Energy costs, currency pressures drive price stickiness as food inflation remains vulnerable KARACHI: Inflation is expected to remain in double digits in April 2026 as underlying cost pressures continue to dominate the economic outlook. Despite some easing in food supply conditions, overall price dynamics remain elevated, driven by persistent energy costs, currency-related pressures and structural…
ISLAMABAD: Oil and Gas Development Company (OGDC) has continued to accelerate efforts to unlock value from its stranded and low British-thermal-unit (BTU) gas resources, with a renewed focus on fast-tracking production from challenging assets such as the Zin Gas Field. As part of this strategy, OGDC is actively engaging with the government of Balochistan to…
Moody’s flags inflation risks, fiscal pressures may strain policy flexibility and investor confidence BENGALURU: A prolonged disruption in energy supply can widen India’s trade deficit and strain the fiscal account of the world’s fastest-growing major economy, according to rating agency Moody’s. Brent Crude prices have shot up 31% since the US-Israeli war on Iran began…
Company says US-Iran delegations’ visit halted oil tanker movement, disrupting crude supply, dispatches and operations Attock Refinery gained the most from its competitors in July. Attock Refinery Limited (ARL) has announced the shutdown of its main crude distillation unit following disruptions in oil supply and product dispatch caused by traffic restrictions in Islamabad ahead of…
Gold and silver prices extended their decline on Wednesday in the local market after the price of gold per ounce fell by $12 to $4,766 in the international market. According to the All Pakistan Gems and Jewellers Sarafa Association (APGJSA), in local markets, the price of gold per tola decreased by Rs1,200 to Rs498,962, while…
Jam Kamal sees grassroots training as external trade engine with digital linkages ISLAMABAD: Federal Minister for Commerce Jam Kamal Khan has said that Pakistan can significantly boost its exports by combining skills development, e-commerce integration and gradual formalisation of the economy, while ensuring a level playing field for compliant businesses, according to a statement issued…
Index still ends in green, supported by hopes for US-Iran talks, $1b Saudi inflow KARACHI: Buyers returned to the Pakistan Stock Exchange (PSX) on Tuesday with notable strength as confidence grew amid optimism about a potential second round of US-Iran talks aimed at resolving the ongoing conflict. Expectations that diplomacy may progress weighed on global…
Maritime minister calls move major administrative breakthrough, ends career stagnation ISLAMABAD: Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry has announced the promotion of 170 Karachi Port Security Force personnel after a 24-year wait, according to an official statement issued on Tuesday. During a high-level meeting chaired by the minister, Karachi Port Trust (KPT)…
KARACHI: Gold prices in Pakistan extended their decline on Tuesday, tracking losses in the international market, as a stronger US dollar and rising Treasury yields weighed on bullion, while investors remained cautious ahead of developments in tentative US-Iran talks and the confirmation hearing of Federal Reserve chair nominee Kevin Warsh. In the local market, the…
Pakistan Finance Minister Muhammad Aurangzeb speaks during an interview at the International Monetary Fund and World Bank Group’s annual spring meetings in Washington DC, US, April 13, 2026, PHOTO: REUTERS ISLAMABAD: Federal Minister for Finance Muhammad Aurangzeb has expressed optimism about Pakistan’s external sector outlook and reiterated the government’s focus on enhancing competitiveness, deepening investment…