WASHINGTON: The United States has imposed a 10% tariff on goods imported from Pakistan under a new trade action affecting 60 trading partners, citing what the Trump administration described as inadequate enforcement of forced labour import bans. Pakistan is among 18 countries assigned a 10% tariff rate, alongside Canada, the […]
ISLAMABAD: Pakistan’s large-scale manufacturing (LSM) output declined by 0.98% year-on-year in May 2026, according to data released by the Pakistan Bureau of Statistics (PBS). On a month-on-month basis, however, industrial production increased by 1.21% compared with April 2026. The PBS said overall LSM output grew by 5.77% during the July-May […]
ISLAMABAD: Pakistan and the United States have discussed the best available options for the acquisition of 16 new aircraft for Pakistan International Airlines (PIA) during a high-level meeting between Interior Minister Mohsin Naqvi and Boeing Global President Brendan Nelson in Washington. According to an official statement, Mohsin Naqvi, accompanied by […]
KARACHI: Private domestic airline South Air launched its scheduled regional flight operations on Thursday from Karachi’s Jinnah International Airport, marking an expansion of the airport’s domestic connectivity, according to the Pakistan Airports Authority (PAA). The airline commenced its services with scheduled flights from Karachi to Islamabad and Quetta, while operations […]
ISLAMABAD: The State Bank of Pakistan (SBP) has directed banks across the country not to freeze or restrict customers’ bank accounts without legal authority and approval from the competent authority, issuing fresh guidelines in compliance with an Islamabad High Court (IHC) order. According to the central bank’s directive, banks must […]
DUBAI: Global oil prices extended gains on Monday after fresh attacks in the Gulf intensified fears of supply disruptions, lifting energy markets already rattled by geopolitical tensions, rising bond yields and concerns over shipping through the Strait of Hormuz. Brent crude futures rose around 1.2% to about $110.7 a barrel, […]
BEIJING: China’s AVIC Chengdu Aircraft Corporation, manufacturer of the J-10C fighter jets, has reported record financial results, with revenue and profits rising sharply following increased global attention on its aircraft. According to a report by Bloomberg, the company’s revenue grew by 15.8% to 75.4 billion yuan ($11 billion) in 2025, […]
Attock Refinery Limited has resumed the supply of petrol and diesel across the country after restoring operations that were temporarily halted due to disruptions in crude oil supply. In a notification to the Pakistan Stock Exchange, the Attock Refinery confirmed that production and delivery of petroleum products are now fully […]
NEW DELHI: India and South Korea on Monday agreed to significantly expand economic cooperation, setting a target to double bilateral trade to $50 billion by 2030. The understanding was reached during talks between Indian Prime Minister Narendra Modi and South Korean President Lee Jae Myung, who is on a three-day […]
KARACHI: The State Bank of Pakistan (SBP) has confirmed that Pakistan has made a payment of $2 billion to the United Arab Emirates as part of ongoing financial arrangements between the two countries. According to an SBP spokesperson, the amount had previously been placed in Pakistan’s account under a safe […]