Share markets surged in Asia on Monday while the dollar slipped and oil prices tumbled as a tentative peace deal between the United States and Iran promised to ease inflationary pressures globally and lessen the need for higher interest rates. Pakistani Prime Minister Shehbaz Sharif said on social media early on Monday that a deal had been struck, while President Donald Trump said the agreeme
Karachi Port has crossed the milestone of 2,000 vessel calls for the first time in nearly eight years, Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry said on Monday. As per a statement, the minister said that Karachi Port handled 2,003 ship calls between July 2025 and June 13, 2026, according to data compiled by the Karachi Port Trust (KPT). The figure surpassed the 2,0
The Pakistan Textile Council (PTC) has welcomed the government’s business and export-oriented measures announced in the Finance Bill 2026-27, describing them as a positive step toward boosting investment confidence, improving competitiveness and supporting export-led economic growth. In separate letters to Finance Minister Senator Muhammad Aurangzeb and Minister of State for Finance Bilal Azhar
The US dollar slid on Monday to a 10-day low against its major peers as news the United States had agreed to a peace deal with Iran sent oil prices tumbling and boosted demand for riskier assets. US and Iranian officials said on Sunday they have agreed on a framework for a deal to end their war, halt the US blockade of Iran and reopen the Strait of Hormuz. Oil prices slipped, with Brent crud
Gold rose 2% on Monday after US and Iran officials said they had reached a preliminary deal to end their conflict, pushing oil prices lower and easing concerns about inflation and higher interest rates. Spot gold was up 2% at $4,304.11 per ounce, as of 0122 GMT, hitting its highest level since June 9. U.S. gold futures for August delivery rose 2% to $4,325.20. US and Iranian officials sai