Tag: US

International

In rebellion against Democrats’ elite-led agenda, Donald Trump’s base stands firm

August 20, 2023

New York: He has been indicted four times, but former US President Donald Trump’s support within his Republican Party and ...

Man goes out for drinks with friends, found dead

International

Indian couple, son found dead in US; police suspect double suicide-murder

August 20, 2023

New York: An Indian couple and their six-year-old child have been found dead in the US state of Maryland in ...

Japan's Fukushima nuclear plant begins releasing treated radioactive wastewater into Pacific Ocean

International

Japan’s Kishida visits Fukushima plant to highlight safety before start of treated water release

August 20, 2023

Tokyo: Japanese Prime Minister Fumio Kishida visited the tsunami-wrecked Fukushima nuclear plant Sunday and said an impending release of treated ...

International

US, Japan, Australia plan joint navy drills in disputed South China Sea: Philippine official

August 20, 2023

Manila: The United States, Japan and Australia are planning a joint navy drill in the South China Sea off the ...

Tanker believed to hold sanctioned Iran oil begins to be offloaded near Texas despite Tehran threats

International

Tanker believed to hold sanctioned Iran oil begins offloading near Texas despite Tehran threats

August 20, 2023

Dubai: An American-owned oil tanker long suspected of carrying sanctioned Iranian crude oil began offloading its cargo near Texas late ...

Home News

Death toll from Hawaii wildfires reach 114; search for victims continues

August 19, 2023

Honolulu: The death toll from the wildfires in Hawaii's Maui island, deemed to be the deadliest in modern US history, ...

International

Imran Khan booked under Official Secrets Act in cipher case: Report

August 18, 2023

Islamabad: In yet another blow to Imran Khan, the jailed former prime minister of Pakistan has been booked under the ...

International

Intel calls off $ 5.4b Tower deal after failing to obtain regulatory approvals

August 16, 2023

Hong Kong: Intel will terminate a $ 5.4 billion deal to acquire Israeli chip manufacturer Tower Semiconductor after China failed ...

International

US Congressional delegation meets EAM S Jaishankar

August 16, 2023

New Delhi: A US Congressional delegation Wednesday met External Affairs Minister S Jaishankar and discussed ways to further expand India-US ...

Smuggling of US dollars to Afghanistan hurting Pakistan's economy Karachi: The Pakistani currency is under pressure owing to the ongoing political unrest in the country and the smuggling of US dollars to Afghanistan, media reports said on Tuesday. "Pakistan is currently dealing with problems on several fronts, the political crisis being the first and biggest one. The dollar crisis is also connected with it," Malik Bostan, the Chairman of the Exchange Companies Association of Pakistan (ECAP), said at a news conference, The News reported. About $2 billion goes to Afghanistan from Pakistan in the form of official and unofficial trade, misuse of Afghan transit trade, smuggling and through the borders, claimed Bostan, adding that these factors are burdening Pakistan's foreign exchange reserves. Currently, Pakistan's economy is suffering irreparable harm because of the Afghan transit trade, which has grown significantly. A significant portion of the dollars travelling from Pakistan to Afghanistan passes through the Afghan transit trade, and both Afghan and Pakistani traders are involved in this anti-national activity, he added, The News reported. To lower the import bill, the government imposed high duties on many luxury goods. "Our traders and importers thought that why should they pay a 200 per cent duty to the Pakistani government," Bostan said, adding that they operate a global network, accepting payments through hundi/hawala in Dubai, London, Europe, America, Saudi Arabia, and everywhere else. "They bring their items here in the name of Afghan transit, travelling from our port to Afghanistan and then returning to Pakistan in small trucks. Numerous importers from Pakistan who participate in this atrocious practice not only fail to pay import duties, which costs the national exchequer billions of rupees, but also prevent dollars from entering the country," he said. When the Afghan Taliban established a transition government in August 2021, the Pakistani rupee was trading at 155, the country's foreign exchange reserves were $22 billion, and its import bill was $4.5 billion. According to Bostan, today the rupee has fallen to almost 225 in the interbank market and 235 per dollar in the free market, The News reported. He claimed that every month, about $3 billion in remittances were sent to Pakistan. The remittance flows have now decreased to $2 billion. "Where does this monthly $1 billion go? Because we are paying remittances at 225 rupees for every dollar, this $1 billion per month has become the sight of Afghan transit. The hawala/hundi operators are giving those 270 for every dollar," Bostan said. IANS Pakistan, Afghanistan, economy

International

Pakistan Rupee continues free fall, depreciates 1.16 per cent against US dollar in interbank & open market

August 16, 2023

Karachi: The Pakistani currency depreciated by 1.16 per cent against the US dollar in both interbank and open markets, continuing ...

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Editorial

Bloodline

July 8, 2025

The coming together of the Thackeray cousins – Raj Thackeray, chief of the Maharashtra Navnirman Sena (MNS) and Shiv Sena...

July 7, 2025

Deputy Chief of Army Staff Lieutenant General Rahul R Singh’s candid revelations about Operation Sindoor at a FICCI event ‘New...

July 6, 2025

The BJP’s constitution (Article 3) says, “Integral Humanism shall be the philosophy of the party.” The party’s membership form has...

July 5, 2025

India’s espionage architecture is quietly shifting. The appointment of Parag Jain as the new chief of RAW comes at a...

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