Pakistan’s meagre oil reserves don’t match Trump’s ‘massive’ claim

IANS | July 31, 2025 1:37 PM

New Delhi, July 31 (IANS) Even as US President Donald Trump said in a social media post that the US has signed a deal to develop and explore “massive oil reserves” in Pakistan, the ground reality is that the neighbouring nation has very limited oil and gas reserves and meets 85 per cent of its requirement through imports.

Large size of domestic market cushions India against US tariff hikes

IANS | July 30, 2025 7:05 PM

New Delhi, July 30 (IANS) India’s exports could face tariffs of up to 25 per cent if the bilateral trade agreement with the US is not finalised by August 1 but the macroeconomic impact of any hike in tariffs would be cushioned by the large size of the country’s domestic market, according to economists.