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 […]
According to the report, over 1 billion people in developing countries, including Pakistan, remain unbanked. In Pakistan, only 21% of adults have a bank or mobile money account. The ADB report states that many people rely on informal networks for financial transactions and that women’s access to banking services is half that of men. However, […]
Brent crude futures were up 1 cent at $73.01 a barrel by 0424 GMT. U.S. West Texas Intermediate crude dipped 1 cent to $69.10. Both benchmarks gained more than 1% on Monday after U.S. President Donald Trump announced a 25% tariff on countries importing oil and gas from Venezuela. Oil is Venezuela’s main export and […]
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, […]
According to a letter penned to Pakistan’s Deputy Prime Minister Ishaq Dar, Yasmin Qureshi expressed concern over the decision to close Pakistan International Airlines’ (PIA) London office. Qureshi highlighted that the London office had been operational for several years, and its closure at a time when PIA is in the process of resuming its flight […]
As per details, Federal Minister for Industries and Production Rana Tanveer dismissed reports of a sharp increase in sugar prices, stating that the claim of sugar reaching Rs180kg as per a report in English newspaper is ‘baseless.’ Tanveer said that PM Shehbaz Sharif after taking notice of the sugar price hike has formed a committee […]
The prices of 10 grams of 24 karat also decreased by Rs.686 to Rs 272,633 from Rs 273,319. The price of gold in the international market decreased by $9 to $3,022 from $3,031, the Association reported. Gold, a highly valued precious metal, has maintained its significance for centuries and plays a vital role in the […]
