With widespread damage to energy infrastructure in the Middle East, it is unclear how long global oil and gas markets will take to stabilise. What is already evident, however, is that the world will not return to the old normal, particularly for countries heavily dependent on energy imports from the region. The search for alternatives…
HARIPUR: A gas pipeline leak in the Hattar Industrial Estate triggered a powerful explosion and fire late at night, leaving eight people, including women and children, burnt to death, while several others sustained injuries, officials said on Thursday. A massive rescue operation prevented further loss of life. According to district authorities, the blaze erupted after…
K-Electric and the Hyderabad Electric Supply Company (HESCO) will be excluded from the federal government’s daily loadshedding plan, the Power Division’s spokesperson said on Tuesday. Earlier today, the division said that due to rising electricity demand during peak hours, electricity would be suspended for around 2.25 hours daily between 5pm and 1am countrywide under its…
PM Shehbaz, CDF Munir congratulate entire nation and Pakistan Navy on achieving this historic milestone Pakistan commissioned its first Hangor-class submarine, PNS/M Hangor, in a ceremony held in Sanya, China. PHOTO: ISPR The commissioning ceremony of Pakistan’s first Hangor-class submarine, PNS Hangor, took place on Thursday in Sanya, China. The event was attended by President…
US West Texas Intermediate futures for June were up $2.76, or 2.6%, at $109.64 a barrel 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 Brent oil prices rose as much…
Deputy minister Khatibzadeh says Hormuz to remain open but new rules may apply on sidelines of Antalya Diplomacy Forum Hormuz to remain open but new rules may apply, says Deputy Foreign Minister Khatibzadeh on sidelines of Antalya Diplomacy Forum. PHOTO: ANADOLU Iran’s Deputy Foreign Minister Saeed Khatibzadeh said Tehran rejects any temporary ceasefire and is…
Energy costs, currency pressures drive price stickiness as food inflation remains vulnerable KARACHI: Inflation is expected to remain in double digits in April 2026 as underlying cost pressures continue to dominate the economic outlook. Despite some easing in food supply conditions, overall price dynamics remain elevated, driven by persistent energy costs, currency-related pressures and structural…
Police officers walk past the Supreme Court of Pakistan building, in Islamabad, Pakistan April 6, 2022. REUTERS ISLAMABAD: A petition filed in the Supreme Court on Thursday challenging the transfer of three Islamabad High Court (IHC) judges has brought the controversy to the fore, with the plea arguing that the move violates constitutional guarantees and…
KARACHI: Pakistan Stock Exchange (PSX) began the week on a strong footing, with the benchmark KSE-100 index surging sharply in early trade. At 9:34am, the index climbed to 166,269.56, registering a gain of 3,275.56 points or 2.01%, as investor sentiment strengthened on expectations of a potential peace agreement between the United States and Iran. Optimism…
Nikola Vlasic gave Torino a point from the penalty spot against Inter Milan on Sunday. Photo: AFP MILAN: Inter Milan’s charge to the Serie A title was held up on Sunday after they threw away a two-goal lead to only draw 2-2 at Torino, while a goalless draw between AC Milan and Juventus left the…