Oil prices extended gains on Monday as efforts to end the US-Israeli war on Iran appeared to have stalled, after a nuclear power plant in the United Arab Emirates came under attack and as US President Donald Trump is expected to discuss military options on Iran. Brent crude futures climbed $1.44, or 1.32%, to $110.70 a barrel by 2337 GMT after touching the highest since May 5 earlier in the
The US-Israeli war with Iran has already cost companies around the world at least $25 billion - and the bill is climbing, according to a Reuters analysis. A review of corporate statements since the start of the conflict by companies listed in the United States, Europe and Asia offers a sobering look at the fallout. Businesses are grappling with soaring energy prices, fractured supply chains an
Selling continued at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index shedding over 800 points during the opening minutes of trading on Friday. At 10am, the benchmark index was hovering at 165,641.89, down by 856.94 points or 0.51%. Selling was observed in key sectors, including automobile assemblers, cement, commercial banks, oil and gas exploration companies and power ge
Federal Minister for Information Technology and Telecommunication Shaza Fatima Khawaja said Pakistan’s IT exports are expected to surpass USD 4.5 billion during the current fiscal year, adding that the government aims at increasing them to USD 25 billion over the next five years. During the question hour session of the National Assembly on Thursday, the Minister said that Pakistan’s IT sector i
Oil prices gained more than 1% after President Donald Trump said he would not be much more patient with Iran and as concerns persisted over ship attacks and seizures despite Tehran saying about 30 vessels had passed through the Strait of Hormuz. Brent crude oil futures rose $1.32, or 1.25%, to $107.04 a barrel by 0425 GMT, while U.S. West Texas Intermediate futures were up $1.33, or 1.31%, to $