As supplies from Qatar through the Strait of Hormuz remain disrupted, Pakistan bought a liquefied natural gas shipment for delivery later this week at about twice the rate under the Qatari contracts, reported Bloomberg on Monday. TotalEnergies SE sold a cargo for July 10-11 delivery to state-owned Pakistan LNG Ltd. for $17.37 per million British thermal units, read the report, citing traders wi
Pakistan has received strong interest from foreign investors during the ongoing roadshows being held abroad to sell three power distribution companies (Discos) under the privatisation agenda ahead of the launch of the country’s multi-buyer and competitive electricity market by September 2026, according to a govt official. “We have received a very high and a strong response from [foreign] invest
Gold prices eased on Tuesday, trading below a two-week high, with investors awaiting the US Federal Reserve’s June meeting minutes for insight into new Chair Kevin Warsh’s monetary policy direction. Spot gold fell 0.6% to $4,138.32 per ounce by 0232 GMT, while U.S. gold futures for August delivery eased 0.4% to $4,149.90. “Gold price action looks like a little bit of a continuation of las
Oil prices edged higher on Tuesday, but gains were limited as traders looked beyond easing geopolitical tensions in the Middle East and turned their attention to supply increases and demand prospects. Brent crude futures gained 28 cents, or 0.39%, to $72.29, and U.S. West Texas Intermediate crude rose to $68.84 a barrel, up 29 cents, or 0.26% as of 0046 GMT, after settling down to around pre-
Investor sentiments remained positive at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index gaining nearly 900 points during the opening minutes of trading on Monday. At 9:33am, the benchmark index was hovering at 186,247.76, up by 875.56 points or 0.47%. Buying was observed in key sectors, including automobile assemblers, cement, commercial banks, fertiliser, oil and gas ex