The United Insurance Company of Pakistan Limited (the Company) has reaffirmed its Insurer Financial Strength (IFS) rating of AA+ by the Pakistan Credit Rating Agency (PACRA). This rating reflects the Company’s well-established presence within Pakistan’s non-life insurance sector, underpinned by resilient business fundamentals and a consistent operating track record. United Insurance, a flags
The Pakistan Telecommunication Company Limited (PTCL) Group has achieved a net profit of Rs3.1 billion during January-March 2026, and the company announced to formally launch the 5G services from next month. CEO, PTCL and Ufone, Hatem Bamatraf, while announcing the Q1 2026 financial results, said that the revenues of the PTCL group increased by 58 percent during Jan-March 2026 compared to the s
Shipping traffic through the Strait of Hormuz remained broadly halted on Tuesday with only three ships passing the waterway in the past 24 hours, shipping data showed. A US blockade of Iranian ports has infuriated Tehran, prompting it to maintain its own restrictions on the strait, which had been typically handling roughly one-fifth of the world’s oil and liquefied natural gas supply. The Ean S
The dollar steadied in early Asian trade on Wednesday, as skepticism over US President Donald Trump’s announcement of an indefinite extension of a ceasefire with Iran lifted demand for the safe-haven currency, pushing it to a one-week high. On the policy front, Federal Reserve nominee Kevin Warsh’s comments at a Senate confirmation hearing were interpreted as slightly hawkish, while strong re
Oil prices turned lower on Wednesday after rising about $1 at the start of trade in Asia, with investors assessing the outlook for US-Iran peace talks following the U.S. extension of a ceasefire. Brent crude futures were down 21 cents, or 0.2%, at $98.27 a barrel at 0039 GMT, after touching $99.38 earlier in the session. West Texas Intermediate futures fell 28 cents, or 0.3%, to $89.39, after