Oil prices dropped in early trade on Thursday after Qatar said Iran and the US had made “positive progress” in indirect talks that concluded on Wednesday, focused on the Strait of Hormuz, which handled one-fifth of global oil supply before the war. Brent futures were down 73 cents, or 1.02%, to $70.84 a barrel by 0102 GMT, while US West Texas Intermediate crude fell 83 cents, or 1.21%, to $67
Buying momentum continued at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 gaining nearly 1,800 points during the opening minutes of trading on Wednesday. At 10am, the benchmark index was hovering at 182,053.72, up by 1,752.02 points or 0.97%. Buying was observed in key sectors, including automobile assemblers, cement, commercial banks, oil and gas exploration companies, OMCs
Pakistan’s equity market delivered another stellar year in FY2025-26, with the benchmark KSE-100 Index gaining 44 percent in rupee terms and 46 percent in US dollar terms, as improving macroeconomic stability under the IMF programme continued to bolster investor confidence despite heightened geopolitical volatility during the second half of the fiscal year. According to a year-end market outloo
The winding-up process of Pakistan Hotel Developers Limited has hit another roadblock amid the company’s ongoing litigation and recovery of amounts. The listed company disclosed the development in a notice to the Pakistan Stock Exchange (PSX) on Wednesday. The company said that its liquidators filed an application, JCM No. 38 of 2026, before the High Court of Sindh on June 27, 2026, under Se
South Korea’s state-owned Korea South-East Power Company (KOEN) has urged Pakistan to remove regulatory hurdles holding up nearly $1 billion in planned hydropower investments, citing delays in tariff determination and uncertainty over the country’s future power generation plan. The development came during a meeting between Federal Minister for Commerce Jam Kamal Khan and a delegation of KOEN, h