Oil prices rise for 4th day as US strikes on Iran raise fears of wider conflict
Oil prices rose for a fourth straight day on Thursday after a new wave of US strikes on Iranian military installations fuelled fears of renewed full-scale conflict and supply disruptions in the Strait of Hormuz. Brent crude futures climbed 33 cents, or 0.4%, to $85.28 a barrel by 0026 GMT, while US West Texas Intermediate […]
FO says Pakistan encouraging US, Iran to resume talks
ISLAMABAD: Foreign Office spokesperson Tahir Hussain Andrabi said on Thursday that Pakistan would encourage the United States and Iran to stop violence and resume talks under the Islamabad Memorandum of Understanding (MoU) — it helped mediate last month. “While the implementation of the MoU is facing challenges, Pakistan will continue to encourage all sides to […]
Dar calls for enhanced Pakistan-Nepal cooperation
ISLAMABAD : Deputy Prime Minister Ishaq Dar on Wednesday called for enhanced bilateral cooperation between Pakistan and Nepal across multiple sectors, including trade, tourism, and education. The deputy prime minister made these remarks during a meeting with Pakistan’s Ambassador-designate to Nepal, Aamir Khan, who called on him in Islamabad, according to Radio Pakistan. Dar congratulated the […]
Rising temperatures raise GLOF risk in northern Pakistan, PMD issues alert
The Pakistan Meteorological Department’s (PMD) Glacier Lake Monitoring Cell on Tuesday released its latest minimum temperature report, warning that rising temperatures in the country’s northern glacial regions continue to increase the risk of Glacial Lake Outburst Floods (GLOFs). According to the PMD, minimum temperatures increased across most glaciated areas of Gilgit-Baltistan and Khyber Pakhtunkhwa over […]
Pakistan strongly condemns attacks on Saudi Arabia, reaffirms support for KSA
Prime Minister Shehbaz Sharif on Tuesday strongly condemned the blatant attacks carried out against Saudi Arabia last night as a violation of its “sovereignty and territorial integrity” and reiterated Islamabad’s “unwavering support” for the Kingdom’s security. The prime minister made the remarks in a X post, a day after Saudi Arabia said that its coalition […]
Trump resumes Iran port blockade and threatens strikes on energy targets
CAIRO/DUBAI/WASHINGTON: President Donald Trump on Tuesday reimposed a naval blockade of all Iranian ports and threatened to hit power plants and bridges next week unless Tehran resumes negotiations, in the latest US escalation of the conflict. The US also began a fresh round of strikes “to continue degrading Iranian capabilities used to attack commercial shipping […]
CDF Munir discusses regional security with Turkish civil-military leadership in Ankara
Chief of Defence Forces (CDF) and Chief of Army Staff (COAS) Field Marshal Syed Asim Munir met Turkish President Recep Tayyip Erdogan to discuss regional security and matters of mutual interest, the Inter-Services Public Relations (ISPR) said on Tuesday. CDF Munir is currently on a high-level official visit to Turkiye to enhance the deep-rooted strategic […]
FBR issues fixed tax scheme draft for small shopkeepers
ISLAMABAD: The Federal Board of Revenue (FBR) has issued a draft special procedure for small shopkeepers, proposing a fixed tax scheme at 1% of gross annual turnover with a minimum payment of Rs25,000, aimed at bringing more than three million retailers into the tax net during the current fiscal year, The News reported. According to Statutory Regulatory […]
Oil prices rise as hostilities worsen in the Middle East
Oil extended gains on Wednesday as President Donald Trump reimposed a naval blockade on all Iranian ports and Tehran launched strikes on US infrastructure in the region. Brent futures climbed 99 cents, or 1.2%, to $85.72 a barrel at 0400 GMT. West Texas Intermediate futures gained 64 cents, or 0.8%, to $79.98 a barrel. Oil […]
Govt eyes introducing daily fuel price adjustment mechanism
ISLAMABAD: The government is considering a proposal to revise petroleum product prices on a daily basis, significantly reducing its role in the fuel pricing process, The News reported, citing a senior official of the Petroleum Division. Under the proposed system, the Oil and Gas Regulatory Authority (Ogra) would be solely responsible for determining the prices of motor […]