Oil prices softened on Tuesday, with markets weighing reports of mediation efforts between the US and Iran against an exchange of fresh attacks between the two and threats of a naval blockade of Saudi Arabia by Yemen’s Houthis. Brent crude futures eased 35 cents, or 0.4%, to $88.87 per barrel by 0052 GMT, while US West Texas Intermediate crude for September delivery was steady at $82.47 a ba
Gold prices rose on Tuesday as investors weighed diplomatic efforts to ease the US-Iran conflict, which could temper oil-driven inflation risks and influence the US Federal Reserve’s interest rate path. Spot gold rose 0.9% to $4,042.69 per ounce as of 0345 GMT. US gold futures for August delivery were up 0.8% at $4,047.40. “It looks like gold is trying to find a base somewhere around this (
Massive selling pressure was observed at the Pakistan Stock Exchange (PSX), as the United States and Iran expanded attacks in the Middle East, with the benchmark KSE-100 Index shedding nearly 2,000 points during the opening minutes of trading on Monday. At 9:33am, the benchmark index was hovering at 173,812.83, down by 1,989.95 points or 1.13%. Selling was witnessed in key sectors, includin
Twelve prominent Pakistani companies from various sectors have signed Memorandums of Understanding (MoUs) with Al Raee Group to launch operations and execute large-scale investments in Saudi Arabia. The agreements were signed at the "Saudi Company Formation and Business Expansion Summit 2026," organized by Al Raee Group in Islamabad, marking what organizers described as a significant milestone
Pakistan secured $4.04bn in external financing in June 2026, closing out FY26 (July 2025–June 2026) with a cumulative total of $16.16bn, the latest report by the Economic Affairs Division (EAD) showed. Disbursements from bilateral and multilateral development partners totalled $1.96bn in June, taking the full-year total to $6.39bn, while a $1.7bn commercial loan from China Development Bank was