APNS supports armed forces
Sarmad Ali President All Pakistan Newspapers Society (APNS) in a press statement has stated that the attack by India in Pakistan territory is alarming threat to the peace and prosperity of the region and would cause unprecedented destruction of the people and economy of the region. He called for sanity to the jingoist leaders of India to stop their efforts to destabilize the region.
Sarmad Ali assured the nation that the print media in Pakistan will play a positive and objective role in dissemination of authentic news and objective analysis to keep the people of Pakistan well informed.
He regretted that the Indian media in general played on the tunes of the Hindutva driven extremist BJP government and spread fake news and war hysteria which is against the norms of objective journalism
The President APNS assured all out support of the print media to the armed forces and the government of Pakistan to defend homeland against all aggression and threats from the Indian government.
Copyright Business Recorder, 2025
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Recorder
2 hours ago
- Business Recorder
India will continue to buy Russian oil, government sources say
India will keep purchasing oil from Russia despite U.S. President Donald Trump's threats of penalties, two Indian government sources said, not wishing to be identified due to the sensitivity of the matter. 'These are long-term oil contracts,' one of the sources said. 'It is not so simple to just stop buying overnight.' Trump last month indicated in a Truth Social post that India would face additional penalties for purchases of Russian arms and oil. On Friday, Trump told reporters that he had heard that India would no longer be buying oil from Russia. The New York Times on Saturday quoted two unnamed senior Indian officials as saying there had been no change in Indian government policy, with one official saying the government had 'not given any direction to oil companies' to cut back imports from Russia. Reuters reported this week that Indian state refiners stopped buying Russian oil in the past week after discounts narrowed in July. 'On our energy sourcing requirements … we look at what is there available in the markets, what is there on offer, and also what is the prevailing global situation or circumstances,' India's foreign ministry spokesperson Randhir Jaiswal told reporters during a regular briefing on Friday. Jaiswal added that India has a 'steady and time-tested partnership' with Russia, and that New Delhi's relations with various countries stand on their own merit and should not be seen from the prism of a third country. The White House in Washington did not immediately respond to requests for comment. Indian refiners are pulling back from Russian crude as discounts shrink to their lowest since 2022, when Western sanctions were first imposed on Moscow, due to lower Russian exports and steady demand, sources said earlier this week. Indian state refiners pause Russian oil purchases, sources say The country's state refiners - Indian Oil Corp, Hindustan Petroleum Corp, Bharat Petroleum Corp and Mangalore Refinery Petrochemical Ltd - have not sought Russian crude in the past week or so, four sources familiar with the refiners' purchase plans told Reuters. India's top supplier On July 14, Trump threatened 100% tariffs on countries that buy Russian oil unless Moscow reaches a major peace deal with Ukraine. Russia is the top supplier to India, responsible for about 35% of India's overall supplies. Russia continued to be the top oil supplier to India during the first six months of 2025, accounting for about 35% of India's overall supplies, followed by Iraq, Saudi Arabia and the United Arab Emirates. India, the world's third-largest oil importer and consumer, received about 1.75 million barrels per day of Russian oil in January-June this year, up 1% from a year ago, according to data provided to Reuters by sources. Nayara Energy, a major buyer of Russian oil, was recently sanctioned by the European Union as the refinery is majority-owned by Russian entities, including oil major Rosneft. Last month, Reuters reported that Nayara's chief executive had resigned after the imposition of EU sanctions and company veteran Sergey Denisov had been appointed as CEO. Three vessels laden with oil products from Nayara Energy have yet to discharge their cargoes, hindered by the new EU sanctions on the Russia-backed refiner, Reuters reported late last month.
Business Recorder
3 hours ago
- Business Recorder
India will buy Russian oil despite Trump's threats: NYT
Indian officials have said they would keep purchasing oil from Russia despite the threat of penalties that U.S. President Donald Trump said he would impose, the New York Times reported on Saturday. Reuters could not immediately verify the report. The White House, India's Ministry of External Affairs and the Ministry of Petroleum and Natural Gas did not immediately respond to requests for comment. Trump last month indicated in a Truth Social post that India would face additional penalties for purchase of Russian arms and oil. However, he later said that he did not care what India does with Russia. On Friday, Trump told reporters that he had heard that India would no longer be buying oil from Russia. Indian state refiners pause Russian oil purchases, sources say Two senior Indian officials said there had been no change in policy, according to the NYT report, which added that one official said the government had 'not given any direction to oil companies' to cut back imports from Russia. Reuters had earlier reported that Indian state refiners stopped buying Russian oil in the past week as discounts narrowed in July. On July 14, Trump threatened 100% tariffs on countries that buy Russian oil unless Moscow reaches a major peace deal with Ukraine. Russia is the top supplier to India, responsible for about 35% of India's overall supplies.
Business Recorder
7 hours ago
- Business Recorder
Trump stakes reputation as dealmaker with tariff policy
WASHINGTON: Donald Trump is staking his reputation as a tough negotiator and slick dealmaker – that has served him well throughout his life – with his ultra-muscular, protectionist tariffs policy. On Friday, the White House released a picture of the US president seen with a smartphone pressed to his ear, with the caption: 'Making calls. Making deals. MAKING AMERICA GREAT AGAIN!' Every trade deal announced by the president, who is convinced that tariffs are both a tool and manifestation of America's economic might, is celebrated by his supporters as a show of his negotiating prowess. This week's flurry of rate changes was no different. On Thursday, with the stroke of a black marker, the former real estate developer slapped fresh tariffs on dozens of US trade partners. They will kick in on August 7 instead of August 1, which had previously been touted as a hard deadline. The Republican leader's backtracking, frequently setting trade deadlines only to rescind or extend them – he most recently granted Mexico a 90-day extension – has given rise to the mocking acronym 'TACO' ('Trump always chickens out'). Trump's global trade policy faces test, hours from tariff deadline The jokes implying Trump is all talk and no action on trade have previously struck a nerve for the president. 'Not chicken' But analysts believe there will be no going back this time. Trump has 'not chickened out,' according to Josh Lipsky, an international economics expert at the Atlantic Council think tank. Lipsky told AFP the president is 'following through, if not exceeding' what he vowed during his campaign in respect to tariffs. Matthew Aks, a public policy analyst at Evercore ISI, said he did not anticipate a 'massive shift' on the latest order, aside from some economies like Taiwan or India striking deals during the seven-day buffer. Following crunch negotiations leading up to the tariffs announcement, Trump struck a series of compromises, notably with the European Union, Japan, and South Korea, setting varying tax rates and touting high investments in the United States. The details of these agreements remain vague and leave the door open to key questions: Are exemptions possible? What will become of key sectors like automobiles, pharmaceuticals, semiconductors? And what of China? India engaged in further trade talks with US, Indian government source says The US president and leaders of other countries 'have reasons to avoid going into detailed agreements' explained Aks, allowing all sides to present the deals in the most positive, or least negative, way possible to their public. The ability to conclude deals – often with or without crucial detail – is, for the 79-year-old Republican, an integral part of his political signature. 'Art form' In his book 'The Art of the Deal,' the billionaire wrote: 'Deals are my art form. Other people paint beautifully on canvas or write wonderful poetry. I like making deals, preferably big deals. That's how I get my kicks.' Trump explained in his book that he always 'protects' himself 'by being flexible.' 'I never get too attached to one deal or one approach.' But despite comments about his trade policy reversals, Trump has hardly budged from his trade strategy, and that could prove politically painful. In a survey conducted by Quinnipiac University published in mid-July, only 40 percent of respondents said they supported the president's trade policy, while 56 percent criticized it. US cuts Pakistan tariff to 19% from 29% after trade deal The latest employment figures bear the marks of Trump's protectionist offensive, according to experts. Job creation in May and June was revised sharply downward, falling to levels not seen since the Covid-19 pandemic.
