President Donald Trump said on Tuesday he might allow “a major lawsuit against” the US central bank chief to proceed, as he complained again about renovations to the Federal Reserve headquarters and renewed pressure to lower interest rates. “The damage he has done by always being Too Late is incalculable,” Trump wrote of Fed Chair Jerome Powell on his Truth Social platform. He added that he
The Competition Appellate Tribunal (CAT) has reduced the penalty imposed by the Competition Commission of Pakistan (CCP) on the Pakistan Flour Mills Association (PFMA) for its involvement in wheat flour price-fixing, cutting the fine from Rs75 million to Rs35 million. The CCP had launched an inquiry in 2019 after reports emerged of an unusual spike in wheat flour prices nationwide. It later
A recent federal audit report has uncovered large-scale financial irregularities within the Pakistan Council of Scientific and Industrial Research (PCSIR), amounting to over Rs5.83 billion in public funds during the fiscal year 2023-24. The audit report, issued on August 8, 2025, consists of 22 detailed paragraphs, highlighting significant violations of public procurement regulations, treasury
The Pakistan Stock Exchange (PSX) kicked off the week on a bullish note, with the benchmark KSE-100 index surging to a record intraday high above 147,000 before settling at an all-time closing high of 146,929 points on Monday. Persistent economic optimism, strong corporate earnings, and expectations of foreign investment inflows drove the rally. According to Topline Securities Ltd, the index ga
In recent weeks, US President Donald Trump has announced a string of new trade deals with dozens of countries across the globe. Although the details of those agreements remain limited, a closer look at them clearly shows that President Trump has leveraged the threat of his higher tariffs imposed on most countries on April 2 and the US’s economic power to force massive trade concessions and inve