The increase in trade tariffs on Pakistani products announced by US President Donald Trump — later suspended temporarily — could have a devastating impact on Pakistan’s important exports and serves as a wake-up call for diversification, according to a state-owned think tank. “A storm may be brewing on Pakistan’s trade horizon,” said the Pakistan Institute of Development Economics (Pide), adding
Despite prevailing volatility triggered by the ongoing tariff war, the Pakistan Stock Exchange (PSX) staged a spectacular recovery rally on Thursday as investors indulged in value-buying, propelling the benchmark index above 117,000 intraday. Topline Securities Ltd said the upward trajectory was fuelled by a strong rebound in the US and other international equity markets, with the benchmark KSE
Pakistan has developed its first-ever complete policy framework for the regulation of virtual assets (VAs) and virtual asset service providers (VASPs), marking a significant step towards conforming to international financial integrity norms and promoting responsible digital innovation. A spokesman for the FIA said in a press release on Thursday that this framework has been developed by the Nati
Overall auto sales —cars, LCVs, pickups and jeeps—clocked in at 11,098 units in March, reflecting an 18 per cent year-on-year (YoY) rise but fell by 8pc month-on-month (MoM). The MoM decline was mainly due to a high base in February, when car sales typically surge at the start of the year, along with lower sales and delayed deliveries during Ramazan amid shorter working hours and subdued consum
US President Donald Trump’s steep tariff hike targeting Chinese goods, which took effect on Thursday, brings Washington’s additional rate on many products to 145 per cent, the White House has confirmed. Trump’s 90-day halt in fresh duties for dozens of countries has come into place, a White House order showed.But he has also doubled down by raising new tariffs on Chinese imports to 125pc, a fig
