Brent crude nears $100 per barrel amid Iran conflict, driving jet fuel to record highs. Airlines worldwide deploy aggressive hedging tactics to mitigate soaring operational costs and currency risks.
Pakistan International Airlines increases fuel surcharges by up to $100 on international flights due to a 34% rise in fuel costs from Gulf conflict, leading to 165 flight cancellations in 12 days.
Gold prices in Pakistan fell significantly on Thursday, with per tola gold dropping by Rs2,900 to Rs540,362. The decline aligns with international markets where gold decreased by $29 per ounce.
The United States has authorized the release of 172 million barrels from its Strategic Petroleum Reserve to stabilize global oil markets amid escalating tensions with Iran. This move aims to prevent supply disruptions and curb price volatility.
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The Pakistan Stock Exchange ended Thursday's session in the red, with the KSE-100 Index dropping 0.92% to 154,421 amid cautious investor sentiment and profit-taking, while energy production showed positive momentum.
The Pakistan Stock Exchange saw a bearish trend on Wednesday, with the KSE-100 index losing 318.64 points, closing at 155,858.48. Trading volume and value declined, while Unilever Pakistan Foods led gains and Nestle Pakistan saw the biggest drop.
Pakistan faces a multi-dimensional climate crisis with glacial retreat, devastating floods, severe droughts, and deadly heatwaves impacting communities, agriculture, and wildlife across the nation.
The International Energy Agency (IEA) has announced a major initiative to unlock 400 million barrels of oil in Pakistan, aiming to boost the country's energy security and economic growth through enhanced production and investment.
The Pakistan Stock Exchange (PSX) experienced a decline due to choppy trading, with the benchmark KSE-100 index dropping as investors remained cautious amid economic uncertainties.
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Uzbekistan has formally requested an expansion of trade relations with Pakistan, aiming to strengthen bilateral economic ties and enhance regional connectivity through increased cooperation.
Shell has invoked force majeure for Qatari LNG deliveries to its clients, citing operational disruptions, according to industry sources. This move impacts global energy supplies amid market volatility.
Gold prices in Pakistan have continued their upward trajectory, mirroring a global surge in the precious metal's value. This trend is driven by international market dynamics and local economic factors.
A government minister highlights the potential of converting waste into energy to address power shortages and environmental issues, emphasizing sustainable solutions for Pakistan's energy needs.
Expatriates in Dubai are increasingly leaving their pets behind due to missile strikes in the Gulf region and rising living costs, leading to overcrowded shelters and welfare concerns.
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The fuel supply crisis in Pakistan shows signs of easing as tankers have started arriving at Port Qasim, alleviating fears of a severe shortage. Authorities confirm the resumption of imports to stabilize the market and meet domestic demand.
PTML has successfully acquired 5G spectrum, aiming to accelerate Pakistan's digital economy through enhanced connectivity and technological innovation.
The federal government has called on provinces and local communities to urgently resolve land acquisition issues for the Diamer-Bhasha Dam, a critical hydropower project. Delays in acquiring land are threatening the dam's timeline and economic benefits.
The Pak International Business Forum supports government austerity measures but calls for immediate transfer of falling global crude oil price benefits to consumers and industries to ease inflation.
The Securities and Exchange Commission of Pakistan has granted Al-Hilal Shariah Advisors approval to independently screen securities for Shariah compliance, marking the first non-PSX entity to do so. This move introduces competition in Islamic investment
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The State Bank of Pakistan Banking Services Corporation in Lahore organized a special event to celebrate International Women's Day, focusing on women's empowerment and financial inclusion.
The government has implemented stricter oversight of the petroleum supply chain, including real-time tracking and enhanced inspections, to prevent shortages and stabilize fuel prices across Pakistan.
A sudden 20% fuel price increase in Pakistan raises concerns about inflation, industrial erosion, and economic hardship during Ramadan, highlighting policy failures.
Pakistan's startup ecosystem is set for transformation with the launch of a new mentorship and monitoring program, aiming to boost innovation and economic growth through structured support.
As inflation rises during Ramadan, ordinary citizens in Pakistan face severe financial strain, struggling with basic expenses like iftar and sehri. This economic pressure undermines the spiritual joy of the holy month, highlighting urgent calls for price
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Live Nation Entertainment has reached a settlement with the US Justice Department over antitrust allegations, agreeing to significant operational changes to promote competition in the live events industry.
The International Monetary Fund has formally requested Pakistan to repeal a controversial secrecy clause that shields lawmakers' asset declarations from public scrutiny, citing transparency concerns.
Major airlines worldwide are canceling flights to and from the Middle East as regional tensions escalate, impacting travel routes and passenger safety.
Global oil prices plummeted 7% after President Trump predicted the Middle East conflict could end soon, easing supply disruption fears. Brent crude fell to $92.21 while WTI dropped to $88.36 per barrel.
Gold prices in Pakistan rebounded sharply on Tuesday, with per tola rates climbing by Rs6,200 to Rs539,562, mirroring a $62 increase in international markets to $5,168 per ounce.
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Saudi Aramco CEO warns of catastrophic consequences for global oil markets and economy if Iran war continues to block the Strait of Hormuz, disrupting 20% of world's daily oil shipments.
