US President Donald Trump praised Pakistan’s leadership during a meeting with German Chancellor Friedrich Merz at the White House on Thursday, marking their first bilateral discussion since Merz’s election on May 6. The meeting covered a range of topics, among which was Trump’s acknowledgment of Pakistan’s leadership during the recent spike in tensions between India and […]
Elon Musk faced a significant financial setback on Thursday, losing approximately $27 billion from his net worth after a dramatic plunge in Tesla’s stock, according to a report by the Wall Street Journal. Shares of Tesla (TSLA.O) dropped 14% overnight, erasing $150 billion in market value, following a public feud between Musk and Trump. Without […]
About $22 billion of SpaceX’s government contracts are at risk and multiple US space programs could face dramatic changes in the fallout from Elon Musk and President Donald Trump’s explosive feud on Thursday. The disagreement, rooted in Musk’s criticism of Trump’s tax-cut and spending legislation that began last week, quickly spiraled out of control. Trump […]
UN Security Council members criticised the United States Wednesday after it vetoed a resolution calling for a ceasefire and unrestricted humanitarian access in Gaza, which Washington said undermined ongoing diplomacy. It was the 15-member body’s first vote on the situation since November, when the United States — a key Israeli ally — also blocked a […]
Western allies are planning to file a resolution to the world nuclear watchdog condemning Iran for “non-compliance” over its nuclear programme, diplomatic sources told AFP on Thursday. It is the latest move in years-long efforts to restrict Iran’s nuclear activities over fears that it is seeking to develop nuclear weapons, which it denies. The United […]
US President Donald Trump and Chinese leader Xi Jinping confronted weeks of brewing trade tensions and a battle over critical minerals in a rare leader-to-leader call on Thursday that left key issues to further talks. During the more than one-hour-long call, Xi told Trump to back down from trade measures that roiled the global economy […]
Tensions between Donald Trump and Elon Musk exploded into public view Thursday, as the US president said he was “very disappointed” by his billionaire former aide’s criticisms and Musk hit back in real time on social media. “Look, Elon and I had a great relationship. I don’t know if we will anymore,” Trump told reporters […]
Thousands of Afghan nationals who are waiting in Pakistan for their onward settlement in the United States received a fatal blow to their plans, as US President Donald Trump signed a proclamation on Wednesday banning the Afghan citizens from entering the United States. Trump banned the citizens of 12 countries – Afghanistan, Myanmar, Chad, Congo, […]
Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry has issued a clarion call for urgent, coordinated action to combat plastic pollution and modernise Pakistan’s maritime infrastructure. In a statement released on World Environment Day, the minister urged alignment of maritime policies with global climate goals to safeguard the country’s over 1,000-km coastline and marine […]
The State Bank of Pakistan (SBP) reported a marginal decline in its foreign exchange reserves for the week ending May 30, 2025, with holdings falling by $7 million to $11.5 billion. Total liquid foreign reserves stood at $16.6 billion, including $5.1 billion held by commercial banks. The slight dip comes as Pakistan continues to navigate […]