By Staff Reporter
KARACHI: Pakistan’s stock market cratered on Monday, with the benchmark KSE-100 Index tumbling more than 6,000 points in early trading as President Donald Trump’s tariff decision stoked recession fears and oil prices sank.
Economy
Pakistan plans crisis delegation for Washington to avert trade blow from 29pc US tariffs
By Staff Reporter
ISLAMABAD: Pakistan will dispatch a high-level delegation to Washington to contest a looming 29 percent US tariff on its goods, a policy threatening the nation’s fragile export-driven recovery, Finance Minister Muhammad Aurangzeb said on Saturday.
Pakistan’s $6 billion US trade faces Trump tariff squeeze
By Staff Reporter
KARACHI: Pakistan’s exports to the US are poised to take a hit after President Donald Trump unleashed a 29 percent tariff on Pakistani imports, part of a broad salvo hitting dozens of countries as he ramps up a global trade war.
Govt cuts power tariffs by most in years to boost growth
By Staff Reporter
ISLAMABAD: The government reduced electricity tariffs by as much as Rs7.69 per unit, the largest cut in years, as Prime Minister Muhammad Shehbaz Sharif seeks to boost the country’s struggling economic growth.
Inflation crashes to 0.7pc in March
Inflation rate slowed to 0.7 percent in March, the lowest in over three decades, driven by weak demand and economic reforms, with urban inflation falling to 1.2 percent and rural inflation remaining flat.
World Bank approves $300 million loan to tackle Punjab air pollution
By Staff Reporter
ISLAMABAD: The World Bank has approved a $300 million International Development Association (IDA) loan to support the Punjab government’s efforts to combat air pollution in the province.
Petrol prices drop by marginal Re1/liter ahead of Eid
By Staff Reporter
ISLAMABAD: The government has trimmed petrol prices by Re1 per litre ahead of Eidul Fitr to avert fuel shortages during the holiday rush.
Pakistan digital payments jump 11pc on mobile banking surge
By Staff Reporter
KARACHI: Pakistan’s digital payment landscape continued to strengthen in the second quarter, with retail transactions increasing 11 percent in volume to Rs2.143 billion and 12 percent in value to Rs154 trillion.
Nepra to weigh government’s Rs1.71/unit tariff cut proposal
By Staff Reporter
ISLAMABAD: The government has petitioned the National Electric Power Regulatory Authority (Nepra) to slash electricity prices by Rs1.71 per unit, a modest cut to support consumers and struggling industry.
IMF-backed token Re1 power tariff cut hits legal roadblock
By Staff Reporter
ISLAMABAD: Pakistan has secured International Monetary Fund (IMF) approval for a modest Re1 per unit cut in electricity prices, but the meager relief hinges on a contentious levy on industrial gas users—a condition now mired in legal disputes.