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Red Sea shipping drops following Houthi strikes on Saudi Oil facilities

Muhammad ibrahim
SINGAPORE: Commercial shipping through the Bab el-Mandeb Strait slowed significantly on Sunday after Yemen’s Houthi movement launched attacks on Saudi oil infrastructure along the Red...
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Petroleum dealers end strike after govt assures review of daily fuel price policy

Muhammad ibrahim
ISLAMABAD: The Pakistan Petroleum Dealers Association (PPDA) has called off its planned nationwide strike after claiming that the federal government agreed to suspend the proposed...
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Govt’s assurance to resolve Petrol Pump association issues leads to Call-Off of strike

Muhammad ibrahim
ISLAMABAD: The Petrol Pumps Owners Association and the Dealers Association have announced the postponement of their planned strike scheduled for tomorrow.  In an official statement,...
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Govt announces sharp increase in petroleum prices nationwide  

Muhammad ibrahim
ISLAMABAD: The government has officially declared an increase in the prices of petroleum products. According to the issued notification, the price of diesel has been...
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Goods transporters reject fuel price hike, warn of nationwide wheel-jam strike

Muhammad ibrahim
KARACHI: The Karachi Goods Carriers Association (KGCA) has strongly opposed the government’s latest increase in petrol and diesel prices, warning that it will call a...
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CPPA seeks Rs1.20 per unit increase in electricity tariff under June fuel cost adjustment

Muhammad ibrahim
ISLAMABAD: Electricity consumers in Pakistan could see a further rise in power bills after the Central Power Purchasing Agency (CPPA) requested the National Electric Power...
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Petrol, Diesel prices expected to increase in next fuel price review

Muhammad ibrahim
ISLAMABAD: Consumers in Pakistan may face another increase in fuel prices as the government is expected to revise petroleum rates upward in the upcoming fortnightly...
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PSMA appeals for approval to export an additional 600,000 tonnes of sugar

Muhammad ibrahim
KARACHI: The Pakistan Sugar Mills Association (PSMA) has renewed its call for the federal government to permit the export of an extra 600,000 metric tonnes...
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Positive update for Pakistanis seeking new gas connections

Muhammad ibrahim
ISLAMABAD: The Pakistani government is expected to lift the ban on issuing new domestic LNG connections by September, contingent upon an improvement in supply following...
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Oil prices climb as shipping through Strait of Hormuz declines amid regional tensions

Muhammad ibrahim
WEB DESK: Global oil prices moved higher after commercial shipping activity through the Strait of Hormuz dropped sharply in the wake of recent attacks on...
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NAB takes control of Bahria Icon Tower in major money laundering case

Muhammad ibrahim
ISLAMABAD: The National Accountability Bureau (NAB) on Monday took over Karachi’s Bahria Icon Tower Pakistan’s tallest building after a Rawalpindi accountability court upheld the provisional...
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Gold prices drop sharply in local and global markets

Adeel RAFIQUE
KARACHI: Gold prices in Pakistan experienced a drop on Wednesday, mirroring the downturn in the international market. In the local sphere, the price for one...
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SBP enforces strict new rules to prevent unlawful freezing of customer accounts

Muhammad ibrahim
KARACHI: The State Bank of Pakistan (SBP) has introduced updated regulations to prevent banks from freezing or blocking customer accounts without proper legal authorization. The...
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Gold prices in Pakistan continue to decline amid global market dip

Muhammad ibrahim
KARACHI: On Tuesday, June 30, 2026, gold rates in Pakistan experienced further declines, mirroring the downward movement in global bullion markets driven by decreasing geopolitical...
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Railways Minister Hanif Abbasi affirms commitment to modernizing infrastructure

Muhammad ibrahim
ISLAMABAD: In a statement in Rawalpindi today, Railways Minister Hanif Abbasi emphasized the government’s dedication to upgrading the nation’s railway network through comprehensive modernization initiatives....
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Pakistan, Iran move to enhance border trade , transport connectivity

Muhammad ibrahim
ISLAMABAD: Pakistan and Iran have agreed to address outstanding issues affecting cross-border trade and transportation, while also exploring ways to strengthen economic and connectivity links...
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PM Shehbaz Sharif announces major petrol price cut amid falling global oil rates

Muhammad ibrahim
ISLAMABAD: Prime Minister Shehbaz Sharif has announced that the government will unveil a significant reduction in petrol prices tonight, providing relief to consumers as international...
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Massive cut in Petrol prices expected in Pakistan

Muhammad ibrahim
ISLAMABAD: The recent US-Iran peace agreement is anticipated to trigger a sharp decrease in petrol prices across Pakistan. While discussions are ongoing regarding the exact...