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Refinery output up 10.7%, OMC sales down 7%

[ KARACHI: Pakistan’s oil supply chain delivered a mixed but telling performance in April 2026, reflecting contrasting trends across upstream and downstream segments. While refinery operations strengthened on the back of improved product output and higher utilisation, retail fuel demand came under pressure due to elevated prices and shifting consumption patterns amid geopolitical uncertainty. This … Read more

MEPCO losses worry regulator

[ ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has aired serious concern over greater losses and funding under-utilisation as well as found fault with the multibillion-rupee investment plan submitted by Multan Electric Power Company (Mepco) under its five-year programme spanning 2025-26 to 2029-30. According to the regulator, Mepco failed to justify its Rs119.4 billion … Read more

Lara Croft back on adventure trail

sophie turner leading a large scale reimagining of the iconic franchise photo amazon mgm studios

Phoebe Waller-Bridge’s ‘Tomb Raider’ series resumes filming after brief injury-related pause Sophie Turner leading a large-scale reimagining of the iconic franchise. Photo: Amazon MGM Studios The long-anticipated live-action ‘Tomb Raider’ series, developed by Phoebe Waller-Bridge for Prime Video, continues to generate significant global attention as production progresses on one of the streaming platform’s most high-profile … Read more

Blast at fireworks factory in China’s Hunan kills 21, Xi calls for probe, state media says

Video shows thick clouds of smoke rising from a large site littered with collapsed buildings and debris Firefighters work to extinguish a fire following a blast at a fireworks manufacturing factory in Liuyang, Hunan province, China. PHOTO: REUTERS A blast at a fireworks factory in China’s Hunan province has killed 21 people and injured 61, … Read more

Nishat Group’s Rafhan Maize deal cleared

[ ISLAMABAD: The Competition Commission of Pakistan (CCP) has approved the proposed acquisition of shareholding in Rafhan Maize Products Company by a consortium comprising entities of the Nishat Group and associated individuals, following a phase-I review conducted under Section 11 of the Competition Act, 2010. The transaction involves the acquisition of shares of Rafhan Maize … Read more

Fire at UAE’s Fujairah port not a planned Iranian attack, says Iranian military official

Official instead blames fire on ‘US adventurism’ aimed at creating passage for ‘illegal transit of ships’ Vessels in the Strait of Hormuz near Bandar Abbas, Iran, May 4, 2026. PHOTO: REUTERS An unnamed Iranian military official says the fire at Fujairah port was not a planned Iranian attack and instead shifted the blame to the … Read more

PSX holds gains in choppy trade

[ KARACHI: The Pakistan Stock Exchange (PSX) opened the week on a strong footing, where the benchmark KSE-100 index surged in early trading. Investor sentiment was buoyed by expectations of a potential peace agreement between the US and Iran. Optimism around stable global oil prices further supported broad-based buying across the market. At 9:34 am, … Read more