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China expands rare earth controls, hits defence and chip sectors

China tightened its rare earth export controls on Thursday, expanding restrictions on processing technology and spelling out its intention to limit exports to overseas defence and semiconductor users. The announcement from the Ministry of Commerce clarifies and expands sweeping controls announced in April that caused shortages around the world before a series of deals with Europe and the US eased but did not eliminate the supply crunch. The controls are a … Read more

Saudi team explores investment avenues

[ ISLAMABAD: A high-level Saudi trade delegation, led by Prince Mansour bin Mohammed Al Saud, participated in the Saudi-Pakistan Joint Business Council Meeting held in Islamabad on Wednesday. As per an official statement, the meeting was organised under the Saudi-Pakistan Joint Business Council, with support from the Special Investment Facilitation Council (SIFC) and the Ministry … Read more

Iran releasesFranco-German accused of spying

PARIS: Iran has released a 19-year-old Franco-German national days after throwing out spying charges against him, France’s foreign minister told AFP on Wednesday. Lennart Monterlos is the latest French national to be released from Iranian detention this year, even as others remain in custody. “Lennart Monterlos is free,” said Foreign Minister Jean-Noel Barrot, with sources … Read more

Reel icons demand real action for film revival

actors ghulam mohiuddin and mustafa qureshi speak during an event at the karachi press club photo express

KARACHI: Mustafa Qureshi and Ghulam Mohiuddin, two legends of Pakistani cinema, believe that quality films can help promote the country’s positive image abroad, while also providing affordable entertainment for the masses in both urban and rural areas. Speaking at a programme titled ‘Gupshup’ organised by the Pakistan Film and TV Journalists Association at the Karachi … Read more

US allows Nvidia to resume some chip sales to UAE, report says

The United States has approved several billion dollars’ worth of Nvidia (NVDA.O) chip exports to the United Arab Emirates, Bloomberg News reported on Wednesday. The Commerce Department’s Bureau of Industry and Security recently issued the Nvidia export licenses under the terms of a bilateral artificial intelligence agreement hashed out in May, the report said, citing … Read more

Pakistan to host first Maritime Conference

[ ISLAMABAD: Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry has announced plans to hold the Pakistan Maritime Investment Conference 2025 to showcase a wide range of investment opportunities in the maritime sector. According to an official statement issued on Wednesday, the minister chaired a high-level meeting to review preparations for the event. He … Read more