A file photo of of an oil pump jack. — AFPPrimary US benchmark West Texas Intermediate shaves below $88 a barrel.Tokyo, Seoul and Taipei stock exchanges surge by more than 2%.Hong Kong’s gains more muted, while Shanghai’s main benchmark loses 0.4%.
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UAE loan recall pressures Pakistan’s fragile external position: report
Prime Minister Shehbaz Sharif and President of UAE Sheikh Mohamed bin Zayed Al Nahyan meet in Abu Dhabi on May 23, 2024. — PIDReserves cover only three months imports.Central bank may resort to dollar swaps.IMF tranche delay compounds financial uncertainty.
Pakistan’s…
Dubai to build world’s largest automotive marketplace to boost vehicle trade
Deputy Ruler of Dubai and Minister of Finance Maktoum bin Mohammed witnesses launch of Dubai Auto Market development project. — X/@DXBMediaOffice
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SBP sees growth below target, inflation to rise amid currency strain
State Bank of Pakistan building in this undated image. — AFP/FileReserves may reach $17.5bn by June.Inflation could exceed target by April–June.NA panel told growth to remain below 4.2%.
ISLAMABAD: The State Bank of Pakistan on Tuesday informed the National Assembly…