MOSCOW: Russia’s ruble opened about 5 percent lower against the dollar on Monday, dragged down by lower oil prices in volatile holiday trade.
At 10:05 a.m. in Moscow, the ruble had recovered some of its losses to trade almost 4 percent weaker against the dollar at 58.10 rubles and 1.2 percent weaker against the euro at 69.50.
Oil prices, which have declined more than 50 percent from peaks in June last year, hit a five-and-a-half year low as global growth concerns fanned fears of a supply glut.
PESHAWAR: The Khyber Pakhtunkhwa (KP) government launched the Ehsaas Motorcycle Relief programme, allocating Rs3 billion to support an estimated 1.6...
KARACHI: The Sindh government on Saturday exempted shops, markets, shopping malls, hotels, restaurants, marriage halls and marquees from previously imposed...
LAHORE: The Lahore High Court’s two-member bench comprising Justice Jawad Hassan and Justice Sardar Akbar Ali has ruled that the...
ISLAMABAD: The Asian Development Bank (ADB) and the Asian Infrastructure Investment Bank (AIIB) have collaborated to support Pakistan’s first issuance...
