Oil prices dipped on Tuesday and were poised for a monthly decline, with investors eyeing potential US-Iran talks in Doha amid a strained interim ceasefire in the four-month-old war. Brent August crude futures, which expire on Tuesday, were down 0.9%, or 64 cents, at $72.51 a barrel as of 0356 GMT. These levels are around $20, or 22%, lower than last month’s closing. The more actively trade
Buying activity was observed at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index gaining over 600 points during the opening minutes of trading on Wednesday. At 10:05am, the benchmark index was hovering at 178,345.60, up by 652.68 points or 0.37%. Buying momentum was observed in key sectors, including automobile assemblers, cement, commercial banks, fertiliser, oil and gas
Pakistan has emphasized the need to advance China–South Asia economic cooperation from traditional trade relations toward deeper industrial partnerships during the 2026 Belt and Road Trade and Investment Forum, held in Beijing under the theme “Creating the New Pattern for a Shared Future.” Atif Ikram Sheikh, Vice President of the SAARC Chamber of Commerce and Industry (Pakistan Chapter) has rea
The State Bank of Pakistan (SBP) has expanded investor access to Government of Pakistan Ijarah Sukuk (GIS) auctions conducted on a Bai-Muajjal basis, allowing non-bank investors, including corporate, investment funds and individuals, to participate alongside Islamic banks and Islamic banking branches. The move is aimed at broadening the investor base, enhancing market liquidity and supporting t
Excessive government borrowing from the banking sector, indirect taxes, and the informal economy dilute the impact of tight monetary policy in controlling inflation, a senior official of the State Bank of Pakistan (SBP) said on Tuesday. Dr. Fayyaz Hussain, Additional Director, Monetary Policy Department, SBP, stated this in a webinar on the topic of ‘Managing Stability During Uncertain Times: R