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Oil heads for weekly rise as US adds sanctions on Iran, OPEC cuts

Oil heads for weekly rise as US adds sanctions on Iran, OPEC cuts

SINGAPORE: Oil prices extended gains on Thursday on the prospect of tighter supply after Washington imposed further sanctions to curb…
Dollar slides towards Easter weekend

Dollar slides towards Easter weekend

SINGAPORE: The dollar looked set to notch a fourth straight weekly loss on Thursday as tariffs drive investors from U.S.…
White House says China faces up to 245pc tariffs due to its retaliatory actions

White House says China faces up to 245pc tariffs due to its retaliatory actions

The United States announced that China now faces a new tariff of up to 245 per cent due to its…
Govt decides to scrap around 24% of development projects

Govt decides to scrap around 24% of development projects

ISLAMABAD: The Prime Minister Shehbaz Sharif-led government has decided to scrap almost 24% of development projects worth billions of rupees…
Kuwait extends oil credit facility for Pakistan

Kuwait extends oil credit facility for Pakistan

ISLAMABAD: Kuwait has extended oil credit facility for Pakistan for another two years. This was conveyed by Kuwait’s Ambassador to…
Pakistan’s industrial production drops by 1.9%

Pakistan’s industrial production drops by 1.9%

ISLAMABAD: Pakistan’s large-scale manufacturing sector recorded a 1.9% decline in production from July to February, it was reported quoting PBS.…
China’s economic growth tops expectations

China’s economic growth tops expectations

BEIJING: China’s first-quarter economic growth outstripped expectations, underpinned by solid consumption and industrial output, but analysts fear momentum could shift…
Govt increases petroleum levy instead of offering relief

Govt increases petroleum levy instead of offering relief

ISLAMABAD: The government has increased the petroleum levy on petrol and diesel instead of lowering prices. According to official sources,…
Electricity prices slashed by Rs21.98 per unit for EV charging stations

Electricity prices slashed by Rs21.98 per unit for EV charging stations

ISLAMABAD: The federal government has approved a significant cut of Rs21.98 per unit in electricity base tariff for electric vehicle…
China orders airlines to suspend Boeing jet deliveries amid trade war

China orders airlines to suspend Boeing jet deliveries amid trade war

China has ordered its airlines not to take further deliveries of Boeing jets in response to the US decision to…
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