Global stocks dropped and the dollar eased against the safe-haven yen and Swiss franc on Monday after US President Donald Trump threatened additional tariffs on goods imported from European nations that oppose his planned takeover of Greenland. Gold and silver prices jumped to new record peaks, while oil dipped on concerns about what a possible trade war between the US and Europe could mean for
Governor of the State Bank of Pakistan (SBP), Jameel Ahmad has warned that while digital innovation offers vast opportunities for the financial sector, it also brings significant risks, including cybersecurity threats, data breaches, and challenges to consumer protection. He said that to mitigate these risks, financial institutions must go beyond basic compliance and they must have robust data
All Pakistan Textile Mills Association (APTMA) has raised serious concerns over the current electricity pricing structure, warning that Pakistan’s industrial base is being pushed toward irreparable decline due to unaffordable energy costs and an unsustainable cross-subsidy mechanism embedded in the national power tariff framework. Textile exports constituting more than 60 percent of Pakistan’s
Malaysia saw a record-high trade performance in 2025 with a higher-than-expected surge in outbound shipments in December boosting the export-reliant economy, government data showed on Tuesday. Total trade for 2025 reached a record value of 3.1 trillion ringgit ($765.4 billion), a 6.3% increase from a year ago, the trade ministry said in a statement. Exports in 2025 rose 6.5% year-on-year, wh
FPCCI leader and Patron-in-Chief UBG S M Tanveer has expressed serious concerns over the continued use of industrial electricity tariffs as a tool for cross subsidy, warning that this approach is steadily eroding Pakistan’s industrial competitiveness and export capacity. He stated that industrial tariffs are currently carrying a cross subsidy burden ranging from Rs 4.5 to Rs 7 per unit, with a