Oil prices extended gains on Wednesday after the US shot down an Iranian drone and armed Iranian boats approached a US-flagged vessel in the Strait of Hormuz, rekindling fears of an escalation in tensions between Washington and Tehran. Brent crude futures were up 56 cents, or 0.8%, at $67.89 per barrel at 0400 GMT. US West Texas Intermediate crude was up 63 cents, or 1.0%, at $63.84 per barr
Buying momentum continued at the Pakistan Stock Exchange (PSX) on Tuesday, with the benchmark KSE-100 Index climbing more than 1,750 points in early trading. Buying was seen in automobile, cement, chemical, banking, fertiliser, pharma, tech, and OMC sectors. At 10:15am, the KSE-100 Index was hovering at 186,813.16, up by 1755.33 points or 0.95%. On Monday, the PSX witnessed volatile trading,
Gold and Asian stocks were on the rebound on Tuesday as trade took a calmer tone after wild swings in metals markets, with the mood helped overnight by a sharp jump in US factory activity. Japan’s Nikkei jumped 2.5% to recoup Monday losses and South Korea’s KOSPI rose 4%. Futures pointed to a recovery in Hong Kong while S&P 500 futures were up 0.3% with traders eyeing a busy few sessions of ear
Consumer Price Index-based inflation stood at 5.6 per cent on a year-on-year (YoY) basis in December 2025, compared to 6.1 per cent in the previous month and 4.1 per cent in December 2024, according to the Pakistan Bureau of Statistics (PBS). Data released by the PBS on Monday further showed that on a month-on-month (MoM) basis, CPI declined by 0.4 per cent in December 2025, compared to an incr
All Pakistan Textile Mills Association (APTMA) has urged the FBR to adjust the Super Tax liability following the recent decision of the Federal Constitutional Court against outstanding Sales Tax, Income Tax and other refunds pending for payment by the government to manufacturers and exporters for years. APTMA Chairman Kamran Arshad said that the industry, especially the export-oriented textile