The 50 per cent tariff imposed by the Trump administration on Indian goods, including basmati rice, has reshaped trade flows in the United States, providing Pakistan an opportunity to expand its share in the American aromatic rice market. Pakistan’s basmati rice exports have witnessed steady growth in recent years. According to the Rice Exporters Association of Pakistan (REAP), the country expo
From McDonald’s and Coca-Cola to Amazon and Apple, US-based multinationals are facing calls for a boycott in India as business executives and Prime Minister Narendra Modi’s supporters stoke anti-American sentiment to protest against US tariffs. India, the world’s most populous nation, is a key market for American brands that have rapidly expanded to target a growing base of affluent consumers,
The Trading Corporation of Pakistan (TCP) on Monday received offers in its international tender to buy 100,000 tonnes of white sugar, European traders said in initial assessments. On July 8, the government had approved plans to import 500,000 tonnes of sugar to help maintain price stability. Market analysts said that retail sugar prices in the country have risen sharply since January. TCP ha
About 55 per cent of India’s merchandise exports to the United States will be subject to the tariff imposed by President Donald Trump’s administration, the Indian government said on Monday. Last week, Trump imposed an additional 25pc tariff on Indian goods as punishment for Delhi’s purchases of Russian oil. That raised the total duty on Indian exports to the US to 50pc — among the highest on an
The crackdown launched late last month against the smuggling of hard currencies out of Pakistan has checked speculative demand for dollars. However, the dollar shortage in the market appears to be driven primarily by imports and debt repayments, as evidenced by the decline in foreign exchange reserves and a significant rise in the merchandise import bill. Pakistan’s total foreign exchange reser