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Economy
Samsung profits jump 1,800% as AI boom drives chip sales
South Korean technology giant Samsung Electronics says it expects to post a 19-fold jump in its profits, driven by global demand for artificial intelligence (AI) memory chips.
The company forecast that it made 89.4tn won (£43.6bn;…
US Dollar selling rate surpasses Rs. 342
The Sri Lankan Rupee has depreciated further against the US Dollar.
According to the daily exchange rate report issued by the Central Bank (CBSL) today (25), the buying rate of the US Dollar was recorded at Rs. 332.34, while the selling…
Gold edges higher as US-Iran peace deal eases rate hike concerns
Gold prices edged higher on Tuesday as a preliminary U.S.-Iran peace agreement eased concerns of rate hike by the Federal Reserve, while investors awaited further details on the deal. Spot gold was up 0.3% at $4,317.43 per ounce, and…
Oil prices climb more than $3 after Israeli strikes on Lebanon
Brent oil prices jumped more than $3 a barrel on Monday, initially spooked by Israel's launch of renewed strikes on Lebanon a day earlier, but also gaining further steam after sounds of explosions were heard in Iran. Sounds of blasts were…
Oil jumps as US and Iran disagree on peace proposal
Oil prices jumped $3 a barrel on Monday as the United States and Iran failed to agree to a peace proposal drafted by Washington while the Strait of Hormuz remained largely closed, keeping global energy supplies tight.
Brent crude futures…
Pakistan’s Petrol Shock: A Crisis the War Exposed, Not Created
Pakistan entered April with one of the steepest fuel price adjustments in its history. Petrol rose by Rs137 per litre, a 43 percent jump. High‑speed diesel surged by Rs184 per litre, or 55 percent, a single increase larger than the entire…
Oil prices jump as Strait of Hormuz standoff escalates
Crude oil prices rose in early trading Sunday.
The price of U.S. crude oil jumped 6.4% to $87.88 per barrel after trading resumed on the Chicago Mercantile Exchange.
The price of Brent crude, the international standard, climbed 6.5%…
Fear, not Earnings Drives Pakistan’s Equity Market
On Monday, March 30, 2026, the Pakistan Stock Exchange (PSX) endured one of its sharpest downturns in recent memory, underscoring a persistent truth about the market: it is driven less by fundamentals and more by investor sentiment shaped…
Pakistan’s silent emergency: Kidney failure crisis deepens amid water contamination fears
As the world marked World Kidney Day with renewed calls for equitable healthcare, a stark warning from the Pakistan Medical Association (PMA) has drawn attention to a mounting public health crisis in Pakistan.
The Association’s latest…
India–Canada CEPA Will Unlock Complementarities for a Stronger Economic Partnership
Renewed negotiations between India and Canada could strengthen bilateral economic ties by leveraging their complementary strengths in energy, technology, trade, and innovation. The proposed CEPA aims to elevate bilateral trade to USD 50…