Hormuz crisis triggers oil reserves plan

KARACHI: The Petroleum Division has kicked off a feasibility study on establishing Strategic Petroleum Reserves (SPR) in Pakistan, with international energy consultancy Wood Mackenzie selected following a competitive tender process in which four bids were received. Federal Minister for Petroleum Ali Pervaiz Malik chaired the kick-off meeting, where he was briefed on the scope and…

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Kremlin says US spy chief held talks with Russian counterparts during Moscow visit

Kremlin spokesperson Peskov declined to disclose ​what had been discussed or to provide any further details Kremlin spokesman Dmitry Peskov attends a military parade on Victory Day in Red Square in central Moscow, Russia, May 9, 2026—REUTERS US CIA Director John Ratcliffe held talks with Russian intelligence officials ​during his visit to Moscow on Tuesday…

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British lawmakers praise Pakistan’s leadership, mediation efforts for Middle East peace

Deputy Prime Minister and Foreign Minister Ishaq Dar with cross-party Pakistan-origin British parliamentarians at Pakistan House in London. PHOTO: MoFA The British lawmakers on Wednesday “lauded Pakistan’s leadership and mediation efforts in the Middle East” in a meeting with Deputy Prime Minister and Foreign Minister Ishaq Dar, saying that “Pakistan’s historic role had been internationally…

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Gold slips as global rally stalls

KARACHI: Gold prices in Pakistan edged lower on Tuesday, tracking a pause in the international rally that had pushed bullion to a more than three-month high earlier in the session. According to rates shared by the All-Pakistan Gems and Jewellers Sarafa Association, the price of gold per tola closed at Rs486,536 after a decline of…

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Rice, textiles, pharma eyed for export growth

Officials directed to build on this momentum through market diversification and stronger business-to-business linkages ISLAMABAD: Federal Minister for Commerce Jam Kamal Khan has expressed satisfaction over export growth in several emerging markets and directed officials to build on this momentum through market diversification and stronger business-to-business linkages, a statement said on Tuesday. Chairing a meeting…

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Aiman announces retirement from international cricket

Pakistan fast bowler Aiman Anwar has annnounced retirement from international cricket, the Pakistan Cricket Board (PCB) said on Wednesday. Aiman, 29, represented Pakistan in eight one-day internationals and 37 Twenty20 internationals between July 2016 and February 2023, taking four ODI wickets and 29 in T20Is. She made her international debut in a T20 match against…

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1.8m jobs at risk over auto policy

LAHORE: The Pakistan Association of Automotive Parts & Accessories Manufacturers (PAAPAM) has appealed directly to Prime Minister Shehbaz Sharif and senior cabinet members to retain safeguards against the misuse of used-car import schemes as the government finalises the Auto Policy 2026-31. In a letter to the prime minister, the finance minister, the minister for industries…

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Starc dethrones Bumrah as No1 Test bowler

Australia’s Mitchell Starc has become the new No1 bowler in the ICC Men’s Test Rankings after a match-winning ten-wicket haul against Bangladesh in Mackay. The 36-year-old left-arm pacer climbed to the summit after taking six wickets for 12 runs in the first innings and four for 39 in the second, helping Australia secure an innings-and-51-run…

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