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Mari Energies Limited (MARI), one of Pakistan’s largest exploration and production companies (E&P), has disclosed that it is actively engaging with global mining giants Rio Tinto and BHP to attract foreign investment and unlock Pakistan’s untapped mineral potential. According to details shared during the company’s analyst briefing, which was attended by brokerage house AKD Securities, Mari Energies is conducting geological surveys in collaboration with foreign operators as part of its diversification strategy into the mining sector. “Management disclosed engagements with global mining firms such as Rio Tinto and BHP to monetise Pakistan’s mineral potential. The upcoming financial close of Reko…

OPEC+ yesterday approved a fresh increase in production, albeit a limited one of 137,000 barrels per day. And although oil prices rose slightly after the announcement, they still remain in a narrow trading range, with Brent crude hovering just above $65 per barrel.   This development carries a two-edged implication. On one side, it is good news for energy-consuming nations — including the United States. On the other, it is bad news for oil producers — including, paradoxically, the US itself.   The Wall Street Journal reported that Saudi Arabia’s strategy to lead the rollback of production cuts amounts to…

A depreciating US dollar could have an immediate impact on export-focused sectors in many countries, as well as banks with significant lending to them, according to S&P Global Ratings.“The most immediately exposed sectors and geographies are those where a weaker US dollar could strain volumes and revenues or compress margins, especially if they are exposed to US tariffs and lack a production footprint in the US,” said credit analyst Xavier Jean.“Financial institutions with meaningful corporate lending to export-oriented small to medium-sized enterprises [SMEs] could see pressure on their asset quality.”This is particularly the case for the Thai, Taiwanese and Cambodian…

A depreciating US dollar could have an immediate impact on export-focused sectors in many countries, as well as banks with significant lending to them, according to S&P Global Ratings.“The most immediately exposed sectors and geographies are those where a weaker US dollar could strain volumes and revenues or compress margins, especially if they are exposed to US tariffs and lack a production footprint in the US,” said credit analyst Xavier Jean.“Financial institutions with meaningful corporate lending to export-oriented small to medium-sized enterprises [SMEs] could see pressure on their asset quality.”This is particularly the case for the Thai, Taiwanese and Cambodian…

China appears to be making progress on its fourth aircraft carrier at a shipyard in the country’s northeast, according to satellite images, another key part of the navy’s modernisation drive.Commercial satellite images posted to Chinese social media show new hull sections at the shipyard in Dalian, Liaoning where the warship – known as the Type 004 – is believed to be being built.The hull sections are visible in the satellite imagery from late September but were not seen in images from August.Satellite images of the shipyard are being closely watched for signs of progress. Photo: HandoutOther hull sections believed to…

Gold prices in Pakistan increased on Tuesday in line with their gain in the international market. In the local market, gold price per tola reached Rs435,100, a new all-time high, after an increase of Rs6,900 during the day. As per the rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), 10-gram gold was sold at Rs373,028 after it accumulated Rs5,916. On Monday, gold price per tola reached Rs428,200 after an increase of Rs5,500 during the day. The international rate of gold also saw an increase today. The rate was at $4,140 per ounce (with a premium of $20),…

The death of a South Korean student in Cambodia, leading to Seoul summoning the Cambodian ambassador, is set to dent tourism and Phnom Penh’s reputation in the eyes of the Korean public, but ties between both sides may not be drastically affected, according to analysts.Last Friday, Foreign Minister Cho Hyun summoned the Cambodian ambassador in Seoul to protest the death of the student, linked to an employment scam in Cambodia. Cho also called for stronger measures to tackle the rising number of online scams and kidnappings targeting South Koreans.On Tuesday, Cho’s ministry noted that 80 South Koreans who were possible…

A plan to construct South Korea’s first civic nuclear bunker in the country’s capital has raised eyebrows, as critics question both its practicality and potential to inflame public anxiety amid growing threats from the nuclear-armed North.Seoul Metropolitan Government’s plan reflects both the growing unease over Pyongyang’s advancing nuclear arsenal and broader global instability, analysts say.City officials have confirmed that the underground fallout shelter will be built beneath a new public housing complex in southeastern Seoul’s Songpa district by 2028.Designed to withstand nuclear, chemical and biological attacks, the facility aims to offer refuge to up to 1,000 people for as long…

Inflows through the Roshan Digital Account (RDA) clocked in at $196 million in Septemeber, reflecting an increase of 20% compared to $164 million in August 2025, the State Bank of Pakistan (SBP) said on Tuesday. Out of the total September inflows, $19 million has so far been repatriated, while funds to the tune of $117 million have been utilised locally. The central bank shared that the total number of RDA accounts opened reached 862,357 from 851,756 a month ago at the end of August, showing a month-on-month increase of 10,601 accounts. As per the latest data available on the SBP’s…

GRINDAVIK, Iceland (AP) — Vignir Kristinsson smiles as two women, the only customers all morning, enter his gift shop filled with handmade things of oak. After perusing decorations ranging from animals to kitchen cutting boards, one woman bought a small black-stained tree.After decades of making cabinets for a living, Kristinsson, 64, said his daughter persuaded him to turn passion for woodworking into a business. Five years ago he and his wife opened the shop in Grindavik, a coastal town of 3,800 people about 50 kilometers (30 miles) southwest of Iceland’s capital, Reykjavik. Business was good. Craftsman Vignir Kristinsson helps a…