LAHORE/SYDNEY (Reuters/Web Desk) – According to a recent story from Reuters, the price of providing a sandwich with a cup of coffee has skyrocketed throughout Australia’s renowned cafes, pinching revenues and causing a wave of closures for those who managed to weather the Covid collapse. According to economists and thoseRead More →
BRUSSELS Reuters: The European Union and Australia said on Tuesday that negotiations on a proposed free trade deal had fallen short due to outstanding issues, particularly with regard to agricultural exports. Australia and the EU began discussions in 2018, and they had planned to reach a conclusion this week. However,Read More →
(Web Desk) ISLAMABAD – Tuesday saw the announcement by Pakistan’s Finance Minister Ishaq Dar that the country had received $2 billion from Saudi Arabia. This was a significant event considering that the International Monetary Fund (IMF) had been urging Pakistan to find external finance to cover the country’s needs forRead More →
45,000 tonnes of crude oil landed in Pakistan from Russia through Oman. Russian crude oil is being unloaded from a cargo ship at Karachi Port Trust’s PRL Terminal. The shipment of 45,000 tonnes of crude oil from Russia to Pakistan through Oman was the first of its sort in theRead More →
ISLAMABAD : The State Bank of Pakistan (SBP) will publish its monetary policy rate. According to a statement issued by the central bank, the Monetary Policy Committee (MPC) will meet on June 12 to review the country’s overall financial position, economic indicators, and the performance of various internal and externalRead More →
(Web Desk) – Karachi Electric (K-Electric) has asked a three-month adjustment of Rs 5.13 per unit from the National Electric Power Regulatory Authority (NEPRA). Furthermore, the body proposed a hike in the April fuel adjustment of Rs 0.49 per unit. On May 31st, a decision will be taken on K-Electric’sRead More →
SINGAPORE – Oil prices fell on Monday as worries about fuel consumption in the world’s two largest users, the United States and China, outweighed optimistic optimism about tightening supply from potential OPEC+ cutbacks and a restart of US purchases for reserves. Brent crude futures were down 62 cents, or 0.84%,Read More →
Despite receiving confirmation from Saudi Arabia and the United Arab Emirates (UAE), the International Monetary Fund (IMF) has now asked Pakistan to arrange $8 billion in new loans to support external debt repayments over the next seven months in order to ensure that the long-stalled ninth review bailout package isRead More →
(Reuters) – The Securities and Exchange Commission (SEC) said on Friday that it had made its largest-ever payout of over $279 million to a whistleblower whose information aided the regulator’s enforcement action. In its statement, the agency did not name the instance in question. The award is more than twiceRead More →
LAHORE – Three World Bank, Asian Development Bank (ADB), and Agence Française de Developpement (AFD) teams met separately with NTDC Managing Director Engr. Dr. Rana Abdul Jabbar Khan today at WAPDA House Lahore to evaluate the status of different existing and planned projects. The foreign delegations of the lenders, alongRead More →
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