International

Pakistan, Russia to Revive Karachi Steel Mill

By BPN News Desk July 12, 2025

Pakistan and Russia have signed a protocol to revive and expand the Pakistan Steel Mills (PSM) in Karachi, reaffirming their long‑standing industrial partnership. The agreement was inked in Moscow by Pakistan’s Secretary of Industries, Saif Anjum, and Russia’s Vadim Velichko, director of Industrial Engineering LLC, with senior officials from both sides present. Soviet-Era

International

US to Impose 30% Tariffs on EU & Mexico from August 1

By BPN News Desk July 12, 2025

US President Donald Trump has announced a sweeping 30% tariff on all goods imported from the European Union and Mexico, effective August 1. The move is part of his aggressive trade strategy aimed at narrowing the US trade deficit and compelling foreign partners to agree to more favourable terms. Trump’s Justification and Warnings In statements […]

International

Lavrov Meets Kim as North Korea Reaffirms Support for Russia

By BPN News Desk July 12, 2025

Russian Foreign Minister Sergey Lavrov met North Korean leader Kim Jong Un in Wonsan on July 12. During the meeting, North Korea reaffirmed its “unequivocal support” for Russia’s military operation in Ukraine. Strengthened Military Ties Lavrov called their relationship an “invincible fighting brotherhood”, reinforcing the strategic partnership forged during Russian

International

Taiwan Fields US HIMARS Rockets in Annual War Drills

By BPN News Desk July 12, 2025

Taiwan has deployed US-supplied HIMARS rocket systems as part of its annual Han Kuang military exercises, signalling a growing emphasis on advanced artillery and strategic deterrence. The 10-day drills, which began earlier this week, are Taiwan’s largest in recent years and come amid rising tensions with China. HIMARS Deployment Signals Firepower Boost Two HIMARS (High

International

Pentagon Confirms Iranian Missile Strike at U.S. Base in Qatar

By BPN News Desk July 12, 2025

The Pentagon has confirmed that one of the ballistic missiles fired by Iran during its June 23 retaliation strike successfully hit the Al Udeid Air Base in Qatar, a key operational hub for U.S. forces in the Middle East. The missile caused minor structural damage but resulted in no injuries or disruptions to operations. Communication […]

International

India Nears Interim Trade Deal with US Tariffs Below 20%

By BPN News Desk July 12, 2025

India and the US are reportedly close to finalising an interim trade deal that could cap US tariffs on Indian goods below 20%, offering New Delhi a more favourable position compared to other Asian nations facing higher duties. The deal aims to delay or avoid sweeping reciprocal tariffs set to take effect on August 1. […]

International

US Senate Eyes Tariffs on Russian Oil Buyers India & China

By BPN News Desk July 12, 2025

A new bipartisan bill in the US Senate proposes imposing steep tariffs on countries that continue to buy Russian oil, with India and China specifically in focus. The legislation, known as the Sanctioning Russia Act of 2025, aims to reduce Moscow’s energy earnings by penalising major importers. Bill Details and Tariff Rates Under the bill, […]

International

US Tariff Revenue Surges Past $100 Billion This Year

By BPN News Desk July 12, 2025

The United States Treasury has reported a significant jump in customs revenue, with tariff collections crossing $100 billion in the first nine months of the 2025 fiscal year. This surge comes amid continued enforcement of high import duties under President Donald Trump’s trade policy agenda. June Sees Rare Budget Surplus The federal government posted a […]

International

Trump Visits Flood-Hit Texas, Calls Disaster ‘Unprecedented’

By BPN News Desk July 12, 2025

US President Donald Trump and former First Lady Melania Trump visited central Texas on July 11 to assess the widespread destruction caused by severe flash floods in the Hill Country region. The natural disaster, which struck over the July 4 weekend, has so far claimed at least 129 lives and left over 170 people missing, […]

International

Wall Street Slips as Trump Threatens Canada, EU Tariffs

By BPN News Desk July 12, 2025

US stock markets edged lower on Friday after President Donald Trump signaled a possible 35% tariff on Canadian imports and hinted at new duties targeting the European Union. The announcement has sparked fresh concerns over trade tensions among global investors. Indices Retreat from Record Highs The Dow Jones Industrial Average fell by around 0.6%, the […]