Business
Oil heads for weekly rise as US adds sanctions on Iran, OPEC cuts
April 17, 2025
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
April 17, 2025
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
April 16, 2025
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
April 16, 2025
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
April 16, 2025
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%
April 16, 2025
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
April 16, 2025
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
April 16, 2025
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
April 16, 2025
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
April 16, 2025
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…