China’s consumer prices fall fastest in 3 years | The Express Tribune

BEIJING: China’s consumer prices fell the fastest in three years in November while factory-gate deflation deepened, indicating rising deflationary pressures as weak domestic demand casts doubt over the economic recovery. The Consumer Price Index (CPI) dropped 0.5% both from a year earlier and compared with October, data from the National Bureau of Statistics (NBS) showed […]

Oil prices fall amid US production, China energy concerns

An oil plant located in the United States. — AFP/File In response to indications of increased production in the US and prospects of poor energy demand in China, investors in New York responded by sending oil prices down more than $3 a barrel on Thursday, prolonging losses from the previous session. Brent futures had dropped […]

Stocks retreat, fall below historic 54,000-mark

Stock broker monitor television screen at a booth, during a trading session at the Pakistan Stock Exchange, in Karachi, Pakistan. — AFP/File  KARACHI: The Pakistan Stock Exchange (PSX) on Tuesday jumped to a historic high — shooting past 54,000 points — but dropped at close, ending its days-long winning streak. The KSE-100 index touched its […]

With larger fall, rupee near 1-month low | The Express Tribune

KARACHI: Pakistani currency on Wednesday hit nearly one-month low above Rs282.50 against the US dollar in inter-bank market, as it maintained the losing streak for the eighth consecutive day ahead of first IMF review under the $3 billion loan programme. According to State Bank of Pakistan’s (SBP) data, the rupee lost 0.42%, or Rs1.18, and […]

Forex reserves fall by $220m to $7.5b | The Express Tribune

KARACHI: Pakistan’s foreign exchange reserves fell by $220 million on a weekly basis, with the total now standing at $7.494.2 billion. Reserves dropped by 2.8% as of October 20, data released on Thursday by the State Bank of Pakistan (SBP). According to data released by the central bank on Thursday, its foreign currency reserves decreased […]

Global stocks fall, US bond yield rise as Israel gears up for major ground assault

Artillery shells are lined up next to an armoured vehicle as Israeli soldiers take positions near the border with Gaza in southern Israel on October 9. — AFP A regional dispute in occupied Palestine and concerns that US interest rates would stay high for longer than initially anticipated caused stock markets to decline on Monday, […]

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 […]

Petroleum sales fall to 44-month low | The Express Tribune

KARACHI: The demand for petroleum products in Pakistan hit a 44-month low at 1.06 million tons in September 2023, primarily due to a surge in prices in line with global uptrend. Topline Research analyst Myesha Sohail, in a commentary, said sales of petroleum products declined to the lowest level since the Covid-19 lockdown in March […]

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