Petrol and diesel prices reduced significantly on Friday after the government announced a major cut in fuel rates following a decline in international crude oil prices. Under the new rates, petrol has been reduced by Rs74 per litre, while diesel has been cut by Rs67 per litre. The move is expected to provide substantial relief to consumers and businesses facing high transportation and energy costs. Officials said the reduction became possible due to a sharp fall in global oil prices and improving stability in the Middle East. The development follows a peace agreement between the United States and Iran, which…
Author: Web Desk
Pakistan on Friday rejected claims by the Afghan Taliban that it had carried out drone strikes on alleged Daesh hideouts inside Pakistan, saying the reported operation never took place. In a statement issued through its Fact Checker account on X, the Ministry of Information and Broadcasting said the Afghan Taliban had falsely claimed to have targeted camps in border areas of Khyber Pakhtunkhwa and Balochistan using drones. The ministry said the claims were untrue and alleged that terrorist groups, including Daesh and several other militant organisations, operate from areas under the control of the Afghan Taliban administration. According to the…
Khti check post attack in Dera Ismail Khan triggered a heavy exchange of fire between police and militants late Friday night, officials said. According to police, armed attackers targeted the Khati check post, leading to an immediate and forceful response from law enforcement personnel. Officers quickly took positions and engaged the attackers with full strength. Authorities said the militants used heavy weapons during the assault. Police also responded with strong and coordinated fire, preventing the attackers from advancing. Residents in nearby areas reported hearing continuous bursts of gunfire during the confrontation, which continued intermittently through the night. Police officials confirmed…
Switzerland defeats Bosnia-Herzegovina 4-1 to reignite its World Cup campaign, while Canada secured a historic first-ever World Cup victory with a dominant 6-0 win over Qatar on Thursday. At SoFi Stadium in Los Angeles, Switzerland delivered an impressive performance to move level on points with Canada at the top of Group B. Johan Manzambi scored twice, while Ruben Vargas and Granit Xhaka added late goals to seal a convincing victory. The result kept Switzerland firmly in contention for a place in the knockout stages and strengthened hopes of progressing beyond the last 16 for the first time in this World…
Indus River projects undertaken by India could significantly alter natural water flows and create serious challenges for regional stability and water security, Deputy Prime Minister and Foreign Minister Ishaq Dar said on Thursday. Speaking virtually at a conference on transboundary water resources in Brussels, Dar expressed concern over India’s reservoir expansion and water diversion schemes across the Indus river system. He said Pakistan’s concerns were based not only on statements from India but also on developments already taking place on key rivers in the basin. “It is important to underscore that our concerns are not merely based on Indian statements,”…
Oil prices fall on renewed expectations of higher global supply after oil tankers resumed transit through the Strait of Hormuz following a peace agreement between the United States and Iran. By 0328 GMT on Friday, Brent crude futures dropped 43 cents, or 0.54%, to $79.42 per barrel. US West Texas Intermediate crude fell 17 cents, or 0.22%, to $76.43 per barrel. The more actively traded August WTI contract declined 30 cents to $75.55 per barrel. Both benchmarks had already fallen sharply on Thursday, reaching their lowest levels since early March. The decline followed the passage of several tankers through the…
Petrol prices to decrease significantly in Pakistan, Prime Minister Shehbaz Sharif announced on Friday, citing a decline in global oil prices following the US-Iran peace agreement. Addressing the National Assembly in Islamabad, the prime minister said the government would announce a substantial reduction in petroleum product prices after completing its weekly review. “We had promised to bring down petroleum prices and return every possible relief to the people,” he told lawmakers. “Today, after our weekly review, we will announce a significant reduction.” Shehbaz Sharif credited his cabinet members for helping manage the oil crisis and praised provincial chief ministers for…
US-Iran talks cancelled after a sharp escalation in fighting between Israel and Hezbollah in southern Lebanon, casting fresh doubt on efforts to secure a broader regional peace agreement. The negotiations were scheduled to begin on Friday in the Swiss village of Obbürgen. The talks were intended to build on a recently signed memorandum of understanding (MOU) that created a 60-day framework for reaching a permanent agreement on Iran’s nuclear programme and restoring stable oil shipments through the Strait of Hormuz. However, the diplomatic effort was derailed as violence intensified along the Israel-Lebanon border. The White House confirmed that US Vice…
Prime Minister Shehbaz Sharif announced on Thursday that the United States and Iran have signed the Islamabad MoU, a landmark agreement aimed at ending the conflict between the two countries through diplomacy. In a statement shared on X, the prime minister said the memorandum was electronically signed by the presidents of both countries and endorsed by Pakistan in its role as mediator. According to Shehbaz, the signing of the agreement reflects the commitment of both Washington and Tehran to resolving their differences through dialogue rather than conflict. He said the Islamabad MoU would come into force immediately. As part of…
The government has formally moved to strengthen its coalition setup as it invites PPP to cabinet ahead of an expected reshuffle in the federal government. According to sources, the Pakistan Peoples Party (PPP) has been offered a place in the federal cabinet. If the party accepts the proposal, PPP Chairman Bilawal Bhutto Zardari is likely to be given an important ministerial portfolio. The expected development comes as the government prepares for a major cabinet reorganization following the approval of the 2026-27 federal budget. Sources said Prime Minister Shehbaz Sharif has sought performance reports from all federal ministers. The review is…
