Oil prices climbed about 2 per cent to a four-month high on Monday on expectations that wider US sanctions on Russian oil would force buyers in India and China to seek other suppliers. Brent futures rose $1.40, or 1.8pc, to $81.16 a barrel by 11:18 a.m. EST (1618 GMT), while US West Texas Intermediate (WTI) crude rose $2.15, or 2.8pc, to $78.72. That put Brent on track for its highest close
Azerbaijan is set to establish a trade centre in Lahore to strengthen ties between the business communities of both countries and create new opportunities for mutual cooperation. This was announced by Azerbaijan’s Ambassador Khazar Farhadov during his speech at the Lahore Chamber of Commerce and Industry on Monday. “We are going to establish Azerbaijan Trade Centre in Lahore and Pakistan-Aze
The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) on Monday signed a memorandum of understanding (MoU) to form Pakistan-Bangladesh Joint Business Council (PBJBC) to strengthen, facilitate and enable trade between the two countries. The delegation headed by FPCCI President Atif Ikram Sheikh als
Deputy Prime Minister Ishaq Dar has emphasised the need to establish state-of-the-art textile parks through partnerships with international and domestic investors to boost exports and create jobs. Chairing a meeting of the Working Group for the Establishment of Textile Parks in Pakistan on Monday, Mr Dar observed that these parks would help drive export-led industrialisation in the country.
The prices of high-speed diesel (HSD), petrol and kerosene are estimated to increase by up to Rs6 per litre on Wednesday for the next fortnight due to higher international prices. Informed sources said the ex-depot petrol price was estimated to go up by Rs5-6 per litre depending on the final calculation on Jan 15. Kerosene and diesel prices are expected to rise by about Rs3 and 2 per litre, res