The government on Friday approved revised electricity purchase contracts with 15 power plants, which would save about Rs163 billion over the remaining life of their contracts and also write off interest payments to government-owned plants. The decision, taken by the Economic Coordination Committee (ECC) of the Cabinet, would help marginally reduce energy costs and pave […]
As the sun sets and families finish iftar during Ramazan, sports courts across Karachi begin to fill with young people heading out for a late-night game of padel. From around 9pm until sehri, many courts remain busy as players gather in groups to compete, socialise and stay active during the fasting month. For many youngsters, […]
Pakistani television actor Nazish Jahangir says her approach to food is guided less by strict dieting and more by understanding her body’s limits. Appearing as a guest on a Ramazan transmission hosted by Faysal Quraishi, the actor spoke candidly about her eating habits, revealing that although she considers herself a “foodie”, she cannot eat large […]
US crude oil futures climbed more than 10% on Friday, pulling closer to Brent as buyers sought available barrels, with Middle Eastern supply constrained by the effective closure of the Strait of Hormuz amid the expanding US-Israeli conflict with Iran. Brent crude futures were up $5.42, or 6.35%, at $90.83 a barrel at 10:37 am […]
From kung-fu performing robots to AI models making videos go viral, China is turning imagination into reality — and the world can’t stop watching. “Innovation is development; innovation is the future,” declared Chinese President Xi Jinping — a mantra that has guided China’s transformation over the past decade. Since taking the helm, Xi has steered […]
Foreign Minister Ishaq Dar and his Iranian counterpart expressed concern over the evolving situation in the region on Friday as the conflict in the Middle East drags on. Tensions in the Middle East escalated sharply after US and Israeli air strikes last week assassinated Iran’s Supreme Leader Ayatollah Ali Khamenei and several senior officials, triggering […]
Pakistan has fully restored flight operations to Saudi Arabia and partially resumed flights to Dubai amid widespread disruptions caused by the ongoing crisis in the Middle East, state-run Radio Pakistan reported on Friday. Tensions in the Middle East escalated sharply after US and Israeli air strikes last week assassinated Iran’s Supreme Leader Ayatollah Ali Khamenei and several senior […]
Russia is providing Iran with targeting information that includes locations of United States warships and aircraft in the Middle East, the Washington Post reported on Friday, citing three officials familiar with the intelligence. The extent of Russia’s support to Iran was not entirely clear, but the Iranian military’s own ability to locate US forces has […]
Qatar expects all Gulf energy producers to shut down exports within weeks if the Iran conflict continues and drives oil to $150 a barrel, the country’s Energy Minister Saad al-Kaabi told the Financial Times in an interview published on Friday. Qatar halted its production of liquefied natural gas on Monday, as Iran continued to strike […]
Soon after the first Iranian missile and drone attacks on Dubai last week, two Indian entrepreneurs based there tried to move more than $100,000 each from their local bank accounts to Singapore to hedge risk. Technological glitches in the aftermath of the Iranian attacks initially scuppered those plans, the entrepreneurs, who did not wish to […]