US President Donald Trump attends a bilateral meeting with China’s President Xi Jinping during the G20 leaders summit in Osaka, Japan, June 29, 2019.— Reuters Software export controls also to take effect.Trump says ‘no reason’ to meet Xi in three weeks.Rift between 2…
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Pakistan plans tariff cuts under new auto policy to liberalise vehicle imports
A representational image showing a large number of electric vehicles parked at a port. — AFP/File
Four-tier tariff structure to replace system.Used car duties to gradually decline.Policy aims to boost localisation, cut prices.
ISLAMABAD: Pakistan is set to…
Oil rises as uncertainty mounts over lasting US-Iran truce
Pumpjacks are seen against the setting sun at the Daqing oil field in Heilongjiang province, China December 7, 2018. — ReutersSaudi tankers carrying 6m barrels pass through Hormuz safely.Iran-US deal expected to release stranded Gulf oil supplies.Lifting sanctions on Iranian oil could…
US and China extend tariff truce by 90 days
US President Donald Trump meets with China’s President Xi Jinping at the start of their bilateral meeting at the G20 leaders summit in Osaka, Japan, June 29, 2019. — ReutersTrump announces suspending higher tariffs on China till Nov 10. Hours later, China pauses tariffs on…