Pakistan’s textile sector exports registered a negative growth of 0.50 percent, reaching USD13.545 billion in the first nine months of the current fiscal year against USD13.613 billion in the same period of 2024-25, the Pakistan Bureau of Statistics (PBS) reported on Thursday. According to PBS data, the textile commodities, which contributed to exports of USD13.555 billion, included bed wear, t
ederal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, appeared on “Mornings with Maria” on Fox Business Network during the IMF-World Bank Spring Meetings 2026, where he highlighted Pakistan’s economic outlook and its role in ongoing diplomatic efforts in the region. The interview followed host Maria Bartiromo’s recent conversation with US President Donald Trump, during which he a
Prominent economists called Thursday for governments to introduce windfall profit taxes on energy companies who are set to reap financial benefits from the US-Israeli war on Iran. The war has triggered a surge in prices of oil and gas which will boost the bottom lines of energy firms but is putting the pinch on consumers. “ICRICT is calling on governments to immediately impose a windfall profit
The US dollar was headed for a second consecutive weekly decline on Friday in tentative trade, as a ceasefire between Israel and Lebanon and prospects for fresh Iran talks prompted investors to unwind safe-haven positions. A 10-day ceasefire between Lebanon and Israel went into effect on Thursday and President Donald Trump said the next meeting between the US and Iran could take place over th
Gold held largely steady on Friday and was on track for a fourth straight weekly gain, as hopes for a US-Iran peace deal eased fears of higher inflation and elevated interest rates. Spot gold was unchanged at 4,789.67 per ounce, as of 0229 GMT, but up 0.9% for the week. U.S. gold futures for June were steady at $4,809.30. A 10-day ceasefire between Lebanon and Israel went into effect on