Tribune
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OPEC to stop using IEA data | The Express Tribune
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[ad_1] DUBAI: A decision driven by Saudi Arabia that OPEC+ should stop using oil data from the West’s energy watchdog reflected concern about US influence on the figures, sources close to the matter said, adding to strain on ties between Riyadh and Washington. The OPEC and allies including Russia, a group referred to as OPEC+,…
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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 Reserve next month. The surge in prices reported by the Labour Department on Tuesday culminated…
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Great potential for boosting Sino-Pak trade | The Express Tribune
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[ad_1] BEIJING: The statistics, released by the General Administration of Customs of China, show that Pakistan’s exports to China crossed $67 million in the first two months of 2022, which recorded a nearly 23% year-on-year increase. In recent years, with rapid progress on the construction of China-Pakistan Economic Corridor (CPEC) and Special Economic Zones (SEZs),…
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PSX relaxes investor eligibility criteria | The Express Tribune
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[ad_1] KARACHI: The Pakistan Stock Exchange, with the approval of the Securities and Exchange Commission of Pakistan (SECP), has significantly eased the requirements for the eligibility of accredited individuals investing in companies on the Growth Enterprise Market (GEM) board. “As per the new definition, accredited investors include those individuals who have assets of at least…
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Women entrepreneurs urged to improve products | The Express Tribune
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[ad_1] MULTAN: Women entrepreneurs of Pakistan should improve their products to move forward in economic sector, said Multan Chamber of Commerce and Industry (MCCI) women wing convener Romana Tanveer Sheikh. Speaking at an exhibition on Tuesday, she said that women of the region were quoe industrious and promised that MCCI would continue to guide them…
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Economic challenges to persist: Fitch | The Express Tribune
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[ad_1] KARACHI: Despite the change in the political setup, the challenges remain the same and the problems of inflation, external risks and supply disruption are expected to loom large over Pakistan’s economy in the days to come. “The recent government change in Pakistan has been peaceful, however, it raises near-term policy uncertainty as the country…
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Credit ceiling raised for oil firms | The Express Tribune
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[ad_1] ISLAMABAD: Banks have revised credit lines for the oil industry to facilitate the import of petroleum products to meet the country’s requirements. Earlier, the Oil Companies Advisory Council (OCAC) – an industry lobby – brought the matter before the State Bank of Pakistan (SBP), asking it to intervene and advise commercial banks to enhance…
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Oil rises on OPEC warning, easing of Covid curbs | The Express Tribune
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[ad_1] LONDON: Oil prices climbed on Tuesday as Shanghai’s relaxation of some Covid-19 restrictions eased concerns about Chinese demand and as OPEC warned it would be impossible to replace potential supply losses from Russia. Brent crude futures rose by $5.51, or 5.6%, to $103.99 a barrel by 1343 GMT while US West Texas Intermediate was…
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Traders seek business friendly environment | The Express Tribune
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[ad_1] KARACHI: The key focus of the incumbent government should be to take strong measures aimed at creating a business friendly tax environment in the country, said Islamabad Chamber of Commerce and Industry (ICCI) President Muhammad Shakeel Munir. Speaking to the business community at the Islamabad Chamber of Commerce and Industry on Tuesday, he highlighted…
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Hungary finds ways to pay for gas | The Express Tribune
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[ad_1] BUDAPEST: Hungary plans to pay for Russian gas in euros through Gazprombank, which will convert the payment into roubles to meet a new requirement set by President Vladimir Putin, Foreign Minister Peter Szijjarto said on Monday. Putin has warned Europe it risks having gas supplies cut unless it pays in roubles as he seeks…
