International Monetary Fund chief Kristalina Georgieva on Thursday urged member countries to keep trade as an engine of growth for the world economy despite President Donald Trump’s steep new tariffs, warning that a larger-scale trade war could have negative consequences. Georgieva, speaking to reporters at the annual meetings of the IMF and World Bank, mapped out a sober view of a global econo
Finance Minister Muhammad Aurangzeb has met with his Saudi counterpart Mohammed Al-Jadaan in Washington DC and briefed him on the privatization of the state-owned Pakistan International Airlines (PIA) and airports as Islamabad seeks “strategic investments,” the finance ministry said on Thursday. The meeting between Aurangzeb and the Saudi finance minister took place on the sidelines of the Worl
Oil prices edged lower in early trade on Friday, heading for a weekly loss, with uncertainty over global energy supplies after U.S. President Donald Trump and Russian President Vladimir Putin agreed to meet in Hungary to discuss ending the war in Ukraine. Brent crude futures fell 8 cents, or 0.13%, lower at $60.98 a barrel at 0030 GMT, while U.S. West Texas Intermediate futures were down 9 cent
Strengthening economic ties with major economic partners, Pakistan secured a significant boost in investor confidence after the Japan Bank for International Cooperation (JBIC) agreed to join the Reko Diq lender group, during Finance Minister Muhammad Aurangzeb’s series of high-level meetings in Washington DC with officials from the US, China, and Japan. Aurangzeb continued his engagements on th
Mari Energies Limited (MARI) announced on Friday the discovery of oil and gas in Sindh’s Mari Ghazij CF-B1 Well. MARI disclosed the development in a notice to the Pakistan Stock Exchange (PSX) on Friday. “Mari Ghazij CF-B1 well was spud-in on September 12, 2025 and successfully drilled down to the total depth of 1,195 meters into SUL formation,” the company said. Mari Energies announces f