April 11: Brent and West Texas Intermediate crude ascended more than one dollar on Friday after US Energy Minister Chris Wright said that the United States could end Iranian oil exports as part of an effort to make the Islamic Republic to document its nuclear program. Brent Vustt futures settled at $ 64.76 a barrel, … Read more
Dhaka: The clothing sector in Bangladesh-the artery of life in its economy-suffers from a huge commercial shock after US President Donald Trump imposed a 37 % cruel tariff on ready-made Bangladesh clothes (RMG). Industry leaders warn that the repercussions may paralyze the largest export engine in the country, at a value of $ 8.4 billion … Read more
Federal Energy Minister Sardar Owais Ahmed Khan Legari announced on Friday comprehensive reforms in the energy sector in Pakistan, including the privatization of the main assets, the restructuring of the purchase of electricity, and a long -term strategy to reduce electricity prices. In his speech to a press conference in Islamabad, Legari stated that the … Read more
Industrialists and exporters welcomed the decision of the federal government to reduce the tariff of power, but they called for more cuts to ensure the competitiveness of the industry in the global market. They assure that although this step is a positive step, it does not significantly reach the challenges facing companies. Zubair Tuffail, a … Read more
WashingtonThe White House confirmed on Tuesday that President Donald Trump is scheduled to impose a new tariff on Wednesday, although the specific details related to the scope and size of these commercial barriers are still unclear. The advertisement, which will be issued by the Roses Park at 4 pm East time (2000 GMT), has sparked … Read more
IslamabadPakistan and the International Monetary Fund (IMF) reached an agreement to reduce the average weighted definitions in the country to 6 percent over the next five years, and half the current rate of 10.6 percent. This strategic step is designed to open the Pakistani economy on greater foreign competition, making it the country with the … Read more
Oil prices remained stable on Thursday, as it recovered a little from the lowest multi -year level, although Brent crude remained less than $ 70 amid pressure from commercial tariffs between the United States, Canada, Mexico and China, in addition to OPEC+ planning to raise production. Brent futures increased 28 cents, or 0.4 %, at … Read more
Most stock markets in the Gulf ended on Monday, when investors waited to find out whether the imminent American definitions will be implemented. On Sunday, US Minister of Trade Howard Lootnik said that the customs tariff for Canada and Mexico will enter into force on Tuesday, but this President Donald Trump will determine whether he … Read more
Karachi: K-Electric officially requested a reduction of 4.95 rupees for each unit in the electricity rates for the month of December, according to the monthly fuel control mechanism. The National Electricity Regulatory Authority (NEPRA) decided to reserve its ruling in this regard, pending a comprehensive review. The final decision will be connected at a later … Read more
The stock markets in the Gulf ended on Sunday as investors became concerned about President Donald Trump’s trade tensions with China and the potential definitions of other countries. Trump said on Friday that he intends to announce a mutual tariff in many countries by Monday or Tuesday next week, a major escalation of his attack … Read more