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‘Political Uncertainty’ sees PKR hits new low, close at Rs215.2 in Interbank

The dollar continued its relentless upward march against the rupee on Monday with the greenback gaining Rs4.25 in interbank trade. According to the Forex Association of Pakistan, the dollar was trading at a record Rs216 against the local currency at… Continue Reading

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Economist: Europe is preparing for Russian gas to be cut off this winter

An EU-wide plan is needed to cope “Social peace in Germany is being challenged,” declared Robert Habeck, Germany’s vice-chancellor, on July 7th. The villain: natural-gas prices. Russia is throttling Europe’s supplies in revenge for its support for Ukraine. In Germany, which relies on Russia for… Continue Reading