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Petroleum minister, Kuwaiti exploration company discuss expanding energy cooperation

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Ali Pervaiz Malik says government remained committed to expanding its long-standing energy cooperation with Kuwait Petroleum Minister Ali Pervaiz Malik holds meeting with Kuwait Foreign Petroleum Exploration Company (KUFPEC) Vice President for Operations Tariq Ibrahim. SCREENGRAB Petroleum Minister Ali Pervaiz Malik on Tuesday met Kuwait Foreign Petroleum Exploration Company (KUFPEC) Vice President for Operations Tariq … Read more

AliExpress hit with $629m EU fine

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[ BRUSSELS: Alibaba’s AliExpress was hit with a record €550 million ($629 million) fine from the European Union on Monday for failing to tackle sales of illegal, unsafe and counterfeit products on its platform. The fine was the third issued by the European Commission under the EU’s landmark Digital Services Act, which requires very large … Read more

9 workers killed, several others trapped in northeast Indian tunnel collapse

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Rescue operation underway in Sikkim state where incident took place at a under-construction tunnel At least nine workers were killed and several others are trapped after a tunnel collapsed in India’s northeastern state of Sikkim, officials said. According to a statement by the Sikkim government, nine people have died at the under-construction tunnel of a … Read more

Three-pronged strategy devised for seamless oil supply

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[ Govt targets higher refinery output and oil imports, vows to tackle stock manipulation ISLAMABAD: Amid mounting tensions between the US and Iran, Pakistan’s government has developed a three-pronged strategy, which includes boosting refinery production, increasing oil imports and launching a crackdown on oil marketing companies (OMCs) over stock manipulation. OMCs have reportedly been involved … Read more

Oil prices ease as mediators propose US-Iran ceasefire

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The sun sets behind oil pumps outside Vaudoy-en-Brie, near Paris, France, March 18, 2026—REUTERS Oil prices fell on Tuesday, with markets ​weighing reports of mediation efforts between the US and Iran against an exchange of ‌fresh attacks between the two and threats of a naval blockade of Saudi Arabia by Yemen’s Houthis. Brent crude futures fell … Read more

Geopolitics spurs data localisation

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[ More than 30 data centres are currently operating in Pakistan. Several public sector institutions, including the State Bank and the PTA, as well as a number of private companies, have already established local data centres to provide digital infrastructure and hosting services. photo: REUTERS KARACHI: Pakistan is set to migrate public and private sector … Read more

Profit repatriation hits $2.31b

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[ KARACHI: Pakistan’s improving foreign exchange position has translated into higher outward remittances by multinational companies, with foreign investors repatriating $2.31 billion in profits and dividends during fiscal year 2025-26 as payment bottlenecks eased. Data released by the State Bank of Pakistan (SBP) on Monday showed total profit and dividend repatriation on foreign investment increased … Read more