Oil surges past 4% as Iran keeps Hormuz locked
Oil prices jumped 4% Thursday after Iran vowed not to reopen the Strait of Hormuz so long as a US naval blockade remained in place…
Business
Don’t miscalculate Iran’s combat readiness, commander warns enemies
The commander of the Ground Force of the Iranian Army has warned enemies against miscalculating the morale and combat capabilities of Iranian armed forces. Brigadier…
Market sees sharp increased in ghee and cooking oil prices
Prices of ghee and cooking oil have climbed to their highest levels in the open market, placing additional financial strain on consumers, even as flour…
IMF sets 11 new conditions for Pakistan before approving $1.2bn tranche
The International Monetary Fund (IMF) has set 11 fresh conditions for Pakistan to secure the next $1.2 billion tranche, including reforms to procurement rules to…
SBP receives final $1bn from Saudi Arabia, bringing total deposit reaches $3bn
The State Bank of Pakistan (SBP) has received $1 billion from the Ministry of Finance of the Kingdom of Saudi Arabia, marking the second tranche…
Services agreement linked between power division and IFC
The Ministry of Energy (Power Division) has signed a Transaction Advisory Services Agreement (TASA) with the International Finance Corporation (IFC), a member of the World…
Oil surges over 7% as Iran-US naval flare-up unsettles markets
Oil prices jumped, the US dollar rose, and stock futures fell on Monday as investors dealt with conflicting messages about the Iran war and news…
Crude oil fall after reopening of Hormuz drains geopolitical risk from markets
Oil prices tumbled on Friday after Iranian officials said they would allow commercial traffic to resume in the Strait of Hormuz. This lifted equity markets…
Govt cuts diesel price by Rs32 per litre following drop in int’l oil rates
Prime Minister Shehbaz Sharif on Friday announced a reduction of Rs32.12 per litre in the price of high-speed diesel (HSD). According to a statement issued…
World Bank chief economist warns of hunger risk from Iran war
The conflict in the Middle East could push millions more towards hunger as its economic fallout reverberates further around the globe, the World Bank’s chief…