Author: Admin

LONDON: A sharp surge in global oil prices triggered by the escalating conflict involving Iran has significantly reduced the room for interest rate cuts among emerging market central banks, as policymakers confront rising inflation risks and growing market uncertainty. After years of economic shocks — including the COVID-19 pandemic and the Russian invasion of Ukraine — many central banks had recently begun signaling optimism about easing inflation and strengthening global economic resilience. However, the latest escalation in the Middle East following military actions by the United States and Israel against…

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ISLAMABAD: The mission of the International Monetary Fund (IMF) on Thursday confirmed that it could not reach a staff-level agreement (SLA) with Pakistan on the third review of the country’s $7 billion Extended Fund Facility (EFF) and the second review under the Resilience and Sustainability Facility (RSF), although discussions made considerable progress. In its end-of-mission statement, the IMF said the delegation, led by Iva Petrova, held detailed talks with Pakistani authorities in Karachi and Islamabad, as well as virtually, from February 25 to March 11. “While considerable progress was made…

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Lahore: Two ships, ARIES with 11,000 metric tons and ATLANTIC with 12,000 metric tons, have docked at Port Qasim. Additionally, two more LPG consignments, ULLSWATER with 3700 tons and MD23 with 3500 tons, will arrive before Eid al-Fitr. This was stated by Irfan Khokhar, Chairman of the LPG Distributors Association, in an interview with Express. He said that although the official price of LPG is Rs 225 per kg, the gas mafia is selling it at Rs 350-450 per kg, citing the US-Iran war and rising global oil prices, which…

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