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SBP governor sees Pakistan economy moving forward

State Bank of Pakistan Governor Jamil Ahmed said the country’s economy was moving in the right direction, pointing to rising remittances and foreign exchange reserves. Speaking at an Independence Day ceremony in Karachi, Ahmed said Pakistan recorded 3.6% economic growth during fiscal year 2026 despite continuing challenges in the global economy. Read more : SBP forecasts Pakistan’s […]

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U.S. Imposes Tariffs Up To 100% on Imported Drones

The United States has decided to impose high tariffs of up to 100% on imported drones and related parts. The measure is directly aimed at China, which occupies a significant portion of the global…

  • U.S. imposes tariffs up to 100% on imported drones targeting China.
  • Section 232 investigation reveals excessive U.S. dependence on foreign drones.
  • 100% tariff effective September 3, 25% tariff on low-security-sensitive parts from September 3.

Hyundai Union Extends Partial Strikes to Six Hours

The Hyundai Motor labor union is intensifying its strike and strongly pressuring management ahead of the National Liberation Day holiday.

  • Hyundai union extends partial strike to six hours daily.
  • Union demands 149,600 won base pay increase and 30% profit share.
  • Management offers lower pay increase and fewer bonuses.

U.S. Automakers Protest Reverse Discrimination Over New Tariff Rules

"An additional cost of at least $2 billion per year for each U.S. automaker."This is the economic scorecard the Detroit auto industry will have to bear if the Donald Trump administration’s push to…

  • U.S. automakers could face $2 billion annual cost per manufacturer.
  • Proposed tariff requires 50% of vehicle value made in U.S., up from 75%.
  • GM projects $3.5 billion in tariff-related costs this year.

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