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Sugar mills seek export of 600,000 tonnes

[ ISLAMABAD: The Pakistan Sugar Mills Association (PSMA) has demanded immediate permission to export 600,000 metric tonnes of surplus sugar, according to a letter sent to the Federal Minister for National Food Security. The association has requested that permission for exporting the remaining 550,000 tonnes be granted at the start of the new crushing season, … Read more

US launches multiple strikes on Iran, which retaliates against US targets in region

US completes ‘wave of strikes’ on Iran as Tehran retaliates with attacks on military bases in Bahrain, Jordan, Kuwait Spokesperson for the Islamic Republic of Iran Army Brigadier General Mohammad Akaminia. PHOTO: IRNA on X Spokesperson for the Iranian army Brigadier General Mohammad Akaminia stressed over Iran’s strategy in controlling the Strait of Hormuz, and … Read more

Pakistan pitches China, UK for investment

[ ISLAMABAD: Pakistan’s Ambassador to China Khalil Hashmi called on Finance Minister Muhammad Aurangzeb to discuss economic cooperation and investment promotion, according to a statement on Wednesday. Hashmi informed the minister that Memoranda of Understanding (MoUs) valued at over $20 billion had been signed between Pakistani and Chinese entities, with many progressing into formal agreements. … Read more

Argentina stun England in comeback

Lionel Messi sinks to his knees after Argentina reached their second consecutive World Cup final. Photo: AFP ATLANTA: Lautaro Martinez scored a 92nd minute winner as Lionel Messi inspired World Cup holders Argentina to a stunning comeback to beat England 2-1 on Wednesday and set up a final with European champions Spain. England had been … Read more

Argentina late show sinks England and sets up World Cup final against Spain

Argentina’s Enzo Fernandez and Lautaro Martinez struck late goals to snatch a 2-1 win over England FIFA World Cup 2026 – Semi Final – England v Argentina – Atlanta Stadium, Atlanta, Georgia, US – July 15, 2026 Argentina’s Lionel Messi and teammates celebrate after the match. PHOTO: REUTERS Argentina’s Enzo Fernandez and Lautaro Martinez struck … Read more

Trade deficit hits decade-high $39.4b

[ Exports decline 6.8% to $30.1b as imports surge 17.6%, exposing structural weakness KARACHI: Over the past decade, exports grew by a mere 37.4%, up from $21.9 billion in FY2016 to $30.1 billion in FY2026. In the same period, imports surged 69.1% to reach $69.5 billion, causing the trade gap to balloon by 105.2% – … Read more

Gold steady despite US-Iran tensions

[ Rises Rs900/tola, though international markets fall on producer price data; rupee inches up Gold imitation and US dollar banknotes are seen in this illustration picture taken February 20, 2026. Photo: Reuters RATODERO/KARACHI: Gold prices in Pakistan posted gains, although marginal, on Wednesday, bucking the softer trend in international markets, where the precious metal trimmed … Read more

$6.7b oil facility sought from Saudi

Pakistan has sought a $6.7 billion concessional oil financing facility from Saudi Arabia for a period of 15 years, aimed at ensuring energy security amid heightened Middle East conflict that may keep global prices high and put additional stress on the country’s foreign exchange reserves. A spokeswoman of the Ministry of Economic Affairs confirmed to … Read more