Pakistan Stock Exchange (PSX) closed slightly higher on Monday as late-session buying helped the benchmark index recover from early losses. The KSE-100 Index gained 124.95 points, ending at 175,927.74 despite continued geopolitical concerns. The market faced heavy selling pressure at the opening due to rising tensions between the United States and Iran. The benchmark index […]
Business
Pakistan, Canada strengthen trade and minerals links
Pakistan and Canada agreed to strengthen trade and investment cooperation during talks in Islamabad. Prime Minister Shehbaz Sharif and Canadian Foreign Minister Anita Anand discussed expanding ties in agriculture, energy, industry, and other key sectors. Anand met Prime Minister Shehbaz at the PM House, where both sides reviewed bilateral relations. Deputy Prime Minister Ishaq Dar, […]
EU fines AliExpress record €550 million
The European Commission imposed a record €550 million fine on Chinese e-commerce platform AliExpress for failing to prevent illegal products from being sold online. The penalty is the largest issued under the Digital Services Act. The decision strengthens the EU’s enforcement of online consumer protection rules. EU technology chief Henna Virkkunen said counterfeit goods, unsafe […]
Government approves reforms in petroleum pricing mechanism
The federal government has approved a new pricing mechanism for petroleum products, allowing OGRA to announce daily fuel prices without separate approval from the prime minister or federal cabinet. The move aims to introduce a more market-based pricing system in Pakistan. According to official documents, OGRA will issue daily ex-depot prices for petrol and high-speed […]
Pakistan, Canada strengthen ties through expanded bilateral cooperation
Pakistan and Canada agreed to deepen their bilateral partnership as Deputy Prime Minister and Foreign Minister Ishaq Dar welcomed Canadian Foreign Minister Anita Anand in Islamabad during her first official visit to Pakistan. Both sides decided to expand cooperation in key sectors and institutionalise the relationship through annual meetings to monitor progress on their agreed […]
Brent oil crosses $90 as US-Iran conflict disrupts Gulf shipments
Global oil markets faced renewed pressure on Monday as Brent crude prices crossed $90 per barrel amid escalating hostilities between the United States and Iran, raising concerns over disruptions to energy supplies through the strategically important Strait of Hormuz. Read More: Brent oil rises to highest since February after Saudi Arabia output cut Brent crude futures […]
Pakistan imports mobile phones worth Rs530 billion in one year
Pakistan’s mobile phones imports recorded a significant increase during the fiscal year 2025-26, with the country importing devices worth Rs530.49 billion, according to newly released data. Read More: Imports of mobile phones, telecom apparatus surge to $2.33b The figures show that Pakistan’s dependence on imported mobile phones continued to rise during the year ending June 30, […]
Pakistan’s oil import bill exceeds IMF estimate amid global price surge
Pakistan’s annual petroleum import bill has surpassed the estimate made by the International Monetary Fund (IMF) as a sharp increase in global oil prices, driven by tensions in the Middle East, raised the country’s energy import costs. Read More: Pakistan’s oil imports reach $10.71 billion as refinery output expands According to official documents, Pakistan’s oil import […]
Pak-China B2B conference secures over $1.7 billion in investment commitments
Pakistan and China signed investment and business agreements worth approximately US$1.4 billion at the conclusion of the two-day Pakistan-China Business Conference held in Islamabad, marking another significant step towards strengthening bilateral economic and industrial cooperation. On the final day of the conference, participants signed 42 agreements valued at approximately US$850 million, covering a wide range […]
Climate change puts food security under pressure
Pakistan’s food security is facing increasing pressure from climate change as rising temperatures, erratic rainfall, floods and water shortages threaten the productivity of major crops. There is scientific projections warning of significant declines in wheat and rice yields in coming decades. Climate assessments indicate that Pakistan’s average temperature is rising faster than the global average, […]