Pakistan has taken a historic step by importing US crude oil for the first time. Cnergyico, the country’s largest oil refiner, confirmed the deal on Friday. Vice Chairman Usama Qureshi told Reuters that the company will bring in 1 million barrels from global energy trader Vitol this October. The shipment of West Texas Intermediate (WTI) light crude will be loaded in Houston later this month. It is expected to arrive at Karachi’s port in the second half of October. Qureshi called this a “test spot cargo” under a broader agreement signed with Vitol. He clarified that the US crude oil…
Author: Web Desk
A reckless statement by Khyber Pakhtunkhwa Chief Minister Ali Amin Gandapur has landed Pakistan in fresh trouble. His controversial remarks have now become a weapon in India’s hands at the global level. The Indian government has submitted his comments to the Financial Action Task Force (FATF) as evidence against Pakistan. According to FATF officials, New Delhi formally presented Gandapur’s statement to support its long-standing accusation that Pakistan shelters and supports terrorist networks. India is now lobbying to get Pakistan back on the FATF grey list. The controversial comment came when Gandapur said, “We arrest the Taliban, but our own institutions…
In a significant move towards restoring peace and eliminating extremist threats in Bajaur, a high-level Peace Jirga in Bajaur was convened. The gathering aimed to devise an effective strategy against militant elements disrupting the region’s stability. The jirga was attended by a large number of respected tribal elders, community leaders, senior military officials, and civil authorities. Among the key participants was Inspector General Frontier Corps (North), Major General Rao Imran Sartaj, whose presence underscored the gravity of the situation and the commitment of state institutions. The proceedings began with a solemn prayer (Fatiha) for the martyrs of Bajaur. Attendees also…
Pakistan faces a significant new trade barrier. The United States has imposed a 19% tariff on Pakistani goods. President Donald Trump announced this steep import duty alongside tariffs targeting 68 other nations. These new trade penalties take effect next week. Duties range from 10% to 41%. Trump called this move necessary. He wants to fix unfair trade imbalances. Protecting US economic and security interests is his goal. An executive order formalized the decision just before a Friday deadline. The order lists higher import duty rates for the 69 partners. Some nations made deals to lower tariffs. Others got no chance…
Pakistan’s IT exports have achieved a new milestone in the fiscal year 2024-25. The country earned a record-breaking $3.809 billion, marking an impressive increase of $586 million from the previous year. This development was shared with the Senate Standing Committee on Information Technology and Telecommunication during a detailed session held on Thursday. The meeting was chaired by Senator Palwasha Khan, who received a comprehensive update from the Pakistan Software Export Board (PSEB). According to PSEB officials, the growth rate in IT exports reached 18%, compared to last year’s earnings of $3.223 billion. Despite global financial challenges, Pakistan’s tech sector showed…
By Ijaz Yousafzai Pakistan energy sector has a huge potential to beckon foreign investors. This manifestation arises from the fact that the country has recently concluded deals with various states and multinational corporations. In addition to this, the recent statement by the US president on cooperation between the US and Pakistan in the petroleum development sector has had a huge impact on the regional strategic outlook. This move is widely deemed as a historic diplomatic feat for Pakistan, as it may also result in tariff relief. Donald Trump has made it clear that his country has concluded a deal with…
The much-awaited semi-final clash between the Pakistan Champions and India Champions in the World Championship of Legends (WCL) has officially been called off. The decision came after India Champions chose to withdraw from the knockout match. In a statement posted on X, the WCL organisers shared their official stance. “At WCL, we have always believed that sport can bring people together and inspire change. But public sentiment must always be respected. Everything we do is for our audience,” the statement read. The organisers made it clear that they honor both sides. “We respect India Champions’ choice to pull out. And…
During a fiery debate in Rajya Sabha, Samajwadi Party MP Jaya Bachchan raised serious concerns over the naming of India’s retaliatory action after the Pahalgam attack — Operation Sindoor. She questioned the logic behind using the word Sindoor, a symbol of marriage, when many women were left widowed after the tragedy. The actress-turned-politician expressed deep emotions. “Why call it Operation Sindoor when so many women lost their sindoor?” she asked. Her words carried a sharp critique of the symbolism and the aftermath of the Pahalgam incident. As she spoke, interruptions from other MPs attempted to throw her off. The chair…
In a remarkable leap forward, Pakistan has successfully completed another satellite launch, marking a new chapter in its space ambitions. The Pakistan satellite launch took place at China’s Xichang Satellite Launch Centre (XSLC), in collaboration with the China Electronics Technology Group Corporation (CETC) and MICROSAT China. This newly launched remote sensing satellite is designed to enhance Pakistan’s capabilities in Earth observation, environmental tracking, and agricultural analysis. It will also support the country’s efforts in disaster management, urban planning, and climate surveillance. With this mission, five Pakistani satellites are now active in orbit, strengthening Pakistan’s satellite-based monitoring network. According to SUPARCO,…
For years, speculation and rumors have swirled around the role of the Pakistani military in Khyber Pakhtunkhwa’s (KP) mining sector. Some voices claim the military is trying to dominate the province’s mineral wealth. But do these claims hold any ground? Let’s look at the facts. According to official data, more than 3,900 mining licenses have been issued across Khyber Pakhtunkhwa. Out of all these, only one license—just one—was granted to a military-affiliated organization: the Frontier Works Organization (FWO). This license was issued in 2015 for mining in Boya, a region in North Waziristan. At the time, no individual, investor, or…
