US President Donald Trump’s tariffs are increasingly clogging up the wheels of a world economy which for decades were greased by predictable and relatively free trade. Big-name multinationals, right down to niche e-commerce players last week cut sales targets, warned of job cuts and reviewed their business plans, while major economies revised down growth prospects amid bleak data read-outs.
India has begun work to boost reservoir holding capacity at two hydroelectric projects in the India-occupied Kashmir, sources with knowledge of the matter told Reuters, after fresh escalation with Pakistan led it to suspend the Indus Waters Treaty. Tensions between the two countries have spiked following the April 22 attack in occupied Kashmir’s Pahalgam that killed 26 people, mostly tourists,
Global rating agency Moody’s on Monday said that escalating tensions between India and Pakistan would weigh on Pakistan’s economic growth. An attack on April 22 in occupied Kashmir’s Pahalgam killed 26 people, mostly tourists, in one of the deadliest assaults since 2000. India has implied cross-border links without evidence, while Pakistan has rejected the claim and called for a neutral probe.
The State Bank of Pakistan (SBP) cut the policy rate on Monday to 11 per cent, amid trade and industry sectors advocating for a significant cut. The central bank’s policy rate, after being slashed by 1,000bps from 22pc since June 2024 in six intervals, previously stood at 12pc. April inflation stood at a low of 0.3pc, largely due to a high base a year ago. The reduction is also primarily att
KARACHI: Rising tensions between nuclear-armed neighbours kept investors nervous, leading them to reduce their positions amid fears of full-scale war. This fuelled uncertainty about the economy and pushed the Pakistan Stock Exchange (PSX) further into the red zone in the outgoing week. On Wednesday, the PSX witnessed a bloodbath caused by the information minister’s statement regarding an immine