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Oil little changed on uncertainty over US-Iran peace deal
Fri, 05 Jun 2026 08:49:44 +05:00

An oil pump jack is seen in Artesia, New Mexico, US, April 6, 2023. — ReutersStrait of Hormuz traffic remains limited amid conflict.Iranian oil exports fall to lowest level in six years.OPEC secretary general says oil demand to remain robust.

SINGAPORE: Oil prices rose on Friday,...

Nepra cuts electricity tariff by Rs1.98 per unit under quarterly adjustment
Fri, 05 Jun 2026 02:39:00 +05:00

KE employees working in Karachi, on January 25, 2023. — APPJune bills to reflect Re0.80 net relief after fuel charge adjustment.Rs67bn relief to be given under first quarterly adjustment.Reduction applies across country, including K-Electric consumers.

The National...

Oil falls on hopes of broader peace after Lebanon, Israel halt fighting
Thu, 04 Jun 2026 10:56:44 +05:00

A view shows an oil pump jack outside Almetyevsk in the Republic of Tatarstan, Russia June 4, 2023. — ReutersBrent drops 0.89%, WTI down 0.81% after recent gains.Trump says Iran talks could see movement by this weekend.Iran says contacts with Washington remain open but stalled.

Pakistan trade deficit widens 17.5% to $34.8bn in FY26 on weak exports
Thu, 04 Jun 2026 09:31:00 +05:00

A cargo ship full of shipping containers is seen at the port of Oakland in Oakland, California, US on March 6, 2025. — ReutersExports drop deepens reliance on imported goods.May trade deficit narrows as imports decline, exports rise.Services exports growth trims deficit.

ISLAMABAD:...

Govt to present budget on June 10, confirms FinMin Aurangzeb
Wed, 03 Jun 2026 21:11:00 +05:00

Deputy Prime Minister Foreign Minister Ishaq Dar speaks during a meeting with Pakistan Peoples Party leaders in Islamabad, June 3, 2026. — X/@DPM_PKAurangzeb stresses coordination with IMF, allies on budget.DPM Dar, FinMin hold pre-budget talks with PPP leaders.Govt, PPP discuss...

Punjab govt extends market closure timings amid hot weather
Wed, 03 Jun 2026 19:04:00 +05:00

People visit local markets to shop ahead of Eid ul Fitr, March 16, 2026. — APPMarkets, malls to close at 9pm daily under new schedule.Marriage halls and event venues required to shut by 10pm.Restaurants, cafés, cinemas allowed to operate until 11pm.

OGDC makes significant oil, gas discovery in Sindh's Sanghar
Wed, 03 Jun 2026 17:59:00 +05:00

A drone view of a pump jack and drilling rig south of Midland, Texas, United States. — Reuters/FileWell produced 2,000 barrels oil, 1.1 mmcfd gas daily: OGDC.Lower Goru Formation confirms hydrocarbon reservoir potential.Discovery opens new exploration window in Sanghar district.

In meeting with business leaders, PM vows relief for public in next budget
Wed, 03 Jun 2026 14:47:00 +05:00

PM Shehbaz Sharif chairs meeting with industrialists and business leaders June 3, 2026. — PIDPM terms business leaders, ambassadors, key stakeholders.PM stresses private sector partnership, consultation in policymaking.Business leaders express confidence in fiscal management...

US proposes tariffs on 60 economies, including Pakistan, over forced labour concerns
Wed, 03 Jun 2026 10:29:00 +05:00

A State Department contractor adjusts a Pakistan national flag. — Reuters/FileMove comes after US launched probes into trading partners.54 economies failed to impose forced labour prohibition: USTR. "Failure to address forced labour concerns unacceptable."

The US Trade...

Crude oil rides geopolitical shockwave, gaining around 2% after ME military flare-up
Wed, 03 Jun 2026 05:47:37 +05:00

A person works near an oil tanker docked at the Port of Fujairah, as the US-Israel conflict with Iran limits marine traffic in the Strait of Hormuz, in Fujairah, United Arab Emirates, May 6, 2026.— Reuters

Markets remained focused on stalled Iran–US...

US announces new sanctions targeting Iran's largest crypto exchange over IRGC links
Wed, 03 Jun 2026 02:00:00 +05:00

Signage is seen at the United States Department of the Treasury headquarters in Washington, DC, US, on August 29, 2020.— ReutersReuters found Nobitex processed millions for Iran's central bank, IRGC.Treasury sanctioned Nobitex founders, CEO for aiding flagged entities.Firm denies...

Allies hold up federal budget as govt seeks key legislation: sources
Tue, 02 Jun 2026 15:53:00 +05:00

National Assembly during a session in Islamabad. — APP/FilePPP opposes proposed legislative tweaks: sources.Budget likely to be presented June 10, say sources.MQM-P had earlier linked approval to a condition.

ISLAMABAD: The federal budget has been delayed as the government...

Govt proposes over Rs1.1tr federal development in Budget FY27
Tue, 02 Jun 2026 13:54:00 +05:00

A representational image of calculator and planning sheet. — ReutersFederal ministries allocated Rs754.9bn under development programme.Provinces, special areas proposed Rs251.68bn allocation.NHA secures Rs264bn from corporations' Rs355bn budget.

ISLAMABAD: The federal government has...

IMF-linked targets 'leave little room' for broad relief in FY27 budget
Tue, 02 Jun 2026 12:43:00 +05:00

Pakistan's upcoming federal budget is expected to offer limited broad-based relief despite a stronger macroeconomic backdrop, as revenue and primary surplus targets linked to the International Monetary Fund force the government to prioritise fiscal consolidation, taxation and...

Oil slips after Trump says talks with Iran are ongoing
Tue, 02 Jun 2026 08:54:00 +05:00

A pump jack operates near a crude oil reserve in the Permian Basin oil field near Midland, Texas, US February 18, 2025. — ReutersTrump says Iran talks continue despite reports of suspension.Markets eye Strait of Hormuz reopening amid diplomatic efforts.Analysts say US-Iran talks key...

PM Shehbaz says economy stabilised, vows export-led growth push
Mon, 01 Jun 2026 23:17:41 +05:00

A delegation of senior leadership of chambers of commerce calls on Prime Minister Shehbaz Sharif in Islamabad on June 1, 2026. — PIDPM Shehbaz directs FBR to clear pending tax refund cases.Govt plans new measures to boost industrial production growth.Premier orders relocation of PRAL...

PSX comes under pressure on US-Iran uncertainty, budget caution
Mon, 01 Jun 2026 14:59:00 +05:00

A stockbroker monitors share prices during a trading session at the PSX in Karachi, January 21, 2025. — INPKSE-100 Index closed at 170,600.20, down 3,362.61 points, or 1.93%.Index hit intraday high of 174,171.64, gaining 208.83 points, or 0.12%.Index recorded a low of 170,396.85, down...

LESCO suspends officials after defence minister's bribery complaint
Mon, 01 Jun 2026 08:59:00 +05:00

LESCO workers are repairing and laying new electrical wires on poles to restore power in Lahore on February 10, 2026. — APPTwo linemen among suspended staff.Burnt transformer sparked replacement dispute.LESCO denies evidence of bribery.

LAHORE: Lahore Electric Supply...

Israel-Lebanon escalation lifts oil over 2% as Hormuz uncertainty persists
Mon, 01 Jun 2026 05:01:50 +05:00

Crude oil storage tanks are seen in an aerial photograph at the Cushing oil hub in Cushing, Oklahoma, US, April 21, 2020.— Reuters

Hezbollah, Israel continue exchanging fire despite an April ceasefire.Trump says decision on proposed Iran ceasefire extension likely soon.Tehran...

Govt rejects reports of ending electricity subsidy for protected consumers
Sun, 31 May 2026 17:55:00 +05:00

Power Minister Awais Ahmad Khan Leghari addresses a press conference in Islamabad on May 31, 2026. — Screengrab via GeoNewsEligible users continue receiving subsidy through QR code system: minister.QR code reforms aim to ensure subsidies reach deserving users: Leghari.Power minister...

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