Business News
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Brent crude soars to near 14-year high of $140 per barrel
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[ad_1] The prices of Brent oil have risen to a near 14-year high of $140 per barrel — AFP NEW YORK: Brent crude oil prices soared to a near 14-year high of $140 per barrel on Sunday as traders fretted over the fallout from Russia’s invasion of Ukraine. Brent North Sea crude oil for May delivery reached…
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KSE-100 nosedives over political turmoil | The Express Tribune
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[ad_1] KARACHI: The Pakistan Stock Exchange endured a hammering on the first day of the week as the KSE-100 index slipped over 1,300 points in intra-day trading driven by political turmoil and spike in global benchmarks. Sharp increase in international oil price past $130 per barrel mark motivated investors to adopt a dump and run…
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Market watch: Stocks tumble on geopolitical shock | The Express Tribune
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[ad_1] KARACHI: Bears held sway at the Pakistan Stock Exchange on Monday as the benchmark KSE-100 index nosedived 1,284 points owing to escalating geopolitical tensions that sent prices of global commodities to multi-year highs. The deteriorating situation between Russia and Ukraine disrupted global supplies, resulting in swelling of prices of crude oil and essential commodities,…
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Controlling smog and air pollution | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan faces significant air pollution and smog mostly in dry and cold months from November to January every year. The situation in central Punjab has worsened over the past decade as life comes to a standstill during prolonged dry and cold conditions in winter months in major cities like Lahore, Faisalabad and Gujranwala.…
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Global developments and Pakistan | The Express Tribune
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[ad_1] ISLAMABAD: Russia’s invasion of Ukraine and the imminent hike in interest rates in the United States are likely to significantly impact Pakistan’s economy. Moscow’s decision to move its troops into Ukraine and the retaliatory sanctions imposed by the western countries on Russian financial and government entities is fraught with serious geostrategic implications. In the…
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Inculcating saving behaviour into youngsters | The Express Tribune
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[ad_1] KARACHI: Pakistan as a country has been struggling to take benefit and ride the tide of industrial revolution. Our investments, specifically in the export-related sectors, have been considerably lower than the optimal and we have not been able to prioritise sectors which would support import substitution. One of the key causes for the same…
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Making Pakistan conducive for investment | The Express Tribune
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[ad_1] KARACHI: On the global economic front, Pakistan punches well below its weight. It is a youthful country, whose population’s median age is under 23 years, blessed with abundant human and natural resources. Yet, for years, Pakistan has lagged behind other nations in this region in terms of economic growth. The country’s real GDP is…
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Cyber defence policy needs rethink | The Express Tribune
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[ad_1] ISLAMABAD: Thirty six years ago, Alvi brothers of Lahore received hundreds of phone calls when the infamous Brain Virus infected thousands of computers in the UK, Europe and the US with a message “Beware of Brain Virus. Contact us for Vaccination.” Although the virus was activated only when their medical software was illegally copied,…
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ECB policymakers reckon with impact of war on doorstep of eurozone
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[ad_1] The European Central Bank. Photo: AFP FRANKFURT: Russian President Vladimir Putin’s invasion of Ukraine has added an extra layer of complexity to the decisions facing European Central Bank policymakers as they meet on Thursday. Already managing record inflation figures and a fragile recovery from the impact of the coronavirus pandemic, members of the bank’s…
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Global economy trapped in chaos | The Express Tribune
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[ad_1] PUBLISHED March 06, 2022 KARACHI: Last month, the world was rocked by another unprecedented event that sent shockwaves throughout the globe and placed major nations on the brink of another world war. Despite being predicted for the past many days, the Russian invasion of Ukraine came as a surprise for everyone. Developed western nations…
