Brent crude futures were up 27 cents to $73.27 a barrel by 0749 GMT. U.S. West Texas Intermediate crude climbed 26 cents to $69.37. Both benchmarks gained more than 1% in the previous session after U.S. President Donald Trump announced a 25% tariff on countries importing oil and gas from Venezuela. Oil is Venezuela’s main […]
The demand represents a substantial chunk of last year’s net profit of $955 million for Samsung in India, where it is one of the largest players in the consumer electronics and smartphones market. It can be challenged in a tax tribunal or the courts. The company, which also imports telecoms equipment through its network division, […]
In a post on X, Abraham said a “group of settlers” had set upon Ballal. “They beat him, and he has injuries in his head and stomach, bleeding. Soldiers invaded the ambulance he called and took him. No sign of him since,” Abraham wrote. The incident took place in the southern West Bank village of […]
Exchange rates, like the CAD to PKR rate, are shaped by several factors, including: Supply and Demand: A currency’s value depends largely on its global demand. For example, increased purchases of Canadian goods or investments in Canadian assets boost CAD demand, raising its value. Interest Rates: Higher interest rates in Canada can draw foreign investors, […]
New Delhi’s move seeks to assuage concerns raised by Washington after President Donald Trump threatened reciprocal tariffs from April 2 on trading partners, including India, that fuelled alarm among exporters. The government proposes to abolish the 6% equalisation levy on online services, including advertising, as part of amendments to the Finance Bill 2025, a government […]
The world’s biggest liquefied natural gas (LNG) trader said it wants to grow LNG sales by 4-5% each year in the next five years while growing its production by 1% per year in that time frame, keeping its oil output stable at 1.4 million barrels per day. Shell estimates global demand for liquefied natural gas […]
Hyundai Steel shares initially jumped more than 5% on the news but reversed early gains to end 7% lower as U.S. President Donald Trump praised the company’s plan. Hyundai Steel’s proposed new U.S. steel plant is part of Hyundai Motor Group’s plan to invest $21 billion in the United States, which was announced by the […]
The UAE, known for its diverse economy, trade ties, and pro-investor policies, remains a key Middle Eastern economic anchor. The Dirham’s strong position against the PKR reflects the success of sectors like oil, tourism, real estate, and finance. Its innovative leadership reinforces its global economic prominence. AED TO PKR- Currency Valuation Dynamics Foreign exchange markets, […]
The exchange rate system is determined by the foreign exchange market, where supply and demand dictate currency values. Various factors, including economic stability and geopolitical developments, influence currency fluctuations. The QAR is pegged to the US Dollar (USD) at 3.64 QAR per USD, making its value relatively stable. However, its exchange rate with the PKR […]
Despite recent rain spells that alleviated drought conditions in central and northern parts of the country, drought conditions are expected to persist in Sindh, southern Balochistan, and the lower eastern plains of Punjab. The PMD stated that the average temperature in the lower half of the country was 2-3 degrees Celsius more than normal during […]
