Topic

Commerce Department

US goods trade deficit hits 14-month high in May as imports surge

Published 29 Jun, 2026 02:36am

WASHINGTON: The US trade deficit in goods swelled to a 14-month high in May as businesses boosted imports, likely to...

US awards $500 million to Nvidia-backed SandboxAQ for finding new chipmaking materials

Published 17 Jun, 2026 04:51pm

SandboxAQ was valued at $5.75 billion in April 2025 and has raised more than $1 billion to date

S&P 500 slips as investors assess mixed data

Published 14 Mar, 2026 04:55am

NEW YORK: The benchmark S&P 500 fell in choppy trading on Friday and was on track to end the week lower, along...

Dollar falls after SC rules against Trump’s tariffs

Published 21 Feb, 2026 05:36am

NEW YORK: The dollar dropped on Friday and was on track to snap a four-session streak of gains after the US Supreme...

Euro dips on reports ECB chief to leave

Published 19 Feb, 2026 04:34am

NEW YORK: The euro declined on Wednesday after a report that European Central Bank (ECB) President Christine Lagarde...

Oil steadies as market weighs Venezuela supply risks

Published 24 Dec, 2025 06:21am

NEW YORK: Oil prices were little changed on Tuesday as potential sales of Venezuelan crude seized by the United...

S&P 500 nears record high as data backs Fed cut expectations

Published 24 Dec, 2025 06:21am

NEW YORK: US stock indexes erased early losses on Tuesday and the S&P 500 inched closer to record highs as...

Trump mulls tariffs on foreign electronics based on number of chips, sources say

Published 27 Sep, 2025 12:41pm

WASHINGTON: The Trump administration is considering imposing tariffs on foreign electronic devices based on the...

Trump’s higher tariff rates hit goods from major US trading partners

Published 07 Aug, 2025 10:49am

President Donald Trump’s higher tariff rates of 10% to 50% on dozens of trading partners kicked in on Thursday,...

Trump executive order demands pharma industry price cuts

Updated 13 May, 2025 03:56pm

WASHINGTON: US President Donald Trump signed a wide-reaching executive order on Monday directing drugmakers to lower...

Trump pick Lutnick’s firm in talks with Tether for $2 billion bitcoin lending project, Bloomberg reports

Published 24 Nov, 2024 02:51pm

US President-elect Donald Trump’s pick for Commerce Secretary, Howard Lutnick is in talks to deepen his financial...

Donald Trump taps former WWE CEO Linda McMahon as education secretary

Published 20 Nov, 2024 10:55am

WASHINGTON: US President-elect Donald Trump has chosen Linda McMahon as education secretary, putting the former...

Moderate US economic growth expected in second quarter

Published 27 Jul, 2023 10:23am

WASHINGTON: The US economy likely maintained a moderate pace of growth in the second quarter as labor market...

Biden’s budget plan would boost childcare funding by billions of dollars

Published 09 Mar, 2023 11:24am

WASHINGTON: US President Joe Biden’s fiscal 2024 budget plan would boost federal funding for childcare and early...

US adds units of China’s BGI, Inspur, and Pakistani firms to trade blacklist

Published 03 Mar, 2023 03:28pm

The Biden administration on Thursday added 37 companies to a trade blacklist, including units of Chinese genetics...

US manufactured goods orders slump on fall in aircrafts segment

Published 23 Dec, 2022 07:51pm

WASHINGTON: Orders for big-ticket US manufactured goods dropped more than expected in November, bogged down by a...

US economy sees surprise Q1 contraction despite solid spending

Published 29 Apr, 2022 05:43am

WASHINGTON: The US economy shrank in the first quarter of 2022 as the Omicron variant of the coronavirus hampered...

Biden orders government to study digital dollar, other cryptocurrency risks

Published 09 Mar, 2022 04:27pm

WASHINGTON: US President Joe Biden will sign an executive order on Wednesday requiring the government to assess the...

US trade deficit ends 2021 with slight increase

Published 09 Feb, 2022 05:46am

WASHINGTON: The United States ended a year that saw a big increase in the trade deficit with a slight but unexpected...

Delta variant likely slammed brakes on US economic growth in third quarter

Published 28 Oct, 2021 10:35am

WASHINGTON: The US economy likely grew at its slowest pace in more than a year in the third quarter as COVID-19...

Higher prices help to boost US retail sales in September

Updated 15 Oct, 2021 07:23pm

Retail sales increase 0.7% in September
Higher prices contributed to boosting receipts
Core retail sales rise 0.8%; August revised slightly up

US manufactured goods’ growth slows in June

Published 28 Jul, 2021 04:45am

WASHINGTON: Orders for big-ticket manufactured goods grew at a slower-than-expected pace last month in the United...

US housing starts rise less than expected in May; building permits fall

Published 16 Jun, 2021 06:05pm

Housing starts rose 3.6% to a seasonally adjusted annual rate of 1.572 million units last month.
Though lumber prices dropped from a record high set in early May, softwood lumber prices increased 154.3% year-on-year in May.

US retail sales take step back

Published 16 Jun, 2021 03:39am

WASHINGTON: US retail sales dropped more than expected in May, with spending rotating back to services from goods as...

US inflation surges in April; consumer spending moderates

Published 28 May, 2021 08:53pm

Core PCE price index jumps 0.7% in April.
Core PCE price index accelerates 3.1% year-on-year.
Consumer spending increases 0.5%; income drops 13.1%.

Australia shares close at record high on mining, energy boost

Published 28 May, 2021 02:37pm

The broader market was also aided by an uptick in US shares overnight after data showed an improvement in the labour market.

US home prices rose more than expected in March

Published 25 May, 2021 08:02pm

The S&P/Case Shiller composite index of 20 metropolitan areas gained 13.3% through the 12 months ended in March on a seasonally adjusted basis, the largest annual price increase since December 2013. A Reuters poll of economists had forecast a 12.3% increase.
On month-to-month basis, the 20-city composite index rose 1.6% from February. Economists polled by Reuters had been expecting a 1.2% increase.

Fiscal stimulus powers US economic growth in Q1

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Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jul 17	278.16
USD PKR Interbank Buying / Jul 17	277.96
USD to Japanese Yen / Jul 20	162.36
USD to Swiss Franc / Jul 20	0.81
Pound Sterling to USD / Jul 20	1.35
Euro to USD / Jul 20	1.14
SOFR % / Jul 17	3.60

Stock	Volume
S&P 500 / Jul 17	7,457.69
India Sensex / Jul 17	78,151.45
Nasdaq / Jul 17	25,520.24
Dow Jones / Jul 17	52,146.42
Tokyo Nikkei / Jul 20	77,672.21
Hang Seng / Jul 20	25,069.85
FTSE 100 / Jul 20	10,562.80
Germany DAX 30 / Jul 20	24,913.94
France CAC40 / Jul 20	8,361.60

Item	Value
Karachi Cotton PKR/37.32 KG / Jul 17	18,780
Gold 10 Grams PKR / Jul 17	361,656
Petrol/Litre / Jul 20	316.15
Crude Oil USD/Barrel / Jul 20	84.29
Gold Spot USD/Ounce / Jul 20	4,011.10
Diesel/Litre / Jul 20	354.35
Cotton US¢/pound / Jul 20	79.24

Gainers
Losers
Leaders

Stock	Price
Asia Ins. / Jul 20 Asia Insurance Company Limited(ASIC)	37.90 ▲ 3.45 (10.01%)
TPL Insurance / Jul 20 TPL Insurance Limited(TPLI)	64.08 ▲ 5.83 (10.01%)
Ahmad Hassan / Jul 20 Ahmad Hassan Textile Mills Limited(AHTM)	100.21 ▲ 9.11 (10%)
Baba Farid Sugar / Jul 20 Baba Farid Sugar Mills Limited(BAFS)	460.42 ▲ 41.86 (10%)
Crescent Cotton / Jul 20 Crescent Cotton Mills Limited(CCM)	59.05 ▲ 5.37 (10%)
National Silk / Jul 20 The National Silk & Rayon Mills Limited(NSRM)	299.43 ▲ 27.22 (10%)
Olympia Mills / Jul 20 Olympia Mills Limited(OML)	118.34 ▲ 10.76 (10%)
Pak Refinery / Jul 20 Pakistan Refinery Limited(PRL)	49.05 ▲ 4.46 (10%)
Husein Industries / Jul 20 Husein Industries Limited(HUSI)	55 ▲ 5 (10%)
Leather Up Ltd. / Jul 20 Leather Up Limited(LEUL)	45.98 ▲ 4.18 (10%)

Stock	Price
Khairpur Sug. / Jul 20 Khairpur Sugar Mills Limited(KPUS)	1,684.32 ▼ -187.15 (-10%)
Service Textile / Jul 20 Service Industries Textiles Limited(SERT)	56.04 ▼ -6.23 (-10%)
S.G.Power / Jul 20 S.G. Power Limited(SGPL)	87.83 ▼ -9.76 (-10%)
Maqbool Textile / Jul 20 Maqbool Textile Mills Limited(MQTM)	33.43 ▼ -3.71 (-9.99%)
Ideal Dynamics / Jul 20 Ideal Dynamics Limited(IDEAL)	49.50 ▼ -5.25 (-9.59%)
Fateh Sports / Jul 20 Fateh Sports Wear Limited(FSWL)	136.39 ▼ -13.9 (-9.25%)
Buxly Paints / Jul 20 Buxly Paints Limited(BUXL)	173.04 ▼ -16.9 (-8.9%)
ARM Green Industries / Jul 20 ARM Green Industries Limited(ARMG)	64.63 ▼ -6.07 (-8.59%)
Elahi Cotton / Jul 20 Elahi Cotton Mills Limited(ELCM)	216.01 ▼ -20.08 (-8.51%)
Metro Steel / Jul 20 Metropolitan Steel Corporation Limited(MSCL)	22.03 ▼ -2.02 (-8.4%)

Stock	Volume
Cnergyico PK / Jul 20 Cnergyico PK Limited(CNERGY)	166,059,814 ▲ 0.8
Pak Refinery / Jul 20 Pakistan Refinery Limited(PRL)	49,159,104 ▲ 4.46
TPL Properties / Jul 20 TPL Properties Limited(TPLP)	38,436,785 ▲ 0.41
Trust Sec.& Brok. / Jul 20 Trust Securities & Brokerage Limited(TSBL)	36,283,729 ▲ 0.15
K-Electric Ltd. / Jul 20 K-Electric Limited(KEL)	27,615,297 ▼ -0.07
Lotte Chemical / Jul 20 Lotte Chemical Pakistan Limited(LOTCHEM)	17,575,908 ▲ 0.54
WorldCall Telecom / Jul 20 Worldcall Telecom Limited(WTL)	15,089,114 ▲ 0
B.O.Punjab / Jul 20 The Bank of Punjab(BOP)	14,202,726 ▲ 0.01
Maple Leaf Cement / Jul 20 Maple Leaf Cement Factory Limited(MLCF)	13,521,739 ▲ 0.86
F. Nat.Equities / Jul 20 First National Equities Limited(FNEL)	13,125,536 ▲ 0.01

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