Oil prices rose on Thursday on investors’ concerns supply from the key Middle East producing region may not fully resume amid doubts the two-week ceasefire between the US and Iran will hold and as the crucial Strait of Hormuz remains restricted. Brent crude futures were up $2.6, or 2.74%, at $97.35 a barrel at 0048 GMT, while U.S. West Texas Intermediate (WTI) crude rose $3.02, or 3.2%, to $9
Bullish momentum was observed at the Pakistan Stock Exchange (PSX) after the US and Iran agreed to a two-week ceasefire amid Pakistan’s mediation efforts. The benchmark KSE-100 Index gained over 12,000 points during the opening minutes of trading on Wednesday. At 9:37am, the benchmark index was hovering at 164,035.83, up by 12,362.38 points or 8.15%. Following the jump, a market halt was trigge
Supernet Technologies Limited (STL) is entering a new growth phase, reporting Rs9.2 billion in revenue for FY2025 and building a multi-billion project pipeline as it expands its footprint in cybersecurity, telecom, and digital infrastructure across the banking, defence, and telecom sectors. The company’s growth momentum comes alongside its transition to the Main Board of the Pakistan Stock Exch
Mian Zahid Hussain, President Pakistan Businessmen and Intellectuals Forum & All Karachi Industrial Alliance and Chairman National Business Group Pakistan, Chairman Policy Advisory Board FPCCI, said that Pakistan is entering a decisive phase of debt management as it prepares to repay a staggering USD4.8 billion in external obligations during the month of April 2026. This significant outflow inc
The business community has welcomed the commencement of commercial operations and the availability of modern facilities at Gwadar Port. President of the Gwadar Chamber of Commerce and Industry, Jeehand Hoth and General Secretary Khalid Saif termed the port’s full operationalisation a major milestone for the regional economy. In a joint statement, they said that the details shared by Chairman Gw