The dollar was firm on Monday as uncertainty clouded a tentative U.S.-Iran peace deal following threats from President Donald Trump to restart the war in the Middle East and Tehran’s announcement it had closed the Strait of Hormuz. Despite rising tensions, US-Iran peace talks stretched into their second day in Switzerland under the terms of a memorandum of understanding reached last week to e
Oil prices rose on Monday after shipping through the Strait of Hormuz slowed while talks between U.S. and Iranian officials in their first meeting under an interim peace deal were off to a bumpy start. Brent crude futures climbed 54 cents or 0.67%, to $81.11 a barrel by 0030 GMT, after touching a high of $82.30 at the start of trading. U.S. West Texas Intermediate crude futures were at $78
Scheduled for launch in July 2026, the Asaan Connect App is a flagship digital initiative being developed under the Securities and Exchange Commission of Pakistan (SECP)’s guidance to simplify access to investment services including stock market. The country’s top securities regulator in a statement said this initiative will expand financial inclusion, and attract a new generation of investors
Shares climbed to record highs in Japan and South Korea on Friday as peace in the Middle East with the reopening of the Strait of Hormuz pulled oil prices even lower and eased inflation fears. The US dollar was on a tear, hovering near a 13-month high on its major peers, after a hawkish turn from the Federal Reserve led markets to price in more than one rate hike this year. That dragged the y
Pakistan is stepping up efforts to attract Chinese investment into its pharmaceutical and healthcare sectors, with nearly 60 leading Chinese companies participating in investment promotion events in Beijing ahead of the Pakistan–China B2B Pharmaceutical, Healthcare and Biotechnology Investment Conference scheduled to be held in Karachi on July 17-18. The Embassy of Pakistan in Beijing organized