Oil prices rebounded on Friday after US President Donald Trump renewed threats against major Middle Eastern producer Iran, raising concerns of military action that could disrupt supplies. Brent crude futures for March rose 35 cents, or 0.55%, to $64.41 a barrel. US West Texas Intermediate crude rose 33 cents, or 0.56%, to $59.69 a barrel as of 0243 GMT. Both contracts slumped about 2% on Thu
Pakistan has reached out to the Philippines for increased rice procurement, backed by surplus stocks and stable quality output. The development came during a meeting between Federal Minister for Commerce Jam Kamal Khan and Dr Emmanuel R. Fernandez, Ambassador of the Philippines to Pakistan, according to a statement issued on Friday. During the meeting, held on the directions of Prime Minister S
After a day of selling, buying interest returned to the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index gaining over 500 points during the opening minutes of Thursday. At 10:10am, the benchmark index was hovering at 187,571.71, an increase of 538.45 points or 0.29%. Buying was observed in key sectors, including automobile assemblers, cement, fertiliser, oil and gas exploratio
Goldman Sachs has raised its end-2026 gold price forecast to $5,400 per ounce from $4,900/oz earlier, noting private-sector and emerging market central banks’ diversification into gold. Spot gold climbed to a peak of $4,887.82 per ounce on Wednesday. The safe-haven metal has climbed more than 11% so far in 2026, extending a blistering rally that saw it jump 64% last year. “We assume priva
Gold and other precious metals fell on Thursday as geopolitical tensions and safe-haven demand eased after US President Donald Trump backed down from new tariff threats and proposals to annex Greenland by force, while a firmer dollar also pressured prices. Spot gold was down nearly 1% to $4,793.63 per ounce, as of 0332 GMT, after scaling a record peak of $4,887.82 in the previous session. US