The Federation of Pakistan Chambers of Commerce and Industry’s Businessmen Panel (BMP) has warned that rising global oil prices, driven by escalating regional tensions, pose serious risks to Pakistan’s fragile economic recovery. BMP Chairman Mian Anjum Nisar cautioned that if international oil prices remain around USD 100 per barrel or climb higher, Pakistan could face significant economic setb
Gold edged lower on Monday, weighed down by waning hopes of near‑term US interest‑rate cuts due to elevated energy prices, while a softer dollar helped limit losses. Spot gold was down 0.2% at $5,007.58 per ounce, as of 0240 GMT. US gold futures for April delivery fell 1% to $5,011.10. The dollar nudged lower, making greenback-priced commodities such as bullion cheaper for holders of o
Oil prices extended gains on Monday as the US-Israeli war against Iran entered a third week, putting oil infrastructure at risk and keeping the Strait of Hormuz shut in the biggest disruption to global supplies ever. Brent crude futures jumped $2.01, or 1.95%, to $105.15 a barrel by 2338 GMT after settling $2.68 higher on Friday. US West Texas Intermediate crude climbed $1.61, or 1.63%, to
Buying returned to the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index gaining nearly 500 points during the opening minutes of trading on Friday. At 9:25am, the benchmark index was hovering at 154,899.81, up by 478.38 points or 0.31%. Buying interest was observed in key sectors, including automobile assemblers, chemical, commercial banks, oil and gas exploration companies, an
Air Link Communication Limited, a Pakistani technology firm, said on Friday that its wholly owned subsidiary, Select Technologies Limited, intends to launch an Initial Public Offering (IPO) and seek listing on the Pakistan Stock Exchange (PSX). The technology firm shared the development in a notice to the Pakistan Stock Exchange (PSX) on Friday. “The Board of Directors of Air Link Communicat