United States President Donald Trump said on Tuesday that China can continue to purchase Iranian oil after Israel and Iran agreed to a ceasefire, a move that the White House clarified did not indicate a relaxation of US sanctions. “China can now continue to purchase oil from Iran. Hopefully, they will be purchasing plenty from the US, also,” Trump said in a post on Truth Social, just days after
Pakistan’s trade deficit with nine neighbouring countries widened by 32.82 per cent to $11.17 billion during the first 11 months of the current fiscal year (FY25), up from $8.41bn in the same period a year earlier, official data showed. While exports to Afghanistan, Bangladesh and Sri Lanka recorded notable growth — buoyed in part by changing political dynamics in the region — the overall trade
The Pakistan Stock Exchange (PSX) endured a sharp sell-off on Monday, as escalating geopolitical tensions in the Middle East—sparked by reported US airstrikes on Iranian nuclear facilities and Tehran’s threat to close the Strait of Hormuz—sent shockwaves through global markets, triggering panic selling and wiping out more than 3,800 points from the benchmark KSE-100 index. According to Topline
Oman issued a royal decree to become the first country in the Gulf to impose a personal income tax, its tax authority said on Sunday, as the small oil producer works to diversify its revenue stream. Oman, among the smaller Gulf economies, launched a medium-term fiscal programme in 2020 to reduce public debt, diversify revenue sources and spur economic growth, which has improved public finances.
Fleet operators, goods transporters, advertisers and yarn merchants on Monday strongly criticised the federal government’s decision to increase the withholding tax (WHT) on specified services from 4pc to 6pc, warning that the move would cripple struggling sectors, discourage formalisation, and further strain Pakistan’s fragile economy. At a press conference held at the Federation of Pakistan Ch