US eases military export rules to strengthen AUKUS alliance: officials | The Express Tribune
The United States has announced a significant policy change to reduce restrictions on transferring military gear and technology with Britain and Australia. This move is set to strengthen the AUKUS security alliance formed in 2021 to counter China’s growing influence. The alliance includes a substantial investment of A$368 billion ($245 billion) to help Australia acquire […]
Weekly inflation eases 1.7% over oil price fall | The Express Tribune
ISLAMABAD: Owing to the reduction in prices of petroleum products in line with global trend and the fall in dollar rate in the wake of a crackdown on currency smugglers and hoarders, the inflation rate has come down in Pakistan, which will provide some relief to people in the current challenging times. During the week […]
Rupee gains ground, eases slightly from historic low
Foreign currency dealer selling US dollar bills at a money exchange company in Karachi on January 10, 2023. — INP After falling against the US dollar for three consecutive sessions, the Pakistani rupee reversed the trend on Tuesday. The local unit gained nearly Rs2 against the US dollar to reach Rs267.89 after the developments surrounding […]
Oil climbs above $121 as China eases curbs | The Express Tribune
LONDON: Oil prices climbed above $121 a barrel on Monday, hitting a two-month high as China eased Covid-19 restrictions and traders priced in expectations that the European Union will eventually reach an agreement to ban Russian oil imports. Trading activity was muted due to a public holiday in the United States. The Brent crude futures […]
Equity markets extend rally as China eases curbs
Global Stock Markets. — AFP/File LONDON: Asian and European stock markets advanced Monday on a wave of investor optimism as China eases some of its strict COVID curbs in Shanghai and Beijing. London equities gained 0.2% in late morning deals, while Frankfurt won 0.8% and Paris gained 0.9% around midday in the eurozone. Asian indices […]
Asian markets rise as Fed eases fears over huge rate hike
Photo: AFP/file HONG KONG: Asian markets rallied Thursday following a Wall Street surge after the Federal Reserve played down chances of a huge interest rate hike in the near future, while oil extended gains as the European Union moved to ban imports from Russia. US central bank officials announced an expected half-point lift in borrowing […]
Rupee recovers 1.75 as political noise eases | The Express Tribune
KARACHI: The rupee staged a sharp recovery on Monday as it appreciated Rs1.75 in the inter-bank market to close at Rs182.93 against the US dollar aided primarily by the easing political noise and the emergence of clarity. Investor speculation ended in the foreign exchange market as the political scene turned stable ahead of the formation […]
Inflation eases to 12.2% in February | The Express Tribune
ISLAMABAD: The inflation rate eased to 12.2% in February 2022 due to the slow pace of increase in prices of non-food items but food inflation rose again on the back of surge in prices of perishable goods, the Pakistan Bureau of Statistics (PBS) reported on Tuesday. There was a significant rise in prices of perishable […]
Equities rise as volatility eases slightly
Equities rose Tuesday as the volatility that has gripped markets after Russia’s invasion of Ukraine eased slightly. — NYSE HONG KONG: Equities rose Tuesday as the volatility that has gripped markets since Russia invaded Ukraine eased slightly, though oil extended gains as the United States contemplates releasing some of its reserves to temper prices. With […]
SBP further eases housing finance | The Express Tribune
KARACHI: The government has further relaxed the rules for housing finance and allowed individual buyers to obtain loans for residential units in projects under development. “In order to further facilitate buyers of housing units in under construction projects, the requirement of builder/ developer to avail construction financing is being relaxed,” said the central bank in […]