Prime Minister Shehbaz Sharif has approved a reduction in diesel prices to provide immediate relief to the public, his office said on Friday. The decision lowers diesel prices by Rs 32.12, bringing the rate down from Rs 385.54 to Rs 353.43 per litre. The prime minister directed that the benefits of the fuel price reduction […]
oil prices
Trump claims imminent victory in Iran conflict
LAS VEGAS: US President Donald Trump has claimed that the United States is close to achieving victory in its conflict with Iran, expressing optimism that the war could end within the next two months. Read More: Trump claims Iran agreed to not to pursue nuclear weapons Speaking at an event in Las Vegas, Trump said […]
Pakistan Stock Exchange staged a strong recovery after recent sell-off
The Pakistan Stock Exchange staged a strong recovery on Tuesday, with its benchmark KSE-100 Index gaining significant ground in early trading after a steep decline in the previous session. Read More: Pakistan Stock Exchange falls as oil spike fuels inflation fears The KSE-100 Index climbed to an intraday high of 165,150.36, rising 4,559.03 points or 2.84%. […]
PSX plunges as US Iran tensions shake investor confidence
The Pakistan Stock Exchange (PSX) witnessed a sharp decline on Monday as failed negotiations between Iran and the United States (US) rattled investor sentiment and triggered widespread selling across the market. Read More: PSX surges over 14,137 points amid improving regional situation The benchmark index fell by 5,553.3 points, or 3.32%, plunging to an intraday low […]
US military announces blockade of Iranian Gulf ports amid rising tensions
The United States (US) military has announced that it will impose a blockade on all Iranian Gulf ports starting Monday at 1400 GMT, a move that sharply escalates tensions with Iran and raises fears of wider regional conflict. Read More: Strait of Hormuz: key oil route in middle of US–Iran crisis According to a statement from US […]
Oil prices rise after lack of progress in negotiations between Iran and US
Global oil prices have surged following a lack of progress in negotiations between Iran and the United States (US), raising concerns over supply stability and geopolitical tensions. Read More: Oil prices surge as US Iran tensions escalate According to market reports from Singapore, crude oil prices climbed sharply after talks held in Islamabad ended without a breakthrough. The […]
Petrol prices may drop sharply in Pakistan
Petroleum product prices in Pakistan are expected to see a significant reduction following a sharp decline in global oil markets, offering potential relief to consumers burdened by rising inflation. According to industry sources, petrol prices could decrease by up to Rs55 per litre, while diesel prices may witness a substantial cut ranging between Rs95 and […]
Oil prices fall after diplomatic developments led by Pakistan
Global oil prices have dropped sharply following recent diplomatic developments led by Pakistan, which contributed to a ceasefire understanding between Iran and the United States. The easing of tensions has had an immediate and positive impact on international energy markets and investor sentiment. Read More: Oil Prices Drop After Pakistan Proposal Shakes Global Market According to […]
Global oil prices climbed sharply as Hormuz tensions disrupt supply
Global oil prices climbed sharply on Monday as escalating conflict in the Middle East disrupted key supply routes, particularly through the strategically vital Strait of Hormuz. Read More: OPEC+ agrees to boost oil output when Hormuz reopens Brent crude futures rose 1.6% to $110.74 a barrel, while West Texas Intermediate gained 0.6% to $112.25, extending last week’s […]
Oil prices surge as US Iran tensions escalate
Global oil markets recorded sharp gains as escalating tensions between the United States (US) and Iran raised fears of prolonged supply disruptions. Prices surged after President Donald Trump vowed to intensify military operations, heightening uncertainty in already volatile markets. Read More: IMF urges Pakistan to revise oil prices amid Middle East crisis Brent crude futures climbed nearly […]