KARACHI: The minister for maritime affairs announced on Sunday storage-charge waivers of as much as 50% at Karachi Port Trust terminals, aiming to ease the financial strain on exporters whose Gulf-bound shipments have been snarled by the conflict in Iran.
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Iran proposes reopening Strait of Hormuz and ceasefire before nuclear talks with US
ISLAMABAD: Iran has proposed reopening the Strait of Hormuz and formalising a ceasefire with the United States before any negotiations on its nuclear program begin, according to a senior US official and two sources familiar with the discussions quoted by Axios.
PSL final tickets go on sale as Pakistan clears fans for Gaddafi Stadium showpiece
LAHORE: Tickets for the HBL Pakistan Super League (PSL) final will go on sale from Monday, the Pakistan Cricket Board announced on Sunday, with fans set to return to Gaddafi Stadium for the first time since the tournament shifted behind closed doors because of a nationwide fuel shortage.
Pakistan exports to western, northern Europe decline despite GSP+ as US-Iran tensions disrupt trade
ISLAMABAD: Pakistan’s shipments to its largest European markets posted negative growth in the first nine months of the fiscal year, even as the country continued to enjoy duty-free access under the European Union’s Generalized Scheme of Preferences Plus program.
IMF to approve $1.2 billion Pakistan payout on May 8 after fuel-pricing overhaul
ISLAMABAD: The International Monetary Fund plans to convene its executive board on May 8 to sign off on more than $1.2 billion in fresh financing for Pakistan, the latest tranche under two concurrent programs aimed at shoring up the country’s public finances and building resilience against climate risks.
Power division directs Nepra to scrap solar licensing fees for small rooftop systems
ISLAMABAD: The Power Division has ordered the National Electric Power Regulatory Authority to eliminate licensing requirements and fees for solar installations of 25 kilowatts or less, a swift reversal after weeks of public backlash that accused the government of “taxing sunlight.”
Araghchi returns to Islamabad for second day of talks with Pakistani leaders before heading to Moscow
ISLAMABAD: Iranian Foreign Minister Abbas Araghchi returned to Pakistan on Sunday for a second round of talks with the country’s civil and military leadership, pressing Tehran’s conditions for ending the war with the United States and Israel even as President Donald Trump dismissed the latest Iranian overtures and told Tehran it could simply “call us” if it wanted to negotiate.
Pakistan condemns ‘heinous act of terrorism’ at DC gala; world leaders join in after Trump, first lady rushed to safety
ISLAMABAD: Pakistani leaders condemned the shooting that erupted Saturday night outside the White House Correspondents’ Association Dinner in Washington and voiced relief that President Donald Trump, First Lady Melania Trump and other top American officials were unharmed.
Araghchi heads back to Islamabad on Sunday amid US rebuff of Iran proposal
ISLAMABAD: Iranian Foreign Minister Abbas Araghchi is expected to return to Pakistan on Sunday night, Iranian state media reported, even as President Donald Trump on Saturday abruptly canceled a planned visit by two senior US envoys and dismissed Tehran’s latest proposals for ending the war.
Pakistan launches third indigenous satellite, deepening space ambitions and partnership with China
ISLAMABAD: Pakistan successfully placed its third homegrown electro-optical satellite into orbit on Saturday, a launch from a Chinese facility that officials described as a major step forward in the country’s efforts to build independent space capabilities while relying on longstanding cooperation with Beijing.