Barrick Gold Assures Pakistan on Reko Diq Project
Canadian firm Barrick Gold has assured Pakistan it will continue development of the Reko Diq gold and copper project despite regional conflicts, with security reviews and procurement talks underway.
Category : Business
OGDC discovers oil and gas in Sanghar district
Oil and Gas Development Company Limited (OGDC) has discovered oil and gas from its Bobi Deep-1 well in Sanghar district, producing 2,000 bpd oil and 1.1 MMscfd gas.
Gold prices in Pakistan drop Rs8,600 per tola
Gold prices in Pakistan fell sharply on Wednesday, dropping Rs8,600 per tola to Rs467,762, tracking losses in international markets amid geopolitical tensions and inflation concerns.
KSE-100 Drops 831 Points on Geopolitical Tensions
Pakistan's KSE-100 index fell 831 points to 170,190.64 amid geopolitical tensions and profit-taking, with only 25 stocks advancing against 74 decliners.
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Pakistan trade deficit narrows 39.46% in May 2026
Pakistan's trade deficit narrowed 39.46% month-on-month in May 2026 to Rs721.6 billion, driven by rising exports and falling imports, according to PBS data.
Gold Overtakes US Treasuries as Top Central Bank Reserve Asset
Gold has surpassed US Treasuries as the largest reserve asset held by central banks globally, marking a historic shift in international finance amid geopolitical tensions.
Pakistan's $457B Informal Economy: Why Businesses Stay Shadow
Pakistan's informal economy is worth $457 billion, 64% larger than the formal sector. Experts like Burhan Mirza explain why businesses resist formalization and suggest solutions.
PMD Warns of Below-Normal Rain, Above-Normal Temperatures
Pakistan Meteorological Department warns of below-normal rainfall and above-normal temperatures in June and beyond, raising concerns over heatwaves and water shortages.
OGDC finds oil and gas at Bobi Deep-1 in Sindh's Sanghar
OGDC announced a major oil and gas discovery at Bobi Deep-1 in Sanghar, Sindh, producing 2,000 BOPD and 1.1 MMSCFD gas, marking the first find from the Massive Sand play.
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BISP to Include Unmarried Women Over 35 in Welfare Programme
Pakistan's BISP will extend financial aid to unmarried women aged over 35, expanding social protection for vulnerable women without family support.
Fundraiser for Bryan Mansell in Lego dispute tops $300,000
A fundraising campaign for Bryan Mansell, involved in a Lego collection dispute with Bricks & Minifigs and YouTuber Reckless Ben, has surpassed $300,000 amid ongoing legal battles.
Italy Quota for 10,500 Pakistani Workers Over Three Years
Italy has set a special quota for 10,500 Pakistani workers over three years, announced outgoing Italian Ambassador Marilina Armellin at a ceremony in Islamabad.
Oil Surges as US Strikes in Iran Hinder Peace Deal Hopes
Oil prices rose over 2% on Tuesday as new US strikes in Iran dampened optimism for an imminent peace deal, while global stocks showed mixed performance.
LuLu Launches SWFT Convenience Stores in Saudi Arabia
LuLu Group introduces SWFT convenience stores in Saudi Arabia, with four outlets at metro stations, fuel stations, and airports, aiming for 100 stores by 2030.
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PM Sharif invites Chinese academy to run Pakistan's farm research
PM Shehbaz Sharif invited a Chinese academy to overhaul Pakistan's dormant agriculture research center, seeking modernization and CPEC cooperation.
Oman Raises $26M in Treasury Bills Yields Up to 3.94%
Oman issued $26 million in Treasury bills with yields up to 3.94%, strengthening its fiscal profile amid improved liquidity and sovereign returns.
Saudi Hotel Sector Resilient with Religious Travel Support
Saudi Arabia's hospitality sector showed resilience in Q1 2026, with 66.3% occupancy and 3% ADR growth. Makkah and Madinah led at 78.6% and 81.3% occupancy, driven by Umrah and Ramadan travel.
Oil price surges 3% as US strikes on Iran fuel deal uncertainty
Brent crude rose 3% after US strikes in Iran, adding to uncertainty over a peace deal to reopen the Strait of Hormuz and restore oil flows.
Hantavirus scare won't deter Filipino seafarers: expert
A labor migration expert says the hantavirus outbreak on a cruise ship will not discourage Filipino seafarers, who are the largest group in global maritime labor.
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Saudi Aid Helps Rohingya Families Celebrate Eid Al-Adha
KSrelief distributes food baskets to over 60,000 Rohingya and host families in Cox's Bazar, ensuring traditional Eid celebrations amid aid cuts.
Sweden Halves Monthly Pass Prices Before Election
Sweden's right-wing government will halve monthly public transport pass prices from July 1, costing 6.5 billion crowns, to ease household burdens ahead of the September election.
Greek Tanker Explosion Off Oman Coast, Crew Safe
A Greek-owned oil tanker, Olympic Life, reported an external explosion off Oman's coast. The crew is safe, but some fuel leaked. Cause unknown.
China mining tragedy: Hidden tunnels, fake doors, 82 dead
Probe into China's deadliest mining accident in over 15 years reveals concealed tunnels, fake doors, and missing trackers. 82 killed, 2 missing, 128 hospitalized.
Iraq Expects 5M Ton Wheat Harvest, Eyes Self-Sufficiency
Iraq's 2025-2026 wheat output expected to hit 5 million metric tons, achieving self-sufficiency for fourth consecutive year despite reduced procurement prices.
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Saudi Firms Seek English Skills Amid AI Boom
Saudi employers demand English proficiency as AI grows, but Arabic remains essential. Bilingual skills are key in the evolving business landscape.
Oil Prices Drop as Traders Eye US-Iran Talks Progress
Oil prices fell around 3% on Wednesday as traders weighed progress in US-Iran peace talks against renewed hostilities, with Brent crude dropping to $96.91 a barrel.
Gold Prices Dip on Fragile US-Iran Ceasefire
Gold edges lower as investors assess US-Iran tensions and await Fed comments. Spot gold down 0.3% at $4,493.43 per ounce.
Pakistan Plans Oil Reserves, Storage Push Amid Hormuz Risks
Pakistan aims to boost domestic crude and product storage to enhance energy security, given its heavy reliance on Strait of Hormuz imports and lack of strategic reserves.
Global Fertilizer Prices to Surge 30% in 2026
Oxford Economics reports global fertilizer prices will rise over 30% in 2026, with urea climbing faster, due to Strait of Hormuz disruptions, impacting farmers and food security.
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European gas prices drop on Hormuz reopening hopes
Europe's benchmark natural gas contract fell about 5% after Iran signaled a US peace deal could reopen the Strait of Hormuz for shipping.
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