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Energy imports drop 13% to $1.42 billion in Nov | The Express Tribune
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[ad_1] KARACHI: Pakistan experienced a 13% decline in overall energy imports, reaching $1.42 billion in November 2023, shedding light on subdued demand for petroleum, oil, and gas products. Economic activities remained lacklustre due to sluggish growth, and the recent surge…
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Will petrol price in Pakistan drop?
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[ad_1] Motorists wait to fill their vehicles’ tanks at a petrol station in Islamabad on June 2, 2022. — AFP ISLAMABAD: The caretaker government could reduce the price of petroleum products in the upcoming fortnightly review, people familiar with the…
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WeWork files for bankruptcy after drop in shares
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[ad_1] The WeWork logo is displayed outside of an office space rental location in Santa Monica, California on March 20, 2023. — AFP WeWork, the shared office giant backed by Japanese technology group SoftBank, announced Monday that it had filed…
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SoftBank Group’s co-working space provider WeWork files for bankruptcy after drop in shares
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[ad_1] The WeWork logo is displayed outside of an office space rental location in Santa Monica, California on March 20, 2023. — AFP WeWork, the shared office giant backed by Japanese technology group SoftBank, announced Monday that it had filed…
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Rupee rebounds to Rs278.81 against US dollar after sharp drop | The Express Tribune
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[ad_1] KARACHI: Despite recent setbacks, the Pakistani rupee exhibited resilience, quickly recovering to a rate slightly below Rs279 against the US dollar in the inter-bank market on Thursday. This positive turn of events can be attributed to the assurance from…
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Sharp drop in worker remittances | The Express Tribune
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[ad_1] KARACHI: The inflow of workers’ remittances sent home by overseas Pakistanis through official channels remained low at $2.09 billion in August 2023, adding to pressure on the country’s capacity to pay for imports and repay the maturing foreign debt….
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Oil falls as rate hike fears offset inventory drop | The Express Tribune
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[ad_1] LONDON: Oil fell on Wednesday, giving up earlier gains, as worries over further interest rate hikes and slowing demand offset support from an industry report showing a larger-than-expected drop in US crude inventories. Benchmark Brent crude prices are down…
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Will mobile prices drop in Pakistan?
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[ad_1] A representational image of mobile phones. — Canva ISLAMABAD: As the mobile industry reels from the impact of the economic crunch triggered by high taxes and restrictions on imports, the government has decided to consider budget proposals submitted by…
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Gold registers Rs1,100 drop in outgoing week
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[ad_1] This undated file photo shows gold bangles. — AFP As uncertainty around the US debt ceiling continued and investors looked at the Federal Reserve for future direction on the interest rate, the rate of gold fluctuated in both the…
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Russian oil: Will petrol price in Pakistan drop by Rs100 after import?
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[ad_1] A person fills their car’s tank at a fuel station in this undated file image. — AFP After months of hype, Pakistan may finally receive its first shipment of imported Russian oil later this month. But the majority of…
