Oil prices climbed on Thursday, hovering near seven-month highs, as investors gauged whether U.S.-Iran talks could avert a military conflict that risks supply disruptions, though gains were capped by a build in U.S. crude inventories. Brent futures were trading at $71.12 per barrel, up 27 cents, or 0.3%, at 0123 GMT. WTI futures rose 23 cents, or 0.4%, to $65.65. Brent gained 8 cents on Wed
Supernet Limited (GEMSPNL), a wholly owned subsidiary of Telecard Limited, has been merged with and into Supernet Technologies Limited (STL) pursuant to a Scheme of Arrangement sanctioned by the Sindh High Court, resulting in STL becoming the surviving listed entity. Following the merger’s effectiveness, all assets, liabilities, rights, and obligations of Supernet Limited have been vested in ST
Selling pressure continued unabated at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 shedding nearly 1% on Tuesday. The market opened on a positive note and briefly surged in early trade, but selling pressure quickly emerged, dragging the benchmark sharply lower by mid-morning, hitting an intra-day low of 163,907.59. Following the steep dip, the market staged a steady recover
The management of Oil and Gas Development Company Limited (OGDC), Pakistan’s largest E&P, said it continued to ramp up investment in the Reko Diq project, with around $75 million injected during the quarter, of which $25 million represents OGDC’s share, as development work at the mine progresses without delay. This was shared during a corporate briefing session held on February 23, 2026, which
JDW Sugar Mills Limited, a manufacturer of crystalline sugar, has announced plans to set up a subsidiary in the United Arab Emirates (UAE). The listed company disclosed the development in a notice to the Pakistan Stock Exchange (PSX) on Tuesday. “The Board of JDW Sugar Mills Limited has approved the establishment /setting up of a wholly owned subsidiary company in the United Arab Emirates,”