India central bank governor says may need to act if inflation pressures deepen
MUMBAI: India’s monetary policy can look through temporary supply shocks but may intervene if inflation pressures become entrenched following the Iran war-driven oil price spike, central bank Governor Sanjay Malhotra…
European shares rise as oil prices slip on fragile US-Iran ceasefire
European shares rose on Wednesday, recovering from a sharp drop in the previous session, as oil prices retreated after peace negotiations between Washington and Tehran remained deadlocked. The pan-European STOXX…
The political economy of the petroleum levy
When global crude fell 10% in a week, Islamabad raised the petroleum levy by 13.5%. Petrol prices are up 55.8% in 70 days — not because of oil markets, but…
President Zaradari approves Sitara-i-Shujaat for citizen who sacrified his life while averting suicide attack
President Asif Ali Zardari on Wednesday approved awarding the Sitara-i-Shujaat to a citizen who sacrificed his life while foiling a suicide attack in Attock’s Jand tehsil. The approval was granted…
Finance minister discusses budget preparations with visiting IMF mission
Finance Minister Muhammad Aurangzeb on Wednesday discussed preparations for the upcoming federal budget and the country’s broader reform agenda with the International Monetary Fund (IMF) visiting Islamabad, the finance ministry…
Ukraine’s Zelenskiy warns of incoming Russian drone attacks during daylight
Ukrainian President Volodymyr Zelenskiy warned of possible waves of Russian drone attacks throughout Wednesday, saying that more than a hundred drones were in Ukraine’s airspace, as Moscow has shifted tactics…
Minister urges port expansion, stronger logistics to meet rising trade demand
Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry stressed on Wednesday the need to expand port capacity, fortify logistics networks, and promote feeder services to meet growing trade demands.…
Copper advances as investors buy over supply concerns
Copper advanced to a three-month high on Wednesday as investors continued to buy on future supply concerns as uncertainties in the Middle East kept oil prices high and higher-than-expected U.S.…
MSCI adds 1 Pakistani co to Frontier Market Index, 3 to FM Small Cap Index
Morgan Stanley Capital International (MSCI) Inc., a leading provider of critical decision support tools and services, announced the addition of one Pakistani company as a constituent on its Frontier Market…
Japan rubber futures rise on weather-related supply woes
Japanese rubber futures spiked on Wednesday after two straight sessions of losses, supported by tightening supply from top producer Thailand as heavy rainfall and warnings of flash floods hamper tapping.…