rise
-
Global stocks slip, treasury yields rise | The Express Tribune
.
[ad_1] NEW YORK: Stock indexes declined and benchmark US Treasury yields rose on Thursday as investors digested hawkish signals from the Federal Reserve, and the US dollar index was flat. Minutes released on Wednesday from the Fed’s March meeting reinforced concerns over inflation and suggested the US central bank’s balance sheet reduction could start next…
-
Asian, European markets rise as ceasefire talks begin between Russia and Ukraine
.
[ad_1] Photo: AFP/file HONG KONG: Equities mostly rose Tuesday in Asia and Europe on optimism over talks between Ukraine and Russia aimed at ending their month-long war, while there was further support from another drop in oil prices. While the conflict in eastern Europe continues to rage, traders have grown increasingly confident about shifting back…
-
India’s oil imports from US to rise | The Express Tribune
.
[ad_1] NEW DELHI: India’s oil imports from the United States will rise by 11% this year, officials said on Saturday, as the severely energy-deficient country looks to secure supplies from producers around the world, including heavily sanctioned Russia. The surge in oil prices following Russia’s invasion of Ukraine last month threatens to fan Indian inflation,…
-
Automobile sales rise by 32% in Feb | The Express Tribune
.
[ad_1] KARACHI: Automobile sales registered a handsome growth of 32% year-on-year to 21,664 units in February 2022. On a month-on-month basis, the sales increased by 5%, according to data released by the Pakistan Automotive Manufacturers Association (PAMA). During the first eight months of current fiscal year, automobile sales registered an increase of around 56% year-on-year…
-
‘Oversight’ in Finance Act to cause rise in hospitalisation cost | The Express Tribune
.
[ad_1] KARACHI: The federal government – in a move to control or reduce the prices of medicines, vide the Finance Supplementary Act, 2022 – has transformed the sales tax exemption which was earlier applicable to medicines into the zero-rating regime. Consequently, pharmaceutical companies will now be able to get adjustments or refunds for the amount…
-
Plastic industry on the rise | The Express Tribune
.
[ad_1] FAISALABAD: Increased use of plastic in industrial and domestic sectors has transformed it to a full-fledged industry, which will become the second-largest sector of the economy after textile, remarked Faisalabad Chamber of Commerce and Industry (FCCI) President Atif Munir Sheikh. Speaking at the annual general meeting of the Faisalabad Plastic Association on Friday, he…
-
K-Electric tariff may rise by Rs2.9 | The Express Tribune
.
[ad_1] ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) is all set to allow an increase of Rs2.9 per unit in K-Electric’s tariff on account of fuel cost adjustment (FCA) for January 2022. The prime minister’s relief package echoed in a public hearing of K-Electric’s petition for a tariff hike of Rs3.4 per unit under…
-
Equities rise as volatility eases slightly
.
[ad_1] Equities rose Tuesday as the volatility that has gripped markets after Russia’s invasion of Ukraine eased slightly. — NYSE HONG KONG: Equities rose Tuesday as the volatility that has gripped markets since Russia invaded Ukraine eased slightly, though oil extended gains as the United States contemplates releasing some of its reserves to temper prices.…
-
With Russia-Ukraine war, inflation to rise further | The Express Tribune
.
[ad_1] KARACHI: Experts have agreed that inflation in Pakistan is expected to spike further following the Russian invasion of Ukraine. Talking to The Express Tribune, Pakistan Business Council (PBC) CEO Ehsan Malik said that Pakistan was already struggling to deal with the surge in global commodity prices and the conflict between Russia and Ukraine would…
-
Another big rise in oil prices likely | The Express Tribune
.
[ad_1] ISLAMABAD: As tensions boil over in Europe after Russia’s invasion of Ukraine, the prices of petroleum products in Pakistan are likely to surge by up to Rs9.59 per litre from March 1, 2022. In mid-February, the government has already made a record increase in prices of petroleum products, when it raised the price of…
