OPEC+ production cutbacks and increased Chinese demand drove up oil prices on Friday, helping the commodity score a weekly gain amid forecasted global economic downturn and the possibility of more interest rate rises. A barrel of Brent crude ended the day up 94 cents at $76.61. WTI crude for theRead More →
On June 19, a Turkish energy team will speak with representatives from the Iraqi oil industry in Baghdad to discuss the restart of Iraq’s norBasim Mohammed, the deputy oil minister for upstream issues in Iraq, told Reuters on Thursday that a Turkish energy team will meet with Iraqi oil authoritiesRead More →
The Sindh government upped government employee pay and hiked the minimum wage on Saturday. Sindh Chief Minister Murad Ali Shah announced a 35% pay increase for government employees in Grades 1-16, and a 30% pay increase for those in Grades 17-22. He also proposed a 17.5 percent rise in pensionRead More →
The coalition administration is prepared to publish the federal budget for the fiscal year 2023–2024 today, with an expected spending of more than Rs14.5 trillion, despite continuous political and economic challenges. Ishaq Dar, the finance minister, will present the budget address in front of the National Assembly at 4 p.m.Read More →
Reuters (Reuters) – An IMF official said on Thursday that Pakistan must satisfy the IMF on three counts, beginning with a budget to be presented on Friday, before its board will consider whether to release at least some of the $2.5 billion remaining to be disbursed under a lending programmeRead More →
ISTANBUL: On Wednesday, more than a week after President Recep Tayyip Erdogan’s reelection, the Turkish lira hit a new low versus the US dollar. Prior to the presidential election, the central bank had supported the currency, but at roughly 0645 GMT, it had fallen 5% to 22.77 lira to theRead More →
Prior to a yearly software developer conference, Apple Inc. (AAPL.O) shares reached a new high for the first time in 17 months on Monday, while their market value fell short of an all-time high of $3 trillion. Later in the day, Apple is predicted to unveil a mixed-reality headset, markingRead More →
Pak Suzuki Motor Company Ltd. (PSMCL), the country’s largest producer of light trucks and cars, pleaded with Prime Minister Shehbaz Sharif not to impose “new duties and taxes” in the upcoming budget for 2023–24, citing its struggles and setbacks as a result of “economic uncertainties.” The auto assembly firm, accordingRead More →
The U.S. National Security Agency (NSA) was planning to exploit specifically created backdoor flaws in Apple phones, according to a report released on Thursday by Russia’s Federal Security Service (FSB). This malware was previously undisclosed. Several thousand Apple phones, including those of domestic Russian users, have been infected, according toRead More →
An alleged lease disagreement led Malaysian officials to confiscate a Boeing 777 from Pakistan International Airlines (PIA). A Malaysian court ordered the seizure of the BMH-registered aircraft due to the non-payment of $4 million. A PIA aircraft has already been intercepted in this manner twice. After the passengers boarded, anRead More →
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