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Shale profits surge as war on Iran lifts crude to $126

[ BENGALURU: US shale producers are expected to report their strongest quarterly profits since 2022 after the Iran war sent crude prices soaring, with analysts expecting much of the windfall to be returned to shareholders rather than spent on expanding production. ConocoPhillips, Occidental Petroleum, EOG Resources, Diamondback Energy and Devon Energy are among the producers … Read more

PCF announces annual event calendar 2026-27

The President of the Pakistan Cycling Federation (PCF), Syed Azhar Ali Shah, has announced that the Pakistan Cycling Federation has released its annual event calendar for 2026-27. According to the calendar, the National Road Cycling Championship will be held in Karachi in October 2026. The championship will feature participation from all affiliated units of the … Read more

Stocks surge 2,100 points on oil price dip

[ Easing Gulf situation drives optimism; investors focus on banking, cement, fertiliser sectors KARACHI: Renewed investor optimism lifted the Pakistan Stock Exchange (PSX) on Monday as the benchmark KSE-100 index surged more than 2,100 points, driven by a robust buying momentum across major sectors following a sharp decline in international oil prices. The KSE-100 settled … Read more

New system to overhaul agri-trade

[ NAFSA to replace outdated plant protection regime with AI-powered digital platform QUALITY SERVICES: Cheema said NAFSA is one of the most significant institutional reforms in Pakistan’s agriculture sector and will greatly improve the business environment for importers and exporters dealing in plants, seeds, and other agricultural products. PHOTO: FILE ISLAMABAD: The government is establishing … Read more

GEPCO line losses drop to 9.8%

[ ISLAMABAD: Gujranwala Electric Power Company (GEPCO) reduced its line losses to 9.80% in FY2025-26, down from 10.43% a year earlier, marking the first time the company has brought losses into single digits, according to a statement on Monday. The improvement was accompanied by a recovery rate exceeding 100%, zero contribution to the national circular … Read more

Status of US-Iran talks uncertain as ship struck in Hormuz

Trump said talks underway on Monday, but Iran denied that negotiations were being held or planned Vessels at the Strait of Hormuz, as seen from Musandam, Oman, June 18, 2026—REUTERS Conflicting signals from the United States and Iran over the status of talks to end their five-month-old war boosted uncertainty on Tuesday, with the latest attack on ​shipping … Read more