Oil climbs as Iran peace deal fades; Hormuz tensions keep Brent above $105 and $115 in sight By helping the world reduce oil prices from the $150-$200 range and saving hundreds of billions in import bills and high interest expense, Pakistan has earned its seat at the table. photo: REUTERS Oil prices rose nearly 1%…
Ministry calls claims ‘misleading and sensationalised,’ says planes arrived for diplomatic logistics during ceasefire Pakistan categorically rejected the CBS News report regarding the presence of Iranian aircraft at Nur Khan Airbase, describing it as “misleading and sensationalised”. Such “speculative narratives” appear aimed at undermining ongoing efforts for regional stability and peace, according to the Ministry of Foreign…
KARACHI: Investors offloaded their holdings at the Pakistan Stock Exchange (PSX) on Monday over uncertainty surrounding US-Iran negotiations for a peace deal, which pulled the KSE-100 index down by 610 points. In the morning, trading commenced on a negative note, with the benchmark index sliding 1,433.57 points, or 0.84%, within minutes to hit 169,682.25 at…
Since the ceasefire began, the two countries have traded accusations of violating it with attacks on civilians ZAPORIZHZHIA: In Ukraine’s southeastern city of Zaporizhzhia, a three-day ceasefire between Kyiv and Moscow expiring later on Monday brought little respite to residents exhausted by more than four years of Russia’s invasion. The three-day truce was announced on…
NA opposition leaderAchakzai warns parliament disruption over Imran meeting curbs JUI-F chief Maulana Fazlur Rehman. Photo: File ISLAMABAD: JUI-F chief Maulana Fazlur Rehman on Monday said two provincesKhyber-Pakhtunkhwa (K-P) and Balochistanhad turned into hubs of insecurity and terrorism. “Will be keep celebrating Marka-e-Haq victory while the people die?” he asked while addressing the National Assembly….
Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb has emphasised the government's focus on transforming tax administration through reforms centred on people, processes and technology, during a meeting with a delegation of the Institute of Chartered Accountants of Pakistan (ICAP), according to an official statement issued on Monday. Welcoming the delegation, the finance minister…
. ISLAMABAD: Senior leader of All Parties Hurriyat Conference (APHC) Altaf Ahmed Bhat has said Pakistan’s success in Marka-e-Haq shattered India’s arrogance and pride. “This victory has infused the people of Indian Illegally Occupied Jammu and Kashmir (IIOJK), particularly the youth, with renewed courage, determination, and hope,” he said on Monday. He expressed these views…
ISLAMABAD: The government collected more than Rs1.2 trillion from consumers in petroleum levy during the first nine months of the current fiscal year, while over Rs35 billion was recovered under the Climate Support Levy (CSL), according to official documents. The documents further revealed that electricity consumers across the country paid more than Rs1.9 trillion in…
Prime Minister Shehbaz Sharif calls on President Asif Ali Zardari at Aiwan-e-Sadr. PHOTO: PID ISLAMABAD: Prime Minister Shehbaz Sharif on Monday extended the nationwide austerity drive and fuel conservation measures until June 13 as the government continues to manage economic pressure caused by the Middle East conflict and rising global oil prices. According to a…
ISLAMABAD: Former prime minister Imran Khan’s sister, Uzma Khan, has approached the Supreme Court seeking his transfer to Shifa International Hospital for what the petition describes as proper treatment and continuous monitoring of his eye condition and related medical complications. The petition, filed against the Islamabad High Court’s March 12 order directing the Islamabad administration…