Oil prices extended gains on Tuesday as heightened concerns surrounding Iran and potential supply disruptions outweighed the prospect of increased crude supply from Venezuela. Brent futures rose 22 cents, or 0.3%, to $64.09 a barrel by 0430 GMT, hovering near a two-month high struck in the previous session. US West Texas Intermediate crude climbed 23 cents, or 0.4%, to $59.73. “The price
The Pakistani rupee registered gain against the US dollar, appreciating 0.06% during the opening minutes of trading in the inter-bank market on Tuesday. At 10am, the local currency was hovering at 279.83, a gain of Re0.18 against the greenback. On Monday, the local unit closed at 280.01. Internationally, the US dollar held to its losses on Tuesday after the Trump administration opened a c
Pak-Qatar General Takaful Limited (PQGTL), a Pak-Qatar Group company, is set to launch its initial public offering (IPO) next week to raise up to Rs420 million. According to a statement, the book-building process is scheduled for January 21–22, with investor registration opening on January 16. Under the current offering, PQGTL will issue 30 million shares, with a floor price of Rs10 per shar
Pakistan and Saudia Arabia agreed on strengthening bilateral cooperation in the mining and minerals sector, with an emphasis on exploring joint investment opportunities and enhancing collaboration across the entire mineral value chain. Federal Minister for Petroleum Ali Pervaiz Malik is currently in Riyadh leading Pakistani delegation at the Future Minerals Forum (FMF) 2026, hosted by the Minis
Pakistan and the United Arab Emirates (UAE) have agreed to introduce a pre-immigration clearance system that will allow Pakistani passengers to complete immigration formalities before departure, enabling them to bypass lengthy queues on arrival at UAE airports. The development came during a meeting between Director General Customs and Port Security Ahmed bin Lahij Al Falasi of UAE and Federal M