Pakistan’s central bank foreign exchange reserves reach 9.4 bln USD

ISLAMABAD, Sept. 5 (Xinhua) — The State Bank of Pakistan said Thursday that its foreign exchange reserves reached around 9.4 billion U.S. dollars during the week ending on Aug. 30. During the week, the bank’s reserves saw an increase of 33 million dollars, the central bank said in a statement. Net foreign reserves held by…

Oil prices fall for fourth straight day as US rate hike prospects emerge

Oil prices fall for fourth straight day as US rate hike prospects emerge

May 23 – Oil prices eased for a fourth straight session on Thursday after U.S. Federal Reserve meeting minutes revealed talks of further tightening of interest rates if inflation holds. Air, a move that could hurt oil demand. Brent crude futures were down 46 cents, or 0.6 percent, at $81.44 a barrel at 0424 GMT….

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