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Oil imports remain high in March | The Express Tribune
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[ad_1] KARACHI: Pakistan’s import of petroleum products spiked 68% on year-on-year basis to $1.86 billion in March, taking a toll on the country’s foreign exchange reserves as price of the commodities remained significantly high at world markets. The imports stood…
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Remittances hit all-time high | The Express Tribune
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[ad_1] KARACHI: The inflow of workers’ remittances soared beyond market expectations and hit an all-time high at $2.8 billion in March, extending much-needed support to foreign exchange reserves and the rupee value against the US dollar. “These are the highest-ever…
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Remittances hit all-time high in March | The Express Tribune
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[ad_1] KARACHI: The workers’ remittances received by Pakistan hit an all-time high of $2.8 billion in March, extending support to foreign exchange reserves and rupee against the US dollar. “This is the highest ever monthly level for workers’ remittances,” Pakistan’s…
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‘High interest rate threatens SMEs’ | The Express Tribune
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[ad_1] KARACHI: The business community has termed high interest rates threat to the survival of small and medium enterprises and cited that it caused significant increase in the cost of doing business for industries. In a joint statement, Pakistan Yarn…
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US inflation at 16.5-year high | The Express Tribune
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[ad_1] WASHINGTON: US monthly consumer prices increased by the most in 16.5 years in March as Russia’s war against Ukraine boosted the cost of gasoline to record highs, cementing the case for a 50-basis-point interest rate hike from the Federal…
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‘High interest rate will destroy economy’ | The Express Tribune
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[ad_1] KARACHI/ISLAMABAD: Business chambers are in a state of panic and shock as they are speculating on how to cope with the fallout of a surprise 250 basis points rise in the benchmark interest rate by the State Bank of…
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Food prices hit record high in March | The Express Tribune
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[ad_1] PARIS: World food prices jumped nearly 13% in March to a new record high as the war in Ukraine caused turmoil in markets for staple grains and edible oils, the UN food agency said on Friday. The Food and…
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World food prices hit record high over Ukraine war: FAO
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[ad_1] A Syrian woman prepares food at the Kabsh camp for the displaced people in the countryside near Syria´s northern city of Raqa during the Muslim holy month of Ramadan on April 7, 2022. — AFP/File PARIS: World food prices…
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Annual inflation at 21-year high | The Express Tribune
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[ad_1] MEXICO CITY: Mexican consumer prices rose in March to levels not seen since early 2001, with economists saying the data suggests more interest rate hikes are likely, as the central bank underscored the balance of risks for inflation deteriorated…
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Iraq oil exports jump to 50 year high value | The Express Tribune
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[ad_1] BAGHDAD: Iraq exported $11.07 billion of oil last month, the highest level for half a century, as crude prices soared amid shortfall fears following Russia’s invasion of Ukraine, the oil ministry said. The second largest producer in the Organisation…
