Market News
METTIS GLOBAL• Oct 21, 2026Oil reclaims $110 on rising Middle East shipping risks
Oil prices edged up on Wednesday amid mounting concerns over supply disruptions, as attacks on shipping routes spread beyond the Strait of Hormuz and threats to Saudi Arabia’s energy infrastructure heightened market uncertainty.
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THE EXPRESS TRIBUNE• Oct 21, 2026
NCCIA arrests suspect in Lahore over Rs35bn fraudThe National Cyber Crime Investigation Agency (NCCIA) has arrested Faheem Akram in Lahore for his alleged role in an online fraud worth Rs35 billion involving counterfeit American postage stamps.METTIS GLOBAL• Oct 21, 2026
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DAWN• Oct 21, 2026
Pakistan Customs fixes import valuation of fragrance and cosmetics chemical at $9.80/kgFBR sets uniform customs value for imports from all countries, replacing a valuation ruling issued in May 2015 after reviewing international prices and 90-day import data...
PROFIT BY PAKISTAN TODAY• Oct 21, 2026
US spice maker McCormick announces plan to acquire majority stake in Unilever Pakistan FoodsMcCormick intends to acquire 4.88 million shares in the Pakistani company through an agreement, with a public offer to be made in accordance with Pakistan’s takeover regulations, the announcement said.
BUSINESS RECORDER• Oct 21, 2026
Dire Straits? Not for Gulf oil as flows top prewar markOil shipments from the Persian Gulf have risen above their prewar levels, as a makeshift shipping arrangement backed by the US helps tankers get crude through the Strait of Hormuz despite one of the fiercest waves of Iranian attacks yet.METTIS GLOBAL• Oct 21, 2026
