ISTANBUL (Reuters) – The number of tankers waiting to leave the Black Sea through Turkish straits increased on Friday, and Turkiye became a significant roadblock in the way of a complicated international scheme to deny Russia the proceeds from oil sales during times of conflict. Despite days of pressure fromContinue Reading
ISLAMABAD – On Friday, the Supreme Court ruled that a revised agreement between the Pakistani government and a Canadian company over the Reko Diq gold and copper mining project in Balochistan was lawful. An opinion on a referral submitted by President Arif Alvi was released by a five-judge panel ofContinue Reading
BENGALURU (Reuters) – According to NordVPN, one of the world’s major VPN service providers, about five million people worldwide have had their data stolen and sold on the bot market, including 600,000 from India, making it the most impacted nation. Hackers use bot marketplaces to sell stolen data from victims’Continue Reading
(AFP) – Major oil-producing countries, led by Saudi Arabia and Russia, are expected to maintain current output levels at a meeting on Sunday, ahead of the imposition of further sanctions on Moscow. The Organization of the Petroleum Exporting Countries (OPEC), which has 13 members, will meet with ten other oil-producingContinue Reading
The rupee’s value versus the dollar has increased by Rs 148.25 in the last 23 years. The rupee has been depreciating against the US currency for several years now. When Pervez Musharraf took power on October 12, 1999, the dollar was trading at Rs 51.75. After a 15% drop inContinue Reading
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 restrictionContinue Reading
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 independenceContinue Reading
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 atContinue Reading
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 toContinue Reading
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 finishContinue Reading
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