Islamabad administration revises business timings under austerity measures
People commute on a road near Faisal Mosque, as Pakistan prepares to host the US and Iran for peace talks, in Islamabad. PHOTO: REUTERS The capital administration on Tuesday issued a revised notification regarding closing times for markets, businesses, and commercial activities in light of ongoing austerity measures. According to a notification issued by the […]
Asia battles rising, uneven toll of energy crisis caused by Iran war – Business
Governments in Asia, the top oil importing region, are scrambling to find alternatives and insulate their economies from the worst of the energy crisis triggered by the Iran war, but the pain is getting increasingly costly. The disruption spurred the Asian Development Bank to cut its growth forecast for developing Asia and the Pacific to […]
PSX gains over 790 points in late-session recovery
KARACHI: Trading at the Pakistan Stock Exchange (PSX) remained highly volatile on Tuesday, as investors reacted to fresh macroeconomic data and shifting intra-day sentiment. According to the Pakistan Bureau of Statistics (PBS), the country’s trade deficit widened by 3.82% year-on-year (YoY) in April 2026 to over $4.0 billion, which weighed on investor confidence early in […]
Pakistani delegation attends US investment summit to expand global footprint – Business
ISLAMABAD: A delegation of 16 Pakistani entrepreneurs and business leaders is participating in the ‘SelectUSA Investment Summit’ that has opened in National Harbour, Maryland, to establish new connections and opportunities to grow through investing in the United States. The four-day Investment Summit, which opened on Sunday, is the highest-profile event in the United States to […]
Bulls help PSX rebound by 900 points – Business
Bulls took control of the Pakistan Stock Exchange (PSX) on Monday as the benchmark index recovered over 900 points. The KSE-100 index gained 954.77 points (0.59 per cent) to close at 163,948.94 points from the previous close of 162,994.17 points. The index had begun the day on a positive note, reaching an intraday high of […]
Bulls help PSX rebound 900 points – Business
Bulls took control of the Pakistan Stock Exchange (PSX) on Monday as the benchmark index recovered over 900 points. The KSE-100 index gained 954.77 points (0.59 per cent) to close at 163,948.94 points from the previous close of 162,994.17 points. The index had begun the day on a positive note, reaching an intraday high of […]
Bulls in control as PSX gains 4,000 points during intraday trade – Business
The Pakistan Stock Exchange’s benchmark index on Monday rose 4,000 points during intraday trade. The KSE-100 index gained 4,170 points to reach 167,164.26 points from the previous close of 162,994.17 points at 11:29pm. According to Mettis Global, the sharp rally came as investors reacted positively to developments surrounding rising tensions between Iran and the United […]
Still in stabilisation mode – Business
The State Bank of Pakistan’s (SBP) decision to raise the policy rate by 100 basis points to 11.5 per cent is an unmistakable signal: there is a clear preference for stability over economic growth; discipline over expansion. In a climate already weighed down by structural fragilities, monetary tightening has become the chosen instrument of restraint, […]
Oil slips after Trump says US will assist ships stranded in Strait of Hormuz
Brent crude futures fell 6 cents, or 0.1%, to $108.11 a barrel after settling down $2.23 on Friday 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 prices eased […]
Opec+ agrees third oil output quota hike since Hormuz closure – Business
Opec+ agreed on Sunday on a modest oil output hike for June, an increase that will remain largely on paper as long as the US-Israeli war on Iran continues to disrupt Gulf oil supplies through the Strait of Hormuz. Seven Opec+ countries will raise oil output targets by 188,000 barrels per day in June, the […]