As part of a trade deal struck between the US and China, Beijing will begin easing an export ban on automotive computer chips vital to production of cars across the world, the White House has said. The White House confirmed details of the deal in a new fact sheet, after Xi Jinping and Donald Trump met in South Korea, according to a BBC report. One of the issues addressed in the deal was the
In Tharparkar, a land often associated with scorching heat and scarce rainfall, a quiet miracle is taking root. Over the past few years, it has become home to one of Pakistan’s most ambitious community-driven biodiversity conservation efforts, led by Thar Foundation and IUCN Pakistan. Their collaboration spanning over a million tree plantations, the protection of critically endangered bird and pla
Notwithstanding improving stability and geopolitical relations, analysts say policymakers are struggling to address declining productivity across key industrial sectors. Pakistan is among the world’s top-performing stock markets, but manufacturing output, unemployment and poverty have either deteriorated or remained stubbornly high, explained Dr Manzoor Ahmed in his The Express Tribune article
The World Bank has asked Pakistan to improve its skewed preferential trade agreements with 10 bilateral partners, ensure a market-determined and flexible exchange rate and push deeper reforms to lower energy and other input costs to turbocharge over three decades of declining exports for sustainable economic growth. In a policy advice to the government, the bank observed that nearly all countri
The Pakistan Stock Exchange (PSX) witnessed a sharp downturn on Thursday as the benchmark index extended its losing streak amid heightened volatility, subdued corporate earnings, and heavy rollover activity. The KSE-100 index lost over 1,730 points to settle a little above 156,730. Investor sentiment remained fragile throughout the session, with the market swinging widely before closing deep in