KARACHI: After a spectacular overnight rally triggered by Donald Trump’s decision to pause the enforcement of reciprocal tariffs for 90 days, excluding China, the Pakistan Stock Exchange (PSX) faced renewed selling pressure on Friday as Beijing retaliated against the US.

China said it would raise its tariffs on US goods to 125 per cent in a further escalation of a trade war that threatens to bring exports to a halt between the world’s two biggest economies.

Beijing’s retaliation sparked fresh market volatility,........

© Dawn Business