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Apex court fixes Imran’s contempt plea for July 20

ISLAMABAD: The Supreme Court has finally fixed for July 20 (Monday) the contempt proceedings over the non-implementation of its order allowing meetings with PTI founder Imran Khan. A three-judge bench headed by Justice MuhammadAli Mazahar will hear the contempt petition over the non-implementation of its March 24 order directing jail authorities to allow the PTI … Read more

Oil heads for weekly gain

[ NEW YORK: Oil prices rose by 3% on Friday after the US and Iran stepped up attacks across the Gulf, with shipping threatened by a potential Red Sea closure on top of the restricted traffic through the Strait of Hormuz. Brent crude futures rose by $2.49, or 2.96%, to $86.72 a barrel by 1550 … Read more

Auto financing surges 38% to Rs382 billion

[ KARACHI: Bank lending to the automobile sector, housing finance, personal loans and private-sector credit exhibited a strong year-on-year growth in Pakistan. According to statistics released by Arif Habib Limited (AHL), auto financing increased by 3.4% month-on-month and 38% year-on-year. Outstanding auto loans reached Rs381.69 billion in June 2026. Earlier, Pakistan Automotive Manufacturers Association reported … Read more

IT exports hit record $4.6b

[ KARACHI: Pakistan’s information technology (IT) exports climbed to a record $4.600 billion in fiscal year 2025-26, extending the sector’s strong growth trajectory and reinforcing its position as the country’s largest services export. According to the State Bank of Pakistan’s (SBP) Balance of Payments data released on Friday, exports under the “Telecommunications, Computer and Information … Read more

Iran renews attacks on Gulf states after another night of US strikes

Washington and Tehran have been testing the limits of escalation since their ceasefire agreement collapsed last week Smoke rises following a strike at an unknown location during what the U.S. military says is its latest wave of strikes on Iran, hitting “Iranian military targets such as coastal surveillance and air defense sites, military logistics infrastructure, … Read more

Pakistan seeks strategic investment ties with Egypt

[ ISLAMABAD: Federal Minister for Commerce Jam Kamal Khan has called for transforming Pakistan-Egypt relations into a stronger economic partnership based on trade, investment, joint production, technology cooperation and regional value chains. He was speaking at a reception held in Islamabad to celebrate the National Day of Egypt. The event was attended by ambassadors, high … Read more