1. Move or copy .pst folder to \local\path
2. Setup new email address from within Outlook (File → Account Settings) and select the .pst file when setting up the email manually
3. Do not use the \default\path (which is My Documents\Outlook Files) as \local\path, as you might run into unknown errors if doing so

Incoming Mail (POP) Server - Requires SSL

  Server - pop.mail.yahoo.com
  Port - 995
  Requires SSL - Yes

Outgoing Mail (SMTP) Server - Requires TLS

  Server - smtp.mail.yahoo.com
  Port - 465 or 587
  Requires SSL - Yes
  Requires authentication - Yes

If your POP client doesn't offer TLS, you'll still be able to use SSL.

Login info - Requires authentication

  Email address - Your full email address (name@domain.com.)
  Password - Your account's password.