Tehran moves to tighten Hormuz chokehold

TEHRAN/DUBAI: Iran’s Revolutionary Guards (IRGC) said on Monday that fibre-optic internet cables passing through the Strait of Hormuz could be brought under a permit system, as Tehran announced the formation of a new body to manage the key waterway. The strait, through which about 20% of global oil supplies pass, is currently a flashpoint amid … Read more

Pak condemns drone strike on UAE nuclear plant

. ISLAMABAD: Pakistan on Monday condemned the drone attack on the Barakah Nuclear Energy Plant in the United Arab Emirates (UAE), saying that deliberate targeting of nuclear facilities constitutes a grave violation of international law and that such reckless actions carry potentially catastrophic and irreversible consequences for human life. In a statement issued by the … Read more

Wapda hydel generation crosses 6,000MW

. LAHORE: With increased indent by Indus River System Authority (IRSA) from the water reservoirs, Wapda’s hydel power generation surpassed 6,000MW, supplying 6,118MW to the national grid during peak hours last night, according to a statement on Monday. Tarbela Hydel Power Station contributed 2,332MW, with its fourth extension adding 1,095MW. Ghazi Barotha generated 1,160MW, Mangla … Read more

S&P cites macro stress risk from ME war

ISLAMABAD: S&P Global Market Intelligence has identified Pakistan as the economy facing the highest macro-financial stress risk under a prolonged Middle East conflict scenario. This is part of the latest assessment of major Asia-Pacific (APAC) economies. The outlook projects Pakistan’s real GDP growth to ease to 3.2% in fiscal year 2027, with the balance of … Read more

Govt explores AIIB financing

. ISLAMABAD: Federal Minister for Finance Muhammad Aurangzeb on Monday held a meeting with a delegation of the Asian Infrastructure Investment Bank (AIIB), led by its President Zou Jiayi, at the Finance Division. The minister appreciated AIIB’s continued partnership with Pakistan in supporting infrastructure development, economic reforms and long-term development financing. He thanked AIIB for … Read more

Import push C/A back into deficit

Analysts said Pakistan’s external sector remained stable for now due to strong remittances and IMF‑backed financing support, but cautioned that a sustained increase in imports without corresponding export growth could revive balance‑of‑payments risks. photo:file KARACHI: Pakistan’s external account slipped back into deficit in April 2026 as a sharp rise in imports outpaced export growth, highlighting … Read more

Pinky’s remand extended by four days

KARACHI: A Judicial Magistrate South on Monday extended the physical remand of alleged drug queenpin Anmol alias Pinky by four days in a murder case registered at Baghdadi Police Station. During the proceedings at the Judicial Complex inside the jail premises, the investigation officer sought permission to record the complainant’s statement under Section 164 of … Read more

Elon Musk loses lawsuit against OpenAI

The trial was seen as a key moment for OpenAI’s future and broader AI use and benefits A combination image shows OpenAI CEO Sam Altman and Elon Musk during the trial. REUTERS A United States jury on Monday ruled against Elon Musk in his lawsuit against OpenAI, ​finding the artificial intelligence company not liable to … Read more

K-P CM Afridi and Governor Kundi unite on provincial rights, vow joint fight

CM, Governor accuse Punjab, federal govt of violating Constitution; warn of public unrest  K-P Chief Minister Sohail Afridi and Governor Faisal Kundi. Photo: NNI PESHAWAR: Khyber-Pakhtunkhwa Chief Minister Sohail Afridi and Governor Faisal Karim Kundi on Monday set aside political differences to jointly demand the province’s constitutional rights, particularly regarding wheat supply and CNG supply. Addressing … Read more