Pakistan’s current account returned to surplus in January 2026, supported by higher inflows of workers’ remittances. According to the State Bank of Pakistan (SBP), the current account posted a surplus of USD 121 million in January 2026, compared with a deficit of USD 265 million in December 2025. On a year-on-year basis, the external balance also improved, as it also posted USD 393 million defi
Gold prices rose on Wednesday, rebounding from a one-week low hit in the previous session as markets await the release of the Federal Reserve’s January meeting minutes for hints about the rate-cut outlook. Spot gold rose 1.1% to $4,929.69 per ounce by 0414 GMT, after declining more than 2% on Tuesday. US gold futures for April delivery gained 0.9% to $4,949.20. “Broadly speaking, $4,700 t
Oil prices steadied in Asian trade on Wednesday after falling about 2% in the previous session as investors assessed progress in US–Iran talks but remained cautious about the prospects of a final deal that could ease supply concerns. Brent futures rose 23 cents or 0.34% to $67.65 a barrel by 0412 GMT, while US West Texas Intermediate (WTI) crude was up 19 cents or 0.3% at $62.52. Both are aroun
Selling pressure returned to the Pakistan Stock Exchange (PSX) on Tuesday following a positive start, with the benchmark KSE-100 Index shedding nearly 2,200 points during the opening hours of trading. At 11:15am, the benchmark index was hovering at 172,278.79, down 2,175.14 points or 1.25%. Selling was observed in key sectors, including automobile assemblers, cement, commercial banks, oil an
Oil & Gas Development Company Limited (OGDC), Pakistan’s largest exploration and production (E&P) company, has enhanced oil production from its Kal-03 well by 1,400%. The well is located in Chakwal district, Punjab. The listed E&P disclosed the development in a notice to the Pakistan Stock Exchange (PSX) on Monday. OGDC said that the enhancement was achieved by successfully carrying out a wo