The International Monetary Fund’s building in Washington, United States. — AFP/FileAmendments to SWF law sent Parliament.Revenues to flow directly to government.SOE reforms and privatisation plans advancing.ISLAMABAD: The International Monetary Fund has asked Pakistan to…
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Oil falls on hopes of broader peace after Lebanon, Israel halt fighting
A view shows an oil pump jack outside Almetyevsk in the Republic of Tatarstan, Russia June 4, 2023. — ReutersBrent drops 0.89%, WTI down 0.81% after recent gains.Trump says Iran talks could see movement by this weekend.Iran says contacts with Washington remain open but stalled.
Crude oil slumps after reopening of Hormuz drains geopolitical risk from markets
3D printed oil barrels, rising stock graph are seen in this illustration. — Reuters/FileIran allows commercial shipping through Hormuz during ceasefire.Araghchi says route fully open for remaining ceasefire period.Brent settles at $90.38, down 9.1%; WTI fell below $90.
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Govt hands over PIA control to new owner following successful first financial closing
View of a Pakistan International Airlines passenger plane. — APPGovt completes first closing of PIA privatisation deal.Govt receives Rs10 billion in initial sale proceeds.Second closing remains scheduled within 12 months.
The Privatisation Commission of…