Gold prices surge in Pakistan as international rates rise
Local gold per tola price rises Rs3,600 after international rates climb by $36.
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Global Markets
Urban Sales Secures International Sales Rights for ‘Small Talk’
Paris-based Urban Sales has secured international sales rights for 'Small Talk', a doc-fiction film about elite daughters, for the Locarno Festival.
Pakistan’s High Commissioner to UK Meets Finance Minister to Boost Economic Cooperation
High Commissioner Tipu Usman met with Federal Minister Muhammad Aurangzeb to discuss trade, investment, and financial services cooperation between Pakistan
Samsung to Expand Use of Exynos 2700 in Galaxy S27
Samsung plans to expand Exynos 2700 use in Galaxy S27, with Snapdragon chips for US market.
South Korean Shares Rebound as Tech Companies Rally
South Korean shares rebounded as tech companies, including Samsung and SK Hynix, saw gains following Apple’s spending plans.
Planet Technology reports June revenue growth in cybersecurity and AI
Planet Technology reports increased sales in cybersecurity and AI as demand for enterprise connectivity and security grows.
Government to Introduce Hybrid Sukuk Bonds
The federal government plans to introduce hybrid Sukuk bonds for the first time this fiscal year, diversifying its financing sources.
KSE-100 Plummets as Geopolitical Tensions Trigger Market Sell-off
The KSE-100 Index fell by over 2,000 points due to renewed geopolitical tensions in the Middle East and rising oil prices.
SNGPL Declares Force Majeure on RLNG Supply Amid Security Concerns
Pakistan's SNGPL has declared force majeure due to security concerns, affecting RLNG supplies and power generation in Punjab.
IMF Forecasts Slower Growth for Pakistan’s Economy in FY27
The International Monetary Fund forecasts a slower growth rate for Pakistan's economy in fiscal year 2026-27, below the federal government's target.
Chicago soybeans rise on China demand
US soybean futures rise due to Chinese purchases before key USDA report.
US dollar strengthens amid Gulf tensions and oil price surge
The US dollar held firm against major currencies as renewed Middle East tensions fueled safe-haven bids, with oil prices surging to seven-week…
Japan’s Nikkei Rebounds as AI Shares Gain, Oil Prices Hinder
Japan's Nikkei 225 index rises 1.5% amid gains in AI-related shares, but oil prices due to US-Iran tensions dampen overall market sentiment.
Australian shares fall as Middle East tensions persist
Australian stocks declined for four consecutive sessions due to US President Trump's comments on Iran and concerns about global growth.
Memory price hikes hit smartphone production
Memory costs rise, impacting low-end smartphone manufacturing and power amplifier shipments.
Infineon blocks Innoscience GaN products from US market
US import ban confirmed for Innoscience's infringing GaN products after patent infringement ruling.
Sovereign AI set to drive chipmaking growth
Industry analysis suggests that sovereign AI will be the next major growth area in chipmaking.
Analog Devices completes acquisition of Empower Semiconductor
Analog Devices completes acquisition to strengthen its position in AI power market.
SK Hynix US Share Sale Surpasses Expectations
Demand for SK Hynix's $28 billion US share sale exceeds expectations, underscoring investor appetite for AI chip supplier.
Apple to Invest $30 Billion in US Chip Manufacturer Broadcom
Apple announces a multi-year chip supply deal with Broadcom worth over $30 billion, expanding its U.S. sourcing efforts.