Oil prices rose on Thursday as investors worried about new Russian penalties that might slash already-dwindling supplies, while major equities markets fell due to rising inflation and central bank intentions to raise interest rates dramatically. The recent equities rise appears to have run its course for now, as investors keepRead More →
As investors and traders considered the latest developments in the Ukraine crisis and more hawkish statements from US Federal Reserve officials, Asian stocks dipped on Thursday (March 24), while the sell-off in US Treasuries stalled and oil prices increased. The Nikkei 225 index of Japan started the morning session downRead More →
RIYADH, Saudi Arabia (AFP) – Saudi Aramco announced on Sunday that its net profit for 2021 increased by more than 120 percent owing to higher crude prices, as global economic growth rebounded from a pandemic-induced dip. The declaration came just hours after Yemen’s Huthi rebels, against whom Saudi Arabia leadsRead More →
ISLAMABAD, Pakistan – On Saturday, Prime Minister Imran Khan stated that timely steps to reduce the current account deficit are bearing fruit. The Prime Minister stated in a tweet that the current account deficit reduced to $0.5 billion in February, which is $2 billion less than in January and theRead More →
ISLAMABAD, Pakistan (APP) – Shaukat Tarin, Minister of Finance and Revenue, stated that the country was on solid economic footings, citing the most recent statistics on important economic indices. The finance minister mentioned substantial industrial growth in February and a considerable fall in inflation in the previous week on hisRead More →
On Friday, President Dr. Arif Alvi launched the Asaan Karobar Program in Islamabad, with the goal of enhancing the business climate in Pakistan, particularly for Small and Medium Enterprises. In his remarks at the occasion, the President stated that Pakistan has made several initiatives to improve the ease of doingRead More →
Khalid Mansoor, Special Assistant to the Prime Minister on CPEC Affairs, stated that CPEC-related projects are being completed on a timely basis across the country. Speaking at a ceremony in Islamabad on Thursday, he said the country is promoting industrialisation and making it easier for investors to invest.Read More →
Pakistan’s exports increased by 32.7 percent in the first eight months of the current fiscal year compared to the same period previous year in currency terms According to the Pakistan Bureau of Statistics, exports for July-February (2021-22) totaled 3.52 trillion rupees, compared to 2.65 trillion rupees during July-February 2020-21.Read More →
Asian markets received a much-needed boost Wednesday as Hong Kong’s tech titans led a comeback in the city following their recent fall, while oil prices soared back above $100 but remain under pressure from concerns about Chinese demand. While the gains are encouraging, more volatility is predicted as Russia continuesRead More →
ISLAMABAD, Pakistan (APP) – Federal Minister for Finance and Revenue Shaukat Tarin met with a team from the Pakistan Pharmaceuticals Association (PPMA) led by its chairman, Qazi M Manzoor, on Tuesday in Islamabad. According to a ministry news statement, the PPMA chairman praised the finance minister for addressing the concernsRead More →
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