Oil prices are set for a sharp weekly drop on expectations of a de-escalation of the Iran war after US President Donald Trump’s party suffered election losses, but Middle East supply concerns from the conflict continue to provide a floor for the market. Brent crude futures for January rose on Friday by $1.57, or 1.6%, to $99.86 a barrel as of 0222 GMT. US West Texas Intermediate futures clim
Pakistan Stock Exchange (PSX) extended its recovery on Tuesday as the benchmark KSE-100 index gained 1,455 points, fuelled by purchases of heavyweight stocks following recent market weakness. The positive momentum continued despite the Middle East conflict including reports of a US strike on Iran's Qeshm Island and an Iranian official's remarks that Tehran and Washington were far from a deal to
Gold prices remained unchanged in Pakistan on Tuesday as international bullion rates edged lower, under pressure from a strengthening US dollar and rising Treasury yields, while investors awaited the outcome of US midterm elections for clues about the country's fiscal policy and their potential impact on financial markets. In the local market, gold prices held steady at Rs412,136 per tola, whil
Pakistan International Airlines (PIA) has started rebuilding its fleet following privatisation, with two Boeing 787 Dreamliner aircraft being inducted into its fleet, while two additional relatively newer aircraft are expected to arrive in January 2027. A General Manager of PIA informed the National Assembly Standing Committee on Privatisation informally that one Boeing 787 Dreamliner had alrea
The price of petrol has been reduced by Rs 7.06 per litre, bringing the retail price down to Rs 362 per litre. High-Speed Diesel saw a cut of Rs 3.71 per litre, fixing its new rate at Rs 387.81 per litre, down from the previous Rs 391.52 per litre. Consumers across the country will get relief at the fuel pumps on November 5, as the Oil and Gas Regulatory Authority (OGRA) announced a reduction i