The Wafi Energy Pakistan Ltd has signalled plans to invest up to USD100 million over the next two to three years to expand its retail and storage network, while urging the government to ensure a clear and predictable fiscal framework to boost investor confidence. Federal Minister for Finance and Revenue Muhammad Aurangzeb on Monday reaffirmed the government’s commitment to sustaining macroecono
Gold rose more than 3% on Tuesday, rebounding from a near one-month low hit in the previous session, as market participants braced for an absence of key economic data this week due to a partial U.S. government shutdown. Fundamentals; Spot gold climbed 3.7% to $4,837.16 per ounce by 0120 GMT, after touching a near one-month low in the previous session. Bullion scaled a record high of $5,594.82 o
Oil prices held steady on Tuesday as market participants weighed the possibility of a de-escalation in U.S.-Iran tensions, with a firmer dollar limiting the upside. Brent crude futures were up 6 cents, or 0.1%, at $66.36 per barrel at 0102 GMT. U.S. West Texas Intermediate crude was at $62.24 per barrel, up 0.2%. Oil prices fell more than 4% on Monday after U.S. President Donald Trump said I
Negative sentiments were observed at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index shedding over 300 points during the opening minutes of trading on Monday. At 9:40am, the benchmark index was hovering at 183,847.01, a decrease of 327.47 points or 0.18%. Selling pressure was observed in key sectors, including cement, commercial banks, fertiliser, oil and gas exploration
Economic challenges persistently haunt Pakistan. The country is facing economic crises that have become a common refrain. Despite the efforts of successive governments and their tall claims, the economy remains on a downward trajectory. Debt repayment is a major challenge in the current context, further aggravated by rising circular debt. Inflation has returned, and the inflation rate has begun