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اردو

Oct 24, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

World

Russian oil price cap will ease inflation, harm Moscow’s finances, Yellen says

Reuters Published September 2, 2022

WASHINGTON: U.S. Treasury Secretary Janet Yellen said that a price cap on Russian oil agreed by Group of Seven (G7) finance ministers on Friday would help fight inflation while delivering a blow to Moscow’s ability to finance its war in Ukraine.

The price cap helps achieve “our dual goals of putting downward pressure on global energy prices while denying Putin revenue to fund his brutal war in Ukraine,” Yellen said in a statement.

Yellen ‘optimistic’ on deal to set price cap on Russian oil

Janet Yellen G7 Russian oil G7 leaders

Comments

Comments are closed.

samir sardana Sep 07, 2022 08:14pm

LIKE I SAID ON "https://www.brecorder.com/news/40164316/oil-prices-dive-as-us-considers-record-reserves-release" ON APR 01, 2022 04:17AM "The aim is to reduce and stop Russian Oil sales to EU and also TO REDUCE THE OIL RATES FOR RUSSIA !" THE AIM OF RUSSIAN SANCTIONS ETC.IS TO SRANGULATE RUSSIA EVEN THE US FED HIKES ARE TO KILL OIL - NOT INFLATION ! TARGET = RUSSIA ! SINCE BRENT IS NOT FALLING - SO THE OIL CAP US = ZUBIN MEHTA THE COMPOSER ! AT EOD - EU WILL BUY OIL AND GAS FROM US OR QATAR (US ALLY). SO US IS HAVING A BALL, AND YELLEN IS SMILING ! PUTIN WILL ALSO NEED TO TAKE DRASTIC STEPS - AS, THE LONGER THE WAR LASTS - THE WORSE IT WILL BE FOR RUSSIA AND ITS MILITARY - FATIGUE AND MONTONY OF WAR !SO NEW WEAPONS WILL NEED TO BE USED = DRASTIC ESCALATION ! dindooohindoo

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Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Oct 23	277.75
USD PKR Interbank Buying / Oct 23	277.55
USD to Japanese Yen / Oct 23	152.38
USD to Swiss Franc / Oct 23	0.87
Pound Sterling to USD / Oct 23	1.30
Euro to USD / Oct 23	1.08

Stock	Volume
S&P 500 / Oct 22	5,851.20
Nasdaq / Oct 22	18,573.13
Dow Jones / Oct 22	42,924.89
India Sensex / Oct 23	80,422.80
Tokyo Nikkei / Oct 23	38,104.86
Hang Seng / Oct 23	20,716.76
FTSE 100 / Oct 23	8,320.64
Germany DAX 30 / Oct 23	19,433.89

Item	Value
Gold 10 Grams PKR / Oct 22	242,970
Crude Oil USD/Barrel / Oct 23	71.25
Karachi Cotton PKR/37.32 KG / Oct 23	18,085
Gold Spot USD/Ounce / Oct 23	2,748.70
Cotton US¢/pound / Oct 23	72.32
Petrol/Litre / Oct 24	247.03

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Oct 24 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Oct 24 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Oct 24 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Oct 24 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Oct 24 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Oct 24 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Oct 24 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Oct 24 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Oct 24 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Oct 24 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Oct 24 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Oct 24 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Oct 24 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Oct 24 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Oct 24 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Oct 24 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Oct 24 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Oct 24 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Oct 24 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Oct 24 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Oct 24 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Oct 24 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Oct 24 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Oct 24 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Oct 24 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Oct 24 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Oct 24 Telecard Limited(TELE)	12,358,668 ▲ 0.00