Oil prices inched down on Tuesday, extending losses from the previous session, as investors looked for clearer signs of progress in restoring crude flows through the Strait of Hormuz following US-Iran peace talks. Brent crude futures fell 20 cents, or 0.3%, to $77.70 a barrel and US West Texas Intermediate declined to $73.74 a barrel, down 12 cents, or 0.2%, as of 0323 GMT. Prices fell more
Boosting energy ties took centre stage as both Pakistan and Türkiye pledged to strengthen bilateral cooperation in the sector and explore new avenues for joint investment. The development came during a high-level meeting between Adviser to the Prime Minister on Privatisation, Muhammad Ali, with the Minister for Energy and Natural Resources of the Republic of Türkiye during Ali’s visit to the Mi
Oil & Gas Development Company Limited (OGDCL) announced on Tuesday that the Sahito-1 gas discovery in the Lower Goru Formation (Massive Sand) within the Khewari Exploration License was successfully put into production. In a statement, OGDCL said that Sahito-1 was currently producing 6.0 MMSCFD of gas and production was expected to be progressively ramped up following the planned expansion of su
Buying momentum continued at the Pakistan Stock Exchange (PSX) as Iranian negotiators said progress had been made in peace talks with the United States, with the benchmark KSE-100 Index gaining over 800 points during the opening minutes of trading on Monday. At 9:45am, the benchmark index was hovering at 179,765.33, up by 842.58 points or 0.47%. Buying was observed in key sectors, including
Tech experts have called for stronger promotion of the IT sector, urging a focus on a five-layer artificial intelligence (IT) stack spanning energy, chips, infrastructure, models and applications. Speaking to Business Recorder, Liaquat Ali, Founder of LA Consulting Corporation, said promoting the IT industry required moving up the five-layer AI stack. “Pakistan competes only at the applicati