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PSX tumbles 1,693 points as selling pressure intensifies

KSE-100 settles below 174,000 as geopolitical tensions, higher oil prices unsettle investors KARACHI: The Pakistan Stock Exchange (PSX) succumbed to heavy selling pressure on Monday, with the benchmark KSE-100 Index plunging 1,692.75 points, or 0.97% to settle at 173,636.07, as concerns over rising oil prices and escalating tensions around the Strait of Hormuz weighed on […]

PM Shehbaz pledges to take Pakistan-Kyrgyzstan trade to $200m

Present-day bilateral trade of $16m “not a patch” on strong relations between two states, says Premier Shehbaz Prime Minister Shehbaz Sharif on Wednesday vowed to take bilateral trade with Kyrgyzstan to $200 million within two years, urging stronger engagement between the two nations. “Our present day bilateral trade hovers around $16 million which is not […]

Oil prices set for weekly gain as US-Iran hostilities intensify

Brent crude futures down 47 cents or 0.49% at $95.05 Oil prices eased on Friday but were still headed for a ‌weekly gain as rising US-Iran tensions heightened concerns over Middle East supply risks. Brent crude futures were down 47 cents or 0.49% at $95.05 a barrel by 1:13pm PKT, while US West Texas Intermediate crude futures lost […]

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