Canada announces 25% retaliatory tariffs on US goods
WASHINGTON: Canadian Prime Minister Justin Trudeau announced a 25% tariff on $155 billion worth of U.S. goods in retaliation for Donald Trump’s move to enact a tariff on Canadian exports. Trudeau did not clarify whether the figure refers to Canadian or U.S. dollars. If in Canadian dollars, the amount equals
How much have Pakistan’s IT exports grown in five years?
ISLAMABAD: Developing countries like Pakistan aim to increase exports while limiting imports to improve economic indicators and keep the country on the path of development. Pakistan faces a high trade deficit, the gap between imports and exports. The efforts and priorities of various governments have been to reduce imports and
Smog crisis: Pak witnesses 50 per cent drop in kinnow production
The export of kinnow (mandarins), is facing a significant decline due to the increasing environmental challenges in the country.
Finance Division projects October inflation in Pakistan at 6-7 per cent
The Finance Division on Wednesday forecast that inflation in Pakistan is expected to be between 6-7 per cent in October and further moderate to 5.5-6.5 per cent by November. The ministry said in its monthly economic update and outlook report that economic recovery is expected in the coming months. Inflation
Pakistan’s trade deficit narrows to $3.6 billion in FY25
Pakistan’s trade deficit slightly reduced to $3.6 billion during the first two months of the fiscal year 2024-25, primarily due to an increase in exports, according to data released by the Pakistan Bureau of Statistics (PBS) on Tuesday. The trade deficit, was recorded at $3.58 billion for July and August
Erdogan says Netanyahu’s ‘genocidal methods will make Hitler jealous’
Turkey’s President, Recep Tayyip Erdogan said Adolf Hitler would be “jealous” of Israeli Prime Minister (PM) Benjamin Netanyahu’s “genocidal methods” in the Gaza Strip. “Netanyahu has reached a level that would make Hitler jealous with his genocidal methods,” he said. It is not the first time Erdogan has compared Netanyahu
