ISLAMABAD: The government said on Friday that airports in Islamabad, Lahore, and Karachi would be outsourced in order to attract foreign direct investment and give “world-class amenities” to travellers. The decision was made at a meeting hosted by Prime Minister Shehbaz Sharif to examine aviation issues, according to a pressRead More →
ISTANBUL (REUTERS) – The lira of Turkey, which has lost about 30% of its value versus the dollar this year, hit a record low of 18.75 on Monday, moving lower following a period in which Ankara adhered to policies that strictly controlled the currency rate. The lira was 0.35% lowerRead More →
MOSCOW (REUTERS) – On Monday, the Russian rouble moved up against the dollar, gaining some ground after seeing its biggest weekly decline since early July due to concerns about how sanctions on oil and gas might affect Russia’s export earnings. Following the implementation of an oil embargo and price cap,Read More →
BRUSSELS (Reuters ):After months of negotiations that have so far failed to break the impasse between states divided over whether the move will relieve Europe’s energy crisis, members of the European Union will attempt to reach an agreement on an EU-wide cap on gas prices on Tuesday. The European Union’sRead More →
Tokyo ( Rueter) Japan’s economy, the third-largest in the world, shrank less than initially predicted in the third quarter, supporting the idea that it is slowly emerging from COVID-19 gloom even as major export markets continue to weaken. Separate data revealed that the economy had experienced its first current accountRead More →
After gaining by 80 paisa in the Interbank on Monday, the US Dollar closed at an all-time high versus the Pakistani Rupee (PKR). Weakening macroeconomic have kept dollar demand high, with the greenback ending the first working day of the week at Rs200.94. Depleting foreign exchange reserves and uncertainties overRead More →
Despite a tepid beginning from Wall Street, Asian equities climbed Tuesday as dismal Chinese economy data revealed the deep cutbacks of Beijing’s zero-Covid policy, adding to inflation concerns. To combat an Omicron-fueled tsunami, China has maintained its stringent zero-Covid policy, ordering lockdowns in numerous cities and closing factories and ports.Read More →
ISLAMABAD: The federal government has issued a notification about petroleum product pricing after the finance minister declared that the rates will be maintained. According to the finance ministry’s statement, the petrol price would remain at Rs149.86 per litre, Rs144.15 for high-speed diesel (HSD), Rs125.56 for kerosene oil, and Rs118.31 forRead More →
ISLAMABAD (A News) – According to Pakistan Tehreek-e-Insaf (PTI) leader Asad Umar, the State Bank of Pakistan’s foreign exchange reserves have dropped by more than $6 billion since the no-confidence vote. Asad Umar, speaking at a news conference with PTI leaders in Islamabad, said that diminishing reserves are putting pressureRead More →
On Friday, the price of 24 carat per tola gold dropped by Rs 700, to Rs 135,300, from Rs 136,000 on the local market. According to the All Sindh Sarafa Jewellers Association, the price of 10 gramme 24 carat gold has dropped by Rs 600 to Rs 115,998, down fromRead More →
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