Oil prices tumbled $4 a barrel on Monday after US President Donald Trump held off on a fresh attack on Iran, seeking to reach a quick deal that would halt Tehran’s nuclear ambitions and reopen the Strait of Hormuz. Brent crude futures slid $4.08, or 4.64%, to $83.85 by 2352 GMT while US West Texas Intermediate crude was at $80.66 a barrel, down $4.01, or 4.74%. Both contracts jumped more
After days of selling pressure, buying returned at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index gaining nearly 1,400 points during the first half of the trading session on Friday. At 12:03pm, the benchmark index was hovering at 176,926.74, up by 1,378.76 points or 0.79%. Buying was observed in key sectors, including automobile assemblers, cement, commercial banks, fert
Bank Alfalah Limited (BAFL) reported a profit after tax (PAT) of Rs21.32 billion during the half-year ended June 30, 2026, representing an increase of 39.6% compared to Rs15.27 billion recorded in the same period last year. According to the latest financial results, the Board of Directors of BAFL also declared a second interim cash dividend of Rs1.5 per share, i.e., 30%, cumulatively bringing t
The government discussed abolishing Right-of-way (ROW) fees, among other measures, for telecom infrastructure as part of a proposed National Connectivity Plan (NCP) aimed at accelerating fibre-optic network deployment and expanding high-speed internet access, read an official statement on Friday. Federal Minister for Economic Affairs Ahad Cheema chaired a meeting on the NCP, joined by the Minis
The market is rife with speculation that after completing the acquisition of Telenor Pakistan last year, Pakistan Telecommunication Company Limited (PTCL) is now setting its sights on acquiring a known digital wallet, potentially bringing the country’s leading digital financial services platform under the PTCL Group. The speculation intensified after PTCL informed the Pakistan Stock Exchange (P