Major US stock indexes were down more than three per cent each and the dollar index slid to a three-year low on Monday as US President Donald Trump’s continued attacks on the Federal Reserve chair and the bank’s monetary policy rattled investors. Investors flocked to safe-haven assets including gold, which hit another record high, and the Swiss franc. Trump on Monday repeated his criticism o
The government has appointed a fresh batch of 28 Trade and Investment Officers (TIOs) for posting in foreign missions to bolster Pakistan’s global economic presence. The TIOs will be posted following the completion of a pre-departure training session. The training will take place at the Pakistan Institute of Trade and Development (PITAD) in Islamabad. It is aimed at equipping them with the skil
Prime Minister Shehbaz Sharif said on Monday the government will provide facilities to overseas Pakistanis for investment in the country according to their expertise. He said the government was striving to resolve the issues of overseas Pakistanis on a priority basis and working to provide them more facilities. He said the overseas Pakistanis would be given opportunities of investment in the co
Saudi Aramco and the Chinese electric vehicle giant BYD announced on Monday an agreement to work together on what they called new-energy vehicle technologies. The Saudi oil giant is already a partner with Renault of France and the Chinese automaker Geely in a joint venture to produce thermal engines. Its subsidiary Saudi Aramco Technologies Company is now teaming up with the Chinese EV an
While expressing concern over the rise in complaints against digital and electronic platforms, Banking Mohtasib Pakistan (BMP) Sirajuddin Aziz disclosed that his institution provided relief of Rs1.65 billion to banking customers on Monday. He said the growth in mobile and digital applications has led to increased incidents of fraud. “During calendar year 2024, a major increase was seen in compl