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 […]
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 […]
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 […]
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 […]
Minister for National Food Security and Research Rana Tanveer Hussain met a delegation from the Pakistan Association of Automotive Parts and Accessories Manufacturers (PAAPAM) on Thursday to discuss a proposed National Tractor Policy aimed at boosting agricultural mechanisation, productivity, and export potential. The PAAPAM delegation noted that the tractor industry contributes $400 million annually to […]
The Pakistan Stock Exchange (PSX) witnessed a volatile session on Thursday, with the benchmark KSE-100 index retreating after hitting record highs a day earlier. Investor sentiment turned cautious due to concerns about stringent conditions linked to a new International Monetary Fund (IMF) programme, including proposed enforcement of agriculture income tax and the IMF’s opposition to […]
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 […]
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 […]
Amid Pakistan’s heavy reliance on foreign consultants to run its economy, an independent think tank has advised the government to choose a path between a truly home-grown economic model and a foreign lender-driven policy agenda. The Tola Associates policy advice came in the middle of a major shift in national tariff policy, where foreign consultants […]