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High time Pakistan shakes off habit of borrowing loans | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan knocked upon the IMF’s door in 1959, merely a decade after its inception. The young nation’s call for help continues to echo through the decades. And even when it is not seeking palliative medicines from the global…
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SBP may raise policy rate as yields stay high | The Express Tribune
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[ad_1] KARACHI: Commercial banks have maintained interest rates at a recent 11-year high at 15.25% on financing to the government for a period of three-month, signaling that the central bank may increase its key policy rate in the range of…
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KIBOR reaches close to 13-1/2-year high | The Express Tribune
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[ad_1] KARACHI: The commercial banks’ benchmark six-month interest rate, at which they lend funds to each other in the Karachi money market, better known as Karachi Inter-bank Offered Rate (Kibor) – reached close to 13-and-a-half-year high at 15.68% on Wednesday….
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Oil jumps to 13-week high on US demand | The Express Tribune
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[ad_1] NEW YORK: Oil prices jumped over 2% to a 13-week high on Wednesday as US demand for gasoline keeps rising despite record pump prices, while expectations that China’s oil demand will increase faced growing supply concerns in several countries,…
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High production cost hits glass maker | The Express Tribune
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[ad_1] KARACHI: Pakistan’s corporate sector has reported the first casualty of a spike in cost of production in the country, as a four-decade old glass manufacturing firm announced on Monday to temporarily suspend production of tableware glass due to “increase…
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Despite high gas prices, US refiners strain to meet summer demand
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[ad_1] Photo: AFP/file NEW YORK: Only time will tell how much record US prices at the pump will dent driving demand this summer, but don’t expect a significant increase in gasoline supply from American refineries. The reason: Several US gasoline…
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Rupee recovers to one-week high | The Express Tribune
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[ad_1] ISLAMABAD: Pakistani currency partially recovered 1.13% (or Rs2.25) to a one-week high at Rs199.76 against the US dollar in the inter-bank market, ending the previous 15 working days’ long free-fall on Friday. The currency regained after the PML-N coalition…
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Oil jumps to 7-week high, then dips on supply hopes | The Express Tribune
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[ad_1] NEW YORK: Oil prices jumped above $115 a barrel on Tuesday, their highest in about seven weeks, as the European Union kept pushing for a ban on Russian oil imports that would tighten supply. Prices retreated and were slightly…
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Wheat prices hit record high after India export ban
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[ad_1] In this file photograph taken on April 12, 2022, an Indian farmer poses as he harvests wheat crop in a field on the outskirts of Amritsar, in the northern Indian state of Punjab. -AFP PARIS: Wheat prices surged to…
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Rupee fall, high prices add to fuel subsidy | The Express Tribune
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[ad_1] ISLAMABAD: The continued rise in global crude oil prices and depreciation of the rupee against the US dollar have increased the cost of petroleum product subsidy. With the rupee’s fall, a 3.17% increase in prices of petroleum products has…
