Sweet prospects: elevating Pakistan’s mango exports

BEIJING: Pakistan, the world’s sixth-largest mango exporter, boasts over 200 varieties, yet struggles to translate its abundance into export growth. With around 1.2 million tonnes of mangoes produced annually over the past several years, the country still exports only about 10% of its produce. High production costs and persistent quality concerns continue to constrain growth. … Read more

Xi says ties with Russia ‘most stable’

BEIJING: President Xi Jinping said on Tuesday that China’s ties with Russia are the “most stable, mature and strategically significant” among major world powers, state media reported. During a meeting with Vyacheslav Volodin, chairman of Russia’s Duma, or lower house of parliament, Xi hailed the countries’ relationship as being a “stable source of world peace”, … Read more

Chinese firm protests hurdles in ADB project

[ ISLAMABAD: A Chinese firm that won a multi-million-rupee road project has raised concerns over delays caused by different entities, warning that such hurdles could undermine transparency and discourage fair competition. According to documents available with The Express Tribune, NINGXIA Communication Construction Co Ltd (NXCC), which leads the consortium awarded the Asian Development Bank (ADB)-funded … Read more

Trump moves to fire Fed governor

NEW YORK/WASHINGTON: Federal Reserve Governor Lisa Cook will file a lawsuit to prevent President Donald Trump from firing her, a lawyer for the embattled central bank official said on Tuesday, kicking off what could be a protracted legal fight over the White House’s effort to shape US monetary policy. “His attempt to fire her, based … Read more

PTV gets Rs11 billion subsidy

ISLAMABAD: The government on Tuesday approved a subsidy of Rs11 billion for the Pakistan Television Corporation (PTV) — one-third to be disbursed immediately, to offset the losses it would sustain due to the withdrawal of Rs35 in monthly fee charged through electricity bills. The Economic Coordination Committee (ECC) of the cabinet considered a summary submitted by … Read more

Australia expels Iran envoy over arson attacks

SYDNEY: Australia accused Iran of directing two antisemitic arson attacks in the cities of Sydney and Melbourne and gave Tehran’s ambassador seven days to leave the country on Tuesday, its first such expulsion since World War Two. Canberra is the latest Western government to accuse Iran of carrying out hostile covert activities on its soil. … Read more

Plan to set up Bank of Balochistan okayed

[ QUETTA: The Balochistan government has announced a significant step towards economic self-sufficiency by approving the establishment of the Bank of Balochistan. The decision was made during a high-level meeting on Tuesday, chaired by Chief Minister Mir Sarfraz Bugti, where an initial feasibility report was presented and deemed viable. The CM directed officials to prepare … Read more

Auto financing hits 25-month high

[ KARACHI: Auto financing continued its upward trajectory, hitting a 25-month high of Rs286 billion in July 2025, according to the latest data released by the State Bank of Pakistan (SBP) and compiled by Topline Research. The July 2025 figures mark a 25% year-on-year (YoY) increase and a 3% month-on-month (MoM) rise, highlighting improving consumer … Read more