Energy anxiety returns to haunt markets

If oil were to move above $100 barrel, gas supplies remain constrained, economic aftershocks would be hard to contain LONDON: Global financial markets convulsed on Monday as the expanding Iran-US war sent energy prices surging, equities sliding and investors scrambling for traditional safe havens, reviving fears of a fresh inflation shock just as major economies … Read more

Cement despatches rise 12.5% in February

[ LAHORE: Cement dispatches increased by 12.53% in February 2026, reaching 4.199 million tonnes compared with 3.732 million tonnes in the same month last fiscal year, according to data released by the All Pakistan Cement Manufacturers Association. Local cement dispatches during February stood at 3.467 million tonnes against 3.2 million tonnes in February 2025, reflecting … Read more

Pakistan mounts ‘full diplomatic effort’

Foreign Minister Ishaq Dar. Photo: Screengrab ISLAMABAD: Deputy Prime Minister and Foreign Minister Ishaq Dar on Monday said Pakistan had launched “full diplomatic efforts” to de-escalate tensions in the Middle East following US and Israeli attacks on Iran, warning that the situation had significantly worsened an already fragile regional environment. Addressing a media briefing in … Read more

US consulate in Peshawar suspends operations

The US Consulate General in Peshawar temporarily suspended operations from Monday after protests and security concerns in several Pakistani cities, reported Reuters. Meanwhile, the US also cancelled all visa and American Citizen Services appointments at its embassy in Islamabad and consulates general in Karachi and Lahore for Monday, March 2, The mission said appointments for … Read more

US uses $4m apiece missile to shoot down single Iran drone costing $35k

Tehran’s cheap, abundant drones outlast costly Western interceptors that are slow to replace A Terminal High Altitude Area Defense (THAAD) interceptor is launched, in this undated handout photo. Photo: Reuters The escalating conflict between Iran, the United States and Israel is exposing a widening cost imbalance between Tehran’s mass drone production and the expensive air … Read more