Karachi: In a positive development for Pakistan’s energy sector, the Oil and Gas Development Company Limited (OGDCL) has announced the discovery of a new oil and gas reserve in Sanghar district of Sindh, a finding that could contribute to strengthening domestic energy production and reducing dependence on imported fuels. The discovery is being viewed as…

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Islamabad: The International Monetary Fund (IMF) has reportedly proposed that Pakistan increase the standard General Sales Tax (GST) rate from 18 percent to 19 percent in the federal budget for fiscal year 2026-27, a move that could lead to higher prices for a wide range of goods, including solar panels and electric vehicles. According to…

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KARACHI: The Pakistan Stock Exchange (PSX) recorded a strong bullish trend during the trading week, with the benchmark 100-index gaining more than 6,000 points, driven largely by investor optimism over a possible US–Iran agreement. According to weekly market data, the benchmark index rose by 6,118 points to close at 173,962 points, reflecting improved investor sentiment…

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Islamabad: Pakistan has recorded a significant increase in mobile phone imports during the current fiscal year, with total imports exceeding Rs455 billion in the first ten months, according to official documents. The latest figures show that the country imported mobile phones worth more than Rs455.73 billion from July 2025 to April 2026, reflecting a sharp…

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Hunting for the latest copper price in Pakistan today or the 1 kg tamba rate on May 23, 2026? High-quality Millberry scrap copper is currently available at approximately Rs. 5,500 per kg across key cities including Karachi, Lahore, Islamabad, and Gujranwala. Refined new copper maintains a higher value, generally quoted from Rs. 5,800 to Rs. 6,200+ per kg based on quality, vendor, and area.…

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The government has announced a reduction in the prices of petroleum products, providing some relief to consumers amid ongoing economic pressures. According to the Petroleum Division, the price of petrol has been reduced by Rs6 per litre, while diesel has seen a decrease of Rs6.80 per litre. Following the official notification issued by the Petroleum…

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Karachi: Gold prices witnessed a significant increase across Pakistan, with the price of one tola of gold rising by Rs5,000 amid an upward trend in the international bullion market. According to the All Pakistan Gems and Jewellers Association, the price of 24-karat gold per tola increased by Rs5,000, bringing the new rate to Rs475,362 nationwide.…

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KARACHI: Pakistan Stock Exchange (PSX) recorded a sharp rally on Tuesday after former US President Donald Trump announced a temporary postponement of a planned military strike against Iran, easing fears of an immediate escalation in the Middle East conflict and boosting investor confidence across regional markets. During the second trading session of the business week,…

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ISLAMABAD: Just days after the first anniversary of Marka-i-Haq, calls for dialogue with Pakistan have grown in India, with several leaders in India-held Kashmir among the latest to support efforts to end hostilities between the neighbouring nuclear powers. Former chief ministers of India-held Kashmir, Farooq Abdullah and Mehbooba Mufti, have backed the recent demand by Rashtriya Swayamsevak Sangh (RSS)…

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