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Pakistan-Turkey trade on the rise | The Express Tribune
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[ad_1] KARACHI: The efficient land-based shipping between Turkey and Pakistan has improved bilateral trade, as it surpassed the $1.1 billion level during 2021. Talking to The Express Tribune, Federation of Pakistan Chambers of Commerce and Industry (FPCCI) President Irfan Iqbal Sheikh underlined that the bilateral trade volume between Pakistan and Turkey “is set to climb…
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RDA inflows continue to rise, cross $4b | The Express Tribune
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[ad_1] KARACHI: Foreign currency inflows on account of Roshan Digital Accounts (RDAs) from overseas Pakistanis have continued to rise, as they surpassed the $4 billion mark in April 2022, despite global political and economic instabilities – including Pakistan. RDA inflows increased $245 million to $4.17 billion in April 2022, Arif Habib Limited (AHL) reported, citing…
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Oil prices rise more than 1% | The Express Tribune
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[ad_1] HOUSTON: Oil prices rose more than 1% on Friday and were set to rise for a second consecutive week, shrugging off concerns about global economic growth as impending European Union sanctions on Russian oil raised the prospect of tighter supply. Brent futures rose $1.43, or 1.3%, to $112.31 per barrel by 1618 GMT, while…
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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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US, European shares rise as earnings remain mixed | The Express Tribune
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[ad_1] WASHINGTON/LONDON: Major US and European equity indexes rose in choppy trade on Wednesday, and the euro dropped to its weakest since 2017 after Russia halted gas supplies to Bulgaria and Poland and investors worried more about the region’s economy. Wall Street rose, rebounding the day after a rout drove the Nasdaq to its lowest…
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SBP reserves rise $36m to $10.89b | The Express Tribune
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[ad_1] KARACHI: The foreign exchange reserves held by the central bank increased 0.33% on a weekly basis, according to data released by the State Bank of Pakistan (SBP) on Thursday. On April 16, the foreign currency reserves held by the SBP were recorded at $10,885.7 million, up $36 million compared with $10,849.6 million on April…
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Big industries output rise 8.6% | The Express Tribune
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[ad_1] ISLAMABAD: The growth momentum in big industries remained robust in February 2022 – the second last month of Pakistan Tehreek-e-Insaf (PTI) government – as industries recorded 8.6% growth despite headwinds that could slow the pace in the remaining period of current fiscal year. Large-scale manufacturing (LSM) industries recorded 8.6% growth in February over the…
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Asian markets rise despite lingering concerns about inflation, Ukraine
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[ad_1] Asian stock markets rise but investors remain cautious about the inflation and Ukraine crisis. Photo: AFP/file SEOUL: Asian stock markets mostly rose in early trade Thursday after a recovery on Wall Street, but investors remained cautious about the ongoing impact of skyrocketing inflation and the war in Ukraine. Prices were already soaring in major…
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Diesel set to rise above Rs200 | The Express Tribune
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[ad_1] ISLAMABAD: The price of diesel is set to cross Rs200 per litre for the first time in history on the back of soaring crude oil prices in the global market and sharp depreciation of the rupee against theUS dollar. In the second fortnight of current month starting April 16, the newly formed government would…
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Steel prices rise for second time in April | The Express Tribune
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[ad_1] KARACHI: Manufacturers in the domestic steel industry have increased the prices of steel sheets for the second time in the ongoing month of April in the wake of rupee depreciation and passed on the price pressure to the downstream industry such as automobile and home appliance segment. Flat steel industry players have hiked the…
