Brent oil traders use little known rule to reroute US cargoes
Big energy merchants trading oil cargoes that form the basis of the Brent benchmark have used an obscure clause to reroute US shipments from Europe, in a practice that raises…
Trade and climate adaptation
ADAPTATION to climate change is the defining element for the subsistence of Pakistan’s growing population. While Pakistan is repeatedly hit by climate disasters, it still has to develop its adaptation…
Year of global shockwaves
We’re only halfway through the year, and already 2024 has produced more high-voltage political shockwaves than any other in recent memory. This way, there’s no telling where the world will…
Traders step up ECB rate cut bets, sensing shift on inflation front
Traders on Thursday piled on bets that the European Central Bank will cut interest rates from April as they took the view that policymakers are growing more comfortable with the…
Global economic outlook 2024
By unlocking big, bold investments, we can drive sustainable development and climate action and put the global economy on a stronger growth path for all. We must build on the…
A revisit of trade components critical
Exports fuel domestic productivity and therefore employment and at the same time constitute the most desired form of earning foreign exchange. Pakistan’s exports are consumer based and traditional – rice,…
Rising global economic uncertainties
‘Businesses, governments, and investors were already navigating a foggy global landscape before the tragic events unfolding in the Middle East. …Even in the highly unlikely event that the geopolitical situation…
Trade beyond barriers
US-China relations have soured over the past few years mostly due to the accusatory tone adopted by successive US presidents. Previously it was Donald Trump and now Joe Biden has…
Unprecedented global oil market turmoil and Pakistan
Global lockdowns have resulted in a drastic reduction in oil demand. A long and painful deliberative process to cut the global supply of oil by OPEC+ group of major oil…
Pakistan’s declining competitiveness
Pakistan's exports and foreign direct investment (FDI) continue to be sluggish, with its trade deficit on the rise as the incumbent government enters the 5th year of its governance. Among…
