Browsing: Business

On April 13, 2026, the Iranian Rial has surged nearly fourfold against the Pakistani Rupee, driven by cross-border trade and speculation on US-Iran diplomacy.

Germany will cut fuel taxes by 17 euro cents for two months to ease energy costs amid Middle East war, while warning of prolonged economic challenges.

Finance Minister Aurangzeb outlines Pakistan’s reform priorities, highlighting energy management, debt repayment, and trade growth at Harvard panel.

Pakistan Stock Exchange drops more than 5,000 points as US-Iran talks collapse and oil prices exceed $104 per barrel, fueling market uncertainty.

Analysts highlight a widening gap between physical and paper oil prices, indicating a more severe energy shock impacting global supply chains.

On April 13, 2026, gold and silver prices in Pakistan fell following global trends influenced by geopolitical developments involving the US and Iran.

OGRA fined a Muzaffargarh petrol pump Rs11 million for mixing chemicals in fuel and illegal hoarding of over 135,000 litres of petrol and diesel.

Crude oil prices jump over 8% past $100 as US-Iran peace talks collapse and Trump orders naval blockade of Iranian ports, impacting global markets.

Oil prices climbed above $100 per barrel following the collapse of US-Iran negotiations, intensifying fears of a worsening global energy crisis.

Oman’s energy ministry initiates bidding for five oil and gas blocks to attract investment and enhance hydrocarbon development.