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Market watch: Stocks rise, aided by IT sector package | The Express Tribune
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[ad_1] KARACHI: The Pakistan Stock Exchange staged a rebound on Wednesday as the KSE-100 index climbed 121 points, aided by investor interest in technology stocks. The approval of an incentive package for the IT industry by Prime Minister Imran Khan triggered bullish activity in the technology sector, where stocks were in the limelight throughout the…
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Market watch: Stocks rise as geopolitical dust settles | The Express Tribune
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[ad_1] KARACHI: The Pakistan Stock Exchange witnessed a topsy-turvy session on Tuesday, as the benchmark KSE-100 index after oscillating in a narrow range managed to post decent gains in the end. Anxious investors took a sigh of relief on news that Russian troops were pulled back from Ukraine’s border, which also eased the pressure on…
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Domestic fuel prices to rise amid Russia-Ukraine crisis | The Express Tribune
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[ad_1] ISLAMABAD: Pakistanis may see another surge in fuel prices following fluctuations in global crude oil prices over the Russia-Ukraine crisis. Amid international tensions, global oil prices jumped from $85 per barrel to $94 per barrel. Crude oil peaked at $96.16 per barrel, the highest since October 2014, before settling down at a slightly lower…
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Tarin indicates rise in petroleum product prices
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[ad_1] ISLAMABAD: Finance Minister Shaukat Tarin hinted at a further increase in petroleum product prices in the coming days, saying that the government cannot keep fuel rates artificially low. Speaking on the Geo News Programme, “Aaj Shahzaib Khanzada Kay Saath”, the finance minister, while referring to a hike in oil prices in the international market,…
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EU auto sales to rise as chip crunch to ease: industry
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[ad_1] — AFP/File PARIS: European car sales are expected to rise again in 2022 as the microchip shortage that has put the brakes on the sector will ease, an industry group said Tuesday. Passenger car registrations in the 27-nation EU are forecast to grow by 7.9% to 10.5 million units, according to the European Automobile…
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Up to 10% rise in petroleum prices likely | The Express Tribune
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[ad_1] ISLAMABAD: Consumers are likely to face another major increase in prices of petroleum products as rates may be jacked up by up to 10% effective February 1, 2022 following fluctuations in global crude oil prices. Tight supply of crude and geopolitical tensions in Europe and the Middle East propelled oil to a seven-year high…
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IMF warns of possible market correction as interest rates rise
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[ad_1] A picture of the IMF headquarters in Washington DC. — AFP/File WASHINGTON: Global equity markets that have see-sawed in recent weeks but show signs of “overvaluation” are at risk of a sharp correction as major central banks raise interest rates, a top international Monetary Fund (IMF) official said Tuesday. “We are certainly living in…
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Cotton sowing area to rise 20% | The Express Tribune
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[ad_1] MULTAN: The cotton plantation area will be increased by 20% in the upcoming season, announced South Punjab Agriculture Secretary Saqib Ali Ateel. In a meeting with Agriculture Task Force for Revival of Cotton Chairman Abid Mahmood Khagga on Tuesday, the secretary noted that best strategies were adopted during the year 2021, which resulted in…
