NO country has achieved prosperity by relying solely on its domestic markets. The spectacular success of China, despite having a large market of 1.4 billion people, is primarily attributed to its integration into the world economy. In merely three decades, China has become the top exporting nation. Notably, our neighbours India and Bangladesh have also progressed since 1990 by actively particip
Pakistan and the United States convened on Wednesday a third round of virtual negotiations on reciprocal tariffs aiming to finalise a trade deal amid concerns over Islamabad’s $3 billion trade surplus with Washington. The negotiations follow Washington’s announcement of potential 29 per cent tariffs on Pakistani exports, which have been temporarily suspended for 90 days to allow space for neg
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
Oil prices rose nearly 2 per cent on Wednesday, recovering from a sharp slide early this week, as data showed relatively strong US demand, and as investors assessed the stability of a ceasefire between Iran and Israel. Brent crude futures were up $1.22, or 1.8pc, at $68.36 a barrel at 12:50pm EDT (1650 GMT), while US West Texas Intermediate crude (WTI) rose $1.25, or 1.9pc, to $65.62, both pari
The Trump administration’s tariff plans may well just cause a one-time jump in prices, but the risk it could cause more persistent inflation is large enough for the central bank to be careful in considering further rate cuts, Federal Reserve Chair Jerome Powell told a US Senate panel on Wednesday. Though economic theory may point to tariffs as a one-off shock to prices, “that is not a law of na