Day: September 26, 2025

ISLAMABAD/NEW YORK: US President Donald Trump on Thursday hailed Prime Minister Shehbaz Sharif and Chief of Army Staff (COAS) Field Marshal Syed Asim Munir as “great leaders” during what was described as a historic meeting at the White House. Welcoming the Pakistani delegation with full protocol, including a red-carpet reception at Andrews Air Base, Trump praised Field Marshal Munir’s “outstanding personality” and called Shehbaz Sharif a “remarkable individual.” The premier and COAS met the US president in the Oval Office as part of high-level engagements in Washington. Meanwhile, Trump made…

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MOSCOW: Russia has announced a partial ban on diesel exports until year-end and extended an existing gasoline export ban, Deputy Prime Minister Alexander Novak said on Thursday, as Ukrainian drone strikes continue to cripple refining capacity. The attacks have at times cut Russian oil refining by nearly 20%, slashing exports from key ports and pushing Moscow close to reducing crude output. Several regions are already reporting fuel shortages. Novak acknowledged a “small deficit” of oil products but said stockpiles were being used to stabilise supply. The diesel export ban applies…

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ISLAMABAD: Pakistan has sent a high-level delegation to Saudi Arabia to push forward discussions on a comprehensive economic roadmap, expected to be sealed within the next two months, well-placed sources told Business Recorder on Thursday. The delegation includes Commerce Minister Jam Kamal Khan, Minister for National Food Security Rana Tanveer Hussain, and senior officials from the Special Investment Facilitation Council (SIFC). Prime Minister Shehbaz Sharif, currently in the United States, joined preparatory meetings virtually. According to officials, both sides are working on a structured framework to guide future cooperation, rather…

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LAHORE: The Pakistan Industrial and Traders Association Front (PIAF) has urged policymakers to broaden the scope of foreign direct investment (FDI) beyond the energy sector, warning that overreliance on power projects is stifling Pakistan’s wider economic growth potential. PIAF Patron-in-Chief Mian Sohail Nisar said foreign investors continue to channel most funds into energy despite vast opportunities in mining, manufacturing, and IT. “Heavy concentration of capital in one sector is concerning. Pakistan must attract value-added and technology-driven investments,” he noted. According to the State Bank of Pakistan, FDI stood at $2.46…

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