Pakistan National Shipping Corporation (PNSC) may lease or purchase a container vessel to facilitate Pakistani exporters and reduce shipping costs, provided sufficient cargo volumes can be secured to make the operation commercially viable, Maritime Affairs Minister Muhammad Junaid Anwar Chaudhry said. The development came during a meeting between a three-member delegation of exporters and Chaud
Oil prices fell 1% on Thursday as recovering crude exports from the Gulf and a surprise rise in US inventories eased supply concerns, while investors weighed renewed US-Iran diplomatic efforts to end their conflict in the Middle East. Brent crude futures fell 1.1% to $96.92 a barrel by 0420 GMT, and US West Texas Intermediate crude dropped 1.4% to $89.18 a barrel.
Gold edged higher on Thursday after a softer-than-expected US inflation report tempered expectations for a Federal Reserve rate hike this month, with markets looking to upcoming jobs data for further policy signals. Spot gold rose 0.5% to $4,175.19 per ounce by 0417 GMT, starting the month on a positive note after a more than 6% fall in September. US gold futures for December delivery gained
Pakistan Stock Exchange (PSX) came under renewed selling pressure on Tuesday, with the benchmark KSE-100 index shedding 825.22 points, or 0.48%, as concerns over prolonged Middle East tensions and elevated oil prices weighed on investor sentiment. The index started off on a strong note, climbing 324.35 points, or 0.19%, to 170,749.97 by 9:38 am, but reversed course later and remained in the red
Federal Minister for Planning, Development and Special Initiatives Ahsan Iqbal has called for transforming Carec transport routes into next-generation economic corridors by integrating infrastructure, logistics, digital connectivity, energy cooperation and climate resilience. Participating in a session of the 25th Central Asia Regional Economic Cooperation (Carec) Ministerial Conference in Ulaa