BEIJING: Minister for Information and Broadcasting Attaullah Tarar emphasized the profound and ancient civilizational connection between Pakistan and China and said that interconnected mountains and rivers of both nations carry a shared history spanning centuries. Addressing a forum on the theme of ‘Civilizational Exchange and Mutual Learning: Cultural Heritage and Innovation in Beijing, the initiative […]
KARACHI: China has rolled over $3.4 billion in loans to Pakistan, two senior Pakistani government officials told Reuters on Sunday, in a move that will help boost Islamabad’s foreign exchange reserves, a requirement of the International Monetary Fund (IMF). Beijing rolled over $2.1 billion, which has been in Pakistan’s central bank’s reserves for the last […]
United States President Donald Trump said on Tuesday that China can continue to purchase Iranian oil after Israel and Iran agreed to a ceasefire, a move that the White House clarified did not indicate a relaxation of US sanctions. “China can now continue to purchase oil from Iran. Hopefully, they will be purchasing plenty from the US, also,” Trump said in a post on Truth Social, just days after he ordered US bombings of three Iranian nuclear sites. Trump was drawing attention to no attempts by Iran so far to close the Strait of Hormuz to oil tankers, as a closure would have been hard for China, the world’s top importer of Iranian oil, a senior White House official told Reuters. “The president continues to call on China and all countries to import our state-of-the-art oil rather than import Iranian oil in violation of US sanctions,” the official said. After the ceasefire announcement, Trump’s comments on China were another bearish signal for oil prices, which fell nearly 6 per cent on Tuesday. Any relaxation o...
UNITED NATIONS, June 22: The U.N Security Council (UNSC) met on Sunday to discuss U.S. strikes on Iran’s nuclear sites as Russia, China and Pakistan proposed the 15-member body adopt a resolution calling for an immediate and unconditional ceasefire in the Middle East. It was not immediately clear when it could be put to a […]