Oil prices climbed in early trade on Tuesday for a second consecutive session as market participants assessed risks stemming from Ukrainian drone strikes on Russian energy sites and mounting U.S.-Venezuela tensions. Brent crude futures rose 14 cents, or 0.2%, to $63.31 a barrel by 0102 GMT. U.S. West Texas Intermediate crude gained 18 cents, or 0.3%, to $59.50 a barrel. Both benchmarks advan
The Pakistani rupee strengthened against the US dollar, appreciating 0.09% during the opening minutes of trading in the inter-bank market on Tuesday. At 10am, the local currency was hovering at 280.25, a gain of Re0.26 against the greenback. On Monday, the local unit closed at 280.51. Internationally, the US dollar remained under pressure on Tuesday as weaker-than-expected manufacturing acti
The Pakistan Stock Exchange (PSX) witnessed a strong momentum on Thursday as the benchmark KSE-100 index surged nearly 2,200 points, powered by robust institutional buying and renewed interest in blue-chip shares. The rally, which pushed the index to the intra-day high of over 2,400 points, marked a sharp shift from the sluggish pace in recent days and reflected improving sentiment despite ling
Pakistan's foreign exchange reserves recorded a marginal increase during the week ended November 21, 2025, with the State Bank of Pakistan (SBP) reporting a $9 million rise in its holdings. According to data released on Thursday, the SBP's reserves reached $14,560.7 million, helping lift the country's total liquid foreign exchange reserves to $19,605 million. Data breakdown showed that commerci
Recent improvements in Pakistan's external finances have prompted a sort of guarded optimism among policymakers, but the business community believes the country still needs deeper structural changes to move towards durable economic growth. Their concerns focus on policy continuity, high borrowing costs, slow investment and an export base that remains too narrow to support long-term stability.