The formal announcement was made during a high-level meeting held in Islamabad, attended by Zhao and representatives of the Pakistan Crypto Council. The session was chaired by Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb. The chairman of the Securities and Exchange Commission of Pakistan (SECP), the State Bank of Pakistan governor, and secretaries […]
Brent futures declined $2.28, or 3.5%, to $63.30 a barrel at 0049 GMT, while U.S. West Texas Intermediate crude futures lost $2.20, or 3.6%, to $59.79. At the session low, both benchmarks hit their lowest since April 2021. Oil plunged 7% on Friday as China ramped up tariffs on US goods, escalating a trade war […]
Silver typically tends to move alongside gold, but industrial uses such as electronics and photovoltaics account for more than half of global demand, estimated at around 700.2 million troy ounces as of 2024, according to the Silver Institute industry association. While gold, traditionally seen as a refuge from political and economic uncertainty, has touched multiple […]
The initial 10% “baseline” tariff took effect at U.S. seaports, airports and customs warehouses at 12:01 a.m. ET (0401 GMT), ushering in Trump’s full rejection of the post-World War Two system of mutually agreed tariff rates. “This is the single biggest trade action of our lifetime,” said Kelly Ann Shaw, a trade lawyer at Hogan […]
Renowned for its varied economy, trade relationships, and investor-friendly regulations, the UAE continues to be a vital economic hub in the Middle East. The strong valuation of the UAE Dirham against the Pakistani Rupee showcases the achievements across multiple sectors, including oil, tourism, real estate, and finance. The forward-thinking leadership reinforces its status on the […]
As per details, K-electric requested NEPRA to reduce power tariff by Rs6.62 per unit in the monthly fuel adjustment for February. This reduction, if approved, would translate to a total relief of Rs6.66billion. K-Electric has already submitted its request to the National Electric Power Regulatory Authority (NEPRA). However, NEPRA has yet to announce a hearing […]
Due to high demand, applicants can no longer book appointments directly. Instead, they must register on a waiting list, and appointments will be allocated later based on availability. It is now mandatory for Pakistani citizens to register their names on the waiting list. According to a statement issued by the Consulate, this change affects the […]
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The stock market was headed for another pounding Friday after China retaliated with new tariffs on U.S. goods, raising fears that a trade war will tip the globe into a recession. Futures tied to the blue-chip Dow Jones Industrial Average lost 1,533 points, or 3.7%. Future levels indicated the Dow would open official trading about […]
U.S. President Donald Trump on Wednesday slapped a 26% reciprocal tariff on India, threatening the Reserve Bank of India’s (RBI) estimate of 6.7% economic growth in 2025-26 and the government’s economic survey forecast of 6.3%-6.8%. After the tariffs, Goldman Sachs lowered its growth estimate to 6.1% from 6.3%. Citi forecast a 40 bps drag on […]
