US President Donald Trump asserted in an interview published on Friday that tariff negotiations were under way with China, but Beijing denied any talks were taking place, the latest in a series of conflicting signals over what progress was being made to de-escalate a trade war threatening to sap global growth. Trump told TIME magazine that talks were taking place and that Chinese President Xi J
Industrial activities on Saturday displayed a mixed response to the Jamaat-i-Islami’s strike call to protest the ongoing genocide in Gaza by Israeli forces and to express solidarity with the Palestinian people. The business environment is generally slow on Saturdays, as many multinational companies take a half-day or a full day off. However, export-oriented units operate 24 hours on double sh
Finance Minister Muhammad Aurangzeb said on Saturday that Pakistan is eager to strengthen its business relationship with the United States, while also seeking ways to address the existing trade imbalance between the two countries. Speaking at a news briefing at the Pakistan Embassy in Washington, at the conclusion of his visit to attend the Spring Meetings of the International Monetary Fund (I
Interior Minister Mohsin Naqvi assured foreign investors that Pakistan was a safe country to invest in and that the government would “fulfil [its] responsibility of protecting them at all costs”, a press release from the ministry said on Sunday. While Pakistan has made efforts to exploit its natural resources and has invited foreign investment in different projects, the security situation in Ba
The federal government has conveyed its displeasure to the Punjab government over delay in approval process for tariff reduction of its two LNG-based power plants of more than 2,400MW, involving about Rs600bn savings over their remaining useful lives of 18 to 23 years. A senior official told Dawn that Central Power Purchasing Agency (CPPA) — a subsidiary of the power division — had been in cont