Bulls dominated the trading floor at the Pakistan Stock Exchange (PSX) as shares reached an all-time high of 118,000 points following the prime minister’s announcement of a “major” power relief package to reduce the burden on citizens. The benchmark KSE-100 index climbed 1,131.37 points, or 0.96 per cent, to reach 118,938.11 from the last close of 117,806.74 points. The development came shor
Wall Street led a global markets bloodbath pm Thursday as countries around the world reeled from President Donald Trump’s trade war, while the White House insisted the US economy will emerge victorious. The Dow Jones dropped more than three per cent and the S&P 500 plummeted more than 4pc. The Nasdaq toppled more than 5pc. Shock waves also tore through markets in Asia and Europe in the wake
It was a strange spectacle. On the day the rest of the world was busy processing the meaning and impact of the trade tariffs announced by US President Donald Trump against almost 60 countries including Pakistan, Prime Minister Shehbaz Sharif had tariffs of his own to announce to his countrymen. In a live televised show with ample pomp and ceremony, flanked by his cabinet and before an audience
US President Donald Trump on Wednesday announced a universal “baseline” 10 per cent tariff on imports into the US, on what he has dubbed “Liberation Day”. He pinned the tax hikes as a blow against unfair trade practices, painting a portrait of the US as a country exploited by even its closest allies, according to Al Jazeera. Describing April 2, 2025 as “our declaration of America’s economic
President Donald Trump’s sweeping tariffs on US imports sparked threats of retaliation on Thursday, as companies and governments rushed to count the costs from an escalating trade war that threatens to shake up global alliances. The announced penalties unleashed turbulence across world markets and drew condemnation from other leaders facing the end of an era of trade liberalisation that has sha