Tag Archives: trade


Cabinet discusses Kashmir situation, endorses decision to close trade with ...

08 August, 2019 7:55 pm 7:55 pm

ISLAMABAD (92 News) – Prime Minister Imran Khan presided over a meeting of the federal cabinet on Friday. Briefing the media about the decisions taken by the federal cabinet, Special Assistant to Prime Minister on Information Firdous Ashiq Awan said that Prime Minister Imran Khan took the cabinet into confidence on regional situation emerging after … Read More



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Federal, cabinet, meets, today, 19-point, agenda

Federal cabinet meets today to take up 12-point agenda including Kashmir

08 August, 2019 5:43 am 5:43 am

ISLAMABAD (92 News) – The federal cabinet is going to meet today to take up 12-point agenda that included latest situation in the Indian occupied Kashmir (IoK). Sources said a summary to abandon trade with India would be presented in the cabinet meeting to be chaired by Prime Minister Imran Khan. According to the ministry … Read More



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US China trade shanghai Shanghai Cooperation Organization

US, China to keep talking on trade after little progress in Shanghai

08 August, 2019 9:06 am 9:06 am

SHANGHAI/WASHINGTON (Reuters) – US and Chinese negotiators ended a brief round of trade talks with little sign of progress and agreed to meet again in September, prolonging an uneasy truce in a year-long trade war between the world’s two largest economies. The talks were the first face-to-face meetings since US President Donald Trump and Chinese … Read More



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White House releases declaration of Imran-Trump meeting

07 July, 2019 1:07 pm 1:07 pm

WASHINGTON (92 news) – The declaration released by the White House stated that the US President Donald J Trump showed willingness ‘to strengthen cooperation with Pakistan on issues that are vital to the peace, stability, and prosperity of the South Asia region’ during his meeting with Prime Minister Imran Khan. According to the declaration, President … Read More



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‘We are in Washington to discuss trade and not aid with US’: FM...

07 July, 2019 1:28 pm 1:28 pm

WASHINGTON DC (92 NEWS) – Foreign Minister Shah Mehmood Qureshi has made it clear that Pakistan will hold discussion with the United States for mutual trade and not for seeking any aid. Talking to media, he said Prime Minister Imran Khan is fighting the country’s case. “We have come to Washington with new approach and … Read More



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FBR chairman, loss, lack, check, Afghan, transit, trade, benami, taxes

Country suffered a loss due to lack of check on Afghan transit trade: FBR c...

07 July, 2019 7:41 pm 7:41 pm

ISLAMABAD (92 News) – Federal Board of Revenue (FBR) Chairman Shabbar Zaidi said that the country had suffered a loss due to lack of checks and balances on the Afghan transit trade. Addressing a seminar on Friday, he said that the government would collect revenue by imposing taxes on income instead of items. “All are … Read More



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KARACHI (92 News) – The US dollar fell by Rs.85 to reach Rs159.20 in the interbank market on Wednesday as the trading is continuing for the day. The benchmark KSE-100 index increased 50 points to push up the index. On Tuesday, the US dollar rose in the interbank market, inching up by 1.04 paisa to reach Rs160.90. The rupee maintained downward drive for the seventh straight session ahead of the likely hike in key interest rate. The rupee further weakened Rs1.04 to Rs160.90 to the US dollar in intra-day trade in the inter-bank market. The benchmark KSE-100 index decreased 110 points to push down the index less than 33,150 points. The State Bank of Pakistan (SBP) is strongly expected to hike key interest rate by 100 basis points to rein the future inflation in the afternoon. Last week, Pakistan received the first tranche of a loan of $991.4 million from the International Monetary Fund (IMF) under the under Extended Fund Facility (EFF). According to the State Bank of Pakistan (SBP), following the loan from the IMF, the country’s foreign exchange reserves now stand at above $15.0431 billion. The interbank rate is the benchmark rate to determine the value of dollar and sets the direction for open market rates. Since the open market or cash market rate usually remains higher than the interbank rate, the open market is likely to follow a similar trend throughout the day. The final rates for both cash and interbank market are compiled in the evening when businesses close.

Dollar slightly moves down after yesterday’s surge

07 July, 2019 11:28 am 11:28 am

KARACHI (92 News) – The US dollar fell by Rs.85 to reach Rs159.20 in the interbank market on Wednesday as the trading is continuing for the day. The benchmark KSE-100 index increased 50 points to push up the index. On Tuesday, the US dollar rose in the interbank market, inching up by 1.04 paisa to … Read More



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White House, Prime Minister, Imran Khan, visit, Washington, July 22

Money laundering responsible for trade deficit in country: PM Imran Khan

07 July, 2019 8:43 pm 8:43 pm

ISLAMABAD (92 News) – Prime Minister Imran Khan has said that money laundering is responsible for the trade deficit in the country. In an interview with a private TV channel on Monday, he said that the government had received the biggest deficit of the history. “We paid off US$10 billion as mark-up on foreign debts. … Read More



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Stocks relieved at trade truce, bonds step back

07 July, 2019 10:38 am 10:38 am

SYDNEY (Reuters) – Stocks rallied and bonds retreated in Asia as a thaw in the Sino-US trade dispute averted one threat to the global economy, leading investors to pare wagers on aggressive policy easing by the major central banks. The dollar firmed modestly on the safe-haven yen as Treasury yields rose and futures reined in … Read More



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us china tariff donald trump xi jinping trade huawei

China warns of long road ahead for deal with US after ice-breaking talks

06 June, 2019 8:29 am 8:29 am

OSAKA (Reuters) – China and the United States will face a long road before they can reach a deal to end their bitter trade war, with more fights ahead likely, Chinese state media said after the two countries’ presidents held ice-breaking talks in Japan. The world’s two largest economies are in the midst of a … Read More



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US, China, trade, Donald Trump, Xi, G-20

Trump, Xi agree to resume US-China trade talks during G-20 summit

06 June, 2019 2:36 pm 2:36 pm

OSAKA (Web Desk) – The United States and China have agreed to restart trade negotiations, easing a protracted row that has fuelled a global economic slowdown. US President Donald Trump and Chinese President Xi Jinping reached the agreement on the sidelines of the G20 summit in Japan. Mr Trump said the talks had been “excellent”. … Read More



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Trump talks trade at G20, China’s Xi warns against protectionism

06 June, 2019 10:02 am 10:02 am

OSAKA (Reuters) – US President Donald Trump made clear on Friday that trade was his top priority at a summit of leaders of Group of 20 nations, as China’s Xi Jinping warned against rising protectionism and India, Japan and Russia defended multilateral trade rules. Trump, who is holding a series of meetings on the sidelines … Read More



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PM, Imran Khan, wants, promote, international, trade, Firdous, Ashiq, Awan

PM Imran Khan wants to promote international trade: Firdous Ashiq Awan

06 June, 2019 5:40 pm 5:40 pm

ISLAMABAD (92 News) – Special Assistant to Prime Minister on Information Firdous Ashiq Awan has said that Prime Minister Imran Khan wants to promote international trade. Addressing a press conference on Monday, she said that announcement regarding huge investment from the Emir of Qatar reflects confidence in the prime minister. “Pakistan’s new partnership with Qatar … Read More



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Asia markets cautious as Trump presses Mexico on trade

06 June, 2019 8:30 am 8:30 am

SYDNEY (Reuters) – Asian shares got off to a hesitant start on Thursday as investors feared a looming US trade war with Mexico would further depress global growth, even as they wagered central banks would have to respond with fresh stimulus. MSCI’s broadest index of Asia-Pacific shares outside Japan dipped 0.01% in sparse early trade. … Read More



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Oil, prices, extend, drops, trade, wars, fan, fears, financial, markets

Oil prices extend drops as trade wars fan fears in financial markets

06 June, 2019 10:36 am 10:36 am

SINGAPORE (Reuters) – Oil prices fell more than 1% on Monday, extending losses of over 3% from Friday, when crude markets slipped to their biggest monthly losses in six months amid stalling demand and as trade wars fanned fears of a global economic slowdown. Front-month Brent crude futures were at $61.12 at 0444 GMT. That … Read More



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