The housing market has been all but impossible to crack for many buyers the past two years. The coupling of mortgage rates and home prices being on the rise made the thought of buying a house painful—and, for sellers, losing their sub-3% mortgage rates from the pandemic made it nearly unbearable to let go of … Read more
Oil prices are set to end 2023 about 10% lower after two years of gains as geopolitical concerns, production cuts and central bank measures to rein in inflation triggered wild fluctuations in prices. On Friday, oil climbed after falling 3% the previous day as more shipping firms prepared to transit the Red Sea route. … Read more
Major decreases were observed in the prices of potatoes, tomatoes, vegetable ghee, cooking oil, eggs etc People buy dry fruits at a market in Karachi, Pakistan February 1, 2023. — Reuters Weekly inflation rises by 0.37% in week ending Dec 28. SPI increases to 43.25% YoY as compared to 42.6% last week. Major decreases observed in … Read more
The picture shows a worker at a gas station fuelling a motorcycle tank. — APP/File Petrol price to hold steady in next review. Diesel rate to increase from Januray 1. Next fortnightly review due tomorrow. KARACHI: The prices of petroleum products will not see any major change with diesel rates expected to go up … Read more
Catastrophic consequences of high energy costs have forced many mill owners to close down their businesses A worker operates a machine preparing fabric at the Kohinoor Textile Mills in Lahore on July 20, 2023. — AFP Tariff on natural gas raised by over 60% since August 2022. Gas tariff expected to increase further in … Read more
ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has declared a notable increase in the prices of imported Re-gasified Liquefied Natural Gas (RLNG), effective from November 1, 2023, for a one-month duration. Oil and Gas Regulatory Authority (OGRA) has notified hike in the prices of imported Re-gasified Liquefied Natural Gas (RLNG) which will be … Read more