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Pakistan has proposed a zero-tariff bilateral trade agreement with the United States, aiming to enhance trade volume and market access in key sectors. According to reliable sources, the proposal includes eliminating tariffs on selected items, which could pave the way for increased exports from Pakistan to the American market. The initiative is part of broader efforts to strengthen bilateral economic cooperation following a recent thaw in Indo-Pak tensions. The proposal reportedly came in the wake of US President Donald Trump’s diplomatic engagement that helped ease hostilities between Pakistan and India. The ceasefire breakthrough appears to have opened a window for…

Chinese exporters are racing to resume production and shipping for the U.S. market, following the latest round of mutual tariff adjustments between China and the United States. Three days ago, the two countries announced a 90-day pause on most of their recently imposed tariffs. The policy shift has triggered a surge in demand from American buyers and reignited momentum in China’s foreign trade sector. Chinese exporters ramp up production In a bustling factory in Shenzhen, a trader surnamed Nie said she was urged by her U.S. business partner to ship the goods as soon as possible. With roughly 45 days required for…

Anji Ansheng, a 9,500-space ocean-going car carrier and the largest of its kind in the world, was officially delivered Thursday afternoon at Shanghai Haitong International Automotive Terminal. Built by SAIC Anji Logistics Co., Ltd., a subsidiary of SAIC Motor Corporation Limited, the vessel boasts a strong loading capacity, high energy efficiency, and is equipped with intelligent low-carbon technologies, as well as the capability to use carbon-neutral fuels. The newly delivered vessel is set to depart for Europe on Thursday evening, loaded with some 7,000 domestically produced new energy vehicles, including SAIC’s MG models.

China’s deputy permanent representative to the United Nations, Geng Shuang, on Thursday called for urgent steps to realize a comprehensive and lasting solution to the Palestinian question, stressing that only through the implementation of the two-State solution can the Nakba be consigned to history. “Seventy-seven years ago, more than half of the Palestinian people were expelled or fled from their homes during the Arab-Israeli war, and they have since embarked on the arduous journey of striving for their legitimate rights and interests. Today, 77 years later, the historical injustice suffered by the Palestinian people has not only remained unaddressed, but…

China’s Commerce Ministry on Thursday called on the United States to immediately halt its Section 232 tariff measures and engage in equal-footed dialogue to address mutual concerns. Speaking at a press conference, He Yongqian, spokesperson for the Commerce Ministry, criticized the U.S. tariffs on imported automobiles, steel, and aluminum, as well as a Section 232 investigation into imported pharmaceuticals, as “typical acts of unilateralism and protectionism.” The spokesperson emphasized that these measures not only infringe upon the legitimate rights of other countries and undermine the rules-based multilateral trading system, but also harm the development of U.S. industries. She also responded…

After a massive 10,000-point leap in recent sessions, the Pakistan Stock Exchange continues its upward momentum. During today’s trading, the KSE-100 Index surged by over 1,100 points. The benchmark index gained 1,151 points, closing at 119,687 points, successfully crossing the 119,000-point mark and now steadily advancing towards the psychological barrier of 120,000 points. Market analysts say this is a clear sign of a gradually strengthening stock market. International financial journals have taken notice, terming Pakistan’s recent economic performance as nothing short of a “financial miracle.” According to brokers, the release of circular debt payments is expected to further energize the…

NEW YORK : Pakistan has called for reinvigorating the political process in Yemen to lay the foundation for a comprehensive and durable solution that would ensure a peaceful future for the Arab country. There is no military solution to the Yemen crisis, Ambassador Asim Iftikhar Ahmad, permanent representative of Pakistan, told the UN Security Council on Wednesday, noting that persistent political divisions, economic collapse and environmental degradation are exacting a heavy toll on civilians. “The international community and the Council must remain engaged and act in earnest to prevent further deterioration and to help chart a path toward a peaceful…

ISLAMABAD : The Pakistan Meteorological Department (PMD) has forecast the first heatwave of May 2025, with extreme weather conditions expected to grip most parts of the country over the next three to four days. According to the Met Office, a high-pressure system is likely to prevail over the region starting from May 15, leading to a significant rise in daytime temperatures across both southern and northern parts of the country. The southern regions including Sindh, southern Punjab, and Balochistan are expected to witness temperatures 4 to 6C above normal from May 15 to 20. Meanwhile, the northern areas such as…

Spanish Prime Minister Pedro Sánchez has labeled Israel a “genocidal state” in his most direct criticism yet of the country’s actions in Gaza. “We do not do business with a genocidal state, we do not,” Sánchez declared, prompting an immediate diplomatic response from Israel, which summoned the Spanish ambassador. The controversial statement came during an exchange with Catalan member Gabriel Rufián, who had criticized the Socialist leader for maintaining trade relations with Israel despite the ongoing Gaza conflict. Responding to these allegations, Sánchez made his unprecedented remarks. According to local media reports, this marks the first time Sánchez has publicly…

Champion Alexander Zverev and world number one Aryna Sabalenka fell by the wayside in the quarter-finals of the Italian Open on Wednesday, while Carlos Alcaraz beat Briton’s Jack Draper 6-4 6-4 to reach the last four for the first time at the claycourt event. Women’s world number one Sabalenka was toppled 6-4 6-3 by Zheng Qinwen, while Zverev’s title defence ended in a 7-6(1) 6-4 defeat by Italian hero Lorenzo Musetti. Chinese eighth seed Zheng will next face Coco Gauff for a place in the final. Cheered on by a roaring home crowd, Musetti stifled Zverev from the baseline. “It…