Tag: geopolitical tensions
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Oil prices drop again on concerns over China’s economic changes
In the wake of growing apprehensions over reduced oil consumption in China, a key player in the global oil market, oil prices witnessed a consecutive decline for the second day.
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Monthly inflation expected to ease in the coming months
In January, a discerning shift towards disinflation is anticipated, as headline inflation is poised to soften to 27.2 per cent year-over-year (YoY), attributed to a favourable base effect.
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Pakistan navigates economic turbulence in 2023: A year of challenges and resilience
2023 posed significant challenges for Pakistan’s economy, characterised by a sharp slowdown, escalating inflation, and a near-default situation.
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7th consecutive gain: Pakistani rupee closes at Rs282.9 against US dollar
In a persistent surge, the Pakistani rupee (PKR) continued its upward trend against the US dollar (USD) for the seventh consecutive session, appreciating by 0.04 per cent in the inter-bank market on Wednesday.
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iPhone manufacturer Foxconn shifts focus to electric cars amidst US-China strained relations
Taiwanese manufacturer Foxconn, renowned for its production of iPhones, has announced a strategic shift towards electric vehicles (EVs) amidst the strained relations between the United States and China.