News

China says hopes for cooperation with US on trade under Trump

China said on Tuesday it hoped to cooperate with the United States to resolve trade issues, as President Donald Trump began his second term after threatening to impose biting tariffs on the Asian giant. Beijing is “willing to strengthen dialogue and communication with the United States, properly manage differences and expand mutually beneficial cooperation,” foreign ministry spokesman Guo Jiaku

China says hopes for cooperation with US on trade under Trump

China said on Tuesday it hoped to cooperate with the United States to resolve trade issues, as President Donald Trump began his second term after threatening to impose biting tariffs on the Asian giant. Beijing is “willing to strengthen dialogue and communication with the United States, properly manage differences and expand mutually beneficial cooperation,” foreign ministry spokesman Guo Jiaku

Saudi’s Manara Minerals to buy 10 to 20pc stake in Pakistan’s Reko Diq gold project: report

Saudi Arabian mining fund Manara Minerals is set to buy a 10-20 per cent in the Reko Diq copper and gold project in Pakistan for proceeds of about $500 million to $1 billion, the Financial Times reported on Tuesday. Manara Minerals would buy the equity stake from the government of Pakistan, which owns 25pc of the mine, in the project, which is being co-developed by Canada’s Barrick Gold, the FT

Finance minister says $1bn loan agreed with two Middle Eastern banks

Finance Minister Muhammad Aurangzeb told Reuters on Tuesday that the government has agreed terms for a $1 billion loan with two Middle Eastern banks at a six to seven per cent interest rate as Pakistan looks for more financing. “With two institutions we have now gone forward in signing up the term sheet — one bilateral and one for trade (finance),” Aurangzeb said during an interview on the side

Cabinet extends licences for 86 foreign pilots

The federal cabinet on Tuesday approved the extension of licences for 86 foreign pilots currently employed in Pakistan for the past two years. The decision, made during a meeting chaired by Prime Minister Shehbaz Sharif, followed a recommendation from the Cabinet Division. The cabinet also approved a three-year licence validation for foreign pilots hired in 2025, according to a press release fr