Oil Climbs Above $101 as Gulf of Mexico Storm and Middle East Attacks Raise Supply Risks
Brent rose above $101 a barrel as a strengthening Gulf of Mexico storm and renewed Middle East security risks increased concerns over oil supply.
Pakistan business, companies, markets, investment and industry news.
Brent rose above $101 a barrel as a strengthening Gulf of Mexico storm and renewed Middle East security risks increased concerns over oil supply.
The World Bank expects the MENAAP economy to contract 2.1% in 2026 after 3.3% growth in 2025 as conflict and energy disruption weigh on the regional outlook.
The World Bank now expects South Asia to grow 6.9% in 2026, 0.6 percentage points above its previous forecast, while warning of oil, weather and market risks.
Pakistan's KSE-100 index ended the week around 168,155, down 2,610 points or 1.5%, as investors weighed the IMF review, geopolitical tensions and elevated oil prices.
The World Bank's Independent Evaluation Group rated the outcome of the $93.1 million Sindh Solar Energy Project moderately unsatisfactory after utility-scale projects were not completed by closing.
Pakistan's Maritime Affairs Ministry has ordered faster work on a proposed one-window facilitation centre in Karachi for businesses dealing with ports and maritime services.
Pakistan is preparing to establish a national compliance authority as the government pushes exporters to meet sustainability, compliance and production standards required by international markets.
Pakistan has told the IMF it aims to privatise nine electricity distribution companies by December 2027, with the first three targeted for early 2027.
Pakistan's urea sales reached 611,000 tonnes in September, up 43% year-on-year, while industry inventory fell to a nine-month low of about 650,000 tonnes.
Pakistan has relaxed rules for commercial imports of used vehicles, removing a minimum-capital requirement and widening eligibility to tax-registered individuals and firms.
Pakistan’s domestic cement dispatches rose 7.35% year-on-year to 3.788 million tonnes in September 2026, while total dispatches increased 5.95%.
The Cabinet’s Regulatory Reforms Committee has approved 557 reforms across seven multi-sector areas, with the government estimating annual savings of Rs460 billion.
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