海角直播

海角直播 says SFD could contribute over $100 million to Pakistan鈥檚 mining infrastructure

海角直播 says SFD could contribute over $100 million to Pakistan鈥檚 mining infrastructure
海角直播鈥檚 Minister of Industry and Mineral Resources Bandar Alkhorayef speaks at the Future Minerals Forum (FMF) in Riyadh on January 15, 2025. (Photo courtesy: FMF)
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Updated 21 January 2025

海角直播 says SFD could contribute over $100 million to Pakistan鈥檚 mining infrastructure

海角直播 says SFD could contribute over $100 million to Pakistan鈥檚 mining infrastructure
  • The Kingdom is hosting a three-day Future Minerals Forum summit from Jan. 14-16 in Saudi capital聽
  • Saudi minister Bandar Alkhorayef says Manara Minerals looking at investing in Pakistan鈥檚 Reko Diq mine

RIYADH: 海角直播鈥檚 Mining Minister Bandar Alkhorayef told Reuters on Wednesday that mining company Manara Minerals was looking at investing in Pakistan鈥檚 Reko Diq mine, saying that the Saudi Development Fund could contribute over $100 million to Pakistan鈥檚 mining infrastructure.
Executives from Manara visited Pakistan in May last year for talks about buying a stake in the Reko Diq mine, considered one of the world鈥檚 largest underdeveloped copper-gold areas by global mining company Barrick Gold, which owns the project jointly with Pakistan.聽
Manara, a joint venture between state-controlled miner Ma鈥檃den and the $925 billion Public Investment Fund (PIF), was set up as part of the kingdom鈥檚 efforts to diversify its economy away from oil, including by buying minority stakes in assets overseas.
鈥淧art of what we are looking at is how we can help Pakistan also in some infrastructure,鈥 Alkhorayef said in an interview on the sidelines of the Future Minerals Forum in Riyadh.
鈥淲ithout that infrastructure the economics of the deal are not attractive, so through the Saudi Development Fund we are thinking about how we can finance it.鈥
He also spoke about 海角直播n state oil giant Aramco鈥檚 project to extract lithium, saying it is 鈥減romising, but not yet commercially viable.鈥澛
Aramco has partnered with the King Abdullah University for Science and Technology (KAUST) for the pilot, Bandar Alkhorayef said.聽
Lithium Infinity, also known as Lihytech, a start-up launched out of KAUST, is leading the extraction project with cooperation from Saudi mining company Ma鈥檃den and Aramco.
Lithium is a key component in the batteries of electric cars, laptops, and smartphones. Reuters previously reported that 海角直播 and the United Arab Emirates鈥 national oil companies planned to extract the mineral from oil runoffs.


Pakistan warns of flash floods in north as monsoon death toll nears 300

Pakistan warns of flash floods in north as monsoon death toll nears 300
Updated 31 July 2025

Pakistan warns of flash floods in north as monsoon death toll nears 300

Pakistan warns of flash floods in north as monsoon death toll nears 300
  • High-risk districts include Dir, Swat, Shangla, Mansehra, Kohistan, Abbottabad and Murree
  • At least 291 people, including 138 children, killed in rain-related incidents since June 26

ISLAMABAD: Pakistan鈥檚 Meteorological Department (PMD) has issued a warning for heavy rains and potential flash floods from Thursday night in the northern regions, as the total monsoon death toll nears 300, with a majority of the victims being children.

Torrential rains have continued to wreak havoc across Pakistan since June 26, claiming 291 lives, according to the National Disaster Management Authority (NDMA).

Among the victims are 138 children. The NDMA said 698 people have also been injured, including 236 children.

鈥淒uring tonight, heavy rains may generate flash floods in local streams of Dir, Swat, Shangla, Mansehra, Kohistan, Abbottabad, Kohat, Karak, Hangu, Tank, Dera Ghazi Khan, Murree, Galliyat and Kashmir,鈥 the PMD said in its daily weather report on Thursday.

鈥淗eavy falls, windstorm and lightning may damage weak structures like roof/wall of houses, electric poles, billboards, vehicles and solar panels etc during the forecast period.鈥

The Met Office added widespread rain with thunderstorms and gusty winds is also expected across eastern Pakistan today, affecting areas including Rawalpindi, Lahore, Faisalabad, Multan and Bahawalpur.

Isolated showers are expected in northern and central regions on Friday, with heavier downpours likely in southern and western areas like Dera Ghazi Khan, Muzaffargarh and Bahawalnagar.

Pakistan, which ranks among the world鈥檚 most climate-vulnerable nations, has witnessed increasingly erratic weather events in recent years.

In May, at least 32 people were killed in severe storms, while a third of the country was submerged by devastating floods in 2022 that killed more than 1,700 people, affected over 30 million and caused an estimated $35 billion in damages.


Pakistan withdraws digital tax on foreign online purchases

Pakistan withdraws digital tax on foreign online purchases
Updated 31 July 2025

Pakistan withdraws digital tax on foreign online purchases

Pakistan withdraws digital tax on foreign online purchases
  • FBR says levy on overseas online orders rolled back retroactively from July 1
  • Local retailers had welcomed the tax as a way to counter cheaper imports

ISLAMABAD: Pakistan鈥檚 national tax authority has withdrawn a levy on goods and services ordered online and supplied from abroad, a notification announced on Wednesday, rolling back a key provision giving relief to international retailers operating in the national cyberspace.

The government introduced new measures including the Digital Presence Proceeds Tax Act 2025 in the federal budget passed on June 26 to tax income earned by foreign vendors.

The measures included a five percent fixed income tax on digital retailers on goods delivered by foreign firms such as Temu, Shein and AliExpress, and a reduction in the duty-free threshold for imported parcels from Rs5,000 ($18) to Rs500 ($1.80).

鈥淭he federal government is pleased to direct that the Digital Presence Proceeds Tax shall not apply to digitally ordered goods and services supplied from outside Pakistan, by any person, which are chargeable to tax under the said Act,鈥 the Federal Board of Revenue (FBR) said in the notification, adding the decision would 鈥渃ome into force on and from the 1st day of July, 2025,鈥 highlighting its retrospective implementation.

The government plans to collect over Rs14 trillion ($49.3 billion) in taxes in the ongoing fiscal year to meet targets set under the $7 billion International Monetary Fund loan program.

The government鈥檚 decision to impose the digital presence tax was welcomed by local retailers, who said foreign firms had been operating without paying taxes, allowing them to undercut domestic businesses.

Until the implementation of the new budget, foreign e-commerce platforms had been selling to Pakistani consumers through social media without being subjected to local tax laws.

Local retailers already paying up to 25 percent in taxes say they have struggled to compete with tax-exempt imports offering cheaper prices.


Pakistan speaker condemns Israeli strikes on Iran, voices concern over regional tensions

Pakistan speaker condemns Israeli strikes on Iran, voices concern over regional tensions
Updated 31 July 2025

Pakistan speaker condemns Israeli strikes on Iran, voices concern over regional tensions

Pakistan speaker condemns Israeli strikes on Iran, voices concern over regional tensions
  • Ayaz Sadiq praises Tehran鈥檚 鈥榤easured response,鈥 reaffirms support for Iran鈥檚 sovereignty
  • He also calls for peaceful resolution of Iran鈥檚 nuclear issue through dialogue, cooperation

ISLAMABAD: Speaker of Pakistan鈥檚 National Assembly Sardar Ayaz Sadiq condemned Israel鈥檚 recent attacks on Iran, according to an official statement on Thursday, expressing concern over escalating tensions in the Middle East.

The condemnation came during a meeting in Geneva between Sadiq and his Iranian counterpart, Dr. Mohammad Bagher Ghalibaf, on the sidelines of the 6th World Conference of Speakers of Parliament, held from July鈥29-31.

Sadiq emphasized the deep ties between Pakistan and Iran, reiterating his country鈥檚 鈥渦nwavering support鈥 for Iran鈥檚 sovereignty and territorial integrity.

鈥淎s neighbors and friends, the two countries are linked through shared aspirations of peace, stability and prosperity,鈥 he said, according to a statement circulated by the National Assembly, adding Pakistan firmly condemned 鈥渦nprovoked Israeli aggression against Iran.鈥

He praised Iran鈥檚 鈥渕easured response鈥 and reiterated Pakistan鈥檚 preference for resolving the Iranian nuclear issue through dialogue and multilateral engagement.

Pakistan National Assembly Speaker Sardar Ayaz Sadiq (left) gestures during a meeting with his Iranian counterpart, Dr. Mohammad Bagher Ghalibaf, on the sidelines of the Sixth World Conference of Speakers of Parliament, in Geneva on July 31, 2025. (Handout/ National Assembly)

The meeting coincided with a broader backdrop of rising hostilities between Iran and Israel.

On June鈥13, Israel launched Operation Rising Lion, a surprise military offensive targeting Iran鈥檚 nuclear and military infrastructure, including sites in Tehran, Natanz and Isfahan.

Iranian military officials, including top nuclear scientists and Revolutionary Guards commanders, were killed in the attack.

Iran retaliated with missile and drone attacks, causing massive damage to various neighborhoods in Tel Aviv and other areas. The conflict lasted approximately 12 days before a ceasefire was agreed upon on June鈥24 amid a number of casualties on both sides.

Sadiq also noted the importance of reinforcing legislative cooperation through the Pak鈥慖ran Parliamentary Friendship Groups and sought to strengthen people-to-people ties between the two countries.


Pakistan saddened by German Olympic champion鈥檚 fatal climbing accident in Gilgit-Baltistan

Pakistan saddened by German Olympic champion鈥檚 fatal climbing accident in Gilgit-Baltistan
Updated 31 July 2025

Pakistan saddened by German Olympic champion鈥檚 fatal climbing accident in Gilgit-Baltistan

Pakistan saddened by German Olympic champion鈥檚 fatal climbing accident in Gilgit-Baltistan
  • Laura Dahlmeier, double Olympic biathlon champion, was struck by falling rocks while climbing Laila Peak
  • Poor weather prevented a helicopter rescue mission before two international teams confirmed her death

ISLAMABAD: Pakistan on Thursday expressed deep sorrow over the death of German double Olympic biathlon champion Laura Dahlmeier, who died earlier this week in a mountaineering accident on Laila Peak in the country鈥檚 Gilgit-Baltistan region.

The 31-year-old athlete was struck by falling rocks while climbing with a partner at around 5,700 meters in the Hushe Valley on July 28.

鈥淟aura was an inspiration for athletes and dreamers across the globe,鈥 Pakistan鈥檚 foreign office said in a statement.

鈥淗er indomitable spirit and legacy as a true role model will shine on forever,鈥 it added. 鈥淲e extend our deepest condolences to her family, loved ones and the German people.鈥

The Alpine Club of Pakistan said poor weather conditions had prevented a helicopter rescue mission. Two international teams later confirmed her death on the mountain, which stands at 6,069 meters in the Karakoram range.

Dahlmeier鈥檚 body was not recovered in line with her previously expressed wishes, her management said. Her climbing partner, Marina Eva Krauss, was unharmed and has since returned to base camp in good health, according to the local authorities.

A winner of two gold medals at the 2018 PyeongChang Winter Olympics, Dahlmeier retired from professional biathlon in 2019 at the age of 25.

Tributes have poured in from sporting bodies across the world, including the International Olympic Committee and the International Biathlon Union.

Germany鈥檚 Olympic Sports Confederation described Dahlmeier as 鈥渕ore than an Olympic champion,鈥 calling her someone 鈥渨ith heart, attitude and vision.鈥


India withdraw from veterans鈥 cricket semifinal against Pakistan amid tensions

India withdraw from veterans鈥 cricket semifinal against Pakistan amid tensions
Updated 31 July 2025

India withdraw from veterans鈥 cricket semifinal against Pakistan amid tensions

India withdraw from veterans鈥 cricket semifinal against Pakistan amid tensions
  • World Championship of Legends is sanctioned by England and Wales Cricket Board
  • Tickets to be refunded after Pakistan advances to final following India鈥檚 withdrawal

LONDON: India have withdrawn from a semifinal clash with Pakistan in a tournament featuring retired players amid tension between the nuclear-armed neighbors, organizers of the World Championship of Legends (WCL) said on Wednesday.

A group match between the two teams was also called off earlier this month in the veterans鈥 competition sanctioned by the England and Wales Cricket Board (ECB).

Tickets will be refunded for the semifinal match which was scheduled to take place in Birmingham on Thursday, WCL organizers said in a statement on Instagram, adding that Pakistan will advance to the final.

India and Pakistan, who have not played bilateral cricket since 2013, are set to face off in the Asia Cup on September 14.

The WCL is in its second edition, running from July鈥18 to August鈥2 in England, with six teams representing India, Pakistan, England, Australia, South Africa and West Indies competing across four venues including Edgbaston, Headingley, Leicester and Northampton.

A total of 18 matches are being played in this round-robin T20 format with playoffs at its conclusion.

The tournament was launched in 2024 and returns this year with high-profile former international stars like Shahid Afridi, Yuvraj Singh, Kevin Pietersen, Brett Lee, Eoin Morgan and Chris Gayle drawing crowds.

The India Champions, captained by Yuvraj Singh, entered as defending champions after beating Pakistan in last year鈥檚 final.