Pakistani ships to transport diesel, jet fuel from Kuwait via Strait of Hormuz

[ Development takes place after a meeting between petroleum minister and Kuwait’s ambassador in Islamabad Tankers sail in the Gulf, near the Strait of Hormuz, as seen from northern Ras al-Khaimah, near the border with Oman’s Musandam governance, amid the US-Israeli conflict with Iran, in United Arab Emirates, March 11, 2026. PHOTO: REUTERS Kuwait agreed … Read more

‘Pakistan maintains diesel stocks for 23–24 days; petrol availability remains comfortable’

[ ISLAMABAD: The Committee to Monitor Petrol Prices was informed on Monday that the country currently had stable stocks of petroleum products with diesel stocks providing around 23–24 days of cover, while petrol availability remained comfortable. Earlier this month, the government sharply increased petrol and diesel prices by Rs55 per litre, or 20 per cent, citing disruptions in … Read more

Verstappen consider F1 retirement

Max Verstappen has won the Japanese Grand Prix for the past four years. Photo: AFP SUZUKA: Max Verstappen said his current unhappiness has left all options on the table, including retirement once the current Formula 1 season ends. A winner of 71 career F1 races, which trails only Lewis Hamilton (105) and Michael Schumacher (91) … Read more

Iran war ‘shock’ is dimming outlook for many economies, IMF says

IMF says war from Feb 28 strikes causing global asymmetric shock, tightening financial conditions The International Monetary Fund logo is seen during the IMF/World Bank spring meetings in Washington, U.S., April 21, 2017. REUTERS The war in the Middle East has caused serious disruption to the economies of frontline countries, and is dimming the outlook … Read more