Consumers across the country will get relief at the fuel pumps effective for November 4, as the Oil and Gas Regulatory Authority (OGRA) announced a reduction in the ex-depot prices of petrol and High-Speed Diesel (HSD). Under the newly notified rates, the price of petrol has been reduced by Rs5.45 per litre, bringing the retail price down to Rs369.06 per litre. HSD also saw a cut of Rs3.68 per
Gold prices edged higher in early Asian trade on Wednesday as softer oil prices eased inflation concerns, while investors awaited US midterm election results and key labour market data for policy cues. Fundamentals Spot gold was up 0.2% at $3,934.75 per ounce by 0024 GMT, while US gold futures for December delivery rose 0.1% to $3,943.20. Oil prices eased about 1% on Tuesday to their lowe
Oil prices slipped in early trade on Wednesday as investors awaited the results of the US midterm elections and their potential impact on peace talks in the Middle East, even after industry data showed US crude stocks unexpectedly fell last week. Brent futures fell 26 cents, or 0.25%, to $103.34 a barrel by 0157 GMT. US West Texas Intermediate crude futures fell 53 cents, or 0.55%, to $95.
Buying interest was observed at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index gaining over 1,300 points during the opening minutes of trading on Tuesday. At 9:30am, the benchmark index was hovering at 167,869.45, up 1,305.39 points or 0.78%. Key sectors saw buying, including automobile assemblers, cement, commercial banks, oil and gas exploration companies, OMCs and pow
Pakistan is exploring the tokenisation of its existing Eurobond debt, said Finance Minister Muhammad Aurangzeb on Monday, while addressing the “Dialogue on Digital Assets and the Future of Banking”, organised by the Pakistan Banks’ Association (PBA) in collaboration with LUMS. The finance minister shared that the government is holding discussions on the proposed initiative and is seeking Cabine