Economics News – SindhTribune.com

Karachi residents struggle as soaring inflation drives up cost of basic necessities

December 16, 2024

SBP releases details of Roshan Digital Accounts in April
SBP releases details of Roshan Digital Accounts in April KARACHI: State Bank of Pakistan (SBP) has released new data of Roshan Digital Accounts(RDA) opened by overseas Pakistanis in April 2025. According to the SBP, overseas Pakistanis opened 8,802 new RDA in April and deposited a total of $177 million into Roshan Digital Accounts, underscoring their…
Pakistan PM offers peace talks with India as ceasefire extended
On The Ground newsletter: Get a weekly dispatch from our international correspondents Get a weekly dispatch from our international correspondents Get a weekly international news dispatch Pakistani prime minister Shehbaz Sharif said he was ready for peace talks with India, just days after the South Asian nuclear powers ended their worst milit conflict in decades.…
Swiss startup picks Rotterdam for green aviation fuel plant
Swiss tech startup Metafuels has unveiled plans to open its first commercial-scale sustainable aviation fuel (SAF) plant in the Port of Rotterdam. Metafuels’ CEO Saurabh Kapoor told TNW that Turbe represents a “major step forward” toward ramping up SAF production. The startup also announced plans to build a similar facility in Denmark last year. “Europe…
Letter from Nikkei Asia’s editor: Sleepless in Manila: Keeping up with Asia’s voting marathon
Hello from Tokyo. Compared with the election “super year” of 2024, our editors and reporters were expecting to cover far fewer votes this year. Last year, important elections for Nikkei Asia readers were held around the world, including the presidential votes in Taiwan, Indonesia and the U.S., general elections in South Korea and India, and…
Charles Strouse, Broadway composer of ‘Annie’ and ‘Bye Bye Birdie,’ dies at 96
NEW YORK — Three-time Tony Award-winner Charles Strouse, Broadway’s industrious, master melody-maker who composed the music for such classic musical theater hits as “Annie,” “Bye Bye Birdie” and “Applause,” died Thursday. He was 96. Strouse died at his home in New York City, his family said. In a career that spanned more than 50 years,…
FIA arrests three human traffickers
FIA arrests three human traffickers LAHORE: Federal Investigation Agency (FIA) has arrested three human traffickers, including an agent, for allegedly defrauding citizens by luring them with false promises of overseas job. FIA Gujranwala Zone said the arrested individuals were involved in extracting large sums of money, as well as cases of kidnapping and torture related…
Bangladesh engages with Myanmar’s Arakan Army insurgents
DHAKA — Four Rohingya refugees were fishing early in the morning near the border at Cox’s Bazar in southern Bangladesh earlier this month when they were abducted by members of the Arakan Army, Myanmar insurgents. Luckily for these four, Border Guard Bangladesh managed to secure their release the next day, after negotiating with the Arakan…
Petrol price to remain unchanged for next 15-days
ISLAMABAD: The federal government announced to keep the petrol price unchanged for the next 15-days in Pakistan. The petrol price has been kept unchanged at Rs 252.63 per litre. However, the high-speed diesel price has decreased by Rs 2 per litre as the new price is fixed at Rs 254.64 per litre. According to an…
Singapore Airlines warns of trade headwinds despite record annual profit
SINGAPORE — Singapore Airlines (SIA) has warned that escalating trade tensions and broader global uncertainties pose risks to travel and cargo demand in the year ahead, following a record net profit for the fiscal year ended March. Speaking at an earnings briefing on Friday, CEO Goh Choon Phong pointed to U.S. tariff disputes as a…