Budget 2023: Aluminium industry seeks removal of tax on raw materials

Jan 10, 2023

Confronted with challenges stemming from rising foreign imports, a declining market share and escalating costs, aluminium industry representatives have sought government intervention for supportive...

Pakistan open to importing cheap oil from Russia

Jun 30, 2022

Islamabad [Pakistan], June 30 : Amid a financial crunch, rising inflation and deepening economic crisis, Pakistan is mulling oil imports from Russia.

India unveils new blocks for oil exploration, An analysis

Oct 22, 2022

New Delhi (India), October 22 (ANI/PNN): In order to decrease the rising burden of oil imports, India recently opened up bidding for 26 blocks...

Turkey halts trade with Israel over Gaza humanitarian crisis

May 03, 2024

The decision follows remarks by Israel's foreign minister, who accused Turkish President Recep Tayyip Erdogan of violating agreements by obstructing Israeli imports and exports...

Pakistan's rising debts, decreasing exchange reserves raise concern

Jul 14, 2022

Islamabad [Pakistan], July 14 : Pakistan is in economic turmoil as its foreign debts are rising while foreign exchange reserves are decreasing.

RBI report shows India's forex reserves cover stands at 11.2 months of imports

Oct 30, 2024

The Reserve Bank of India (RBI) in its latest report stated that the country's foreign exchange reserves cover of imports (on balance of payments...