Strait of Hormuz situation ‘will not return to the past,’ Iran says amid escalating Mideast tensions

France won’t join to open Hormuz by force but ready to help secure key shipping routes, French PM says 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. … Read more

PSDP cut by Rs100b for fuel subsidy

[ ISLAMABAD: The government has slashed the development budget by Rs100 billion, or one-tenth, to pay for fuel subsidies, opting for the “easiest prey” instead of utilising contingency budgetary allocations earmarked for such unforeseen events. The maximum cut of Rs22.3 billion has been placed in the budget of the National Highway Authority (NHA), followed by … Read more

Weak governance undermines urban projects

Infrastructure investment gap widening to $125b by 2040, costing economy 6% of GDP To encourage innovation, there is a need to establish AI research hubs focused on urban and sustainable design. Photo: Reuters KARACHI: While development partners continue to emphasise robust project preparation as the foundation for sustainable urban infrastructure, experts argue that Pakistan’s deeper … Read more

Railways’ record earnings collide with safety fears

[ Derailments shake public confidence; travellers await upgraded tracks, signalling systems LAHORE: Pakistan Railways is celebrating record passenger revenues, but a string of recent derailments is raising uncomfortable questions about whether financial gains are outpacing safety reforms on the ground. The department earned Rs110 million on the first day of Eid, Rs170 million on the … Read more

SECP okays seven pension funds

[ . ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has approved seven pension funds for the government of Balochistan, which reflects the practical implementation of the Defined Contribution pension model in the province. This initiative is part of the government’s broader strategy to shift from the traditional Defined Benefit pension system to a … Read more

Gold rollercoaster continues, up Rs15,200

[ Reaches Rs479,262/tola; safe-haven asset shifts to investment class in current condition At current prices, the looted gold is worth around $70 million. PHOTO: PIXABAY KARACHI: Gold prices in Pakistan recorded a sharp increase on Wednesday, continuing the trend of massive fluctuations seen in recent days. The per-tola price rose by Rs15,200 to reach Rs479,262, … Read more

Karachi set to host 31st International Mushaira

international mushaira

KARACHI: The 31st Sakinaan-e-Shehr-e-Quaid International Mushaira is set to take place on March 28 at Expo Centre Karachi, with organisers promising a memorable literary gathering rooted in the city’s long-standing cultural traditions. The announcement was made during a press conference held at the Karachi Press Club by chief organiser Mahmood A. Khan, alongside Karachi Press … Read more