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USF approves Rs32.9b to push 4G projects

[ ISLAMABAD: The Universal Service Fund (USF) policy committee approved a Rs32.90 billion budget for fiscal year 2026-27 on Tuesday and advanced 15 4G projects that target 3.66 million people across 1,893 mauzas in 21 districts. Federal Minister for Information Technology and Telecommunication Shaza Fatima Khawaja chaired the meeting. USF Chief Executive Officer Mudassar Naveed … Read more

Türkiye, US agency sign grant agreement on next-generation nuclear technologies

Agreement in line with Türkiye’s 2053 net-zero emissions, energy independence goals Türkiye, US agency sign grant agreement on next-generation nuclear technologies. PHOTO: ANADOLU AGENCY The Turkiye Nuclear Energy Incorporated (TUNAS) and the US Trade and Development Agency (USTDA) signed a grant agreement on small modular reactors (SMRs) and fourth-generation reactors at a ceremony at Turkevi … Read more

Finance ministry dismisses fiscal numbers-only claim

[ ISLAMABAD: A day after Planning Minister Ahsan Iqbal sought a role for the Planning Commission in the International Monetary Fund (IMF) talks and described it as “fiscal numbers” focused, the Ministry of Finance on Tuesday turned down the assertion. The “IMF programme is demonstrably not confined to numbers or fiscal targets”, said the ministry … Read more

Oil falls $1 on better supply outlook, hopes for US-Iran talks

[ In FY24-25, the royalty collected from the oil and gas fields in Sindh was around Rs60 billion. PHOTO: FILE Oil prices extended declines on Wednesday as investors eyed improved ​Gulf supply after Saudi Arabia restarted operations at a critical pipeline. Hopes for a diplomatic solution to ‌the US-Iran war also weighed on prices. Brent … Read more

Oil, gas reserves hit 3.72b BOE

[ In FY24-25, the royalty collected from the oil and gas fields in Sindh was around Rs60 billion. PHOTO: FILE KARACHI: Pakistan’s recoverable oil and gas reserves climbed to an estimated 3.72 billion barrels of oil equivalent (BOE) by June 2026, as new discoveries and reserve upgrades offset depletion at several mature fields, according to … Read more

Iran says it conveyed conditions for end to war to US through Qatari mediator, IRNA reports

Iran engaged with the United States through a Qatari mediator in New York and conveyed conditions including an end to the war on all fronts and a halt to what Tehran called US "acts of aggression," Iranian Foreign Ministry spokesperson Esmail Baghaei told state news agency IRNA. Baghaei said Iran's conditions also included an end … Read more