Tag: Decline
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Gold prices fall across the country
This news report is covered by Areej Ahsan. LAHORE: The price of gold per tola has come down by Rs 200 across the country. In Pakistan, gold prices are slightly different throughout the cities, including Karachi, Lahore, Peshawar, Quetta. But Karachi is the core of the gold market in Pakistan. The gold rate in Pakistan…
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European Stock Indicies Decline
London, Jan 12 (AFP/APP): European stock indices declined Tuesday as hopes for coronavirus vaccinations and US monetary stimulus competed with fears over surging infections, tougher lockdowns, and political turmoil across the Atlantic, traders said. The dollar was mostly lower against other major currencies, while oil prices rose. Gains by the pound against the dollar weighed…
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Evidence of America’s Decline
Moscow, Jan 7 (AFP/APP): Russia on Thursday pointed to the storming of the US Capitol building as evidence of America’s decline, with officials saying its out-of-date electoral system and deep divisions had left its democracy “limping on both feet”. Under banners reading “Storm of the Capitol” and “Chaos in Washington”, Russian state television showed rolling…
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Pakistan’s Exports to Afghanistan Decrease 25.68% in 2 months
Pakistan’s exports to Afghanistan have decreased by 25,68% in two months.
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World Bank forecasts rise in poverty across South Asia
ISLAMABAD (8th October, 2020): The World Bank has reportedly forecast economic recession and rise in poverty across Pakistan, over a period of two years. According to reports, the World Bank in its report in the South Asia Economic Focus said “economic growth is projected to remain below potential”. According to the report specific to Pakistan,…
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BP likely to lose $17.5 billion as virus hits demand for oil
British Petroleum (BP) has predicted that oil prices will remain low for decades in the wake of measures taken by various governments to reduce carbon emissions following the coronavirus outbreak. From now until 2050, the average price of a barrel of Brent crude oil will be US$ 55, according to the company. The company has…