contest the New York final after Arthur Ashe. His girlfriend, Olympic champion soccer player Trinity Rodman , made it to his player’s box after racing 200 miles from her Washington Spirit game, which largely overlapped with the start of his match. ‘Jannik is still ahead’ The victory will ⁠no doubt help Zverev move beyond a series of Grand Slam disappointments. The German’s career has also been overshadowed by allegations of domestic violence, which he has repeatedly denied. His two majors this season have made a dent in the duopoly of Carlos Alcaraz and Jannik Sinner, who won all eight Grand Slam titles across 2024 and 2025. Alcaraz, who won this year’s Australian Open, exited the U.S. Open in a quarter-final defeat by Shelton ⁠after a long injury layoff while Sinner pulled out injured before the tournament began after winning Wimbledon. Asked if he considered himself the world’s top player now, Zverev said, “With Jannik Sinner being injured and Carlos Alcaraz coming back from injury after four months, right now this moment, probably yes. “Both of them healthy and both of them at the top of their game, maybe not. “If everyone is healthy, I think Jannik is still ahead. It’s as simple as that.” [...]

Saudi Civil Defence lifts warnings of potential danger in four cities

September 14, 2026 3:13

CAIRO: The Saudi Civil ‌Defence sent an all clear on Monday after issuing alerts for potential danger in four southern cities amid an uptick ⁠in attacks by Yemen’s Houthis. Saudi Civil Defense had issued the alerts for the cities of Najran, Khamis Mushait, Jazan and Abha. It also later issued warnings for Khamis Mushait ‌and ⁠Abha a second time before lifting them again. Oman says it evacuated 16 crew members of Saudi Sidr vessel attacked by Iran The Houthis, who control the most populous parts of ⁠Yemen and much of the north, have been launching attacks towards Saudi Arabia ⁠since declaring a naval blockade against Riyadh in July, with strikes ⁠targeting Saudi vessels in the Red Sea. [...]

Goldman Sachs now expects Fed to hike rates in September

September 14, 2026 3:08

Samsung, SK Hynix reject KEPCO's $19 billion power prepayment proposal, document shows

September 14, 2026 3:05

Indonesia rescuers searching for 129 people still missing after passenger ship capsizes

September 14, 2026 3:02

JAKARTA: More than 600 Indonesian rescuers were searching for 129 people still missing after a passenger ship capsized in the Java Sea on the weekend, an official said on Monday, with the ‌death toll steady at six. The Virgo Transport 8 ship carrying 243 people went missing in bad weather early on Sunday, the rescue agency said. Authorities have rescued 108 people from the ship, which was travelling from Surabaya in East Java to Banjarmasin in South Kalimantan. “We have ⁠continued the search for the missing since early in the morning. We are deploying 622 personnel and around 12 ships,” I Putu Sudayana, head of the Banjarmasin rescue agency, told Reuters. He said there was no increase in the death toll of six as of Monday morning. In a video shared by the rescue agency, a large red-and-black ship lies capsized and partially submerged in choppy blue water, with its red-painted underside visible above the surface. Two small ‌boats, ⁠each carrying people, were seen floating near the capsized ship amid rough water. On Sunday, Edy Prakoso, another official at the national rescue agency, said the ship leaned heavily to one side after strong waves hit its starboard side. Rescuers searching for 140 people from Indonesia passenger ship, official says A passing helicopter reported ⁠the vessel had capsized, Transport Minister Dudy Purwagandhi said on Sunday, with the cause still being investigated. Indonesia relies on ferries across its 17,000 islands, where sea travel is ⁠cheaper and more accessible than flying, and there have been numerous accidents. In separate incidents last month, two ferries carrying hundreds of passengers caught fire ⁠in waters. Five people died when a ferry caught fire off Madura island, while one person died in a fire on a ferry travelling from the tourist island of Bali. [...]

Amazon pauses operations with 21 Air after Miami cargo plane crash

September 14, 2026 2:58

Amazon said on Sunday it was pausing operations with Miami-based 21 Air, the cargo carrier that operated the Amazon-branded plane that crashed in Miami, killing five people. “After the ‌tragic incident last weekend, we’ve spent time supporting the investigation and reviewing some of the surrounding circumstances and we’ve decided to pause our operations with 21 Air, the operator of Flight 7598,” Amazon spokesperson Kelly Nantel said in a statement to Reuters. “We’ll continue working to ⁠support the investigation and everyone affected.” Last week, an Amazon Prime Air cargo flight overran a runway and crashed while landing at Miami International Airport. Prime Air Flight 7598 overran the airport’s diagonal runway shortly before 2 p.m. EDT (1800 GMT) and struck multiple vehicles on the ground, officials said. At least 5 killed in Amazon Prime Air cargo plane crash in Miami The plane was a 32-year-old Boeing tab 767-300 freighter that operated as a passenger jet for various airlines from 1994 to 2015, according to Flightradar24, a flight tracking ‌service. The ⁠National Transportation Safety Board, which is investigating the crash, said last week the pilots of the Amazon Prime Air cargo plane considered aborting the landing after the aircraft touched down, citing evidence from a flight data recorder. The NTSB also said one ⁠pilot cautioned that they were flying “too fast” just over a minute before touching down on the runway that they overran. “We remain focused on supporting the families and loved ⁠ones who were impacted by this accident, as well as working closely with the NTSB and all our partners, like Amazon, as the investigation ⁠continues. We are confident in our safety policies, procedures and training,” 21 Air said in a statement to Reuters. [...]

Shares skid in Asia as oil rises, rate hikes loom

September 14, 2026 2:55

Dollar steady, yen near 7-month high ahead of Fed, BOJ meetings

September 14, 2026 2:50

Revival of industries: ‘Pakistan needs intelligent initiatives’

September 14, 2026 2:44

Oil prices jump more than 2% after new strikes on Saudi, Strait of Hormuz

September 14, 2026 2:44

Karachi sizzles at a September high of 40.3 degrees Celsius

September 14, 2026 2:43

KARACHI: The metropolis sizzled in hot and humid weather on Sunday as the temperature hit 40.3 Celsius, the highest recorded in the city this September, the Met Office said. Elsewhere in Sindh, the highest temperature of 42 Celsius was recorded in Shaheed Benazirabad, followed by 41.5 Celsius each in Chhor and Mithi and 41 Celsius in Mirpurkhas. The maximum temperature in Sakrand was 40 Celsius, while Larkana, Moenjodaro, Khairpur, Dadu, Hyderabad Airport and Thatta recorded 39.5 Celsius each. Jacobabad, Hyderabad city and Tandojam recorded 39 Celsius each. Mercury levels reached 38 Celsius in Padidan, 37.5 Celsius in Sukkur, 35.5 Celsius in Maripur and 35 Celsius in Badin. Rohri recorded 39 Celsius. The monsoon low over South Chhattisgarh has moved over Madhya Pradesh and adjoining areas and is likely to move west-northwestward. Under its influence, dust-thunderstorm rain, with a few moderate to isolated heavy falls, is likely in Tharparker, Umerkot, Mirpurkhas, Badin, Thatta, Sujawal and Tando Muhammad Khan Districts through September 15, with occasional gaps. Light to moderate dust-thunderstorm rain is also likely in Sanghar, Khairpur, Hyderabad, Tando Allahyar, Matiari and Jamshoro Districts from September 14 to 15, with occasional gaps. Thunderstorm and light rain may occur in Karachi Division from September 14 to 15, with occasional gaps. The city is expected to remain hot and humid on Monday, with chances of thunderstorm and light rain. The maximum temperature is likely to remain between 37 and 39 Celsius, while humidity is expected at 75-85 percent. On Tuesday, the weather is likely to remain hot and humid, with chances of thunderstorm and light rain. The maximum temperature is expected to range between 35 and 37 Celsius, with humidity at 70-80 percent. Copyright Business Recorder, 2026 [...]

Power breakdown at Dhabeji station disrupts water supply

September 14, 2026 2:42

KARACHI: A major power breakdown at the Dhabeji pumping station on Sunday rendered 10 of its 21 pumps inoperative, causing an estimated shortage of 150 million gallons of water in the city. Karachi Water and Sewerage Corporation (KWSC) spokesman said power supply to the Third Phase, Fourth Phase and K-III pump houses was suspended around 6a.m. following a fault in the main electricity cable supplying the pumping station. The outage brought 10 pumps to a halt, significantly reducing the volume of water being supplied from Dhabeji to Karachi. Several areas were affected, including Landhi, Korangi, Shah Faisal, Malir, Gulshan, Jinnah Town, Lyari, Saddar, North Karachi and New Karachi. K-Electric informed the water utility that the disruption had been caused by a cable fault. The KWSC administration remained in contact with K-Electric to ensure early restoration of power at the pumping station, the spokesperson said. He added that the affected pumps would be restored immediately after electricity was resumed and emergency measures would be taken to normalise water supplies across the city. Copyright Business Recorder, 2026 [...]

Businesses urged to accelerate investments in AI, digital skills

September 14, 2026 2:41

PD proposes Rs75bn fuel relief scheme

September 14, 2026 2:21

ISLAMABAD: The Petroleum Division has proposed a Rs75 billion Fuel Relief Scheme for three months to provide targeted relief of Rs100 per litre to around 11.8 million users of two-wheelers, three-wheelers and cars up to 800cc amid a sharp increase in petroleum prices triggered by the Gulf crisis. According to a summary submitted to the Economic Coordination Committee (ECC) of the Cabinet, the proposed scheme would provide a maximum monthly relief of Rs2,000 to users of two- and three-wheelers and Rs3,000 to users of cars up to 800cc. Under the proposed mechanism, eligible users of motorcycles and three-wheelers would be entitled to relief on up to 20 litres of petrol per month, while users of cars up to 800cc would receive relief on up to 30 litres per month. READ ALSO: PM Shehbaz orders digitalisation of bike, rickshaw data for targeted fuel relief The Petroleum Division has estimated that the scheme would benefit around 11.8 million people, including 10 million two-wheeler users, 0.8 million three-wheeler users and one million users of cars up to 800cc. The estimated monthly fiscal impact of the scheme has been placed at Rs24.6 billion, including Rs20 billion for two-wheelers, Rs1.6 billion for three-wheelers and Rs3 billion for small cars. The proposal has been floated against the backdrop of a substantial increase in domestic petroleum prices. The Petroleum Division noted that petroleum product prices had already increased considerably over the past six months, while international prices witnessed an unprecedented surge during the preceding few days. According to the summary, between July 1 and September 11, 2026, the price of petrol increased by Rs72 per litre, or 24 percent, while High-Speed Diesel (HSD) rose by Rs87 per litre, or 28 percent. On September 11 alone, the price of HSD increased by Rs11.13 per litre, or 3.5 percent, while petrol also rose by Rs11.13 per litre, or three percent. The Petroleum Division’s comparison shows that petrol, which was priced at Rs266 per litre on March 1, 2026, increased to Rs299 per litre on July 1 and reached Rs371 per litre on September 11, showing a cumulative increase of Rs105 per litre. Similarly, HSD increased from Rs281 per litre on March 1 to Rs311 per litre on July 1 and further to Rs398 per litre on September 11, registering a cumulative increase of Rs117 per litre. The Petroleum Division stated that consumers, particularly lower-income groups, were facing a severe economic shock due to higher petroleum prices and the resultant increase in general inflation. “There is visible public pressure and simmering unrest,” the division observed, adding that the situation required policy action. The Prime Minister subsequently directed the authorities to formulate a mechanism for providing relief to the poorest segments of society. A series of consultations were held under the leadership of the Deputy Prime Minister, involving the Minister for Petroleum, Minister for Economic Affairs, Minister for IT and Telecom and senior officials of the Finance Division, Ministry of IT and Telecom, Petroleum Division, OGRA and State Bank of Pakistan. The proposed scheme would provide relief to the user rather than the owner of the vehicle. Only one vehicle would be allowed per user. The mechanism would use the user’s CNIC, vehicle registration number and mobile phone number as key controls to prevent multiple claims against the same individual or vehicle. The Petroleum Division has estimated the total registered base of relevant vehicles at around 34 million. After assuming a retirement rate of 40 percent, the operational number of two-wheelers has been estimated at around 20.6 million. Based on the experience of an earlier relief scheme, the number of beneficiaries from two-wheelers has been estimated at 10 million. Digital Fuel Pass System A key component of the proposed initiative is the digital implementation of the scheme through a Fuel Pass System (FPS). The system is proposed to cover registration, issuance of tokens, validation and settlement, third-party verification, SMS services and other related functions. The government has sought Rs75 billion through a Technical Supplementary Grant (TSG) in favour of the Ministry of Petroleum under Demand No. 36 to implement the Fuel Relief Scheme. In addition, the Petroleum Division has proposed a further Rs1.73 billion through a TSG in favour of the Ministry of IT and Telecom to meet expenditure required for operationalising the Fuel Pass System. The amount would cover technological solutions, call-centre operations, SMS services, FPS software development and deployment, registration, token issuance, validation and settlement modules, third-party validation and verification and other ancillary expenditures. The Ministry of IT and Telecom and its relevant entities involved in the process may be authorised to invoke the relevant procurement rules to make necessary procurements and expenditures for operationalising the system. The summary has been finalised jointly with the Ministry of IT and Telecom and reflects the respective funding requirements to be provided through grants managed by the relevant Principal Accounting Officers. The document said the summary had also been circulated to the Finance Division, Ministry of IT and Telecom, State Bank of Pakistan and Oil and Gas Regulatory Authority (OGRA) for their comments. The proposals relating to the Fuel Relief Scheme, funding of Rs75 billion for the scheme, Rs1.73 billion for the digital system and related implementation arrangements have been submitted for consideration and approval of the ECC of the Cabinet. Copyright Business Recorder, 2026 [...]

Punjab by-polls: Notices served on minister, SAPM for 'violating' election code of conduct

November 21, 2025 1:33

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

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

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

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

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

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

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

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

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

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 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

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'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

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

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... [...]

Sweden election too close to call as centre-left leads by just one seat

September 14, 2026 12:44

Sweden’s centre-left opposition held a razor-thin one-seat lead on Sunday night as election results left the country facing days of uncertainty.With 80 percent of votes counted, parties led by Social Democrat Magdalena Andersson were projected to hold 175 seats, compared with 174 for the... [...]

Wisconsin Rep. Tom Tiffany swims to safety after plane makes emergency landing in lake

September 13, 2026 5:30

Wisconsin Rep. Tom Tiffany suffered minor injuries after a plane carrying him lost power and made an emergency landing in Lake Wausau on Saturday night.Tiffany, the Republican nominee for Wisconsin governor, said he was returning from an event in Onalaska when the Beechcraft K35 lost power while... [...]

Trump tells Ukraine to stop targeting Russian diesel amid record US fuel prices

September 13, 2026 5:10

US President Donald Trump has urged Ukrainian President Volodymyr Zelensky to stop attacking Russia’s diesel infrastructure, claiming the strikes are contributing to a global fuel shortage.Ukraine has repeatedly targeted Russian refineries and other energy facilities with long-range drones,... [...]

Lindsay Clancy trial backlash sparks shocking calls to strip women of the right to vote

September 13, 2026 4:25

Lindsay Clancy trial backlash sparks shocking calls to strip women of the right to voteThe 19th Amendment enshrines women's right to vote. But when a swarm of women strongly backed Lindsay Clancy during her trial, an online theory was born.Though reportedly remaining on the fringes, the... [...]

Donald Trump's childhood home in New York sells for $2 Million after major renovation

September 13, 2026 4:03

Donald Trump's childhood home in New York sells for $2 Million after major renovationDonald Trump's childhood home in the Jamaica Estates neighborhood of Queens, New York, has officially been sold for $1.93 million following a comprehensive luxury renovation.The Tudor-style property was originally... [...]

US officials 'secretly flew diplomat out of UK' amid indecent image claims

September 13, 2026 1:13

A US official accused of possessing indecent images of children was secretly flown out of the UK after allegations involving an indecent image. The recent move has raised questions about the situation regarding the diplomat’s departure and the allegations.According to The Sun, US personnel... [...]

Trump sparks backlash after calling a unified Ireland 'Fantastic' during visit

September 13, 2026 8:49

Trump sparks backlash after calling a unified Ireland 'Fantastic' during visitDuring a visit to Ireland centered around a trip to his Doonbeg golf resort, U.S. President Donald Trump drew immediate international attention by declaring that a unified Ireland would be "fantastic".Speaking alongside... [...]

German firms shift billions to China as US investment plummets, IW study shows

September 13, 2026 7:51

German firms shift billions to China as US investment plummets, IW study shows A study by the German Economic Institute highlights a striking shift in corporate strategy among German firms, marked by a surge in Chinese investments alongside a steep decline in U.S. outlays.German... [...]

140 missing after Indonesian passenger ship loses contact in Java sea, search operations underway

September 13, 2026 7:01

140 missing after Indonesian passenger ship loses contact in Java sea Indonesian rescue teams are actively searching the Java Sea for 140 people after a passenger ship lost contact amid severe weather conditions.The ship, named Virgo Transport 8, was carrying a total of 243 people. It... [...]

Trump's order to cut FEMA workforce ruled unlawful

September 12, 2026 5:08

A US District Judge has ruled that the Trump administration violated law by ordering the Federal Emergency Management Agency to cut its workforce in half. Susan Illston issued a ruling late Friday in which he mentioned that the US Department of Homeland Security “acted unlawfully by... [...]

Savannah Guthrie's employer jacks up security after Nancy Guthrie kidnapping, intruder scare

September 12, 2026 4:30

Savannah Guthrie's employer jacks up security after Nancy Guthrie kidnapping, intruder scareThe studio of TODAY, and the overall NBC – the channel where the show aired – was rocked by anchor Savannah Guthrie's mom, Nancy's disappearance.This incident reportedly left the staff of TODAY... [...]

Russian FM responds to Zelenskyy's Putin Meeting offer at G20: 'Huge gesture of goodwill'

September 12, 2026 3:35

Russian FM responds to Zelenskyy’s Putin Meeting offer at G20: ‘Huge gesture of goodwill’Russian Foreign Minister Sergei Lavrov has responded to Ukrainian president Volodymyr’s offer to meet Putin at the G20 summit in Miami. When asked by the reports to comment on... [...]

Lindsay Clancy trial: Why did DeSantis defend lone holdout juror?

September 12, 2026 3:20

Lindsay Clancy trial: Why did DeSantis defend lone holdout juror?The trial of Lindsay Clancy has been declared a mistrial. But the controversy is far from over.The jury, which deliberated for days, did not reach a unanimous decision; thus, a mistrial.But to look more closely at the jury of 12... [...]

Trump predicts quick trade deal with Canada during Ireland trip

September 12, 2026 12:50

During a two-day visit to Ireland, Donald Trump met with Martin at Farmleigh House in Dublin and told reporters a new trade agreement with Canada could come fairly soon; he expressed optimism about resolving the trade war with Canada but provided no details into whether formal talks had... [...]

UK heatwave latest forecast: Could September bring more hot weather?

September 12, 2026 8:42

UK heatwave latest forecast: Could September bring more hot weather?The UK is bracing for another wave of heatwave this September as temperatures are set to spike, reaching summer-like in some places. As per the latest weather forecast based on computer models, On Saturday, the outbreaks of rain... [...]

کراچی، عمرہ زائرین کے لیے ویکسی نیشن کارڈ کی ڈیڈ لائن مؤخر کرنے کی سفارش

September 14, 2026 2:09

کراچی کے جناح انٹرنیشنل ایئرپورٹ پر عمرہ زائرین کے لیے نادرا سے منسلک ڈیجیٹل ویکسی نیشن کارڈ لازمی قرار دینے کی ڈیڈ لائن ایئرپورٹ... [...]

مکہ معاہدہ میں ہم اضافی ذمہ داری لے رہے ہیں، سیکریٹری خارجہ

September 13, 2026 11:09

پاکستان کے نئے سکریٹری خارجہ عاصم افتخار نے کہا ہے کہ مکہ معاہدے میں ہم اضافی ذمہ داری لے رہے ہیں۔نیویارک میں جیو نیوز سے گفتگو... [...]

اسلام آباد کی سیکیورٹی کے لیے صوبوں سے مدد طلب

September 13, 2026 10:09

فائل فوٹووفاقی حکومت نے اسلام آباد کی سیکیورٹی کے لیے صوبوں سے مدد مانگ لی۔کابینہ سیکریٹری نے پنجاب، سندھ اور بلوچستان کی صوبائی... [...]

17 گھٹنوں بعد دھابیجی پمپنگ اسٹیشن کی بجلی بحال کردی، ترجمان کے ای

September 13, 2026 9:09

کے الیکٹرک نے17 گھٹنوں بعد دھابیجی پمپنگ اسٹیشن کی بجلی بحال کردی۔ترجمان واٹر کارپوریشن کے مطابق بجلی بحال ہوتے ہی متاثرہ 10 میں سے 8... [...]

کراچی، آج سے عمرہ زائرین پر ویکسی نیشن کے بغیر سفر پر پابندی عائد

September 13, 2026 8:09

فائل فوٹورات 12 بجے سے عمرہ زائرین پر ویکسی نیشن کے بغیر سفر پر پابندی عائد کردی گئی۔بارڈر ہیلتھ سروسز کے مطابق عمرہ زائرین روانگی سے... [...]

حیدرآباد، بدین میں پرندوں کے شکار پر پابندی عائد

September 13, 2026 8:09

حیدرآباد، بدین، سجاول اور ٹھٹھہ میں پرندوں کے شکار پر پابندی عائد کردی گئی ہے۔ کمشنر حیدرآباد فیاض حسین عباسی نے تینوں اضلاع میں... [...]

بھارت سفارتی و عسکری میدان میں شکست کے بعد اسپورٹس کلچر کو بھی نقصان پہنچا رہا ہے، طلال چودھری

September 13, 2026 7:09

وزیر مملکت برائے داخلہ سینیٹر طلال چودھری کا کہنا ہے کہ بھارت سفارتی و عسکری میدان میں شکست کے بعد اسپورٹس کلچر کو بھی نقصان پہنچا... [...]

مسائل کا حل لانگ مارچ نہیں ڈائیلاگ میں ہے: رانا ثناء

September 13, 2026 6:09

وزیراعظم شہباز شریف کے مشیر سیاسی امور سینیٹر رانا ثناءاللّٰہ نے کہا ہے کہ مسائل کا حل لانگ مارچ نہیں ڈائیلاگ میں ہے۔جیونیوز کے... [...]

خالد مقبول کا نئے صوبوں کیلئے سڑک پر نکلنے کا اعلان

September 13, 2026 6:09

چیئرمین متحدہ قومی موومنٹ خالد مقبول صدیقی نے ملک بھر میں نئے صوبوں کےلیے سڑک پر نکلنے کا اعلان کردیا۔کراچی میں خواتین کنونشن سے... [...]

وزیراعظم نے پیٹرولیم لیوی سے بڑھ کر ریلیف منتقل کرنے کا فیصلہ کیا ہے: علی پرویز ملک

September 13, 2026 6:09

فوٹو: فائلوفاقی وزیر پیٹرولیم علی پرویز ملک نے کہا ہے کہ وزیراعظم شہباز شریف نے پیٹرولیم لیوی سے بڑھ کر ریلیف منتقل کرنے کا فیصلہ کیا... [...]

ملک مضبوط کرنے کیلئے سیاسی قیادت کو متحد ہونا ہوگا: محمود اچکزئی

September 13, 2026 5:09

تصویر، سوشل میڈیااپوزیشن لیڈر قومی اسمبلی محمود خان اچکزئی نے کہا ہے کہ ملک کو مضبوط کرنے کے لیے سیاسی قیادت کو متحد ہونا ہوگا۔کراچی... [...]

پنجاب بھر میں 5 روز کیلئے دفعہ 144 کے تحت اجتماع پر پابندی عائد

September 13, 2026 5:09

پنجاب حکومت نے صوبے بھر میں 5 روز کےلیے دفعہ 144 کے تحت اجتماع پر پابندی لگادی۔صوبائی حکومت نے پنجاب میںامن و امان کی صورتحال اور ممکنہ... [...]

بات اُن سے کی جاتی ہے جن کے پاس اختیار ہوتا ہے: جنید اکبر

September 13, 2026 5:09

پاکستان تحریک انصاف خیبر پختونخوا کے صدر جنید اکبر نے کہا ہے کہ مسائل کا حل ڈائیلاگ ہے، جن کے پاس اختیار ہوتا ہے، بات اُن سے کی جاتی... [...]

عوامی ریلیف کیلئے جماعت اسلامی کے دھرنے کی حمایت کرتے ہیں: بیرسٹر گوہر

September 13, 2026 4:09

چیئرمین پاکستان تحریک انصاف بیرسٹر گوہر علی خان نے کہا ہے کہ عوامی ریلیف کیلئے جماعت اسلامی کے دھرنے کی حمایت کرتے ہیں۔بیرسٹر گوہر... [...]

محکمہ داخلہ بلوچستان کی کارروائی، ریاست مخالف بیانیہ پر 100 سرکاری ملازمین ملازمت سے برطرف

September 13, 2026 4:09

فائل ایمیجریاست مخالف بیانیہ پر محکمہ داخلہ بلوچستان نے کارروائی کرتے ہوئے 100 سرکاری ملازمین کو ملازمت سے برطرف کردیا۔ معاون وزیر... [...]

منفی قوتیں مصنوعی ذہانت پر بڑھتے ہوئے خدشات کو ہوا دے رہی ہیں: ڈونلڈ ٹرمپ

September 14, 2026 3:09

امریکی صدر ڈونلڈ ٹرمپ---فائل فوٹو امریکی صدر ڈونلڈ ٹرمپ نے کہا ہے کہ مصنوعی ذہانت سے متعلق بڑھتے ہوئے خدشات کو بعض ’منفی قوتیں‘ بڑھا... [...]

ناروے، مسجد کی تعمیر کے لیے فنڈ ریزنگ تقریب

September 14, 2026 2:09

ناروے اسلامک کلچرل سینٹر اوسلومیں الخدمت یورپ کے وائس پریزیڈنٹ چوہدری رفاقت علی کی طرف سے پاکستانی اداکار اور کامیڈین افتخار ٹھاکر... [...]

خلیجی ممالک، ایران کے درمیان آج ہونے والا اجلاس ملتوی

September 13, 2026 11:09

عمان کے وزیر خارجہ بدر البوسعیدی نے کہا ہے کہ آبنائے ہرمز سے متعلق ممکنہ معاہدوں پر بات چیت کے لیے خلیجی ممالک اور ایران کے... [...]

ایران جنگ رواں سال ختم ہوجائے گی، ٹرمپ

September 13, 2026 7:09

امریکی صدر ڈونلڈ ٹرمپ کا کہنا ہے کہ ایران معاہدہ کرنا چاہتا ہے اور مسلسل رابطے کررہا ہے، ایران جنگ رواں سال ختم ہوجائے گی۔ٹرمپ نے... [...]

نیتن یاہو کے میک اپ پر کروڑوں خرچ، سرکاری دستاویزات میں انکشاف سے تنازع کھڑا ہوگیا

September 13, 2026 4:09

فلسطینیوں پر ظلم کی انتہا کرنے والے اسرائیلی وزیراعظم خود کو خوبصورت دکھانے کےلیے میک اپ پر کروڑوں ڈالر خرچ کرڈالے۔ غیرملکی میڈیا... [...]

رہبر اعلیٰ زندہ ہیں، دشمن اُن کا سراغ لگانے میں ناکام ہوچکا: مسعود پزشکیان

September 13, 2026 3:09

فوٹو: فائلایرانی صدر مسعود پزشکیان نے کہا ہے کہ ہم جنگ کے خواہاں نہیں، یہ امریکا ہے جو ہمارے خطے میں داخل ہوا ہے، ہمارے رہبر اعلیٰ... [...]

47 سالہ افغان خاتون کی امریکا بدری کا فیصلہ کامیابی قرار

September 13, 2026 2:09

امریکی حکام نے 47 سالہ افغان خاتون نذیرہ حاجی زادہ کی ملک بدری کو قومی سلامتی کےلیے کامیابی قرار دیدیا۔امریکی میڈیا رپورٹ کے مطابق... [...]

ایلون مسک، سیم آلٹمین کی اے آئی سے متعلق ڈاریو کے بیان کی حمایت

September 13, 2026 1:09

ایلون مسک اور سیم آلٹ مین نےاے آئی کمپنی اینتھروپک کے سربراہ کے بیان کی حمایت کردی۔ایکس اے آئی کے سربراہ ایلون مسک اور اوپن اے... [...]

امریکا میں خصوصی ’غیر ملکی دہشت گرد‘ عدالت کا پہلی بار استعمال، افغان خاتون ملک بدر

September 13, 2026 1:09

امریکی حکومت نے ٹیکساس میں مقیم افغان خاتون نذیرہ حاجی زادہ کو ملک بدر کر دیا، جس کے لیے ایک خصوصی عدالت کا پہلی مرتبہ استعمال کیا... [...]

بھارتی گودی میڈیا کی پاکستان سے متعلق ایک اور بھونڈی کوشش ناکام

September 13, 2026 12:09

بھارتی وزیراعظم نریندر مودی کے گودی میڈیا کی پاکستان کو دہشت گردی سے جوڑنے کی ایک اور بھونڈی کوشش ناکام ہوگئی۔ ملائیشیا کے وزیراعظم... [...]

عراقی سیکیورٹی فورسز نے سعودی عرب میں پائپ لائن پر حملے میں استعمال مقام کا پتہ لگا لیا

September 13, 2026 10:09

فوٹو بشکریہ غیر ملکی میڈیاعراقی سیکیورٹی فورسز نے سعودی عرب میں ایسٹ ویسٹ آئل پائپ لائن پر حملے میں استعمال مقام کا پتہ لگا لیا اور... [...]

غزہ: اسرائیلی فوج کی بمباری سے 2 فلسطینی شہید

September 13, 2026 9:09

—فائل فوٹوغزہ پر اسرائیلی فوج کی فضائی بمباری سے کم از کم 2 فلسطینی شہید ہوگئے۔عرب میڈیا کے مطابق اسرائیلی فضائیہ نے غزہ شہر کے... [...]

مسجد اقصیٰ پر یہودی انتہاپسندوں کا دھاوا، 480 افراد صحن میں داخل

September 13, 2026 9:09

---تصویر بشکریہ بین الاقوامی میڈیامقبوضہ بیت المقدس میں سیکڑوں یہودی انتہاپسندوں نے مسجد اقصیٰ پر دھاوا بول دیا۔ عرب میڈیا کے مطابق... [...]

جنوبی لبنان میں اسرائیلی فوج کی جنگ بندی کی خلاف ورزی، مختلف علاقوں پر فضائی بمباری

September 13, 2026 9:09

---فائل فوٹو اسرائیلی فوج کی لبنان میں جنگ بندی کی خلاف ورزیاں جاری ہیں۔ عرب میڈیا کے مطابق جنوبی لبنان کے مختلف دیہی علاقوں پر... [...]

حوثی اکثریتی تنظیم انصار اللّٰہ کا بحیرہ احمر کے جزیرے میون پر قبضے کا دعویٰ

September 13, 2026 5:09

—فائل فوٹویمن کی حوثی اکثریتی تنظیم انصار اللّٰہ نے بحیرہ احمر کے اسٹریٹجک جزیرے میون پر قبضے کا دعویٰ کر دیا۔عرب میڈیا کے مطابق... [...]

خام تیل کی قیمت 107 ڈالرز سے تجاوز کر گئی

September 14, 2026 3:09

---فائل فوٹو عالمی منڈی میں خام تیل کی قیمتوں میں 2 فیصد سے زائد اضافہ ہو گیا۔سعودی عرب میں اہم آئل پائپ لائن کی بندش اور خطے میں حوثیوں... [...]

رواں مالی سال کا دوسرا مانیٹری پالیسی اجلاس آج ہوگا

September 14, 2026 1:09

رواں مالی سال کا دوسرا مانیٹری پالیسی اجلاس آج ہوگا۔ اسٹیٹ بینک کا پالیسی ریٹ 11.50 فیصد ہے۔مالیاتی شعبے کی اکثریت کا اندازہ ہے کہ شرح... [...]

ایران سے پاکستان کی درآمدات میں 17 فیصد اضافہ

September 13, 2026 10:09

---فائل فوٹوخطے میں غیر یقینی صورتحال کے باوجود ایران سے پاکستان کی درآمدات میں اضافہ ریکارڈ کیا گیا ہے۔ذرائع وزارت تجارت کے مطابق... [...]

آئی ایم ایف جائزہ مذاکرات، پاکستان کو نئے اہداف اور شرائط سے آگاہ کیے جانے کا امکان

September 13, 2026 6:09

---فائل فوٹو آئی ایم ایف مشن کی رواں ماہ پاکستان آمد کی تاحال تصدیق نہیں ہوسکی، جبکہ وزارت خزانہ کے ذرائع کے مطابق امکان ہے کہ آئی ایم... [...]

58 ارب ڈالر کے بجلی پیداوار و ترسیل کے 11 سالہ پلان کی مشروط منظوری

September 13, 2026 4:09

---فائل فوٹونیپرا نے انٹیگریٹڈ سسٹم پلان 35-2025ء کی مشروط منظوری دے دی۔نیپرا کے مطابق آئندہ 11 سال میں بجلی کی پیداوار اور ترسیل کے شعبوں... [...]

ملک میں ایک تولہ سونے کی قیمت 400 روپے بڑھ گئی

September 12, 2026 1:09

فائل فوٹو ملک میں کاروباری ہفتے کے آخری روز سونے کی قیمت میں اضافہ ہوگیا ہے۔آل پاکستان صرافہ جیمز اینڈ جیولرز ایسوسی ایشن کے مطابق... [...]

مٹی کا تیل 17روپے 35 پیسے فی لیٹر مہنگا

September 12, 2026 10:09

—فائل فوٹوحکومت نے مٹی کا تیل 17 روپے 35 پیسے فی لیٹر مزید مہنگا کر دیا۔اوگرا کی جانب سے مٹی کے تیل کی قیمت میں اضافے کا نوٹی فکیشن جاری... [...]

پاکستان اسٹاک ایکسچینج: کاروباری ہفتے میں منفی رجحان رہا

September 12, 2026 6:09

—فائل فوٹوپاکستان اسٹاک ایکسچینج کی ہفتہ وار اپ ڈیٹ سامنے آ گئی، کاروباری ہفتے کے دوران کاروبار کا منفی رجحان رہا۔پاکستان اسٹاک... [...]

پیٹرول اور ڈیزل مزید مہنگا کردیا گیا

September 11, 2026 6:09

فائل فوٹو آئندہ تین روز کیلئے پیٹرول اور ڈیزل مزید مہنگا کردیا گیا۔ جس کا نوٹیفکیشن جاری کردیا گیا۔نوٹیفکیشن کے مطابق پیٹرول 5 روپے... [...]

پی ایس ایکس: خام تیل کا اتار چڑھاؤ 100 انڈیکس پر اثر انداز

September 11, 2026 3:09

پی ایس ایکس 100 انڈیکس اور خام تیل کا بھاؤ کاروباری دن میں ایک دوسرے کے مخالف رہے۔ تیل کا بھاؤ بڑھا تو انڈیکس گرا اور انڈیکس بڑھنے پر... [...]

عالمی منڈی میں خام تیل کی قیمتوں میں اتار چڑھاؤ، برینٹ آئل 105 ڈالر فی بیرل پر آگیا

September 11, 2026 1:09

فوٹو: فائلعالمی منڈی میں خام تیل کی قیمتوں میں اتار چڑھاؤ جاری ہے، برینٹ آئل 4 ڈالر کمی کے بعد 105 ڈالر فی بیرل پر آگیا۔امریکی خام تیل... [...]

پاکستان اور عالمی بازار میں سونے کی قیمت میں کمی

September 11, 2026 10:09

— فائل فوٹوملک میں آج سونے کی قیمتوں میں کمی ہوئی ہے۔آل پاکستان صرافہ جیمز اینڈ جیولرز ایسوسی ایشن کے مطابق فی تولہ سونے کی قیمت 5600... [...]

امریکا میں ڈیزل کی قیمت میں مسلسل اضافہ

September 11, 2026 9:09

— فائل فوٹوایران جنگ اور روسی آئل ریفائنریوں پر یوکرینی حملوں کے باعث عالمی سطح پر تیل کی سپلائی متاثر ہو رہی ہے۔امریکا میں ڈیزل کی... [...]

پاکستان میں 4 دن میں پیٹرول و ڈیزل کتنا مہنگا ہوا؟

September 11, 2026 3:09

— فائل فوٹوپاکستان میں پیٹرولیم مصنوعات کی قیمتوں میں روزانہ کی بنیاد پر کئی روز سے مسلسل اضافہ کیا جا رہا ہے۔آج کے لیے پیٹرول کی... [...]

ڈیزل اور پیٹرول کی قیمتوں میں آج بھی اضافہ کردیا گیا

September 10, 2026 4:09

وفاقی حکومت نے پیٹرولیم مصنوعات کی نئی قیمتوں کا اعلان کردیا۔نوٹیفکیشن کے مطابق ڈیزل کی قیمت 5 روپے 37 پیسے فی لیٹر بڑھا دی گئی، جبکہ... [...]

My 87-year-old mother wants to pay for my brother’s kids’ education. I don’t have children. How is that fair?

September 14, 2026 1:30

“Over the years, my mother and I have supplemented his income.” [...]

‘I still don’t have my MRI’: My health insurer canceled my plan without warning. Is that legal?

September 14, 2026 1:00

“It wasn’t an ACA plan, but it was meaningfully cheaper than anything I could find on the ACA exchange.” [...]

These are the 10 biggest retirement fears — and what you can do about them

September 13, 2026 9:10

No amount of wealth can erase retirement worries. [...]

I’m locked into a 10-year annuity and now I’m strapped for cash. What are my options?

September 13, 2026 8:59

A self-described “spender” is concerned about taxes. [...]

Your Social Security COLA could go up another $71 per month in 2027. That’s not necessarily good news.

September 13, 2026 8:40

A higher COLA is a sign that persistent inflation isn’t going anywhere. [...]

This simple mistake can give your money to the wrong person when you die. Here’s how to protect your estate.

September 13, 2026 8:30

Estate-planning crises usually come down to small oversights. [...]

How to trade a well-paying job for more work-life balance — without going broke

September 13, 2026 8:17

As caregiving demands rise, many professionals are rethinking what success means to them. [...]

The future of retirement? Work until you die.

September 13, 2026 7:56

Social Security, once seen as “old-age insurance,” will eventually disappear, this author predicts. [...]

This investment is safe from both Trump and the Democrats — and it pays 4.7%

September 13, 2026 7:55

There’s a safe haven hiding in plain sight. [...]

Fed rate hikes won’t bring down gas prices. Why the bond market is pushing for them anyway.

September 13, 2026 7:00

The 10-year Treasury yield is sitting on the doorstep of 5%, and that’s a warning sign for stocks. [...]

Want to land more job interviews? Stop letting AI write your résumé.

September 11, 2026 11:49

Why Social Security's COLA for 2027 may mean bad news for the U.S. economy

September 11, 2026 10:18

How Tesla could transform trucking — and capitalize on high diesel prices

September 11, 2026 9:25

Why Dell and HPE were the S&P 500’s top-performing stocks today

September 11, 2026 8:40

Dow gains 500 points, but logs worst week since March, as stocks snap 4-day skid

September 11, 2026 8:09

As the Houthis open a new front in the Middle East war, oil prices are rising

September 11, 2026 8:01

U.S. stocks up sharply in final hour as investors look past hot inflation report

September 11, 2026 7:14

The Fed could raise interest rates three times. How that could test markets.

September 11, 2026 6:13

August CPI report shows core inflation was hotter than expected — live updates

September 11, 2026 12:34

The August CPI report is moments away. Find live updates here.

September 11, 2026 12:07

Jobless claims fall to lowest level since mid-May

July 3, 2025 12:36

Jobless claims stay low in latest week

February 13, 2025 1:33

Consumer credit growth soars in December

February 7, 2025 8:26

U.S. productivity slows down in fourth quarter while unit labor costs accelerate

February 6, 2025 1:34

Beyond to buy rights to Buy Buy Baby brand and reunite it with Bed Bath & Beyond

February 3, 2025 1:46

Trump asks Supreme Court to pause TikTok ban

December 28, 2024 12:32

Amazon says it had best-ever Thanksgiving Holiday week with record sales and number of items sold

December 3, 2024 2:05

U.S. stock futures and bond yields drop on reports Putin has updated nuclear doctrine

November 19, 2024 8:55

Charter Communications announces buyout deal for Liberty Broadband at terms above its previous proposal

November 13, 2024 1:52

General Motors unveils new all-electric Cadillac called the Vistiq with 300-mile range

November 12, 2024 1:53

Vestas Wind Systems stock slumps as company says margins to be at low end of guidance

November 5, 2024 8:39

Burberry shares rise on report Moncler could bid for it

November 4, 2024 8:36

Kazatomprom reports 17% increase in production during the third quarter

November 1, 2024 7:36

Anheuser-Busch InBev shares slip as sales come up shy of estimates

October 31, 2024 8:09

Wingstop’s stock slides 12% after profit falls short of estimates

October 30, 2024 12:22

PAGE TOP