Oil prices jumped 7% to their highest levels in months on Monday as Iran and Israel stepped up attacks in the Middle East, damaging tankers and disrupting shipments from the key producing region. Brent crude futures shot up to $82.37, the highest since January 2025, in the first futures trading after the U.S. and Israel launched strikes on Iran and killed its Supreme Leader Ali Khamenei on Satu
Selling pressure returned to the Pakistan Stock Exchange (PSX) on Friday as investor sentiment remained dented amid the escalating situation between Pakistan and neighbouring Afghanistan. The benchmark KSE-100 Index shed over 3,000 points during the opening minutes of trading. At 9:20am, the benchmark index was hovering at 165,813.86, down by 3,079.22 points or 1.82%. Selling pressure was ob
The Securities and Exchange Commission of Pakistan (SECP) has approved revisions to the Shariah screening criteria and methodology for the PSX-KMI All Share Index. The revisions align with international benchmarks and aim to strengthen investor confidence in Shariah-compliant capital market instruments. The decision follows a high-level review meeting of the Committee on the Post-2027 Financial
Mian Zahid Hussain, President Pakistan Businessmen and Intellectuals Forum & All Karachi Industrial Alliance, Chairman National Business Group Pakistan and Chairman Policy Advisory Board FPCCI, has said that while the domestic economy is showing signs of a genuine turnaround, the ongoing IMF review mission must not result in further energy tariff hikes or tax burdens that could push the struggling
Oil and Gas Development Company Limited (OGDCL), Pakistan’s largest exploration and production company on Thursday signed Petroleum Concession Agreements (PCAs) for five new exploration blocks awarded in the bidding round held on April 30, 2025. The signing ceremony for the blocks was held at the Ministry of Energy (Petroleum Division) in Islamabad. The provisional awards had been announced ear