The State Bank of Pakistan (SBP), injected Rs 9,995.35 billion through Reverse Repo Purchase and Shariah Compliant Mudarabah based Open Market Operations (OMO) on Friday to maintain liquidity in the market. The central bank conducted the Open Market Operation, Reverse Repo Purchase (Injection) for 7 and 14 day tenors on October 03, 2025 and injected […]
market
Oil Prices Surge After Israeli Attack on Qatar
Global oil markets saw a sharp rise in prices following Israel’s airstrike on Qatar. The sudden escalation in the Middle East has fueled concerns about supply disruptions and increased market uncertainty. According to market data, U.S. WTI crude rose by 0.6%, reaching $62.63 per barrel, while Brent crude also climbed by 0.6%, trading at $66.39 […]
Government urges quick wheat sales to stabilise market
The federal government has directed the Pakistan Agricultural Storage and Services Corporation (Passco) to speed up wheat sales. This move aims to stabilize the market before the new crop arrives. Officials believe that timely sales can help avoid financial losses during this transition. Minister for National Food Security, Rana Tanveer Hussain, chaired a meeting at […]
New vegetable and fruit market in RUDA area
LAHORE: On November 17, 2022, a meeting to work out the modalities and delineations for shifting of fruit and vegetable market was held at RUDA headquarters. Commissioner Lahore and Secretary Agriculture also attended the same, while deliberating different options it was decided that the fruit and vegetable market will be built on modern lines of […]
Global stocks slump on recession fears
LONDON: Global markets took a beating Thursday after Wall Street suffered one of its worst batterings in two years over recession fears after decades-high inflation. Downcast earnings reports from retailers have exacerbated worries about consumer resilience and experts sounded gloomy. “Inflation is catching up and profit margins are taking a hit. Soon enough though, those […]
European stocks open mixed tracking global data
European stock markets opened mixed Monday as Chinese data added to surging inflation concerns. London’s benchmark FTSE 100 index dipped 0.2 percent to 7,110.00 points. In the eurozone, Frankfurt’s DAX 30 grew 0.1 percent to 15,783.85 points and the Paris CAC 40 gained 0.2 percent to 6,827.89. Chinese factory inflation rose more than expected in […]
Top oil producers expected to agree on modest output boost
The world’s leading oil producers meet later on Sunday, with observers expecting an agreement to modestly boost output from August, after the United Arab Emirates blocked a deal earlier this month. Days of negotiations of the OPEC+ grouping to continue to further ease production cuts ended without agreement on July 5, exposing a row between […]
Pakistan eyes stronger market presence in China through CIIE
Pakistan attaches great importance to the China International Import Expo (CIIE) and hopes to gain deeper insights into China’s market and business patterns through the event, said Hussain Haider, Pakistani consul general in Shanghai. In an interview he said, many companies from Pakistan have attended the past three editions of the CIIE, and his country […]
Bitcoin drops under $30,000 for first time in five months
Bitcoin fell underneath $30,000 on Tuesday for the first time in five months, hit by concerns over China’s ongoing crackdown on the world’s most popular cryptocurrency. At about 1230 GMT, bitcoin sank as low as $29,334, a level last seen in January, with analysts citing Chinese efforts to curb trading and mining operations. The unit […]
Oil demand set to exceed pre-pandemic levels in 2022: IEA
Oil demand is set to rise above pre-pandemic levels by the end of next year, the IEA said Friday, but producers have sufficient capacity rise to the challenge. In its first detailed look at next year in its regular monthly review of the oil market, the International Energy Agency sees a gradual return of demand […]