Among the executive orders to be signed on day one of his incoming presidency, the maverick US President-elect Donald Trump has threatened to impose a 25 per cent tariff on all imports from Canada and Mexico. The tariff would also be levied on crude oil until these countries stop the inflow of illegal “immigrants and drugs fentanyl into the US”. Canada and Mexico are the two top sources of US c
Pakistan’s merchandise exports to North America witnessed nearly nine per cent growth in the first four months of the current fiscal year compared to the previous year, mainly due to a surge in exports to the United States. According to data compiled by the State Bank of Pakistan, the increase in exports to the region is mainly attributed to the rise in textile and clothing exports to the US.
Regal Automobiles Industries Ltd (RAIL) on Saturday unveiled the country’s first locally assembled electric SUV, the Seres 3 at its Lahore plant. The event marked a pivotal moment in the nation’s efforts to embrace cleaner energy solutions and reduce its carbon footprint. Speaking on the occasion, Adeel Usman, Managing Director, RAIL said this achievement is a statement to the potential of Pak
Banks have pumped a record over Rs1 trillion into non-bank financial institutions (NBFIs) to avoid incremental tax in case of failure to take the advance-to-deposit ratio (ADR) at 50 per cent by the end of 2024. The State Bank’s latest report showed that the influx of huge liquidity exceeded the total stock of credits to NBFIs by 130 per cent. NBFIs are financial institutions that provide se
Pakistan International Airlines (PIA) said on Sunday it expects to resume European routes soon and is eyeing several UK destinations after the EU aviation regulator lifted its bar on the flag carrier. The European Union Aviation Safety Agency (EASA) suspended PIA’s authorisation to operate in the EU in June 2020 over concerns about the ability of Pakistani authorities and its Civil Aviation Aut