Oil holds near $100 as Iran war rages
Oil prices hovered around $100 a barrel Monday and stocks fluctuated as the Iran war moved into a third week with both sides showing no…
Business
Middle East drives global economic fallout
President Donald Trump said the US heavily bombed military targets on Iran’s Kharg Island, which handles almost all of the country’s crude exports, and threatened…
PM Shehbaz says prices of petroleum products not being increased despite uptick in global market
Prime Minister Shehbaz Sharif on Friday announced that the government decided against increasing petroleum product prices despite surge in global oil rates, saying the move aimed…
Pakistan Stock Exchange plunges 555 points
The Pakistan Stock Exchange (PSX) observed another volatile trading session on Friday, as the benchmark KSE-100 Index ended the week with a loss of 555…
K-Electric Chairman Mark Gerard Skelton steps down
The foreign chairman of K-Electric, Mark Gerard Skelton, has resigned from his position, the company announced in a statement. According to the report, following his…
Oil holds above $100 as tensions escalates between Iran, US and Israel
Oil prices held around $100 Friday and most equity markets dropped after Iran’s leader called for the blocking of the crucial Strait of Hormuz and…
IMF Says ‘Considerable Progress’ Made in Pakistan Funding Talks
ISLAMABAD: The International Monetary Fund (IMF) has said that “considerable progress” has been made in ongoing funding talks with Pakistan, though discussions will continue in…
OGRA Denies Reports of LPG Price Increase
ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has rejected reports circulating in the media about a rise in Liquefied Petroleum Gas prices. In an…
Pakistan, IMF Close to Agreement on Lower FBR Tax Target
ISLAMABAD: Pakistan and the International Monetary Fund are close to reaching a consensus on revising the country’s fiscal framework, including a reduction in the Federal…
Middle East War Triggers Global Economic Ripples
LONDON: The ongoing Middle East conflict is sending shockwaves through the global economy, impacting energy supplies, financial markets and inflation expectations worldwide. Here are the…