Oil rises $4 after Trump rejects Iran’s response to US peace proposal – Business
Oil prices rallied on Monday, after US President Donald Trump said Iran’s response to a US proposal was “unacceptable,” raising supply fears as the Strait of Hormuz stayed largely closed, which kept the global market tight. Brent crude futures climbed $4.16 or 4.11 per cent to $105.45 a barrel at 0340 GMT. US West Texas […]
Selling pressure grips PSX as stocks swing amid regional uncertainty
KSE-100 index plunges over 1,400 points at open before trimming losses amid volatile trading KARACHI: Selling pressure gripped the Pakistan Stock Exchange (PSX) on Monday, with the benchmark KSE-100 Index trading at 171,051.86, down 63.96 points, or 0.04%, at 1:54pm, indicating continued volatility in market sentiment. The index plunged 1,433.57 points, or 0.84%, to 169,682.25 at 9:34am, […]
Petroleum dealers, lawyers slam fuel hike – Business
ISLAMABAD: The Pakistan Petroleum Dealers Association (PPDA) and the Supreme Court Bar Association (SCBA) on Saturday criticised the government over rising fuel prices and high petroleum levies, saying the measures had increased hardships for the public and affected fuel retailers. Under an official notification effective from May 9, the government has imposed a petroleum levy […]
Aramco CEO warns 1 billion barrels lost will slow oil market recovery
Saudi energy giant posts 25% jump in quarterly profit even as Hormuz blockade chokes global oil supplies Aramco’s President and CEO Amin Nasser at the 56th annual World Economic Forum (WEF) meeting in Davos, Switzerland, on January 20, 2026. PHOTO: REUTERS The world has lost about 1 billion barrels of oil over the past two […]
IMF’s Executive Board approves $1.3bn financing for Pakistan’s reform programme, flags heightened risks from Middle East war – Business
WASHINGTON: The International Monetary Fund’s (IMF) Executive Board on Friday approved the latest review of Pakistan’s reform programme, paving the way for the release of $1.32 billion in financing under the ongoing arrangements. In Islamabad, Finance Minister Muhammad Aurangzeb also confirmed the approval, saying the decision reflects Pakistan’s continued progress on difficult but necessary economic […]
IMF’s Executive Board approves $1.2 billion financing for Pakistan’s reform programme – Business
WASHINGTON: The International Monetary Fund’s (IMF) Executive Board on Friday approved the latest review of Pakistan’s reform programme, paving the way for the release of $1.2 billion in financing under the ongoing arrangements. In Islamabad, Finance Minister Muhammad Aurangzeb also confirmed the approval following the Board meeting in Washington, saying the decision reflects Pakistan’s continued […]
Oil prices jump on renewed US-Iran hostilities
An oil tanker anchors near the oil hub of the port of Fos-Lavera at sunset near Marseille, southern France. PHOTO: REUTERS Oil prices rose about 1% on Friday after renewed fighting broke out between the US and Iran, threatening a shaky ceasefire and dashing hopes for progress on a reopening of the Strait of Hormuz, a […]
Finance ministry, SBP show optimism over economic growth amid expected $1.2bn tranche from IMF – Business
ISLAMABAD: The Ministry of Finance and the State Bank of Pakistan (SBP) on Thursday showed unanimous optimism over economic growth and achieving fiscal and current account targets despite the regional crisis. The development comes amid anticipated approval of disbursements worth over $1.2bn by the International Monetary Fund (IMF) on Friday and the scheduled visit of […]
Breathe Pakistan: Business leaders, experts stress need to tackle climate change’s impact on agri-economy – Pakistan
UN official notes execution major challenge to tackling climate challenge; PBC chairperson terms agriculture “most vulnerable” sector of economy. The second Breathe Pakistan International Climate Change Conference kicked off in Islamabad on Wednesday, with business leaders and experts highlighting the impact on the country’s agricultural sector and vulnerable communities, and the need for determined implementation […]
Oil extends slide as Trump indicates possible Iran peace deal
Brent crude futures fell $1.89, or 1.7%, to $107.98 a barrel, after dropping 4% in previous session A drone view shows the Malta-flagged tanker Agios Fanourios I, an oil tanker that sailed through the Strait of Hormuz, arriving in Iraq’s territorial waters off Basra, Iraq, April 17, 2026. PHOTO: REUTERS Oil prices fell for a […]