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Trump says used US trade ties to persuade India, Pakistan on ceasefire

Trump says used US trade ties to persuade India, Pakistan on ceasefire
President Donald Trump (right) speaks as Food and Drug Administration commissioner Martin Markary (left) and Jay Bhattacharya, director of the National Institutes of Health, listen during an event in the Roosevelt Room at the White House, in Washington on May 12, 2025. (AP)
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Updated 12 May 2025

Trump says used US trade ties to persuade India, Pakistan on ceasefire

Trump says used US trade ties to persuade India, Pakistan on ceasefire
  • India and Pakistan last week used fighter jets, drones, missiles and artillery to attack each other in the worst fighting between them in decades
  • The two countries reached an understanding to stop all military actions on land, in the air and at the sea on Saturday in a US-brokered ceasefire

ISLAMABAD: President Donald Trump said on Monday he had used United States (US) trade ties with India and Pakistan to persuade the nuclear-armed nations to back off from further military confrontation and agree to a ceasefire.
India and Pakistan reached an understanding to stop all military actions on land, in the air and at the sea on Saturday in a US-brokered ceasefire to cease escalating hostilities that had spiraled alarmingly, threatening regional peace.
The two sides used fighter jets, drones, missiles and artillery to attack each other in the worst fighting between them since the 1999 Kargil war, leaving around 70 people dead on both sides of the border.
Speaking at an event at the White House, Trump said the countries ended hostilities for a lot of reasons “but trade is a big one,” adding that Washington was already negotiating a trade deal with India and would soon start negotiating with Pakistan.
“On Saturday, my administration helped broker a full and immediate ceasefire, I think a permanent one, between India and Pakistan, ending a dangerous conflict of two nations with lots of nuclear weapons. They were going at it hard and heavy, and it was seemingly not going to stop,” he said.
“I said, ‘Come on, we are going to do a lot of trade with you guys. Let’s stop it. Let’s stop it. If you stop it, we will do trade, if you don’t stop, we are not going to do any trade.’ People have never really used trade the way I used it.”
While Trump thought his administration had brokered a permanent ceasefire between India and Pakistan, Indian Prime Minister Narendra Modi said in a Monday evening speech India had only “paused” military action against Pakistan.
Pakistan will have to get rid of its “terrorist infrastructure” if it wants to be “saved,” Modi said in his first comments since the ceasefire.
“I will tell the global community also, if we talk to Pakistan, it will be about terrorism only...it will be about Pakistan-occupied Kashmir,” Modi said, referring to Azad Kashmir.
Pakistan and India have a history of bitter relations and both countries have fought three wars, two of them over the disputed region of Kashmir. Last week’s military conflict between them was also triggered by a militant attack in Indian-administered Kashmir that killed 26 tourists on April 22.
India struck multiple Pakistani cities on Wednesday, blaming the April 22 attack on Pakistan. Islamabad denied any complicity in the assault and reciprocated with similar strikes against Indian military targets.
Modi’s comments came a day after Pakistan said its response to Indian strikes was a “great example” of the coming together of all elements of Pakistan’s national power, warning of a similar response to any future attempts to challenge the country’s sovereignty and integrity.
“No one should have any doubt that whenever our sovereignty would be threatened and territorial integrity violated, the response would be comprehensive, retributive and decisive,” Pakistani military spokesman Lt Gen Ahmed Sharif Chaudhry said at a presser.
On Sunday, Trump also said he would try to work with both India and Pakistan to see if they can resolve their dispute over Kashmir.
“I will work with you both to see if, after a ‘thousand years,’ a solution can be arrived at concerning Kashmir,” Trump wrote on his social media platform, Truth Social, referring to India and Pakistan.
India has for years insisted Kashmir is a bilateral issue and not allowed any third-party mediation.


Pakistan says over one million consumers using self meter reading mobile app

Pakistan says over one million consumers using self meter reading mobile app
Updated 19 sec ago

Pakistan says over one million consumers using self meter reading mobile app

Pakistan says over one million consumers using self meter reading mobile app
  • Pakistan’s government launched “Apna Meter, Apni Reading” app on June 29 this year
  • Power consumers accuse meter readers frequently of overbilling, taking incorrect readings

ISLAMABAD: Over one million electricity consumers are actively using a mobile app launched by the government in June that allows people to record and submit their power meter readings themselves for billing, the state-run Associated Press of Pakistan (APP) reported on Thursday. 

Pakistan’s government launched the Power Smart App under the government’s “Apna Meter, Apni Reading” (Your Meter, Your Reading) slogan on June 29. The initiative allows consumers to take pictures of the readings of their power meters on a specified date, upload the image to the app, and based on the picture, their monthly bill will be generated. 

The initiative was taken by the government to address customers’ concerns, who have frequently accused meter readers of overbilling them or taking incorrect readings. 

“The uptake of this digital tool has been remarkable, with more than one million electricity consumers nationwide actively using the Power Smart app,” the APP said.

“This significant adoption demonstrates increasing public trust in digital governance and a strengthened relationship between consumers and utility services.”

As per the energy ministry’s spokesperson, Pakistan’s electricity sector reported losses of Rs591 billion [$2.07 billion] in June 2024. However, due to several reforms, including the self meter reading initiative, these losses have been cut by Rs191 billion [$668.5 million] within the year.

Pakistan’s Power Division said in June that the self meter reading method will prove beneficial for consumers eligible for power subsidies. 

“For example, a consumer using up to 200 units typically receives a bill of around Rs2,330 but crossing just one additional unit results in the loss of subsidy, raising the bill to around Rs8,104,” the Power Division had said.

“Through this app, it will be ensured that eligible consumers can timely submit readings and continue to benefit from subsidies.”

Pakistan has aggressively pursued reforms in its energy sector recently, which has long struggled with financial strain due to circular debt, power theft and transmission losses. These problems have led to blackouts and high electricity costs throughout the country, especially during the summers when demand peaks. 


Influx of Afghan returnees from Pakistan, Iran fuel Kabul housing crisis

Influx of Afghan returnees from Pakistan, Iran fuel Kabul housing crisis
Updated 12 min 30 sec ago

Influx of Afghan returnees from Pakistan, Iran fuel Kabul housing crisis

Influx of Afghan returnees from Pakistan, Iran fuel Kabul housing crisis
  • More than 2.1 million Afghans have returned from Pakistan and Iran so far this year
  • Kabul property dealers say rental prices had skyrocketed with the influx of returnees

KABUL: Weeks after he was forced to return from Iran, Mohammad Mohsen Zaryab was still searching for somewhere to live in Kabul, where rental prices have soared along with an influx of Afghans expelled from neighboring countries.

More than 2.1 million Afghans have returned from Pakistan and Iran so far this year, according to the United Nations refugee agency. They join earlier rounds of mass expulsions from the neighboring countries, deported or driven out by fear of arrest.

Many of the returnees, like Zaryab, fled with their meagre belongings to Kabul, expecting the swelling city of eight million to offer the best prospects of finding work in a country where half the population lives below the poverty line.

Zaryab begged landlords to bring down prices for his family of eight, only to be told, “If you can’t pay, someone else will.”

The 47-year-old factory worker said he had expected when he returned in July to find more solidarity for Afghans coming “from far away with no home.”

Multiple Kabul property dealers told AFP that rental prices had skyrocketed with the influx of returnees.

“Since landlords noticed that refugees (from Iran and Pakistan) were returning, they doubled their rents,” said real estate agent Hamed Hassani, calling for the government to “intervene.”

“We have many refugees who come to ask us for an apartment to rent, and most of them cannot afford what’s available,” he said.

A year ago, a three-room house would on average cost 10,000 Afghanis ($145) per month, but renters now pay 20,000, said Nabiullah Quraishi, the head of a property dealership.

The cost amounts to a fortune for the majority of Afghanistan’s 48 million people, 85 percent of whom live on less than one dollar a day, according to the UN.

Two years ago, multiple landlords would come to Quraishi’s business every month seeking help renting their property. Now, demand outstrips supply, he said.

The municipality denies any housing crisis in the city.

Major urban development plans, which include building new roads even if it means bulldozing numerous residences, are further straining housing access.

“Seventy-five percent of the city was developed unplanned,” municipality spokesman Nematullah Barakzai told AFP. “We don’t want this to happen again.”

Zahra Hashimi fears being evicted from the single basement room that has served as her home since she and her family returned from Iran.

Her husband, who works odd jobs, earns about 80 Afghanis per day (a little over a dollar), not enough to pay the rent for the property, which has no electricity or running water.

“We lost everything when we returned to Afghanistan,” said Hashimi, whose eldest daughter can no longer attend school under Taliban rules that deny women and girls schooling and employment.

Her two primary-school-aged daughters could still attend, but the family cannot afford the tuition.
The housing pressures have also affected long-time Kabul residents.

Tamana Hussaini, who teaches sewing in the west of Kabul, where rents are lower, said her landlord wants to raise the 3,000 Afghani rent for their three-bedroom apartment.

The family of eight tried to move out, but “rents are too high,” she told AFP.

“It’s a frustrating situation where you can’t stay, but you can’t leave either.”


Pakistan Refinery to buy its first Nigerian Bonny Light oil from Vitol, sources say

Pakistan Refinery to buy its first Nigerian Bonny Light oil from Vitol, sources say
Updated 30 min 36 sec ago

Pakistan Refinery to buy its first Nigerian Bonny Light oil from Vitol, sources say

Pakistan Refinery to buy its first Nigerian Bonny Light oil from Vitol, sources say
  • 500,000-barrel light-sweet crude cargo is expected to arrive in Karachi by late September
  • Oil is Pakistan’s largest import, with crude and petroleum products totaling $11.3 billion in FY 25

KARACHI: Pakistan Refinery Limited will import its first cargo of Nigerian Bonny Light crude from Vitol in September, two sources familiar with the matter said, as Asian refiners shift toward cheaper alternatives to Middle Eastern oil.

The 500,000-barrel, light-sweet crude cargo is expected to load later this month and arrive in Karachi by late September, the sources said, declining to be named as the information is not yet public.

The price was not immediately known.

Vitol and PRL did not immediately respond to a request for comment.

The purchase follows Pakistan’s first deal to import US crude, also supplied by Vitol, by Cnergyico, which is scheduled to arrive in October.

Almost all of Pakistan’s crude imports are sourced from the Middle East, primarily ֱ and the United Arab Emirates.

However, along with other Asian refiners, Pakistan’s industry has shown increased interest in recent months in supplies from elsewhere, including US West Texas Intermediate and Kazakh CPC Blend, after Middle Eastern supplies became more expensive.

As early as 2014, Pakistan imported a Nigerian Yoho crude, according to data from Kpler, but the Bonny Light purchase is the country’s first known purchase of Bonny Light, which is valued for its high yields of gasoline and diesel.

Oil is Pakistan’s largest import item, with crude and petroleum products of $11.3 billion in the fiscal year ended June 30, 2025 representing nearly a fifth of the country’s total import bill.


Pakistan PM calls for national strategy to address rapid population growth

Pakistan PM calls for national strategy to address rapid population growth
Updated 07 August 2025

Pakistan PM calls for national strategy to address rapid population growth

Pakistan PM calls for national strategy to address rapid population growth
  • Pakistan has over 240 million people and annual growth rate of 2.55 percent, one of the highest in the region
  • Experts warn that if current trends continue unchecked, Pakistan’s population could exceed 400 million by 2050

ISLAMABAD: Prime Minister Shehbaz Sharif on Thursday called for the urgent formulation of a national strategy to address Pakistan’s rapid population growth, warning that without coordinated planning, rising numbers could strain the country’s resources and economic development.

Pakistan, the fifth most populous country in the world, is grappling with a population crisis that threatens to outpace its economic growth, social services, and infrastructure. With over 240 million people and an annual growth rate of 2.55 percent, one of the highest in the region, the country faces mounting pressure on its health care, education, housing and employment systems. The pace of growth not only stretches public resources thin but also deepens inequality and urban overcrowding, especially in megacities like Karachi and Lahore.

Experts warn that if current trends continue unchecked, Pakistan’s population could exceed 400 million by 2050. Such expansion would exacerbate food insecurity, water scarcity, and climate vulnerability in a country already facing frequent natural disasters and economic instability.

Despite past commitments to family planning and reproductive health, successive governments have struggled to implement sustained, nationwide policies. The lack of coordination between federal and provincial governments, coupled with social taboos around contraception, continues to hinder progress, turning population growth into a slow-burning emergency.

“There is a need to plan so that the rapidly growing population can be made an active part of the economy,” Sharif said during a meeting with his cabinet, according to a statement shared by his office, which said the premier ordered the formation of a committee to develop an effective policy and strategy on population management.

Sharif noted that a large segment of the country’s population was made up of young people, calling them a “valuable and vital national asset.”

“Multiple initiatives are underway to provide youth with opportunities to contribute to the national economy,” Sharif said, also emphasizing the role of women in the workforce and calling for steps to ensure they have greater access to employment opportunities.

“Women are a major part of our labor force,” he said. “Steps should be taken to provide them with more employment opportunities.”

Officials presented proposals at the meeting, highlighting the need for a comprehensive national policy, developed in coordination with provincial governments, to address population growth and its associated challenges.

Participants also discussed the importance of launching a national awareness campaign on population issues in the context of economic development.


Pakistan to get export boost after US slashed tariffs in new trade deal — deputy finance chief

Pakistan to get export boost after US slashed tariffs in new trade deal — deputy finance chief
Updated 07 August 2025

Pakistan to get export boost after US slashed tariffs in new trade deal — deputy finance chief

Pakistan to get export boost after US slashed tariffs in new trade deal — deputy finance chief
  • The 19% tariff is lower than what the US imposed on regional competitors, including Vietnam and India
  • Pakistan exported $6 billion worth of goods to the US last fiscal year, making it its largest export market

ISLAMABAD: State Minister for Finance and Revenue Bilal Azhar Kayani said on Thursday Pakistan expected a significant boost in exports to the United States following successful trade negotiations that convinced President Donald Trump’s administration to lower tariffs on Pakistani products to 19%.

Pakistan and the United States finalized a trade agreement last week under which 19% tariff was imposed on a wide range of Pakistani goods. The new rate marked a considerable reduction from the initially proposed 29% under a sweeping executive order signed by Trump.

Islamabad had pushed for a lower tariff than its regional competitors, including Vietnam, which now faces a 20% tariff, and India, whose exports were hit with an additional 25% levy a day earlier over continued imports of Russian oil.

“The trade deal that has just been finalized with America has resulted in us getting a 19% tariff, the lowest tariff in the South Asia region,” Kayani told lawmakers in the National Assembly. “This, God willing, will certainly lead to an increase in our exports.”

He emphasized the US was already Pakistan’s largest export destination.

“In the last fiscal year, out of $32 billion in exports, $6 billion went to America. So this is definitely a tried and tested market, our biggest export market, and the relative reduction in this tariff will certainly benefit us.”

Kayani said the trade breakthrough reflected a broader improvement in US-Pakistan relations, contrasting the current diplomatic engagement with a period of strained ties under the government led by the opposition Pakistan Tehreek-e-Insaf party.

“No one could have imagined that we would have this kind of relationship with America today, or that we would be signing a trade deal like this, one that would give Pakistan the lowest tariff in the South Asia region,” he said, urging the opposition to acknowledge the government’s achievement.

He also linked the ongoing momentum in the bilateral relations to what he called “diplomatic victories” after Pakistan’s recent four-day military standoff with India, which ended with a US-brokered ceasefire on May 10.

The minister noted that bilateral cooperation with Washington had expanded since then, adding that Pakistan’s army chief, Field Marshal Asim Munir, was invited to the White House for a meeting with President Trump in the aftermath of the same conflict.

Kayani’s remarks come at a time when Pakistan and the United States strengthen ties in key sectors including security, trade and investment.

President Trump announced earlier this month his administration would assist Pakistan in developing its oil reserves.

Washington and Islamabad are also collaborating in cryptocurrency, with Pakistan eyeing US investment in mining, rare earths and information technology.