Port Qasim Authority (PQA) has etched its name in Pakistan’s maritime history by successfully handling the largest liquefied natural gas (LNG) cargo ever discharged in the country, marking a landmark moment for the nation’s energy and trade infrastructure. According to the details, the record-breaking operation was carried out aboard the Q-Flex LNG carrier MV Al Kharaitiyat, which navigated Por
OPEC on Wednesday lowered its forecast for global oil demand growth in 2026, joining other forecasters such as the International Energy Agency in cutting expectations due to the Iran war. The producer group sees a smaller hit to demand than the IEA, which earlier on Wednesday increased its estimate of the decline in oil use this year. OPEC said consumption would rebound later and raised its dem
Buying was observed at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index gaining over 600 points during the opening minutes of trading on Wednesday. At 9:35am, the benchmark index was hovering at 169,561.27, a gain of 645.05 points or 0.38%. Buying was observed in key sectors, including automobile assemblers, cement, commercial banks, oil and gas exploration companies, OMCs
Pakistan’s Ambassador to the People’s Republic of China, Khalil Hashmi on Tuesday emphasised the need for Pakistan to strengthen economic diplomacy, innovation, industrialisation and regional connectivity to fully benefit from growing Pakistan-China cooperation. He was addressing a luncheon hosted for the Karachi business community by the Foreign Affairs Liaison Office, where business leaders,
Despite headwinds from global trade-related uncertainty and domestic floods, Pakistan’s macroeconomic stability strengthened further in H1-FY26, as revealed in the State of Pakistan’s Economy, Half Year Report FY26, released on Tuesday. The central bank report noted that the Middle East War poses significant risks to the macroeconomic outlook amid heightened uncertainty, where supply chain disr