Newspaper - Business - August 8, 2026

Oil gains on pending  Iran-Oman Hormuz deal

Oil gains on pending Iran-Oman Hormuz deal

Oil prices fell earlier in the week as a possible solution to the conflict looked more likely, and both benchmarks are on course for a weekly loss of more than 9pc.
Updated 08 Aug, 2026 07:39am
New PIA board announces bonus for employees

New PIA board announces bonus for employees

PIA management highlights that the gesture aims to recognise staff dedication while energising teams for upcoming operational milestones, route revivals, and service enhancements.
Updated 08 Aug, 2026 07:33am
Stocks turn in depressed performance

Stocks turn in depressed performance

The negative sentiment was primarily driven by the rebound in international oil prices, prompting investors to book profits ahead of the weekend.
Published 08 Aug, 2026 05:23am
New steel sector tax framework

New steel sector tax framework

KARACHI: The Pakistan Association of Large Steel Producers (PALSP) has welcomed the new steel-sector tax framework...
Published 07 Aug, 2026 08:14am
New fuel storage in KP

New fuel storage in KP

KARACHI: Wafi Energy Pakistan Ltd inaugurated a 7.4 million-litre petrol storage tank at its Tarru Jabba terminal in...
Published 07 Aug, 2026 08:14am
SBP reserves up

SBP reserves up

KARACHI: Foreign exchange reserves of the country increased to $22.474 billion at the end of the week on July 31,...
Published 07 Aug, 2026 08:14am
Pakistan, Iran push for FTA

Pakistan, Iran push for FTA

The two countries agree to improve trade facilitation, customs coordination, transport, logistics and border infrastructure to ensure the smooth movement of commercial cargo.
Published 06 Aug, 2026 07:27am
Govt raises Rs939bn from banks

Govt raises Rs939bn from banks

KARACHI: The government raised Rs939 billion through the auction of treasury bills on Wedn­esday, reflecting no...
Published 06 Aug, 2026 07:38am
Two gas utilities to become five

Two gas utilities to become five

The sources say the Petroleum Division wanted to fast-track the restructuring and unbundling process and secure the prime minister’s approval this month.
Published 05 Aug, 2026 07:44am
Oil mixed

Oil mixed

NEW YORK: Oil prices were mixed on Wednesday, with Brent settling up slightly but the US contract edging lower, as...
Published 06 Aug, 2026 07:38am
Exports rise 9.5pc in July

Exports rise 9.5pc in July

Trade gap widens to $3.95bn; officials say budget measures may have a greater impact on exports in the months ahead.
Published 06 Aug, 2026 07:32am
Rains hit industrial activities in Hyderabad

Rains hit industrial activities in Hyderabad

Trade and industry lea­ders have urges the Sindh government to implement concrete measures to ensure the smooth operation of industrial units during the monsoon season in future.
Published 05 Aug, 2026 07:42am
Oil prices drop 5pc

Oil prices drop 5pc

NEW YORK: Oil prices fell more than 5 per cent on Tuesday to a three-week low after comments by Qatari and US...
Published 05 Aug, 2026 07:39am
Note: Updated 7:30 AM (PKT) every morning