Oil prices edged lower on Tuesday as rising Opec+ supply and worries of weaker global demand countered concern about US President Donald Trump’s threats to India over its Russian oil purchases. Brent crude futures were down 58 cents, or 0.84pc, to $68.18 a barrel at 12:17 p.m. EDT (1617 GMT), while US West Texas Intermediate crude slipped 59 cents, or 0.89pc, to $65.7. Both contracts fell by mo
Prime Minister Shehbaz Sharif on Tuesday directed the authorities to simplify and expand access to low-cost agricultural loans for small- and medium-scale farmers and take measures for boosting of the Small and Medium Enterprises (SMEs) in the country. Presiding over a review meeting, the PM called it a critical step for boosting agricultural productivity and ensuring economic dignity for the c
United States President Donald Trump on Tuesday said he would increase the tariff charged on imports from India from the current rate of 25 per cent “very substantially” over the next 24 hours, given India’s continued purchases of Russian oil. “India has not been a good trading partner, because they do a lot of business with us, but we don’t do business with them. So we settled on 25pc but I th
The Gwadar Port Authority (GPA) and a Chinese company agreed to boost investments at the port, the maritime affairs ministry said on Tuesday. Pakistan recently increased efforts on the commercialisation of the Gwadar Port, which was built more than a decade ago but remains a non-starter. In January, the government sought the private sector’s support in routing their cargoes through the port, se
The Pakistan Stock Exchange (PSX) reached an unprecedented milestone on Monday, with the benchmark KSE-100 index breaching the 142,000 mark for the first time. The rally was driven by optimism surrounding strong corporate earnings announcements expected this week, alongside a landmark tariff deal with the United States and growing expectations of a resolution to the circular debt crisis in the