TOKYO/BEIJING: Oil prices fell on Monday, erasing last week’s gains, as loadings resumed at the key Russian export hub of Novorossiysk, after a two-day suspension at the Black Sea port that had been hit by a Ukrainian attack. Brent crude futures dropped 44 cents, or 0.68%, to $63.95 a barrel by 0751 GMT. US West Texas Intermediate (WTI) crude futures were trading at $59.61 a barrel, down 48 cen
The Pakistani rupee continued to strengthen against the US dollar, appreciating 0.07% during the opening hours of trading in the inter-bank market on Monday. At 10:20am, the currency was hovering at 280.52, a gain of Re0.2 against the greenback. During the previous week, the Pakistan rupee posted marginal gain for another week as it appreciated by Re0.10 or 0.04% against the US dollar in the
Federal Minister for Finance, Senator Muhammad Aurangzeb, has underscored that Pakistan’s long-term economic prospects depend on effectively confronting the dual national challenges of rapid population growth and climate vulnerability. He made this observation during his address to the launch ceremony of the District Vulnerability Index for Pakistan (DVIP), organised by the Population Council i
Pakistan’s current account posted a deficit of $112 million in October 2025, data released by the State Bank of Pakistan (SBP) showed on Monday. The deficit follows a surplus of $83 million recorded in September 2025 and a surplus of $296 million in October 2024. The deficit came on the back of a significantly higher import bill and lower exports during the month. In October 2025, the cou
In a strategic move, Matco Foods Limited, one of Pakistan’s leading rice exporters, has formally transferred its spice and masala packaging segment to its wholly owned subsidiary, Falak Foods (Private) Limited. The listed company informed its stakeholders in a notice to the Pakistan Stock Exchange (PSX) on Monday. “We are pleased to inform you that further to our earlier disclosure dated May