The Trump administration on Friday imposed new tariffs of 10% and 12.5% on goods from 60 trading partners, including Pakistan, the European Union and China, over allegations of lax enforcement of forced labour bans, just as a temporary 10% global tariff expired. The move is the White House’s latest effort to restore President Donald Trump’s campaign vision of a near-global tariff after the U.S.
Service Industries Limited (SIL) announced on Friday that its wholly owned subsidiary Service Tyres (Private) Limited (STPL) intended to incorporate a wholly owned subsidiary under the name Service Tyres International (Private) Limited for expansion of tyre business. The company announced via a notice to the Pakistan Stock Exchange today. The notice stated that additional information regarding
Oil headed for weekly gains on Friday, as Houthi attacks on tankers in the Red Sea sparked worries about the closure of a second shipping chokepoint, while Kazakhstan temporarily cut output after its main export route was forced to shut. Brent futures eased 72 cents, or 0.72%, to $99.97 a barrel as of 0126 GMT, but remained on course for a 13.5% advance this week. West Texas Intermediate (WTI
Gold extended losses on Friday after falling 2% in the previous session, as Brent crude’s move back above $100 a barrel stoked inflation concerns and strengthened the case for higher interest rates ahead of a Federal Reserve policy meeting next week. Spot gold eased 0.5% to $4,027.54 per ounce by 0523 GMT, with prices down more than $130 from a two-week high hit on Wednesday. US gold futures
Buying interest returned at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index gaining nearly 600 points during the opening minutes of trading on Thursday. At 9:38am, the benchmark index was hovering at 175,023.62, up by 593.70 points or 0.34%. Buying was observed in key sectors, including commercial banks, fertiliser, oil and gas exploration companies, OMCs, power generatio