Power consumers brace for tariff hike
ISLAMABAD: Electricity consumers are likely to face an increase of up to Rs0.82 per unit…
Power consumers brace for tariff hike
ISLAMABAD: Electricity consumers are likely to face an increase of up to Rs0.82 per unit under the monthly fuel cost adjustment (FCA) for May 2026, as the National Electric Power Regulatory Authority (NEPRA) held a public hearing on the proposed tariff revision on Tuesday. During the hearing, it was revealed that the actual fuel cost…
Oil prices rise as breakdown in Iran-US talks raises supply concerns
Oil prices rose on Wednesday on concerns that breakdowns in discussions between Iran and the US for a final agreement to end their war may extend supply disruptions in the key Middle East producing region. Brent futures rose 33 cents, or 0.45%, to $73.28 a barrel at 0339 GMT, while US West Texas Intermediate (WTI) crude climbed…
US lifts curbs on Anthropic’s Fable, Mythos AI models
Anthropic disables its Mythos 5 and Fable 5 models following a June 12 export-control order Anthropic logo, a keyboard, and a robotic hand in this illustration. Photo: Reuters Anthropic said on Tuesday that the US Commerce Department lifted export controls on its Fable and Mythos AI models, less than three weeks after the company was ordered…
Senate opp leader files privilege motion against Barakahu SHO
Motion was filed in the upper house of parliament a day after a high-level delegation of the TTAP ISLAMABAD: Opposition Leader in the Senate Raja Nasir Abbas filed a privilege motion against the SHO of Barakahu on Monday, alleging that he was prevented from reaching his residence and treated in a “rude and discourteous manner”…
Investor optimism powers PSX above 180k
Index advances 1,887 points over notable buying in key sectors, falling oil prices KARACHI: Pakistan’s stock market on Tuesday closed sharply higher as improving investor interest and broad-based buying across key sectors propelled the benchmark KSE-100 index above the 180,000-point mark. The index rose 1,886.91 points, or 1.06%, to settle at 180,301.70. During the session,…
NASA robot mission aims to rescue space telescope
. WASHINGTON: NASA on Tuesday is set to launch a daring robotic rescue mission, a long shot bid to prevent one of its aging telescopes from vanishing into dust. If successful, the effort could pave the way for giving other satellites a second life. The operation is set to last several months, kicking off with…
Gohar seeks ‘conducive environment’ for talks
RAWALPINDI: PTI Chairman Barrister Gohar Ali Khan on Tuesday said meaningful negotiations with the government could only move forward if a conducive political environment was created. He said that simultaneous convictions of PTI workers and calls for dialogue sent conflicting signals. Speaking to the media after being stopped by police near the Dahgal checkpoint while…
Sanghar well starts production
During production test, Chak 63-05 produced 600 barrels of bpd, 10.5m standard cubic feet of gas per day (mmscfd) ISLAMABAD: Oil and Gas Development Company (OGDC) has successfully completed Chak 63-05, a new development well in the Chak 63 Development & Production Lease located in Sanghar district of Sindh, marking another milestone in the company’s…
Lahore roof collapse claims 14 young lives
Relatives mourn the death of children in a roof collapse incident in Lahore. Photo: REUTERS LAHORE: At least 14 children were killed and nine others, including a teacher, were injured after the roof of a private tuition centre collapsed in Lahore’s Kahna area on Tuesday, triggering a massive rescue operation as authorities launched an investigation…
US envoys reach Doha but Iran rules out direct talks
DOHA/ TEHRAN: Iran will hold ?talks with mediator Qatar on Wednesday (today) ?to discuss the implementation of the Islamabad Memorandum of Understanding (MoU), with the Iranian foreign ministry spokesperson saying that the release of country’s ?frozen assets would be a key topic of discussion. Esmaeil Baghaei said on ?Tuesday that no meeting was planned with…
