Oil prices gained more than 1% after President Donald Trump said he would not be much more patient with Iran and as concerns persisted over ship attacks and seizures despite Tehran saying about 30 vessels had passed through the Strait of Hormuz. Brent crude oil futures rose $1.32, or 1.25%, to $107.04 a barrel by 0425 GMT, while U.S. West Texas Intermediate futures were up $1.33, or 1.31%, to $
The International Monetary Fund warned on Thursday that continuing disruptions due to the Iran war meant its global economic outlook was moving towards an “adverse” scenario, with growth pared down and greater risks to inflation. Last month, the multilateral lender’s World Economic Outlook predicted global growth would drop to 3.1 percent in 2026 in its “reference” scenario, but warned of a ble
Federal Minister for Petroleum Ali Pervaiz Malik on Thursday held a meeting with the Ambassador of the State of Qatar to Pakistan, Ali bin Mubarak Al-Khater, at the Petroleum Division. The primary purpose of the meeting was to express Pakistan’s gratitude to the State of Qatar for its timely facilitation in ensuring LNG supplies and to further strengthen coordination for future energy cooperati
The Federal Board of Revenue and provincial authorities have intensified nationwide operations against non-duty-paid cigarettes and illegal trade networks, leading to the seizure of illicit cigarettes and raw materials equivalent to nearly 17 billion cigarette sticks during 2025-26, representing nearly 40 percent of the total illicit cigarette market. Following strategic guidance issued by Prim
Pakistan has emerged among the top 10 exporters of Truck and Bus Radial (TBR) tyres to key global markets including the United States and Brazil, marking a significant shift in the country’s industrial and export landscape. Sources in Commerce Ministry revealed that Pakistani tyre exports have gained traction in recent years, with the United States and Brazil now among the largest destinations.