Category: English

Americans voted on Tuesday in a midterm election seen as a nationwide referendum on Donald Trump that could wrest control of Congress from his Republican Party and impose major restraints on the remaining two years of his presidency. Polls predict the Democrats will win a majority in the House of Representatives and possibly seize the Senate on the back of voter resentment at an unpopular president, soaring energy costs and the ongoing conflict with Iran. Republicans losing the House would give Democrats the power to stall the 80-year-old Trump’s legislative…

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The government has reduced the price of high-speed diesel (HSD) by Rs3.68 per litre to Rs391.52 and petrol by Rs5.45 per litre to Rs369.06, effective November 4, 2026. According to a press release issued by the Oil and Gas Regulatory Authority (OGRA) on Tuesday, the regulator revised the ex-depot prices of petroleum products under the federal government’s petroleum pricing mechanism. OGRA said the price adjustments were necessitated by global developments, including changes in Platts rates, premiums and incidentals. On Monday, the government reduced the price of diesel by Rs7.76 per…

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Pakistan has successfully conducted the flight test of its first indigenously developed Fa’az air-to-air missile, marking a milestone in the country’s aerospace and defence capabilities, the military’s media wing said. The missile is equipped with a terminal guidance system and is capable of engaging enemy aerial targets at extended ranges, according to a news release issued by Inter Services Public Relations (ISPR). The Fa’az missile is expected to enhance the operational flexibility of the Pakistan Air Force and strengthen the country’s overall defence posture, ISPR said. The successful flight test…

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Pakistan is introducing a series of reforms to open the liquefied petroleum gas (LPG) sector to competition, curb monopolistic practices and bring down prices, Federal Minister for Petroleum Ali Pervaiz Malik said on Tuesday. Addressing a press conference alongside Federal Minister for Information and Broadcasting Attaullah Tarar, Malik said the government had decided to abolish the existing quota-based distribution mechanism and introduce transparent auctions to encourage competition and ensure affordable fuel for consumers. Tarar said Prime Minister Shehbaz Sharif had directed the introduction of a merit-based and transparent system in…

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Security forces killed 17 militants in two separate intelligence-based operations in Pakistan’s southwestern Balochistan province, while a Pakistan Army soldier was also martyred during an exchange of fire, ISPR said on Tuesday. According to the Inter-Services Public Relations (ISPR), the operations were conducted on November 1 in Kachhi and Kharan districts following intelligence reports about the presence of militants affiliated with what it described as Indian-backed proxy groups. In the first operation, security forces targeted militants in the Sanni area of Kachhi district after they attempted to establish a blockade.…

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Pakistan has announced a series of reforms to open the liquefied petroleum gas (LPG) sector to competition, ensure transparent pricing, curb cartelisation and provide relief to vulnerable consumers, Federal Minister for Petroleum Ali Pervaiz Malik said on Tuesday. Addressing a press conference here, accompanied by Federal Minister for Information, Broadcasting and National Heritage Attaullah Tarrar, Malik said the government aimed to ensure natural gas availability through pipeline networks wherever possible, while providing affordable LPG to households not connected to the gas network. Explaining the international pricing mechanism, Malik said Saudi…

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The US Justice Department said on Tuesday it was deploying 1,000 election monitors and observers ​to all 50 states in what it called ‌the largest Election Day monitoring effort in history. A Justice Department statement identified which jurisdictions within the states would receive monitors and observers. Department ​officials have said priorities include areas with a history ​of voter access issues and places with competitive ⁠races that could be targets of voter intimidation. The ​Trump administration has taken an increasingly aggressive approach to election oversight, ​pressing states for voter-registration data and…

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US President Donald Trump on Tuesday said ​he made a deal with ‌Israeli Prime Minister Benjamin Netanyahu and that Washington would no longer be providing military ​aid to Israel after the end ​of this year. Speaking to Fox ⁠News’ Fox and Friends, Trump said ​Israel no longer needs it ​and that some Democrats and left-wing politicians were using this US funding to Israel ​as a talking point to ​criticise Republicans. “Now, as far as paying Israel, Bibi ‌Netanyahu ⁠and I have made a deal that we give Israel $4 billion…

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The Pakistan Stock Exchange (PSX) witnessed a strong bullish session on Tuesday amid expectations of a positive outcome from talks between the US and Iran, with the benchmark KSE-100 Index closing above the 168,000 level. The market opened on a positive note, with buying activity pushing the index higher during the morning session. The benchmark initially gained momentum, climbing towards its intraday high of 168,469.78 points, reflecting strong investor interest. However, the upward momentum weakened around midday as profit-taking emerged, dragging the index lower towards its intraday low of 167,308.65…

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Investors are weighing the market implications of a possible shift in control of the US Congress in Tuesday’s midterm elections, focused on whether a strong Democratic showing could pave the way for greater volatility in ​asset prices, particularly the AI trade, which has been a main driver for markets. The midterms come at ‌a fragile time for markets, with a swoon in AI shares causing investor unease that could be exacerbated by the election results. Tuesday’s outcome could hold broad implications for market-sensitive areas including the AI data-centre buildout, the…

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