Oil prices fell about 4 percent in volatile trade on Tuesday, as two vessels passed through the Strait of Hormuz and the United States said the ceasefire with Iran remained in place despite exchanges of fire. After jumping about 6 percent in the prior session, Brent futures fell USD4.57, or 4 percent, to settle at USD109.87 a barrel, while US West Texas Intermediate crude fell USD4.15, or 3.9 p
Pakistan LNG Limited, a government subsidiary that procures LNG from the international market, has issued a tender seeking liquefied natural gas (LNG) cargoes. The company has invited bids from international suppliers for the procurement of two LNG cargoes to be delivered later this month at Port Qasim, Karachi. According to an official tender notice released on Wednesday, the cargoes are to
Stocks in Asia slid on Tuesday while oil prices eased but remained well above $100 a barrel, as the U.S. and Iran continue to work towards a truce while at the same time trading blows over the Strait of Hormuz. Traders also had their eyes on the yen after the Japanese currency briefly jumped in the previous session, stoking speculation of another round of intervention from Tokyo. MSCI’s b
Pakistan’s trade deficit crossed $4 billion in April 2026, the highest in 46 months, amid an increase in imports, data released by the Pakistan Bureau of Statistics (PBS) showed on Tuesday. The country’s trade deficit stood at $4.07 billion in April, up nearly 4% against $3.92 billion recorded in the same period the previous year. Pakistan’s exports clocked in at $2.48 billion in April 2026,
Cement despatches during the month of April 2026 were registered at 3.890 million tons against 3.500 million tons despatched during the same month of the last fiscal showing an increase of 11.14 percent. Data released by All Pakistan Cement Manufacturers Association (APCMA) on Monday shows local cement despatches by the industry during the month of Apr-26 were 3.217 million tons compared to 2.6