Pakistan International Airlines (PIA) has nominated aviation executive Adrian Hamilton-Manns, the former chief executive of Oman’s SalamAir, to lead the national carrier as it moves forward with its post-privatisation restructuring. His appointment is still subject to security and other regulatory clearances, with reports indicating he could take charge by the end of October. 1. Three decades o
Gold prices edged higher on Monday as softer oil prices offered support, while investors assessed the chances of a Federal Reserve interest rate hike later this year and looked for fresh signals on the US central bank’s policy trajectory. Spot gold rose 0.3% to $4,175.60 per ounce by 0259 GMT, while US gold futures for December delivery gained 0.4% to $4,196.40. “Gold is posting a modest
Oil prices slipped from a five-month high on Monday as investors took profits after US President Donald Trump waived sanctions and tariffs on Russia that may lead to more Russian fuel exports. Brent crude futures fell $2.29, or 2.08%, to $107.57 a barrel by 0619 GMT after settling at its highest since May 19 on Friday. US West Texas Intermediate crude was at $99.46 a barrel, down $1.95, or 1
Buying interest was evident at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index gaining over 300 points during the first half of the trading session on Friday. At 12pm, the benchmark index was hovering at 166,532.86, up 346.70 points or 0.21%. Key sectors saw buying, including automobile assemblers, cement, commercial banks, oil and gas exploration companies, OMCs, power g
Pakistan is exploring a financing arrangement targeting around $1.5 billion through World Bank Group guarantees to secure funding at competitive rates, the Finance Division said on Friday, as the government seeks to diversify its external financing sources. The development came during Finance Minister Muhammad Aurangzeb meeting with Alvarez & Marsal on the sidelines of the World Bank G