Asian shares wobbled on Tuesday while bonds found their footing following a steep selloff after US President Donald Trump’s decision to pause a planned attack on Iran and his claim there was a good chance of a nuclear deal sent oil prices lower. Trump said on Monday he had paused a planned attack against Iran to allow for negotiations to take place on a deal to end the war, after Tehran sent
Finance Minister Muhammad Aurangzeb Monday assured the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) of relief measures focused on export facilitation, tax reforms, digitization, and automation aimed at easing compliance and improving services for taxpayers and businesses. Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, held a meeting at the Finance Divi
The Asian Development Bank (ADB) is likely to approve a financing facility of around USD 1.2 billion for the rehabilitation of Pakistan Railways’ Main Line-1 (ML-1) project from Karachi to Rohri section, for which the bank is also planning to bring in other development partners as co-financiers. This was revealed by well-placed sources while talking to Business Recorder. Speaking about ADB-s
Pakistan’s current account swung back into deficit in April as a sharp rise in imports, driven largely by higher global oil prices, outweighed earlier gains. The State Bank of Pakistan (SBP) reported on Monday that the current account posted a deficit of USD324 million in April 2026, compared with a surplus of USD1.134 billion in March 2026, which was the highest in a year. Current account p
Gold held steady on Tuesday as the dollar weakened and crude oil prices fell after U.S. President Donald Trump paused a planned attack against Iran, easing concerns about inflation and prolonged high interest rates. Fundamentals Spot gold was steady at $4,565.40 per ounce, as of 0103 GMT, after hitting its lowest level since March 30 in the previous session. US gold futures for June delive