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[ Strait of Hormuz tensions force spot market purchase; delivery scheduled between Tuesday-Saturday ISTANBUL/ KARACHI: Pakistan has launched an urgent tender to buy a liquefied natural gas (LNG) cargo for delivery this week, as renewed tensions in the Strait of Hormuz disrupt energy flows through one of the world’s most important shipping routes. The state-owned … Read more

[ KARACHI: Trading remained subdued at the Pakistan Stock Exchange (PSX) on Monday as investors were wary of building fresh positions amid persistent geopolitical uncertainty and mixed global market cues. By the close of trading, the KSE-100 index lost more than 1,150 points. Keeping in view the choppy Asian markets, where optimism over artificial intelligence-driven … Read more

[ Brent August crude futures, which expire on Tuesday, are down 0.9%, or 64 cents, at $72.51 a barrel Oil prices ‌dipped on Tuesday and were poised for a monthly decline, with investors eyeing potential US-Iran talks in Doha amid a strained interim ceasefire in the four-month-old war. Brent August crude futures, which expire on … Read more

[ ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has approved ten Initial Public Offerings (IPOs) for listing on the Pakistan Stock Exchange (PSX) during the first half of 2026, according to a statement issued on Monday. Nine companies have already completed their IPOs, raising more than Rs20 billion through public offerings. Book building … Read more

Viral screenshot is from 2022, when decision was taken to conserve energy amid Russia-Ukraine war A sweltering heatwave has hit Europe, pushing temperatures to record highs in Austria, the Czech Republic, Germany and Poland. Among the countries worst-hit are France and Spain, where scores of people have died due to intense heat. The UN’s climate … Read more

[ . ISLAMABAD: Oil and Gas Development Company Limited (OGDC) has commenced oil production from its Bobi Deep-1 well in Sanghar district, producing 2,000 barrels of oil per day from the Massive Sand of the Lower Goru Formation. The company had announced the discovery on June 3, 2026. OGDC completed the laying of a 1.5-kilometre … Read more