Oil prices climbed nearly 3 per cent on Monday on Opec+’s decision to delay plans to increase output by a month, while the market braced for a critical week in which Americans will elect a new president. Brent futures were up $2.05, or 2.8pc, at $75.15 a barrel by 12:50pm ET (1750 GMT). US West Texas Intermediate (WTI) crude rose $2.09, or 3pc, to $71.56. On Sunday, Opec+ said it would exten
Oil prices climbed nearly 3 per cent on Monday on Opec+’s decision to delay plans to increase output by a month, while the market braced for a critical week in which Americans will elect a new president. Brent futures were up $2.05, or 2.8pc, at $75.15 a barrel by 12:50pm ET (1750 GMT). US West Texas Intermediate (WTI) crude rose $2.09, or 3pc, to $71.56. On Sunday, Opec+ said it would exten
The Punjab government on Monday took a U-turn on its consideration to acquire Pakistan International Airlines (PIA), while Khyber Pakhtunkhwa (KP) Chief Minister Ali Amin Gandapur decided to go ahead with a plan to outbid the current offer of Rs10 billion by the Blue World City consortium. The much-anticipated privatisation of PIA hit a standstill last week as the only bid fell Rs75bn short of
Higher foreign inflows are expected this month as the remittances crossed $3 billion in October, while the State Bank of Pakistan (SBP) expects $500 million from the Asian Development Bank (ADB) this week. In a briefing with the analysts and researchers after the announcement of the monetary policy on Monday, SBP Governor Jameel Ahmed disclosed that the remittances in October had crossed the $3
Prime Minister Shehbaz Sharif on Monday informed cabinet members that Qatar and Azerbaijan will invest $5 billion in the country’s various sectors. Addressing a federal cabinet meeting, the prime minister said he has held very productive meetings with leaders of Saudi Arabia and Qatar in which different subjects like solar energy, mines, minerals and IT sectors were discussed. He said a dele