Global oil prices climbed to their highest levels in months as tensions between the United States and Iran intensified. The rally pushed Brent crude above $87 per barrel and triggered declines across major global stock markets. Higher energy prices could increase inflationary pressures in oil-importing countries, including Pakistan. Brent crude rose $3.10, or 3.68%, to […]
Iran accuses US of civilian infrastructure attacks
Iran’s permanent representative to the United Nations has accused the United States of attacking civilian infrastructure in a letter to UN Secretary-General António Guterres. Tehran said the strikes caused extensive damage and threatened regional stability. The allegations add to growing diplomatic tensions over the conflict. According to Iranian UN envoy Amir-Saeid Iravani, the US attacks […]
Government cuts national savings profit rates
The government has reduced profit rates on several National Savings schemes, lowering returns for investors across Pakistan. The revised rates affect welfare, pension, and income certificate holders. The changes are expected to influence returns for thousands of savers. According to an official National Savings notification, the annual profit rate for the Behbood Savings Certificate and […]
Pakistan extends airspace ban until August 24
Pakistan has extended its airspace ban on Indian aircraft until August 24, according to the Pakistan Airports Authority. The decision affects Indian airlines, military aircraft, and leased planes. The continued restriction forces Indian carriers to use longer international routes, increasing operational costs. According to a Notice to Airmen (NOTAM) issued on Saturday, the restriction will […]
Kuwait seeks expanded security partnership with Pakistan
Pakistan and Kuwait are holding preliminary talks on expanding defence cooperation under a broader agreement, according to sources familiar with the discussions. The proposed arrangement could link military collaboration with energy cooperation and investment. The discussions remain at an early stage and may be affected by rising tensions between the United States and Iran. Sources […]
PSX ends lower after volatile trading session
Pakistan Stock Exchange (PSX) closed in negative territory on Friday after a volatile trading session. The KSE-100 Index declined by 2,320 points as selling pressure increased before market close. The market started the final trading day of the week on a positive note. The KSE-100 Index gained more than 500 points and reached 178,694 points […]
Poland forms new force to protect Russia, Belarus border
Poland has created a new military formation to strengthen protection along its borders with Russia and Belarus. The move aims to improve border security amid rising regional defence concerns. The new formation will focus on monitoring and protecting Poland’s eastern border areas. Authorities said the unit will support existing military and security structures. Poland has […]
China rejects Trump election interference claims
China on Friday rejected allegations by US President Donald Trump that Beijing interfered in American elections. The Chinese government said the accusations lacked factual basis and were aimed at damaging China’s image. Chinese Foreign Ministry spokesman Lin Jian responded to the claims during a press briefing in Beijing. He said China had no interest in […]
7.4 magnitude earthquake jolts southern Mexico
A powerful 7.4-magnitude earthquake struck off Mexico’s southern coast on Friday, prompting a tsunami warning. The strong tremor was also felt in neighbouring Guatemala and El Salvador. According to the US Geological Survey (USGS), the earthquake occurred near Puerto Madero in Mexico’s Chiapas state. The quake struck at a shallow depth of 10 kilometres beneath […]
Pakistan hosts key SCO border security meeting
Pakistan hosted and chaired the 12th meeting of the Heads of Border Services of Shanghai Cooperation Organisation (SCO) member states on Friday. The meeting focused on strengthening regional security cooperation and improving coordination among border authorities. According to the Foreign Office, senior officials from Belarus, India, Iran, Kazakhstan, China, Kyrgyzstan, Pakistan, Russia, Tajikistan, and Uzbekistan […]