Moody’s Ratings (Moody’s) has upgraded Pakistan’s sovereign credit rating to B3 from Caa1, a four-year high, citing improved governance, stronger external buffers and sustained macroeconomic stabilisation, while retaining a stable outlook. The rating agency stated the upgrade to B3 reflects its expectations that improvements in governance will allow the government to sustain the recent improvem
Gold hit a more than three-month high on Tuesday, extending a rally driven by the US Treasury’s recent buyback announcement, while investor focus shifted to key inflation data and a speech later this week by Federal Reserve Chair Kevin Warsh. Spot gold was up 0.4% at $4,668.19 per ounce, as of 0146 GMT, after hitting its highest since May 14 earlier in the session. US gold futures rose 0.6%
Oil prices steadied on Tuesday, after falling more than 2% in the previous session, as investors assessed the impact of harsher US secondary sanctions against Iran. Brent crude futures were down 9 cents, or 0.1%, at $92.16 by 0104 GMT, while US West Texas Intermediate crude was up 1 cent at $85.02 a barrel. Both contracts fell more than 2% on Monday with US crude oil falling to a one-week
Buying interest was observed at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index gaining over 800 points during the opening minutes of trading on Friday. At 9:19am, the benchmark index was hovering at 177,399.75, up by 807.99 points or 0.46%. Buying was observed in key sectors, including automobile assemblers, cement, commercial banks, fertiliser, OMCs and refineries. Inde
BankIslami, one of Pakistan’s fastest-growing Islamic banks, reported a profit before tax (PBT) of PKR 4.31 billion for the first half of 2026. The Bank’s deposit base crossed PKR 700 billion for the first time, reflecting 11.1 percent year-on-year growth and continued customer trust in its banking services. In the first half of 2026, the Bank’s CASA ratio strengthened to over 77 percent, and g