Category: Highlights

Oil prices steady ahead of OPEC report, China stimulus limit gains

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crude oil

Oil prices were little changed on Tuesday, awaiting further price direction from OPEC’s monthly report, while investor disappointment over China’s latest stimulus plan and oversupply concerns limited gains. Brent crude futures rose 38 cents, or 0.5%, to $72.21 a barrel, by 0944 GMT. U.S. West Texas Intermediate crude futures were up 36 cents, or 0.5% at $68.40 a barrel. “In a flat price environment that is stalled, supply and demand become even more magnified and at present it would appear that oil market participants do not like what they see,”…

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Bitcoin nears a record $90,000

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bitcoin

Global stocks came under pressure on Tuesday from investor concern about U.S. President-elect Donald Trump’s policies, while bitcoin neared a record $90,000 as traders piled into assets they believe could benefit from the new administration. Investors have been funneling cash into assets they think will get a boost from Trump’s second four-year term in office, in which he has vowed to raise tariffs on imports from key trading partners, as well as bring in tax cuts and looser regulations. Bitcoin, the world’s biggest cryptocurrency, was trading just shy of a…

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Gold price per tola falls massive Rs7,000 in Pakistan

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gold price

Gold prices in Pakistan saw a massive decrease on Tuesday in line with their drop in the international rates. In the local market, the price of gold per tola lost Rs7,000, clocking in at Rs270,500. Similarly, 10-gram gold was sold at Rs231,911 after it recorded a decrease of Rs6,000, according to rates shared by the All-Pakistan Gems and Jewelers Sarafa Association (APGJSA). On Monday, gold price declined by Rs1,300 to settle at Rs277,500. Meanwhile, the international rate of gold decreased on Tuesday. As per APGJSA, the rate was $2,593 per ounce (with a…

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US Climate Commitment Stands Beyond Elections, COP29 Told

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Cop-29

BAKU: As COP29 commenced on Monday, U.S. climate envoy John Podesta reassured global leaders that efforts to address climate change would persist despite Donald Trump’s re-election. The summit, held from November 11-22, faces heightened uncertainty following Trump’s victory, with the incoming administration expected to reconsider the Paris climate agreement. Podesta emphasized that even if federal action slows, U.S. states, cities, and citizens remain committed to the climate fight. “The work to contain climate change is bigger than one election or political cycle,” he stated. Opening the conference, UN climate chief…

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75 Years of Greener Together – Denmark and Pakistan Celebrate Diplomatic Milestone and GreenPartnerships

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Islamabad, Monday, 11 November 2024 – To celebrate 75 years of diplomatic relations betweenDenmark and Pakistan, the Embassy of Denmark hosted a special reception under the theme “75Years of Greener Together.” The evening underscored a dual purpose – celebrating the endurinpartnership between the two nations and reaffirming their commitment to a greener, moresustainable future.Hosted by H.E. Jakob Linulf, Danish Ambassador to Pakistan, at his residence, the event welcomeda high-level delegation from Denmark, led by Denmark’s State Secretary, Ms. Lisbet Zilmer-Jones,alongside key dignitaries from Pakistan, including the Pakistani Federal Minister of…

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