Category: Business

Strait of Hormuz

Strait of Hormuz Traffic Resumes, Triggering Sharp Drop in Crude Oil Prices Worldwide

Resumption of commercial shipping through the Strait of Hormuz eased supply disruption fears, sending global crude oil prices lower and restoring confidence in energy markets. Global oil prices fell sharply on international markets after commercial shipping and maritime traffic resumed through the strategically vital Strait of Hormuz, easing fears of disruptions to global energy supplies […]
Hormuz

PSX Stuns Investors With Powerful Comeback as KSE-100 Surges Over 650 Points

Strong buying in banking, energy, cement, and automobile sectors helped the Pakistan Stock Exchange rebound sharply after consecutive sessions of losses. Pakistan’s stock market staged an impressive recovery on Wednesday as investors returned with renewed confidence, pushing the benchmark KSE-100 Index more than 650 points higher during early trading. The rally came after two consecutive […]
PSX

PSX Roars Back With 1,200-Point Jump After Major US-Iran Diplomatic Move

Pakistan’s benchmark index gains momentum as diplomatic developments between Washington and Tehran boost market confidence. The Pakistan Stock Exchange (PSX) witnessed a strong recovery on Monday as investor confidence improved after the first round of diplomatic talks between the United States and Iran concluded in Switzerland, raising hopes of reduced geopolitical uncertainty. The benchmark KSE-100 […]
ADB

Pakistan Secures $700 Million ADB Deal to Transform Insurance Sector in Major Financial Reform Move

Pakistan and Asian Development Bank sign policy-based financing agreement to strengthen the financial sector and modernize the insurance industry. ISLAMABAD: Pakistan and the Asian Development Bank (ADB) have signed a major policy-based financing agreement under the Insurance Transformation Program, securing $700 million to support reforms and strengthen the country’s financial sector. According to the Ministry of […]
Pakistan

Pakistan’s Inflation Shock Deepens as Weekly Prices Surge to 15.28%

Pakistan’s latest inflation data shows continued pressure on household budgets as food and daily-use items become more expensive. Pakistan’s inflation pressure has intensified as weekly inflation climbed to 15.28 percent, with rising food prices and essential commodities putting additional strain on consumers, according to the Pakistan Bureau of Statistics. The latest weekly report revealed that […]
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