Business News Archive - Page 65

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China rejects reports Pakistan shipped rare earth samples to US

Beijing rejected reports Pakistan sent rare earth samples to the US using Chinese tech. China said the samples shown were locally purchased gem ores, not REE linked to China. Officials stressed China–Pakistan ties remain an "all-weather" partnership. New export controls on certain rare earth technologies take effect on Nov 8 and aren’t Pakistan-specific. Beijing said the move is a legal step to tighten oversight and reduce proliferation risks.

Business15-Oct-25

Business

Finance czar courts US investors, touts new tariff framework

Pakistan’s finance minister courted US investors in Washington, DC. He cited improving macro trends under the IMF programme and regulatory reforms. A new US tariff framework was pitched as a springboard for trade and projects. Talks with IFC focused on expediting the Reko Diq initiative. At the Commonwealth forum, he urged climate finance and Loss & Damage activation. Corporate outreach stressed private-sector-led growth and deeper US–Pakistan ties.

Business14-Oct-25

Modi, Starmer tout ‘new energy’ as India-UK trade pact advances

Modi and Starmer said India-UK relations have fresh momentum after a July trade pact. Tariff cuts target consumer goods and food; London eases duties on apparel and seafood. Starmer sought new investments during his first India trip as prime minister. Defense and education links, including UK university campuses in India, are expanding. Officials pitched the tie-up as an engine for jobs and growth in both economies.

Business09-Oct-25

Starmer pushes rapid rollout of UK–India trade deal on Mumbai trip

Keir Starmer opens a trade-focused visit to India. He urges fast implementation of the UK–India free trade deal. The pact cuts tariffs and targets a £25.5bn trade boost by 2040. Ratification is targeted within a year; meetings with PM Modi are planned. Business groups back the push but warn against higher taxes.

Business08-Oct-25

US firm to supply AMRAAM missiles to Pakistan in $41.6m add-on

Raytheon secures a $41.6m modification to supply AMRAAMs to Pakistan. Contract value climbs to roughly $2.512b; work runs to May 2030. Pakistan added to a wide roster of foreign military sales customers. Deal presented alongside signs of warmer Pakistan–US relations.

Business07-Oct-25

PSX pulls back as profit-taking cools record rally

KSE-100 eases 0.73% as profit-taking sets in after records. Index swung between 169,326 intraday high and 165,997 low. Analyst flags FBR shortfall, trade gap and inflation as drivers. Q1 FBR collections missed target by Rs198bn; September also below goal. Wider trade and services deficits add pressure to currency and sentiment.

Business06-Oct-25

Pakistan, IMF to reset budget targets after flood losses

Flood loss estimates near Rs650bn prompt fiscal reset talks with IMF. FBR tax target likely cut to Rs14.001tr; non-tax revenues also pared back. GDP growth seen revised from 4.2% toward ~3.9% amid damage and uncertainty. PSDP kept at Rs1tr but releases may slow to hit deficit and primary goals. Recalibration aims to clear path to staff-level agreement under IMF programs.

Business06-Oct-25

Business

Bitcoin hits fresh record at $125,689 amid risk rally

Bitcoin set a new record, touching $125,689 to top its August peak. The jump is linked to firmer equities, ETF inflows and safer-haven demand. A more accommodating US policy mood has improved sentiment around crypto. Traders cite a softer dollar and “debasement” concerns as tailwinds.

Business05-Oct-25

Pakistan’s trade gap jumps 46% to $3.34bn in September

September goods deficit swells to $3.34bn. Imports rise 14% while exports drop 11.7%. Q1 FY26 gap hits $9.37bn, up 32.9% YoY. Economists flag rupee and reserve risks. Calls grow for export diversification and reforms.

Business03-Oct-25

Aurangzeb: Pakistan can fund flood relief without UN aid

Finance minister says domestic budget can cover flood relief. Remittances seen rising to $41–43bn this year. Policy rate may ease if conditions allow, he adds. 24 SOEs moved to Privatisation Commission amid reforms. Flood losses estimated at Rs371bn; growth cut to 3.9%.

Business03-Oct-25

150,000+ US federal staff depart in historic talent exodus

Reuters reports over 150,000 federal workers are exiting under buyouts. Experts warn of a deep loss of institutional knowledge across agencies. Weather, health and space programs face strain as specialists depart. NASA and NOAA defend continuity plans despite large reductions. The administration projects broader civil service cuts and major savings.

Business02-Oct-25

Pakistan economy shows stability as inflation, deficits ease: ministry

• Finance ministry reports continued macro stabilisation in early FY26. • Inflation drops to 3% in August; July–August average at 3.5%. • LSM up 9% YoY; cement and autos lead gains. • Fiscal deficit contained at 0.2% of GDP; primary surplus posted. • Exports and remittances rise; reserves near $19.8bn as sentiment lifts PSX.

Business30-Sept-25