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Israel-Iran strikes intensify as US eyes Kharg Island

Trump says US, Iran have been meeting “directly and indirectly,” calls Iran’s new leaders “very reasonable” US President Donald Trump speaks during the Future Investment Initiative Summit in Miami on Friday March 28, 2026. PHOTO: AFP-JIJI The Israeli military said its air defences were responding to “missiles launched from Iran” on Monday, as US President … Read more

Pakistan’s energy crossroads

[ ISLAMABAD: There is understandable concern that ongoing tensions in the Middle East and the sharp rise in oil prices could once again transmit quickly into Pakistan’s economy, fuelling inflation, eroding foreign exchange reserves, and creating broader macroeconomic stress. Pakistan has faced similar shocks before, notably in 2008 and 2022, when Brent crude prices surged … Read more

Hybrid vehicles, EVs can save from $100/barrel oil shock

[ Every EV on road proves to be vote for sovereignty and blow to ‘petrol poverty’ Hybrid vehicles are a mid-term solution before EVs, as Pakistan does not have the infrastructure ready for the electric variants. Photo: file KARACHI: Pakistan stands at a precarious and era-defining crossroads as certain oil benchmarks cross $150-200/barrel threshold. Every … Read more

Positive spillovers of the Gulf crisis

[ Regional instability could redirect data infrastructure, outsourcing and skilled labour to Pakistan ISLAMABAD: A global economic reset has been due for some time, but the cautionary leadership approach left it unaddressed. It is now unfolding through various manifestations, including political and geographic conflicts. The ongoing conflict in the Gulf is certainly a political problem … Read more

Debt sans reform traps growth

[ The finance ministry has admitted that “public debt dynamics remained a key challenge” during the last fiscal year, as the increase in total public debt was “driven mainly by higher interest payments and exchange rate movements”. Photo: file ISLAMABAD: Debt is not inherently harmful if it is used productively – borrowed to invest in … Read more