Oil continued its rise on Friday amid further concerns around the opening of the Strait of Hormuz as Iran, working with Oman, suggested banning vessels deemed hostile from the strait and heavily fining those who violated the proposed rules. Brent crude futures rose 99 cents, or 1.2%, to $83.48 a barrel by 0010 GMT. US West Texas Intermediate futures rose 85 cents, or 1.1%, to $78.84. Oi
The Pakistan Stock Exchange (PSX) staged a strong rebound on Wednesday, with the benchmark KSE-100 Index gaining nearly 2,932 points as broad-based buying returned across heavyweight sectors, led by commercial banks, fertilizer, cement, investment companies, and oil & gas exploration stocks. Investor sentiment improved as oil prices remained largely stable following sharp declines over the prev
Pakistan Stock Exchange (PSX) posted strong gains on Wednesday, with the benchmark KSE-100 index reclaiming the 180,000 level amid broad-based buying supported by global cues and optimism about Pakistan's external financing outlook. The KSE-100 settled at 180,014.93, higher by 2,931.71 points, or 1.66%, compared to the previous close at 177,083.22. During the day, the index touched the intra-da
The Netherlands has identified the Lahore Chamber of Commerce and Industry (LCCI) as a key partner for expanding bilateral trade and investment, with the current trade volume of $1.9 billion having the potential to reach $5 billion through enhanced cooperation. Chargé d'Affaires of the Dutch Embassy Hajo Provo Kluit, during his visit to LCCI, said the chamber's membership of over 48,000 busines
Pakistan's trade deficit widened by one-fourth to nearly $4 billion in July due to $6.9 billion in imports, highlighting external sector vulnerabilities and the impact of the policy to open the economy without first creating an enabling environment for fair competition. According to the Pakistan Bureau of Statistics (PBS), compared to a $3.2 billion trade deficit in July last year, the gap betw