NEW YORK: Oil prices rose to a one-month high on Tuesday after the US reimposed a naval blockade on Iran and as renewed attacks between Washington and Tehran heightened concerns over energy flows through the Strait of Hormuz. Before the Iran war, about 20% of global oil supplies flowed through the strait. Keeping price gains…
High-tech and green exports drive growth as imports jump, though global risks loom China is also seeking to expand domestic semiconductor manufacturing capacity and reduce the industry’s reliance on advanced Nvidia chips that are subject to US export controls. PHOTO: REUTERS BEIJING: China’s foreign trade posted strong growth in the first half of 2026, expanding…
Iran renewed attacks on the United Arab Emirates on Tuesday, causing oil loading at the port of Fujairah to be at least partly halted after the third attack in four days. FILE IMAGE: PIXABAY Oil extended gains on Wednesday as President Donald Trump reimposed a naval blockade on all Iranian ports and Tehran launched strikes on US infrastructure…
KARACHI: Gold prices declined in both international and local markets on Tuesday. The price of gold in the international bullion market fell by $56 per ounce to $4,017 per ounce. According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), in the local market, the price of gold per tola declined by Rs5,600 to Rs424,136….
Business leaders call for predetermined share to be allocated to retire foreign debt LAHORE: A record-breaking year for overseas workers’ remittances has revived calls from business circles in Lahore for a structured mechanism to channel a portion of these inflows toward retiring the country’s external debt, rather than leaving the funds to be absorbed entirely…
KARACHI: Gold prices in Pakistan declined on Monday, mirroring sharp losses in the international market, where the yellow metal fell nearly 3%. The drop came after US President Donald Trump announced the reinstatement of a naval blockade on Iran, which boosted oil markets, reignited inflation concerns, and raised expectations of higher-for-longer US rates. In the…
KSE-100 comes under heavy pressure as geopolitical risks dent investor confidence KARACHI: Massive selling pressure enveloped the Pakistan Stock Exchange (PSX) on Tuesday as escalating tensions between the United States and Iran triggered widespread panic selling, dragging the benchmark KSE-100 Index down by more than 4,200 points during intraday trading. The sharp decline mirrored weakness…
KARACHI: Fresh attacks by the US and Iran on each other sparked a wave of selling at the Pakistan Stock Exchange (PSX) on Monday, with investors dumping shares as soaring oil prices and concerns over global energy supplies weighed heavily on market sentiment. Earlier, trading opened on a sharply negative note, when the benchmark KSE-100…
Oil prices rose nearly 3% on Tuesday to their highest in four weeks, as the US reimposed its naval blockade of Iran while the two countries stepped up attacks in the Strait of Hormuz, heightening uncertainty about energy flows. Brent crude futures were last up $1.50, or 1.8%, to $84.80 per barrel, while US West Texas Intermediate crude rose…
Professors get mere 4% raise as assistants receive 55% increase, faculty cries foul ISLAMABAD: After five years, the federal government has increased salaries of foreign-qualified university faculty, but the revision has further complicated the issue, as professors have been given a maximum 4% raise while assistant professors received up to 55%. The notification issued by…