Category: bussines

WASHINGTON: Escalating its trade war with multiple countries, President Donald Trump’s administration on Tuesday announced additional tariffs on imports from China, Canada and Mexico, sparking swift retaliation from Beijing and Ottawa. Steep US tariffs on Canadian and Mexican goods came into effect as a deadline to avert President Trump’s levies passed without the nations striking a deal, in a move set to snarl supply chains. Trump had unveiled — and then paused — blanket tariffs on imports from major trading partners Canada and Mexico in February, accusing them of failing…

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Gold prices in Pakistan edged up on Monday as international markets bounced back, data released by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA) showed. The price of per tola (11.7 grammes) of gold increased by Rs1,500 to Rs301,500, while 10-gramme rates edged up by Rs1,286 to Rs258,487. Silver prices ticked up by Rs30 to reach Rs3,270 per tola and Rs26 to settle at Rs2,803 per 10 grammes, according to the association of dealers. Bullion in the global markets gained on Monday, following a more than three-week low in the…

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Following successful negotiations with the federal government on the deregulation policy, the All Pakistan Petroleum Dealers Asso­c­iation (APPDA) on Monday took back its strike call for March 4 (tomorrow). Following their negotiation with Petroleum Minister Dr Musadik Malik, a spokesperson for the APPDA announced: “Petroleum dealers have taken back their strike call for tomorrow.” Sources privy to the matter said that both sides agreed that the dealers’ association would be taken on board over the deregulation process of the petroleum sector. Sponsored Content Doctor Reveals: Belly Fat Isn’t Caused by…

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ISLAMABAD: Pakistan’s inflation rate saw a sharp decline in February 2025, dropping to 1.5% year-on-year (YoY), the lowest since September 2015, as per data from the Pakistan Bureau of Statistics (PBS). The inflation rate in January 2025 stood at 2.4%, meaning a month-on-month decrease of 0.9% was observed in February. On a cumulative basis, the average inflation rate for the first eight months of the fiscal year (July to February) stood at 5.85%, a sharp contrast to 27.96% recorded in the same period last year. Sponsored Content Cardiologist Warns: This…

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The Sui Southern Gas Company (SSGC) announced on Monday that it convened urgent meetings at both the ministerial and secretary levels, involving managing directors and senior officials from SSGC companies, following complaints regarding gas supply disruptions. The company said in a statement that Prime Minister Shehbaz Sharif took immediate notice of complaints on Sunday regarding gas supply to domestic customers during Sehri and Iftar preparations. Responding to domestic customer complaints, and directives of the premier to address these complaints regarding ensuring the provision of gas during Sehri and Iftar times,…

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Bitcoin surged over 20% on Monday, following a declaration by United States President Donald Trump regarding his plans for a new US strategic reserve of digital currencies. In a post on Truth Social, Trump revealed that his January executive order would would create a stockpile of currencies including bitcoin, ether, XRP, solana and cardano — names that had not been previously announced. Bitcoin and ether will be at the heart of this reserve, he posted on Sunday. Sponsored Content New Cadillac Lyriq For Senior Amazes – See Prices HereNew Cadillac…

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The stock market opened the week under heavy selling pressure amid sluggish trading activity. Investor sentiment remained subdued ahead of the crucial IMF review, while the seasonal Ramadan slowdown further dampened market participation, exacerbating the bearish trend.\ The KSE-100 Index closed at 111,986.88 points, marking a decline of 1,264.78 points, or 1.12%, from the previous session’s close of 113,251.66 points. The index touched an intraday high of 113,591.83 points before retreating to a low of 111,829.14 points Sponsored Content New Cadillac Lyriq For Senior Amazes – See Prices HereNew Cadillac…

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Chinese AI startup DeepSeek on Saturday revealed cost and revenue data for its popular V3 and R1 models, claiming a theoretical daily cost-profit ratio of up to 545%. However, the company cautioned that actual revenue figures would be significantly lower. This disclosure marks the first time the Hangzhou-based firm has shared insights into its profit margins from “inference” tasks—the phase following AI model training where algorithms generate predictions or perform tasks, such as chatbot interactions. Sponsored Content Cardiologist: The Best Method for a Flat Stomach After 50 (It’s Genius!) Cardiologist:…

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As the government has fixed the Nisab for Zakat at Rs179,689 for 1445-46AH, which is applicable to savings, profit and loss sharing accounts, and similar deposits, here’s a simple way to calculate your zakat obligation this Ramadan. Zakat is calculated at 2.5% of the total amount surpassing the Nisab limit. To estimate how much zakat you owe, enter the figures and get your results here:   Sponsored Content Cardiologist: The Best Method for a Flat Stomach After 50 (It’s Genius!)News – Health Learn More Which car has priority? 80% answer…

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Mostly in line with the global markets that wrapped up the week on a weak note, gold prices in Pakistan slipped for a fifth straight day data from the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA) showed on Saturday. The per tola (11.7 grammes) price of the precious metal fell by Rs500 to Rs300,000, while the 10-gramme rate declined by Rs438 to Rs257,201, the jewellers’ association reported Bullion extended losses on Friday as the dollar hovered around two-week highs in the wake of US inflation data that fell in line…

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