KARACHI: JazzWorld, an integrated digital services company, has executed Pakistan’s largest-ever interest rate swap (IRS) transaction of Rs75 billion with United Bank Ltd (UBL). An interest rate swap is a financial contract under which two
KARACHI: Despite signs of economic fragility, including a current account deficit and a sharp plunge in foreign direct investment in December 2025, equity investors continued their buying spree, propelling the Pakistan Stock Exchange (PSX) to a fr
The International Monetary Fund (IMF) upgraded its 2026 global growth forecast on Monday, citing a boost from tech investments but warning that a reevaluation of AI productivity gains or renewed trade tensions could bring disruptions. World
Pakistan’s external financing position weakened in December 2025 due to a rise in imports and persistent income outflows that pushed the current account back into deficit. According to
LAHORE: The Pakistan Cotton Ginners Association (PCGA) has released provisional national cotton production figures, showing that by Jan 15, 2026, a total of 5.49m bales arrived at ginning factories across the country. This is only 7,000 bal
Gold and silver prices climbed to fresh peaks on Monday, as investors poured into safe-haven assets after US President Donald Trump threatened to impose extra tariffs on European countries over the control of Greenland. Spot gold jumped 1.6
ISLAMABAD: The upstream oil and gas exploration and production companies have lodged a strong protest against the state-owned Sui Southern Gas Company Ltd and Sui Northern Gas Pipeline Ltd for defaulting on more than Rs1.5 trillion in overdue paym