Reuters:Russia will see revenue from its biggest single oil tax double to $9 billion in April due to the oil and gas crisis triggered by the US and Israeli attack on Iran, Reuters calculations showed on Thursday. The Reuters calculation is some of the first concrete evidence of a windfall […]
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TEHRAN (Reuters) – Iranian authorities see the truce with the United States and Israel as a strategic victory, but they emerge battered and isolated with an economy in tatters, little prospect of rapid recovery and an impoverished, embittered population. After weeks of US and Israeli strikes, many Iranians have lost […]
PERTH -UNS :Global oil prices fell sharply on Wednesday, dropping below the $100-per-barrel mark after Donald Trump announced a two-week ceasefire agreement between the United States and Iran, easing immediate fears of supply disruptions. Brent crude declined by $14.84, or 13.6%, to settle at $94.43 per barrel, while West Texas […]
UNS: Global oil prices dropped sharply on Wednesday after Donald Trump announced a tentative two-week ceasefire agreement with Iran, easing immediate concerns over supply disruptions through the critical Strait of Hormuz. Brent crude futures plunged by $14.84, or 13.6%, settling at $94.43 per barrel, while U.S. West Texas Intermediate (WTI) […]
Karachi UNS: Gold prices in Pakistan experienced a significant decline on Tuesday, mirroring a downward trend in the international market. According to the All Pakistan Sarafa Gems and Jewellers Association, the price of gold per tola dropped by Rs3,000, bringing it down to Rs488,462. Likewise, the price of 10 grams […]
ISLAMABAD-UNS: The Government of Pakistan, in coordination with relevant institutions, is reportedly considering a major economic initiative aimed at bringing back substantial Pakistani-owned assets held abroad, particularly in Dubai-based banks. According to sources, the estimated amount could reach up to $100 billion. Officials indicate that this capital would not be […]
ISLAMABAD-UNS: Following a staggering increase in petroleum prices by the government, the Pakistan Goods Transport Alliance has announced a 60% increase in transport fares. Alliance President Malik Shahzad condemned the rise in fuel costs, warning that it could trigger a nationwide wave of inflation. He added that government mismanagement is […]
Islamabad -UNS: Pakistan has announced an unprecedented increase in petroleum prices, pushing petrol to Rs458.40 per litre and high-speed diesel to Rs520.35 per litre, marking one of the steepest hikes in the country’s history. The announcement was made by Federal Minister for Petroleum Ali Pervaiz Malik, who attributed the sharp […]
Reuter: Global shares rose on Tuesday, and Brent crude oil prices were poised for a record monthly increase, as traders came to the end of a tumultuous March dominated by the Iran war. Iran attacked a fully-loaded oil tanker off Dubai early on Tuesday after President Donald Trump warned the […]
ISLAMABAD-UNS :Romania and Pakistan marked a significant step in advancing their economic and maritime partnership with the signing of a Memorandum of Understanding (MoU) on port cooperation,on Tuesday. The agreement was concluded between the National Company “Maritime Ports Administration” S.A. Constanța and the Karachi Port Trust during an online ceremony. […]