Senate Chairman Syed Yousaf Raza Gilani on Wednesday said Pakistan’s pharmaceutical exports had reached a record $457 million in the last fiscal year, registering a 34pc growth - the highest increase in over two decades. He was speaking to participants of the 8th Pharma Summit, which was organised by Pakistan Pharmaceutical Manufacturers Association (PPMA). The event brought together leading ph
Buying rally continued at the Pakistan Stock Exchange (PSX), amid optimism over government measures to address the crippling circular debt, with the benchmark KSE-100 Index gaining over 500 points during the opening minutes of trading on Thursday. At 10:05am, the benchmark index was hovering at 158,758.04, a gain of 521.37 points or 0.33%. Buying momentum was observed in key sectors includin
Asian shares took a breather from their recent rally on Thursday as investors positioned for month- and quarter-end flows, while the Japanese yen tested fresh lows against the euro and a surging Swiss franc. Oil prices slipped, after surging over 2% overnight to seven-week peaks as a surprise drop in US crude inventories added to supply worries amid export issues in Iraq, Venezuela and Russia.
Oil prices eased in Asian trade on Thursday, retreating from a seven-week high reached in the prior session as some investors took money off the table due to uncertainty around the supply-demand outlook. Brent futures slipped 26 cents, or 0.4%, to $69.05 a barrel by 0350 GMT, while US West Texas Intermediate (WTI) crude futures fell 27 cents, or 0.4%, to $64.72 a barrel. Both benchmarks gain
Iran’s oil sales to China would continue even if UN sanctions, are reimposed under a so-called snapback mechanism, Iran’s Oil Minister Mohsen Paknejad said on Wednesday, as Iran and European powers struggle to reach a deal to avert the sanctions. The foreign ministers of France, Britain and Germany - the so-called E3 - along with the EU’s foreign policy chief Kaja Kallas - held talks with their