Oil prices fall amid renewed banking fears

NEW YORK,March 25 (Xinhua/APP):Oil prices decreased on Friday, but managed to notch a gain for the week. The West Texas Intermediate (WTI) for May delivery dropped 70 cents, or 1 percent, to settle at 69.26 U.S. dollars a barrel on the New York Mercantile Exchange. […]

IMF being used as a weapon against Pakistan

Islamabad, March 24 (Online): The Pakistan Economy Watch (PEW) on Friday said the IMF is being used as a weapon against Pakistan. The ever-increasing demands of the international institution have left our government helpless, it said. IMF is ruining Pakistan’s economy by delaying the deal […]

LatAm food crisis on the table at Ibero-American summit

Santo Domingo, March 24 (AFP/APP): Addressing a food crisis affecting a fifth of Latin America’s population featured high on the agenda of an Ibero-American leaders summit that started in the Dominican Republic on Friday. According to the United Nations’ Food and Agriculture Organization, Latin America […]

Bank shares sink as contagion fears return

London, March 24 (AFP/APP): Bank shares tumbled on Friday, jolting stock markets as fears about the health of the financial sector resurfaced, with Deutsche Bank now in the eye of the storm. Markets had rallied earlier this week after financial authorities took steps aimed at […]

President approves restructuring of NEC

ISLAMABAD, March 22 (Online): President Arif Alvi has accorded approval to restructuring of National Economic Council (NEC). The restructuring has been made due to induction of new governments in KP and Punjab. SM Tanvir minister for energy, industries, commerce of Punjab and Himayat Ullah Khan […]

SBP announces banking hours for Ramazan-ul-Mubarak

KARACHI, Mar 22 (APP): The State Bank of Pakistan, on Wednesday, announced office business hours during Ramazan-ul-Mubarak The Central Bank, in a statement issued here, announced that in wake of the ensuing holy month of Ramazan-ul-Mubarak 1444 AH, the State Bank of Pakistan as well […]