Economics

 

 

Oil prices plunge over 5% to lowest levels since January

 In this file photo taken on April 23, 2020 Pump jacks operate near Loco Hills in Eddy County, New Mexico.…

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Gold edges upward as rupee depreciation boosts appeal

A re[resentational image of gold jewellery. — AFP/File KARACHI: Gold price in Pakistan extended gains from last week as the…

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Rupee continues to falter against US dollar

A representational image of Pakistani notes of Rs10, 20, 50, 100, 500, 1,000  and coins of Re1, Rs2 and Rs5.…

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October current account deficit widens 56% to $567m MoM

A representational image of the US dollars.  — AFP/File KARACHI: Pakistan’s current account deficit yawned $204 million or 56% to…

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UN climate summit adopts ‘loss and damage’ fund

COP27 climate summit President Sameh Shoukry claps during the closing plenary at the COP27 climate summit in Red Sea resort…

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Gold trims gains in Pakistan, closes week with over 1% gain

Gold bangles. —  AFP/File KARACHI: Gold traded flat on Saturday, retaining gains registered during the week as investors waited for…

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Finance Minister Ishaq Dar dismisses rumours surrounding default, oil shortage

Finance Minister Ishaq Dar addressing a press conference via video link. — Screengrab/PTV  ISLAMABAD: Assuring the nation that Pakistan will…

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Gold edges down as investors keep an eye on political, economic developments

An image of gold necklace showcased in a jewellery shop. — AFP/File KARACHI: Gold prices inched lower on Friday amid…

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Rupee stuck in reverse gear amid high default risks

A currency dealer works at an exchange company. — AFP/File KARACHI: Pakistani rupee Friday remained stuck in reverse gear versus…

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Dar updates President Alvi on Pakistan’s economic, financial outlook

Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar (right) in a meeting with President Arif Alvi at Aiwan-e-Sadr…

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