The article discusses the implications of the oil price increase for the economy of Pakistan. It highlights the government's failure in accounting the possibility of oil price hike which led to the economic instability. It also examines the impact of the increase of oil price and international ...
Impact of Oil Price and Shocks on Economic Growth of Pakistan: Multivariate Analysis Oil is becoming the most prominent indicator of economic growth in Pakistan with increase of its demand. Also oil prices are doing their main contribution ... Nazir,Hameed - 《Mpra Paper》 被引量: 12发表: 20...
9 (Xinhua) -- The Pakistan Stock Exchange (PSX) extended gains on Tuesday as investors opted to buy fresh positions in the local oil companies following an increase in international oil prices. The Pakistan Stock Exchange's benchmark KSE 100-Index gained 0.48 percent or 187.54 points to 39,...
Oil price: hype and reality. The article discusses the benefits of high oil price on the petroleum-related industries and on the government of Pakistan. It notes that the increase in o... Kiani,Khaleeq - 《Economic Review》 被引量: 0发表: 2008年 Cloud computing and emerging IT platforms:...
Therefore, the sign and impact of the crude oil price were not uniform across the countries. Previous studies have failed to establish any specific relationship between inflation, economic growth, and the price of oil. An increase in oil prices can increase inflation directly by raising the ...
The co-integration test and error correction model exhibit that both in short-run and long-run case the increasing oil price negatively affected the growth of the economy. The simultaneous equations regression model using three-stage least squares estimator discloses that an increase in oil price ...
Oil price increase is usually beneficial to oil exporting countries while oil importing countries benefit from oil price decrease (Bouri,Awartani and Maghyereh, 2016). For an oil importing country, increase in the global oil price would increase the cost of production of firms as an input to ...
In FY17, the company achieved 8 percent growth compared to -9 to 4 percent in the preceding six years, supported by higher volumes, prices, and the RLNG business, resulting in a 30 percent increase in sales revenue and a 77 percent surge in profits. Volumetric growth continued in FY18, ...
sharp rise in WTI, the crude oil market is infamous for its volatility crude oil prices from $36.98 on April 20, 2020, to $123 on March 8, 2022—a climb of more than 230%, rather than an increase of $160 per barrel, which would not be possible since the starting price was $36.98...
The price surge comes in spite of the Energy Information Administration’s (EIA) inventory report that came out earlier in the day, showing an increase in U.S. stockpiles, initially causing oil to move lower before hurricane headlines reclaimed the trading day. The...