Oil Keeps Rising and Diesel Hits $6 a Gallon as Middle East Tensions Mount
Prices for the fuel jumped to a new high over mounting fears that the fighting between the United States and Iran could expand into a full-scale war.
Turkiye denounces soda ash dumping duties
[ ISLAMABAD: Turkiye Ministry of Trade has expressed its regrets over the initiation of anti-dumping investigation and “unexpected” imposition of provisional measures on the import of soda ash, which will impede the operation of market forces in a competitive environment. The government of Turkiye has conveyed its official reservations about the preliminary determination and imposition … Read more
UK fund eyes expansion of investment footprint
[ BII expresses interest in climate finance, renewable energy and power transmission ISLAMABAD: British International Investment (BII) plans to invest at least $2 billion across Asia and Africa under its 2026-31 strategy, with a significant focus on South Asia, and has identified Pakistan as an important investment destination. BII Managing Director and Head of Asia … Read more
Organizers of Hong Kong Vigils for Tiananmen Massacre Sentenced to Prison
Chow Hang-tung, Lee Cheuk-yan and Albert Ho were given lengthy prison sentences under a national security law imposed on the city by Beijing.
Cheema orders overseas investment mechanism
[ Federal Minister for Economic Affairs and Establishment Division Senator Ahad Cheema ISLAMABAD: Federal Minister for Economic Affairs and Establishment Division Senator Ahad Cheema on Thursday directed authorities to develop a structured investment mechanism to enable Overseas Pakistanis to invest in viable national infrastructure projects. He issued the directions while chairing a high-level meeting to … Read more
Ushna Shah’s ‘Punch’ teaser completes ‘Sheroes’ three-story reveal
Boxer drama joins Kinza Hashmi’s ‘Artist’ and Zara Noor Abbas’ ‘Gear Up’ ahead of the anthology’s Sept 18 release Ushna Shah’s Punch, one of three standalone stories in the upcoming anthology film Sheroes, has been unveiled ahead of the film’s September 18 cinema release, completing the rollout of its three individual stories. The first look … Read more
Oil prices set to end week above $100 for first time in nearly 4 months
Oil prices rose on Friday and both major benchmarks are on track to end the week above $100 a barrel for the first time since mid-May, as increasing attacks along key shipping routes in the Middle East fuel fears of a prolonged disruption to supplies. Brent crude futures rose 81 cents, or 0.8%, to $108.44 … Read more
Trump says he does not regret Iran war despite impact it may have on midterm elections
US President Donald Trump speaks during an event after signing an executive order renaming Lake Ontario as Lake America in the Oval Office at the White House in Washington, D.C., US, August 27, 2026. REUTERS US President Donald Trump said he did not regret going to war against Iran despite the impact the conflict may have on the November … Read more
Draft refinery upgrade agreement finalised
[ ISLAMABAD: The Petroleum Division has placed the finalised plant upgrade agreement for the country’s existing refineries for approval of the Economic Coordination Committee (ECC), paving the way for implementation of the amended Pakistan Oil Refining Policy for Upgradation of Existing/Brownfield Refineries, 2023. According to an official, the draft agreement has been finalised following consultations … Read more
Trump declines Saudi crown prince’s call for US strikes on Houthis, Axios reports
US officials say administration does not intend to take direct military action against Houthis at this time US President Donald Trump welcomes Saudi Crown Prince and Prime Minister Mohammed bin Salman during an arrival ceremony on South Lawn of White House in Washington, DC, US. Photo: Reuters Saudi Crown Prince Mohammed bin Salman called US President … Read more