Karachi Port handles 20,000-TEU mega vessel
. First container vessel, MV SELEN, arrives at Karachi Port after reopening of the Strait…
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…
Green details LeBron recruiting pitch
SAN FRANSICO: Golden State Warriors forward Draymond Green detailed his recruiting pitch to LeBron James on his podcast on Sunday, hoping to play alongside the NBA all-time scoring leader next season. James, a four-time NBA champion and four-time Most Valuable Player, has announced he will leave the Los Angeles Lakers, with a fistful of teams…
Report sought on detention in foreign women’s case
LAHORE: The Lahore High Court (LHC) on Monday sought a report from the SHO of Defence-C police station on a plea against detention of a suspect in a case of alleged rape and abduction of two foreign women. Justice Abher Gul adjourned the proceedings till July 20 after hearing the habeas corpus petition filed by…
McGregor vows return after knee injury
LOS ANGELES: Conor McGregor said Sunday his right knee was fine before he injured it on the first kick of his mixed martial arts showdown with Max Holloway to end a five-year layoff. And the Irish star who lost in 69 seconds at UFC 329 in Las Vegas vowed to make another comeback once he recovers…
