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China draws ‘red lines’ around its economic model ahead of EU, US trade talks

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Western countries frame China’s policies as mercantilist and opposing global trade rules China is also seeking to expand domestic semiconductor manufacturing capacity and reduce the industry’s reliance on advanced Nvidia chips that are subject to US export controls. PHOTO: REUTERS China is energetically defending its economic policy mix that favours advanced industries over consumption, adopting … Read more

Japan, US confirm joint yen-buying intervention, signal more action

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[ A Japanese yen note is seen in this illustration. Photo: Reuters Japan and the ​United States conducted coordinated yen-buying intervention and will not hesitate to take further action, Japan’s finance ministry said on Monday, confirming a rare bilateral action to halt the ‌yen’s slide to fresh 40-year lows. The move underscored both countries’ resolve … Read more

IT sector sets sights high to gain AI edge

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[ Tech exports cross $4.6b mark; experts call for shift from low-cost labour to high-value products KARACHI: Pakistan, which set its eyes on $5 billion in IT and IT-enabled services exports, closed the 2025-26 fiscal year with a record $4.6 billion in exports, a roughly 21% rise from $3.814 billion in the previous year. The … Read more

Petroleum deregulation is not enough for energy security

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[ A significant increase was recorded in sales of motor gasoline, which rose 9.3% over the previous year amid lower local petroleum prices and increased motor vehicle population. PHOTO: RIAZ AHMED/EXPRESS KARACHI: Petroleum prices in Pakistan have always been more than an economic indicator; they influence inflation, industrial competitiveness, government revenues, and the cost of … Read more

Ammar, Abu Huraira crowned World Ju-Jitsu Championship Masters champions

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The young pair are scheduled to compete again in the Under-21 Duo Show event on Tuesday Pakistan claimed two gold medals and one bronze at the 2026 World Ju-Jitsu Championship in Abu Dhabi, marking one of the country’s most successful performances at the sport’s premier global event and achieving a historic breakthrough in the Masters … Read more

DC, DPO escape unhurt in ambush

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Officials then set out for the government chromite factory in Muhammad Khel, also in tehsil Boya MIRANSHAH: Unidentified armed men opened fire on the convoy of North Waziristan’s Deputy Commissioner Taimur Khan Afridi and District Police Officer (DPO) Sajjad Hussain on Sunday, but both senior officers and their accompanying personnel escaped unhurt with no loss … Read more

Surging M2 undermines export competitiveness

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[ Fiscal financing, credit expansion, bank deposits boosted by remittances expand broad money supply ISLAMABAD’: Pakistan’s export sector continues to underperform despite repeated currency depreciations, IMF-supported stabilisation and periodic policy interventions. Merchandise exports have largely remained between $28-32 billion over the past four years. Exports reached $32.1 billion in FY2025, but declined 6.8% to $30.13 … Read more