Pakistan’s freelancers earned a record USD197 million in September 2026, taking first-quarter earnings to around USD550 million, up 46 percent year-on-year, as a new Payoneer report highlighted the growing use of stablecoins by international marketplaces and businesses for cross-border payments and financial operations. The report, titled Stablecoin Steps Up, was unveiled at Money20/20 in Las V
The Oil and Gas Regulatory Authority (OGRA) has announced increase in fuel prices for October 27, driven by rising international market trends and import costs. Petrol has been increased by Rs1.54, bringing the new price to Rs379.25 per litre (up from Rs 377.71). High-Speed Diesel (HSD) has gone up by Rs2.16, raising the retail price to Rs395.82 per litre (up from Rs393.66). OGRA attributed the
Oil prices edged lower on Tuesday as the potential for a resolution in the US-Israeli war on Iran kept supply fears at bay, but Brent stayed close to six-month highs as attacks on Saudi Arabia lowered hopes of immediate stability in the region. Brent crude futures were down 66 cents, or 0.57%, at $115.15 a barrel as of 0000 GMT, while US West Texas Intermediate crude was down 44 cents, or 0
Buying interest returned at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index gaining over 1,000 points during the opening minutes of trading on Wednesday. At 9:58am, the benchmark index was hovering at 166,176.01, up 1,024.37 points or 0.62%. Buying was observed in key sectors, including automobile assemblers, cement, commercial banks, oil and gas exploration companies, OM
US-based McCormick & Company has announced its intention to acquire at least 76.55% and control of Unilever Pakistan Foods Limited, according to a regulatory filing on Wednesday, as part of a global transaction involving Unilever PLC’s food business. McCormick intends to acquire 4.88 million shares in the Pakistani company through an agreement, with a public offer to be made in accordance with