Pakistan’s total liquid foreign exchange reserves increased by USD 25 million during the last week, reflecting gradual improvement in the country’s external account position. According to the weekly report issued by the State Bank of Pakistan (SBP) on Tuesday, the country’s total liquid foreign exchange reserves rose to USD21.294 billion as of April 30, 2026, compared with USD21.269 billion rec
The dollar started Friday’s Asian session on a firm footing against most major currencies after renewed hostilities broke out between the US and Iran, while the Japanese yen held largely steady following fresh verbal jawboning from Tokyo. The US and Iran exchanged fire and traded barbs again on Thursday, piling fresh pressure on a fragile month-long ceasefire as Iran reviews Washington’s prop
Gold edged higher on Friday and was headed for a weekly gain on easing fears of inflation and higher interest rates as investors remained optimistic about a U.S.-Iran peace deal despite renewed fighting. Spot gold was up 0.3% at $4,700.80 per ounce, as of 0059 GMT. Bullion has gained 1.9% so far this week. US gold futures for June delivery were steady at $4,709.90. The United States an
Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry invited on Friday terminal operators to form a consortium and invest in the Energy City, while encouraging them to develop participation mechanism and contribute to establish a multipurpose terminal at Port Qasim. As per a statement, the minister extended the invitation during a meeting with a six-member delegation of leading
Oil prices were up more than 1% on Friday after renewed fighting broke out between the US and Iran, threatening a shaky ceasefire and dashing hopes for progress on reopening the Strait of Hormuz, a key oil and gas transit route. Brent crude futures were up $1.41, or 1.41%, at $101.47 a barrel as of 0123 GMT. West Texas Intermediate (WTI) US crude futures rose by $1.12, or 1.18%, to $95.93 a b