Saudi Arabia’s oil chief said markets are going through a “jittery period” and reiterated Tuesday that the kingdom’s ability to ensure energy security is no longer guaranteed. Energy Minister Prince Abdulaziz bin Salman said cross-border attacks have put to question “our ability to supply the world with the necessary energy requirements.” The attacks have been مزید پڑھیں
Mastercard has announced the expansion of its new interactive business intelligence platform Mastercard Market Trends in the Middle East and Africa. The new platform provides a comprehensive view of payments insights, competitive intelligence and industry trends for banks and financial institutions across the world and now within the Middle East and Africa. In the Middle مزید پڑھیں
President, Dr. Arif Alvi has lauded the business and traders’ community for playing an effective role in enhancing exports of the country and economic stability. Addressing the 9th Federation of Pakistan Chambers of Commerce and Industry Achievements Awards in Karachi, he said it is a prime responsibility of the government to provide facilitates to the مزید پڑھیں
The United States and European Union on Friday announced a new partnership to reduce the continent’s reliance on Russian energy, a step top officials characterized as the start of a years-long initiative to further isolate Moscow after its invasion of Ukraine. U.S. President Joe Biden asserted that Russian President Vladimir Putin uses energy to “coerce مزید پڑھیں
Beijing welcomes Afghanistan’s active participation in the Belt and Road Initiative, a global infrastructure plan proposed by China, and is willing to push for extending the China-Pakistan Economic Corridor (CPEC) to Afghanistan, Chinese Foreign Minister Wang Yi said on Thursday as he made a surprise visit to Kabul. Wang met acting Afghan Foreign Minister Amir مزید پڑھیں
The Pakistan Stock Exchange (PSX) on Thursday gained over 300 points as a surge in yields of T-bills on Tuesday’s auction helped the State Bank of Pakistan (SBP) raise Rs693 billion against the target of Rs800 billion. Meanwhile, reports that Pakistan failed to reach conclusion with the International Monetary Fund (IMF) during the seventh review مزید پڑھیں
The plan to broaden the tax base is facing delays as the National Database and Registration Authority (Nadra) is unclear about the status of data of potential taxpayers. The Federal Board of Revenue (FBR) and Nadra had signed an agreement to come up with data of potential taxpayers for uploading on the FBR web portal مزید پڑھیں
British inflation shot up faster than expected last month to hit a new 30-year high, worsening a historic squeeze on household finances that finance minister Rishi Sunak is under pressure to ease in a budget update later on Wednesday. The Office for National Statistics said consumer prices rose by 6.2 per cent year-on-year in February مزید پڑھیں
Noting that the ongoing second phase of the China-Pakistan Economic Corridor (CPEC) would reinforce Pakistan’s efforts towards economic development with an enhanced cooperation in diverse areas, Prime Minister Imran Khan invited Chinese investors to benefit from the lucrative investment opportunities in Pakistan. The PM made these remarks during a meeting with Chinese State Councilor and مزید پڑھیں
Oil prices extended their rally Tuesday on supply worries as European leaders debated banning imports from Russia, though equities stood their ground despite a tepid Wall Street lead and the prospect of a sharper hike in US interest rates. Both main crude contracts started the week by soaring more than seven percent Monday as EU مزید پڑھیں
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