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
Pakistan’s headline inflation dropped to 0.7 per cent year-on-year in March 2025, marking the lowest reading since December 1965, according to data released by the Pakistan Bureau of Statistics (PBS) on Thursday. The decline surpasses both market expectations and the Ministry of Finance’s projection, which had anticipated inflation between 1pc and 1.5pc for March. Research firm Arif Habib Li
After suffering the FY25’s first contraction of 5.57 per cent in February, the merchandise exports grew a paltry 1.95 per cent year-on-year in March, the Pakistan Bureau of Statistics said on Thursday. The growth momentum in exports from Pakistan picked pace in July owing to improved orders and stability in the exchange rate. The increase in export proceeds decelerated to a single digit in Octo
The two state-owned entities — Oil and Gas Development Company Limited (OGDCL) and Mari Energies Ltd (MEL) — on Thursday announced separate hydrocarbon finds in Sindh and Khyber Pakhtunkhwa, respectively. In a statement, OGDCL announced the successful revival of oil and gas production from Chak # 2-2 Well, a joint venture in the Sinjhoro Block in the Sanghar district of Sindh. The Sinjhoro B
