In line with market expectations, the Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) has raised the policy rate by 100 basis points to 11.50 percent, to address risks to the macroeconomic outlook stemming from the prolonged conflict in the Middle East. The MPC has raised benchmark interest rate for the first time in nearly three years, delivering a larger-than-expected hike
Gold prices eased on Tuesday, as investors watched for the impact of the Middle East conflict and stalled US-Iran peace talks on the interest rate outlook of key central banks that meet this week. Spot gold was down 0.2% at $4,670.89 per ounce, as of 0350 GMT. US gold futures for June delivery fell 0.2% to $4,684.70. US President Donald Trump is unhappy with the latest Iranian proposal on re
Oil prices extended their gains on Tuesday as efforts to end the U.S.-Iran war appear stalled, with the crucial Strait of Hormuz water way still mainly shut, keeping energy supplies from the key Middle East producing region out of the reach of global buyers. US President Donald Trump is unhappy with the latest Iranian proposal aimed at ending the war, a US official said on Monday. Iranian so
Climate change is no longer a distant concern—it is a pressing reality that is reshaping global finance. As governments, institutions, and investors seek sustainable solutions, Islamic banking is emerging as a natural ally of the green financing movement. Its core principles—risk-sharing, ethical investment, and real economic activity—resonate closely with environmental, social, and governance (ES
Selling pressure was observed at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index shedding nearly 1,200 points during the opening minutes of trading on Monday. At 9:34am, the benchmark index was hovering at 169,472.94, a decrease of 1,199.10 points or 0.70%. Selling was observed in key sectors, including automobile assemblers, cement, commercial banks, fertiliser, oil and