Exit of UAE widens rift with Saudi Arabia, which is effectively OPEC’s leader The United Arab Emirates is reassessing its role and contributions across multilateral organisations but is not considering any further withdrawals at this time, a UAE official told Reuters on Wednesday, a day after Abu Dhabi announced its withdrawal from the Organisation of…
Araghchi thanks Pakistan for its constructive role, mediation efforts between the parties Foreign Minister Ishaq Dar and Iran Foreign Minister Abbas Araghchi. Photo: Files Deputy Prime Minister and Foreign Minister Ishaq Dar discussed the current regional situation and Pakistan’s ongoing diplomatic efforts for peace and stability in the region with Iranian Foreign Minister Seyed Abbas…
KARACHI: Gold prices in Pakistan declined on Tuesday despite the fact that the global market surged more than 2% after softer-than-expected US inflation data boosted hopes of a less hawkish stance by the Federal Reserve. According to the All-Pakistan Gems and Jewellers Sarafa Association, gold per tola was quoted at Rs424,136 after falling Rs5,600 during…
Growth in Asia-Pacific developing economies slows to 4.6% in 2025, projected at 4% in 2026 Activists hold a silent protest against the draft agreement, during the COP29 United Nations Climate Change Conference, in Baku, Azerbaijan November 22, 2024. PHOTO: REUTERS Despite mounting global headwinds, Asia-Pacific developing economies’ growth is projected to slow to 4.0% in…
LONDON: Stuart Broad believes England must add an extra fast bowler to their attack if they are to be competitive at next year’s 50-over World Cup in southern Africa. Three days on from on leapfrogging India at the top of the T20 world rankings, England’s poor form in one-day international cricket continued with a decisive…
. LAHORE: The Lahore High Court (LHC) has upheld the life imprisonment of a convict in a rape and murder case involving a seven-year-old girl, ruling that the trial court’s decision was legally sound and supported by strong evidence. Justice Muhammad Waheed Khan issued a detailed judgment while dismissing the appeal filed by convict Muhammad…
Will inject $6b over 5 years to modernise plants for production of cleaner Euro-V fuels Lights shine within an oil refinery. PHOTO: REUTERS ISLAMABAD: Oil refineries have signed plant upgrading agreements with the government-nominated entity – Inter State Gas Systems (ISGS) – paving the way for around $6 billion in investments aimed at producing high-efficiency…
Former prime minister rejects notion that federal government does not provide adequate financial resources to Karachi Shahid Khaqan Abbasi addressing a press conference in Karachi alongside former finance minister Miftah Ismail and other party leaders. Photo: Screengrab KARACHI: Awam Pakistan Party central convener Shahid Khaqan Abbasi on Wednesday criticised the government’s petroleum pricing policy, calling…
Petroleum Minister Ali Pervaiz Malik witnesses the signing ceremony of Production Sharing Agreements and Exploration Licences for offshore exploration blocks awarded under the Offshore Bid Round 2025, on Wednesday. Photo: Facebook Pakistan formally reopened its offshore exploration frontier after nearly two decades on Wednesday as the government signed Production Sharing Agreements (PSAs) and Exploration Licences…
The increased use of local coal has directly lowered power generation costs. In March 2025, the average fuel cost per unit dropped to Rs12.2, down 27% from Rs16.8 a year earlier. photo: file ISLAMABAD: In a major step to reduce the cost of electricity for consumers, the Power Division has identified significant inefficiencies in the…