NEW YORK: Oil prices fell about 5% to a three-month low on Tuesday as traders hoped the US and Iran would agree to end the war and allow oil to flow through the Strait of Hormuz. Prices, which were already down about 4% Tuesday morning, extended those losses following a Wall Street Journal report that…
Negotiations on final deal start immediately after Swiss signing ceremony and continue during 60-day window Brent futures rose $1.46, or 1.6%, to $91.36 a barrel by 10:38 am EDT, while US West Texas Intermediate (WTI) crude rose $1.45, or 1.7%, to $88.11. PHOTO: REUTERS/FILE The first tankers carrying Iranian oil exited a US blockade in…
Meeting reviews cooperation in counter-terrorism, illegal migration, institutional collaboration, and police training The United Kingdom’s Minister for the Middle East, Afghanistan, and Pakistan, Hamish Falconer meets with Interior Minister Mohsin Naqvi in Islamabad. SCREENGRAB The United Kingdom’s Minister for the Middle East, Afghanistan, and Pakistan, Hamish Falconer, said on Wednesday that the recent US-Iran rapprochement…
LAHORE: Punjab has not introduced any new tax in its budget for fiscal year 2026-27, offering some relief to the province’s cash-strapped residents. However, the government plans to raise the rates of several existing taxes to meet its revenue targets. The proposed Finance Bill 2026 seeks higher rates for token tax, Abyana (water tax) and…
US military’s AI-assisted targeting program is initially powered by Anthropic’s Claude model Elon Musk’s company The company’s current market capitalization is around $1 trillion. Nvidia, currently the world’s most valuable company, is worth around $4 trillion.PHOTO :REUTERS Elon Musk’s artificial intelligence tool Grok was used in strikes against Iran, the United States government revealed in…
Pakistani hostages reports that food supplies and medicines on the ship had run out ISLAMABAD: Law Minister Azam Nazeer Tarar on Tuesday informed the National Assembly that the government was actively working through diplomatic channels to secure the release of 10 Pakistani citizens being held hostage in Somalia. The oil tanker Honour 25, sailing under…
Oil prices inched lower on Wednesday, extending the previous session’s declines as investors assessed the US-Iran peace deal, though uncertainty over the full resumption of shipping through the Strait of Hormuz limited further falls. Brent crude futures dipped 16 cents, or 0.2%, to $78.80 a barrel by 0340 GMT, while US West Texas Intermediate fell 25…
A $300 billion private fund designed to trigger investment into Iran is outlined in the US-Iran framework agreement, and more than half that sum has already been committed, a source with direct knowledge of the deal told Reuters. The fund is designed to give both sides an economic incentive to conclude a final deal to…
Prize is considered oldest, one of most prestigious international honours awarded to lawyer ISLAMABAD: Lawyers Imaan Zainab Mazari and her husband, Hadi Ali Chattha, have been awarded the esteemed Ludovic Trarieux International Human Rights Prize in recognition of their work for human rights and marginalised communities, it emerged on Tuesday. Imaan and Chattha are currently…
LAHORE: The Punjab government has allocated Rs91.9 billion for agriculture in its budget for fiscal year 2026-27, as part of a combined Rs132.54 billion set aside for development and non-development spending on the agriculture, livestock, and fisheries sectors. Government officials describe these sectors as the backbone of the province’s economy, food security and export earnings….