ogood2054

Lebanese army officer, soldiers killed in Israeli strike amid ceasefire tensions

Israeli strike targets Lebanese army vehicle in southern Lebanon amid Tel Aviv’s continued truce violations Smoke billows from southern Lebanon, following Israeli strikes, as seen from Nabatieh, Lebanon, June 2, 2026. PHOTO: REUTERS Several Lebanese soldiers, including an officer, were killed in an Israeli airstrike that targeted a military vehicle in southern Lebanon, the Lebanese…

Read More

Inventory gains recovery opposed

Analysts have estimated a loss of 7 million to 10 million barrels per day of Middle East oil production due to ongoing war. PHOTO: PEXELS ISLAMABAD: The Oil Companies Advisory Council (OCAC) has expressed serious concern over the proposed recovery of oil inventory gains and the review of cross-subsidy mechanism, and has called for policy…

Read More

Bahrain condemns Iranian attacks on its territory, as well as on Kuwait

Urges Tehran to immediately halt ‘unjustified’ attacks, fully reopen the Strait of Hormuz without restrictions Smoke rises in the sky after blasts were heard in Manama, Bahrain, Feb. 28, 2026.PHOTO:REUTERS Bahrain’s Foreign Ministry on Saturday condemned Iranian attacks on the Bahraini and the Kuwaiti territories, calling them “a flagrant violation of the sovereignty of the…

Read More

Fuel, food push SPI higher by 14.75% YoY

KARACHI: Pakistan’s short-term inflation, gauged by the Sensitive Price Indicator (SPI), surged 14.75% year-on-year, reflecting the impact of heightened geopolitical tensions following the Israel-US conflict with Iran, and the resultant disruption to global oil supplies through the Strait of Hormuz, which has caused a sharp rise in energy and food prices that continued to burden…

Read More

Pentagon raises Israel spy threat to highest level: NBC report

US and Israeli military officers held a meeting in Pentagon. PHOTO: PIXABAY The Pentagon has raised its counterintelligence threat assessment for Israel to the highest possible level on concerns about increasingly aggressive Israeli espionage targeting US officials, NBC News reported Friday. The Defence Intelligence Agency (DIA) issued the new assessment in recent weeks, elevating Israel’s…

Read More

Small traders welcome 1% turnover tax scheme

Karachi associations praise fixed tax regime for businesses with annual turnover up to Rs200m Research conducted by Australia’s tax authorities revealed that the first communication a new taxpayer receives affects their long-run compliance behaviour. photo: file KARACHI: The federal government’s introduction of a 1% turnover tax and a fixed tax scheme for traders with annual…

Read More

PSX ends range-bound session in red

KARACHI: Pakistan Stock Exchange (PSX) witnessed a range-bound session throughout the final day of the trading week on Friday, with the benchmark index fluctuating within a narrow band before closing in the red. The cautious activity came amid limited progress in US-Iran peace negotiations and persistent regional tensions, including clashes in Lebanon despite a ceasefire….

Read More

Iran’s Araghchi rebukes Lebanese president over remarks on Tehran’s role in Lebanon

Iranian Foreign Minister Abbas Araghchi. PHOTO: ANADOLU AGENCY Iranian Foreign Minister Abbas Araghchi criticised Lebanese President Joseph Aoun after the latter’s comments on Tehran’s role in Lebanon. In a post on X, Araghchi said Aoun’s remarks created the impression that Iran, rather than another actor, was responsible for Lebanon’s current challenges. “Based on Mr Aoun’s…

Read More