Trump on Wednesday announced that China would be hit with a 34% tariff, on top of the 20% he imposed earlier this year, bringing the total new levies to 54%. Advertisement · Scroll to continue Agriculture trade took another hit as Chinese customs imposed an immediate suspension on imports of sorghums from grain exporter C&D […]
Exports during July-March (2024-25) were recorded at $24.690 billion against $22.926 billion during July-March (2023-24), according to Pakistan Bureau of Statistics (PBS) data. On the other hand, imports into the country went up by 6.33 percent by growing from $40.054 billion last year to $42.589 billion during the first nine months of the current year. […]
Spot gold climbed 0.9% to $3,083.33 an ounce as of 0710 GMT after hitting an all-time high of $3,086.21 earlier in the session. Bullion is up 2% this week and is on track for a fourth straight weekly gain. U.S. gold futures added 1% to $3,092.50. “Gold has the wind at its back at the […]
New Delhi’s move seeks to assuage concerns raised by Washington after President Donald Trump threatened reciprocal tariffs from April 2 on trading partners, including India, that fuelled alarm among exporters. The government proposes to abolish the 6% equalisation levy on online services, including advertising, as part of amendments to the Finance Bill 2025, a government […]
As per details, the Ministry of Commerce revealed that Pakistan faced a trade deficit of $154 billion over the past five years during a question hour in the NA. The details showed that Pakistan’s trade deficit in FY 2020 was $23.16 billion, $31.08 billion in FY 2021 and $48.35 billion in FY2022. Furthermore, in FY […]
The week is a busy one with a series of central bank policy meetings, including by the US Federal Reserve. It is widely expected to keep rates on hold when its meeting concludes on Wednesday. Over the weekend the US defense secretary said the country would continue attacking Yemen’s Houthis until they ended attacks on […]
During the visit, PM Shehbaz will hold discussions with Saudi officials on enhancing trade and economic cooperation, promoting investment, and strengthening bilateral ties. A meeting with Saudi Crown Prince Mohammed bin Salman is also scheduled. The Pakistani delegation will express its full support for Saudi Arabia’s regional integrity and domestic sovereignty. The visit will also […]
The CAD to PKR exchange rate is an important metric for numerous Pakistani expatriates living in Canada, as well as for companies engaged in trade between the two nations. With remittances being a vital component of Pakistan’s economy, variations in this exchange rate have a direct effect on the financial stability of families reliant on […]
The CAD to PKR exchange rate is a crucial indicator for thousands of Pakistani expatriates residing in Canada, as well as for businesses involved in trade between the two countries. Given the significant role remittances play in Pakistan’s economy, fluctuations in this rate directly impact the financial well-being of families who depend on funds sent […]
A rise in global trade tensions and worries over U.S. recession risks have rattled global markets and sparked huge volatility in currencies, as traders seesaw between relief and angst over U.S. President Donald Trump’s whip-saw policy changes. Markets were a tad calmer in the Asian session on Thursday as investors caught a break from the […]
