Oil prices surge amid heightened tensions in Strait of Hormuz
Brent crude futures gain $3.09 amid Iranian bill to ban US and Israeli vessels from the Strait of Hormuz, while Houthi attacks…
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Global Markets
Trump signs tariffs on polysilicon, benefits US and non-Chinese producers
US President Donald Trump imposes tariffs on polysilicon, benefiting US and non-Chinese producers at the expense of Chinese manufacturers.
US polysilicon imports surge to record levels
US imports of high-purity polysilicon increased to $190 million and 6,791 tonnes in 2025, up from 1,286 tonnes in 2024.
AMD Acquires Taalas for AI Chip Efficiency
AMD is acquiring a Canadian startup to boost its AI chip technology and compete in the fast-growing market.
Government’s Digital Monitoring Initiative for Oil Sector Receives Praise
Government’s push for digital transformation at OGRA to improve market discipline and consumer confidence in Pakistan's oil sector.
Oil prices rise amid concerns over Red Sea shipping
Brent crude futures settle up $3.04 as Iran reviews bill to ban US and Israeli vessels from Strait of Hormuz.
MCB Bank Reports Strong Half-Year Performance, Declares Second Dividend
MCB Bank Limited reports strong financial performance and declares second interim cash dividend for 2026.
Tasdeeq to Raise Rs450 Million Through IPO on PSX
Tasdeeq Information Services Limited is raising Rs450 million through an IPO on the Pakistan Stock Exchange. The company plans to use funds…
Government reduces petrol and high-speed diesel prices
Petrol and HSD prices cut effective from August 7, following international market trends.
SECP registers 5,438 new companies in July
Pakistani regulator SECP reports a record number of company registrations in July, with Punjab leading the way.
PSX Rebounds Strongly, KSE 100 Index Surges Past 181,776
The Pakistan Stock Exchange (PSX) sees strong recovery with KSE 100 Index closing at 181,776 due to improved investor sentiment and easing…
Pakistan and Chinese Firm Partner to Produce Sports Shoes
Forward Sports and Zhongzi Huaxin Group sign agreement for joint production of world-class sports footwear in Pakistan.
Copper prices hit six-month high amid supply concerns
Copper prices reached their highest level in six months due to supply concerns and potential U.S. import tariffs.
Government Extends NBP President’s Tenure for Two Weeks
Government extends NBP President/CEO Rehmat Ali Hasnie’s tenure for two weeks until a new CEO is appointed.
PSX Surges Over 1,761 Points on Broad-Based Buying
The Pakistan Stock Exchange (PSX) gained over 1,761 points on Thursday due to broad-based buying interest in major sectors.
Pakistanis Shift to Battery Storage, Outpacing Grid Sales
Consumers in Pakistan are increasingly opting for battery storage over selling excess solar power, leading to a surge in imports and investment.
Nintendo profits surge 53% on US tariff refund
Nintendo reports a 53.5% profit increase due to unexpected Trump tariffs refund.
US Senators Call for Crackdown on Wildfire Betting
Democratic senators urge CFTC to regulate prediction market platforms allowing bets on wildfires amid arson risks.
Gold prices rise in Pakistan as international rates climb
Gold per tola price increases by Rs11,300 as international rates climb.
Nishat Group consortium enters race for FESCO privatisation
A Nishat Group consortium has entered the race to privatise Faisalabad Electric Supply Company (FESCO) as part of Pakistan's broader energy sector…