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A labourer bends over as he carries packs of textile fabric on his back to deliver to a nearby shop in a market in Karachi. — Reuters/FIleGovt to explore ways to absorb part of any further increase in oil bill.Also seeking flexibility on petroleum-related taxation from…

Stockbrokers interact during a trading session at Pakistan Stock Exchange in Karachi on May 12, 2025. — AFPKSE-100 Index closed at 156,177.12, up 9,696.98 points, or 6.62%.Index hit intraday high of 158,354.12, up 11,873.98 points, or 8.12%.The index recorded a low of 155,294.65, up…

An oil tanker sits anchored in Muscat, as Iran vows to close the Strait of Hormuz, amid the US-Israeli conflict with Iran, in Muscat, Oman, March 7, 2026. — Reuters

Oil prices fall after surging as high as $119/barrel on Monday.Trump predicts war in Middle East could be…