Gold prices edged higher on Monday as softer oil prices offered support, while investors assessed the chances of a Federal Reserve interest rate hike later this year and looked for fresh signals on the US central bank’s policy trajectory. Spot gold rose 0.3% to $4,175.60 per ounce by 0259 GMT, while US gold futures for December delivery gained 0.4% to $4,196.40. “Gold is posting a modest
Oil prices slipped from a five-month high on Monday as investors took profits after US President Donald Trump waived sanctions and tariffs on Russia that may lead to more Russian fuel exports. Brent crude futures fell $2.29, or 2.08%, to $107.57 a barrel by 0619 GMT after settling at its highest since May 19 on Friday. US West Texas Intermediate crude was at $99.46 a barrel, down $1.95, or 1
Buying interest was evident at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index gaining over 300 points during the first half of the trading session on Friday. At 12pm, the benchmark index was hovering at 166,532.86, up 346.70 points or 0.21%. Key sectors saw buying, including automobile assemblers, cement, commercial banks, oil and gas exploration companies, OMCs, power g
Pakistan is exploring a financing arrangement targeting around $1.5 billion through World Bank Group guarantees to secure funding at competitive rates, the Finance Division said on Friday, as the government seeks to diversify its external financing sources. The development came during Finance Minister Muhammad Aurangzeb meeting with Alvarez & Marsal on the sidelines of the World Bank G
Pakistan has sought Fitch Ratings’ assessment of the requirements for progressing towards the BB sovereign rating category. The development came during a meeting between Finance Minister Muhammad Aurangzeb and the Governor of the State Bank of Pakistan (SBP) with Fitch Ratings on the sidelines of the World Bank Group–IMF Annual Meetings 2026 in Bangkok, Thailand, to discuss Pakistan’s economic