US military renews strikes on Iran while tankers come under attack in Strait of Hormuz
CENTCOM says it began strikes at Trump’s direction after he said Iran would be hit…
US military renews strikes on Iran while tankers come under attack in Strait of Hormuz
CENTCOM says it began strikes at Trump’s direction after he said Iran would be hit ‘very hard tonight’ A projectile falls at an unknown location, during what US Central Command (CENTCOM) says are strikes on Iranian military targets, in this screen grab taken from a handout video released on July 11, 2026. PHOTO: REUTERS The…
New govt presents G-B’s interim budget
Major portion depends on federal support, region’s own non-tax revenue is estimated at Rs6.08b GILGIT: Adviser to the Chief Minister on Finance Muhammad Ali Akhtar on Monday presented a three-month interim budget for the fiscal year 2026-27 in the Gilgit-Baltistan Assembly, saying the government opted for an interim budget instead of a full-year financial plan….
Government’s 35% TTS promise falls short
Professors get mere 4% raise as assistants receive 55% increase, faculty cries foul ISLAMABAD: After five years, the federal government has increased salaries of foreign-qualified university faculty, but the revision has further complicated the issue, as professors have been given a maximum 4% raise while assistant professors received up to 55%. The notification issued by…
Karachi Port handles 20,000-TEU mega vessel
. First container vessel, MV SELEN, arrives at Karachi Port after reopening of the Strait of Hormuz. Photo: Express KARACHI: Karachi Port Trust is handling one of the world’s largest container vessels, MSC Erica, reaffirming its capability to handle ultra-large container ships. The 398.5-metre-long mega vessel arrived at South Asia Pakistan Terminals Limited (SAPTL), Karachi…
LHC bars new civil suits sans reasoned orders
LAHORE: In a significant ruling clarifying the scope of judicial discretion under the Code of Civil Procedure (CPC), the Lahore High Court has ruled that courts cannot permit a plaintiff to withdraw a civil suit with liberty to file a fresh one through a non-speaking order, holding that such permission must be supported by specific…
Ministry for placing wheat losses in SPV
ISLAMABAD: The Ministry of National Food Security and Research has requested the federal government to park the losses caused by flood-damaged stocks of wheat in a special purpose vehicle (SPV). The ministry has also sought the government’s consent to allow Pakistan Agricultural Storage and Services Corporation (Passco) to auction the damaged wheat stock of 8,197.989…
Oil gains over 5% as US reinstates naval blockade
Goldman Sachs says expanding pipeline capacity in ME could shield over 60% of pre-war Gulf oil exports from future Hor HOUSTON: il prices jumped over 5% on Monday after US President Donald Trump said the United States was reinstating a naval blockade on Iran, reigniting concerns over energy shipments through the Strait of Hormuz. Brent…
Govt mulls daily oil price review
ENSURING TRANSPARENCY: The committee agreed that the recently established petroleum price stabilisation fund should operate under a fully rule-based framework with clearly defined mechanisms for funding and disbursements. PHOTO:FILE ISLAMABAD: Following the fresh closure of the Strait of Hormuz, the government has mulled over a plan to revise oil prices on a weekly or even…
NFL seeks to break into Africa
NAIROBI: American Football’s NFL came to Kenya this weekend for its latest competition on the African continent as it seeks to win converts to the sport. US sports have increasingly sought to break into the African market, with the NBA launching a high-profile Basketball Africa League in 2019, based in Rwanda. Recent days saw a…
Portuguese investors invited to Punjab
. LAHORE: LAHORE. Punjab Chief Minister Maryam Nawaz Sharif has invited Portuguese companies to invest and do business in the province. She assured Portuguese Ambassador Paulo Domingues, who called on her on Monday, of expanding cooperation in tourism and other areas of shared interest. The two sides reviewed a proposal to establish a Pakistan-Portugal Business…
