Oil prices drifted lower on Wednesday as Saudi Arabia began restoring crude supply on a critical pipeline to the Red Sea and on hopes for a diplomatic solution to the US-Iran war through talks at the UN in New York. Brent crude futures fell 7 cents, or 0.07%, to $99.18 a barrel as of 0119 GMT while West Texas Intermediate futures fell 35 cents, or 0.39%, to $90.17 per barrel. While US Pres
Pakistan equities opened the week on a firmer footing on Monday, with the benchmark KSE-100 index gaining ground as easing oil prices and hopes for diplomatic progress on the Iran conflict encouraged buying interest, although the early rally lost some momentum during the session. The KSE-100 index ultimately posted a thin gain of 268.58 points, or 0.16%, to close at 171,153.17. The index traded
Deputy Prime Minister and Foreign Minister Ishaq Dar stressed the significance of GSP+ status for Pakistan’s trade relations with the European Union (EU) in a meeting with EU High Representative for Foreign Affairs and Security Policy Kaja Kallas on Monday. According to a statement issued by the Foreign Office, the meeting took place on the sidelines of the 81st session of the United Nations Ge
Power generation in Pakistan reached 14,943 GWh in August 2026, up 5.1% YoY from August 2025. Back in August 2025, power generation stood at 14,218 GWh. “While still below the 16,176 GWh peak recorded in Aug’21, the rebound is encouraging for power-sector activity and broader economic growth,” said Arif Habib Limited (AHL) in a note on Monday. On a monthly basis, power generation
Gold prices in Pakistan decreased on Monday in line with their loss in the international market. In the local market, gold price per tola reached Rs457,536 after a decline of Rs2,700 during the day. Similarly, 10-gram gold was sold at Rs392,263 after it fell by Rs2,315, according to rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). On Saturday, gold price per t