Category: Highlights

Pakistan to Export Rice, Potatoes to Russia, Barter Trade Deal Signed

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pakistan deal with pakistan

Islamabad: Pakistan and Russia have signed their first-ever barter trade agreement during the inaugural Pakistan-Russia Trade Forum, according to recent report. This significant deal aims to strengthen economic ties between the two nations by allowing them to exchange agricultural products without relying on traditional payment systems. The move is particularly important due to payment constraints caused by Western sanctions imposed on Russia following its 2022 invasion of Ukraine. These sanctions have prompted Moscow to turn to barter deals to avoid currency risks and sidestep the complications of international payment systems.…

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India Foreign Minister to Visit Pakistan for First Time Since 2015

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India’s External Affairs Minister Subrahmanyam Jaishankar will attend a China-led summit in Pakistan in place of Prime Minister Narendra Modi, the government said late Friday. It’ll be the first visit to Pakistan by an Indian foreign minister since 2015. Jaishankar will lead the delegation at a state-level meeting of the Shanghai Cooperation Organisation starting on Oct. 15, said Randhir Jaiswal, foreign ministry spokesperson.

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PMD predicts rise in temperatures in Karachi

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temperature rise in karachi

The Pakistan Meteorological Department (PMD) has predicted an increase in temperatures in Karachi, with a maximum temperature of 38°C expected on Tuesday. The advisory mentioned that from tomorrow, northwestern desert winds from Balochistan will start affecting the city. The temperature in Karachi is expected to reach up to 37°C on Monday, with a higher heat intensity due to increased humidity. The PMD has also forecasted hot, very hot, and dry weather in other districts of Sindh. Today, the weather in Karachi is expected to be partly cloudy, with the temperature…

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Pakistan: Casualties reported in blast at Karachi airport

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blast in karachi

One person was killed and several others injured in the explosion outside Pakistan’s largest airport, local media reported. It was initially unclear what caused the blast.One person was killed and several others were injured in a massive blast outside Karachi Airport in southern Pakistan on Sunday night, local media reported. The casualties were confirmed by broadcaster Geo News and Dawn newspaper, citing officials.Cause of the blast unclearPolice and the provincial government said a tanker exploded outside Jinnah International Airport, which is Pakistan‘s biggest airport.The provincial home minister, Zia Ul Hassan, contradicted this account, telling Geo News that it…

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Solar and Wind Energy Prices Plummet to Record Lows

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Europe has experienced negative energy prices several times this year, as the rapid pace of development of solar and wind energy outpaces the region’s ability to cope with excess supply. Electricity prices dropped into negative figures for 7,841 hours during the first eight months of 2024, sometimes to as much as -$22 per megawatt hour, according to the consultancy ICIS. The main culprit has been the solar sector, driven by inconsistencies in the delivery of electricity due to its unstable nature. While the deployment of utility-scale batteries could help to tackle this…

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