Iran declares full-scale war with US amid intensifying strikes
President Pezeshkian confirms Iran is in a full-scale war with the United States, as US strikes expand beyond the Strait of Hormuz.
Tag
Inflation
Petroleum Dealers Support Daily Fuel Pricing Reform, Seek Higher Margins
Pakistan’s petroleum dealers support daily fuel price adjustments to improve transparency and request higher margins from the government.
Houthis threaten Red Sea blockade, tightening Iran’s energy stranglehold
Yemen's Houthis announce a maritime blockade on Saudi Arabia, potentially disrupting global energy markets following Iran’s closure of the Strait of Hormuz
40 life-saving medicines still unaffordable for Pakistani patients
Despite being registered, around 40 critical medicines remain unavailable due to delayed price notifications from the federal government in Pakistan.
Andy Burnham Sworn in as UK Prime Minister, Vows Cost-of-Living Measures
New Labour leader Andy Burnham appointed as UK prime minister, pledges to address cost-of-living crisis and support Ukraine.
China’s copper imports hit nine-month high, boosting global prices
Copper prices rise as China's June refined copper imports reach a nine-month high, driving global market sentiment.
Gold Prices Rise for Second Consecutive Day in Pakistan
Gold and silver prices increased in Pakistan for the second day, with gold reaching Rs. 424,536 per tola.
Burnham Sworn in as UK Prime Minister
King Charles III appoints Andy Burnham as new prime minister, facing challenges including the cost-of-living crisis.
Pakistan Faces Ongoing Economic Challenges Despite Recent Stability
Despite recent stability measures, Pakistanis face ongoing economic challenges as the country struggles with trade deficits and imported inflation.
Gold prices rise in Pakistan following international market gains
Gold per tola increased by Rs300, reaching Rs424,536 on Monday. International gold rate rose to $4,021 per ounce.
Oil Prices Surge Past $90 for First Time in Over a Month
Brent crude futures reached $90.87 per barrel amid US strikes against Iran and concerns over Strait of Hormuz disruptions, impacting Pakistan's economy.
Andy Burnham to Lead Labour as New British PM
Labour's Andy Burnham set to become Britain's sixth prime minister since 2016, promising a different approach to public spending and the economy.
KGCA Warns of Nationwide Strike Over Fuel Price Hikes
Karachi Goods Carriers Association warns of a nationwide strike if fuel prices are not reversed, citing financial crisis and operational disruptions.
Pakistan’s Oil Import Bill Surpasses IMF Forecast
Pakistan’s oil import bill surpassed the International Monetary Fund’s forecast by $1.58 billion, driven by global oil price hikes.
Pakistan Launches Strategic Petroleum Reserves Amidst Tensions
Pakistan is establishing its first-ever Strategic Petroleum Reserves (SPR) amid Middle East tensions. The government aims for a 45-day emergency oil buffer
Pakistan’s sugarcane sector faces productivity challenges despite price hikes
Annual price negotiations dominate Pakistan's sugarcane sector, but experts argue that focus should shift to long-term productivity improvements.
Patients Forced to Rely on Smuggled Drugs Due to Price Approval Delays
Around 40 life-saving medicines remain unavailable in Pakistan as the federal government delays price approvals, forcing patients to rely on expensive smug
Australian and New Zealand Dollars Face Pressure Amid Oil Price Surge
The Australian and New Zealand dollars face pressure as oil prices rise to over $90 a barrel, complicating central bank policies.
Australian shares rise as energy stocks surge amid oil supply concerns
Australian shares edged higher with energy stocks leading gains amid oil supply concerns, while technology and mining sectors faced declines.
US targets Iran for ninth consecutive day in Hormuz conflict
US targets Iranian military in Strait of Hormuz conflict as concerns grow over shipping and global inflation.