[ NEW YORK: Oil prices fell about 5% to a three-month low on Tuesday as traders hoped the US and Iran would agree to end the war and allow oil to flow through the Strait of Hormuz. Prices, which were already down about 4% Tuesday morning, extended those losses following a Wall Street Journal report … Read more

[ Oil prices inched lower on Wednesday, extending the previous session’s ​declines as investors assessed the US-Iran peace deal, though uncertainty over the full resumption of shipping through ‌the Strait of Hormuz limited further falls. Brent crude futures dipped 16 cents, or 0.2%, to $78.80 a barrel by 0340 GMT, while US West Texas Intermediate fell … Read more

[ LAHORE: Punjab has not introduced any new tax in its budget for fiscal year 2026-27, offering some relief to the province’s cash-strapped residents. However, the government plans to raise the rates of several existing taxes to meet its revenue targets. The proposed Finance Bill 2026 seeks higher rates for token tax, Abyana (water tax) … Read more

A $300 billion private fund designed to trigger investment into Iran is outlined in the US-Iran framework agreement, and more than half that sum has already been committed, a source with direct knowledge of the deal told Reuters. The fund is designed to give both sides an economic incentive to conclude a final deal to end the war, … Read more

[ LAHORE: The Punjab government has allocated Rs91.9 billion for agriculture in its budget for fiscal year 2026-27, as part of a combined Rs132.54 billion set aside for development and non-development spending on the agriculture, livestock, and fisheries sectors. Government officials describe these sectors as the backbone of the province’s economy, food security and export … Read more