Oil falls more than $1 on greater flows despite US-Iran war
The sun sets behind oil pumps outside Vaudoy-en-Brie, near Paris, France, March 18, 2026—REUTERS Oil…
Oil falls more than $1 on greater flows despite US-Iran war
The sun sets behind oil pumps outside Vaudoy-en-Brie, near Paris, France, March 18, 2026—REUTERS Oil prices fell on Friday but kept on track for a monthly rise of about a fifth, as more supplies flowed through crucial maritime chokepoints, despite a lack of major breakthroughs in talks between the United States and Iran. Brent futures fell…
Renowned climber among 10 missing after avalanche in Pakistan
International expedition includes American, Chinese national, Omani and five Nepali climbers Ten climbers led by renowned Nepal-born mountaineer and former military serviceman Nirmal “Nims” Purja have gone missing after an avalanche struck Pakistan’s Broad Peak, one of the world’s highest mountains. The Alpine Club of Pakistan said on Instagram late Thursday that the international expedition…
Naqvi briefs president on security
Meeting also featured a detailed exchange of views on the country’s prevailing political situation ISLAMABAD: President Asif Ali Zardari and the Federal Interior Minister Mohsin Naqvi reviewed the country’s overall law and order situation, with particular focus on the security situation in K-P and Balochistan in a meeting held at Bilawal House on Thursday. The…
MG JW to export vehicles to Bangladesh
MG JW Automobile Pakistan has signed an agreement with Bangladesh’s RANCON Group to export locally assembled vehicles to Bangladesh, marking a significant milestone for Pakistan’s automotive industry, according to a statement on Thursday. Under the agreement, MG JW will export 100 vehicles to Bangladesh during the current year, with total exports projected to reach 5,800…
SBP reserves drop $229m to $17.03b
ISLAMABAD: The State Bank of Pakistan’s (SBP) foreign exchange reserves declined by $229 million during the week ended July 24, 2026, settling at $17.03 billion, the central bank said. The drop was attributed to external debt repayments. Pakistan’s total liquid foreign reserves stood at $22.4 billion as of July 24. Of these, the SBP held…
SC upholds strict limitation law
ISLAMABAD: The Supreme Court has held that a party guilty of unnecessary delay, negligence and abuse of the judicial process is not entitled to equitable relief, observing that the law of limitation is not a mere technicality but a substantive legal framework designed to ensure timely and final resolution of disputes. A three-member bench comprising…
Pakistan exits war-risk list
KARACHI: Pakistan and its territorial waters have been removed from the Listed Areas of Lloyd’s Market Association’s Joint War Committee (JWC), after more than two decades, a move that will help reduce war-risk insurance premiums and shipping costs. The announcement was made by Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry while addressing the…
Finance ministry warns of risks despite economic gains
US-Iran tensions pose fresh risks as remittances, stocks surge but exports, FDI decline IMF projects 7.2% inflation this fiscal year, up from its earlier 6.3% estimate. PHOTO: PIXABAY ISLAMABAD: The Ministry of Finance has cautioned that renewed escalation in tensions between the United States and Iran could trigger volatility in global energy prices, trade flows…
Phased oil sector deregulation soon
The sun sets behind oil pumps outside Vaudoy-en-Brie, near Paris, France, March 18, 2026—REUTERS ISLAMABAD: The government has decided to press ahead with phased deregulation of the oil industry, which comes after shifting from the weekly to daily petroleum price revisions in the face of continuing US-Iran war. Officials say that Pakistan’s experience demonstrates that…
Reels of a vanishing heritage
Pashto cinema’s decline raises concerns over future of one of K-P’s richest cultural traditions PESHAWAR: For generations of Peshawar residents, a trip to the cinema was more than an evening’s entertainment. It was a shared cultural ritual where families gathered, friendships were forged and Pashtun stories unfolded on the silver screen. Today, many of those…
