Six months into the Iran war, the world’s most powerful oil alliance, OPEC+, finds itself in an unfamiliar position: unable to influence a market it once helped shape. The war, which has shut a major export route for Middle Eastern oil and damaged energy infrastructure in several OPEC countries, has eroded the group’s market share and, with it, its ability to affect prices. Its statements an
Buying was observed at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index gaining over 600 points during the opening minutes of trading on Tuesday. At 9:35am, the benchmark index was hovering at 177,610.06, a gain of 643.38 points or 0.36%. Buying interest was observed in key sectors, including automobile, cement, commercial banks, oil and gas exploration companies, OMCs and
The Pakistan government has approved prices for 52 new essential medicines including those used to treat diseases including cancer, hypertension, diabetes, and respiratory conditions, as well as vaccines for infections. The move will likely improve access of patients to the advanced drugs. “A Cabinet Committee constituted by the Prime Minister for drug pricing that was recently chaired by Feder
The country has received a total USD763.03 million on account of foreign economic assistance during first month of the Financial Year (FY) 2026-27 which is almost nine percent higher as compared with USD694.53 million received during the same period of FY 2025-26. According to data released by the Economic Affairs Division (EAD) here on Monday, the multilateral, bilateral loans and grants in Ju
The Petroleum Division has designated Inter State Gas Systems (ISGS) as the policy implementation entity for execution of the Pakistan Oil Refining Policy for upgradation of existing/brownfield refineries, 2023, as amended in August 2026. According to an official notification issued on August 24, 2026, the amended policy was approved by the ECC on July 28, 2026 and subsequently ratified by the