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Oil falls for a third straight day after US, Iran conclude talks in Doha

[ Brent futures lost 1.1% to $70.78 a barrel; US West Texas ​Intermediate crude fell 1.2% to $67.74 a barrel Oil prices dropped about 1% on Thursday, down for a third consecutive day, after Qatar said Iran and the US ​had made progress in indirect talks focused on the Strait of Hormuz, ‌which handled one-fifth of global oil supply … Read more

More than 1,000 hectares burned as wildfires continue in southern France

Firefighters battle blazes near Marseille and on Herault-Aude border as strong winds hamper containment efforts Firefighters continued battling the blazes Thursday amid strong winds and dry conditions. PHOTO: ANADOLU AGENCY More than 1,000 hectares (2,471 acres) of land have burned in multiple wildfires across southern France as hundreds of firefighters continued battling the blazes Thursday … Read more

SECP unveils first ESG Mutual Funds Framework

[ It will encourage companies to improve environmental, social and governance practices ISLAMABAD: Pakistan has taken a major step towards sustainable finance as the Securities and Exchange Commission of Pakistan (SECP) has issued the country’s first ESG Mutual Funds Framework. The framework enables asset management companies to launch environmental, social and governance (ESG)-focused mutual funds, … Read more

Privatisation body extends deadline for EOIs

[ ISLAMABAD: The Privatisation Commission has extended the deadline for the submission of Expressions of Interest (EOIs) for the privatisation of Faisalabad Electric Supply Company (Fesco) and Gujranwala Electric Power Company (Gepco) under the batch-I DISCOs sell-off programme. The revised deadlines are August 7 for Fesco and August 21 for Gepco, said a press release … Read more

Progress made after facilitating US-Iran talks in Doha: FO

Parties agree to continue discussions in coming period, with next round of talks to be scheduled Pakistan and Qatar facilitated separate meetings between United States and Iranian negotiators in Doha on Thursday, with both sides reporting positive progress on issues linked to the Islamabad memorandum of understanding (MoU), according to an official statement. A statement … Read more