The Voluntary Eight (V8) — Saudi Arabia, the UAE, Oman, Kuwait, Iraq, Kazakhstan, Algeria and Russia — announced on Sunday they would increase oil production by 547,000 barrels a day in a move that analysts say aims to regain market share amid resilient crude prices. As currently they produce about 41 to 42 million barrels a day, the increase would be about 1.5 per cent, though analysts believe
Pakistan’s value-added textile sector has raised alarms over the United States’ recent imposition of a 19 per cent tariff on Pakistani exports, warning that it could neutralise any potential gains in market access. The new tariff, added on top of existing duties, is seen as significantly higher than expected, undermining hopes for improved trade relations and market share, particularly in compa
The tariffs United States President Donald Trump imposed last week on scores of countries are likely to stay in place rather than be cut as part of continuing negotiations, Trade Representative Jamieson Greer said on Sunday. Ahead of a Friday deadline, Trump set rates including a 35 per cent duty on many goods from Canada, 50pc for Brazil, 25pc for India, 20pc for Taiwan and 39pc for Switzerlan
The National Electric Power Regulatory Authority (Nepra) has expressed grave concerns over three critical issues that are affecting the operational performance of all power distribution companies (Discos). Given their significance, the regulator has decided to initiate a comprehensive review process, supported by a structured consultation involving all relevant stakeholders. The three issues id
Pakistan and Azerbaijan have agreed to establish a joint trade company to promote imports, exports and joint business ventures. The initiative is expected to help strengthen industrial linkages and increase the volume of bilateral trade. The decision was made during a visit by the Azeri ambassador to Pakistan, Khazar Farhadov, to the Azerbaijan-Pakistan Chamber of Commerce. Ambassador Far