Navy acquires advanced Chinese submarine

President Asif Ali Zardari and Chief of Naval Staff Admiral Naveed Ashraf pose for a group photo with Pakistani and Chinese officials during the commissioning ceremony of Pakistan’s first Hangor-class submarine PNS Hangor in Sanya. PHOTO: NNI ISLAMABAD: The commissioning ceremony of Pakistan’s first Hangor-class submarine, PNS Hangor, took place on Thursday in Sanya, China….

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Govt mulls more gas rationing

ISLAMABAD: Pakistan is considering introducing a further reduction in gas supplies to domestic consumers through rationing amid the deepening Middle East war, which has disrupted oil and gas transportation through the region. However, the ministers in a committee constituted to review energy matters opposed any gas rationing plan with the argument that it would result…

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Gulf dynamics shift as UAE exits OPEC

DUBAI: The United Arab Emirates (UAE) on Tuesday announced its withdrawal from the Organization of the Petroleum Exporting Countries (OPEC) and its wider OPEC+ alliance, marking one of the most significant ruptures in the history of the oil producers’ bloc. The UAE, one of the group’s largest and most influential producers, said it would formally…

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Families relive distressing phone calls

KARACHI: The oil tanker, sailing under the Somali flag, was transporting oil from Oman to Somalia when pirates seized it on April 21. Among the ten abducted Pakistanis, eight are from Karachi. Mehwish becomes emotional recalling the moment on April 21 when she was speaking to her husband, Yasir Khan, on the phone around 4:30pm;…

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FIR lodged over Rs6.6bn fraud involving benami accounts

Benami accounts used in massive tax evasion scam; bank officials, company directors named in FIR The Federal Investigation Agency has registered a first information report (FIR) against multiple individuals, including company directors and bank officials, over an alleged fraud involving more than Rs6.6 billion. According to the FIR, the accused allegedly opened benami bank accounts…

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