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PSX loses 699 points over spreading ME war

[ A sign of the Pakistan Stock Exchange is seen on its building in Karachi, Pakistan January 11, 2016. PHOTO: REUTERS KARACHI: Investors remained jittery at the Pakistan Stock Exchange (PSX) on Wednesday as the spreading Middle East war sparked caution, which pulled the KSE-100 index down by 698.56 points, or 0.40%, at close. The … Read more

FBR to clear Rs83b refunds in three months

[ KARACHI: On the directives of Prime Minister Shehbaz Sharif to hold monthly meetings with the Karachi business community in the first week of every month, FBR Chairman Rashid Mahmood Langrial, along with his team, met with office-bearers of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI). Highlighting key decisions of the meeting, … Read more

Pensions go fully digital under new rules

ISLAMABAD: The federal government has introduced a new digital pension system under which pension payments will be made exclusively through the system, while pensioners will be required to complete digital verification through NADRA every six months. The Ministry of Finance has issued new rules abolishing the previous paper-based pension verification process. Pensioners will now be … Read more

Several US fighter jets damaged in Iranian strikes on Jordan: report

8 F-15 fighter jets suffered minor damage but were subsequently returned to service Multiple US military aircraft were damaged in Iranian strikes carried out overnight on Tuesday into Wednesday local time at Muwaffaq Salti Air Base in Jordan, CBS News reported, citing sources familiar with the situation. The sources reportedly said that approximately eight F-15 … Read more

Brent holds above $100 as tanker attacks deepen supply fear

[ The sun sets behind oil pumps outside Vaudoy-en-Brie, near Paris, France, March 18, 2026—REUTERS Oil prices held firm on Thursday after Brent crude breached $100 a barrel, with traders ​bracing for deeper supply disruptions as Iran and the United States ‌launched their largest attacks on shipping since their six-month-old conflict began. Brent crude futures … Read more

Gas consumers to pay extra Rs46b

[ ISLAMABAD: As gas utilities face multibillion-rupee losses due to terrorist attacks, the government is studying a proposal to establish 14 dedicated wings keeping in view the CPEC model for security framework to ensure the safety of gas pipelines as well as oil and gas exploration companies, mainly in K-P and Balochistan. The total cost … Read more

Vaccinators’ daily stipend raised by 28%

ISLAMABAD: The Polio Eradication Initiative (PEI) on Wednesday announced a 28% increase in the daily stipend for more than 400,000 campaign-based workers, strengthening its support for the frontline workforce ahead of the next subnational polio vaccination campaign. The upcoming drive, scheduled for September 21-27, 2026, will see vaccination teams reach more than 31 million children … Read more

Gulf disruptions, surging costs worry oil industry

[ ISLAMABAD: Pakistan’s oil industry is facing mounting concerns over the availability and cost of crude oil and petroleum products as prices in the Middle East skyrocket, while repeated changes in the domestic pricing formula are making it increasingly difficult for refineries and oil marketing companies (OMCs) to secure supplies on commercially sustainable terms. Industry … Read more