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World Trade Organization

UK, US strike deal over Airbus-Boeing dispute

LONDON/NEW YORK: Britain and the US have suspended retaliatory tariffs levied during a 17-year dispute over state ...

Published 18 Jun, 2021 04:16am

US, EU agree truce in 17-year Airbus-Boeing conflict

BRUSSELS: The United States and the European Union have agreed a truce in their near 17-year conflict over aircraft...

Published 16 Jun, 2021 03:39am

Markets

IMF, World Bank prioritize vaccine access to end pandemic

But observers are pressing the institutions to do more, faster.

Published 02 Jun, 2021 10:42am

WTO says goods trade accelerating, with regional gaps

GENEVA: The recovery of global goods trade is accelerating from a steep drop a year ago due to COVID-19, although...

Published 29 May, 2021 03:59am

World

WTO says goods trade rising at accelerated pace

The WTO said its goods trade barometer had surged to 109.7 points, well above the baseline of 100, from 103.9 in February.

Published 28 May, 2021 05:34pm

Markets

Australia presses WTO barley case against China

At least 13 Australian sectors have been subjected to Chinese tariffs or some form of disruption, including beef, coal, copper, cotton, lobsters, sugar, timber, tourism, universities, wine, wheat and wool.

Published 28 May, 2021 12:43pm

Business & Finance

US voices 'concern' at proposed Canadian tax on tech giants

The US representative and the Canadian minister also discussed the protracted litigation over Canadian lumber. Washington believes that this wood is sold below the market price to promote exports.

Published 18 May, 2021 09:57am

Business & Finance

In first, WTO names women to half of deputy chief posts

GENEVA: World Trade Organization head Ngozi Okonjo-Iweala on Tuesday named two women to the WTO’s four deputy...

Updated 10 May, 2021 10:17am

World

Targeting China with trade reforms will not work

Anxious about China's powerful state-owned enterprises, the United States, European Union and Japan are pushing for curbs on industrial subsidies they say distort the global economy.
Beijing ought to be aware that its policies not only affect rich nations who are are complaining but also developing countries, the WTO head said.

Published 26 Apr, 2021 05:25pm

Misinvoicing of exports: DGCV empowered to prevent flight of capital

ISLAMABAD: The Federal Board of Revenue (FBR) has empowered the Directorate General of Customs Valuation to prevent...

Published 24 Apr, 2021 03:21am

Opinion

Reducing vaccine inequality

‘Ensuring widespread global access to Covid-19 vaccines, which is necessary for preventing cases and deaths and...

Published 23 Apr, 2021 05:12am

World

WTO to work with Europeans on legality of EU carbon tax plan

GENEVA: The World Trade Organization will work with a number of European countries to ensure a proposed EU carbon ...

Updated 02 Apr, 2021 09:06am

WTO hikes 2021 trade growth forecast

GENEVA: The World Trade Organization slightly raised its growth forecast for global goods trade this year, but said...

Published 01 Apr, 2021 04:10am

Pakistan

WTO says 2021 global trade recovery rests on vaccines

The predicted bounce-back in global merchandise trade by volume is slightly stronger than the WTO's previous 7.2 percent forecast issued in October.

Updated 01 Apr, 2021 12:02am

Business & Finance

Australia threatens WTO action as China hikes duty on wine

SYDNEY: Australia's trade minister threatened to take China to the World Trade Organization on Saturday over its...

Published 31 Mar, 2021 05:42am

Opinion

Global vaccine justice — II

Moreover, vaccine inequality, whereby rich countries are significantly outpacing poorer countries in terms of ...

Published 06 Mar, 2021 05:01am

World

US, UK suspend tariffs and seek aircraft row resolution

LONDON/WASHINGTON: The United States agreed a four-month suspension of retaliatory tariffs imposed on British goods...

Updated 05 Mar, 2021 09:41am

World

US urges Saudi Arabia to give up special developing nation status at WTO

US delegation urged it to improve protection of intellectual property and voiced concerns on planned revisions to its excise tax on beverages.
Washington favoured a switch to a graduated tax based on sugar content while exemting beverages that contain no added sugar, it said.

Published 03 Mar, 2021 06:22pm

Business & Finance

Hope for new momentum as Ngozi takes WTO reins

GENEVA: Ngozi Okonjo-Iweala took the reins of the World Trade Organization Monday with a daunting to-do list, not...

Updated 02 Mar, 2021 09:44am

Business & Finance

Hopes for WTO momentum as new boss takes charge

The Ottawa Group, which brings together the EU and 12 countries including Brazil, Canada and Switzerland, will meanwhile demand that countries commit not to hinder the flow of medical goods during the pandemic, and remove customs duties on those considered essential.

Published 01 Mar, 2021 10:44am

World

Nigeria's Okonjo-Iweala makes history as head of WTO

Okonjo-Iweala chosen as WTO's 7th chief.
Former Nigeria minister has strong reform record.
Geneva-based body leaderless for six months.
Trump paralysed some of WTO's functions.

Published 15 Feb, 2021 08:26pm

World

Macron floats brokered Airbus-Boeing accord to Biden: report

The European Commission said in response to the move that it "regrets that the United States has chosen to add further EU products to its retaliation list in the WTO Airbus case on aircraft subsidies."

Published 11 Feb, 2021 11:15am

Markets

WTO delays ruling on US metal tariffs to second half of 2021

The WTO panel handling challenges brought by China, the European Union, India, Norway, Russia, Switzerland and Turkey had previously said its final report would not be before autumn 2020.
The US administration of former President Donald Trump set duties in 2018 of 25% on incoming steel.

Published 08 Feb, 2021 07:20pm

World

Final WTO talks under way on selecting new leader, delegates say

Washington backed Nigerian former finance minister Ngozi Okonjo-Iweala on Friday, reversing its previous opposition and prompting her to express optimism about her appointment.
"Ngozi will be announced at the next General Council," said a delegate. It was not clear when that council would be.

Published 08 Feb, 2021 05:00pm

Markets

CBOT soyabean futures fall

CHICAGO: Chicago Board of Trade soyabean futures slid on Tuesday as rains across Brazil and Argentina bolstered...

Published 21 Jan, 2021 04:23am

Business & Finance

African free trade bloc opens for business, but challenges remain

Still, proponents of the zone are confident that initial steps towards its implementation will already allow member states to double intra-African trade by 2025.

Published 01 Jan, 2021 12:31pm

World

EU bets on Biden to resolve aircraft subsidy row

New US tariffs set for Jan. 12.
US expands list over EU retaliation it sees as excessive.
Airbus says it trusts Europe will respond "appropriately".
French wine exporters call new tariffs a sledgehammer.

Published 31 Dec, 2020 06:00pm

Business & Finance

US imposes new tariffs on French, German products in Airbus-Boeing spat

As a result the US "is forced to change its reference period to the same period used by the European Union," it continued.

Published 31 Dec, 2020 09:44am

Pakistan

Pak-Afghan trade to boost regional economic integration: Razak

He said Pakistan has agreed to provide opportunities to Afghanistan trade items through Gwadar and Bin Qasim Ports in a good gesture to enhance the economic ties.

Published 29 Dec, 2020 12:17am

World

WTO confirms launch of Australia-China trade dispute over barley

The request was officially circulated to WTO members on Monday and published by the Geneva-based body.

Published 22 Dec, 2020 02:10am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 25	278.52
USD PKR Interbank Buying / Apr 25	278.32
USD to Japanese Yen / Apr 25	155.60
USD to Swiss Franc / Apr 25	0.91
Pound Sterling to USD / Apr 25	1.25
Euro to USD / Apr 25	1.07

Stock	Volume
S&P 500 / Apr 24	5070.63
Nasdaq / Apr 24	15712.75
Dow Jones / Apr 24	38460.92
India Sensex / Apr 25	73780.80
Tokyo Nikkei / Apr 25	37628.48
Hang Seng / Apr 25	17264.90
FTSE 100 / Apr 25	8077.84
Germany DAX 30 / Apr 25	17994.97

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 23	21035
Gold 10 Grams PKR / Apr 23	213220
Petrol/Litre / Apr 25	293.94
Crude Oil USD/Barrel / Apr 25	83.02
Gold Spot USD/Ounce / Apr 25	2325.45
Diesel/Litre / Apr 25	290.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 25 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 25 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 25 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 25 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 25 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 25 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 25 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 25 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 25 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 25 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 25 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 25 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 25 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 25 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 25 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 25 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 25 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 25 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 25 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 25 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 25 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 25 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 25 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 25 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 25 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 25 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 25 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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