897 billion – SindhTribune.com

Pakistan’s circular debt rises to Rs2,897 billion

September 5, 2024

Demise of ‘de minimis’ sparks China-to-US airfreight cancellations
NEW YORK — Airfreight groups and airlines have begun canceling flights from China to the U.S., expecting business to drop off with the end of the American “de minimis” exemption that gave duty-free treatment to low-value parcel shipments from mainland China and Hong Kong. “There are already reports of freighter flight cancellations, and carriers will…
Former aide who refuted Trump’s false 2020 election claims is under federal investigation
A former senior cybersecurity official who refuted President Donald Trump’s lies that the 2020 election was “rigged” is under federal investigation, according to a Department of Homeland Security spokesperson. Chris Krebs is facing an unspecified government investigation, the DHS spokesperson said. As a result, Krebs was expelled from a U.S. customs program that allows expedited…
Australia kicks off pivotal election: 5 things to know
Australia kicks off pivotal election: 5 things to know
Trump administration asks Supreme Court to grant DOGE access to Social Security data
The Trump administration has asked the Supreme Court to pause a lower court’s order restricting affiliates of Elon Musk’s Department of Government Efficiency from accessing sensitive Social Security Administration data, arguing in a Friday filing that the judicial order limits President Donald Trump’s executive authority. “This emergency application presents a now-familiar theme,” Solicitor General D.…
California’s Newsom offers ‘open hand’ to China amid Trump trade war
NEW YORK — California remains open to Chinese trade as President Donald Trump’s 145% tariff on Beijing threatens the largest state economy in the U.S, Gov. Gavin Newsom said in an online interview with Nikkei Asia on Friday. Newsom said that while the California government has not had any direct high-level conversations with Beijing, the…
Private organizations step up to do science that was cut back by the Trump administration
After the Trump administration dismissed hundreds of authors working on the next National Climate Assessment, two science societies announced an effort to publish a special collection of climate change research in its stead. The Trump administration notified researchers earlier this week that their work was no longer needed on the National Climate Assessment, a congressionally…
U.S. Army is planning a parade for its annivers — and Trump’s birthday
WASHINGTON — President Donald Trump might finally get his parade. The U.S. Army is planning a big celebration to recognize not only the 250th annivers of its founding, but also President Trump’s 79th birthday, both of which fall on June 14. That celebration will potentially bring tanks and hundreds of other milit vehicles and aircraft onto and over the streets of…
Chinese automakers reach crossroads after conquering export markets
HONG KONG — Facing a surge of Chinese imports driving up its trade deficit, Turkey last June announced a 40% supplement tariff on new vehicles coming from China. A month later, BYD, China’s biggest maker of electric and hybrid vehicles, announced it would build a $1 billion factory in Turkey, with production to begin by…
Trump administration settles with Maine over funding freeze after dispute over trans athletes
PORTLAND, Maine — President Donald Trump’s administration on Friday agreed to halt all efforts to freeze funds intended for a Maine child nutrition program after initially suspending those dollars due to a disagreement between the state and Trump over transgender athletes. In response, the state will drop its lawsuit that had been filed against the…