NEW DELHI: India’s government announced on Tuesday that it will accept foreign wheat shipments pending customs clearance, easing restrictions on exports after the country prohibited international sales of the staple on Saturday. India will also allow wheat exports to Egypt, according to the ministry. “Wherever wheat consignments have been handedRead More →
According to the Federal Bureau of Statistics, the price of a 20 kg flour bag climbed by Rs. 720 in a week.Residents of Islamabad have been struck the hardest by the spike in wheat prices, and are now obliged to buy the most costly flour in the country. A 20Read More →
With the economy under great strain, as seen by depleted foreign reserves, a rising current account deficit, and the currency plunging to a historic low, Pakistan must act quickly to reactivate the International Monetary Fund programme in order to avert a Sri Lanka-style collapse. “In order to re-enter the program,Read More →
ISLAMABAD: Textile and garment exports climbed by 25.96 percent year on year to $15.98 billion in the first ten months of the current fiscal year, owing to a significant depreciation of the rupee and a consistent rise in global demand. On Saturday, the Pakistan Bureau of Statistics (PBS) released dataRead More →
According to the Federal Bureau of Statistics, the price of a 20 kg flour bag has risen to Rs. 720 in one week.Residents in Slamabad have been impacted the worst by the flour price hike, and are now obliged to purchase the most costly flour in the country.The price ofRead More →
The Pakistan Tehreek-e-Insaf (PTI) government borrowed $52 billion in external loans in three years and eight months, placing it first among the previous four governments. In fact, the PTI returned 70% of the debts incurred by previous governments. It had surpassed Pakistan Muslim League (PML-N), which had $49.761 billion inRead More →
Only a few days after the US Federal Reserve announced a rise in interest rates to help battle inflation, the world’s leading internet businesses saw their value plummet by over $1 trillion over three trading sessions. The Federal Reserve’s recent policy aided the selling of several equities. Since then, however,Read More →
Bitcoin plummeted below $30,000 for the first time since July 2021 on Tuesday, as investors flew to cryptocurrencies in concerns of aggressive US monetary tightening and increasing inflation. The world’s largest cryptocurrency by market capitalization fell as low as $29,764 on Tuesday before rebounding more than $30,000, continuing a recentRead More →
The summer blockbuster season has officially begun. “Doctor Strange in the Multiverse of Madness,” the latest Marvel Cinematic Universe film, made $185 million in its first weekend in theatres, the most of any film released in 2022. “Nothing says movie theatres are returning like a Marvel film making a hugeRead More →
Despite an initial Wall Street rally because to a strong US jobs data, Asian equities slumped Monday as investors remained concerned about inflation and the lingering impact of China’s Covid lockdown measures. A number of problems, including rising inflation, rising interest rates, China’s economic slowdown, and the war in Ukraine,Read More →
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