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The federal government has approved a tax exemption on the import of 500,000 tonnes of sugar, following a record surge in sugar prices. According to details, the Federal Board of Revenue (FBR) has issued a notification granting tax relief to the private sector on sugar imported up until 30 September 2025. According to the notification, the sales tax on imported sugar has been reduced from 18% to 0.25%, while the 3% value-added tax has also been waived. This decision came after the large-scale export of sugar, which led to a rise in domestic prices. The government was now attempting to…

U.S. President Donald Trump ramped up his tariff assault on Canada on Thursday, saying the U.S. would impose a 35% tariff on imports next month and planned to impose blanket tariffs of 15% or 20% on most other trading partners. In a letter released on his social media platform, Trump told Canadian Prime Minister Mark Carney the new rate would go into effect on August 1 and would go up if Canada retaliated. In a post on X late on Thursday, Carney said his government will continue to defend Canadian workers and businesses in their negotiations with the U.S. as…

The Chinese Ministry of Finance  expounded on the measures China has taken against medical devices imported from the European Union (EU) through government procurement projects. The ministry said in a notice on Sunday that when a purchaser buys medical devices with a budget of over 45 million yuan (about $6.29 million), if it is necessary to purchase imported products – after going through relevant legal procedures – the participation of EU enterprises (excluding EU-funded enterprises in China) should be excluded. On Thursday, when answering a question about the budget threshold of 45 million yuan, the ministry said that if a…

Chinese Vice Premier Ding Xuexiang met with former U.S. Treasury Secretary Henry Paulson in Beijing. Ding, also a member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee, said that strengthening cooperation between China and the United States based on the principles of mutual respect, peaceful coexistence and win-win cooperation is conducive to sound, sustained development of China-U.S. relations, which can benefit both countries and the world. Stressing that China represents a major factor of certainty in today’s turbulent world, Ding expressed the hope that the United States will view China’s development objectively,…

Chinese Foreign Minister Wang Yi, also a member of the Political Bureau of the Communist Party of China Central Committee, briefed attendees on the fruitful achievements of bilateral cooperation during the China-ASEAN Foreign Ministers’ Meeting in Malaysia . First, the bond of building a community with a shared future with neighboring countries has become ever closer, he said, addressing the Association of Southeast Asian Nations (ASEAN) ministers. Wang also noted that the building of bilateral communities with a shared future, with Vietnam, Malaysia and Cambodia, respectively, has been elevated to a higher level, and mutually beneficial cooperation has advanced to…

Chinese President Xi Jinping said that China is ready to work with other countries in building a global network for dialogue and cooperation among civilizations. Xi, also general secretary of the Communist Party of China (CPC) Central Committee, made the statement in a congratulatory letter to the Global Civilizations Dialogue Ministerial Meeting, which opened in Beijing. He pledged that China will work with other countries to champion equality, mutual learning, dialogue and inclusiveness among civilizations, and implement the Global Civilization Initiative (GCI), in a bid to provide fresh impetus for advancing human civilizations and promoting world peace and development. “The…

ISLAMABAD (DI NEWS) : Federal Minister for Information and Broadcasting Attaullah Tarar met with Cao Shumin, Deputy Head of the Communist Party of China (CPC) Publicity Department and Minister of the National Radio and Television Administration (NRTA) of China, to discuss enhancing media cooperation between the two countries. The meeting focused on broadening joint productions, combating misinformation, initiating training programs, and promoting cultural exchange, reflecting the deep-rooted friendship and mutual trust shared by Pakistan and China. Strengthening Media Partnerships and Fighting Disinformation Minister Tarar acknowledged Pakistan’s interest in learning from China’s advanced experience in media and communications, highlighting China’s expertise in…

Interior Minister Mohsin Naqvi on Thursday dismissed rumours suggesting that Chief of Army Staff (COAS) Field Marshal Syed Asim Munir intends to become the president of Pakistan, terming the speculation “completely baseless and harmful to national stability.” In a statement issued on the social media platform X (formerly Twitter), the federal minister strongly condemned what he described as a “negative campaign” targeting President Asif Ali Zardari, Prime Minister Shehbaz Sharif, and the army chief. “These rumours are being deliberately spread by hostile elements and foreign agencies to undermine political stability and institutional harmony in the country,” the minister claimed. Naqvi…

At least 87 people have lost their lives and 149 others have been injured across Pakistan as torrential monsoon rains and floods continue to wreak havoc, according to a report released by the National Disaster Management Authority (NDMA). The report, covering the period from June 26 to July 9, highlights the scale of the human tragedy caused by heavy rains and flooding in urban and rural areas alike. Among the dead are 42 children, 29 men, and 16 women. The injured include 61 children, 52 men, and 36 women. In addition to the loss of life, widespread destruction of property…

ISLAMABAD :  Interior Minister Mohsin Naqvi on Thursday strongly denounced a coordinated misinformation campaign targeting President Asif Ali Zardari, Prime Minister Shahbaz Sharif, and Chief of Army Staff (COAS) Field Marshal Asim Munir. “I have categorically stated that there has been no discussion, nor does any such idea exist, about the President being asked to resign or the COAS aspiring to assume the presidency,” he wrote in a post shared on social media platform X. The remarks come in response to recent rumours and propaganda circulating on social and digital media. “The President of Pakistan enjoys a strong and respectful…