UAE
AD Ports Group sees revenue surge in H1
AD Ports Group posted a more than 3% rise in net profit to AED 668 million (US$182 million) for the first half of 2025.
Aug 14, 2025
Aug 14, 2025
Economy
UAE
TAQA posts higher revenue in H1 2025, keeps focus on energy transition
The group cut debt and ramped up AED 5.2 billion in investments toward flexible generation, transmission upgrades, and desalination to support energy transition goals.
Aug 14, 2025
Aug 14, 2025
UAE
UAE ranks second globally for Foreign Direct Investment
Pro-investment reforms, the NextGen FDI programme, and a growing network of Cepa trade deals are driving the country’s long-term FDI growth ambitions.
Aug 14, 2025
Aug 14, 2025
Business
SBP sees trade gap widening, projects current account deficit of up to 1% of GDP in FY26
Central bank forecasts GDP growth of 3.25-4.25% and reserves rising to $15.5B by year-end, but warns external financing needs remain high despite stronger remittances
Aug 14, 2025
Aug 14, 2025
Business
Pakistan fuel prices likely to be revised for next fortnight
Petrol prices may rise by PKR 1.33 per liter, while high-speed diesel could drop by PKR 11.75 per liter
Aug 14, 2025
Aug 14, 2025
Top Stories
Moody's upgrades Pakistan's rating to Caa1
The credit outlook has also been revised to stable from positive
Aug 13, 2025
Aug 13, 2025
UAE
Emaar, Aldar drive UAE property market boom as investor confidence climbs
AED 322B in H1 2025 transactions fueled by reforms, incentives, and strong investor demand
Aug 13, 2025
Aug 13, 2025
Top Stories
Finance minister says IMF team to arrive in Pakistan in September for next review
Minister expects further cut in interest rate
Aug 13, 2025
Aug 13, 2025
Business
Pakistan central bank tightens net on trade-based money laundering
Updated framework introduces stricter red flags, advanced analytics, and global best practices to help banks detect and prevent illicit financial flows through trade channels
Aug 13, 2025
Aug 13, 2025
Top Stories
SBP lifts lien rule on delayed export proceeds, unlocking funds for exporters
Central bank ends policy allowing banks to freeze exporters’ earnings over payment delays, aiming to ease cash-flow pressures and boost business confidence
Aug 13, 2025
Aug 13, 2025
Videos
Pakistan’s power market goes competitive
The country will launch its first competitive wholesale electricity market this year
Aug 13, 2025
Aug 13, 2025
Videos
Which country benefits from Pakistan's Independence Day fever?
The country's cottage industry is in trouble
Aug 13, 2025
Aug 13, 2025
Top Stories
Pakistan calls for ‘plastic tax’ on rich nations
In its statement to INC-5.2, the country says the global south is bearing a disproportionate burden of excessive plastic consumption in developed countries
Aug 12, 2025
Aug 12, 2025
Business
Pakistan's auto sales increase 28% in July
The number of units sold fell by almost half compared to June
Aug 12, 2025
Aug 13, 2025
Top Stories
Experts call for urgent climate financing as Pakistan deals with natural disasters
In a new report, OICCI outlines actions for regenerative agriculture, decarbonization and carbon market development
Aug 12, 2025
Aug 12, 2025
Top Stories
Pakistan finalizes IMF-backed plan to extend debt maturities, boost sustainability
Strategy aims to lengthen repayment timelines for domestic and external debt, curb refinancing risks, and align with IMF conditions by 2028
Aug 12, 2025
Aug 12, 2025
Top Stories
Barrick seeks $3.5B in global financing for Pakistan’s Reko Diq mine
Canadian miner eyes G7-backed lenders, including US institutions, to fund massive copper-gold project set to start production in 2028
Aug 12, 2025
Aug 12, 2025
Partner
US, China extend tariff truce by 90 days
The United States and China on Monday extended their tariff truce by 90 days, delaying a steep increase in duties and giving both sides more time to negotiate a broader trade agreement.
The extension postpones tariff hikes that had been set to kick in at 12:01 a.m. EDT Tuesday, which could have triggered a virtual trade embargo between the world’s two largest economies.
President Donald Trump announced on Truth Social that he signed an executive order pausing the tariff increases until November 10 at 12:01 a.m. EST.
Holiday season relief
The move averts a potential spike in tariffs—up to 145% on Chinese goods and 125% on U.S. products—that would have hit retailers just as they prepare for the holiday shopping season.
Trump's order maintains the current 30% tariff rate on Chinese imports, with Chinese tariffs on U.S. goods holding at 10%.
China’s Commerce Ministry mirrored the move early Tuesday, delaying new penalties and the inclusion of U.S. firms on its trade restriction lists.
Talks in motion
“The United States continues to have discussions with the PRC to address the lack of trade reciprocity,” the executive order stated, referencing national and economic security concerns.
Trump emphasized his relationship with Chinese President Xi Jinping and said both sides were making progress.
“We'll see what happens,” he told reporters Monday.
Beijing said the delay stems from the “important consensus” reached during a June 5 call between the two leaders and aims to stabilize the global economy.
Toward a Trump-Xi summit
Wendy Cutler, vice president at the Asia Society Policy Institute, called the move “positive news.” She noted it signaled a willingness on both sides to create conditions for a Trump-Xi meeting in the fall.
Negotiators from both countries met in May in Geneva and again in July in Stockholm. Following those talks, U.S. officials recommended extending the truce.
‘Down to the wire’
Treasury Secretary Scott Bessent has called the looming tariffs “untenable,” arguing they had become a de facto trade embargo.
“It wouldn’t be a Trump-style negotiation if it didn’t go right down to the wire,” said Kelly Ann Shaw, a former White House trade adviser.
She said Trump likely demanded more concessions from Beijing before agreeing to the extension. On Sunday, Trump pushed for a fourfold increase in Chinese soybean purchases, but dropped the request Monday.
Economic impact
Imports from China surged early this year in anticipation of tariff hikes but fell sharply in June. The U.S. trade deficit with China dropped to $9.5 billion—its lowest since February 2004.
In five straight months of decline, the trade gap narrowed by $22.2 billion, a 70% year-over-year reduction.
Ryan Majerus, a former trade official, said the truce offers “breathing room” and lowers tensions as talks continue.
Washington has also pressed Beijing to curb purchases of Russian oil amid the war in Ukraine, with Trump threatening secondary sanctions if China does not comply.
Keep reading...Show less
Aug 12, 2025
Aug 12, 2025
Top Stories
Pakistan awaits US investments after ‘major success’ in trade talks, says finance minister
Aurangzeb hails progress on potential deal as Washington signals lower tariffs, sectoral investments, and deeper economic cooperation
Aug 11, 2025
Aug 11, 2025
Top Stories
Markets climb, oil slips, Bitcoin nears record
Oil prices drop on supply optimism, while Bitcoin surges toward an all-time high.
Aug 11, 2025
Aug 11, 2025
Load More
Back To Top
Company
© 2025 NUKTA. Owned by Pulse Media Networks FZ-LLC All Rights Reserved.