Oil prices eased in early Asia trade on Thursday, following the previous day’s 4% jump, as investors assessed efforts by the U.S. and Iran to resolve tensions while both sides have stepped up military activity in the key oil-producing region. Brent futures fell 12 cents, or 0.2% to $70.23 a barrel by 0110 GMT, while US West Texas Intermediate (WTI) crude slipped 8 cents, or 0.1%, to trade at $6
Trading kicked off at the Pakistan Stock Exchange (PSX) on a positive note amid days of selling pressure, with the benchmark KSE-100 Index gaining over 2,900 points during the opening hours of trading on Wednesday. At 10:40am, the benchmark index was hovering at 176,084.86, following a gain of 2,934.45 points or 1.69%. Buying momentum was observed in key sectors, including automobile assembl
Pakistan recorded a current account surplus of $121 million in January 2026, according to data released by the State Bank of Pakistan (SBP) on Tuesday. However, on a cumulative basis, the country posted a current account deficit of $1.07 billion during July-January FY26, compared to a surplus of $560 million in the same period last fiscal year. During January, Pakistan’s workers’ remittance
The Securities and Exchange Commission of Pakistan (SECP) has released a list of 125 foreign companies - comprising branch and liaison offices - that have been formally wound up as of January 20, 2026. The publication also included data from several preceding years, providing a broader historical record of closures. In this regard, the SECP has issued the names of these companies that closed th
Oil and Gas Development Company Limited (OGDCL) on Tuesday signed a contract with SNF S.A., a French specialty chemical company and world leader in polyacrylamide production, for the installation and operation of advanced Water Injection Systems (WIS) at its Kunnar and Pasakhi oil fields located in Hyderabad district, Sindh. The project is projected to enhance oil production by approximately 9 mil