KARACHI -UNS: The rapid positive trend in the Pakistan Stock Exchange, is because of decreased in the price of electricity by the government. The Pakistani Stock Market has a positive trend despite the downturn in the global stock market. Global stock markets plummeted further on Friday after China said it […]
Business
FLORIDA/BEIJING/WASHINGTON (Reuters) : Global stock markets plummeted further on Friday after China said it would strike back at US President Donald Trump with additional tariffs of 34% on US goods, escalating a trade war that has rattled investors and fed fears of a coming recession. The trade war has spurred […]
By Qamar Bashir In a bombastic move on April 2nd—now dubbed “Liberation Day” by his supporters—President Donald Trump unveiled a sweeping 25% tariff on all imports entering the United States, sparking what critics now call an economic tsunami with global shock waves. The announcement, delayed a day to avoid being […]
ISLAMABAD-UNS:The Federation of Pakistan Chambers of Commerce & Industry (FPCCI) has lauded Prime Minister Shehbaz Sharif’s announcement of a significant reduction in electricity tariffs, terming it an “Eid gift” for the public and industrialists. The government has reduced electricity prices by PKR 7.41 per unit. This move is expected to […]
ISLAMABAD -Reuters/UNS :The U.S. tariff rate on all imports has rocketed to 22% from just 2.5% in 2024 under the new global levies imposed by President Donald Trump, Fitch Ratings’ U.S. economic research chief said on Wednesday. “That rate was last seen around 1910,” Olu Sonola, Fitch’s head of U.S. […]
WASHINGTON-UNS: President Donald Trump has imposed 29 per cent reciprocal tariff on Pakistan, besides tariff on over 180 countries and territories, saying that Islamabad charges 58 per cent tariff on goods imported from the United States. President Donald Trump has unveiled plans for sweeping new import taxes on all goods […]
WASHINGTON (Reuters) – President Donald Trump on Wednesday unveiled a 10% minimum tariff on most goods imported to the United States, with much higher duties on products from dozens of countries, kicking into high gear a global trade war that threatens to drive up inflation and stall U.S. and worldwide […]
ISLAMABAD APP/UNS: Minister for Finance and Revenue Senator Muhammad Aurangzeb has called for inclusive and equitable globalisation to benefit the developing economies of the world. He emphasised the urgent need for an inclusive approach to globalization, one that benefits all nations, particularly the developing economies, said a press release issued […]
WASHINGTON -Reuters: The United States has added six subsidiaries of Inspur Group, China’s leading cloud computing and big data service provider, and dozens of other Chinese entities to its export restriction list — some of which are also based in Pakistan. The Inspur units were listed for contributing to the […]
ISLAMABAD -UNS: US based company Starlink on Friday was granted a temporary No Objection Certificate (NOC) to operate in Pakistan, according to a statement from the IT ministry. Satellite-based internet provider,Starlink Services, owned by tech billionaire Elon Musk, is one of the most technologically advanced companies globally among those providing […]