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Pakistan in delicate balancing act

. ISLAMABAD: Pakistan on Saturday condemned both the Israeli and US strikes against Iran and Iran’s retaliatory attacks on several Gulf countries, in what appears to be a carefully calibrated diplomatic response aimed at maintaining balance amid a rapidly escalating regional crisis. In a strongly worded statement, the Foreign Office expressed regret over the “breakdown … Read more

Businessmen fear FBR’s free raid powers

[ . KARACHI: Korangi Association of Trade and Industry (KATI) President Muhammad Ikram Rajput has expressed deep concern over the Federal Constitutional Court’s rejection of the plea to declare raids against taxpayers without a case unlawful and the subsequent granting of additional powers to tax authorities. Rajput said that under the new powers, tax officials … Read more

South Africa offers gateway to businesses

[ Envoy highlights opportunities in renewable energy, auto manufacturing & pharmaceuticals ISLAMABAD: Acting South Africa High Commissioner Rudolph Pierre Jordaan has said that South Africa is a land of infinite possibilities and one of Pakistan’s largest trading partners in Africa, offering an investor-friendly environment supported by progressive policies and a young, energetic workforce. He expressed … Read more

PSC to supply six cotton varieties for early sowing

[ ISLAMABAD: The Punjab Seed Corporation (PSC) will provide certified seed of six cotton varieties to farmers across the province for the ongoing early sowing campaign. Talking to Wealth Pakistan, Shahid Qadir, Director of Punjab Seed Corporation, said the varieties available for sale are SS-32, SS-102, NIAB-878, NIAB-Kiran, NIAB-Sanib and NIAB-545. He said the price … Read more

Mideast on cusp of wider war

The United States and Israel attacked Iran on Saturday, targeting its top leaders and calling for the overthrow of its government, while Iran responded with missiles fired at Israel and neighbouring Gulf countries. Iran's Al-Alam television said Supreme Leader Ayatollah Ali Khamenei — yet to be heard from by Saturday evening — was due to … Read more

OPEC+ mulls larger oil output boost

[ Sources say KSA, UAE have already raised exports; oil majors, traders have suspended shipments via Hormuz This comes after Saudi last month agreed to a surprise output cut of oil cartel OPEC, the first in eight years. PHOTO: AFP LONDON/MOSCOW: OPEC+ may consider a larger-than-planned output increase of 411,000 barrels per day at a … Read more