Business News
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Oil price cut to eat up Rs28 billion | The Express Tribune
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[ad_1] ISLAMABAD: The government is going to pay a heavy sum of Rs28 billion to keep petroleum product prices at current levels for a fortnight amid swelling global crude oil prices because of the ongoing Russia-Ukraine conflict. Earlier, Prime Minister…
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Russia may suspend grain exports until June 30 | The Express Tribune
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[ad_1] HAMBURG/PARIS: Russia may suspend exports of wheat, barley, maize (corn) and rye starting from Tuesday until June 30, the Interfax news agency reported on Monday, citing the agriculture ministry. Russia is the world’s largest wheat exporter with Egypt and…
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Saeed lauds overseas Pakistanis | The Express Tribune
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[ad_1] ISLAMABAD: Overseas Pakistanis living in different parts of the world sent over $30 billion back home last year, giving a boost to the national exchequer, said Minister for Communications and Postal Services Murad Saeed. Addressing a three-day Overseas Pakistanis…
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Sweden plans $1.5b subsidies against soaring prices | The Express Tribune
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[ad_1] STOCKHOLM: Sweden announced plans Monday for a $1.45 billion (€1.32 billion) subsidy package to help Swedes cope with soaring prices resulting from Russia’s invasion of Ukraine on the heels of winter’s sky-high energy prices. The proposed subsidies include a…
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US benchmark WTI oil price sinks 5% on Ukraine, China
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[ad_1] — AFP LONDON: US benchmark oil West Texas Intermediate slid Monday on Ukraine peace hopes and after major consumer China imposed a Covid lockdown on the tech hub of Shenzhen. WTI slid almost 5.1% to $103.80 per barrel, while…
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CCP slaps Rs1.1 billion penalty on two home appliances firms | The Express Tribune
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[ad_1] KARACHI: The Competition Commission of Pakistan (CCP) has imposed a fine of Rs1.1 billion on two home appliances firms for violation of section 4 of the Competition Act, 2010. According to a statement issued on Monday, both companies entered…
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Market watch: KSE-100 dips amid thin volumes | The Express Tribune
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[ad_1] KARACHI: The Pakistan Stock Exchange endured a lacklustre trading session on Monday, as the benchmark KSE-100 index succumbed to across-the-board selling pressure in the absence of positive triggers and closed in the red. Persistent volatility on the international and…
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Oil falls $7 on Russia-Ukraine talk hopes, China lockdowns | The Express Tribune
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[ad_1] LONDON: Oil prices fell around $7 a barrel on Monday as investors pinned hopes on diplomatic efforts between Ukraine and Russia to end their conflict, while a surge in Covid-19 cases in China spooked the markets. Brent was down…
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Good move for the economy | The Express Tribune
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[ad_1] KARACHI: It is our thinking that institutions do exist to prevent us from developing but at the same time we should see that the rapidly growing economies like Hong Kong, Singapore, South Korea and Taiwan have borrowed from different…
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Cheaper petrol for the poor | The Express Tribune
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[ad_1] ISLAMABAD: Petroleum product prices have been reduced by the government despite rising international prices, which first crossed $100 per barrel mark and have now approached $130. The issue has been compounded by the Ukraine conflict. In Pakistan, petroleum prices…
