Friday, December 26 2025

Silver tops $75 as gold and platinum surge to records
Gold, silver, and platinum hit record highs on Friday, as speculative momentum and thinning year-end liquidity powered the precious metals, along with markets pricing in more US rate cuts, and rising geopolitical tension. Spot gold rose 0.6% to $4,504.79 per ounce, as of 0423 GMT, after touching a record $4,530.60 earlier, while US gold futures for February delivery climbed 0.7% to $4,535.20. Spot silver jumped 3.6% to $74.56 per ounce, after touching an all-time high of $75.14. “Momentum-driven and speculative players have been powering the rally in gold and silver since early December, with thin year-end liquidity, expectations of prolonged US rate cuts, a weaker dollar and a flare-up in geopolitical risks combining to push precious metals to fresh record highs,” said Kelvin Wong, senior market analyst at OANDA. “Looking ahead into the first half of 2026, gold could move towards the $5,000 level, while silver has the potential to reach around $90.”
Related news categories: business investment-copr misc

Tuesday, December 23 2025

easypaisa announces global remittance partnership
easypaisa digital bank processed over 3.8 billion transactions in 2025 worth more than PKR 15 trillion, as it marked the first anniversary of its digital banking operations at its annual stakeholder dinner. The bank also announced a major step towards expanding Pakistan’s global remittance and payments connectivity. Addressing the gathering, Chief Guest, Federal Minister for Information Technology and Telecommunications, Shaza Fatima Khawaja, congratulated easypaisa on completing its first year as a digital bank and said, “The promotion of the digital economy is a top priority of the government as instructed by the Prime Minister. Concrete steps are being taken to advance and strengthen the digital economy.” She added that accelerated digitization was aligning Pakistan’s economy with modern requirements, noting that the record growth in IT exports was an encouraging signal for the country’s economic future. She said that the government is all set to launch 5G in the country next year.
Related news categories: business economic-indicators investment-copr

Tuesday, December 16 2025

DH Partners, Cyan to merge into Dawood Lawrencepur
DH Partners Limited (DHPL) has announced plans to amalgamate with Cyan Limited into Dawood Lawrencepur Limited (DLL) through a court-approved Scheme of Arrangement. DHPL announced the development via a notice to the Pakistan Stock Exchange (PSX) on Tuesday. Under the proposed scheme, subject to the requisite corporate and regulatory approvals, including the sanction of the Islamabad High Court, Dawood Lawrencepur will be the surviving listed entity and will issue its shares to the shareholders of DH Partners and Cyan as consideration for the amalgamation. Shareholders of DH Partners, excluding Dawood Lawrencepur, will receive 4.7724 ordinary shares of DLL for every 100 ordinary shares held in DHPL, while Cyan shareholders will be “issued 7.2974 ordinary shares of DLL for every 100 ordinary shares” held.
Related news categories: business economic-indicators insurance investment-copr psx stock-exchanges textile-composite
Related symbols: cyan (news stock) dhpl (news stock) dll (news stock)