Overseas workers’ remittances to Pakistan increased by 9% to $41.6 billion during Jul-June FY26, up from $38.3 billion in the previous fiscal year. During June, remittances stood at $3.475 billion, according to data from the State Bank of Pakistan (SBP) released on Thursday. In terms of growth, remittances declined by 18% on a month-on-month basis but were up 2% on a year-on-year basis. A
Pakistan’s exports of fish and fish preparations reached a record $568 million during fiscal year 2025-26. In a statement on Thursday, Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry. In a statement, the minister said the milestone reflected the government’s commitment to strengthening the blue economy, expanding seafood exports and ensuring compliance with international
Gold prices fell on Thursday after hitting a one-week low in the previous session, as US President Donald Trump’s declaration that an interim agreement to end the war with Iran was “over” reignited concerns over higher inflation and interest rates. Spot gold fell 0.3% to $4,066.24 per ounce by 0105 GMT, after dropping to its lowest since July 1 on Wednesday. U.S. gold futures for August delive
Oil prices rose more than 1% on Thursday after the US carried out fresh strikes on Iran, denting hopes for talks to end their war and for the full reopening of the Strait of Hormuz, a chokepoint for one-fifth of pre-war global oil supplies. Brent crude futures rose 86 cents, or 1.1%, to $78.88 a barrel by 0352 GMT.US West Texas Intermediate crude futures were up 85 cents, or 1.2%, at $74.37 a b
The benchmark KSE-100 Index opened Wednesday's trading session on a weak note, standing at 183,759.73 as of 9:37am, down 2,495.82 points, or 1.34%, as investors turned risk-averse following renewed geopolitical tensions in the Middle East and a sharp rise in international oil prices. Market sentiment remained under pressure after oil prices advanced as the United States launched fresh military