The sun sets behind oil pumps outside Vaudoy-en-Brie, near Paris, France, March 18, 2026—REUTERS Oil prices fell on Tuesday, with markets weighing reports of mediation efforts between the US and Iran against an exchange of fresh attacks between the two and threats of a naval blockade of Saudi Arabia by Yemen’s Houthis. Brent crude futures fell…
Local rate rises Rs300/tola as international prices stay stable; rupee up at 277.95/$ KARACHI: Gold prices in Pakistan edged higher on Monday, largely in line with a stable trend in international markets, as investors weighed the implications of the escalating US-Iran tensions that lifted energy prices and caused uncertainty about the outlook for US rates….
LAHORE: The Pakistan Association of Automotive Parts and Accessories Manufacturers (PAAPAM) has reaffirmed its commitment to strengthening the country’s auto parts industry, describing it as a key contributor to industrial development, employment generation and import substitution, according to a statement on Monday. PAAPAM Chairman Usman Malik said the local auto parts industry has invested billions…
Index recovers from steep early losses caused by regional conflict, ends up by 125 points KARACHI: Pakistan Stock Exchange (PSX) endured another volatile session on Monday as escalating tensions in the Middle East kept investors on edge, although late-session buying helped the benchmark index erase steep early losses and end trading marginally higher. The KSE-100…
Under revised rates, the price of petrol is fixed at Rs 315.80 per litre, while HSD will cost Rs 360.06 per litre A petrol pump in the federal capital seen in this undated image. —FILEPHOTO The federal government on Monday increased the price of high-speed diesel (HSD) by Rs 5.71 per litre while reducing the price…
KARACHI: The Pakistan Stock Exchange (PSX) endured another volatile session on Monday as escalating tensions in the Middle East kept investors on edge, although late-session buying helped the benchmark index erase early losses and finish marginally higher. The benchmark KSE-100 Index settled at 175,927.74, gaining 124.95 points, or 0.07%, after witnessing sharp intraday fluctuations driven by…
With political pressure likely to increase ahead of future elections, there is a risk that higher fiscal spending, easier monetary conditions, and stronger import demand could widen the deficit, complicating long-term investment planning. PHOTO:FILE KARACHI: If there is one economic data point that has consistently worried Pakistani analysts, investors, policymakers, bankers, and even the common…
KARACHI: Recent tensions and disruptions in the Strait of Hormuz have triggered a fresh energy crisis, turning the global shift to electric vehicles from a gradual climate response into an urgent economic imperative. For energy import-dependent nations like Pakistan, the stakes are particularly high. Decades of reliance on imported fuel have left the economy vulnerable,…
Owner decision-making, flawed EPC terms and weak evaluation criteria are to blame ISLAMABAD: Pakistan has recently made a number of hydrocarbon discoveries, which need rapid and economical development. This led me to study some associated project execution practices currently in vogue and share suggestions which may help. Although a project always has two major parties…
Financial breathing space is valuable, but is no substitute for institutional reform ISLAMABAD: Saudi Arabia’s decision to increase its financial support to Pakistan by replacing the deposits withdrawn by the United Arab Emirates (UAE) under the ongoing International Monetary Fund (IMF) programme deserves sincere appreciation. At a time when geopolitical uncertainty has intensified across the…