Selling continued at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index shedding over 800 points during the opening minutes of trading on Friday. At 10am, the benchmark index was hovering at 165,641.89, down by 856.94 points or 0.51%. Selling was observed in key sectors, including automobile assemblers, cement, commercial banks, oil and gas exploration companies and power ge
Federal Minister for Information Technology and Telecommunication Shaza Fatima Khawaja said Pakistan’s IT exports are expected to surpass USD 4.5 billion during the current fiscal year, adding that the government aims at increasing them to USD 25 billion over the next five years. During the question hour session of the National Assembly on Thursday, the Minister said that Pakistan’s IT sector i
Oil prices gained more than 1% after President Donald Trump said he would not be much more patient with Iran and as concerns persisted over ship attacks and seizures despite Tehran saying about 30 vessels had passed through the Strait of Hormuz. Brent crude oil futures rose $1.32, or 1.25%, to $107.04 a barrel by 0425 GMT, while U.S. West Texas Intermediate futures were up $1.33, or 1.31%, to $
The International Monetary Fund warned on Thursday that continuing disruptions due to the Iran war meant its global economic outlook was moving towards an “adverse” scenario, with growth pared down and greater risks to inflation. Last month, the multilateral lender’s World Economic Outlook predicted global growth would drop to 3.1 percent in 2026 in its “reference” scenario, but warned of a ble
Federal Minister for Petroleum Ali Pervaiz Malik on Thursday held a meeting with the Ambassador of the State of Qatar to Pakistan, Ali bin Mubarak Al-Khater, at the Petroleum Division. The primary purpose of the meeting was to express Pakistan’s gratitude to the State of Qatar for its timely facilitation in ensuring LNG supplies and to further strengthen coordination for future energy cooperati