Oil prices fell more than 2% on Friday, extending losses from the previous session after US President Donald Trump cancelled plans to strike Iran, reducing fears of an escalation of hostilities following tit-for-tat attacks earlier in the week. Brent futures were down $2.11 or 2.3% at $88.27 a barrel, while US West Texas Intermediate (WTI) crude dropped $1.90, or 2.2%,…
KSE-100 surges 18.2% but only Rs16b raised via IPOs; analysts warn of limited fresh funds KARACHI: Pakistan’s capital markets posted strong gains during the first nine months of FY2026, with the benchmark KSE-100 index surging 18.2% to 148,743 points by the end of March, according to the Pakistan Economic Survey 2025-26 unveiled by Finance Minister…
IT and services exports – already crossing the multibillion-dollar mark – are growing at a faster clip than goods and carry immense significance. Photo: file KARACHI: Pakistan’s Information and Communication Technology (ICT) and telecommunications sectors recorded notable growth during FY2026, according to the Pakistan Economic Survey unveiled on Thursday. ICT exports reached $3.388 billion, while…
Crop sector recovers from 1.01% contraction to 1.44% growth; livestock now 14.6% of GDP A farmer ploughs his field with bulls in Perowal as rising fuel prices and increasing agricultural costs force small growers to return to traditional farming methods. Photo: Express LAHORE: Pakistan’s agriculture sector has demonstrated notable resilience in 2025-26, recording growth of…
Solar panel. Photo: ANADOLU AGENCY ISLAMABAD: The installed capacity of electricity jumped to 49,651 MW, reflecting an 8.5% increase mainly due to the addition of power through solar net metering, according to data from the Economic Survey 2025-26 released on Thursday by the Economic Adviser’s Wing of the Finance Division and unveiled by Finance Minister…
ISLAMABAD: Federal Minister for Commerce Jam Kamal Khan held a meeting with a delegation of SPEC Refinery (Pvt) Ltd, led by its Chairman Zafar Sheikh, to discuss the development of Pakistan’s first Deep Conversion Greenfield Refinery Project planned in Hub, Balochistan. The delegation briefed the minister on the project’s progress and highlighted its strategic importance…
Minister warns of rising unilateralism as Spain envoy discusses climate, energy cooperation ISLAMABAD: Federal Minister for Climate Change and Environmental Coordination Dr Musadik Malik has warned that the international system is moving from multilateralism towards increasing unilateralism, citing the suspension of the Indus Waters Treaty as a troubling precedent for rules-based cooperation. He made the…
KARACHI: Trading at the Pakistan Stock Exchange (PSX) remained highly volatile on Wednesday as investors reacted cautiously to the escalating geopolitical tensions, triggering sharp intra-day fluctuations in the benchmark KSE-100 index. The market opened on a positive note, with the index gaining 25.95 points (+0.02%) to reach 170,356.51 at 9:44 am. However, investor sentiment stayed…
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) displayed renewed bullish sentiment on Thursday with the benchmark KSE-100 Index trading firmly in positive territory during midday hours. As…
ISLAMABAD: Stakeholders have raised questions over the bidding process initiated by a petroleum company for the sale of 35% gas from the Spinwam Gas Field, citing concerns about compliance with the Council of Common Interests (CCI) decision and the Petroleum Division’s SRO 11(I)/2025. The petroleum ministry has been approached regarding compliance with rules on third-party…