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Inflation, policy rate expected to fall further in coming months: Aurangzeb
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Federal Finance Minister Senator Muhammad Aurangzeb addressing a press conference. — APP/File In light of the government’s recent economic achievements, Finance Minister Muhammad Aurangzeb on Tuesday hinted at further drop in the consumer price inflation and State Bank of Pakistan’s…
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Local gold prices fall by Rs500 per tola amid drop in global rates | The Express Tribune
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In local markets, the price of 24-carat gold per tola fell by Rs500, dropping to Rs246,000 from Rs246,500. This decrease reflects the significant drop in the international bullion market, where gold prices declined by $17 to settle at $2,400 per…
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Cement sales fall 7% as economic activity slows | The Express Tribune
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LAHORE: Cement sales dropped 6.81% as they remained at 3.010 million tons in July 2024 compared to 3.230 million tons in the same month of last year. According to data released by the All Pakistan Cement Manufacturers Association, local cement…
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Petrol prices likely to fall by August 1 | The Express Tribune
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The prices of petroleum products in the country are expected to decrease from August 1. According to media reports, petrol prices might drop by up to Rs3 per litre, while high-speed diesel (HSD) prices could see a reduction of Rs8.50 per…
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Oil prices fall as ME tensions ease | The Express Tribune
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LONDON: Oil prices were moderately lower on Wednesday as worries over conflict in the Middle East eased and business activity in the world’s largest oil consumer slowed, however, a fall in US crude oil inventories put a floor on those…
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India hydropower output records steepest fall | The Express Tribune
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SINGAPORE: India’s hydroelectricity output fell at the steepest pace in at least 38 years during the year ended March 31, a Reuters’ analysis of government data showed, as erratic rainfall forced further dependence on coal-fired power amid higher demand. The…
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China’s consumer prices fall fastest in 3 years | The Express Tribune
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BEIJING: China’s consumer prices fell the fastest in three years in November while factory-gate deflation deepened, indicating rising deflationary pressures as weak domestic demand casts doubt over the economic recovery. The Consumer Price Index (CPI) dropped 0.5% both from a…
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US trade deficit widens in Oct as exports fall amid inflation curbs — What’s next?
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A container ship enters the Port of Los Angeles in San Pedro, California, US on Feb, 1, 2021. — AFP/File The world’s largest economy’s total trade deficit increased by 5.1% to $64.3 billion in October, up from a revised $61.2…
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Oil prices fall amid US production, China energy concerns
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An oil plant located in the United States. — AFP/File In response to indications of increased production in the US and prospects of poor energy demand in China, investors in New York responded by sending oil prices down more than…
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Stocks retreat, fall below historic 54,000-mark
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Stock broker monitor television screen at a booth, during a trading session at the Pakistan Stock Exchange, in Karachi, Pakistan. — AFP/File KARACHI: The Pakistan Stock Exchange (PSX) on Tuesday jumped to a historic high — shooting past 54,000 points…
