News

Pakistan’s mobile phone imports jump 29.6% to $1.3bn in Jul–Feb

Pakistan imported mobile phones worth $1.295 billion in the first eight months (July-February) of the current fiscal year 2025-26 compared to $999.555 million during the same period of last year, registering a growth of over 29.59% growth. Official data revealed that in terms of rupees, the total value of mobile phone imports stood at Rs364.684 billion during July-February 2025-26, compared to

Pakistan faces heavy oil import bill, $1bn Eurobond repayment post-Eid: report

Pakistan exports have slowed down somewhat in the past two weeks ahead a heavy oil import payment and over $1 billion Eurobond repayment after the upcoming Eid-ul-Fitr next week, according to Tresmark - a financial information terminal and treasury management platform. The platform that serves banks, financial institutions, and importers and exporters in the country added in its weekly commenta

US, China economic chiefs to meet in Paris to clear path to Trump-Xi summit

Top US and Chinese economic officials are set to launch a new round of talks in Paris on Sunday to iron out kinks in their trade truce and clear a smooth path for US President Donald Trump’s trip to Beijing to meet with Chinese President Xi Jinping at the end of March. The discussions, led by US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng, are expected to focus on shifti

Asia shares wary, oil choppy on Hormuz doubts

Asian markets were in a wary mood on Monday as hostilities in the Gulf kept oil prices elevated, complicating ​an inflation outlook that should keep most central banks on pause at policy meetings this week, barring one possible hike. In a possible hint of ‌hope, the Wall Street Journal reported the Trump administration plans to announce as early as this week that multiple countries have agreed

Jazz invests Rs58.67bn in 2025

Jazz invested Rs 58.676 billion during fiscal year 2025 to expand network capacity, strengthen digital platforms, and accelerate its transition into a leading integrated digital service company, JazzWorld, spanning connectivity, fintech, entertainment, insurance, and digital platforms. The Investment focused on enhancing connectivity, scaling digital services, and embedding artificial intellige