Business News
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Fertiliser shortage imperils world food supply | The Express Tribune
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[ad_1] CHICAGO: Sky-high fertiliser prices have farmers worldwide scaling back its use and reducing the amount of land they’re planting, fallout from the Ukraine-Russia conflict that has some agricultural industry veterans warning of food shortages. Western sanctions on Russia, a major exporter of potash, ammonia, urea and other soil nutrients, have disrupted shipments of those…
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Oil jumps 5% as pipeline disruption adds to supply fears | The Express Tribune
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[ad_1] LONDON/NEW YORK: Oil prices jumped 5% to over $121 a barrel on Wednesday as a weather-related disruption to Russian and Kazakh crude exports via the Caspian Pipeline Consortium (CPC) pipeline added to worries over tight global supplies. Brent crude futures were up $5.95, or 5.1%, at $121.43 a barrel as of 12:01 PM EDT…
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Expert laments low cocoon production | The Express Tribune
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[ad_1] HYDERABAD: Cocoon production in Pakistan is extremely low and the annual demand of the country for 750 tons of cocoon is met through imports from China, Iran and Central Asian states, said Sindh Agriculture University (SAU) Sub Campus Umerkot Professor Dr Abdullah Arijo. Addressing a seminar on sericulture on Wednesday, he said that in…
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ML-I upgradation is of great significance to Pakistan | The Express Tribune
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[ad_1] BEIJING: On March 17, China and Pakistan agreed to execute the mega ML-1 railway up-gradation project under the framework of China-Pakistan Economic Corridor (CPEC) on a priority basis. This is a major development and also the implementation of the important consensus of Prime Minister Imran Khan’s meeting with Chinese top leaders during his recent…
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GEPCO seeks non-technical CEO | The Express Tribune
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[ad_1] LAHORE: The engineers of Gujranwala Electric Power Company (Gepco) are anticipating a bleak career outlook as they fear that they may have to serve a non-technical chief executive officer (CEO) of the distribution company. According to the Gepco Engineers and Officers Association, the board of directors of the distribution company had introduced a unique…
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Oil jumps in volatile trade amid CPC pipeline disruption | The Express Tribune
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[ad_1] LONDON: Oil prices rose in volatile trading on Wednesday, supported by disruption to Russian and Kazakh crude exports via the CPC pipeline. Brent crude futures were up $5.16, or 4.5%, at $120.64 a barrel at 1335 GMT. Prices had earlier fallen to a low of $114.45. US West Texas Intermediate (WTI) crude futures rose…
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Govt gets financial relief as China rolls over$4.2b debt | The Express Tribune
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[ad_1] ISLAMABAD: Finance Minister Shaukat Tarin on Tuesday said that China has agreed to rollover $4.2 billion debt that was maturing this week, providing a major financial relief to the government. The $2 billion loan by China’s State Administration of Foreign Exchange (SAFE), has been rolled over, Tarin confirmed to The Express Tribune. The SAFE…
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Oil dips on embargo uncertainty | The Express Tribune
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[ad_1] LONDON: Oil stumbled on Tuesday as the dollar strengthened and it looked unlikely that the European Union would pursue an embargo on Russian oil, a day after prices jumped 7% and also rose earlier in the session. Brent crude fell $0.73, or 0.6%, to $114.89 a barrel by 11:45 AM EST (1645 GMT). US…
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Experts stress food crop diversification | The Express Tribune
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[ad_1] FAISALABAD: Agriculture is the most important sector as food security is a growing concern due to the impact of climate change and rapid increase in population, emphasised Netherlands Ambassador Wouter Plomp. Talking to the trainers of a project titled “Capacity building of small-scale potato growers in Punjab, Pakistan” at the University of Agriculture Faisalabad…
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Citizen’s Portal leaves much to be desired | The Express Tribune
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[ad_1] ISLAMABAD: The Pakistan Citizen’s Portal, launched by the government in 2018, is proving to be ineffective in resolving the concerns of the common man given that a huge number of queries are closed without giving any relief to the complainant. Inam Jamil Anjum, a retired employee of a state-owned bank in Pakistan, also knocked…
