Oil rose above $80 on Monday on Middle East tensions while equities slid in New York as political and interest rate concerns dented the recent rally. Brent North Sea crude, the international benchmark oil contract, went above $80 per barrel for the first time since late August. Oil futures have experienced recent volatility, with Brent slumping under $70 last month on concerns about weak dem
With an operational generation capacity of 3,262 megawatts, Pakistan has increased the share of electricity from nuclear power plants to a record 17.4 per cent in 2023 from 16.2pc in 2022, according to the World Nuclear Industry Status Report (WNISR) 2024. The report financed by German Federal Office for the Safety of Nuclear Waste Management, Friedrich Ebert Foundation, Heinrich Böll Foundatio
Banks have been unable to utilise surplus liquidity as the federal government seems to have discontinued borrowing for now while the private sector is still reluctant to enter the money market, banking experts said on Monday. Even though the federal government has been the biggest borrower of banking money, it has refrained from doing so after an injection of Rs2.7 trillion liquidity by the Sta
Pakistan has emerged as the lowest-risk country concerning food safety standards for the fiscal year 2023-24, with rice exports making up 25 per cent of the European rice export market, significantly outpacing India’s 16pc. This information was revealed during a meeting between the newly elected Chairman of the Rice Exporters Association of Pakistan (REAP) Malik Faisal Jahangir and Commerce Min
Amid escalating regional tensions following an Iranian missile attack on Israel and mounting political tensions due to ongoing protest by the opposition party in the capital, the Pakistan Stock Exchange (PSX) closed the tumultuous week at a record high of above 83,500. The bullish spell was driven by surging exports, foreign exchange reserves and growing expectations of another 200 basis points