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The China Chamber of Commerce of Metals, Minerals and Chemicals Importers and Exporters (CCCMC) has voiced strong opposition to the U.S. “reciprocal tariffs.” Noting that the U.S. has announced tariff hikes on imports from China under the pretext of reciprocity, the CCCMC said the move seriously violates WTO rules and undermines the legitimate rights and interests of WTO members.

The China Chamber of Commerce of Import and Export of Foodstuffs, Native Produce and Animal By-Products (CFNA) expressed strong opposition to the U.S. “reciprocal tariffs,” calling it an act of trade protectionism, the chamber said on Saturday. In a statement responding to the tariff announcement, the chamber affirmed its full support for all countermeasures taken by the Chinese government to protect national interests and the rights of enterprises. The U.S. decision violates international trade rules and severely harms China’s legitimate rights and interests. It will not yield any economic benefits for the U.S. and will also disrupt global industrial and…

On April 4 this year – which was Qingming, or Tomb-Sweeping Day – the annual silkworm flower temple fair aimed at praying for a rich cocoon harvest was held in Xinshi Ancient Town, Huzhou, located in east China’s Zhejiang Province. A host of fascinating folk performances, such as the magnificent procession of elaborately decorated flowered sedan chairs and the enchanting scattering of silkworm flowers over the surface of water, drew crowds of locals and tourists. The annual silkworm flower temple fair aimed at praying for a rich cocoon harvest is held in Xinshi Ancient Town, Huzhou, east China’s Zhejiang Province…

Pakistan Stock Exchange (PSX) reached a historic milestone as the KSE-100 Index crossed the 120,000-point mark for the first time in history. During trading, the index saw a surge of over 1,800 points, reaching 120,793 points at one stage. Earlier, it had gained 1,427 points, touching 120,365 points. The sharp rally reflects strong investor confidence and bullish sentiment in the market, setting a new benchmark for the PSX. Since the beginning of January 2025, the Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Index has demonstrated notable growth.nOn January 1, 2025, the index surged by approximately 1,900 points, closing at 117,008.08. The…

International markets witnessed a sharp decline in crude oil prices, with a 7% drop recorded. According to global media reports, Brent crude oil prices fell by $5.04, reaching $69.91 per barrel, while U.S. crude oil dropped $5.13, settling at $66.58 per barrel. Meanwhile, natural gas prices rose by 2%, with the new rate standing at $4.14 per MMBtu. The decline in oil prices follows U.S. President Donald Trump’s decision to impose heavy tariffs on over 100 countries, which disrupted global markets. Additionally, the OPEC+ alliance’s decision to increase oil production earlier than planned further pushed prices downward. In its latest…

The intensity of heat is increasing in Lahore, with temperatures expected to reach 40°C in the coming week, according to the Meteorological Department. As of today, Lahore’s maximum temperature is recorded at 34°C, while the current temperature stands at 31°C. The heatwave is likely to intensify starting Sunday, with no forecast of rain in the coming days. Weather experts predict further rise in temperatures, urging residents to take precautions against the heat. Continental air continues to prevail over most parts of the country, keeping weather conditions hot and dry. On Friday and Saturday, most regions are expected to experience hot…

Supreme Court has scheduled hearings for bail cancellation appeals in cases related to the May 9 incidents, with proceedings set to take place next week. According to court records, a hearing on the GHQ attack case appeal filed by the Punjab government will be held on April 7. Meanwhile, appeals against 20 accused individuals, including Aliya Hamza and Khadija Shah, have been scheduled for April 8. A three-member bench, led by Chief Justice Yahya Afridi, will preside over the hearings. The bench also includes Justice Shafi Siddiqui and Justice Shakeel Ahmed.

Countries around the world threatened to ratchet up a trade war with the United States as President Donald Trump’s sweeping tariffs ignited fears of steep price increases in the world’s largest consumer market. The penalties announced by Trump on Wednesday triggered a plunge in world financial markets on Thursday and drew condemnation from other leaders reckoning with the end of a decades-long era of trade liberalization. The Reuters Tariff Watch newsletter is your daily guide to the latest global trade and tariff news. Sign up here. But there were conflicting messages from the White House about whether the tariffs were…

The 46th death anniversary of former Prime Minister and founder of Pakistan Peoples Party, Shaheed Zulfikar Ali Bhutto is being observed today (Friday) Pakistan Peoples Party (PPP) has organized functions at district headquarters level across the country. The main ceremony will be held at the mausoleum of Zulfikar Ali Bhutto at Gharhi Khuda Bux near Naudero in Larkana. Quran Khawani and fateha khawani will also be held across country for departed soul of Shaheed Shaheed Zulfikar Ali Bhutto. The Sindh government has declared a public holiday today. Bilawal Bhutto Pays Tribute to Zulfikar Ali Bhutto Pakistan People’s Party (PPP) Chairman…

An International Monetary Fund (IMF) delegation is set to arrive in Pakistan in the coming days to hold follow-up discussions with the government regarding technical assistance on governance, sources from the Ministry of Finance revealed. The talks will focus on governance-related technical matters, but no meeting regarding the upcoming budget has been scheduled yet, according to ministry officials. It is important to note that Pakistan and the IMF have already reached a staff-level agreement, paving the way for the disbursement of a $1 billion loan tranche, subject to approval by the IMF Executive Board. Additionally, Pakistan is expected to receive…