ISLAMABAD: Federal Minister for Petroleum Ali Pervaiz Malik held a meeting with British High Commissioner Jane Marriott to discuss the evolving regional situation, its implications for global energy markets, and avenues for strengthening bilateral cooperation in Pakistan’s energy and minerals sectors, according to an official statement issued on Tuesday. During the meeting, both sides exchanged…
Overall market participation was strong, as 1,066 million shares were traded with a total value of Rs. 49 billion. KEL led the volume chart, with 195.8 million shares..Photo: Express KARACHI: The Pakistan Stock Exchange (PSX) closed slightly higher on Tuesday, supported mainly by strength in the banking sector, though the trading session remained highly volatile….
Prime Minister Shehbaz Sharif. Photo: File ISLAMABAD: The Prime Minister’s Office has issued fresh instructions to finalise currency swap agreements with the European Union (EU), Russia and Iran, in a move that can lessen dollar dependency and integrate trade with regional economies. The agenda of currency swap agreements has been made part of the Ministry…
Calls for fiscal discipline, currency stability as devolution of agriculture, industry fails to deliver Within 60 days of the approval of FRDL (Amendment) Act 2021, the federal government will establish an office to be called debt management office. photo: file LAHORE: The Pakistan Business Forum (PBF) has written to leading political figures, including Nawaz Sharif,…
US crude falls 15% to $96.31, Brent down 13% to $94.71 after market reacts to US-Iran ceasefire news Oil prices slid, stocks and bonds surged, while the safe-haven dollar was knocked back on Wednesday, as a two-week Middle East ceasefire brought some relief to markets on hopes for a resumption of oil and gas flows…
Following international market trends, gold prices increase in Pakistan by Rs 15,700 At current prices, the looted gold is worth around $70 million. PHOTO: PIXABAY Gold prices climbed to a nearly three-week high on Wednesday as markets reassessed near-term risks after US President Donald Trump agreed to suspend bombings and attacks on Iran for two…
US officials have indicated they hope the Section 301 investigations will be completed before that deadline. PHOTO: PEXELS ISLAMABAD: A meeting was held between the Member of the Board – Minister in charge of Trade of the Eurasian Economic Commission, Andrey Slepnev, and the Federal Minister for Commerce, Jam Kamal Khan, in a videoconference format….
KARACHI: Gold prices in Pakistan declined on Tuesday, tracking a subdued trend in the international market, as investors remained cautious ahead of a key geopolitical deadline set by Donald Trump regarding Iran and the Strait of Hormuz. In the local market, the price of gold per tola dropped by Rs3,000 to settle at Rs488,462. Similarly,…
Since July 22, numerous unauthorised exchange outlets have been closed after the military intelligence agency summoned currency dealers to address the rising dollar rate in the open market. photo: file ISLAMABAD: Pakistan’s oil marketing companies (OMCs) are facing an acute liquidity crisis as up to Rs107 billion in unpaid price differential claims (PDCs) remains stuck,…
It will allow investors to earn returns while supporting businesses and projects that meet certain standards ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has proposed the launch of environmental, social and governance (ESG) mutual funds to promote sustainable investment and offer new opportunities to investors. The proposed ESG funds will allow investors to…