Iran’s oil output is falling under blockade pressure, and storage may run out within two months A banner with a picture of Iran’s new Supreme Leader, Mojtaba Khamenei, next to a symbolic classroom of the Minab school students who were killed in a strike, in Tehran, Iran, May 8, 2026. PHOTO: REUTERS The United States’…
Prime Minister Shehbaz Sharif addresses the inauguration ceremony of the Sky47 AI cloud and data centre in Islamabad on Friday. SCREENGRAB ISLAMABAD: Prime Minister Shehbaz Sharif on Friday said Pakistan’s constitutional federal structure, provincial autonomy and cooperation and consultation between the federation and the provinces were of fundamental importance for the country’s development and stability….
KARACHI: Investigators probing the K2 Airways cargo aircraft crash are examining the possibility of a malfunction in the aircraft’s Inertial Reference System (IRS) as well as spatial disorientation as potential causes of the accident, while the aircraft’s black box, engines, fuselage and crew have yet to be recovered. According to sources, preliminary investigations are focusing…
ISLAMABAD: The corporate debt market in Pakistan remains underdeveloped relative to the economy’s financing needs, even as the equity market has shown encouraging progress, Finance Minister Muhammad Aurangzeb observed while chairing a meeting of the Capital Market Development Council (CMDC) on Friday. According to a statement, the minister stressed the need to deepen the debt…
A satellite image shows black smoke rising from an area of Saudi Arabia’s East-West oil pipeline south of Madina. Photo: REUTERS DUBAI/ ADEN: Yemen’s Iran-aligned Houthis reached the strategic island of Perim in the Bab el-Mandeb Strait on Friday, four Yemeni government sources told Reuters, moving to tighten their grip on a vital global shipping…
Rejects de-sealing request as dispute over Lot-II escalates between contractor, authorities KARACHI: The constitutional bench of the Sindh High Court has rejected a verbal request to immediately de-seal the Red Line Bus Rapid Transit (BRT) project site directing a court official to inspect the site and submit a report. During the hearing of a petition…
Meeting underlines need for facilitative measures, improving ease of doing business ISLAMABAD: Minister of State for Finance and Revenue Bilal Azhar Kayani chaired a consultative meeting at the Ministry of Finance with representatives of the business and export sectors to discuss measures aimed at further improving the tax regime, enhancing export facilitation, and promoting a…
Says the day symbolises compassion, hope, renewal, rebirth, and the triumph of good over evil A combination picture of President Asif Ali Zardari (L) and Prime Minister Shehbaz Sharif (R). PHOTO: Radio Pakistan President Asif Ali Zardari and Prime Minister Shehbaz Sharif on Sunday felicitated the Christian community in Pakistan and worldwide on the joyous…
ISLAMABAD: Pakistan’s trade deficit widened by 26% in the first month of the current fiscal year – 2026-27, mainly due to a 19% increase in imports. According to data released by the Pakistan Bureau of Statistics, imports of various goods, including food items, vehicles, transport equipment and machinery, recorded significant growth. Food imports in July…
Terrorists attack police vehicles in DI Khan. Photo: Express DERA ISMAIL KHAN: Six police personnel, including a Deputy Superintendent of Police (DSP) and Station House Officer (SHO), were injured on Saturday when terrorists opened fire on vehicles carrying the Kalaachi DSP and Hathala SHO in Khyber-Pakhtunkhwa’s (K-P) Dera Ismail Khan, Regional Police Officer (RPO) Ghulam…