Companies found it harder to do business in 2025 due to a deterioration in global cooperation on issues including trade, climate, technology and security, a survey published by the World Economic Forum showed on Thursday. Released ahead of the WEF’s next annual gathering in Davos later this month, the online poll of 799 executives in 81 economies using a McKinsey global survey panel showed 43 p
Oil prices rose for a second day on Friday, set for their third weekly gain, on uncertainty about the future of supply from Venezuela and as Iranian unrest increases concerns about output there. Brent futures rose 44 cents, or 0.71%, to $62.43 per barrel at 0203 GMT, while U.S. West Texas Intermediate (WTI) crude gained 39 cents, or 0.68%, to $58.15. Both benchmark prices climbed more than 3
The Pakistani rupee strengthened against the US dollar, appreciating 0.07% during the opening minutes of trading in the inter-bank market on Friday. At 10am, the local currency was hovering at 279.85, a gain of Re0.20 against the greenback. On Thursday, the local unit closed at 280.05. Internationally, the US dollar advanced at the start of the Asian session on Friday, as traders awaited the
The Pakistan Stock Exchange (PSX) maintained its bullish streak on Wednesday as the benchmark KSE-100 index touched a new record, supported by continued buying from institutional investors. The market commenced trading with a spike but it soon plunged to the intra-day low of 184,897 in the very first hour. Afterwards, investor sentiment improved and buying interest emerged, taking the market to
Bulls returned to the Pakistan Stock Exchange (PSX) after observing selling in early trade, with the benchmark KSE-100 Index gaining over 850 points during the opening minutes of trading on Thursday. At 11:20am, the benchmark index was hovering at 187,374.83, a gain of 856.12 points or 0.46%. Buying interest was observed in key sectors, including cement, chemical, commercial banks, oil and g