Oil prices rose slightly on Friday before a long holiday weekend in the US as wary optimism held over efforts to make peace in the Middle East between the United States and Iran. Brent futures were up 17 cents, or 0.24%, to $72.10 a barrel as of 0155 GMT. West Texas Intermediate was up 14 cents, or 0.20%, to $68.83 a barrel. US markets will close on Friday ahead of the US Independence
There was no stopping the bulls at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index gaining over 1,600 points during the opening hours of trading on Thursday. At 11:35am, the benchmark index was hovering at 185,707.10, up by 1,657.00 points or 0.90%. Buying interest was observed in key sectors, including commercial banks, fertiliser, oil and gas exploration companies and p
Pakistan's benchmark KSE-100 Index has posted the strongest three-year and five-year US dollar returns among 14 major regional and emerging-market indices, according to the Pakistan Stock Exchange (PSX). This indicates the depth of the rally that has powered the local equities since 2023. Data compiled as of June 30, 2026, show that the KSE-100 delivered a compound annual growth rate (CAGR)
The Pakistan Stock Exchange's primary market delivered its most active year in recent memory in FY2026, with 11 companies raising a combined Rs18.39 billion (PKR 18,391-18,392 million) through main board initial public offerings, according to PSX data as of June 30, 2026. Service Long March Tyres Limited (SLM), a tyre manufacturer, was the year's largest issuer, raising Rs7.78 billion, 42.28% o
Pakistan needs to overhaul its fiscal federalism framework by improving coordination between the federal, provincial and local governments to safeguard macroeconomic stability, strengthen public service delivery and meet the needs of its expanding population, according to the World Bank's latest report, Strengthening Fiscal Federalism in Pakistan. The report noted that the 18th Constitutional A