[ KARACHI: Fresh attacks by the US and Iran on each other sparked a wave of selling at the Pakistan Stock Exchange (PSX) on Monday, with investors dumping shares as soaring oil prices and concerns over global energy supplies weighed heavily on market sentiment. Earlier, trading opened on a sharply negative note, when the benchmark … Read more

[ Oil prices rose nearly 3% on Tuesday to their highest in four weeks, as ‌the US reimposed its naval blockade of Iran while the two countries stepped up attacks in the Strait of Hormuz, heightening uncertainty about energy flows. Brent crude futures were last up $1.50, or 1.8%, to $84.80 per barrel, while US West Texas Intermediate crude … Read more

[ Business leaders call for predetermined share to be allocated to retire foreign debt LAHORE: A record-breaking year for overseas workers’ remittances has revived calls from business circles in Lahore for a structured mechanism to channel a portion of these inflows toward retiring the country’s external debt, rather than leaving the funds to be absorbed … Read more

[ Professors get mere 4% raise as assistants receive 55% increase, faculty cries foul ISLAMABAD: After five years, the federal government has increased salaries of foreign-qualified university faculty, but the revision has further complicated the issue, as professors have been given a maximum 4% raise while assistant professors received up to 55%. The notification issued … Read more

[ KARACHI: A sharp surge in dry bulk commodities reshaped Pakistan’s import profile during FY2025-26, with robust inflows of coal, soybean seeds and steel products more than offsetting a steep decline in LNG and other liquid cargoes. The changing cargo mix lifted overall import volumes despite weaker container traffic, highlighting a shift in the country’s … Read more