Crude oil surges up 8% above $100 on peace talks deadlock
The US oil benchmark rebounded above $100 a barrel on Monday after peace talks between the United States and Iran failed to make a breakthrough,…
Business
PM Shehbaz cuts petrol price by Rs12, diesel by Rs135 per litre
Prime Minister Shehbaz Sharif on Friday announced a cut of Rs12 in petrol price and Rs135 in diesel rate, citing reduction in global oil prices….
Iran war doubles Russia’s main oil revenue to $9bn in April, show calculations
Russia will see revenue from its biggest single oil tax double to $9 billion in April due to the oil and gas crisis triggered by…
Oil prices rise, stocks fall on worries over nascent Iran ceasefire
Oil prices climbed and stocks fell Thursday on fears over the nascent US-Iran ceasefire after Tehran threatened to resume hostilities after Israel launched a major…
LESCO struggles with shortage of smart meters for consumers
The Lahore Electric Supply Company (LESCO) is once again facing a shortage of LT smart meters for its domestic and commercial consumers. According to details,…
Shareholders greenlights 75% sale of PIA to Arif Habib consortium
The shareholders of PIA Holding Company Limited (PIAHCL) have approved the divestment of a 75% stake in Pakistan International Airlines Corporation Limited (PIACL). The divestment…
PSX soars over 12,000 points as Pakistan efforts ease Middle East tensions
The Pakistan Stock Exchange (PSX) surged by more than 12,000 points on Wednesday after Pakistan’s diplomatic efforts paused the ongoing US-Israel war on Iran. The…
UAE loan recall strains Pakistan’s fragile external position: report
Pakistan’s external financing outlook has come under renewed pressure after it failed to reach an agreement with the United Arab Emirates to roll over $3…
Oil prices surge, stocks mixed after Trump’s latest Iran threat
Oil prices rose Tuesday while equities were mixed as investors assessed Donald Trump’s latest deadline for Iran to reopen the strategic Strait of Hormuz or…
Gold price rises up Rs1,100 per tola in Pakistan
The prices of gold increased in the local market on Monday, with 24-karat gold per tola rising by Rs1,100 to settle at Rs491,462 compared to…