🗞 All News — Day by Day
Saudi
Houthi rebels attacked Saudi cities and oil installations for a second day with missiles and drones, escalating regional conflict and raising fears of broader war.
USA
Canada's crude exports to the US, particularly the Gulf Coast, are expanding, with record volumes and significant market share.
A broad-based commodity rally, including energy, agriculture, and metals, has entered a "dangerous new phase" with indices hitting multi-year and record highs.
USA
US crude oil inventories fell by 300,000 barrels last week, pushing oil prices above $100 per barrel due to tightening supply.
USA
Impact on Gold US 10-year Treasury yields reached 2023 highs on Wednesday, driven by disappointment over bond buybacks and rising Fed rate hike expectations as oil prices surged past $100.
USA
Impact on Gold The U.S. Administration is exploring measures to involve American companies in Venezuela's potentially vast gold and critical minerals sector.
Belarusian oil refineries posted decade-high profits in 2026, supplying record gasoline and diesel volumes to Russia amid its refining crisis.
Pakistan
Pakistan's government has increased petrol price by Rs3.40 to Rs367.75/litre and diesel by Rs6.72 to Rs392.67/litre, effective September 10.
Uganda is set to enter the oil export market with its new Pearl Sweet grade, targeting 230,000 b/d despite logistical challenges.
Pakistan
Auto experts warn that reduced duties on imported vehicles (CBU) risk devastating Pakistan's local auto parts industry and 300,000 jobs.
Pakistan
Pakistan's Finance Minister reviewed progress on SME, agriculture, and housing financing, setting ambitious targets for expansion by June 2028 to boost economic growth.
Pakistan
Impact on Gold 24K gold is Rs 451,384 per tola (Rs 386,989 per 10 grams) as of 9:17 PM PKT on 9 September 2026.
UK
Bank of England Governor Andrew Bailey warned that the ongoing Iran conflict could further raise energy prices, pushing UK inflation above 4% next year and stoking global inflation fears.
ExxonMobil and partners announced a new oil discovery at the Vicango Este-01 well, marking the 20th find in Angola's deepwater Block 15.
Ukrainian drones targeted Russia's Novorossiysk oil terminal in the Black Sea, killing four and sparking a fire, raising geopolitical tensions and oil supply concerns.
Pakistan
India's central bank likely stepped in to support the rupee, which was pressured by rising oil prices and dollar outflows, traders reported.
China
China's Sinopec expects the nation's oil demand to fall 8.9% by 2026, driven by higher prices and rapid electric vehicle adoption.
Oil traders are focusing on shorter-dated futures contracts, within three to six months, due to heightened uncertainty and volatility from ongoing wars in Iran and Ukraine.
Pakistan
The Reserve Bank of India is deploying dollar/rupee sell-buy swaps to manage surplus rupee liquidity from overseas deposits, impacting forward premiums.
Industry warns a worsening global diesel shortage due to refining capacity shortfalls will keep fuel prices high, raising goods costs and challenging central bank inflation goals.
India
Indian refineries are running at 105-108% capacity due to soaring diesel demand and tightening international fuel markets amid the Middle East crisis.
Iraq has reportedly asked OPEC to set its future crude oil production quota baseline at 6 million barrels per day, significantly above its current 3.37 million bpd output.
Pakistan
Impact on Gold Pakistan's gold market saw prices increase by Rs800 per tola, reaching Rs462,936, mirroring an $8 gain in international bullion to $4,404 per ounce.
Prime Minister Shehbaz Sharif directed banks to increase lending to agriculture, SMEs, and housing sectors to stimulate economic growth and employment under the Access to Finance Plan 2026-28.
USA
Impact on Gold The South African rand held steady against a weak dollar, supported by firmer gold prices, as traders await key US inflation data.
USA
Impact on Gold China's yuan rose to a 3.5-year high against a softer US dollar, driven by strong exports and inflation data, with traders eyeing upcoming US CPI for Fed cues.
Pakistan
Pakistan received $3.656 billion in overseas workers' remittances for August 2026, a 16.5% year-on-year increase, bolstering the nation's external account.
China
China's August inflation rose, driven by higher energy costs and Middle East tensions, while domestic demand remained subdued, leading to mixed stock performance.
The global platinum market is set for its first annual surplus since 2022 due to weaker investment and jewellery demand, according to the WPIC.
USA
Impact on Gold Bitcoin surged past $79,000 on Zcash ETF inflows, though Federal Reserve policy and crude oil price pressures limited further upside.
Crude oil prices rose over $1 due to renewed Middle East attacks, while Malaysian palm oil futures extended losses amid profit-taking.
Lundali-1 well in Sindh, backed by OGDCL and Mari Energies, has commenced gas production, supplying 10 MMscfd to SSGC.
Pakistan
Impact on Gold Global bullion softens as markets await key US inflation data; local gold in Pakistan drops Rs1,000/tola, while the rupee extends gains against the dollar.
Pakistan
Pakistan's oil sector has rejected a new price formula, cautioning that the ninth government intervention could severely disrupt the supply chain.
Pakistan
Pakistan's government has approved another 200,000 tonnes of sugar exports, marking the second such decision in three weeks, despite previous exports driving domestic prices to Rs220 and ignoring IMF
USA
Oil prices surged towards $100 a barrel after the U.S. destroyed five Iranian crude tankers and Iran targeted U.S. forces in Jordan, marking a major escalation.
USA
The US has banned Canadian alcohol, motorcycle, and dairy imports, sharply escalating an ongoing trade dispute after retaliatory tariffs.
Pakistan
Impact on Gold India's rupee faces extended losses as Brent crude approaches $100, testing the central bank's ability to defend the currency amidst rising oil prices and potential Fed rate hikes.
FPCCI warns Hyderabad's economy faces an existential threat due to a complete absence of new industrial development and decay of existing zones.
Pakistan
Pakistan Railways and ADB completed a pre-market consultation for the $2.5 billion ML-1 upgradation, drawing 134 firms for the Karachi-Rohri section.
Pakistan
Pakistan's exchange companies reported a 30% year-on-year increase in dollar sales to banks in August, signaling higher inflows despite regional conflicts.
Pakistan
Pakistan's FBR has launched a digitally operated algorithmic settlement mechanism and a faceless regime for audit, assessment, and appeals to streamline tax proceedings and facilitate taxpayers.
Pakistan
Karachi's SITE industrialists warn that rising petroleum prices, high production costs, and heavy taxation could lead to industry closures, undermining exports and jobs.
A Senate panel questioned the proposed privatisation of power distribution companies, citing high recovery rates and recommending fresh consideration by the Council of Common Interests (CCI).
Pakistan
Diplomats and businessmen urged a more structured economic partnership between Pakistan and ASEAN to expand trade and investment beyond USD 10 billion.
FBR urged small shopkeepers and retailers to adopt a new fixed tax scheme offering simplified compliance, a one-page return, and 1% turnover tax (min Rs 25,000).
Pakistan
Pakistan Automotive Manufacturers Association (PAMA) urged PM Shehbaz Sharif to swiftly announce a new auto policy, warning delays threaten the industry's survival and economic contribution.
Pakistan
Islamabad High Court forms a larger bench to hear a plea against PTI's Sept 27 protest, citing potential business disruption and constitutional implications.
Pakistan
Pakistan Goods Transport Alliance announced a 5% increase in fares, reacting to recent hikes in petroleum product prices across the country.
Pakistan
Impact on Gold FPCCI President Atif Ikram Sheikh expressed grave concerns over Pakistan's macroeconomic stability due to volatile global oil prices and high domestic levies.