The “general terms” agreement is the first of dozens of tariff-lowering deals that Trump expects to land in coming weeks after upending the global trading system with steep new import taxes aimed at shrinking a $1.2 trillion U.S. goods trade deficit. Trump hailed the deal in the Oval Office with Starmer patched in on a […]
The New York Times and Politico reported that Trump was set to agree to a deal with Britain, citing multiple people familiar with the plans. Trump wrote earlier on Wednesday that the “major trade deal” would be announced with a “big, and highly respected country.” He said he would announce the deal at a 10:00 […]
News of the planned Geneva meeting, first announced by Washington late Tuesday, sent U.S. equity index futures higher. Stock markets in China and Hong Kong followed suit during Asian trading on Wednesday. The talks come after weeks of escalating tensions that have seen duties on goods imports between the world’s two largest economies soar well […]
As per details, the committee was informed that the smuggling resulted in a staggering revenue loss of Rs270 billion annually. The committee’s briefing revealed that tax evasion worth Rs 751 billion is occurring across five key business sectors, primarily due to the sale of smuggled and counterfeit goods in the market. The pharmaceutical sector is […]
President Zardari welcomed the Iranian foreign minister and emphasized the importance of cooperation between Iran and Pakistan in promoting peace and prosperity in the region, a press statement issued here read. The Iranian foreign minister said that he is traveling on the orders of Iran’s president, Masoud Pezeshkian, and Supreme Leader, Ayatullah Sayyid Ali Khamenei. […]
Donald Trump told reporters aboard Air Force One that he had no plans to speak with Chinese President Xi Jinping this week, but U.S. officials were speaking with Chinese officials about a variety of different things. Asked if any trade agreements would be announced this week, Trump said that could “very well be” but gave […]
This holds even with changing global currency markets, illustrating Bahrain’s economy with Pakistan’s outward sector moderation. Also, Bahrain remains largely protected by the pegged exchange rate of its Dinar (1 BHD = 2.65 USD) to the US dollar, which acts as an anchor amidst fluctuations. Simultaneously, the managed float system of the Pakistani Rupee helps […]
Brent crude futures rose 38 cents, or 0.6%, to $62.51 a barrel by 0136 GMT, while U.S. West Texas Intermediate crude futures added 38 cents, or 0.6%, to $59.62 a barrel. China’s commerce ministry on Friday said the United States has recently taken steps to open a dialogue with Beijing by conveying information through relevant […]
The meeting comes at a critical moment for the world economy after the International Monetary Fund this week slashed growth forecasts over the impact of the American leader’s sweeping new tariffs. Diplomats from the trading bloc that includes current president Brazil, Russia, India, China, and South Africa will meet for two days in Rio de […]
In an interview conducted on April 22 with Time magazine and published Friday, Trump did not say when the call with the Chinese leader took place or specify what was discussed. “He’s called,” Trump said. “And I don’t think that’s a sign of weakness on his behalf.” China’s commerce ministry had already denied on Thursday […]
