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The U.S. tariff strategy is taking a sharp turn as President Donald Trump prepares to send formal tariff letters to 12 countries next week. These letters, described as “take-it-or-leave-it” offers, outline the new tariff levels nations will face on exports to the United States. Trump signed the letters aboard Air Force One and confirmed they …
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Conflicting statements from US officials over ongoing “China tariff talks” have fueled uncertainty as tensions between Washington and Beijing continue to rattle global markets. Mixed Messages from Trump Administration On Sunday, key members of President Donald Trump’s cabinet offered conflicting views about whether negotiations with China over tariffs are actually taking place. President Trump had …
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The global economy faces rising uncertainty as the International Monetary Fund (IMF) calls on the United States to finalize trade agreements swiftly. IMF Managing Director Kristalina Georgieva, speaking during the IMF’s spring meetings in Washington, warned that unresolved trade tensions, particularly those stemming from former President Donald Trump’s tariff policies, are threatening global growth. Uncertainty …
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In a decisive move to stabilize Pakistan’s power sector, the NEPRA tariff revision has introduced a series of major policy changes designed to reduce long-term costs and minimize foreign exchange risks. The announcement came during a public hearing on April 24, 2025, at NEPRA’s Islamabad headquarters, chaired by Mr. Waseem Mukhtar. The hearing focused on …
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Pakistan is actively working to strengthen Pakistan-US trade relations by increasing imports from the United States and addressing trade barriers. Finance Minister Muhammad Aurangzeb revealed this strategy during an interview with Bloomberg News, highlighting Pakistan’s intent to ease tensions rooted in high tariffs imposed during Donald Trump’s presidency. Buying More, Building Bridges Aurangzeb stated that …
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In a fresh twist in the ongoing US-China trade war, President Donald Trump has reversed an earlier exemption on smartphones and other electronics. Days after US authorities announced that devices like smartphones and laptops would escape new import duties, Trump declared that they were not exempt but rather reassigned to a different tariff category. This …
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As the Trump-China trade war escalates, US import tariffs have become a serious concern for major American industries. With President Donald Trump pushing tariffs on Chinese goods up to 145 percent, several sectors are now facing economic headwinds. From tech to agriculture, many companies must brace for higher costs and shrinking profit margins. Tariffs Target …
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Gold price volatility is back in focus as the keyword “trade tariff impact” continues to shake investor confidence. On Monday, gold prices retreated slightly from record highs. This dip came as the U.S. signaled partial relief from strict trade tariffs on Chinese imports. However, ongoing tensions between Washington and Beijing kept markets cautious. Mild Recovery …
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As the US-China trade war intensifies under Donald Trump’s renewed tariff policy, Pakistan faces a looming economic threat. With Washington slapping a staggering 145% tariff on Chinese imports and maintaining a blanket 10% tariff on others, countries like Pakistan find themselves caught in the crossfire—potentially facing a “double whammy” of lost export markets and a …
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In a welcome move for electricity consumers across Pakistan, the National Electric Power Regulatory Authority (NEPRA) has approved a significant power tariff cut of Rs1.71 per unit. This price reduction, proposed by the federal government, will be in effect from April to June 2025 and will apply nationwide, including areas served by K-Electric. Relief for …
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The Pakistan Stock Exchange (PSX) staged a strong recovery on Thursday, rallying over 2,000 points after US President Donald Trump temporarily suspended tariffs on dozens of countries — except China — for 90 days. The move eased investor concerns and brought relief to markets worldwide, including the KSE-100 index, which mirrored the global bounce-back. Market …
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In a surprise move that could ease tensions in global trade, former U.S. President Donald Trump has announced a tariff pause of 90 days for all countries that have refrained from retaliating against the United States. The announcement, made through a post on X (formerly Twitter) Wednesday afternoon, signals a temporary shift in Trump’s aggressive …
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A significant electricity tariff reduction announced by Prime Minister Shehbaz Sharif has offered relief to consumers, but only part of the Rs7.41 per unit cut will be permanent. Out of this reduction, Rs3.93 per unit is sustainable, while the remaining Rs3.50 per unit will only last for three months. Breakdown of the Tariff Relief According …
Continue reading “Power Tariff Cut Offers Mixed Relief, But Not All of It Will Last”
Gold prices took a sharp hit on Thursday, falling 1.50% as investors reacted to the latest tariff announcement by the U.S. President Donald Trump’s reciprocal tariff policy triggered widespread market volatility, pushing traders to take profits and sell off gold holdings. At the time of writing, gold (XAU/USD) had dropped to $3,095, slipping below key …
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The International Monetary Fund (IMF) has approved a Re1 per unit reduction in electricity tariffs, providing relief to consumers struggling with rising inflation. The relief will be funded through a gas levy on captive power plants, ensuring financial stability while easing the burden on households. Tariff Relief Plan This electricity tariff reduction applies to all …
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The U.S. dollar lost momentum on Tuesday, retreating from a near three-week high as uncertainty over tariffs weighed on currency markets. After an early rise, the dollar weakened against major currencies, including the Japanese yen and euro, as traders reacted to shifting global economic signals. Tariff Concerns Shake Markets The dollar initially gained strength after …
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China has vowed to fight to the end in its ongoing trade war with the United States, responding to new US tariffs with its own countermeasures. As tensions rise, both nations continue imposing economic restrictions, affecting global markets and supply chains. China Rejects US Tariff Hikes The Chinese Embassy in Washington declared that Beijing is …
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Global stock markets tumbled after the US imposed tariffs on imports from China, Canada, and Mexico. President Donald Trump announced 25% tariffs on Canadian and Mexican goods and 20% on Chinese imports, sparking fears of a trade war. In response, China and Canada retaliated with their own import taxes, while Mexico prepared countermeasures. Markets across …
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Donald Trump’s plan to impose 25% tariffs on European Union (EU) imports could cause serious economic disruption. A report from the Kiel Institute warns that the move may shrink both the EU and US economies, push inflation higher, and destabilize global trade. The think tank describes this as a major shift in US-EU relations, with …
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Oil prices remain under pressure as uncertainty grows over the impact of U.S. President Donald Trump’s proposed tariffs and energy policies on global economic growth and oil demand. Despite recent losses, Brent crude futures edged up 18 cents to $79.18 per barrel, while U.S. West Texas Intermediate (WTI) rose 14 cents to $75.58. Analysts highlight …
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ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has asked the government to review Rs15.28 per unit taxes on electricity. The regulator has also questioned the uniform consumer tariff policy, which it says incentivizes inefficiencies in the power sector. In its State of the Industry Report 2024, Nepra warned that high electricity costs are crippling …
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Islamabad: The Ministry of Energy has successfully renegotiated a power purchase agreement with Safe Power Company, sources confirmed. The company’s board approved changes to the agreement, introducing a revised tariff structure aligned with the Task Force’s proposed rates. Safe Power Company will now follow the “Take and Pay” tariff, ensuring more reliable payment terms. The …
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