Brent crude futures jumped $6.29, or 9.07%, to $75.65 a barrel by 0315 GMT after hitting an intraday high of $78.50, the highest since January 27. U.S. West Texas Intermediate crude was up $6.43, or 9.45%, at $74.47 a barrel after hitting a high of $77.62, the loftiest since January 21. Friday’s gains were the […]
In a notice to the Pakistan Stock Exchange (PSX), OGDCL announced the gas/condensate discovery from the exploratory well, Faakir-1, in Khairpur district. The well is operated by OGDCL, holding a 95% working interest, in joint venture with Government Holdings (Private) Limited (GHPL), which holds the remaining 5% interest. “Faakir-1 was spudded on December 31, 2024, […]
The mood was also shaded by geopolitical concerns after the US president said personnel were being moved from the Middle East as nuclear talks with Iran faltered and fears of a regional conflict grew. The equity losses snapped a recent rally fuelled by talks between Beijing and Washington in London that saw them hammer out […]
Sindh budget 2025-26 will be presented in the provincial assembly tomorrow (Friday). According to proposals, the Annual Development Program (ADP) for the province has been increased from Rs493 billion to Rs503 billion. Key highlights of the development allocations include Rs183 billion earmarked for new development schemes and Rs45 billion proposed for the Sustainable Development Goals […]
According to Forex.pk, the current value of 10 grams of 24-karat gold is SAR 4,011, while an ounce of gold is valued at 12,475 Saudi Riyals. The uptick in gold rates reflects ongoing trends in the global commodities market, with the latest pricing update reported at 10:00 a.m. local time. Gold has long held a […]
The selling rate of the Saudi Riyal to PKR remained at Rs75.86. Saudi Arabia’s official currency is denoted as SAR or SR. A single Riyal is divided into 100 halalas. The relationship between the two countries is built on a strong foundation of mutual support and cooperation. Saudi Arabia has provided significant financial aid to […]
As per details, the journalists were protesting the Federal Board of Revenue’s (FBR) failure to provide a technical briefing on the Finance Bill 2025-26. The briefing, traditionally held to clarify tax proposals for media coverage, was not conducted yesterday. Responding to the boycott, Information Minister Attaullah Tarar acknowledged the journalists’ concerns, stating their grievances were […]
Yesterday, Finance Minister Muhammad Aurangzeb presented the Rs 17.573 trillion Budget for 2025-26 in the National Assembly. The finance minister congratulated Pakistan’s military and political leadership, highlighting the country’s exceptional success against its enemies. “Our armed forces displayed extraordinary capability and responded to threats with full strength,” he said. He stated this was the coalition […]
The meeting of the federal cabinet was chaired by Prime Minister Shehbaz Sharif in Islamabad The cabinet accorded approval to budgetary proposals for the fiscal year 2025-26. The federal government has set a GDP growth target of 4.2 per cent in the budget 2025-26. The budget 2025-26 will be presented today in the National Assembly […]
Speaking about the province’s financial discipline, KP CM Gandapur stated in a statement here that KP has not taken any new loans so far. However, a significant Rs 150 billion has been allocated for loan repayments, underlining the government’s commitment to managing existing debt responsibly. Highlighting development plans, the CM said the province is launching […]
