US, Armenia sign partnership agreement

. YEREVAN: US Secretary of State Marco Rubio and Armenian Foreign Minister Ararat Mirzoyan signed a strategic partnership agreement in Yerevan on Tuesday, less than two weeks before parliamentary elections in the South Caucasus country. Rubio’s visit comes as Russia has threatened to exert economic pressure on Yerevan for its growing ties to the West…

Read More

Pak-Iran transit corridor opened

KARACHI: Trade activities under the Pakistan-Iran transit corridor have formally commenced, with the first export consignment dispatched from Pakistan. Director Transit Trade Customs Sanaullah Abro told The Express Tribune that the inaugural shipment, comprising frozen meat, was transported via refrigerated trucks to Tashkent, Uzbekistan. He said that under the corridor, consignments from Pakistan would be…

Read More

New power tariff to deter solar shift

Two-part policy aims to force industries to stay on grid or face higher fixed charges ISLAMABAD: The government has shared a new plan with the International Monetary Fund (IMF) to substantially increase fixed charges on electricity bills to punish industrialists who use less than their sanctioned loads and have shifted to solar and other off-grid…

Read More

Jake Paul acknowledges cloudy future

Jake Paul at a MMA press conference at Intuit Dome. Photo: REUTERS/FILE LONDON: Jake Paul expressed a desire to continue fighting while acknowledging his fighting career could be done in a recent interview. Paul, 29, is still recovering after Anthony Joshua broke his jaw during their December fight, Paul’s first loss in seven ‌fights. “We’ll…

Read More

K-P jirga to raise drone attacks with Centre

PESHAWAR: A grand Loya Jirga of tribal elders on Saturday agreed to form a smaller representative jirga to negotiate with the federal government and other stakeholders regarding the demands of people in K-P’s merged districts. Khyber-Pakhtunkhwa (K-P) Chief Minister Sohail Afridi, who chaired the tribal meeting, later announced that they might march on Islamabad if…

Read More

Energy shock revives solar, EV push

ISLAMABAD: As tensions around the Strait of Hormuz fuel inflation and energy insecurity, Pakistan is once again confronting a familiar challenge: how to shield its economy from imported energy shocks. “When petrol becomes expensive, everything becomes expensive,” said Jabbar Khan, a father of nine. According to the Pakistan Bureau of Statistics (PBS), Pakistan’s headline inflation…

Read More

Per capita income climbs to $1,901

ISLAMABAD: Pakistan’s economy grew 3.7% in the outgoing fiscal year, missing the annual target and dashing hopes of higher growth due to slowing wheels of the industry and construction sectors, which has contributed to higher unemployment in the country. The 3.7% growth rate was pulled by the services sector, followed by 3.5% growth in the…

Read More