Prime minister vows safe environment for Chinese
"The confidence of Chinese companies in the Pakistani economy is extremely important for our economic future," the prime minister said while chairing a meeting regarding security arrangements for Chinese citizens in Pakistan.
"China is our friendly country," said the prime minister stressing that the protection of Chinese brothers was the top priority of the government.
During the meeting, the prime minister was briefed on the progress of special security arrangements for Chinese nationals throughout the country.
The interior minister informed the prime minister about the security arrangements being implemented nationwide.
In the briefing, it was stated that in light of potential terrorist threats, special security arrangements for Chinese nationals had been enforced.
The federal government and all provinces are working in full cooperation on this matter, the briefing highlighted adding that safe city projects were under construction across the country.
Police Academy
Prime Minister Shehbaz Sharif on Tuesday visited the National Police Academy (NPA) and addressed the 52nd Commons Batch of Assistant Superintendents of Police (ASPs), announcing a comprehensive overhaul of the institution, aligning it with the standards of the Pakistan Military Academy.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Express Tribune
a few seconds ago
- Express Tribune
US, India begin trade talks after 25% tariff by Trump
U.S. President Donald Trump and Indian Prime Minister Narendra Modi shake hands as they attend a joint press conference at the White House in Washington, D.C., U.S., February 13, 2025. REUTERS/Kevin Lamarque/File Photo Listen to article India is engaged in trade talks with the United States, an Indian government source with knowledge of the discussions said on Friday, a day after US President Donald Trump signed an order imposing a 25% tariff on New Delhi's exports. Trump set steep import duties on dozens of trading partners, including a 35% tariff on many goods from Canada, 50% for Brazil, 20% for Taiwan and 39% for Switzerland, according to a presidential executive order. A US delegation is expected to visit New Delhi later this month, the government source said. "We remain focused on the substantive agenda that our two countries have committed to and are confident that the relationship will continue to move forward," India's foreign ministry said in a statement on Friday. Trade talks between Washington and New Delhi have been bogged down by issues including access to India's highly protected agriculture and dairy sector. Nearly $40 billion worth of exports from the South Asian nation - the world's fifth largest economy - could be impacted by Trump's tariff salvo, according to the source. Without a deal, the rate singles out India for harsher trade conditions than its major peers, potentially damaging the economy of a strategic US partner in Asia that is seen as a counterbalance to Chinese influence. The source said there is no question of compromising on India's agriculture and dairy sectors, especially not allowing import of dairy products due to religiously based opposition to animal feed in these products. On Wednesday, Trump also threatened additional penalties on India for its commercial dealings with Russia and membership in the BRICS group of major emerging and developing economies. There is no clarity yet on the penalty. Trump accuses BRICS of pursuing "anti-American policies". Differences between the US and India cannot be resolved overnight to arrive at a trade deal, a senior US official said on Thursday. The US has a trade deficit of $46 billion with India.
Business Recorder
28 minutes ago
- Business Recorder
US copper stabilises to retain a premium over global benchmark
LONDON: US copper prices stabilized on Friday after the biggest one-day decline on record the previous day as the market continued to assess a surprise move by US President Donald Trump to exclude refined metal from 50% import tariffs. US September Comex copper futures rose 1.1% to $4.4015 per lb, or $9,703.70 a metric ton, by 1006 GMT after plunging by 22% on Thursday. Benchmark three-month copper on the London Metal Exchange added 0.1% to $9,616 a ton. Price pressure was applied by rising stocks in LME-registered warehouses and expectations of more inflows from massive inventories in the U.S. after Washington excluded refined copper from its import tariffs. Copper stocks in Comex-owned warehouses are at a 21-year high of 257,915 short tons (233,977 metric tons) after 176% growth over the March-July period. Available LME stocks, meanwhile, more than doubled in July and are at a three-month high of 127,475 metric tons. US copper tumbles on tariff news, LME erodes on tepid demand Limiting the prospect of massive outflows from U.S. stocks in the short term is the Comex copper futures premium over the LME price, even with this week's price falls. 'Comex copper's premium is now only a few hundred dollars, which is still huge historically but nothing compared to the recent $3,000 premium,' one metals trader said. Adding another layer of pressure on the metal used extensively in power and construction was a private-sector survey showing a drop in Chinese factory activity in July. China, the world's top metals consumer, is facing an August 12 deadline to reach a durable tariff agreement with Trump's administration. Trump imposed steep tariffs on exports from dozens of trading partners, including Canada, Brazil, India and Taiwan, ahead of Friday's trade deal deadline. Among other LME metals, aluminium fell 0.5% to $2,552 a ton, zinc lost 1.4% to $2,723, lead eased by 0.2% to $1,965.50 while tin rose 1.1% to $32,970 and nickel retreated 0.5% to $14,855.
Business Recorder
28 minutes ago
- Business Recorder
India's Mahindra logs 20% jump in July SUV sales to dealers, rivals stumble
Indian automaker Mahindra & Mahindra logged a 20% year-on-year jump in sales of sports utility vehicles to dealers in July on strong demand for newer models and electric SUVs, while rivals struggled, data from the firms showed on Friday. Most Indian carmakers, barring Mahindra, are struggling to grow sales in their core urban segments amid a broader industry slowdown in the world's third-largest car market. Having gotten off to a slow start to 2025, manufacturers are counting on a pick-up in demand from late August, buoyed by festivals, as well as tax cuts and lower interest rates. For fiscal 2026, they expect industry-wide car sales to grow just 1%-2% on-year, compared to an industry forecast of 2% growth in 2025. Domestic sales for Hyundai India and Tata Motors slid by a tenth each in July, as the companies suffer from stalling demand for their small cars, and older SUVs – a segment which contributes two-thirds to their dispatches. Successful launches over the past year at Mahindra have drawn customers Hyundai and Tata Motors, with Mahindra leaping past the two to the no. 2 spot in the domestic car market, long held by Hyundai. Indian automaker Mahindra's quarterly profit beats view on strong SUV sales However, Tata Motors, which leads sales of electric vehicles in India, reported a 42% jump in EV sale volume to a record 7,124 units. The EV leader has seen its market share slide sharply over the last year amid rising competition from Mahindra and Chinese SAIC Motor's Indian venture, JSW MG Motor. Meanwhile, market leader Maruti Suzuki reported sales to dealers that were largely flat. Although it reported a 5.6% rise in the sales of small cars such as the 'Swift' - the first in six months - this was offset by a 6.3% slump in SUV sales, its second straight monthly decline.
