Oil prices fell more than 1% on Thursday as investors weighed risks to supply from attacks on shipping through the Strait of Hormuz against US efforts to cut petroleum shipping costs by easing sanctions on vessels. Brent crude futures fell $1.64, or 1.6%, to $104.42 a barrel, while US West Texas Intermediate crude futures were down 98 cents, or 1%, to $94.11, reversing gains from the previous
Despite falling global oil prices, the price of petrol has increased by Rs1.20 to reach Rs393.86 per litre, up from Rs392.66. The hike is driven by an increase in the oil premium and freight charges, which climbed from USD 16.12 to USD 17.94 per barrel. Meanwhile, High-Speed Diesel (HSD) saw a slight decrease of 17 paise, bringing its price down to Rs396.65 per litre effective October 15. Durin
Gold rose more than 1% on Thursday, rebounding from a one-week low hit in the previous session as the US dollar eased, while investors assessed the likelihood of a Federal Reserve interest rate increase this month after a hot inflation report. Spot gold was up 1.3% at $4,158.63 per ounce, as of 0257 GMT, after hitting its lowest since October 7 on Wednesday. US gold futures for December del
Oil prices fell more than $1 in early trade on Thursday as investors weighed risks to supply from attacks on shipping through the Strait of Hormuz against US efforts to cut petroleum shipping costs by easing sanctions on vessels. Brent crude futures fell $1.39, or 1.31%, to $104.67 a barrel by 0116 GMT, while US West Texas Intermediate crude futures were down $1.02, or 1.07%, to $94.07, rever
Finance Minister Muhammad Aurangzeb met International Monetary Fund (IMF) Managing Director Kristalina Georgieva and briefed international investors on Pakistan’s economic stabilisation, fiscal consolidation and efforts to diversify external financing on the sidelines of the IMF-World Bank Annual Meetings 2026 in Bangkok. Aurangzeb also participated in the JP Morgan Investment Seminar on “Pakis