A delegation of the business community, comprising Atif Ikram Sheikh President of the Federation of Pakistan Chambers of Commerce & Industry (FPCCI), and Mian Zahid Hussain, Chairman Policy Advisory Board of FPCCI, held a highly constructive meeting with the Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb Khan. The crucial meeting, which took place at the Finance Minister’s
The yen was steady on Tuesday amid lingering market nerves after suspected intervention by Tokyo last week sparked sharp gains in recent sessions, while the U.S. dollar firmed on safe-haven demand as the Middle East war weighed on sentiment. The Australian dollar was little changed at $0.7168 ahead of a policy decision from the Reserve Bank of Australia later in the day, where the central ban
Gold prices were largely steady on Tuesday, as investors weighed the economic fallout of escalating tensions in the Middle East amid stalled peace talks between the U.S and Iran. Fundamentals Spot gold was up 0.2% at $4,528.99 per ounce, as of 0059 GMT. Bullion fell over 2% to its lowest level since March 31 in the previous session. The Week in Breakingviews newsletter offers insights and
Oil prices eased on Tuesday after climbing by as much as 6% in the previous session on signs the U.S. Navy is loosening Iran’s closure of the key Strait of Hormuz waterway, potentially opening up supply from the key Middle East producing area. The U.S. on Monday launched a new operation aimed at reopening Hormuz to shipping and Maersk said later its Alliance Fairfax, a U.S.-flagged vehicle ca
The Pakistan Stock Exchange (PSX) kicked off the week on a positive note, with the benchmark KSE-100 Index gaining nearly 3,300 points during the opening minutes of trading on Monday. At 9:29am, the benchmark index was hovering at 166,269.73, up by 3,275.56 points or 2.01%. Buying interest was observed in key sectors, including automobile assemblers, cement, commercial banks, oil and gas exp