Author: Admin

Gold, silver prices surge in global and local markets

Admin
gold price

Gold and silver prices continued their upward trajectory in both international and local markets. In the international bullion market, the price of gold per ounce rose by $30 to reach $5,138. Spot gold was up 0.6 per cent at $5,136.22 per ounce by 0729 GMT after hitting its highest level since January 30 earlier in the session. US gold futures for April delivery gained 1.5 per cent to $5,157.50. In the domestic market, the price of gold per tola increased by Rs3,000 to Rs534,562. Similarly, the price of 10 grams…

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PSX flips into freefall on macro uncertainty, weak sentiment

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PSX

Pakistan Stock Exchange (PSX) witnessed a deeply volatile session, as sustained selling pressure overshadowed early gains and dragged the benchmark KSE-100 index sharply lower. The market opened on a relatively firm note, with the index climbing to an intra-day high of 174,336.86 points during early trading hours. However, the positive momentum proved short-lived as profit-taking emerged at higher levels, sending the index downward amid heavy jitters. Investor confidence remained fragile throughout the session, weighed down by escalating geopolitical strains, uncertainty ahead of the forthcoming IMF assessment, and uneven corporate earnings…

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OGDC Announces Financial Results for the Half Year Ended December 31, 2025; Declares Highest-Ever Second Quarterly Dividend of Rs 4.25 per Share, Taking Half-Year Payout to Record Rs 7.75 per Share

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ISLAMABAD, February 23, 2026: The Board of Directors of Oil & Gas Development Company Limited (OGDC), in its meeting held on Monday, February 23, 2026, announced the financial results for the half year ended December 31, 2025, and declared a second interim cash dividend of Rs 4.25 per share (42.50%) — the highest-ever second quarterly dividend in the Company’s history. This brings the cumulative interim dividend for the half year to Rs 7.75 per share, representing the highest-ever half-year payout by the Company.OGDC posted net sales revenue of Rs 192.830…

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High Energy Costs Threaten UK Manufacturing Competitiveness, CBI and Energy UK Warn

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Energy-power

LONDON: Soaring energy prices are putting the United Kingdom’s manufacturing base at risk, with nearly 40 percent of businesses cutting investment amid persistently high electricity and gas costs, according to a joint report by the Confederation of British Industry (CBI) and Energy UK. The report cautions that the UK could lose its status as a major manufacturing hub unless urgent reforms are undertaken to address elevated energy prices and outdated infrastructure. Business electricity costs remain around 70 percent higher than pre-Ukraine war levels, while gas prices are approximately 60 percent…

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Pakistan, Philippines Discuss Expanding Trade, Investment and Energy Cooperation

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New-Project69

MANILA: Pakistan and the Philippines have reaffirmed their commitment to strengthening bilateral trade and investment, with a focus on agriculture, energy, minerals, and improved business mobility during high-level talks held in Manila. The discussions took place during the second session of the Pakistan-Philippines Joint Economic Commission, co-chaired by Pakistan’s Secretary of Economic Affairs Muhammad Humair Karim and Philippine Undersecretary for International Trade Allan B. Gepty. Senior officials from both sides also participated in the meeting. According to Pakistan’s Ministry of Economic Affairs, both countries explored avenues to enhance commercial ties,…

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