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HOUSTON: Oil prices pulled back from multi-month highs reached earlier on Friday, as Israeli airstrikes appeared to spare Iranian oil infrastructure. Despite the retreat, prices remained nearly 6% higher amid investor concerns that escalating tensions could threaten Middle East oil supplies. Brent crude rose by $4.11, or 5.9%, to $73.47
KARACHI: The Pakistani rupee depreciated by 0.07% against the US dollar on Thursday. At the close of trading, the local currency stood at 282.67, down by Re0.20 compared to the previous day. On Wednesday, the rupee had closed at Rs282.47 against the greenback. Globally, the US dollar weakened on Thursday
KARACHI: Pakistan’s total liquid foreign exchange reserves recorded a modest rise of $277 million during the past week. According to the State Bank of Pakistan’s (SBP) weekly report released on Thursday, the country’s total liquid foreign exchange reserves reached $16.875 billion as of June 6, 2025, up from $16.598 billion
KARACHI: The Pakistani rupee weakened against the US dollar on Wednesday, depreciating by 0.09% during the trading session. By the close of the day, the local currency settled at Rs282.47, marking a decline of Re0.26 compared to Tuesday’s closing rate of Rs282.21. On the global front, both the US dollar
