Oil prices were hovering near seven-month highs on Wednesday as the threat of military conflict between the US and Iran that could disrupt supply continues to worry investors even as talks between the parties are set for Thursday. Brent futures were trading at $71.22 per barrel, up 45 cents, or 0.64%, at 0140 GMT. WTI futures rose 0.64%, or 42 cents, to $66.05. Brent prices reached their hig
Buying returned to the Pakistan Stock Exchange (PSX) with the US and Iran headed for a third round of nuclear talks, easing concerns about a potential conflict. The benchmark KSE-100 Index gained nearly 500 points during the opening minutes of trading on Monday. At 9:30am, the benchmark index was hovering at 173,640.80, an increase of 471.09 points or 0.27%. Buying interest was observed in k
Maple Leaf Cement Factory Limited (MLCF) has acquired control of Pioneer Cement Limited (PIOC) after completing a public offer and additional share purchases, raising its collective shareholding to 88.28%, rendering PIOC its subsidiary. MLCF disclosed the development in a notice to the Pakistan Stock Exchange (PSX) on Monday. “MLCF hereby submit that we have fulfilled all obligations as stip
The Pakistan Telecommunication Authority (PTA) has assured that it will address recent concerns raised on social media regarding mobile tariffs, service quality, and unauthorised deductions, reaffirming its unwavering commitment to consumer protection. To create a structured and fair tariff framework, PTA has notified the Mobile Tariff Regulations, 2025, said a news release. Under these regu
The Businessmen Panel (BMP) of the Federation of Pakistan Chambers of Commerce and Industry has raised serious doubts over the government’s ability to achieve the 3.2 per cent growth target projected under the International Monetary Fund programme, warning that worsening poverty indicators, declining investment, falling exports and record government borrowing present a far grimmer economic picture