Oil prices rose on Wednesday on concerns that breakdowns in discussions between Iran and the US for a final agreement to end their war may extend supply disruptions in the key Middle East producing region. Brent futures rose 33 cents, or 0.45%, to $73.28 a barrel at 0339 GMT, while US West Texas Intermediate (WTI) crude climbed…
Index advances 1,887 points over notable buying in key sectors, falling oil prices KARACHI: Pakistan’s stock market on Tuesday closed sharply higher as improving investor interest and broad-based buying across key sectors propelled the benchmark KSE-100 index above the 180,000-point mark. The index rose 1,886.91 points, or 1.06%, to settle at 180,301.70. During the session,…
During production test, Chak 63-05 produced 600 barrels of bpd, 10.5m standard cubic feet of gas per day (mmscfd) ISLAMABAD: Oil and Gas Development Company (OGDC) has successfully completed Chak 63-05, a new development well in the Chak 63 Development & Production Lease located in Sanghar district of Sindh, marking another milestone in the company’s…
Stablecoins are digital tokens pegged to currencies like the US dollar or euro to maintain a stable value Visa and Mastercard cards are placed on a keyboard in this illustration taken September 24, 2025. REUTERS A consortium including Visa, Mastercard and Coinbase on Tuesday launched a new joint stablecoin in a bid to broaden the…
RLNG diversion to the domestic sector and demand destruction in the captive power sector have put financial constraints on SNGPL, making it difficult for the company to pay off liabilities. photo: file ISLAMABAD: The freezing of gas prices and diversion of liquefied natural gas (LNG) by different governments have put a financial burden of Rs819…
Meeting underlines need for facilitative measures, improving ease of doing business ISLAMABAD: Minister of State for Finance and Revenue Bilal Azhar Kayani chaired a consultative meeting at the Ministry of Finance with representatives of the business and export sectors to discuss measures aimed at further improving the tax regime, enhancing export facilitation, and promoting a…
Strait of Hormuz tensions force spot market purchase; delivery scheduled between Tuesday-Saturday ISTANBUL/ KARACHI: Pakistan has launched an urgent tender to buy a liquefied natural gas (LNG) cargo for delivery this week, as renewed tensions in the Strait of Hormuz disrupt energy flows through one of the world’s most important shipping routes. The state-owned Pakistan…
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has approved ten Initial Public Offerings (IPOs) for listing on the Pakistan Stock Exchange (PSX) during the first half of 2026, according to a statement issued on Monday. Nine companies have already completed their IPOs, raising more than Rs20 billion through public offerings. Book building for…
Heavyweight stocks advance across banking, cement, automobiles and energy sectors, pushing the KSE-100 index higher Pakistan equities traded firmly higher on Tuesday, with broad-based buying across heavyweight sectors pushing the benchmark KSE-100 index up by more than 1,200 points in intraday trade, extending the market’s positive momentum. At 1:24pm, the benchmark index stood at 179,488.55,…
KARACHI: Trading remained subdued at the Pakistan Stock Exchange (PSX) on Monday as investors were wary of building fresh positions amid persistent geopolitical uncertainty and mixed global market cues. By the close of trading, the KSE-100 index lost more than 1,150 points. Keeping in view the choppy Asian markets, where optimism over artificial intelligence-driven growth…