President Joko Widodo announced Thursday that Indonesia will lift its restriction on palm oil exports next week, easing pressure on the global vegetable oil market after prices soared due to the suspension and the war in Ukraine. In the face of a domestic shortage, the island nation enacted the restrictionRead More →
Rating agencies are anticipated to downgrade Sri Lanka on Wednesday as a result of the nonpayment of coupons on two of the country’s sovereign bonds, while the energy minister said the country has run out of money to pay for fuel. An unprecedented economic crisis since the country’s 1948 independenceRead More →
On Saturday, Punjab Chief Minister Hamza Shahbaz Sharif mandated that all sugar mills sell sugar at Rs 70 per kg. The Punjab CM’s team met with the Sugar Mills Association and discussed price reductions to bring assistance to the people. Hamza Shahbaz demanded that all sugar mills offer sugar atRead More →
On Friday, the price of 24 carat per tola gold fell by Rs 700 and was sold at Rs 135,300, down from Rs 136,000 on the local market. The price of 10 gramme 24 karat gold fell by Rs 600 to Rs 115,998, down from Rs 116,598 previously, according toRead More →
The Pakistani Rupee continued to fall against the US Dollar in the interbank market, despite the country’s lingering uncertainties. The local currency fell by Rs1.73 due to negative macroeconomic indicators such as a greater import bill and a delay in the IMF tranche. When compared to the previous day’s finishRead More →
In the month ending mid-April, rising food and energy costs brought Nepal’s annual inflation to a near six-year high, just as the economy was beginning to recover lost tourist revenue due to the coronavirus outbreak. According to statistics issued by Nepal Rastra Bank, annual consumer price-based inflation increased to 7.28Read More →
ISLAMABAD: inflation in Pakistan has reached a new high as the price of lemons has surpassed the price of beef. According to facts, the country’s bachat bazaars, which were established to bring relief to the masses from rising inflation, have also failed to supply low-cost commodities to the people. InRead More →
With immediate effect, the State Bank of Pakistan (SBP) has stated that five working days will be observed after the Holy Month of Ramadan. According to a press release, SBP will operate from 9 a.m. to 5:30 p.m. Monday through Thursday, with a prayer/lunch break from 1:30 p.m. to 2:15Read More →
Dr. Murtaza Syed, the senior most Deputy Governor of the State Bank of Pakistan (SBP), was appointed interim Governor of the SBP on Friday. He has more than 20 years of experience in macroeconomic study and policymaking, according to details. Dr. Murtaza Syed also spent 16 years at the InternationalRead More →
On Wednesday, the Oil and Gas Regulatory Authority (OGRA) ordered all Oil Marketing Companies (OMCs) to take suitable steps to ensure adequate gasoline supplies for tourists over the Eid holidays. In a brief press statement, OGRA spokesman Imran Ghaznavi said, “The authority has requested all OMCs to increase their shipmentsRead More →
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