Oil prices fell on Thursday, paring the previous day’s gains, as hopes for peace talks took the edge off renewed concerns over Middle East supply disruptions from escalating regional conflict. Brent crude futures declined 82 cents, or 0.7%, to $114.50 a barrel by 0132 GMT. US West Texas Intermediate (WTI) crude futures were down $1.04, or 1.0%, at $101.74. Brent rose 1.3% and WTI gained 3
The Pakistan Stock Exchange (PSX) extended its winning streak on Tuesday, holding firmly in positive territory throughout the session as broad-based buying across heavyweight sectors lifted market mood, with investors seemingly looking past the State Bank of Pakistan’s (SBP's) latest rate hike amid softer international oil prices and hopes of progress towards resolving the United States-Israel war
Secretary Trade Development Authority of Pakistan (TDAP) Sheryar Taj has announced initiatives to boost exports through agricultural value addition, digital trade facilitation, preferential market access and stronger public-private partnerships, stressing that Pakistan must move beyond raw commodity exports to maximise its trade potential. Speaking during a meeting of Karachi Chamber of Commerc
The State Bank of Pakistan (SBP) Monetary Policy Committee (MPC) on Monday raised the policy rate by 50 basis points (bps) to 12%, in line with market expectations. The decision was taken at the MPC’s third meeting of fiscal year 2026-27. The latest decision marked the SBP’s first rate hike since June 2026 amid inflationary pressures and rising global commodity prices. “The inflation outlook
Mari Energies Limited and Engro Fertilizers Limited have signed a Memorandum of Understanding (MoU) to help farmers improve crop yields and incomes through better access to quality agricultural inputs and balanced nutrient use, alongside community development initiatives. The collaboration will combine Mari Energies’ experience in community development across its areas of operation with Engro F