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China opposes trade agreement reached between US and Taiwan
BEIJING - China firmly opposed the agreement reached between the US and Taiwan, urging the US to "carefully handle economic and trade relations with Taiwan", China's ministry of commerce said.
The US Trade Representative's office…
Pakistan posts 18pc drop in petroleum imports in 10MFY23
ISLAMABAD - The country's imports of the petroleum group has witnessed a significant decline of 17.96 per cent during the July-April period of FY23 compared to the previous year.
Data released by the Pakistan Bureau of Statistics data…
Pakistan’s auto industry lays off thousands as economic crisis deepens
Crisis in the Pakistan's automotive industry deepened as makers laid off thousands of employees in recent months due to around 70 percent decline in the sale of vehicles.
Insiders revealed that a government ban on the import of raw…
Despite challenges, Pakistan to avert default: report
Despite facing one of the worst economic challenges in decades and a continuous delay in resumption of the International Monetary Fund (IMF) bailout programme, some economic experts remain confident that Pakistan would avert a likely…
Rupee likely to trade between 285-286 per dollar next week
KARACHI: Amid a lack of fresh triggers and an anticipated high dollar demand from importers at month-end, the rupee is expected to remain range-bound against the US dollar in the coming week, reported Sunday.
The local currency, during the…
Inflation soars in Pakistan: Govt fails to control rising prices
Lahore: The government's efforts to rein in inflation have proven futile, as the country grapples with skyrocketing prices.
Despite setting an inflation target of 11.5 percent for the current fiscal year, the average inflation rate…
Gold price registers meagre increase in Pakistan
Gold price registered a meagre increase as the gap between the rupee rates against the dollar in the interbank and the open market widened, prompting investors to move towards the safe-haven metal.
The rate of gold (24 carats) increased…
China’s trade with five Central Asian countries tops 50b yuan in April
China's export and import volume with the five Central Asian countries reached 50.27 billion yuan in April alone, exceeding 50 billion yuan for the first time, statistics from the General Administration of Customs showed.
China’s new home prices rise at slower pace in April
BEIJING: China’s new home prices rose for the fourth straight month in April but at a slower pace, official data showed on Wednesday, as government efforts to stabilise the sector lifted sentiment after the country’s abrupt exit from COVID…
Pakistan may turn to China for bailout as deadlock persists over IMF programme
ISLAMABAD: Pakistan is now looking for a Plan B for averting full fledge eruption of the balance of payment crisis if the International Monetary Fund (IMF) continues to delay the revival of the already-delayed $6.5 bailout programme.…