Global markets face a fresh bout of volatility this week after President Donald Trump vowed to slap tariffs on eight European nations until the US is allowed to buy Greenland. Trump said he would impose an additional 10 percent import tariffs from February 1 on goods from Denmark, Norway, Sweden, France, Germany, the Netherlands, Finland and Britain, which will rise to 25 percent on June 1 if n
Libya will on Sunday sign a strategic partnership with international firms to expand and develop the Misurata Free Zone, attracting an estimated USD2.7 billion in investment, Prime Minister Abdulhamid Dbeibah said on X. The agreements, which would be signed with Qatari, Italian and Swiss companies, would help the project generate operating revenues estimated at around USD500 million annually.
Strong buying momentum was observed at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index crossing the 185,000 level during the second half of the trading session on Friday. At 2:45pm, the benchmark index was hovering at 185,117.47, an increase of 3,661.14 points or 2.02%. Analysts attributed the buying spree to expectations of a further policy rate cut in the upcoming Monet
The Pakistani rupee registered marginal gain against the US dollar in the inter-bank market on Friday. At close, the local currency settled at 279.95, a gain of Re0.01 against the greenback. On Thursday, the e local unit closed at 279.96. Internationally, the US dollar was poised for a third weekly gain on Friday after positive US economic data lowered expectations for rate cuts by the Feder
Khurram Schehzad, Advisor to the Finance Minister of Pakistan, has challenged claims that Pakistan’s provinces are outperforming the centre in tax collection, presenting Federal Board of Revenue (FBR) data that shows provincial revenues remain far below their potential, despite having large constitutionally assigned tax bases. “There’s a claim circulating that provincial tax performance has bee