Millat Tractors Limited Chairman Sikandar Mustafa Khan has said that his group will start exporting tractors to Nigeria and Mexico soon after the US-Iran war is over. He disclosed this while speaking at a function his group held for the Founders Group at a local hotel in Lahore.” Consignments are ready and we will start export as early as the war in Middle East is over.” He maintained that the
Sitara Petroleum Service Limited (SPSL) on Thursday formally joined the Pakistan Stock Exchange (PSX) after successfully completing one of the country’s largest and most widely participated private-sector Initial Public Offerings (IPO), raising approximately Rs4.8 billion amid overwhelming investor response. The listing marks the 10th IPO of the year, reflecting growing momentum in Pakistan’s c
The start of peak summer fuel demand combined with the lack of new oil exports from the Middle East and depleting stocks could push the oil market into the “red zone” in July-August, the head of the International Energy Agency said on Thursday. “We may be entering the red zone in July or August if we don’t see that there are some improvements in the situation,” Fatih Birol said in a speech at C
The dollar held near a six-week top on Friday, after a volatile overnight session on conflicting signals over a US-Iran peace deal, though investors latched on to hopes of some progress. Washington and Tehran stuck to opposing stances over the latter’s uranium stockpile and control of the Strait of Hormuz, although US Secretary of State Marco Rubio said there had been “some good signs” in tal
Gold edged lower on Friday and was headed for its second consecutive weekly loss, pressured by a stronger dollar and higher oil prices that boosted expectations of interest rate hikes by the U.S. Federal Reserve. Spot gold was down 0.4% at $4,522.89 per ounce by 0222 GMT. The metal was down about 0.3% for the week so far. US gold futures for June delivery lost 0.4% to $4,524.40. The dol