IMF, WTO call for lifting restriction on medical supplies

KARACHI: Kristalina Georgieva, Manaing Director, International Monetary Fund (IMF) and Roberto Azevêdo, Director General, World Trade Organization on Friday jointly called for governments to refrain from imposing export and other trade restrictions... Read more »

Global trade may fall up to 32 percent on COVID-19 disruption: WTO

KARACHI: World trade is expected to fall by between 13 percent and 32 percent in 2020 as the COVID 19 pandemic disrupts normal economic activity and life around the world, said a... Read more »

US stocks jump up after Trump declares coronavirus outbreak emergency

The US stocks rebounded on Friday and jumped up more than 9 percent after US President Donald Trump declared the coronavirus outbreak a national emergency. Read more »

US stocks plummet on US travel ban from Europe

US stocks witnessed plummeted on Thursday after the US President imposed travel ban to curb coronavirus outbreak, which spooked investors and rattled world markets. Read more »

US stocks tumble as coronavirus declared pandemic

The US stock indices plunged on Wednesday after World Health Organization (WHO) declared coronavirus. Read more »

World services trade to further weaken on coronavirus impact: WTO

KARACHI: World Trade Organization (WTO) has said ongoing weakness in world service trade likely to worsen due to economic impact of the COVID-19 virus. Read more »

WCO members accept HS 2022 for customs tariffs

KARACHI: Member countries of World Customs Organization (WCO) have accepted HS 2022, the seventh edition of the Harmonized System (HS) nomenclature used for the uniform classification of goods traded internationally all over... Read more »

Trade restrictions increase to historic high levels: WTO

KARACHI: The World Trade Organization (WTO) has observed that trade restrictions have increased to historic high levels. Read more »

WTO sharply downgrades global trade growth forecast

KARACHI: World Trade Organization (WTO) has sharply downgraded the global trade growth forecast for 2019 and 2020. Read more »

Indicator suggests further weakening of goods trade into third quarter: WTO

KARACHI: The growth of world merchandise trade volumes is likely to remain weak in the third quarter of 2019 according to the WTO’s Goods Trade Barometer, released on Thursday. Read more »