HONG KONG (Reuters) – As a result of U.S. inflation figures and comments from central bank officials, investors are concerned that interest rates will be higher for a longer period of time. On Wednesday, Asian markets declined while the U.S. dollar remained steady. Headline January’s U.S. CPI came in atContinue Reading
ISLAMABAD – Tuesday, in response to another demand of the International Monetary Fund (IMF), the administration voted to raise sales tax. In this respect, Ministry of Finance officials have handed the international lender a draught of the Medium-Term Economic Framework (MEF). Tomorrow, the IMF will answer again to the MinistryContinue Reading
LAHORE – Following a disagreement with the provincial food department over the suspension of the wheat quota, flour millers have called a strike starting on Monday (tomorrow) across Punjab. It is expected that the declaration may result in a flour scarcity in Lahore and other province-wide cities. According to sources,Continue Reading
ISLAMABAD – Prime Minister Shehbaz Sharif launched loan and laptop programmes for youngsters on Tuesday as part of an attempt to promote self-employment and entrepreneurship. Addressing a ceremony in Islamabad, he said that persons between the ages of 21 and 45 might benefit from a loan of up to Rs7.5Continue Reading
ISLAMABAD : Monday’s price of 24 karat per tola gold was Rs 3,300 more than the previous day’s price of Rs183,900. All Sindh Sarafa Jewellers Association said that 10 gramme 24 karat rose by Rs2829 to Rs160,494 from Rs157,665, while 10 gramme 22 carat rose to Rs147,119 from Rs144,526. PerContinue Reading
ISLAMABAD: The government said on Friday that airports in Islamabad, Lahore, and Karachi would be outsourced in order to attract foreign direct investment and give “world-class amenities” to travellers. The decision was made at a meeting hosted by Prime Minister Shehbaz Sharif to examine aviation issues, according to a pressContinue Reading
ISTANBUL (REUTERS) – The lira of Turkey, which has lost about 30% of its value versus the dollar this year, hit a record low of 18.75 on Monday, moving lower following a period in which Ankara adhered to policies that strictly controlled the currency rate. The lira was 0.35% lowerContinue Reading
MOSCOW (REUTERS) – On Monday, the Russian rouble moved up against the dollar, gaining some ground after seeing its biggest weekly decline since early July due to concerns about how sanctions on oil and gas might affect Russia’s export earnings. Following the implementation of an oil embargo and price cap,Continue Reading
BRUSSELS (Reuters ):After months of negotiations that have so far failed to break the impasse between states divided over whether the move will relieve Europe’s energy crisis, members of the European Union will attempt to reach an agreement on an EU-wide cap on gas prices on Tuesday. The European Union’sContinue Reading
Tokyo ( Rueter) Japan’s economy, the third-largest in the world, shrank less than initially predicted in the third quarter, supporting the idea that it is slowly emerging from COVID-19 gloom even as major export markets continue to weaken. Separate data revealed that the economy had experienced its first current accountContinue Reading
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