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Pakistan Times Today

Results for “Imports” (38)

Syeda Mubeena Hashmi Posted in World

EV Policy May Shape Pakistan’s Auto Industry

Pakistan’s draft New Energy Vehicle policy aims to promote cleaner transport, reduce oil imports and develop an export-oriented auto sector. However, treating plug-in hybrids and battery electric vehicles equally could weaken those goals. Critics argue stronger incentives should favour BEVs, while hybrids compete based on emissions and fuel savings, encouraging genuine electrification, charging infrastructure and technology transfer. Read More…

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Syeda Mubeena Hashmi Posted in Business

Pakistan approves sugar export plan amid rising imports

Pakistan has decided to export imported sugar, with the Trading Corporation of Pakistan inviting bids for 107,739 tonnes. Bids will remain open until September 28 and be opened the same day. The move follows a sharp rise in sugar imports during the current fiscal year. Official data showed imports surged significantly, while overall food imports also increased, including major purchases of palm oil, tea and dried fruits. Read More…

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Hafsa Mustafa Posted in Business

Pakistan refiner Cnergyico expands US crude imports amid Hormuz disruption  

Pakistan's largest refiner Cnergyico is buying more US crude as Islamabad seeks to ‌diversify the country's energy supplies after disruption caused by the Iran war exposed its dependence on Gulf routes. Pakistan also wants to increase imports from the US to help narrow its trade surplus and secure reductions in trade tariffs ​imposed by President Trump. Cnergyico, which first bought US crude last year, is also considering spot ​purchases against longer-term contracts with Vitol and other suppliers based on "pricing, reliability and supply security", Vice Chairman Usama Qureshi told Reuters. Read More…

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Hafsa Mustafa Posted in World

Trump imposes forced labour tariffs, drawing protests from trading partners

The United States on Friday imposed new tariffs of 10% and 12.5% on goods from 60 trading partners, including the EU and China, alleging those countries failed to curb imports made by forced labour, just as a temporary 10% global tariff expired. The move is the White House's first step in efforts to rebuild President Donald Trump's near-global tariff wall after the US Supreme Court in February struck down his "reciprocal" duties of 10% to 50% imposed last year under a national emergencies law to try to shrink the US… Read More…

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Alina Hashmi Posted in World

Belgium slams EU response to Israeli settlement imports

Belgium criticised the EU’s response to imports from illegal Israeli settlements as insufficient with Foreign Minister Maxime Prevot describing the bloc’s latest proposals as a “token gesture” rather than a genuine effort to act. Prevot said Belgium has been calling for months for concrete measures over the humanitarian situation in Gaza and the broader Israeli-Palestinian conflict. “The European Commission has finally proposed a few options in a two-page document. So it gives more the impression of being a token gesture than a genuine willingness to move forward,” Prevot told reporters. Read More…

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Hafsa Mustafa Posted in World

Irish parliament approves bill banning imports from illegal Israeli settlements

Ireland's parliament has approved legislation banning imports of goods from illegal Israeli settlements in the occupied Palestinian territories, as Dublin presses ahead with one of Europe's most far-reaching trade measures over Israel's occupation. The Israeli Settlements (Prohibition of Importation of Goods) bill prohibits the import of goods from "certain Israeli illegal settlements". Read More…

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Hafsa Mustafa Posted in World

Limited Iranian gas imports to Iraq resume: ministry

Gas resumed flowing from Iran, Iraq’s electricity ministry said Saturday, after a strike on an Iranian facility caused a three-day stoppage. "Iranian gas flow to Iraq resumed at a rate of five million cubic metres" per day, electricity ministry spokesman Ahmed Moussa told state news. Electricity shortages are a frequent complaint in Iraq, which suffers from endemic corruption and dilapidated public infrastructure. Most households rely on private generators to compensate for daily power cuts. Read More…

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Hafsa Mustafa Posted in World

Trump administration considers naval blockade to halt Cuban oil imports

The Trump administration is considering a total naval blockade on oil imports to Cuba, potentially to topple the Caribbean nation’s government, according to a Politico report citing people familiar with the plan. While no decision has been made, such a move has been sought by some critics of the Cuban government within the administration and reportedly backed by Marco Rubio. If the reported plan goes ahead, it will mark a further escalation in President Donald Trump’s efforts to bring regional powers in line with Washington and underscore the administration’s wider… Read More…

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Hafsa Mustafa Posted in World

EU agrees to gradually end Russian gas imports by Jan 2028

EU energy ministers on Monday backed a proposal to phase out Russian oil and gas imports to the bloc by January 2028, the Council of the European Union said. The ministers approved the plans, which would phase out new Russian gas import contracts from January 2026, existing short-term contracts from June 2026, and long-term contracts in January 2028, at a meeting in Luxembourg. Read More…

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Hafsa Mustafa Posted in World

U.S. says India Profits from Russian Oil Trade Amid Ukraine Conflict

The United States has accused India of capitalizing on discounted Russian oil imports during the ongoing Ukraine war, labeling the practice as arbitrage. Treasury Secretary Scott Bessent criticized India for purchasing cheap Russian crude, refining it, and reselling it globally, allegedly generating significant profits. According to a CNBC report, Bessent stated on “Squawk Box” that India’s actions amount to profiteering, with some of the country’s wealthiest families earning an estimated $16 billion in excess profits. India has become Russia’s top oil buyer since the 2022 invasion of Ukraine, importing 1.5… Read More…

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