Oil Hits $100 a Barrel as Turmoil Intensifies in Middle East
[The cost of crude has risen 40 percent since the start of the war in Iran, pushing up the price of gasoline, diesel and other refined fuels.
Bullion cools ahead of US CPI, PPI data
[ KARACHI: Gold prices in Pakistan declined for a second consecutive session on Tuesday, tracking a softer international market where the metal inched lower as rising oil prices fuelled inflation concerns and strengthened expectations of a Federal Reserve rate hike later this month. According to rates issued by the All-Pakistan Gems and Jewellers Sarafa Association, … Read more
Sabalenka conquers Noskova in US Open thriller
The top seed wins 7-6 (7/1), 3-6, 7-6 (10/7) to set up semi-final showdown with Pegula Aryna Sabalenka survives Linda Noskova in three-set thriller at US Open quarterfinals. Photo: AFP NEW YORK: Two-time defending champion Aryna Sabalenka rallied in the final set to beat Linda Noskova on Tuesday and reach a sixth straight US Open … Read more
Egypt, Jordan welcome UK measures restricting trade linked to illegal Israeli settlements
Cairo urges others to follow suit, Amman calls for real consequences for Israel undermining two-state solution Palestinians look at houses besieged by Israeli settlers in Qusra village in the Israeli-occupied West Bank, August 12,2026. PHOTO: REUTERS Egypt and Jordan welcomed measures by the UK restricting trade linked to illegal Israeli settlements in the occupied Palestinian … Read more
Travelers Face More Delays After Major Disruption at British Airports
An air traffic control problem caused more than 1,000 flight cancellations on Tuesday, and airlines warned that the effects could linger.
Traders offered 1% tax scheme
[ FBR offers simplified filing, voluntary compliance, no POS, no audit for small shopkeepers FBR received Rs719 billion worth of sales tax, exceeding the target by Rs85 billion. PHOTO:FILE LAHORE/KARACHI: The Federal Board of Revenue (FBR) has launched a simplified tax return filing facility for small traders, offering a 1% tax rate on turnover with … Read more
PSX loses 994 points as ME conflict dents trust
[ Despite late recovery, KSE-100 closes in the red over oil supply disruption, elevated prices KARACHI: Pakistan Stock Exchange (PSX) remained under pressure on Tuesday as fears of a prolonged Middle East conflict unnerved investors while surging oil prices dented their risk appetite. The benchmark KSE-100 index fell 993.92 points, or 0.57%, to settle at … Read more
New Pak-China agri-route opens
[A new sea-rail route linking Pakistan with Chengdu is offering more than a faster way to bring Pakistani dried chilies into China. It could also provide a new channel for Pakistani agricultural products to reach the vast food-processing and consumer market in southwestern China. Li Jiarun, head of the trade business at Chengdu International Railway … Read more
Oil nears $100 as fresh Middle East strikes raise supply risks
Iran renewed attacks on the United Arab Emirates on Tuesday, causing oil loading at the port of Fujairah to be at least partly halted after the third attack in four days. FILE IMAGE: PIXABAY Oil prices rose for the fourth straight session, gaining more than $1 in early trade on Wednesday after renewed attacks across … Read more
Iran attacks US base in Jordan, ships near Hormuz after tankers sunk
M/T Riesco sinks in the Gulf of Oman, September 8, after being destroyed by CENTCOM forces in response to attempted IRGC attacks on a US Navy warship. PHOTO: REUTERS Iran’s Revolutionary Guard said it fired ballistic missiles at a base in Jordan used by the US military and attacked 10 ships on Wednesday, after the … Read more