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Traders demand textile policy

To ramp up economic growth through robust businesses, trade, and exports, exporters, industrialists, and the Karachi Chamber of Commerce and Industry (KCCI) have urged the government to develop a pro-business Strategic Textile Policy Framework (STPF) and a textile and apparel policy for quick implementation, prioritising the export sector's promotion. They stressed that the policy must include

Stocks lose 803 points on profit-taking

In contrast to the global bullish trend in world stock markets following the inauguration of Donald Trump as the 47th president of the United States, Pakistani shares decli­ned on Tuesday due to aggressive selling triggered by proposed changes to tax laws. Topline Securities Ltd reported that the benchmark index started the day on a positive note, reaching an intraday high of 116,425 points. Ho

Repatriation of profit surges 114pc

The outflow of profit and dividends on foreign investments surged 114 per cent during the first half of the current fiscal year. The profit repatriation was primarily restricted in FY24 to contain the country’s fast-depleting foreign exchange reserves. Foreign investors widely criticised the government policy, and the International Monetary Fund (IMF), among other harsh conditions, asked Pakist

China says hopes for cooperation with US on trade under Trump

China said on Tuesday it hoped to cooperate with the United States to resolve trade issues, as President Donald Trump began his second term after threatening to impose biting tariffs on the Asian giant. Beijing is “willing to strengthen dialogue and communication with the United States, properly manage differences and expand mutually beneficial cooperation,” foreign ministry spokesman Guo Jiaku

China says hopes for cooperation with US on trade under Trump

China said on Tuesday it hoped to cooperate with the United States to resolve trade issues, as President Donald Trump began his second term after threatening to impose biting tariffs on the Asian giant. Beijing is “willing to strengthen dialogue and communication with the United States, properly manage differences and expand mutually beneficial cooperation,” foreign ministry spokesman Guo Jiaku