A pump jack operates outside of Midland, Texas, U.S. June 11, 2025. — ReutersTrump says US and Iran have ‘major points of agreement’.Iran rejects claims of contact with Washington amid conflict.Brent could hit $150 if Hormuz stays shut through…
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Losses of state-owned entities surge 300% to Rs123 billion in FY25
A man walks past machines at the hot strip mill department of the Pakistan Steel Mills on the outskirts of Karachi on February 8, 2016. — ReutersNHA suffers Rs153bn loss and toll model strains finances.QESCO, SEPCO report Rs58bn, Rs29bn losses, respectively.Pakistan Railways, PESCO,…
Gold falls on easing geopolitical risks, stronger dollar
Gold bars are stacked in the safe deposit boxes room of the Pro Aurum gold house in Munich, Germany on January 10, 2025. — Reuters
Gold extended losses on Tuesday, pressured by easing geopolitical tensions in Iran and Russia, as well as a stronger dollar,…
Pakistan seeks oil deal with Russia as energy ministries hold talks
Pakistan Finance Minister Muhammad Aurangzeb speaks during a Reuters interview at the 2025 annual IMF/World Bank Spring Meetings in Washington, DC, US, April 25, 2025. — ReutersCooperation explored in exploration, production and refining.Russia also discusses upgrading a Pakistani…