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…
Brent August crude futures, which expire on Tuesday, are down 0.9%, or 64 cents, at $72.51 a barrel Oil prices dipped on Tuesday and were poised for a monthly decline, with investors eyeing potential US-Iran talks in Doha amid a strained interim ceasefire in the four-month-old war. Brent August crude futures, which expire on Tuesday,…
. ISLAMABAD: Oil and Gas Development Company Limited (OGDC) has commenced oil production from its Bobi Deep-1 well in Sanghar district, producing 2,000 barrels of oil per day from the Massive Sand of the Lower Goru Formation. The company had announced the discovery on June 3, 2026. OGDC completed the laying of a 1.5-kilometre flowline…
Project aims to strengthen Pakistan’s TVET system, with focus on agriculture by enhancing professional skills Pakistan and Italy on Monday signed a concessional loan agreement worth approximately Rs6.3 billion to support a project aimed at strengthening agricultural skills development and vocational education in the country. The agreement was signed by Economic Affairs Secretary Muhammad Humair Karim and Ambassador…
State-owned Pakistan LNG opens tender for spot LNG cargo for delivery between June 30 and July 4 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….
KARACHI: The global recognition of Pakistan’s recent geopolitical goodwill has undoubtedly elevated the country’s international standing under the current civil-military partnership. However, policymakers must now urgently accelerate efforts to convert these diplomatic triumphs into sustainable economic growth. While analysts are already crunching the numbers on the immediate advantages – such as increased trade with Iran,…
KARACHI: The Pakistan Stock Exchange (PSX) traded in a volatile range on Monday, with the benchmark KSE-100 Index surrendering early gains as investor sentiment remained cautious amid uncertainty surrounding the fragile United States-Iran ceasefire and rising global oil prices. As of midday, the index stood at 179,257.01, down 314.25 points or 0.19%. The market opened…
KARACHI: For the past few years, we have been celebrating this so-called period of “stabilisation”, characterised by the temporary compression of current account deficits, primary fiscal surpluses and corrections of inflationary pressures under multilateral adjustment programmes. This stabilisation, which remains highly vulnerable to geopolitical shocks, global commodity spikes and climate catastrophes, has been achieved after…
KARACHI: Pakistan’s economic debate is often dominated by familiar indicators: inflation, foreign exchange reserves, fiscal deficits and IMF programmes. While these metrics are important, they reveal little about the country’s long-term development trajectory. A more fundamental question is whether Pakistan is unconsciously transitioning towards a remittance-dependent economic model. The evidence increasingly suggests that it is….
ISLAMABAD: The passage of the 2026-27 annual budget last week heralds two significant tax reforms that could reshape the fiscal landscape. The first is the continuation of the ambitious tariff reforms initiated last year, with a focus on reducing import duties as scheduled in the second year of the National Tariff Policy 2025-30. The second…