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Saudi cabinet approves MoU with Pakistan to combat financial crimes

Saudi cabinet approves MoU with Pakistan to combat financial crimes

ISLAMABAD: Saudi Arabia’s cabinet, chaired by Crown Prince Mohammed bin Salman, has approved a memorandum of understanding (MoU) with Pakistan’s…
Dollar slumps to eight-week low vs yen as trade war risk recedes

Dollar slumps to eight-week low vs yen as trade war risk recedes

TOKYO: The U.S. dollar slumped to an eight-week trough to the yen and lingered near a one-month low versus sterling…
Oil pares losses after Saudi price increase

Oil pares losses after Saudi price increase

BEIJING: Oil prices ticked up in early Asian trading on Thursday, steadying from a sell-off the previous day after Saudi…
China challenges Trump tariffs at WTO as package shippers warn of chaos

China challenges Trump tariffs at WTO as package shippers warn of chaos

WASHINGTON: China filed a World Trade Organization complaint on Wednesday against U.S. President Donald Trump’s new 10% tariff on Chinese…
Gold price in Pakistan drops after reaching record high

Gold price in Pakistan drops after reaching record high

After reaching an all-time high rate close to Rs300,000 per tola, the price of gold in Pakistan saw a decline…
100-index falls below 110,000 points, continuing downtrend in stock market

100-index falls below 110,000 points, continuing downtrend in stock market

Pakistan Stock Exchange (PSX) is experiencing continued decline, with the Hundred Index falling by more than 1,000 points. As of the…
India to review tariff surcharge on luxury goods, renewables, chemicals amid US pressure

India to review tariff surcharge on luxury goods, renewables, chemicals amid US pressure

NEW DELHI: India is set to review import tariffs on over 30 items including luxury cars and solar cells, potentially…
Nepra imposes Rs63m fines on power firms over regulatory violations

Nepra imposes Rs63m fines on power firms over regulatory violations

ISLAMABAD: Fines totalling Rs63 million have been imposed by the National Electric Power Regulatory Authority (Nepra) on multiple power distribution…
Pakistan’s public debt surges by Rs8.3tr in one year

Pakistan’s public debt surges by Rs8.3tr in one year

ISLAMABAD: Despite making progress in reducing the debt trajectory, the government has failed to meet the overall public debt reduction…
Estimated Rs5.55tr trade discrepancy exposed

Estimated Rs5.55tr trade discrepancy exposed

ISLAMABAD: An estimated discrepancy of Rs5.5 trillion has been detected in Pakistan’s trade with China over the past five years…
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