Oil prices settled almost 3 percent higher on Monday after US President Donald Trump said the ceasefire with Iran was “on life support,” leaving the Strait of Hormuz largely closed with no clear end in sight to the war. Brent crude futures settled up USD2.92, or 2.88 percent, at USD104.21 a barrel. US West Texas Intermediate settled at USD98.07 a barrel, up USD2.65, or 2.78 percent. Brent reach
The Searle Company Limited on Tuesday announced a major restructuring plan aimed at consolidating its biological products business under a dedicated subsidiary, as part of efforts to streamline operations and improve efficiency across the group. The listed pharma shared this development in a notice to the Pakistan Stock Exchange (PSX). The pharma said that its board had approved a proposal t
Pakistan and Turkmenistan on Tuesday discussed expanding cooperation in regional energy connectivity and infrastructure development, as Islamabad pushed to strengthen its role as a trade and transit gateway linking Central Asia with international markets through its seaports. The development came during a meeting between Federal Minister for Commerce Jam Kamal Khan and Ambassador of Turkmenista
LSE SPAC-I Limited said on Tuesday that following its successful IPO, it had paid Rs230 million for the acquisition of 19.04% equity stake in Ningbo Green Light Energy Limited. The company informed the Pakistan Stock Exchange today. Ningbo Green Light Energy Limited is a leading solar energy solutions provider and EРС company in Pakistan, partly owned by Ningbo Green Light Energy Group Compa
Millat Tractors Limited, Pakistan’s largest tractor manufacturer, on Tuesday announced that one of its subsidiary companies has signed a memorandum of understanding (MoU) with a leading Chinese electric bike manufacturer to manufacture electric bikes in Pakistan. “Millat Tractors Limited (MTL) is pleased to inform that a subsidiary company of Millat Tractors Limited has signed a MoU with a lea