Iranian Rial Hits Historic Low Against US Dollar Amid Ongoing Decline
TEHRAN: The Iranian currency, the rial, continues its downward spiral, reaching a historic low against the US dollar. In the open currency market, one...
Business
OPEC+ Maintains November Oil Production Targets Amid Market Volatility
VIENNA: OPEC+ has decided to keep its oil production targets unchanged for November, amidst ongoing uncertainty in the global market. The decision, made during...
Inflation Declines Slightly, Yet High Prices Persist for Consumers
KARACHI: Recent reports indicate a slight easing of inflation rates in Pakistan, yet consumers continue to grapple with high prices across essential goods and...
State Bank of Pakistan Maintains Tight Monetary Policy Amid Inflation Concerns
KARACHI: The State Bank of Pakistan (SBP) is expected to uphold its tight monetary policy as financial experts warn that the central bank is...
Urea Sales Decline 13% Month-on-Month Despite Yearly Surge in Pakistan
KARACHI: Urea sales in Pakistan experienced a significant month-on-month decline of 13%, totaling 611,000 tonnes in September, despite a robust year-on-year increase of 43%....
Cotton Production Declines Amid Heatwave Concerns in Pakistan
LAHORE: A significant mid-season slowdown in cotton arrivals has raised alarms in Pakistan’s textile and ginning sectors, as early optimism for a robust harvest...
IEA Reports Release of 325 Million Barrels of Oil Amid Global Supply Concerns
PARIS: The International Energy Agency (IEA) announced on Saturday that its member countries have released 325 million barrels of oil and oil-derivative products from...
Used Car Imports Surge in September, Local Automakers Express Concerns
ISLAMABAD: Imports of used cars have surged significantly in September following the easing of regulations, prompting local manufacturers to voice their concerns. Importers, however,...
Pakistan’s Short-Term Inflation Sees 0.21% Increase Amid Economic Pressures
ISLAMABAD: Pakistan’s short-term inflation, as measured by the Sensitive Price Indicator (SPI), has risen by 0.21% for the week ending October 1, 2026, according...
Meta Implements Strategic Tax Approach for AI Data Centers Expansion
WASHINGTON: Meta Platforms Inc. is advancing its tax strategy as it expands its AI data centers across the United States, aiming to optimize operational...