This attack was declared an attack on the “global oil economy” by the Houthis which further ignited hike in the global oil prices.
Economy
Spikes in food and energy prices were hitting low-income countries particularly hard, and they may need more grants and highly concessional financing. Countries should undertake reforms to improve debt transparency and strengthen debt management policies to reduce risks.
Tesla Motors CEO Elon Musk topped the list for the first time, while China (including Macau and Hong Kong) stayed second, with 607 billionaires worth a combined $2.3 trillion (almost Rs424 trillion).
Malik Bostan, President of Pakistan’s Forex Association, told that the country’s political stability was behind the rupee’s rise.
After the defeat of PM Khan in the no-trust move, the market analysts were expecting further surge in the trading of shares amid the regime-changing scenario.
The EU’s contemplation of a ban on Russian oil, following its proposal to embargo Russian coal, will keep oil prices from falling for the foreseeable future
With the passage of time, dollar is shedding more value after restoration of National Assembly by the Supreme Court of Pakistan
Pakistani currency is expected to gain more value in the days ahead after political uncertainty vanishes in the wake of no-confidence voting being held tomorrow (April 9).