Former U.S. President Donald Trump has announced an upcoming trip to Saudi Arabia, Qatar, and the United Arab Emirates, a visit that promises to focus on enhancing economic ties and political cooperation between the U.S. and these influential Gulf nations. This trip comes at a pivotal moment when global politics and trade relations are experiencing significant shifts, making it a crucial opportunity for dialogue and collaboration. One of the primary topics on Trump’s agenda will be economic partnerships. The Gulf region is home to some of the world’s largest investment funds, and the U.S. has long been a favored destination for these investments. During his visit, Trump is expected to engage in discussions about trade agreements, energy cooperation, and infrastructure investments that could yield mutual benefits for both the U.S. and Gulf countries. In addition to economic matters, security and defense cooperation will play a vital role in the discussions. The U.S. has establishe...
The impending announcement of a potential increase in petrol prices has sparked concerns among the public in Pakistan. Speculations have arisen that petrol prices may surge by Rs50 per litre starting from April 1. This article explores the factors contributing to this possible price hike and the impact it may have on the country's business and economy. The IMF's Demand for GST Reintroduction: According to reports, the International Monetary Fund (IMF) has been urging the Pakistani government to reintroduce the Goods and Services Tax (GST) at a standard rate of 18%. If the authorities concede to this demand, it could lead to a substantial increase in petrol prices. The estimated rise without taxes is already set at Rs10 per litre. Factors Driving the Price Increase: The recent surge in petrol prices is attributed to multiple factors. One significant factor is the increase in the premium on petrol, which has risen from $12.15 per barrel to $13.50 per barrel. This increment of $1....