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Positive momentum returned to the Pakistan Stock Exchange (PSX) on Tuesday, with the benchmark KSE-100 Index settling with a gain of over 750 points. The market remained range-bound in the initial hours of trading but gained momentum in the final session, reaching an intra-day high of 112,877.01. At close, the KSE-100 Index settled at 112,743.79, an increase of 756.91 points or 0.68%. Buying was observed in key sectors including automobile assemblers, commercial banks, fertilizer, power generation and refineries. Index-heavy stocks including HUBCO, NRL, PRL, OGDC, PPL, MCB and MEBL traded in the green. In a key development, the International Monetary…

US President Donald Trump’s new 25 per cent tariffs on imports from Mexico and Canada took effect on Tuesday, along with a doubling of duties on Chinese goods to 20pc, launching new trade conflicts with the top three US trading partners. The tariff actions, which could upend nearly $2.2 trillion in two-way annual US trade went live at 12:01am EST (10am Pakistan time), hours after Trump declared that all three countries had failed to do enough to stem the flow of the deadly fentanyl opioid and its precursor chemicals into the US. Canada and Mexico, which have enjoyed a virtually…

China has revealed the details of its response to new tariffs from the United States on its exports, adding a group of US firms to its export control list, slapping additional tariffs of 10-15 per cent on selected American goods and announcing plans to bring a case to the World Trade Organization over the matter.A 15 per cent duty will be applied to imports of US poultry and agricultural products including wheat, corn and cotton, according to a government statement. Tariffs of 10 per cent will be applied to imports of soybeans, pork, beef, fruit, vegetables and dairy products.The 15…

Rupee’s Performance Against US Dollar Since 15 Jan 2025 The Pakistani rupee recorded marginal decline against the US dollar, depreciating 0.04% in the inter-bank market on Tuesday. At close, the rupee settled at 279.77, a loss of Re0.10 against the greenback. During the previous week, the rupee depreciated further against the US dollar as it lost Re0.10 or 0.4% in the inter-bank market. The local unit closed at 279.67, against 279.57 it had closed the week earlier against the greenback, according to the State Bank of Pakistan (SBP). The currency market was closed on Monday on account of a bank…

DUBAI: There are many ways to visit, live and work in Dubai – the golden visa being one of the most well-known. But the UAE government has many categories, depending on your reason for wanting to be in the country, two of which have been getting attention as of late. Recently at the World Governments Summit 2025, the first phase of the UAE’s ‘blue’ visa was launched, under which the long-term residency visa will be granted to 20 thought leaders and innovators in sustainability. Meanwhile, the UAE’s business opportunities visa has also been getting media attention, with reports stating that…

Paramilitary police march on Tiananmen Square outside the Great Hall of the People before the closing ceremony of the Chinese People’s Political Consultative Conference (CPPCC) in Beijing on March 12, 2009. China’s annual parliamentary sessions, the National People’s Congress (NPC) and its advisory auxiliary, the CPPCC come to a close with the economy and unemployment at the top the agenda.  Peter Parks | Afp | Getty ImagesChinese leadership will kick off the annual parliamentary gathering on Tuesday by outlining economic measures designed to achieve its anticipated growth target of 5%, even as tariff threats from the U.S. loom large.Thousands of delegates…

The euro rallied in European trade on Monday against a basket of major rivals, starting its recovery from two-week lows against the dollar and on track for the first profit in four days as European leaders agreed to present urgent plans to the US to achieve peace in Ukraine.    Additionally, after bullish remarks from some European Central Bank officials, the odds of a March ECB interest rate cut dropped, with traders awaiting important eurozone inflation data later today to gather more clues.    The Price   The EUR/USD pair rose 0.5% today to $1.0423, with a session-low at $1.0399. …

ISLAMABAD: The Consumer Price Index (CPI)-based inflation clocked in at 1.5 percent on a Year-on-Year (YoY) basis in February 2025 as compared to 2.4percent in the previous month and 23.1percent in February 2024, says the Pakistan Bureau of Statistics (PBS). Average CPI in the country remained at 5.85percent during the first eight months (July-February) 2024-25 compared to 27.96percent during the same period of last fiscal year. On Month-on-Month (MoM) basis, it decreased by 0.8percent in February 2025 as compared to an increase of 0.2percent in the previous month and no change in February 2024. CPI Urban decreased to 1.8percent on…

LAHORE: A Korean delegation comprising businessmen led by Habib Gilani called on Governor Punjab Sardar Saleem Haider Khan at Governor House Lahore. During the meeting, Habib Gilani gave a detailed briefing to the governor on the visit of the Korean businessmen delegation. The meeting reiterated the need to promote trade relations between the two countries. Honorary Consul General Suba Khan was also present on the occasion. Speaking on the occasion, the governor said that trade and foreign investment fosters development in a country and Pakistan is committed to increasing investment and investor-friendly policies. He said that creating a peaceful and…

LAHORE: The Small and Medium Enterprises Development Authority (SMEDA) held a consultative session with stakeholders of the Textile Garments Manufacturing sector in order to align the 2nd Phase of its ‘Industrial Stitching Units’ project with the Uraan Pakistan programme of the government for boosting exports through SMEs. The session was presided over by Socrat Aman Rana, Chief Executive Officer of SMEDA and was attended by a number of the private sector stakeholders including the representatives from APTMA, PRGMEA and PHMA. The representatives of the Ministry of Industries and Production and the Ministry of Planning, Development and Special Initiatives also attended…