Business

Trump says India may face 20 to 25pc tariff, but deal not finalised yet

Trump says India may face 20 to 25pc tariff, but deal not finalised yet

President Donald Trump said India could face a tariff rate of 20% to 25%, but cautioned that the final decision…
Oil steady after big gains on Trump’s Russia ultimatum

Oil steady after big gains on Trump’s Russia ultimatum

BEIJING: Oil prices ticked up in early trading on Wednesday after rising more than 3% in the previous session as…
Gold inches higher on lower Treasury yields; Fed policy decision awaited

Gold inches higher on lower Treasury yields; Fed policy decision awaited

Gold prices edged up on Wednesday, supported by lower Treasury yields and a slight pullback in the dollar, while investors…
Govt set to cut circular debt from staggering Rs2.3tr to Rs561bn as agreed with IMF

Govt set to cut circular debt from staggering Rs2.3tr to Rs561bn as agreed with IMF

In a major financial step aimed at reviving Pakistan’s troubled energy sector, the government is set to slash the power…
Sugar price hits Rs200 per kg in Lahore

Sugar price hits Rs200 per kg in Lahore

LAHORE: Sugar is slipping through the cracks of government control in Lahore, as shopkeepers sell it at inflated prices instead…
ADB appoints new director general for Pakistan, neighbouring countries

ADB appoints new director general for Pakistan, neighbouring countries

The Asian Development Bank (ADB) has named Leah Gutierrez as the new Director General for its Central and West Asia…
Fuel prices rise in Pakistan despite global decline: Watchdog issues white paper

Fuel prices rise in Pakistan despite global decline: Watchdog issues white paper

Amid global reductions in fuel prices, the Fake News Watchdog has released a 38-page white paper, criticizing the Pakistani government’s…
US, China to launch new talks on tariff truce extension, easing path for Trump-Xi meeting

US, China to launch new talks on tariff truce extension, easing path for Trump-Xi meeting

STOCKHOLM: Top US and Chinese economic officials will resume talks in Stockholm on Monday to try to tackle longstanding economic…
PSX reclaims 140,000 points as market surges over 900 points

PSX reclaims 140,000 points as market surges over 900 points

KARACHI: The Pakistan Stock Exchange (PSX) regained the 140,000-point level as trading began on the first business day of the…
EPBD demands bold monetary action as regional competitors surge ahead

EPBD demands bold monetary action as regional competitors surge ahead

LAHORE: Ahead of the upcoming Monetary Policy Committee meeting on July 30, Pakistan’s businesses face an existential threat from unsustainable…
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