NATO chief says US attacks on Iran ‘absolutely necessary’
ANKARA: NATO Secretary General Mark Rutte has defended fresh US military strikes on Iran as essential to upholding a fragile ceasefire, amid escalating tensions in the Gulf that have already disrupted oil tanker traffic in the Strait of Hormuz. The United States launched a new wave of attacks against Iranian targets on Tuesday and revoked […]
Oil rises as US strikes on Iran raise fears over shaky truce
Oil prices gained more than 2% on Wednesday after the US military launched airstrikes against Iran and reimposed crude sales sanctions, raising fears their fragile truce was unravelling and Middle East supplies could be disrupted again. Brent crude futures gained $1.92, or 2.6%, at $76.08 a barrel at 0400 GMT. US West Texas Intermediate crude […]
US launches new strikes on Iran after reinstating oil sanctions over shipping attacks
The US military unleashed a new wave of strikes against Iran on Tuesday and revoked a license allowing the country to sell oil after three tankers were hit by projectiles in the Strait of Hormuz, putting pressure on an already fragile ceasefire. After a day in which huge crowds mourned Iran’s martyred Supreme Leader Ayatollah […]
“Any Attempt to Deny Pakistan’s Water Rights Will Be Considered Act of War” Barrister Danyal Chaudhry
Rawalpindi – Parliamentary Secretary for Information and Broadcasting, Barrister Danyal Chaudhry, on Tuesday reaffirmed Pakistan’s unwavering commitment to safeguarding its water rights, national sovereignty, and territorial integrity, warning that any attempt by India to deprive Pakistan of its lawful share under the Indus Waters Treaty (IWT) would be considered an “act of war.” In a […]
PM Shehbaz directs easier SME financing to boost exports
ISLAMABAD: Prime Minister Shehbaz Sharif on Tuesday directed the relevant authorities to improve small and medium-sized enterprises’ (SMEs) access to financing, saying the sector was vital for increasing Pakistan’s exports and strengthening economic growth. Chairing a review meeting on the performance of the Small and Medium Enterprises Development Authority (SMEDA), the prime minister instructed officials […]
Oil prices gain as focus shifts to supply recovery and demand
Oil prices edged higher on Tuesday, though gains were capped as traders looked beyond easing geopolitical tensions in the Middle East and turned their attention to supply increases and demand prospects. Brent crude futures gained 38 cents, or 0.5%, to $72.37 a barrel, while US West Texas Intermediate crude rose 30 cents, or 0.4%, to […]
NAB may prevent closure of many graft cases
ISLAMABAD: The National Accountability Bureau (NAB) is considering an innovative legal interpretation aimed at preventing the closure of a large number of corruption cases that may otherwise fall outside its jurisdiction because of the inflation-linked increase in the bureau’s financial threshold. Well-placed sources told The News that a proposal is under consideration within NAB and is expected […]
Govt keeps gas prices unchanged despite Ogra reduction
ISLAMABAD: Consumers will not receive lower gas tariffs in FY2026-27 after the federal government decided to retain existing rates despite the Oil and Gas Regulatory Authority (Ogra) reducing prescribed prices for Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company (SSGC), The News reported, citing senior officials. The government has formally informed the International Monetary […]
9 cops martyred, 5 abducted in attack on police checkpoint in Ziarat
Quitta: Nine police personnel were martyred, and five others were abducted after armed assailants attacked their checkpoint in Balochistan’s Ziarat district late on Monday, police said. Ziarat Superintendent of Police (SP) Abdul Qudoos said the attackers stormed the police post in Mangi area of the district, triggering a gun battle in which nine police personnel […]
Iran fires missiles at commercial ships in Strait of Hormuz: report
Iran’s Revolutionary Guards fired at least two missiles at commercial ships transiting through the Strait of Hormuz on Monday night, Axios reported, citing two US officials. Two commercial ships suffered significant damage but had no casualties, the report said, citing a US official. Separately, Britain’s maritime security agency said a tanker caught fire after being hit by […]