Business
Gold, silver and platinum extend record‑setting rally
<p>Gold notched another record high on Friday, while silver and platinum also extended gains to hit all-time peaks, powered by diminishing confidence in US assets on account of geopolitical tensions and economic uncertainty.</p>
<p>On Jan 1, the 10-g
Business
ADB backs Karachi-Rohri rail corridor
<p>KARACHI: The Asian Development Bank (ADB) has reaffirmed its intent to align as a development partner with the government and identified Karachi-Rohri rail corridor as the priority project.</p>
<p>A 10-member high-level Reconnaissance Mission of
Business
Business costs 34pc higher than region: PBF
<p><a href="https://www.dawn.com/news/1968550">https://www.dawn.com/news/1968550</a></p>
Business
Sustainable growth key to economic transformation, says minister
<p>ISLAMABAD: Pakistan’s journey towards a trillion-dollar economy is only possible through alignment of policy, capital industry, and institutions, said Minister for Board of Investment Qaiser Ahmed Sheikh, pointing out that fragmented progress can
Business
Australian help sought to boost agri yields
<p>ISLAMABAD: Pakistan is seeking Australian expertise to establish foot-and-mouth disease (FMD)-free zones and improve animal weight and yield to ensure profitability for farmers.</p>
<p>Food Security Minister Rana Tanveer Hussain met Australian H
Business
Used phone rates to fall as govt revisits valuation
<p>• Ruling covers 62 models across Apple, Samsung, Google Pixel, OnePlus<br />
• iPhones see steepest cuts • Values apply regardless of condition; accessories not included<br />
• Phones must be activated six months before import </p>
<p>ISLA
Business
Zarea signs strategic MoU with Chinese agri-platform company
<p>Zarea Limited has signed a Memorandum of Understanding (MoU) with Wang Chuang Xi Jun Chang Agri Ltd, a Chinese agri-platform, to explore advanced agricultural solutions in Pakistan, according to the company’s notification to the Pakistan Stock Exc
Business
Telenor sells its stake in Thailand’s True Corporation for $3.9 billion
<p>Telenor said on Thursday it would sell its 30.3 per cent stake in Thailand’s True Corporation for $3.92 billion, its second divestment from Asia in recent months, lifting the Norwegian group’s shares 8 pc.</p>
<p>Telenor said it had signed an agre
Business
Nestle announces $60m additional investment in Pakistan, to expand operations in country
<p>Nestle on Thursday announced that it would invest an additional $60 million in Pakistan and would also “undertake a robust expansion of its operations in the country”.</p>
<p>The development came as Finance Minister Muhammad Aurangzeb met Remy Eje
Business
Oil slips as investors assess supply outlook
<p>Oil prices slipped on Thursday after gaining in previous sessions, as investors assessed the supply and demand outlook, while a report showing a rise in US crude and gasoline stocks last week weighed on prices.</p>
<p>Brent crude was down 28 cents
Business
Customs issues new valuation ruling for old and used mobile phones
<p>The Directorate General of Customs Valuation has revised the determination of customs values for old and used mobile phones, particularly those imported in commercial quantities without packaging and accessories, as per a ruling dated January 16.<
Business
Fitch affirms Pakistan’s debt ratings at ‘B-’
<p>ISLAMABAD: Fitch Ratings, one of the world’s top three agencies, on Wednesday affirmed Pakistan’s long-term debt ratings at ‘B-’ (B-negative), which it had<a href="https://www.dawn.com/news/1904417"> upgraded</a> in April last year, and assigned a
Business
FBR flags tax evasion in Sindh solar imports
<p>• Report highlights trade-based money laundering in solar kit imports<br />
• Senate panel fumes over absence of economic minister, provincial secretaries</p>
<p>ISLAMABAD: Another episode of massive under-invoicing for tax evasion and trade-base
Business
Gold hits record Rs506,362 per tola
<p>KARACHI: A whopping jump of $127 per ounce in the international market to $4,840 per ounce pushed the domestic gold (24 karat) rate to Rs506,362 per tola on Wednesday, the highest in the country’s history, after an increase of Rs12,700 per tola fr
Business
T-bill yields cut to single digits after four years
<p>KARACHI: The government on Wednesday reduced the cut-off yields on treasury bills by up to 31 basis points, bringing the yields for most tenors below 10 per cent for the first time in over four years.</p>
<p>The yields on three-month and six-month