The dollar pushed higher toward multi-month peaks on Friday as investors sought safety in the shadow of an intensifying Middle East war and mounting doubts over any path to de-escalation. Markets were on edge following another rollercoaster week as US President Donald Trump again extended a pause on strikes against Iran’s energy facilities into April even as Washington and Tehran offered star
Oil prices fell in early trade on Friday and were down over a volatile week after US President Donald Trump said talks with Iran to end the war were going “very well” and announced he would pause attacks on the country’s energy plants for 10 days. Brent futures fell 90 cents, or 0.8%, to $107.11 per barrel as of 0024 GMT, while U.S. West Texas Intermediate futures lost 83 cents, or 0.88%, to
The Pakistan Stock Exchange (PSX) opened sharply lower on Thursday, with the KSE-100 Index shedding over 2,000 points amid rising geopolitical uncertainty after Iran rejected a US-backed ceasefire proposal. At 9:35am, the benchmark index was hovering at 156,251.57, down by 2,061.87 points or 1.30%. Selling pressure was observed in key sectors, including automobile assemblers, cement, commerc
Internationally, currency markets showed signs of fatigue early in Asian trade on Wednesday, with traders cautious over US President Donald Trump’s efforts to bring an end to the war with Iran. The euro edged higher, up 0.1% at $1.1619, with most other currency pairs remaining unchanged. The British pound was up 0.1% at $1.3428, while the New Zealand dollar was flat at $0.5834. Agains
A member supreme council of Businessmen Panel (progressive) of FPCCI and former Hyderabad Chamber of Commerce and Industry (HCCI) president Adeel Siddiqui has said that Pakistan’s economy had started showing signs of revival and stability but still there was need to address challenges of structural nature confronting trade and industrial sectors. He asserted that besides this phase of economic