Luojiashan tanker sits anchored in Muscat, as Iran vows to close the Strait of Hormuz, amid the US-Israeli conflict with Iran, in Muscat, Oman, March 7, 2026. — Reuters Traders rapidly reduce Fed rate cut wagers for year.All major US stock indexes log daily and weekly declines.US…
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India to ‘continue buying Russian oil’ despite Trump’s threats of penalties
A man stands at an Indian Oil fuel station in Sonipat, India, March 5, 2025. — ReutersIndian officials deny policy change on Russian oil imports.Russia remains India’s top oil supplier, providing 35% of imports.Trump threatened 100% tariffs on countries that buy Russian oil.
World Bank seeks concrete power reforms ahead of major funding in Pakistan
An undated image of the World Bank building. — ReutersFinMin holds meeting with WB Country Director for Pakistan.WB acknowledges Pakistan progress toward stability.Both sides agree targeted sectoral reforms could boost exports.
ISLAMABAD: The World Bank has urged Pakistan…
Pakistan revises barter trade mechanism with Iran, Russia, and Afghanistan
Barter transaction period extended from 90 to 120 days.Private firms permitted to form trade consortia.ECC approved amendments to the mechanism earlier this month.
Pakistan has implemented a revised business-to-business Barter Trade Mechanism with Iran, Russia, and Afghanistan…