ON the morning of April 5, 2025, traders at the New York Stock Exchange were glued to their screens as Apple’s stock nosedived nearly five per cent in an hour. Tesla had already fallen 7pc the day before, and Meta, Microsoft, and Alphabet were not far behind. In just three days, nearly $2 trillion in market value was wiped from America’s largest tech firms. The crash wasn’t triggered by a pr
Finance Minister Muhammad Aurangzeb left for the United States on Saturday to attend the 2025 Spring Meetings of the International Monetary Fund (IMF) and World Bank, state-media Radio Pakistan reported. The meetings, scheduled for April 21–26, will bring together finance ministers, central bankers, and development experts from around the world. During the visit, Aurangzeb will meet with s
In a positive development for the country’s business community, the goods transporters on Saturday announced an end to their strike after successful negotiations with the authorities in Karachi. The country’s logistics and transport system had come to a halt as the nationwide strike by goods transporters entered its fourth day on Friday, disrupting trade operations, paralysing supply chains and
Digital payments are rapidly increasing as Raast transactions surged to Rs6.4 trillion in the second quarter of 2025, said State Bank of Pakistan Deputy Governor Saleem Ullah while launching the “Go Cashless” drive on Saturday. Transactions via Raast have been growing fast in major cities, but a majority in the rural areas did not operate this system. To boost financial inclusion and encourage
Donald Trump’s simmering discontent with the US Federal Reserve boiled over this week, with the president threatening to take the unprecedented step of ousting the head of the fiercely independent central bank. Trump has repeatedly said he wants rate cuts now to help stimulate economic growth as he rolls out his tariff plans, and has threatened to fire Fed Chair Jerome Powell if he does not com