DUBAI: Asian and European buyers of liquefied natural gas plan to push for lower prices and additional supply guarantees from Qatar and the United Arab Emirates after the U.S.-Iran war drove up insurance costs on deliveries from the region, buyers, traders and industry executives told Reuters. The war has reshaped the global energy industry, undercutting the reputation of Gulf producers
Author: Web Desk
KARACHI: The Dumpers Association has rejected the government’s proposed plan to revise petroleum product prices on a daily basis, warning that the move would have serious consequences for the transport sector. Association President Haji Liaquat Mehsud said daily fluctuations in fuel prices would significantly disrupt transport operations and create uncertainty for businesses. He warned that frequent changes in fuel prices could affect transport fares, construction activities, and the supply of essential goods, ultimately increasing the financial burden on the public. Mehsud urged the government to immediately reconsider the proposal and adopt a stable and practical pricing policy for petroleum products…
Petroleum Minister Ali Pervaiz Malik has explained why fuel prices are rising across Pakistan. Ali Pervaiz Malik linked the rise to global oil prices hike over the past two weeks. The minister said that determining petroleum prices is not a straightforward process under the current circumstances, given the volatility in international oil markets. He noted that petroleum dealers are also demanding an increase in their profit margin from the existing 8%, adding that the current petroleum levy remains lower than it was before the regional conflict. “On one hand, global oil prices are witnessing significant volatility, and on the other,…
Naqvi expresses optimism that ongoing Mideast diplomatic initiatives will yield positive outcomes Interior Minister Naqvi meets his Iranian counterpart. Interior ministerlauds Iranian leadership’s peace efforts. Talks focused on combating terrorism, narcotics trafficking. Pakistan and Iran on Wednesday reaffirmed their commitment to strengthening bilateral cooperation in security, border management and regional stability. The resolve came during a meeting between Federal Interior Minister Mohsin Naqvi and his Iranian counterpart, Eskandar Momeni, who is on a three-day official visit to Islamabad. The visit underscored the growing momentum in Pakistan-Iran relations, with both sides agreeing to intensify collaboration in counterterrorism, counternarcotics, curbing illegal immigration…
Deputy PM says attempting to weaponise water resources violated int’l obligations and threatened 250 million lives By APP DPM Dar addresses 33rd ARF Ministerial Meeting. Failure to resolve disputes accelerated stability issues: Dar. Reaffirms Pakistan’s role in facilitating peace and de-escalation. Deputy Prime Minister and Foreign Minister Ishaq Dar called upon the international community and the Asean Regional Forum (ARF) to support a peaceful resolution of core regional conflicts, emphasising that the unresolved Jammu and Kashmir dispute and India’s unilateral decision to hold Indus Waters Treaty in abeyance remained at the heart of South Asian instability. The deputy prime minister,…
In call with Saudi Crown Prince, PM reaffirms Pakistan’s complete solidarity with Saudi Arabia at this critical time M Shehbaz says Houthi attacks violated international law. Houthis claim missile and drone strikes on Saudi oil tankers. KSA confirms tanker Encelia was struck in Red Sea attack. ISLAMABAD: Pakistan and Saudi Arabia on Thursday agreed to continue working very closely to maintain regional peace, security, and the uninterrupted flow of lawful maritime commerce through the Red Sea after Houthi attacks on Saudi oil tankers. The agreement came during a telephonic conversation between Prime Minister Shehbaz Sharif and Saudi Crown Prince and…
Organisers say competition arranged to promote Pakistani culture and present positive image of country to the wider world LONDON: The first-ever tent pegging competition was held in London, featuring more than 100 pedigree horses and riders from across the United Kingdom and Pakistan. Several Pakistani and Kashmiri Nezabazi groups travelled from Bradford, Birmingham, Manchester and other parts of the UK to participate in the historic event, which took place at a rugby ground in Acton. At least 16 leading riders travelled specially from Pakistan to compete – mainly from Jhelum, Multan and Pindi. The event was organised by British Pakistani…
Officials say reopening Phargam An Pass would help showcase region’s mountaineering potential KARACHI: A Pakistani expedition has successfully crossed and summited the remote Phargam An Pass (5,100 metres) in the Hindu Kush for the first time in 27 years, while women climbers reached the summit for the first time, officials said on Tuesday. The expedition, supported by the Khyber Pakhtunkhwa Culture and Tourism Authority (KPCTA), reopened the historic high-altitude route linking the Laspur Valley in Upper Chitral with the Golain Valley in Lower Chitral. The team navigated glaciers, steep snow slopes, loose rock and avalanche-prone terrain to reach the summit…
Haris Rauf climbs two places while Mohammad Wasim Jr improves one spot Pakistan batter Babar Azam climbed in the latest International Cricket Council (ICC) Men’s ODI Player Rankings, while several other national players also improved their standings following strong performances in the West Indies-New Zealand series. In the ODI batters’ rankings, Babar climbed one place to sixth with 689 rating points, up from seventh. Salman Ali Agha also made progress, rising two places from 18th to 16th with 630 points. Former captain and wicketkeeper-batter Mohammad Rizwan retained his 31st position with 560 points, while left-handed opener Fakhar Zaman slipped one…
Meetings review Pakistan’s performance under EFF, RSF and the broader IMF reform programme By Business Desk | Published July 23, 2026 Finance Minister Muhammad Aurangzeb reviewed Pakistan’s macroeconomic performance and reform progress with senior International Monetary Fund (IMF) officials.The meetings come as Islamabad seeks to maintain programme credibility, strengthen foreign exchange reserves and return to international capital markets, the finance ministry said on Thursday. According to a statement issued by the Ministry of Finance, Aurangzeb held a series of meetings with IMF senior management, including First Deputy Managing Director Dan Katz, Deputy Managing Director Nigel Clarke, Middle East and Central…
