Oil prices on Tuesday were set for a record monthly rise while Asian shares were headed for their steepest fall since 2022, capping a tumultuous month as the war in the Middle East stoked fears of higher inflation and slower growth. Bonds were headed for their largest decline in months, owing to the hawkish sea change in the global outlook for interest rates, while the dollar recorded its str
The leading Russian pharmaceutical company M/s Genetics Pharmaceuticals/M/s Zavod Medsintez LLC, producing insulin, will invest approximately USD80 million in Pakistan’s pharma sector over the next six years. In this connection, the Drug Regulatory Authority of Pakistan (DRAP) has conditionally fixed the Maximum Retail Price (MRP) for six insulin products of the Russian pharmaceutical company,
Habib Metropolitan Bank Limited announced key appointments on Tuesday.The bank shared the information in a notice to the Pakistan Stock Exchange (PSX) today. The bank said that Khurram Shahzad Khan was reappointed as president and chief executive officer for another three years. The notice further said Mohamedali R. Habib was re-elected as chairman, effective March 30, 2026. Habib Metropo
The dollar headed for its biggest monthly gain since July on Tuesday and stands out as the strongest so-called safe asset as war in the Mideast has set oil prices surging and raised the risk of global recession. Overnight the dollar extended gains widely, save for against the yen where renewed threats of intervention from Tokyo have traders wary of selling the yen too far past 160 per dollar.
Gold prices rose on Tuesday on hopes of de-escalation in the Middle East conflict, but were poised for their worst month in more than 17 years as higher energy prices dimmed hopes for a US interest rate cut this year. Spot gold was up 1.5% at $4,578.89 per ounce, as of 0235 GMT. US gold futures for April delivery gained 1.2% to $4,611.30. The dollar eased, making greenback-denominated