Oil prices climbed on Wednesday, moving away from a seven-week low touched in the previous session, after the US military launched new strikes against Iran and as market data showed another large draw in US crude stocks. Brent futures rose 66 cents, or 0.7%, to $92.11 a barrel at 0406 GMT, while US West Texas Intermediate crude climbed 60 cents,…
Once the seat of political power, the historic village’s grand Qalla struggles for survival PESHAWAR: Sheikhan, a historic village on the outskirts of Peshawar, stands as a living testament to a glorious past that has largely vanished. Once renowned for its abundant irrigation water from the Bara River and the prized Bara Rice variety, believed…
Military personnel are unharmed, and no other vehicles or infrastructure used by them are damaged, says Guido Crosetto Italian aircraft was hit during air base attacks in Saudi Arabia. PHOTO: ANADOLU AGENCY An Italian aircraft was hit during air base attacks in Saudi Arabia, Defence Minister Guido Crosetto announced Friday. Crosetto noted that he followed…
Restriction applies to all civil and military aircraft of Indian-registered airlines an aircraft of Indian airline Spicejet making a final approach for landing at Indira Gandhi International Airport in New Delhi. PHOTO: AFP LAHORE: Pakistan extended the closure of its airspace to Indian aircraft for another month, with the restriction remaining in place until October…
ISLAMABAD: The International Monetary Fund (IMF) is seeking to curtail powers of the federal government for making a downward revision in gas prices in a bid to prevent further accumulation of circular debt. In a recent meeting, the Cabinet Committee on Energy (CCOE) was informed that the IMF while noticing the burgeoning tariff differential adding…
PM Shehbaz warns against delays, orders Gulf roadshows to promote amended policy for brownfield refinery projects Prime Minister Shehbaz Sharif chairs a meeting of Cabinet Committee on Energy in Islamabad. PHOTO: PMO The Cabinet Committee on Energy on Tuesday approved amendments to the Pakistan Oil Refining Policy 2023 that will enable the modernisation of Pakistan’s…
ISLAMABAD: The National Assembly Standing Committee on Economic Affairs on Wednesday proposed that the Karachi Port Trust (KPT) either complete the Lyari Elevated Expressway project on its own or execute it under a public-private partnership (PPP) The committee, which met under the chairmanship of Mirza Ikhtiar Baig, held a detailed discussion on the…
Late-session interest helps KSE-100 advance 0.33% but it couldn’t break resistance band KARACHI: Pakistan Stock Exchange (PSX) ended Friday’s session on a firm note as the benchmark KSE-100 index rose 575 points to close near 177,170. The index spent the first half of the day trading sideways before attracting buying interest later, when it touched…
The House voted 215 to 208, as four Republicans voted with Democrats in favour of the war powers resolution President Donald Trump could soon appear on a bank note — breaking longheld tradition against putting living presidents on US money. Photo: AFP/ File The Republican-led US House of Representatives approved a resolution on Wednesday to…
Arafat Minhas took 5-32 on ODI debut against Australia to become the first Pakistani bowler to claim a five-wicket haul on debut. Photo: PCB Pakistan outspun Australia by five wickets in the first one-day international in Rawalpindi with spinner Arafat Minhas becoming the first home bowler to take five wickets on ODI debut on Saturday….