Oil prices jumped around 2.5% on Thursday, extending gains from the previous session, as supply concerns resurfaced after the United States imposed sanctions on major Russian oil suppliers Rosneft and Lukoil over the Ukraine war. Brent crude futures were up by $1.56, or 2.49%, at $64.15 per barrel by 0303 GMT, while U.S. West Texas Intermediate crude futures were up $1.53, or 2.62%, at $60.03.
Repatriation of profits and dividends on foreign investments rose by 86 per cent in the first quarter of the current fiscal year (FY26), reaching $752 million compared to $404.5m in the same period last year, according to data released by the State Bank of Pakistan (SBP) on Tuesday. The sharp increase marks a shift in policy, as the government has eased restrictions on profit outflows, which we
Pakistan’s trade deficit with nine neighbouring countries surged by 34.54 per cent in the first quarter of the current fiscal year (FY26), rising to $3.93 billion compared to $2.921bn recorded during the same months last year. The increase in deficit is mainly the outcome of a decline in Pakistan’s overall exports to regional countries, except China, where Pakistan’s exports showed signs of rec
SINGAPORE: Global shares slipped on Wednesday and gold pulled back sharply from a blistering rally, as stretched valuations came under scrutiny and investors booked profits. Geopolitics loomed large. A planned summit between U.S. President Donald Trump and Russian President Vladimir Putin was put on hold and ambiguity lingered over a potential meeting between Trump and Chinese President Xi Jinp
National Bank of Pakistan (NBP) and the National Clearing Company of Pakistan Limited (NCCPL) have signed a memorandum of understanding (MoU) to expand collaboration between the banking sector and capital market. Through this MoU, NBP aims to drive collaborative innovation across the banking and capital market landscape, reinforcing its commitment to inclusive growth, sustainable finance, and t