Oil prices rise 3% as OPEC+ considers the biggest drop in output
Oil prices jumped more than 3% in early Asian trade on Monday, as OPEC+ considers cutting output by more than 1 million barrels a day.
PBS releases CPI inflation in Sept 22, giving hints for Oct data
As per PBS, CPI based inflation increased to 23.2 percent on year-on-year basis as compared to an increase of 27.3 percent in August 22.
Requesting China to rollover $2 billion in SAFE deposits
Pakistan has requested a rollover of $ 2 billion in State Administration Foreign Exchange (SAFE) China deposits in March 2023.
Reduction in petroleum prices announced
The federal government announced a 5 percent reduction in the price of all petroleum products for the next two weeks on Friday.
SPI-based inflation rises to 30.62pc YoY
Sensitive Price Indicator (SPI) based inflation for the week ending on September 29 increased to 30.62 per cent year-on-year.
SBP’s foreign reserves dip by 4pc, raising new concerns
According to the SBP, country’s liquid foreign reserves fell by more than $308 million during the week ending September 23.
Rs75 banknote is now available for general public
The commemorative banknote will be available for the general public from SBP BSC offices and Commercial Banks’s branches from today.
A move towards low-cost electricity in Pakistan
The PM approved setting up of 2000MW solar power projects to produce low-cost and environment friendly electricity in Pakistan.
HBL to counter head on allegations of terror financing in US
Earlier today, Bloomberg reported that Habib Bank Limited (HBL), faces secondary liability in a terror funding case in the United States, where the plaintiffs claimed the...
Dr. Arif Alvi highlights the solution to youth unemployment
Dr. Arif Alvi stated that online education programs like Google Career Certificates can provide the youth with a path up into digital sector.
Ishaq Dar joins the blame game trend
Finance Minister Ishaq Dar stated exchange rate stability as his top priority, followed by lowering inflation and interest rates.
Oil prices fall as dollar reaches new heights
Oil prices fell more 1% pressured by a strengthening dollar and crude storage builds that offset support from US production cuts.