Author: i2wtc
Listen to article ISLAMABAD: Pakistan’s steel sector may become the first casualty of the government’s decision to open the economy to foreign competition, as a parliamentary review finds flaws in the assumptions behind cutting protection levels by 52%. Abbas Akber Ali, patron-in-chief of the Pakistan Association of Large Steel Producers (PALSP), warned on Friday that the proposed tariff reduction would push Pakistan toward trading in imported steel instead of manufacturing it locally. If implemented, the new National Tariff Policy would shut down local mills, leading to $1 billion in annual steel imports and risking around 2 million jobs, he said. PALSP Chairman…
Returns on Amazon are free and easy for shoppers, but they’re risky and expensive for the small businesses that sell a majority of the goods on the world’s biggest e-commerce site. Returns have driven some sellers to exit the popular Fulfillment by Amazon program, while others told CNBC they’d like to leave the platform altogether.At the heart of the problem is a big rise in returns fraud, which has led to customers mistakenly receiving used products when they ordered something new. In two particularly egregious examples involving baby products described to CNBC, Amazon sent customers used diapers and a chiller…
Listen to article Deputy Prime Minister and Foreign Minister Mohammad Ishaq Dar arrived in Istanbul on Saturday to participate in the 51st session of the Council of Foreign Ministers of the Organization of Islamic Cooperation (OIC). The two-day conference is being held at a time of heightened tensions in the Middle East following Israel’s strikes on Iranian targets, including the recent attack on the Khondab nuclear facility, and the ongoing war on Gaza. Dar is expected to share Pakistan’s perspective on recent developments in South Asia, including the ceasefire arrangement with India, and reiterate Pakistan’s support for Palestinian statehood. Read: Iran-Israel conflict…
The Pakistan hockey team is facing off against New Zealand in the final of the FIH Nations Cup in Kuala Lumpur, Malaysia. The match began shortly after 6pm. New Zealand had reached the final after edging Korea in a shootout in the other semi-final. Pakistani fans were in the stands to see the national team. In a pulsating semi-final clash at the National Hockey Stadium, Pakistan had staged a stunning comeback a day ago and overcame France 3-2 on penalties to book their place in the final. The victory not only marked Pakistan’s entry into their second consecutive Nations Cup…
A drone delivers takeaway at Futian Port in Shenzhen, south China’s Guangdong Province, Oct. 23, 2024. (Xinhua/Mao Siqian)NANNING, June 21 (Xinhua) — In the charming countryside of south China’s Guangxi Zhuang Autonomous Region, Alex Turner, a British expat, made a few taps on his phone as he hobbled back to his guesthouse, careful not to knock the toe he had just hurt while out for a hike. In just 30 minutes, a sealed yellow paper bag arrived at his doorstep.”I bought a nail clipper and some first-aid stuff to deal with the injury,” said Turner. “And I also bundled some…
Listen to article Prime Minister Shehbaz Sharif and Federal Interior Minister Mohsin Naqvi on Saturday strongly condemned a deadly attack on police personnel in Swabi, which claimed the lives of two officers. Two policemen lost their lives in a late-night shooting in Swabi on Friday, after unidentified gunmen opened fire on them, police confirmed. The attack occurred within the limits of the IDS Police Station. Constable Jamal Din and driver Zahid were killed on the spot. The assailants escaped the scene before authorities arrived. The bodies were later moved to a nearby hospital. In a press release from the PM Office Media…
Listen to article The Israeli-initiated conflict with Iran continued to escalate early Saturday, with both sides exchanging fresh strikes, even as diplomatic efforts in Geneva stalled with no breakthrough on a ceasefire. At least 430 people were killed and 3,500 were wounded in Iran since the start of the Israeli-Iranian conflict on June 13, Iranian state-run Nour News reported on Saturday, citing the country’s health ministry. Israel has on the other hand reported 24 deaths with more than 800 others injured. An Iranian missile triggered a fire in a residential building in central Israel, prompting evacuations and emergency response, though no casualties…
GALLE: Bangladesh edged ahead of Sri Lanka on day four of the first Test in Galle on Friday, extending their lead to 187 runs with seven wickets in hand. The visitors finished at 177-3 after a strong partnership of 68 between opener Shadman Islam and skipper Najmul Hossain Shanto. All-rounder Milan Rathnayake dismissed Shadman for 76 but veteran campaigner Mushfiqur Rahim, fresh off a first-innings century, joined his captain to steady the innings. The duo built an unbroken 49-run partnership for the fourth wicket to put their side in the driver’s seat heading into the final day. Bangladesh off-spinner Nayeem…
INDIAN captain Shubman Gill plays a shot during the first Test against England at Headingley on Friday.—AFP LEEDS: Shubman Gill marked his first innings as India captain with a sparkling hundred after fellow young gun Yashasvi Jaiswal also scored a fine century against England at Headingley on Friday. India — sent into bat by England captain Ben Stokes — were in the commanding position of 359-3 at stumps on the first day of the five-Test series. Gill was 127 not out after sharing a stand of 129 for the third wicket with opener Jaiswal, dismissed for 101 shortly after tea.…
Listen to article ISLAMABAD: The White House luncheon hosted by US President Donald Trump for Pakistan’s Chief of Army Staff Field Marshal Asim Munir on Wednesday marked more than just a routine meeting — it signalled a major reset in US-Pakistan relations. This major reset in the relations between the two countries includes a permanent and enduring bilateral partnership, such as cooperation in counter-terrorism, mutual trade in mines and minerals, and cryptocurrency. President Trump’s praise for Pakistani political and military leadership, particularly Field Marshal Asim Munir, during his press conference after the meeting, clearly reflects the world’s growing confidence in the strong leadership…