The Businessmen Panel of the Federation of Pakistan Chambers of Commerce & Industry has issued a stark warning over the sharp decline in Pakistan’s exports, criticizing government policies for failing to support domestic industries and exporters. Former president of the Federation of Pakistan Chambers of Commerce & Industry and Chairman of the Businessmen Panel, Mian Anjum Nisar said here on Su
Russia has almost doubled exports of liquefied petroleum gas in the January - November period to ex-Soviet republics in Central Asia and Afghanistan to 1.016 million metric tons, industry sources told Reuters on Friday. Moscow has had to divert supplies of LPG, or propane and butane, from Europe, which introduced restrictions on LPG imports from Russia in December 2024 over the war in Ukraine.
Precious metals pulled back on Monday, with silver trading near the $80 per ounce mark after hitting a record high earlier in the day and gold easing from near record highs, on profit-booking and geopolitical tailwinds cooling safe-haven demand. Spot gold was down 0.4% at $4,512.30 per ounce, as of 0426 GMT, after hitting a record high of $4,549.71 on Friday. US gold futures for February del
Oil prices rose on Monday as investors weighed the outcome of talks between the US and Ukrainian presidents on a potential deal to end the war in Ukraine, as well as Middle East tensions that could disrupt supply. Brent crude futures rose 63 cents, or 1.04%, to $61.27 per barrel at 0443 GMT, while US West Texas Intermediate crude was up 58 cents, or 1.02%, to $57.32. Both benchmark prices fe
The Pakistani rupee strengthened against the US dollar, appreciating 0.04% during the opening minutes of trading in the inter-bank market on Monday. At 10am, the local currency was hovering at 280.05, a gain of Re0.12 against the greenback. During the previous week, the Pakistan rupee posted a marginal gain as it appreciated by Re0.08 or 0.03% against the US dollar in the inter-bank market.