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Market watch: Stocks falter on policy rate hike | The Express Tribune
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[ad_1] KARACHI: The Pakistan Stock Exchange witnessed another volatile session on Tuesday, as jittery investors preferred to stay on the sidelines amid a deteriorating political and economic condition in the country. After spending most of the day in the red, the benchmark KSE-100 index recorded a decrease of around 490 points to settle below the…
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Analysts see 100bps rate hike | The Express Tribune
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[ad_1] KARACHI: Pakistan’s central bank is scheduled to meet on Monday to announce the key policy rate for the next six weeks. The bank is highly expected to increase the rate by 100 basis points (bps) to 13.25% to counter a high inflation reading and likely surge in energy prices to pave the way for…
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No fuel price hike before relief plan | The Express Tribune
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[ad_1] ISLAMABAD: Minister of State for Petroleum Dr Musaddiq Malik has said that Prime Minister Shehbaz Sharif has refused to increase prices of petroleum products until the presentation of a relief plan for the poor and deserving people earning between Rs18,000 and Rs20,000 per month. The Ministry of Petroleum has prepared three alternative plans for…
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Asian markets rise as Fed eases fears over huge rate hike
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[ad_1] Photo: AFP/file HONG KONG: Asian markets rallied Thursday following a Wall Street surge after the Federal Reserve played down chances of a huge interest rate hike in the near future, while oil extended gains as the European Union moved to ban imports from Russia. US central bank officials announced an expected half-point lift in…
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No further hike in edible oil prices | The Express Tribune
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[ad_1] KARACHI: The PML-N coalition government has assured no further hike in edible oil prices in the local market despite one of the two leading oil producing and exporting countries Indonesia has placed a temporary ban on exports of the commodity across the world. “The country is having enough stocks of the oil which is…
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Lagarde sees strong chance of rate hike this year | The Express Tribune
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[ad_1] WASHINGTON: The European Central Bank is likely to end its bond purchase scheme in early third quarter and raise rates before the end of the year, European Central Bank President Christine Lagarde told CNBC on Friday, outlining the bank’s exit from stimulus. With inflation at record highs and still rising, the ECB has been…
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Another power tariff hike on the cards | The Express Tribune
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[ad_1] ISLAMABAD: Following a recent massive increase of Rs4.85 a unit in electricity tariff, the Central Power Purchasing Agency-Guarantee Limited (CPPA-G) has again sought a huge tariff hike on account of fuel cost adjustment (FCA) for March 2022. In a petition submitted to the National Electric Power Regulatory Authority (Nepra) on Tuesday, the CPPA-G proposed…
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PM to pass on burden of POL price hike to next govt | The Express Tribune
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[ad_1] ISLAMABAD: Prime Minister Imran Khan on Friday rejected an increase in the prices of petroleum products, passing on this burden to the upcoming government. The Petroleum Division had tabled a proposal of increasing oil prices to do away with the price differential claims that had been going up. The issue was taken up during…
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SSGC seeks 45% hike in gas price | The Express Tribune
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[ad_1] ISLAMABAD: A public gas utility has sought an increase of around 45% in gas prices to meet the revenue shortfall for fiscal year 2022-23. The Oil and Gas Regulatory Authority (Ogra) held a public hearing on Thursday to consider Sui Southern Gas Company’s (SSGC) petition for determination of its estimated revenue requirement and prescribed…
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Gas utility seeks 66% price hike | The Express Tribune
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[ad_1] ISLAMABAD: A public gas utility has sought 66% increase in gas prices for financial year 2022-23. In that regard, the Oil and Gas Regulatory Authority (Ogra) on Wednesday conducted a public hearing to consider Sui Northern Gas Pipelines Limited’s (SNGPL) petition for the determination of its estimated revenue requirement and prescribed prices for FY23.…
