Oil prices fell on Thursday on expectations of a Ukraine‑Russia ceasefire which could pave the way for the unwinding of Western sanctions against Russian supply, though trading was set to remain thin due to the US Thanksgiving holiday. Brent crude futures shed 21 cents, or 0.3%, to $62.92 a barrel as of 0108 GMT, while U.S. West Texas Intermediate crude futures dropped 21 cents, or 0.4%, to $58
The Pakistani rupee strengthened further against the US dollar, appreciating 0.05% during the opening hours of trading in the inter-bank market on Thursday. At 10am, the local currency was hovering at 280.42, a gain of Re0.14 against the greenback. On Wednesday, the local unit closed at 280.56. Internationally, the US dollar was on the back foot on Thursday, with trade thinned ahead of the U
The Pakistan Stock Exchange (PSX) witnessed volatile trading on Tuesday as the benchmark KSE-100 index closed in the red because of late-session profit-taking that erased early gains. After touching the intra-day high of 162,820, the index failed to sustain the momentum and slipped to the low of 161,277 before settling at 161,692.49. By the closing bell, the market had recorded a decline of 291
The Pakistan Business Forum (PBF) has urged the federal government and all provincial stakeholders to initiate an immediate and comprehensive revision of the National Finance Commission (NFC) award, stating that an updated fiscal framework is now critical to Pakistan's governance, economic revival and agricultural transformation. PBF provincial leaders Malik Talat Suhail, M Ashfaq Paracha, Daro
Gold prices in Pakistan remained stable on Monday, with the local market seeing bullion per tola traded at Rs428,862. Similarly, 10-gram gold was sold for Rs367,680, according to the All-Pakistan Gems and Jewellers Sarafa Association. On Saturday, gold per tola had risen by Rs2,300 to reach Rs428,862. The stability on Monday comes amid global market support, driven by growing expectations of a