Category: News

OPEC+ Agrees to Raise Oil Production Targets from Aug

LONDON: OPEC+ on Sunday agreed to increase oil production targets from August, adding to global supply as oil prices eased following the gradual reopening of the Strait of Hormuz. Read More: https://epaper.brecorder.com/2026/07/06/1-page/1110720-news.html

PSX Rises as Banking and Energy Stocks Lead Gains

Pakistan Stock Exchange (PSX) closed modestly higher on Tuesday as improved investor sentiment, supported by declining international oil prices and encouraged select buying in key sectors helped the benchmark index recover part of the losses recorded in the previous session. Read More: https://epaper.brecorder.com/2026/06/03/1-page/1105507-news.html

Pakistani Rupee Appreciates Slightly Against US Dollar

KARACHI: The Pakistani rupee extended its gains against the US dollar on Monday, appreciating 0.01% in inter-bank trading. By the close of the session, the local currency settled at 278.67 per dollar, improving by Rs0.03 compared to Friday’s closing rate of 278.70. Read More: https://epaper.brecorder.com/2026/05/12/1-page/1102331-news.html

Pakistan Receives Record USD33.9bn Remittances in 10 Months

Pakistan’s home remittances maintained a robust growth trend, reaching an all-time high of nearly $34 billion during the first 10 months of FY26. The sharp increase was largely supported by stronger inflows from Gulf Cooperation Council (GCC) nations, reflecting continued confidence and contribution from overseas Pakistanis. Read More: https://epaper.brecorder.com/2026/05/12/1-page/1102327-news.html

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