Business News
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Oil prices plunge over 5% to lowest levels since January
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[ad_1] In this file photo taken on April 23, 2020 Pump jacks operate near Loco Hills in Eddy County, New Mexico. — AFP LONDON: World oil prices plunged more than 5% Monday, reaching the lowest levels since January, on forecasts…
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SSGC seeks tariff increase of Rs667 per mmbtu | The Express Tribune
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[ad_1] ISLAMABAD: Sui Southern Gas Company (SSGC) has sought a massive increase of Rs667.44 per million British thermal units (mmbtu) in gas prices for financial year 2022-23. The Oil and Gas Regulatory Authority (Ogra) held a public hearing on Monday…
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Pakistan’s default risk worsens | The Express Tribune
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[ad_1] KARACHI: The perception of Pakistan’s risk of default has worsened with the five-year credit default swap (CDS) surging by 30 percentage points in a week to 93% on Monday ahead of the repayment of $1 billion for a maturing…
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China helps 35 Pakistani students to become e-commerce owners | The Express Tribune
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[ad_1] With the mutual cooperation of Islamabad and Beijing, a total of 35 Pakistani students have been able to become owners of e-commerce companies in the country. According to Express News, in order to inculcate the immaculate Chinese business expertise…
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Gold edges upward as rupee depreciation boosts appeal
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[ad_1] A re[resentational image of gold jewellery. — AFP/File KARACHI: Gold price in Pakistan extended gains from last week as the continuous depreciation of rupee against the US dollar boosted the appeal of the safe-haven asset. Data released by the…
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Rupee continues to falter against US dollar
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[ad_1] A representational image of Pakistani notes of Rs10, 20, 50, 100, 500, 1,000 and coins of Re1, Rs2 and Rs5. — AFP/File KARACHI: The value of the US dollar touched Rs231 in the open market on Monday with the…
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October current account deficit widens 56% to $567m MoM
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[ad_1] A representational image of the US dollars. — AFP/File KARACHI: Pakistan’s current account deficit yawned $204 million or 56% to $567 million for October 2022 as compared to September’s $363 million, month-on-month (MoM), while it shrank 68% year-on-year (YoY),…
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Govt kicks off process to import more wheat | The Express Tribune
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[ad_1] KARACHI: The federal government has started the process of importing another 500,000 metric tonnes of wheat in the wake of its shortage following the recent devastating floods in several parts of the country. The Trading Corporation of Pakistan has…
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‘The youth is the future’: just an exploitative slogan | The Express Tribune
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[ad_1] ISLAMABAD: “The youth is the future of any country”; a common catch-phrase that government officials never forget to highlight in their public pronouncements. Development agencies including the United Nations, IGOs and local organisations make the inclusion of the youth…
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UN climate summit adopts ‘loss and damage’ fund
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[ad_1] COP27 climate summit President Sameh Shoukry claps during the closing plenary at the COP27 climate summit in Red Sea resort of Sharm el-Sheikh, Egypt, November 20, 2022. — Twitter/COP27P SHARM EL-SHEIKH: The UN’s COP27 climate summit approved on Sunday…
