Oil prices extended their decline for a third straight session on Friday as the U.S. pushed for a Russia-Ukraine peace deal that could bring more oil supplies onto the global market, while uncertainty over U.S. interest rate cuts curbed investor risk appetite. Brent crude futures fell 71 cents, or 1.12%, to $62.67 a barrel by 0212 GMT after slipping 0.2% in the previous session. US West Tex
The auto parts and accessories segment at the Pakistan Stock Exchange (PSX) represents a dynamic intersection of manufacturing strength, technological progress, and investor interest. These companies supply critical components that keep Pakistan’s automotive industry moving. Their performance often serves as a barometer for the broader auto sector, reflecting demand patterns and localisation initi
Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, on Thursday met a 13-member delegation from the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) of Nigeria, led by Barrister Imo Effiong Akpan, Federal Commissioner. Senior officials of the Finance and Revenue Division were also present during the meeting. The finance minister welcomed the delegation and express
The Pakistani rupee strengthened against the US dollar, appreciating 0.08% during the opening hours of trading in the inter-bank market on Friday. At 11am, the currency was hovering at 280.43, a gain of Re0.22 against the greenback. On Thursday, the local unit closed at 280.65. Internationally, the US dollar was on track for its best week in over a month on Friday as investors wagered the
Positive sentiments returned to the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index gaining over 500 points during the opening minutes of trading on Wednesday. At 9:35am, the benchmark index was hovering at 161,502.29, a gain of 567.16 points or 0.35%. Buying interest was observed in key sectors including automobile assemblers, cement, commercial banks, fertiliser, oil and ga