Oil prices rose on Thursday after losses in previous three sessions due to market oversupply concerns, as the potential for tighter sanctions on Russian crude lent some support. Brent crude futures gained 37 cents, or 0.57%, to $65.72 a barrel by 0401 GMT. U.S. West Texas Intermediate crude climbed by 34 cents, or 0.55%, to $62.12 a barrel. Some analysts attributed the increases to a technic
In a major corporate development, Gillette Pakistan Limited announced that its parent company, Procter & Gamble (P&G), will discontinue its business operations in Pakistan as part of a global restructuring plan. The listed company disclosed the development in its notice to the Pakistan Stock Exchange (PSX) on Thursday. “The Gillette Company LLC has conveyed to Gillette Pakistan Limited, incl
Karamat Ali’s cows and buffalos once provided his multi-generational family with milk. But earlier this year, the 61-year-old sold about a dozen bovine - and spent the proceeds on a set of solar panels. The rice farmer in Pakistan’s Punjab province now uses his panels to power a tube well, which is composed of a water well and a motorised groundwater pump. The device allows Ali to irrigate h
Ghani Value Glass Limited announced on Thursday that it had successfully installed its new screen printing glass project. The development was shared in a notice to the Pakistan Stock Exchange (PSX) today The new project will be fully operational within this year. “This strategic expansion is expected to drive revenue growth and enhance overall profitability,” the notice to the bourse read
The Pakistani rupee strengthened against the US dollar, appreciating 0.09% during the opening hours of trading in the inter-bank market on Thursday. At 10am, the currency was hovering at 281.07, a gain of Re0.24 against the greenback. On Wednesday, the local unit closed at 281.31. Internationally, the US dollar regained its footing in early Asian trading on Thursday after the US Supreme C