Brent crude futures soared over 6% to $95.85 a barrel after the US seized an Iranian cargo ship, raising fears of a ceasefire collapse and disrupting oil flows through the critical Strait of Hormuz.
Major Asian airlines like Cathay Pacific and Singapore Airlines report robust demand on European routes as travelers avoid Middle Eastern hubs due to conflict, with analysts predicting this shift could last 6-12 months.
Over 50 nations gather in Colombia for the first-ever conference on phasing out fossil fuels, as the Iran war highlights global energy dependence and short-term coal reliance.
Pakistan initiates consultations with investors and business groups to broaden its narrow tax base in the upcoming federal budget, targeting sectors like agriculture and IT under IMF guidance.
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Saudi Arabia's real estate price index dropped 1.6% year-on-year in Q1 2026, with residential sector declines offsetting commercial gains, according to GASTAT data.
Algeria has initiated a global bidding round for oil and gas exploration across seven fields, aiming to boost production capacity and attract foreign investment amid Middle East supply disruptions.
Saudi Arabia's Operating Revenue Index increased by 5.9% year-on-year in February 2026, driven by strong performances in logistics, entertainment, and communication sectors. The transport and storage sector saw a 17% annual rise, while information and com
The World Bank has agreed to provide technical assistance to Syria's central bank to rebuild foreign currency and gold reserves, aiming to boost liquidity and support economic recovery after years of conflict.
The Saudi Ministry of Human Resources and Social Development has revoked licenses of 11 agencies and suspended 3 for breaching recruitment rules, urging use of the Musaned platform.
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Saudi Arabia's Riyadh Air announces new routes to Jeddah, Madrid, and Manchester, signaling global expansion ahead of its commercial launch as part of the Kingdom's aviation strategy.
The government's new policy to repatriate overseas assets has been met with approval from economic experts and political leaders, aiming to boost Pakistan's economy and curb illicit financial flows.
The Government of Pakistan and the Asian Development Bank have signed a significant agreement to expand access to insurance solutions for businesses, particularly MSMEs, aiming to enhance financial inclusion and economic resilience.
Audit authorities have identified significant financial irregularities totaling Rs12.2 billion in the motorway toll system contract, raising concerns about transparency and governance in infrastructure projects.
A new global initiative aims to combat cross-border crop diseases, recognizing food security as a shared vulnerability. It promotes coordinated surveillance to mitigate agricultural pathogens and address climate-driven instability.
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A devastating fire at a licensed firecracker factory in Virudhunagar, Tamil Nadu, has claimed at least 20 lives and injured six others, with rescue operations ongoing and the cause unknown.
Beijing is establishing a new satellite town dedicated to advancing China's aerospace sector, reflecting the nation's strategic push in space technology and industrial development.
The closure of the Strait of Hormuz has spiked energy costs, but US grocery bills remain stable for now. Experts warn of potential long-term food inflation if the conflict persists, affecting supply chains and packaging.
Pakistan's government has announced a reduction in jet fuel and diesel prices, effective immediately, driven by a recent drop in global oil markets. This move aims to lower transportation and operational costs across various sectors.
The Sarhad Chamber of Commerce and Industry expressed serious concern over CNG station closures, calling it unconstitutional, and opposed a new Hajj policy requiring police NOCs, urging immediate government action.
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Khyber Pakhtunkhwa's Agriculture Secretary commits to a strict anti-corruption campaign, addressing farmers' grievances via an online forum to enhance transparency and efficiency in the sector.
The federal government reports a significant reduction in loadshedding, from 6-7 hours to 2-3 hours, due to increased hydropower generation from dam water releases. This improvement follows earlier peak-hour outages aimed at controlling electricity tariff
The SECP has approved the Offer for Sale of JS Rental REIT units, enabling public investment in rental real estate through the capital market. This marks the 9th listing on PSX this fiscal year, boosting REIT options to six.
Gold prices in Pakistan decreased significantly on Friday, with 24 karat gold per tola dropping by Rs3,300 to Rs501,562. International gold also fell by $33 to $4,792 per ounce, while silver prices declined both locally and globally.
Pakistan's power crisis is driven by governance failures and capacity shortages, causing widespread blackouts and economic strain. Experts call for urgent reforms.
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The government's admission of up to seven-hour power outages, combined with Asia's fossil fuel reliance amid the Iran war, highlights a systemic energy planning failure. This crisis underscores the urgent need for renewable energy policies to ensure econo
Global solar leader LONGi convened its largest-ever summit in Lahore, unveiling new energy solutions and discussing Pakistan's shift toward value-driven solar adoption amid rising demand.
A special tree plantation campaign was launched at the Karot Hydropower Project on the River Jhelum to commemorate Pakistan-China friendship and promote environmental sustainability. Officials and Chinese engineers participated in the eco-friendly initiat
Mobilink Bank has been recognized as one of the top 10 organizations at the Global Diversity, Equity, and Inclusion Benchmark Awards 2026, highlighting its commitment to inclusive workplace practices.
iPak Group has announced a strong financial performance for the first nine months of the fiscal year, with significant revenue growth and strategic expansions in key sectors.
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Saudi Arabia has approved a $3 billion deposit to Pakistan's central bank, extending financial support to help stabilize the economy amid global pressures and manage external obligations.
