Pakistan’s current account moved back into deficit in December 2025 after posting a surplus in November 2025, mainly due to a rise in the goods import bill. The State Bank of Pakistan (SBP) on Monday reported that Pakistan’s current account recorded a deficit of USD244 million in December 2025, reversing a surplus of USD 98 million posted in November 2025. The shift was mainly driven by a sh
Oil prices edged up on Tuesday, bolstered by a weaker dollar, while markets watched President Donald Trump’s threats of higher US tariffs on European nations over his desire to buy Greenland. Brent futures rose 15 cents, or 0.2%, to $64.09 a barrel at 0430 GMT.The US West Texas Intermediate crude contract for February, which expires on Tuesday, was up 14 cents, or 0.2%, to $59.58. The more a
Oil and Gas Development Company Limited (OGDCL), one of Pakistan’s largest exploration and production (E&P) companies, has discovered oil and gas reserves at the Baragzai X-01 (Slant) exploratory well in District Kohat, Khyber Pakhtunkhwa. The listed E&P disclosed the development in its notice to the Pakistan Stock Exchange (PSX) on Tuesday. “We are pleased to inform that OGDCL, operator of
The Pakistan Stock Exchange (PSX) opened on a strong note, with the benchmark KSE-100 Index gaining nearly 1,700 points during the opening minutes of trading on Monday. At 9:35am, the benchmark index was hovering at 186,786.74, an increase of 1,687.91 points or 0.91%. Buying interest was observed in key sectors, including automobile assemblers, cement, commercial banks, fertiliser, oil and g
ank Makramah Limited (BML) has announced the successful implementation of its court-sanctioned financial restructuring plan, as disclosed through Pakistan Stock Exchange (PSX) notices. Approved by the Islamabad High Court, the restructuring eliminates accumulated losses through a capital reduction, leaving the bank with a clean balance sheet and positioning it for sustainable, profitable growth.