WASHINGTON/OTTAWA, April04: if US markets pass on complete tariff enforced by Trump Administration then the high-end iPhone would then cost $2300, which is way higher than now. This has started a new debate inside US markets. According to projections by Rosenblatt Securities, a high-end iPhone could see its price surge to nearly $2,300 if Apple decides to pass on the additional costs to consumers. In response to the tariffs, several multinational corporations have begun adjusting their operations. Stellantis has announced temporary layoffs for U.S. workers and the closure of plants in Canada and Mexico, while General Motors has signaled an…
Author: Ahmad Mukhtar
Islamabad/Dubai, April 04: For any city aspiring to become a global hub for technology and startups, attracting the right talent is paramount. Dubai has perfected this strategy, demonstrating how proactive government initiatives and a thriving ecosystem can pull in top-tier innovators from around the world. A prime example is Raakin Iqbal, an entrepreneur who stumbled upon an opportunity in Artificial General Intelligence (AGI) while in the United States. Noticing limitations in AI platforms like ChatGPT, he delved into AGI research, exploring how AI could evolve beyond existing models to fully comprehend human cultural nuances. Dubai’s Swift Move to Secure a Tech…
ISLAMABAD, April 04: India’s Prime Minister Narendra Modi met with Bangladesh’s interim leader, Muhammad Yunus, on the sidelines of a regional summit in Bangkok on Friday, marking their first official interaction since the ouster of former Bangladeshi Prime Minister Sheikh Hasina last year, according to the Bangladesh government’s press office. Bilateral relations between the two South Asian nations, once strong under Hasina’s leadership, have soured following her departure from Bangladesh in August amid massive student-led protests. The former prime minister sought refuge in India, a move that has contributed to public resentment in Bangladesh toward its larger neighbor. Shifting Relations…
Islamabad/Seoul, April 04: South Korea’s Constitutional Court upheld the impeachment of President Yoon Suk Yeol on Friday, removing him from office over his controversial martial law declaration last year, which led to the country’s most severe political crisis in decades. The verdict brings an end to months of political uncertainty that had overshadowed key domestic and foreign policy decisions, particularly in dealing with US President Donald Trump’s administration amid economic challenges in Asia’s fourth-largest economy. Under the South Korean Constitution, a new presidential election must be held within 60 days. Until then, Prime Minister Han Duck-soo will serve as acting president.…
Islamabad/Washington, April 04: President Donald Trump’s latest wave of import tariffs has triggered warnings of economic retaliation, as businesses and governments scramble to assess the fallout from an intensifying trade war. The aggressive trade measures, aimed at reshaping global commerce, have rattled markets worldwide and raised concerns over the potential collapse of long-standing trade agreements. Financial analysts caution that these tariffs mark a turning point in international trade policies, ending decades of economic liberalization that have defined global commerce. As economic tensions rise, nations impacted by the tariffs weigh their options, with the possibility of countermeasures looming large. US Tariffs…
Islamabad/New York/Singapore, April 04: Financial markets worldwide tumbled on Thursday as Wall Street led a global sell-off in response to escalating trade tensions initiated by US President Donald Trump. Despite the market turmoil, the White House maintained confidence that the US economy would emerge stronger. The Dow Jones Industrial Average suffered a steep decline of more than 3%, while the S&P 500 recorded a drop exceeding 4%. The Nasdaq Composite experienced the sharpest fall, plunging over 5%. Wall Street Plunges as Global Markets React to Trump’s Trade War The shockwaves rippled through financial centers across Asia and Europe following Trump’s announcement…
Islamabad, April 04: Pakistan’s export sector faces a mix of challenges and opportunities following the United States’ decision to impose a 29% reciprocal tariff on Pakistani goods. While this move is expected to negatively impact trade, experts believe the effect may not be severe, as other key exporters like China, India, Vietnam, and Bangladesh are also subject to similarly high US tariffs. US President Donald Trump justified the tariffs as a means to protect the American economy from what he termed as “unfair trade practices.” In response, Pakistani business leaders acknowledge the adverse implications but maintain that the impact will…
Islamabad, April 03: Prime Minister Shahbaz Sharif has announced the reduction in power tariff for industrial units Rs 7.59 per unit and for household Rs 7.41 per unit. The new price of household unit is now Rs 34.37 per unit. He also said that circular debt will be eliminated for good in next five years. The circular debt is now Rs 2339 billion. Industrial power unit was priced earlier at Rs 58.50, which has now been reduced. From June till now Rs 10 unit price of electricity is reduced by this government. Power Division Added The price of electricity for…
Islamabad, April 03: Pakistan’s headline inflation fell to 0.7% year-on-year (YoY) in March 2025, a significant decline from 1.5% in February 2025, according to data released by the Pakistan Bureau of Statistics (PBS). This marks the lowest inflation rate since December 1965, as highlighted by Arif Habib Limited (AHL). On a month-on-month (MoM) basis, inflation increased 0.9% in March, reversing the 0.8% decline in February. Inflation Trends and Policy Response 9MFY25 CPI Inflation: 5.25% (compared to 27.06% in 9MFY24). May 2023 Inflation Peak: 38% (record high). Projected Inflation for April 2025: 2-3% (per Finance Division). The Monetary Policy Committee (MPC) maintained…
Islamabad, April 03: US President Donald Trump has launched a global trade war, announcing sweeping reciprocal tariffs on over 180 countries, with Pakistan among the most affected. The South Asian nation now faces a 29% tariff on its exports to the US, potentially eroding its competitive edge in the American market. Impact on Pakistan’s Trade The US remains one of Pakistan’s largest trading partners, accounting for 19% of the country’s total exports. Of the $3.6 billion in goods exported to the US in the first seven months of FY2025, 79% consisted of textile and apparel products—an industry that could be hit…
