Asian stocks wobble as Sino-U.S. trade war begins
MSCI’s broadest index of Asia-Pacific shares outside Japan was 0.1 percent lower, pulling back from a modest early rise. The index has lost near 9 percent since June 7
China vows to keep providing financial help to Sri Lanka
Sri Lanka last year granted Beijing a 99-year lease on a new port on one of the world’s busiest shipping routes after being unable to afford to repay Chinese loans for the $1.4 billion project
Pakistan’s liquid foreign reserves increase due to inflows
KARACHI: The State Bank of Pakistan (SBP) on Thursday said the total liquid foreign reserves held by the country stood at $16,385.7...
Pakistan for balancing trade deficit with Qatar
Due to LNG imports, trade deficit of Pakistan with Qatar has increased to $1.6 billion
773 new companies registered in June: SECP
ISLAMABAD: In June, the Securities and Exchange Commission of Pakistan (SECP) registered 773 new companies. As compared to the corresponding month of the last...
Trade war could hurt these economies far more than U.S., China
It reveals countries like Taiwan, Hungary, the Czech Republic, South Korea, and Singapore could be equally if not more vulnerable to the risk of a trade spat than the two currently front and centre
China warns U.S. ‘opening fire’ on world with tariff threats
U.S. President Donald Trump has threatened to escalate the trade conflict with tariffs on as much as a total of $450 billion in Chinese goods if Beijing retaliates, with the row roiling financial markets including stocks, currencies and global trade of commodities from soy beans to coal
Asian markets mixed as countdown to US-China tariffs begins
Japan’s Nikkei 225 index fell 0.8 percent to 21,544.54 and the Shanghai Composite index dropped 0.9 percent to 2,734.77
KCCI appreciates FBR’s move to extend amnesty scheme
KARACHI: Karachi Chamber of Commerce and Industry (KCCI) President Muffasar Atta Malik, while appreciating the recent move by the Federal Board of...
US plan to end Iranian oil exports ‘a fantasy’: Rouhani
GENEVA: A plan by the United States to cut Iran’s oil production to zero is a “fantasy”, Iranian President Hassan Rouhani said...
Exports from Azerbaijan to China can be carried out within CPEC project
Exports of Azerbaijani goods amounted to $433.8 million (3.21 percent of total exports), while imports of Chinese products to Azerbaijan reached $854.5 million (9.73 percent of total imports)
Vintage cars exempt from import tax, to be taxed at $5,000 flat
Under the proposed rules taxation will not vary according to the engine capacity of the car but will be imported at a fixed rate of $5,000 per unit.
Pakistan’s mounting external debt leaves limited window to counter risks: Fitch Ratings
LAHORE: Pakistan’s burgeoning external financing risks are further being added to by a declining foreign exchange reserve and a mounting current account...
Asian factories lose momentum even before Trump’s tariffs kick in
An official PMI survey on Saturday also fueled concerns about the strength of the world’s second-largest economy, where recent data including credit growth, investment and retail sales have disappointed
Asian economies discuss trade pact amid rising protectionism
During weekend meetings, Prime Minister Shinzo Abe urged fellow leaders to work for an early conclusion of the Regional Comprehensive Economic Partnership in the face of an increasingly protectionist U.S