Business
Reserves rise modestly by $22m | The Express Tribune

KARACHI:
Pakistan’s liquid foreign exchange reserves saw a modest rise during the week ended September 19, 2025, as the State Bank of Pakistan (SBP) reported an increase of $22 million.
According to the central bank, its reserves climbed to $14,379.5 million, up from $14,357.5 million a week earlier. This brought the country’s total liquid foreign reserves to $19,793.3 million.
The breakdown showed that the net foreign reserves held by commercial banks stood at $5,413.8 million, while the bulk remained with the SBP.
Meanwhile, the Pakistani Rupee (PKR) posted a slight appreciation of 0.01% against the US dollar in the inter-bank market on Thursday, closing at 281.41, according to data from the SBP. This marked a minor rebound of two paisa from Wednesday’s close at 281.43, reflecting continued stability amid global currency fluctuations.
Ismail Iqbal Securities noted that the PKR’s daily uptick comes despite a calendar year-to-date depreciation of 1.01%, while it has strengthened 0.84% since the fiscal year began in July.
“At the end of the trading session, the PKR appreciated by 0.01% day-on-day against the greenback to settle at 281.41,” the brokerage house stated in its market update on X.
Moreover, gold prices in Pakistan fell on Thursday, mirroring a downturn in the international market where the precious metal trimmed earlier gains after a surprise drop in weekly US jobless claims. Investors are now focused on the upcoming US inflation data that could influence the Federal Reserve’s rate decisions.
Locally, the price of gold per tola dropped by Rs2,000 to settle at Rs396,800, according to the All Pakistan Sarafa Gems and Jewellers Association (APSGJA). The 10-gram gold rate declined by Rs1,714 to Rs340,192. This follows an unchanged rate of Rs398,800 per tola on Wednesday.
Spot gold was steady at $3,735.09 per ounce as of 11:58 am EDT (1558 GMT) after rising as much as 0.6% earlier in the session, according to Reuters. Prices hit a record high of $3,790.82 on Tuesday. US gold futures for December delivery fell 0.1% to $3,766.
“Jobless claims came in at 218,000 versus expectations of 235,000, a slightly hawkish print that may temper some (rate) easing expectations, but it’s not enough to alter the overall trend,” said Peter Grant, Vice President and Senior Metals Strategist at Zaner Metals.
Interactive Commodities Director Adnan Agar noted that the decline in the local market aligns with global trends, with gold prices peaking at $3,761 before easing. “The market hit a low of $3,717 yesterday (Wednesday) and is coming down a bit today (Thursday),” he said.
Meanwhile, silver surged to a record high of around $45 and Rs4,663 locally, contrasting with gold’s slight retreat.
Business
‘For national & economic security’: Trump admin mulls chip-based tariffs on foreign electronics, says report – what it means – The Times of India

The Donald Trump-led US administration is considering a plan to impose tariffs on imported electronic devices depending on the number of chips in each one of them, Reuters reported, citing three sourcesUnder the proposal, the US commerce department would calculate tariffs as a percentage of the product’s estimated chip value, in a move designed to push manufacturers to shift production to America.
“America cannot be reliant on foreign imports for the semiconductor products that are essential for our national and economic security,” White House spokesperson Kush Desai told Reuters, regarding the matter.“The Trump administration is implementing a nuanced, multi-faceted approach to reshoring critical manufacturing back to the United States with tariffs, tax cuts, deregulation, and energy abundance,” Desai added.Uncertainty remains about the scope of products that would be affected, tariff rates, and possible exemptions. The commerce department was weighing a 25% rate on chip content, and 15% for electronics from Japan and the EU, though figures were still preliminary, a source told the agency.
What will be the impact if tariff gets imposed?
If implemented, the policy would apply to a broad range of consumer goods, from toothbrushes to laptops, potentially raising costs for US households. Economists warned it could also worsen inflation. According to Michael Strain, an economist with the conservative American Enterprise Institute, the move would push up consumer prices “at a time when the US has an inflationary problem, with inflation clearly above the Fed’s target and accelerating.”He added that even domestically produced goods could get costlier due to higher tariffs on imported inputs.Trump has already rolled out sweeping tariffs this year, including 100% duties on branded drugs and 25% on heavy-duty trucks. Earlier in April, his administration launched probes into pharmaceuticals and semiconductors, calling foreign reliance a national security threat.A potential exemption linked to investments in US manufacturing, dollar-for-dollar credits only if a company shifts half its production to America, has been discussed but not finalised. Meanwhile, earlier proposals to exempt chipmaking tools faced pushback from the White House, with sources saying Trump dislikes carve-outs. Taiwan Semiconductor Manufacturing Co. (TSMC) and South Korea’s Samsung Electronics, the world’s biggest non-US chipmakers, could be among the hardest hit.
Business
Sinclair, Nexstar will bring ‘Jimmy Kimmel Live’ back to owned ABC stations on Friday

Sinclair and Nexstar are returning “Jimmy Kimmel Live!” to ABC affiliate broadcast stations beginning Friday, the companies said in separate statements.
The announcements come three days after Disney’s ABC broadcast network returned the late night program to its air after a nearly week-long suspension. Disney had temporarily suspended the late night show following comments Kimmel made about the alleged murder of conservative activist Charlie Kirk and President Donald Trump’s MAGA movement.
“Our objective throughout this process has been to ensure that programming remains accurate and engaging for the widest possible audience. We take seriously our responsibility as local broadcasters to provide programming that serves the interests of our communities, while also honoring our obligations to air national network programming,” Sinclair said in a statement on Friday.
“Over the last week, we have received thoughtful feedback from viewers, advertisers, and community leaders representing a wide range of perspectives,” Sinclair said. “We have also witnessed troubling acts of violence, including the despicable incident of a shooting at an ABC affiliate station in Sacramento. These events underscore why responsible broadcasting matters and why respectful dialogue between differing voices remains so important.”
The broadcast station owners said earlier this week they would continue to preempt Kimmel’s late night show, meaning it would be unavailable on local stations for roughly 20% of the country, while they evaluated the situation and continued discussions with Disney.
Sinclair owns roughly 40 ABC affiliate stations in the U.S., including one in in Washington, D.C. Nexstar owns about 30 in markets including Salt Lake City and New Orleans.
Kimmel addressed the situation — and the ongoing preemptions — during his returning show this week.
“We are still on the air in most of the country, except, ironically, from Washington, D.C., where we have been preempted,” Kimmel said during Tuesday’s monologue. “After almost 23 years on the air, we’re suddenly not being broadcast in 20% of the country, which is not a situation we relish.”
Sinclair said Friday it had proposed measures to “strengthen accountability, viewer feedback, and community dialogue” at ABC and its affiliates.
“While ABC and Disney have not yet adopted these measures, and Sinclair respects their right to make those decisions under our network affiliate agreements, we believe such measures could strengthen trust and accountability,” it said.
Nexstar said in a statement: “We have had discussions with executives at The Walt Disney Company and appreciate their constructive approach to addressing our concerns.”
Disney declined to comment Friday.
Kimmel’s suspension last week came shortly after Nexstar announced it would not air the program in light of the host’s comments. Sinclair soon after said it would likewise preempt the program.
Those announcements followed comments from Federal Communications Commission Chairman Brendan Carr that suggested ABC affiliate stations could be at risk of losing broadcast station licenses over Kimmel’s remarks, which came during a show monologue.
The series of events raised questions about influence by the Trump administration on the media and First Amendment protections.
“Our decision to preempt this program was independent of any government interaction or influence,” Sinclair said Friday. “Free speech provides broadcasters with the right to exercise judgment as to the content on their local stations. While we understand that not everyone will agree with our decisions about programming, it is simply inconsistent to champion free speech while demanding that broadcasters air specific content.”
Earlier this week, Sen. Maria Cantwell, D-Wash., sent a letter to Sinclair pushing to bring “Jimmy Kimmel Live!” back on air. Sinclair owns the Seattle ABC affiliate station.
Nexstar similarly denied any government influence.
“As a local broadcaster, Nexstar remains committed to protecting the First Amendment while producing and airing local and national news that is fact-based and unbiased and, above all, broadcasting content that is in the best interest of the communities we serve,” Nexstar said in a statement.
“We stand apart from cable television, monolithic streaming services, and national networks in our commitment – and obligation – to be stewards of the public airwaves and to protect and reflect the specific sensibilities of our communities,” the statement continued. “To be clear, our commitment to those principles has guided our decisions throughout this process, independent of any external influence from government agencies or individuals.”
Business
Deposit claims up to Rs 15L get easier for kin of deceased – The Times of India

MUMBAI: RBI has issued new rules on Friday that in the event of a bank customer’s death, deposits of up to Rs 15 lakh can be claimed by their nominees through a simplified process. For co-operative banks, the limit has been set at Rs 5 lakh.RBI’s new norms have standardised procedures across banks for deposits, safe deposit lockers, and articles in safe custody. The framework replaces earlier circulars and introduces uniform documentation, thresholds, and timelines. The new rules have to be implemented by the end of the current fiscal.For deposits without a nominee, survivorship clause, or will – and where there is no court order or contesting claim – banks must settle claims on submission of a claim form, death certificate, valid ID of the claimant, an indemnity bond, and, if applicable, a letter of disclaimer from other heirs. A legal heir certificate or a declaration by an independent person acceptable to the bank is also required. Banks cannot demand a third-party surety bond for claims within the threshold.RBI has fixed a 15-day deadline for banks to settle deposit claims after receiving all documents. For lockers and safe custody articles, banks must contact claimants and set an inventory date within 15 days. Delays will attract penalties – interest at bank rate plus 4% per annum for deposits, and Rs 5,000 per day for lockers and safe custody items.Banks have been directed to implement the new rules at the earliest, and no later than March 31, 2026.
-
Tech6 days ago
Americans would dominate board of new TikTok US entity: W.House
-
Fashion7 days ago
Trützschler set to showcase textile tech at ITMA Asia 2025
-
Tech7 days ago
Iraq’s first industrial-scale solar plant opens in Karbala desert to tackle electricity crisis
-
Tech7 days ago
EU to finalize probes into tech platforms soon: Commissioner
-
Tech7 days ago
The Best Hybrid Mattresses for Every Kind of Sleeper
-
Tech7 days ago
How to Clean a Kid’s Car Seat the Right Way
-
Fashion6 days ago
Banking woes threaten Bangladesh’s RMG export momentum
-
Tech1 week ago
Donald Trump Is Saying There’s a TikTok Deal. China Isn’t