Gold prices edged higher on Wednesday after suffering a nearly 3% decline in the previous trading session. However, the recovery remained limited as stronger-than-expected US inflation figures and hawkish
Category: Business
PSX Falls Over 500 Points as Strait of Hormuz Tensions Weigh on Investors
The PSX Market opened under pressure on Wednesday as renewed concerns over attacks on shipping in the Strait of Hormuz weakened investor confidence. The benchmark KSE-100 Index dropped more than 500 points during the opening minutes, reversing part of the strong gains recorded
Pakistan Remittances Reach $3.9 Billion in October 2026
Pakistan remittances reached approximately $3.9 billion in October 2026, recording a significant increase compared with the same month last year. According to the State Bank of Pakistan (SBP), overseas workers sent $3.89 billion during the month
Oil Prices Fall as Trump Signals Pause on Iran Attacks
Global oil prices fell at the start of Monday’s trading after US President Donald Trump said further American attacks on Iran were highly unlikely as discussions to end the conflict appeared to be making progress. The comments eased some immediate concerns about a wider military
HBL Reports Rs19.6 Billion Q3 2026 Profit
Habib Bank Limited (HBL) has reported strong financial performance in its HBL third quarter results 2026, posting earnings of Rs19.6 billion, or Rs13.33 per share, for the quarter. The bank’s profit increased 6.5% compared
Gold Prices in Pakistan Remain Unchanged at Rs412,136 per Tola
Gold prices in Pakistan remained unchanged on Tuesday, following a stable trend in the international bullion market. The price of 24-karat gold stood at Rs412,136 per tola, with no increase or decrease recorded during the day
Pakistan Petrol and Diesel Prices: Diesel Rises to Rs393.66
The latest Pakistan petrol and diesel prices review for October 24 brings a mixed update for consumers. The government has kept the retail price of petrol unchanged at Rs377.71 per litre, while the price of High-Speed Diesel
OGDC Gas Production Begins at Butrsim East-1 Well in Sindh
Oil and Gas Development Company Limited (OGDC) has started OGDC gas production at its Butrsim East-1 well in Khairpur district, Sindh, marking a new development in Pakistan’s efforts to increase domestic energy supplies
Oil Prices Fall as Russian Diesel Supply Eases Market Concerns
Oil prices declined on Monday as traders assessed the possibility of increased Russian fuel supplies following a diesel agreement between Washington and Moscow and US President Donald Trump’s announcement of an energy