Asian stock markets were swept up in a global rout on Friday, tracking Wall Street lower as the threat of a protracted energy shock out of the war-torn Middle East sent borrowing costs spiralling higher. Investors took a modicum of comfort from U.S. President Donald Trump’s decision to extend his ultimatum to strike Iranian power plants by 10 days, after pushing back his initial 48-hour deadl
The Indian rupee is set to weaken past 94 per dollar, pressured by risk aversion, rising U.S. Treasury yields and Brent crude holding past $100 a barrel on concerns the war in Iran will drag on. The 1-month non-deliverable forward indicated the rupee will open in the 94.20-94.25 range versus the US dollar, after settling near its lifetime low of 93.9775 on Wednesday. Indian financial mark
Pakistan’s total liquid foreign exchange reserves rose to USD21.74 billion as of March 19, 2026, according to data released by the State Bank of Pakistan (SBP) on Thursday. The central bank said the country’s total liquid reserves stood at USD21,736.0 million during the week under review. Of this, foreign exchange reserves held by the SBP were recorded at USD16,375.8 million, while net foreign
The Oil and Gas Development Company Limited (OGDCL) on Thursday announced a significant gas discovery at its Sahito-1 exploratory well in the Khewari Exploration Licence, located in the Khairpur district of Sindh. Based on wireline logs interpretation results, the sands of Lower Goru Formation (Massive Sand) were tested using Drill Stem Testing (DST) and yielded a promising flow of 17.2 million
The Cabinet Committee on State-Owned Enterprises (CCoSOEs) approved the winding up of Sarmaya-e-Pakistan Limited (SPL) in view of its redundancy following recent changes in the governance framework for state-owned enterprises. The committee met on Thursday with Federal Minister for Finance and Revenue, Muhammad Aurangzeb, in the chair. The Cabinet body considered and approved a summary submi