Business

The Pakistan Stock Exchange (PSX) recorded a powerful rally on Monday, with the benchmark KSE-100 Index surging 2,082 points to close at 187,454 points, reflecting strong investor confidence and broad-based buying across key sectors. The impressive gain marked one of the market's strongest single-day performances in recent weeks, with investors actively purchasing shares in banking, oil and gas, cement, fertilizer, and other heavyweight sectors. Market analysts attributed the rally to improving investor sentiment, expectations of stronger corporate earnings, and optimism over Pakistan's economic outlook. Confidence has also been supported by expectations of macroeconomic stability, easing inflation, and continued reforms aimed at strengthening the country's financial position. Tra...

Global oil prices remained volatile on Monday as investors assessed the impact of higher crude supply, geopolitical developments, and concerns over the global economy. According to international market data, Brent crude traded around $71 per barrel, while US West Texas Intermediate (WTI) hovered near $68 per barrel during the session. Meanwhile, the UAE's Murban crude was quoted at approximately $66 per barrel. Oil prices have been fluctuating in recent weeks as markets react to changing supply and demand dynamics. The latest movement comes after OPEC+ agreed to gradually increase oil production in an effort to meet rising global demand while maintaining market stability. At the same time, investors continue to monitor geopolitical tensions in the Middle East and the pace of economic...

Gold prices staged a strong comeback in Pakistan on Friday, ending a five-session losing streak as international bullion markets rebounded sharply, pushing local rates significantly higher. According to market data, the international price of gold surged by $91 per ounce, taking the precious metal to $4,063 per ounce after renewed buying by investors seeking safe-haven assets amid ongoing global economic uncertainty. The rebound follows recent volatility driven by expectations over US interest rates, currency movements, and geopolitical risks. Reflecting the international trend, the domestic bullion market witnessed a substantial increase in gold prices. The price of 24-karat gold per tola jumped by Rs9,100, reaching Rs428,736, while the price of 10 grams climbed Rs7,802 to Rs367,572...

Telenor Pakistan has officially merged with Ufone to form a single mobile operator under Pak Telecom Mobile Limited (PTML), marking one of the biggest shake-ups in Pakistan's telecom industry in recent years. The merger, completed after receiving all statutory and regulatory approvals, brings together the network infrastructure, spectrum, subscribers, and operations of both telecom companies under PTML. The move is expected to strengthen competition in Pakistan's mobile market and improve network efficiency for millions of users. A key condition set by the Competition Commission of Pakistan (CCP) required Pakistan Telecommunication Company Limited (PTCL) to operate independently from the merged mobile business. As a result, PTCL has been separated from the new mobile entity and will ...

U.S. President Donald Trump has earned more than $1 billion from cryptocurrency-related ventures, according to newly released personal financial disclosure documents that highlight the growing role of digital assets in his business portfolio. The extensive financial filing, covering hundreds of pages, reveals that Trump generated significant income through his involvement in the cryptocurrency sector, including earnings linked to his digital asset ventures and licensing arrangements. According to the disclosure, Trump’s company CIC Digital LLC earned around $636 million, largely connected to cryptocurrency-related business activities. The filing also showed major revenue from World Liberty Financial, a crypto platform associated with Trump and his family. The figures underline a m...

Pak Suzuki Motor Company (PSMC) has issued an important advisory for customers across Pakistan after removing three dealerships from its authorized dealer network, effective June 24, 2026. In a public notice, the automaker announced that Suzuki Habib Motors in Rahim Yar Khan, Suzuki Habib Motors (Khanpur Branch) in Khanpur, and Suzuki Habib Alipur Motors in Alipur are no longer authorized Suzuki dealerships. The company clarified that these outlets can no longer sell Suzuki vehicles, accept customer payments, process bookings, or provide services on behalf of Pak Suzuki. As a result, customers have been advised not to contact the former dealerships for vehicle purchases, booking payments, warranty claims, spare parts, or after-sales support. Pak Suzuki urged buyers to use only ...

Reports say that Spirit Airlines is about to go out of business since it can't recover from bankruptcy and fuel prices are going higher.Bloomberg has a new report that says the airline could go out of business as soon as this week. The war in Iran is likely to blame for the rising fuel prices. Spirit is the country's best ultra-low-cost airline. Its planes are yellow and it doesn't offer any extra services. It works out of Terminal A at LaGuardia Airport, which is modest yet has a lot of history.The Florida-based airline is going through its second bankruptcy right now. Last month, it said it will restructure by getting new planes, offering premium ticket options, and focusing on its strongest routes, which include Fort Lauderdale, Orlando, LaGuardia, and Newark.Zach Griff, a travel exp...

Toyota just showed that the American vehicle market has been slow to adapt. People will buy a luxury electric car if you price it like a regular car. The bZ7 electric vehicle got more than 3,100 orders in the first hour after it came out in China on April 15. The news has been big news in the business ever since. The bZ7 is made by Toyota's GAC joint venture and comes in five trim levels, with prices ranging from 147,800 to 199,800 Chinese yuan, or about $21,500 to $29,000. Those prices are some of the most aggressive Toyota has used in years for a car in the luxury market. What makes the bZ7 so popular?The bZ7 isn't skimping on quality to get that pricing. Toyota worked with Chinese tech companies Xiaomi, Momenta, and Huawei to construct the car's technology stack. The benef...

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