Gold prices drop by Rs500 per tola
Local gold prices decline by Rs500 per tola on Tuesday, settling at Rs427,936.
Tag
Inflation
Urea Sales Slump as Monsoon Rains Disrupt Fertilizer Application
Pakistan’s urea sales are expected to decline by 4 percent year-on-year in July 2026, hit by heavy monsoon rains.
Yuan Holds Steady Despite Weaker PBOC Fixing
China's yuan remains stable despite weaker midpoint guidance from the People’s Bank of China.
Taiwan chemical firm Johnson Fine to boost production for AI materials
Taiwan-based company plans capacity expansion in Taiwan and China to meet growing demand for electronic materials used in AI applications.
Olive Oil Prices Set to Rise Amid European Crop Crisis
European crops hit by extreme heat, drought and wildfires leading to potential price hikes.
CXMT listing raises concerns over DRAM market
CXMT's public listing raises concerns over its potential disruption in the global DRAM market.
Semiconductor industry faces material cost and FOUP shortages
Topco Scientific Co. warns of rising material costs and FOUP shortages threatening semiconductor industry in 2026.
PSMA Urges Government to Approve Sugar Exports
The Pakistan Sugar Mills Association requests government approval to export surplus sugar, citing concerns for sugarcane farmers and industry sustainabilit
Global Oil Prices Fall, But Relief Elusive for Pakistan
Despite global oil price drops, Pakistani consumers unlikely to see immediate relief due to fixed dealer margins.
American Bitcoin Reports Second-Quarter Loss Amid Crypto Market Volatility
American Bitcoin, backed by Trump sons, reports a $57.2 million loss amid crypto market volatility.
US stocks rise on reduced oil prices amid Iran tensions
Wall Street gains as oil prices drop and President Trump hints at potential progress in talks with Iran.
HBL PMI shows strongest manufacturing expansion in four months
The HBL Pakistan Manufacturing PMI rose to 51.7 in July, driven by domestic demand and resilient export orders.
Government Scraps New EV and Hybrid Policy Amid Industry Concerns
Local car industry pressures government to cancel new Auto Policy 2026-31, impacting hybrid vehicle sales.
Pakistan seeks IMF flexibility for fuel pricing
Petroleum Minister Ali Pervaiz Malik discusses engagement with the IMF on fuel pricing mechanisms to cushion oil price shocks.
DeepSeek V4-Flash Outshines Competitors in Cost Efficiency
DeepSeek’s V4-Flash is the most cost-effective AI model, costing just 3 cents per benchmark test compared to $3.15 for Claude Fable 5.
Petroleum Sales Surge in Pakistan as Fuel Prices Drop
Petroleum product sales in Pakistan surged by 23% year-on-year in July, driven by lower fuel prices and improved farm economics.
Petroleum Sales Surge in July, Reaching Four-Year High
Petroleum product sales surged by 23% in Pakistan in July 2026, with Motor Spirit and HSD seeing significant increases.
Gold prices rise in Pakistan following international market gains
Gold per tola increases by Rs1,700 while silver rises by Rs54 due to international market gains.
China’s Manufacturing Sector Slows to Four-Month Low in July
China's manufacturing PMI fell to a four-month low, with new export orders showing marginal growth. Firms remain optimistic about future output.
Pakistan’s inflation rate hits 9.2% in July 2026
Pakistan’s headline inflation rate reached 9.2% YoY in July 2026, as reported by PBS.