Global crude oil prices have surged this week as escalating US-Iran tensions and ongoing geopolitical conflicts raised fresh concerns over global energy supplies. The uncertainty has pushed physical crude cargo prices to their highest levels in nearly two months, with some shipments approaching $110 per barrel. Crude oil cargoes across the Middle East, Europe, and…
The Oil and Gas Development Company Limited (OGDCL) has confirmed Pakistan’s first-ever lithium discovery in underground geothermal formation water, also known as geothermal brine. The breakthrough marks a significant milestone for the country’s energy and mineral exploration sector and could open new opportunities in the global clean energy industry. The discovery was made under OGDCL’s…
Gold prices in Pakistan have reached a new record high following another sharp increase in both international and local bullion markets. The latest surge has pushed the price of 24-carat gold to its highest-ever level, raising concerns among buyers, investors, and those planning weddings. According to market data, the international bullion market recorded a $46…
Pakistan has announced enhanced security measures for the Chinese-operated Saindak Copper and Gold Mine in Balochistan, reinforcing its commitment to safeguarding foreign investment and strategic development projects. Minister of State for Interior Talal Chaudhry said the government has directed provincial authorities and security agencies to strengthen protection around the mining site. Additional security personnel and…
The federal government has announced a significant increase in petroleum prices, raising the cost of petrol by Rs13.18 per litre and high-speed diesel (HSD) by Rs13.80 per litre amid renewed uncertainty in global oil markets. Following the latest revision, the price of petrol has increased to Rs310.71 per litre, while high-speed diesel will now cost…
Global crude oil prices remained volatile as investors continued to assess the impact of economic uncertainty, geopolitical tensions, and supply expectations on international energy markets. According to the latest market data, West Texas Intermediate (WTI) crude was trading at $68.97 per barrel, while Brent crude, the global benchmark, stood at $72.50 per barrel. The fluctuating…
KARACHI: Pakistan Stock Exchange (PSX) started the new fiscal year 2026–27 on a positive note as the benchmark KSE-100 Index posted strong gains during early trading, reflecting renewed investor confidence and optimistic market sentiment. The KSE-100 Index surged by 1,164 points in the morning session, climbing to 181,466 points after opening with strong buying activity…
A private company in Pakistan has been fined Rs1.2 million by the Federal Ombudsperson for Protection against Harassment (FOSPAH) after unlawfully terminating a female employee during her approved maternity leave. The decision is being viewed as a significant step toward protecting women’s workplace rights and ensuring employers comply with labor laws. According to the findings,…
Business leaders in Khyber Pakhtunkhwa have urged the provincial government to make industrial development a key focus of Budget 2026-27. According to Pakistan Business Forum (PBF) KP Chairman Ashfaq Paracha, sustainable economic growth, job creation, export expansion, and increased revenue generation can only be achieved through a stronger industrial sector. Despite the province presenting a…
