Oil prices nudged higher on Friday to fresh one-week highs after US President Donald Trump warned of “consequences” if Russia blocked a Ukraine peace deal, injecting concerns about supply.
Sentiment was also boosted by strong economic data out of Japan, which is among the largest global crude importers. Brent crude futures...
The Pakistani rupee maintained its upward momentum against the US dollar, appreciating 0.13% during the opening hours of trading in the inter-bank market on Friday.
At 10am, the currency was hovering at 281.85, a gain of Re0.37.
On Wednesday, the rupee had closed at 282.22.
The inter-bank was closed on Thursday on...
Pakistan and Iran have agreed on the text of proposed Free Trade Agreement (FTA) aimed at enhancing bilateral trade and now list of items are being exchanged on which tariff will be reduced to zero or lowered.
This was disclosed by Ministry of Commerce while giving a detailed briefing on...
Federal Minister for Planning, Development and Special Initiatives Ahsan Iqbal announced that Pakistan recorded a current account surplus of $2.1 billion in FY2025, compared to a $2.1 billion deficit the previous year— marking a positive turnaround of $4.2 billion, the highest surplus in 22 years.
While addressing a press conference...
The Pakistani rupee maintained its upward momentum against the US dollar, appreciating 0.16% during the opening hours of trading in the inter-bank market on Wednesday.
At 10am, the currency was hovering at 281.97, a gain of Re0.45.
On Tuesday, rupee closed at 282.42.
Internationally, the US dollar weakened on Wednesday after a tame reading...
The ongoing bullish momentum at the Pakistan Stock Exchange (PSX) was not stopping, with the benchmark KSE-100 gaining over 600 points during the opening minutes of trading on Wednesday.
At 9:40am, the benchmark index was hovering at 147,630.54, an increase of 625.22 points or 0.43%.
Buying interest was observed in key...
Finance Minister Muhammad Aurangzeb has termed as alarming the government figures suggesting that State-Owned Enterprises (SOEs) have incurred losses of nearly six trillion rupees, saying, eight SOEs would be privatised this year.
“This is alarming indeed,” he said, speaking on a calling attention notice in Senate on Tuesday regarding the...
Finance Minister Muhammad Aurangzeb signalled potential easing of Pakistan’s policy rate later this year, noting slowing inflation and stable economic indicators, while addressing the 78th Independence Day of Pakistan and the Marka-e-Haque celebrations at the Rawalpindi Chamber of Commerce & Industry (RCCI) on Wednesday.
“I am always careful that the...
United Bank Limited (UBL), one of Pakistan’s most established and progressive financial institutions, has successfully completed Phase 1 of its core banking automation testing program in just 16 weeks, delivered by automation partner AUTON8.
This milestone marks a pivotal step in UBL’s digital transformation journey, validating its core systems with...
Deputy Prime Minister/Foreign Minister, Senator Mohammad Ishaq Dar, chaired a meeting to review challenges facing Pakistan’s energy sector.
Discussions focused on key issues affecting the financial sustainability and long-term stability of the sector, including energy consumption patterns, pricing mechanisms, subsidy management, and the reduction of Transmission and Distribution (T&D) losses.
Dar...
