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Pak, Russia to launch first freight rail service connecting Moscow to KarachiPublished on: August 12, 2026 9:10 AM

Pakistan, Aug. 12 -- Russia and Pakistan are working to launch their first freight rail services connecting Moscow with Karachi and Faisalabad, with Belarus also being considered a potential participa... Read More


PM orders bonded warehouse audit as it pursues Gulf oil storage planPublished on: August 12, 2026 9:08 AM

Pakistan, Aug. 12 -- Pakistan's prime minister on Tuesday ordered a nationwide audit of customs bonded warehouses as it separately prepares a new scheme allowing Gulf producers to store foreign-owned ... Read More


Meta, Pakistan launch AI programme to help small businesses expand digitallyPublished on: August 12, 2026 9:08 AM

Pakistan, Aug. 12 -- Pakistan's IT ministry and Meta on Tuesday launched a training program to help small businesses use digital and artificial intelligence tools to reach new customers, improve produ... Read More


Rupee gains ground against dollarPublished on: August 12, 2026 9:08 AM

Pakistan, Aug. 12 -- The Rupee on Tuesday appreciated by 3 paisa against the US Dollar in interbank trading and closed at Rs 277.67, compared to the previous day's closing of Rs 277.70. According to t... Read More


Gold price rises Rs 2,400 per tolaPublished on: August 12, 2026 9:08 AM

Pakistan, Aug. 12 -- The price of gold in the country witnessed an upward trend on Tuesday, with the price of 24-karat gold increasing by Rs2,400 per tola to Rs459,736, according to the All Pakistan S... Read More


Govt, PBC discuss SOEs restructuring, privatisationPublished on: August 12, 2026 9:05 AM

Pakistan, Aug. 12 -- The government and the Pakistan Business Council (PBC) on Tuesday discussed restructuring state-owned enterprises (SOEs) as part of broader efforts to improve efficiency, reduce t... Read More


Refiners seek foreign funding for $5bn upgrades, look to Saudi ArabiaPublished on: August 12, 2026 9:05 AM

Pakistan, Aug. 12 -- Pakistan's oil refiners are looking to foreign lenders and investors to finance multibillion-dollar upgrades of the country's aging refining infrastructure, industry executives sa... Read More


PSX stays bearish, sheds over 1,463 pointsPublished on: August 12, 2026 9:05 AM

Pakistan, Aug. 12 -- The benchmark KSE-100 Index of the Pakistan Stock Exchange (PSX) continued with a bearish trend on Tuesday, losing 1,463.60 points, a negative change of 0.81 percent, to close at ... Read More


Turkish F-16 crashes during training flightPublished on: August 12, 2026 9:01 PM

Pakistan, Aug. 12 -- A Turkish Air Force F-16 fighter jet crashed during a routine training flight in northwestern Yalova province. Turkiye's Defence Ministry confirmed the aircraft crashed during th... Read More


Pakistan says US, Iran close to some arrangementPublished on: August 12, 2026 8:57 AM

Pakistan, Aug. 12 -- Pakistan on Tuesday indicated that the US and Iran were close to reaching an arrangement that could ease tensions which have embroiled energy markets. "Things are shaping up agai... Read More