Minister for Defence Khawaja Muhammad Asif on Monday said Pakistan had witnessed a historic moment, as the country’s prestige and standing in the international community had risen to an unprecedented level through its successful diplomatic efforts for regional peace. Speaking in the National Assembly, the minister said the honour earned by Pakistan was unmatched in […]
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Global airlines slash 2026 profit forecast on fuel shock from Iran war
The global airline industry nearly halved its 2026 profit forecast on Sunday, citing conflict in the Middle East that has driven up fuel costs, disrupted key air corridors and exposed the fragility of a sector operating on thin margins. The International Air Transport Association, which represents more than 370 airlines accounting for about 85% of […]
CM Maryam hails global recognition for Punjab’s ‘Mera Pyara’ project
Punjab Chief Minister Maryam Nawaz Sharif on Tuesday expressed gratitude after the province’s “Mera Pyara” project was declared a Global Champion by the United Nations-backed World Summit on the Information Society (WSIS) Awards 2026. In a landmark achievement for Pakistan, two projects launched under the leadership of the chief minister have been included in the […]
China seeks deeper trade ties with Pakistan, S Asia amid global uncertainty
Chinese commerce ministry officials on Friday stressed the importance of expanding trade ties with South Asia, “especially against the backdrop of the current turbulent and uncertain international and regional situation.” China and South Asian countries should deepen supply chain cooperation and expand beyond infrastructure, transport and power into emerging sectors including e-commerce and biomedicine, Vice […]
The Global Middle Class Is Being Replaced by Two Classes: Owners and Renters
For decades, the middle class represented the psychological backbone of modern capitalism. It was the class that worked, saved, invested cautiously, bought homes, educated children, planned retirements, and believed that discipline would eventually translate into stability. Governments proudly measured their expansion as proof of economic success. Banks built products around it. Politicians campaigned in its […]
Global oil price gains 3% as US strikes Iran
Brent crude oil rose 3 percent on Tuesday after the US military carried out strikes in Iran, adding to uncertainty on whether a deal will be imminently reached to end the war and open up shipping flows through the Strait of Hormuz. US Secretary of State Marco Rubio said on Tuesday that negotiating a deal […]
Govt tightens airport screening after WHO declares Ebola outbreak global emergency
In light of the World Health Organization’s (WHO) declaration of the Ebola outbreak in Congo and Uganda as a global emergency, Pakistan has intensified screening measures at airports across the country, along with other precautionary steps. According to the Ministry of National Health Services, Regulations and Coordination on Saturday, Federal Health Minister Mustafa Kamal directed […]
Pakistan to deepen cooperation among Global South nations: Zardari
President Asif Ali Zardari has reaffirmed Pakistan’s unwavering commitment to its longstanding partnership with China, describing bilateral relations as a model of enduring cooperation rooted in mutual trust, shared progress and people-to-people connectivity. In an article published by China Daily, on the occasion of the 75th anniversary of diplomatic relations between Pakistan and China, President […]
Pakistan, China share same version on regional, global issues, says Dar
Deputy Prime Minister and Foreign Minister Ishaq Dar on Wednesday said Islamabad and Beijing shared a “converging vision” on regional and global matters. “Pakistan and China share a converging vision on regional and global issues,” said Dar while addressing the Senate. A Chinese delegation was present in the visitors’ gallery to mark the 75th anniversary […]
Gwadar Port’s tariff rates slashed to attract global shipping
Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry on Monday announced sweeping reductions in tariff rates at Gwadar Port aimed at strengthening the deep-sea facility’s position as a competitive regional logistics and transshipment hub. In a statement, the minister said the revised policy is designed to significantly increase transit and international transshipment container traffic […]