Former foreign minister and PPP Chairman Bilawal Bhutto-Zardari has cautioned that tensions between Pakistan and India will continue to rise unless both countries engage in dialogue. Speaking at a press conference in Brussels, Bilawal accused India of evading negotiations, exacerbating instability in the region. He is leading a high-level Pakistani delegation to the EU to […]
India’s aviation industry is grappling with heavy losses and operational chaos after six countries, including Iran, Iraq, and Jordan, shut their airspace in response to escalating Iran-Israel tensions. At least 30 Indian flights were diverted, with several key international routes—such as Delhi-Washington and Mumbai-New York—forced to cancel or reroute. The sudden closures stranded two Delhi-bound flights in Iranian airspace […]
Oil prices rocketed 7% on Friday, marking their sharpest single-day gain since the Ukraine war, as Israel and Iran’s exchange of airstrikes ignited fears of Middle East supply disruptions. Brent crude settled at $74.23 after briefly spiking 13% to $78.50, while U.S. WTI crude hit $77.62—both benchmarks posting double-digit weekly gains. The volatility reflects trader panic over potential attacks on key oil […]
The Reko Diq Copper Project is set to significantly impact Pakistan’s economy, contributing nearly 1% to the country’s GDP each year. Supported by a $700 million financing package from the International Finance Corporation (IFC) and the World Bank, this project represents Pakistan’s largest mining investment. Dr. Tauqir Shah, a senior advisor to the prime minister, […]
Awami Muslim League (AML) chief Sheikh Rashid Ahmed has lashed out at the federal budget, claiming it was crafted to appease international financial institutions rather than assist Pakistan’s poor. Speaking to journalists outside an Anti-Terrorism Court (ATC), the former minister dismissed the budget as a “debt budget,” arguing that it prioritizes foreign lenders over the […]
Iran has dismissed U.S. negotiations over its nuclear program as “meaningless” following Israel’s unprecedented military strike. Foreign Ministry spokesperson Esmaeil Baghaei accused Washington of enabling the attack, stating, “The U.S. cannot pretend to engage in diplomacy while allowing Israel to target Iranian soil.” Tehran argues that the strike derailed diplomatic progress, claiming Israel acted with American approval. […]
The Lahore High Court (LHC) has made history by implementing its first-ever expenditure reduction policy in 150 years, spearheaded by Chief Justice Aalia Neelum. In a groundbreaking move, government vehicles assigned to Grade 20 and 21 officers will be withdrawn and replaced with monthly cash allowances for fuel and maintenance. A formal monetization policy notification […]
Pakistan has warned that Israel’s military strikes on Iranian nuclear and military sites pose a “serious threat to regional and global security”, during an urgent UN Security Council meeting convened on Friday. Ambassador Asim Iftikhar Ahmad, Pakistan’s Permanent Representative to the UN, condemned the attacks as “unjustified and illegitimate”, reaffirming Islamabad’s firm support for Iran. The session, […]
Finance Minister Muhammad Aurangzeb has endorsed increasing the retirement age from 60 to 62 years to curb Pakistan’s unsustainable pension burden. During a Senate committee meeting on the 2025-26 Finance Bill, Aurangzeb acknowledged that unfunded pension liabilities are “huge,” necessitating reforms. The proposal follows last year’s rollout of a Defined Contributory Pension scheme for civilians, but military pensions—which retire […]
Iran has launched its most aggressive retaliation yet, firing over 200 missiles at Israel in a dramatic escalation of hostilities. The strikes, dubbed “Operation True Promise 3” by Tehran, come in direct response to Israel’s unprecedented airstrikes on Iranian soil. At least four people have been killed and 63 injured in Israel, with explosions reported in Tel Aviv and Jerusalem. Israeli rescue […]
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