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India likely to postpone raising tariffs on US goods

NEW DELHI: India plans to delay the imposition of retaliatory duties on US goods, the trade ministry said on Thursday, to allow time to resolve disputes that worsened after President Donald Trump imposed tariff hikes on steel and aluminium. In June, New Delhi, incensed by Washington’s refusal to exempt it from these new tariffs, announced it would raise import tax on some US products including almonds, walnuts and apples. An Indian commerce ministry spokesman said the government proposed to put the new tariffs, which…

Britain says likely that Russia’s Putin made decision for nerve agent attack

LONDON: British Foreign Secretary Boris Johnson said on Friday that it was overwhelmingly likely that Russian President Vladimir Putin himself made the decision to use a military-grade nerve toxin to strike down a former Russian agent on English soil. “We have nothing against the Russians themselves. There is to be no Russophobia as a result of what is happening,” Johnson told reporters at the Battle of Britain bunker from which World War Two fighter operations were controlled. “Our quarrel is with Putin’s Kremlin, and…

Zafar Abdullah likely to be appointed as acting chairman SECP

KARACHI: Zafar Abdullah is likely to be appointed as acting chairman Securities & Exchange Commission of Pakistan (SECP), after SECP chairman Zafar Hijazi was remanded on Saturday in the custody of Federal Investigation Agency (FIA) for fours days, ARY News reported. Hijazi was arrested for interrogation with regard to his suspected involvement in altering financial record of the Sharif family’s companies after Special Judge Central Tahir Mehmood refused his plea for bail extension in a case pertaining to record…

Malaysia jet passengers likely suffocated, Australia says

SYDNEY: The passengers and crew of the missing Malaysia Airlines Flight MH370 most likely died from suffocation and coasted lifelessly into the ocean on autopilot, a new report released by Australian officials on Thursday said. In a 55-page report, the Australian Transport Safety Board outlined how investigators had arrived at this conclusion after comparing the conditions on the flight with previous disasters, although it contained no new evidence from within the jetliner. The report narrowed down the possible final…

Petrol prices likely to increase in July

ISLAMABAD: The government is likely to increase prices of petrol from July 1, while rates of other petroleum products are likely to go down, ARY News reported Friday. Sources told that an increase of Rs 1.88 will be made in petrol prices. It is expected that prices of High Speed Diesel and Light Diesel will be slashed by Rs 2 and Rs 2.10, respectively. Price of kerosene oil is also likely to be slashed by Rs 1.68 and high octane diesel Rs 2.45. Oil and Gas Regulatory Authority will dispatch a summary in this regard to…