Global prices rise on weaker dollar, easing geopolitical risks amid potential Iran deal KARACHI: Gold prices in Pakistan fell on Friday, tracking a divergence from the international market where bullion extended gains on the back of a weaker dollar and easing geopolitical risks after signals of a potential Iran deal. In the local market, the…
Syzran, Novokuibyshevsk refineries came under the strikes, Kyiv’s drone forces commander said Ukrainian forces overnight struck two oil refineries in Russia’s Samara region and Vysotsk port, which houses a Lukoil terminal, as well as an oil depot in Russia-occupied Crimea, Kyiv’s drone forces commander said. The Syzran and Novokuibyshevsk refineries came under the strikes, Robert…
LAHORE: The Hajj operation 2026 began on Saturday as the first flight carrying 160 pilgrims departed from Jinnah International Airport Karachi under the Road to Makkah initiative, state broadcaster Pakistan Television reported. The Sindh Governor, Nehal Hashmi, along with other dignitaries, attended the ceremony and saw off the Hajj pilgrims, saying that those given the…
A worker walks past inside the Asian Development Bank (ADB) headquarters in Manila. Photo: Reuters/ File ISLAMABAD: Pakistan on Friday raised a $500 million debt at 7% interest rate by floating Eurobonds and has separately requested the Bank of China to give an extension in submitting an application for its permission to float $250 million…
Says ‘It is not just inflation, but impacts on growth, exports, remittances and investment flows’ Finance Minister Muhammad Aurangzeb in an interview at the World Bank Spring Meetings 2026 with China Global Television Network’s program “The Heat”. PHOTO: SCREENGRAB Finance Minister Aurangzeb on Saturday said Pakistan’s economy remained stable amid rising global uncertainty triggered by the…
In this file photo, a JF-17 Thunder fighter jet of the Pakistan Air Force takes off from Mushaf base in Sargodha, north Pakistan, on June 7, 2013. PHOTO: REUTERS ISLAMABAD: Pakistan Air Force escorted Iranian negotiators home from inconclusive peace talks with the US last weekend, launching a major operation after the Iranians said Israel…
Kerosene oil. SINGAPORE/ ISLAMABAD: Pakistani-flagged tanker Shalamar has exited the Gulf via the Strait of Hormuz carrying crude loaded from the United Arab Emirates, shipping data from Kpler and LSEG showed. The Aframax tanker exited the waterway on Thursday laden with about 440,000 barrels of Abu Dhabi’s Das Blend crude loaded earlier this week, Kpler…
‘Until the United States restores full freedom of navigation for vessels travelling to and from Iran, says IRGC A map showing the Strait of Hormuz, also known as Madiq Hurmuz, and 3D printed oil barrels are seen in this illustration taken March 26, 2026. PHOTO: REUTERS The Iranian Revolutionary Guard Corps (IRGC) has stated on…
The meeting concluded with a mutual resolve to continue close collaboration between the Ministry of Petroleum and OGDC to overcome challenges and capitalise on opportunities within the energy sector. PHOTO: FILE ISLAMABAD: The federal government has collected more than Rs180 billion from the public under the Petroleum Development Levy (PDL) over the past one and…
ISLAMABAD: Eleven climate and clean energy startups have graduated from the inaugural cohort of Climate Innovation Pakistan (CLIP), a joint national platform by Renewables First and New Energy Nexus, according to a statement issued on Friday. The 12-week incubator programme provides capacity building, tailored mentorship, investor access and regulatory guidance. Unlike traditional entrepreneurship programmes, CLIP…