Deputy Prime Minister and Foreign Minister (DPM/FM) Senator Mohammad Ishaq Dar on Tuesday expressed satisfaction that sugar production this season has been encouraging, noting that this would ensure adequate supply in the market to meet domestic demand while helping maintain price stability. The DPM/FM chaired a high-level meeting to review sugar production at the conclusion of the current crus
Financial system’s performance and resilience remained steady and grew by 15.1 percent during last calendar year (CY25), the State Bank of Pakistan reported on Tuesday. The SBP on Tuesday issued its annual flagship publication Financial Stability Review (FSR) for CY25. The FSR presents the performance and risk assessment of various segments of the financial sector. The review highlighted tha
Oil prices fell about 4 percent in volatile trade on Tuesday, as two vessels passed through the Strait of Hormuz and the United States said the ceasefire with Iran remained in place despite exchanges of fire. After jumping about 6 percent in the prior session, Brent futures fell USD4.57, or 4 percent, to settle at USD109.87 a barrel, while US West Texas Intermediate crude fell USD4.15, or 3.9 p
Pakistan LNG Limited, a government subsidiary that procures LNG from the international market, has issued a tender seeking liquefied natural gas (LNG) cargoes. The company has invited bids from international suppliers for the procurement of two LNG cargoes to be delivered later this month at Port Qasim, Karachi. According to an official tender notice released on Wednesday, the cargoes are to
Stocks in Asia slid on Tuesday while oil prices eased but remained well above $100 a barrel, as the U.S. and Iran continue to work towards a truce while at the same time trading blows over the Strait of Hormuz. Traders also had their eyes on the yen after the Japanese currency briefly jumped in the previous session, stoking speculation of another round of intervention from Tokyo. MSCI’s b