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US imposes tariffs and price floors on Chinese-dominated polysilicon supply chain

US President Donald Trump has signed a executive proclamation under Section 232 of the Trade Expansion Act of 1962, introducing a 15 per cent tariff and minimum import price floors on products made from polysilicon.

The critical raw material forms the foundational supply chain for both semiconductor chips and solar panels, a sector currently dominated by Chinese manufacturing.

The executive action establishes clear import price thresholds across key processing stages. Under the new policy, raw polysilicon is set at a minimum price floor of $21 per kilogram, while polysilicon ingots and wafers are capped at a floor of $100 per kilogram. Solar cells face a minimum price of $0.22 per watt, and finished solar modules or panels carry a minimum threshold of $0.38 per watt.

The order also directs the Commerce Department to establish targeted incentive programs for domestic companies investing in polysilicon production facilities.

While semiconductor manufacturing accounts for roughly 2.4 per cent of global polysilicon demand, the material’s economic viability depends directly on the volume scale maintained by solar manufacturing.

US solar manufacturers and polysilicon producers, including Corning, Hemlock Semiconductor, Wacker Chemie, First Solar, and Qcells, welcomed the strategic protections as essential for safeguarding domestic supply chains necessary for advanced computing and renewable energy.

The new trade protections take effect on 4 December 2026, granting buyers a four-month window to adjust existing supply contracts before the higher price thresholds apply.

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    LHC sets judges’ schedule from August 10

    The Lahore High Court (LHC) has issued the judges’ roster for the sixth week of its summer vacation. The new roster will come into effect from August 10. It will cover proceedings at the principal seat in Lahore and the court’s regional benches. According to the roster, two division benches at the Lahore Principal Seat will hear appeals from Monday. Four judges will also work as single benches and hear cases of different categories. A two-member division bench headed by Chief Justice Aalia Neelum will hear appeals of all types. Another two-member division bench headed by Justice Sadiq Mahmood Khurram will also hear appeals in different categories. Chief Justice Aalia Neelum will also hear petitions as a single bench. She will deal with applications and petitions of various kinds during the week. Justice Shahid Karim will hear civil matters. Justice Sadiq Mahmood Khurram will deal with criminal petitions. Justice Syed Ahsan Raza Kazmi will hear civil petitions of different categories. The arrangement has been made to ensure that important cases continue to be heard during the summer recess. The roster also includes arrangements for the LHC’s regional benches. Justice Ahmad Nadeem Arshad will hear cases as a single bench at the Bahawalpur Bench. Justice Khalid Ishaq will perform the same role at the Multan Bench. At the Rawalpindi Bench, Justice Sadaqat Ali Khan will hear cases as a single bench. The issuance of the roster will allow the high court to continue judicial proceedings during the sixth week of summer vacations. The scheduled benches will hear appeals, petitions and other cases according to their assigned jurisdictions.

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    The Legend of Maula Jatt’ bags two honours in China

    HARBIN: Pakistani blockbuster The Legend of Maula Jatt has secured two awards at the 7th Jackie Chan International Action Film Week in Harbin, China. The film, directed by Bilal Lashari, received the Special Jury Award and the Best Art Direction honour at the festival’s closing ceremony on August 11. Lashari shared the achievement on social media and described the recognition as a particularly special moment because he grew up watching Jackie Chan’s action films. The award ceremony was held outdoors in Harbin. Rain continued during much of the event, creating an unusual setting for the celebrations. Lashari said receiving the awards on a stage associated with Jackie Chan was an experience he had never imagined when he began working on the film. The filmmaker also spoke about meeting the legendary Chinese actor and action star in person. He said Chan had influenced his interest in action cinema and that representing Pakistan at an event carrying Chan’s name made the occasion even more meaningful. Lashari said action films have a unique ability to connect audiences from different countries. He noted that the genre can communicate emotion and excitement across language barriers. The Best Art Direction award was dedicated by Lashari to production designers Namsa Abbasi and Hamza Bajwa. He praised their work in creating the film’s distinctive visual world. According to Lashari, their contribution went beyond designing sets and helped establish the atmosphere and identity of the entire film. He also acknowledged producer Ammara Hikmat, who could not attend the ceremony in Harbin. Lashari said the team felt her absence during the celebrations. The director thanked the cast and crew for their contribution to the film’s success. He also dedicated the achievement to Pakistani audiences for their continued support. The Legend of Maula Jatt has become one of Pakistan’s most successful films internationally. Its latest recognition adds another major achievement to the movie’s growing list of international honours

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    Independence day celebrations continue across Balo…

      QUETTA: Independence Day celebrations continued across different parts of Balochistan as people from various communities came together to mark the country’s Independence Day with enthusiasm and national spirit. A number of rallies and public events were organised at different locations across the province, attracting large participation from citizens. People from different backgrounds joined the celebrations to express their love for Pakistan and reaffirm their commitment to national unity. Rallies were organised in Turbat, Kharan, Taftan and several other areas of Balochistan. The processions were decorated with Pakistani national flags, while participants carried flags and displayed them on vehicles and along the routes of the rallies. The celebrations reflected a strong sense of national pride, with citizens participating in activities designed to mark the significance of Independence Day. Participants raised slogans in support of Pakistan and expressed their commitment to the country’s peace, stability and development. In Turbat, residents took part in an Independence Day rally, with people gathering in different parts of the city before joining the procession. National flags were prominently displayed, creating a festive atmosphere across the area. Similar celebrations were also held in Kharan, where citizens participated in a rally to commemorate the occasion. Participants carried national flags and expressed their solidarity with the country. Families, young people and other members of the community took part in the celebrations. In Taftan and surrounding areas, Independence Day activities also continued throughout the day. National flags were displayed at public places, vehicles and buildings, while residents participated in rallies and other activities organised to mark the national occasion. The rallies provided an opportunity for citizens to express national unity and remember the historical significance of Pakistan’s independence. Participants highlighted the importance of maintaining unity, harmony and cooperation among people from different communities and regions. Independence Day is observed across Pakistan every year on August 14 to commemorate the country’s independence in 1947. The occasion is traditionally marked by flag-hoisting ceremonies, rallies, public gatherings and cultural activities. Across Balochistan, citizens used the occasion to celebrate the country’s independence while also expressing hopes for peace and prosperity. The widespread display of national flags added to the festive atmosphere, while the participation of people in different cities demonstrated their enthusiasm for the national event. Local communities also used the celebrations to promote messages of unity and collective responsibility. Speakers and participants at various gatherings stressed that national development requires cooperation and active participation from citizens. The celebrations in Balochistan were part of nationwide Independence Day activities taking place across Pakistan. From major cities to smaller towns and remote areas, people organised events to commemorate the country’s independence and celebrate their national identity. The rallies in Turbat, Kharan, Taftan and other parts of the province brought together citizens who wanted to mark the occasion collectively. The participants’ display of national flags and expressions of solidarity reflected the importance attached to Independence Day across the province. As the celebrations continue, various parts of Balochistan remain decorated with national flags and other Independence Day decorations. Citizens are expected to continue participating in events throughout the day, with celebrations aimed at highlighting national unity, patriotism and hopes for a peaceful and prosperous Pakistan.

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    FPCCI seeks industry consultation before revision of incremental power package

    ISLAMABAD: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has called on the National Electric Power Regulatory Authority (Nepra) to consult industry representatives before making any changes to the Incremental Package for industrial electricity consumers. The business community has warned that revising the package without taking major industrial stakeholders into confidence could create market distortions, undermine the intended benefits of the scheme and potentially transfer additional costs to industries that do not qualify for incremental consumption incentives. In post-hearing comments submitted to Nepra on August 12, 2026, FPCCI said the regulator had already directed that the proposed changes to the Incremental Package should first be presented to and discussed with industry representatives before being brought back for approval. The federation welcomed the direction, describing meaningful stakeholder participation as essential for developing a workable electricity pricing mechanism for industrial consumers. FPCCI highlights delayed review FPCCI also raised concerns over the failure to conduct the package’s scheduled quarterly review. According to the federation, the Incremental Package was specifically designed to undergo a review every three months. However, no review had been conducted for approximately eight months. The federation said the prolonged delay had created uncertainty for industrial consumers and prevented the timely identification and correction of issues within the package. FPCCI urged Nepra to immediately carry out the overdue review and ensure that the quarterly review mechanism is followed consistently in the future. The federation argued that regular reviews were particularly important because industrial electricity consumption, production conditions and operating costs can change significantly over time. Major industry bodies seek participation FPCCI requested Nepra to formally engage leading industry organisations before the next hearing on the proposed revision. The organisations named by the federation include the Karachi Chamber of Commerce and Industry (KCCI), Korangi Association of Trade and Industry (KATI), All Pakistan Textile Mills Association (APTMA), as well as other major chambers and industrial associations. FPCCI said the participation of these organisations would allow the regulator to understand the practical challenges faced by different categories of industrial consumers. It stressed that the revised package should be based on actual industrial requirements and should not discriminate against existing consumers who are unable to qualify as incremental users. Warning against cost shifting The federation expressed concern that changes to the package could result in an unintended transfer of costs to non-incremental industrial units. FPCCI said any revised mechanism should ensure that incentives provided to additional electricity consumption do not create a financial burden for other consumers. It also called for clear safeguards to ensure that only genuine incremental electricity consumers receive the benefits of the package. According to the federation, the regulator should introduce mechanisms capable of preventing existing consumption from being presented as new or incremental demand merely to obtain preferential electricity rates. FPCCI maintained that a transparent verification system would be necessary to protect the integrity of the package and prevent potential misuse. Requests submitted to Nepra In its submission, FPCCI made a series of requests to the power regulator. The federation asked Nepra to formally consult FPCCI, KCCI, KATI, APTMA and other major industry bodies before the next hearing. It also requested the authority to provide sufficient advance notice of the date and time of any consultation, along with an online meeting link, so that FPCCI could coordinate participation by relevant chambers, associations and industrial representatives. The federation further sought a formal opportunity to present detailed recommendations on the proposed redesign of the Incremental Package. It called for safeguards restricting benefits to genuine incremental units and urged Nepra to immediately conduct the quarterly review that has remained pending for the past eight months. FPCCI also proposed making consultation with major industrial chambers and associations mandatory before any future revision or review of the Incremental Package or similar electricity pricing schemes. Invitation to power-sector institutions In a further effort to promote direct dialogue, FPCCI invited Nepra, the Power Planning and Monitoring Company (PPMC) and the Central Power Purchasing Agency-Guaranteed (CPPA-G) to visit its head office in Karachi. The federation proposed holding detailed discussions with the relevant institutions in the presence of industry representatives. FPCCI said direct engagement would provide an opportunity for all stakeholders to examine the existing mechanism, identify practical shortcomings and develop solutions based on actual operating conditions in the industrial sector. It maintained that consultation could help bridge the gap between regulatory objectives and the realities faced by industrial consumers. Industry seeks predictable power policy The dispute over the Incremental Package comes amid continued concerns among industrial consumers over electricity costs, competitiveness and the predictability of power-sector policies. For export-oriented and energy-intensive industries, electricity pricing is a major component of production costs. Business representatives have therefore repeatedly called for stable and transparent tariff mechanisms that allow companies to plan production and investment decisions. FPCCI said any changes to the Incremental Package should balance the objective of increasing electricity consumption with the need to maintain fairness among different categories of industrial consumers. The federation believes that a properly designed package, supported by regular reviews and meaningful industry consultation, could encourage additional industrial electricity consumption without imposing unintended costs on existing consumers.

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    Pakistan, Iran agree to boost bilateral trade to $10 billion

    ISLAMABAD: Pakistan and Iran have reaffirmed their commitment to significantly strengthen economic cooperation by increasing bilateral trade to $10 billion and accelerating efforts to finalize a long-awaited Free Trade Agreement (FTA). The understanding was reached during the 10th meeting of the Pakistan-Iran Joint Trade Committee, held in Islamabad on Tuesday. The session was jointly chaired by Federal Minister for Commerce Jam Kamal Khan and Iranian Minister for Industry, Mine and Trade Dr. Mohammad Atabak, with senior officials from both countries participating in discussions aimed at expanding trade and investment ties. During the meeting, both sides reviewed the current state of bilateral trade and explored practical measures to unlock its full potential. The two countries agreed that stronger economic integration, improved connectivity, and enhanced cross-border cooperation are essential for achieving the ambitious trade target of $10 billion. Speaking on the occasion, Commerce Minister Jam Kamal said Pakistan and Iran enjoy longstanding historical, cultural, and religious ties, but stressed that these relations should now be translated into a robust economic partnership. He emphasized that expanding trade and investment would bring mutual economic benefits and contribute to regional prosperity. The minister underscored the importance of completing the Pakistan-Iran Free Trade Agreement at the earliest opportunity, describing it as a key step toward facilitating commerce between the neighboring countries. He also called for the removal of bottlenecks affecting border logistics, customs procedures, and cargo movement to ensure smoother and faster trade flows. Jam Kamal noted that bilateral trade could be further enhanced through the development of joint border markets, greater use of electronic data interchange systems, and closer coordination between relevant government agencies. He said modernizing trade infrastructure and simplifying customs procedures would help businesses on both sides benefit from increased commercial activity. The Joint Trade Committee also agreed to formulate a practical roadmap aimed at strengthening economic cooperation across multiple sectors. The roadmap will focus on trade facilitation, infrastructure development, logistics, and investment opportunities while encouraging closer collaboration between the public and private sectors. Iranian Minister Dr. Mohammad Atabak described Pakistan as one of Iran’s key long-term strategic trade partners and expressed confidence that bilateral economic relations could expand considerably in the coming years. He highlighted the importance of increasing regional trade and logistics cooperation, particularly by utilizing Pakistan’s Karachi and Gwadar ports to improve connectivity and facilitate the movement of goods. Dr. Atabak also voiced optimism about the early conclusion of the Pakistan-Iran Free Trade Agreement, saying it would create new opportunities for businesses in both countries. He added that cooperation in electricity trade, transport networks, and regional connectivity projects could open new avenues for economic growth and strengthen commercial links across the region.

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    Eight bodies recovered after Broad Peak avalanche

    Rescue teams have recovered the bodies of eight mountaineers following the devastating avalanche on Broad Peak, while the search continues for two missing climbers. Another victim has been identified, but the body remains trapped in an area that rescuers have so far been unable to reach. Speaking to the media, the President of the Alpine Club of Pakistan described the incident as one of the deadliest accidents in the history of Broad Peak. He said a total of 11 climbers are believed to have been caught in the avalanche, triggering a large-scale rescue operation. He said the first phase of the operation began immediately after the incident. On the opening day, rescuers recovered the bodies of two climbers and also found partial human remains believed to belong to another victim. According to the Alpine Club, the first two recovered victims were a Nepalese mountaineer and a female climber from Oman. Rescue operations were carried out under extremely difficult weather and terrain conditions at high altitude. The Pakistan Army assisted the mission by providing helicopters to transport rescue teams and airlift the recovered bodies from the remote mountain. The aerial support played a key role in speeding up the recovery process. The Alpine Club president said that during the latest phase of the operation, the bodies of four Nepalese climbers and one Chinese mountaineer were successfully recovered and transported from the mountain. He added that rescuers have also identified another climber’s body. However, it is located in an inaccessible area, making immediate recovery impossible because of dangerous terrain and the continued risk of avalanches. Search teams are still looking for the remaining two missing climbers. Rescue officials said every effort is being made to locate them despite severe weather, snow-covered slopes and difficult mountain conditions. The tragedy has shocked Pakistan’s mountaineering community and highlighted the dangers faced by climbers attempting to scale some of the world’s highest peaks. Broad Peak, located in the Karakoram mountain range, is one of Pakistan’s tallest mountains and attracts climbers from around the world each year.

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