Prime Minister Narendra Modi said Thursday he would not compromise on the agriculture sector, a day after United States President Donald Trump announced 50 per cent tariffs on Indian goods. Washington announced the hike in levies on Wednesday, citing New Delhi’s purchasing of Russian oil, a key revenue source for Moscow’s war in Ukraine. For New Delhi, one of the main sticking points in trad
United States trade partners such as Switzerland, Brazil and India were still scrambling to get a better deal on Thursday as President Donald Trump’s higher tariff rates on imports from dozens of countries kicked in, raising the average US import duty to its highest in a century. The US Customs and Border Protection agency began collecting the higher tariffs of 10 per cent to 50pc at 12:01am ED
The Pakistan Stock Exchange (PSX) continued its record-setting rally for a fourth consecutive session on Wednesday on “strong” corporate results, soaring past 145,000 points. The benchmark KSE-100 index rose by 1,041.24 points (0.73 per cent) to reach 144,078.40 points at 1:29pm, from the previous close of 143,037.16 points. The market reached an intraday high of 145,187.17 points at 3:29pm,
The government’s efforts to artificially bring down the dollar rate are faltering, with market forces pushing back against a Rs250 exchange rate target and foreign currencies reportedly vanishing from the open market. A crackdown on dollar smuggling launched on July 23 has led to a minor depreciation of around Rs3 in both the open and interbank markets. However, this has done little to bridge t
Pakistan’s food import bill rose to a record $8.14bn in FY25, up 3pc from $7.90bn in FY24, as imports of palm oil, soybean oil, pulses and dry fruits reached all-time highs, driven by rising demand and population growth. According to Pakistan Bureau of Statistics (PBS) data, palm oil imports surged to a new peak of 3.213 million tonnes ($3.4bn) in FY25, surpassing the previous record of 3.197m