Energy prices: industry begins to buckle? The World Bank’s latest Pakistan Development Update released in October 2022 highlights the rapid rise in ... Updated 19 Oct, 2022 06:26am
World Germany forecasts recession, soaring inflation in 2023 FRANKFURT: Germany’s output will contract 0.4 percent next year and inflation is expected to hit seven percent, ... Published 13 Oct, 2022 05:59am
Opinion Idled plants fuel German angst about de-industrialisation The familiar plume of smoke no longer billows from one of the two chimneys at ArcelorMittal’s massive steelworks ... Published 13 Oct, 2022 05:59am
World IMF warns against ‘costly’ tax cuts to fight inflation WASHINGTON: Soaring food and energy prices are raising the risk of social unrest but attempting to tame costs... Published 12 Oct, 2022 06:13pm
Opinion Dar-dollar parity? Really? What’s all this fuss about (former finance minister) Isahq Dar and the dollar? And why did markets, both equity ... Published 29 Sep, 2022 05:54am
Opinion Europe energy crisis may deepen with looming liquidity crunch Europe’s problems in sourcing oil and gas this winter after a dispute with Russia may be exacerbated by a new... Published 22 Sep, 2022 05:48am
Business & Finance Headline inflation revised up to 18.0pc: ADB forecasts economy to slow down to 3.5pc ISLAMABAD: Pakistan’s economy is forecast to slow to 3.5 percent in the fiscal year 2023 (ending 30 June 2023) from... Published 22 Sep, 2022 05:48am
Print UN chief steps up his attacks on oil, gas companies Antonio Guterres pushes developed countries to tax fossil fuel windfall profits Updated 21 Sep, 2022 09:54am
Opinion No way around another recession? This is turning out to be a sombre week for international markets as they digest the upside August inflation ... Published 15 Sep, 2022 05:57am
Business & Finance Rocketing energy prices hit as Europe debates gas price cap LONDON/PARIS: Europe felt the chill of soaring energy prices on Monday, with France saying it could not foot all of... Published 13 Sep, 2022 06:12am
Markets German gas firm VNG seeks govt aid as energy prices soar BERLIN: German gas company VNG on Friday became the latest European energy firm to seek government aid as reduced... Published 12 Sep, 2022 07:05am
Print Miftah estimates losses at $18.5bn LAHORE: The Federal Minister for Finance & Revenue Miftah Ismail Saturday directed the Chairman FBR and Governor... Updated 11 Sep, 2022 10:44am
Opinion Risks rising for the West as Ukraine war drags Russia’s war against Ukraine appears to be settling into a grinding conflict that could last years and prove... Published 10 Sep, 2022 04:14am
Markets Aluminium, copper prices climb on worries about supply LONDON: Aluminium and copper prices marched higher on Thursday on worries that stoppages due to high energy prices ... Published 09 Sep, 2022 06:09am
Markets German DAX slides more than 2pc after Russian gas shutdown FRANKFURT: The Germany’s DAX slid more than 2% to lead declines among the European stock indexes on Monday after... Published 06 Sep, 2022 04:08am
Business & Finance OPEC+ to weigh rollover or cut at Sept 5 meeting LONDON: OPEC+ is likely to keep oil output quotas unchanged for October at a meeting on Monday, three OPEC+ sources... Updated 03 Sep, 2022 12:38pm
Markets Substantial hike in FCA for KE: Step termed ‘disastrous for steel industry’ ISLAMABAD: The Nepra’s decision of increasing energy tariff for K-Electric consumers by Rs11.10 per unit for June... Published 30 Aug, 2022 06:21am
Business & Finance Bank of Korea’s Rhee says policy tightening unlikely to end before Fed JACKSON HOLE, Wyo./SEOUL: The Bank of Korea (BOK) must keep raising interest rates until the rate of inflation is in... Published 29 Aug, 2022 05:44am
Opinion Heat or eat? Winter protests loom as energy poverty sweeps Europe Europe is facing a major social test ahead of winter, as it juggles rising discontent, fuelled by soaring energy... Published 26 Aug, 2022 05:35am
Business & Finance Rouble steadies near 60 vs dollar MOSCOW: The Russian rouble stabilised near 60 against the dollar on Thursday, lacking new momentum, while shares in... Published 26 Aug, 2022 05:35am
Editorials An unfortunate pharma sector-regulator row EDITORIAL: Reports that serious differences between pharmaceutical manufacturers and the drug regulatory authority... Published 20 Aug, 2022 03:41am
Markets Copper rises on hopes for improved Chinese demand LONDON: Copper prices rose on Thursday for the first time in a week as hopes for solid demand in China offset fears... Published 19 Aug, 2022 05:57am
BR Research Power tariffs: painful adjustments continue Electricity consumers will have it tough in FY23. The power system regulator notified an upward adjustment of... Published 16 Aug, 2022 09:02am
Markets Most Gulf markets end higher DUBAI: Most Gulf stock markets ended higher on Monday, helped by strong earnings momentum, although the region... Published 02 Aug, 2022 05:36am
Print Hydroelectric energy: Wapda’s financial woes worsen as invoices by CPPA-G halved ISLAMABAD: The financial woes of the Water and Power Development Authority (Wapda) have reportedly aggravated due to... Updated 31 Jul, 2022 09:37am
Business & Finance Italian energy giant Eni reports booming profits MILAN: Italian energy giant Eni said Friday that its profits sky-rocketed in the second quarter as energy prices... Published 29 Jul, 2022 05:21pm
Business & Finance Bangladesh seeks IMF support to head off financial crisis DHAKA: Bangladesh has asked the International Monetary Fund for support in riding out a financial shock triggered by... Published 27 Jul, 2022 06:43am
Markets Global electricity demand slowing sharply: IEA PARIS: Global demand for electricity is slowing sharply this year due to sluggish economic growth and runaway energy... Published 21 Jul, 2022 06:24am
Pakistan ‘Cost of borrowing also increasing’: Social instability growing due to high energy, food prices: analyst KARACHI: Social instability is growing in Pakistan due to three major challenges, namely rising energy prices, hike... Published 17 Jul, 2022 05:19am
Print IMF chief sees ‘exceptionally uncertain’ global outlook, deteriorating debt situation NUSA DUA, (Indonesia): IMF chief Kristalina Georgieva on Saturday warned officials from the Group of 20 major... Published 17 Jul, 2022 05:19am