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Foreign reserves rise by $23m

[ KARACHI: The State Bank of Pakistan (SBP) reported a $23 million increase in its foreign exchange reserves during the week ended April 30, 2026, which reached $15.85 billion. The country’s total liquid foreign reserves stood at $21.29 billion, of which commercial banks held net reserves of $5.44 billion. Furthermore, the rupee saw a marginal … Read more

Saudi assures continued energy support

[ ISLAMABAD: Federal Minister for Petroleum Ali Pervaiz Malik met Saudi Ambassador Nawaf bin Said Al-Malki to discuss strengthening bilateral cooperation in the energy sector, according to a statement issued on Thursday. During the meeting, Malik expressed gratitude to the Kingdom of Saudi Arabia for its continued support in meeting Pakistan’s energy requirements. He particularly … Read more

Oil prices jump on renewed US-Iran hostilities

[ An oil tanker anchors near the oil hub of the port of Fos-Lavera at sunset near Marseille, southern France. PHOTO: REUTERS Oil prices rose about 1% on Friday ​after renewed fighting broke out between the US and Iran, threatening a shaky ceasefire and dashing hopes ‌for progress on a reopening of the Strait of Hormuz, … Read more

World awaits Iran response to peace deal

Iran accused the United States of violating a ceasefire by targeting two ships at the Strait of Hormuz WASHINGTON/TEHRAN: World capitals and markets were waiting on Thursday for Tehran to respond to Washington’s latest proposed deal to end the war in the Middle East and to reopen the key shipping lane out of the Gulf. … Read more

Trump says ceasefire still holds after fighting between the US and Iran flares

Iran’s top joint military command accuses US of violating ceasefire by targeting an Iranian oil tanker, another ship US President Donald Trump speaks at the Forum Club of the Palm Beaches in Florida about the recent interception, boarding, and seizure of Iranian cargo ships and oil tankers by the US Navy. PHOTO: SCREENGRAB US and Iranian forces … Read more