The National Assembly passed the Pakistan Land Port Authority Bill 2025 on Thursday to facilitate the movement of goods and people across border crossing points. With the bill’s approval, Pakistan would become the third South Asian country, after Bangladesh and India, to have a land port authority. The Bangladesh Land Port Authority was created in 2002, while India did so in March 2012. “The
Prime Minister Narendra Modi said Thursday he would not compromise on the agriculture sector, a day after United States President Donald Trump announced 50 per cent tariffs on Indian goods. Washington announced the hike in levies on Wednesday, citing New Delhi’s purchasing of Russian oil, a key revenue source for Moscow’s war in Ukraine. For New Delhi, one of the main sticking points in trad
United States trade partners such as Switzerland, Brazil and India were still scrambling to get a better deal on Thursday as President Donald Trump’s higher tariff rates on imports from dozens of countries kicked in, raising the average US import duty to its highest in a century. The US Customs and Border Protection agency began collecting the higher tariffs of 10 per cent to 50pc at 12:01am ED
The Pakistan Stock Exchange (PSX) continued its record-setting rally for a fourth consecutive session on Wednesday on “strong” corporate results, soaring past 145,000 points. The benchmark KSE-100 index rose by 1,041.24 points (0.73 per cent) to reach 144,078.40 points at 1:29pm, from the previous close of 143,037.16 points. The market reached an intraday high of 145,187.17 points at 3:29pm,
The government’s efforts to artificially bring down the dollar rate are faltering, with market forces pushing back against a Rs250 exchange rate target and foreign currencies reportedly vanishing from the open market. A crackdown on dollar smuggling launched on July 23 has led to a minor depreciation of around Rs3 in both the open and interbank markets. However, this has done little to bridge t