A drone view of a pump jack and drilling rig south of Midland, Texas, US June 11, 2025. — ReutersGlobal equities calmer after recent gains in US, Europe.Asian markets mixed after two-day rally across region.Investors seek clear de-escalation signs to sustain recovery.Oil…
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Petroleum price hike: Are oil companies making massive inventory profits?
Vehicles lined up at the Pakistan State Oil petrol pump in this undated photo. — Online/File
Following the announcement of a massive hike in petroleum prices, a government official on Saturday clarified the rationale behind the decision and how the fuel pricing mechanism…
Taxes on high-end phones affect only 5% of users, says FBR chairman
A man checks an iPhone 16 Pro at an Apple store. — Reuters/FilePremiums on latest models reaching Rs150,000.Imported phones taxed under existing regime.Report on the issue due by March before NA.
The Federal Board of Revenue has said that taxes on expensive, imported…
US approves temporary sale of stranded Russian oil to India
A crude oil tanker sails in Nakhodka Bay near the port city of Nakhodka, Russia, December 4, 2022. — ReutersWaiver issued to keep oil flowing into market.Russia won’t gain much benefit from it: US.US allows sale of oil as of March 5, 2026.
The US government on Thursday…