Oil & Gas Development Company Limited (OGDCL) announced an oil discovery from its exploratory well, Bobi Deep-1, located in District Sanghar, Sindh. OGDCL discovered oil reserves in the Bobi and Dhamraki Mining Lease, the company informed the Pakistan Stock Exchange (PSX) on Wednesday. The E&P is the well operator with 100% working interest. “Based on the interpretation of wireline logs, the
A day after massive selling, buying returned to the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index gaining nearly 600 points during the opening minutes of trading on Tuesday. At 9:50am, the benchmark index was hovering at 171,157.75, up by 557.55 points or 0.33%. Buying was observed in key sectors, including automobile assemblers, cement, commercial banks, oil and gas explor
Asian stocks made a cautious start to trading on Tuesday as uncertainty over whether the ceasefire in the Middle East conflict would hold capped the lift to sentiment from renewed optimism around AI. MSCI’s broadest index of Asia-Pacific shares outside Japan fluctuated between gains and losses as trading commenced, last 0.5% lower, led by a 2% decline for Korean shares after an initially high
Pakistan’s gross domestic product is expected to grow at 3.7% in the fiscal year ending June 2026, after logging growth of 3.2% in the previous year, its planning minister said on Monday. Pakistan’s economy grew by 3.99% year-on-year in the third quarter of fiscal year 2025-26, with industry emerging as the key driver, according to the latest data released by the National Accounts Committee (NA
Pakistan’s headline inflation clocked in at 11.7% on a year-on-year (YoY) basis in May 2026, as shown by Pakistan Bureau of Statistics (PBS) data on Monday. This is the highest reading since June 2024, said Arif Habib Limited (AHL). The consumer price index (CPI) was recorded at 10.9% in April 2026. The CPI stood at 3.5% in May 2025. On a month-on-month basis, it increased by 0.5% in May 202