Accusing China — one of the world’s largest exporters of electric vehicles (EVs) — of “not playing by the same rules as other countries” in areas such as environmental and labor standards, he also unveiled a 25 percent surtax on imports of steel and aluminum products from China. The United States and the European Union […]
The survey of around 2,000 people showed that consumer morale “suffered a severe setback” compared to a month earlier, according to pollsters GfK and the Nuremberg Institute for Market Decisions (NIM). The forward-looking indicator fell by 3.4 points to minus 22 points for September, they said in a statement. The “euphoria” triggered by the European […]
The price of Brent, the global crude benchmark, rose 3.0 percent to trade at more than $81 per barrel. Stock markets were mixed, taking a breather after rising on Friday when US Federal Reserve chief Jerome Powell signaled that a rate cut was coming. In a further sign of the Fed’s thinking, another policymaker came […]
During a press conference in Multan, Leghari underscored the government’s commitment to eradicate electricity theft in the country. He assured that measures are being taken to curb this menace and provide convenience to electricity consumers. The minister revealed that discussions are underway with power distribution companies to ensure the disbursement of the Rs45 billion relief […]
Oman Air recently took delivery of its latest Boeing 787-9 Dreamliner, marking the first of three such aircraft scheduled for 2024, according to a press release issued by the airline. This new addition brings the total number of Dreamliners in Oman Air’s fleet to 10. The aircraft, which arrived from Boeing’s facility in Seattle, features […]
Brent crude futures climbed 37 cents, or 0.5%, to $79.39 a barrel by 2300 GMT while U.S. crude futures were at $75.19 a barrel, up 36 cents, or 0.5%. In one of the biggest clashes in more than 10 months of border warfare, Hezbollah fired hundreds of rockets and drones into Israel on Sunday, as […]
According to the ADB blog report on remittances in Pakistan, remittances saw a significant increase of 19.8%, reaching a record high of $31.1 billion, during the COVID-19 pandemic. The report stated that remittances play a vital role in reducing poverty and increasing foreign exchange reserves. The ADB recommended providing more incentives to overseas Pakistanis to […]
According to the details, the two A320 aircraft are being acquired by the airline with a seating capacity of 180 passengers. The fleet size of the private airline will be expanded to 7 after the arrival of the two aircraft. “The ceremony took place at Al Nafoorah – Jumeirah Al Qasr, Dubai and it was […]
“Ultimately the price rise we are announcing today is driven by our reliance on a volatile global gas market that is too easily influenced by unforeseen international events and the actions of aggressive states,” said Ofgem’s CEO Jonathan Brearley. “We know that this rise in the price cap is going to be extremely difficult for […]
This decision follows the recent closures of the Suzuki Karsaz plant and Millat Tractor, marking a troubling trend in the industry. In a letter addressed to the Pakistan Stock Exchange, Bolan Casting Limited cited a significant decline in the sales of trucks and buses, leading to severe financial difficulties. The lack of demand has forced […]
