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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…
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With larger fall, rupee near 1-month low | The Express Tribune
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KARACHI: Pakistani currency on Wednesday hit nearly one-month low above Rs282.50 against the US dollar in inter-bank market, as it maintained the losing streak for the eighth consecutive day ahead of first IMF review under the $3 billion loan programme….
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Forex reserves fall by $220m to $7.5b | The Express Tribune
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KARACHI: Pakistan’s foreign exchange reserves fell by $220 million on a weekly basis, with the total now standing at $7.494.2 billion. Reserves dropped by 2.8% as of October 20, data released on Thursday by the State Bank of Pakistan (SBP)….
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Global stocks fall, US bond yield rise as Israel gears up for major ground assault
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Artillery shells are lined up next to an armoured vehicle as Israeli soldiers take positions near the border with Gaza in southern Israel on October 9. — AFP A regional dispute in occupied Palestine and concerns that US interest rates…
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Weekly inflation eases 1.7% over oil price fall | The Express Tribune
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ISLAMABAD: Owing to the reduction in prices of petroleum products in line with global trend and the fall in dollar rate in the wake of a crackdown on currency smugglers and hoarders, the inflation rate has come down in Pakistan,…
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Israel-Hamas war: Oil prices rise, global stocks fall as humanitarian crisis worsens in Gaza
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A Palestinian youth looks for salvageable items amid the rubble of the Kuhail building, which was destroyed in an early morning Israeli airstrike on Gaza City on Tuesday. — AFP Oil prices rose and global stocks largely fell on Wednesday,…
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Petroleum sales fall to 44-month low | The Express Tribune
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KARACHI: The demand for petroleum products in Pakistan hit a 44-month low at 1.06 million tons in September 2023, primarily due to a surge in prices in line with global uptrend. Topline Research analyst Myesha Sohail, in a commentary, said…
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TENANTULA: Elon Musk’s X sues Atlas Exploration over unpaid rent to fall deeper into legal web
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Elon Musk, owner of X formerly Twitter. — AFP Elon Musk’s X Corp is facing its own legal claims over unpaid rent and has filed a lawsuit against a financial services provider in order to recover more than $713,500 in allegedly…
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Forex reserves fall by $59m to $7.64b | The Express Tribune
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KARACHI: The State Bank of Pakistan (SBP) reported a 0.76% decrease in its foreign exchange reserves on a week-on-week basis, with the total now standing at $7.64 billion. According to data released by the central bank on Thursday, its foreign…
