Washington, D.C. – U.S. customs duty collections surged to unprecedented levels in June, surpassing $100 billion for the fiscal year and contributing to a surprise $27 billion budget surplus, the Treasury Department reported Friday. The dramatic increase—fueled by President Donald Trump’s escalating tariffs—has transformed trade levies into a major revenue stream, with June collections quadrupling […]

Pakistan’s sugar crisis has intensified, with retail prices soaring past Rs200 per kilogram in major cities, exacerbating the financial burden on households already grappling with inflation. The sharp increase follows the government’s contentious decision to permit sugar exports earlier this year, only to now issue tenders for imports—a policy U-turn that critics say reflects poor […]

The Sensitive Price Indicator (SPI) recorded a 1.23% year-on-year decline for the week ending July 10, 2025, reflecting some relief compared to the same period last year. However, on a week-on-week basis, inflation edged up by 0.95%, with the SPI climbing to 315.03 points from 312.06 points in the previous week, according to data released […]