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Senate briefed on alternative sourcing amid turmoil

[ PSO details contingency measures; committee seeks accountability over Multan LPG tanker explosion KARACHI: The Senate Standing Committee on Petroleum has reviewed the country’s fuel supply situation and energy security during a meeting at Pakistan State Oil (PSO) headquarters, with members expressing satisfaction over measures taken to ensure uninterrupted petroleum supplies amid regional challenges. PSO … Read more

Sindh motor insurance surges 1,374% after mandate

[ ISLAMABAD: Third-party motor insurance coverage in Sindh has surged 1,374% within three months of the provincial government making it mandatory for all registered vehicles, according to the Securities and Exchange Commission of Pakistan (SECP). Following the enactment of the Provincial Motor Vehicles (Amendment) Act, 2026, in March, active third-party policies in Sindh increased from … Read more

UN warns vulnerable states still at risk

[ GENEVA: The UN trade and development agency warned on Tuesday that while the reopening of the Strait of Hormuz will bring immediate relief to energy markets, vulnerable economies remain at risk from prolonged increases in food and fuel costs. Food and transport systems are likely to take longer than energy markets to recover, as … Read more

Lahore roof collapse claims 14 young lives

Relatives mourn the death of children in a roof collapse incident in Lahore. Photo: REUTERS LAHORE: At least 14 children were killed and nine others, including a teacher, were injured after the roof of a private tuition centre collapsed in Lahore’s Kahna area on Tuesday, triggering a massive rescue operation as authorities launched an investigation … Read more

Investor optimism powers PSX above 180k

[ Index advances 1,887 points over notable buying in key sectors, falling oil prices KARACHI: Pakistan’s stock market on Tuesday closed sharply higher as improving investor interest and broad-based buying across key sectors propelled the benchmark KSE-100 index above the 180,000-point mark. The index rose 1,886.91 points, or 1.06%, to settle at 180,301.70. During the … Read more

Sanghar well starts production

[ During production test, Chak 63-05 produced 600 barrels of bpd, 10.5m standard cubic feet of gas per day (mmscfd) ISLAMABAD: Oil and Gas Development Company (OGDC) has successfully completed Chak 63-05, a new development well in the Chak 63 Development & Production Lease located in Sanghar district of Sindh, marking another milestone in the … Read more

US envoys reach Doha but Iran rules out direct talks

DOHA/ TEHRAN: Iran will hold ?talks with mediator Qatar on Wednesday (today) ?to discuss the implementation of the Islamabad Memorandum of Understanding (MoU), with the Iranian foreign ministry spokesperson saying that the release of country’s ?frozen assets would be a key topic of discussion. Esmaeil Baghaei said on ?Tuesday that no meeting was planned with … Read more