Brent crude futures fell 6 cents, or 0.1%, to $108.11 a barrel after settling down $2.23 on Friday Iran renewed attacks on the United Arab Emirates on Tuesday, causing oil loading at the port of Fujairah to be at least partly halted after the third attack in four days. FILE IMAGE: PIXABAY Oil prices eased…
KARACHI: Pakistan’s energy sector has continued to operate under the persistent shadow of circular debt. Around the start of the fiscal year, the amount stood close to Rs1.7 trillion for the power sector and Rs2.6 trillion for gas, with subsequent data showing that the number would only increase. Recoveries may or may not have improved,…
Both sides focused on a wide range of areas of mutual interest aimed at enhancing bilateral economic engagements ISLAMABAD: Special Assistant to the Prime Minister on Industries and Production Haroon Akhtar Khan held a meeting with Uzbekistan’s Navoiy Region Governor Normat Tursunov and his delegation to discuss avenues for strengthening cooperation in trade, industry, and…
ISLAMABAD: Pakistan on Saturday rushed to allow donkey meat export to a Chinese company that had announced it would wind up its operations due to inordinate delays, and warned other Chinese investors to think before investing in the country. The issue was resolved only after the Prime Minister’s Office intervened on Friday. That triggered a…
The World Trade Organisation (WTO) is set to cut about 10% of its spending – including hiring freezes and reductions in short term staff – after the US fell back into arrears and a growing number of members failed to pay their dues on time, according to classified WTO documents seen by Reuters. The watchdog…
Highlights agriculture, IT, textiles, real estate, oil and gas sector among others MANCHESTER: Federal Minister for Board of Investment Qaiser Ahmed Sheikh received an exceptional welcome during his visit to Manchester, where he attended a gathering on the sidelines of a Commonwealth conference, according to a statement issued on Saturday. Despite a demanding schedule, the…
KARACHI: Despite the recent rollout of 5G services in Pakistan, internet speeds remain frustratingly slow in major metropolitan cities like Karachi and Lahore. Even the capital, Islamabad, continues to experience sluggish connectivity. The situation is far worse in peripheral regions such as Azad Kashmir and Balochistan, where reliable high-speed internet remains a distant dream. At…
Virtual meeting focuses on AI-driven threats, REITs reform to formalise real estate investment Pakistan Finance Minister Muhammad Aurangzeb speaks during an interview at the International Monetary Fund and World Bank Group’s annual spring meetings in Washington DC, US, April 13, 2026, PHOTO: REUTERS ISLAMABAD: Federal Minister for Finance and Revenue has chaired a virtual meeting…
Seven OPEC+ members approve 188,000 bpd hike for June but increase remains symbolic until strait reopens Ships and boats in the Strait of Hormuz, Musandam, Oman, May 1, 2026. PHOTO: REUTERS OPEC+ is set to agree on Sunday a modest oil output hike, sources said, but the increase will remain largely on paper as long…
ISLAMABAD: Pakistan has secured a quota of 25,000 metric tonnes from the Indian Ocean Tuna Commission (IOTC), including 15,000 tonnes of yellowfin tuna and 10,000 tonnes of skipjack, a landmark achievement expected to generate approximately $200 million in exports, Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry said on World Tuna Day, according to…