Pakistan’s oil marketing companies (OMCs) recorded a noticeable decline in petroleum product sales during May 2026, as industry volumes fell 23% year-on-year and 14% month-on-month to 1.17 million tons. The downturn reflects continued pressure from elevated fuel prices, weakening demand patterns, and the fading impact of earlier seasonal support. Market data shows that the decline…
Cunen is a hard-to-reach mountainous region where the majority of the approximately 47,000 residents are poor and rely on water from wells that are now going dry. While drought expands through Cunen as the specter of El Niño climate instability approaches, one fear has seized this indigenous Guatemalan village — death from hunger. The rains…
SAINT PETERSBURG: Ukrainian drones hit energy and military sites in Saint Petersburg early Wednesday morning as officials gathered for a flagship economic forum in the city, Russian and Ukrainian authorities said. Some 20,000 guests from 130 countries are set to attend the three-day annual Saint Petersburg International Economic Forum — an event that was once…
WASHINGTON: The Trump administration has proposed imposing additional import duties of 10% and 12.5% on goods from 60 countries, following findings that several trading partners have failed to adequately address the import of products linked to forced labor, in a move that could heighten tensions in global trade relations. The proposal was issued by the…
The US Trade Representative has proposed new duties targeting 60 economies, including Pakistan and India, for alleged failures to act against forced labor, as the Trump administration seeks to rebuild its tariff agenda following legal setbacks. The proposed tariffs range from 10 percent to 12.5 percent, according to a government filingand they will undergo a…
SINGAPORE: Oil prices rose for a third day running on Wednesday and the dollar was on the brink of breaking above 160 yen as fresh hostilities flared in the Gulf after US-Iran peace talks stalled. US crude futures jumped around 2% to $95.40 a barrel. The dollar hit 160 yen, then paused as traders became…
Invoice Pulte WASHINGTON: President Donald Trump appointed a loyalist with no nationwide safety expertise as head of US intelligence on Tuesday — and stated he would additionally retain his present jobs overseeing federal housing and mortgage insurance policies. Federal Housing Finance Company chief Invoice Pulte — who is thought for publicly attacking Trump’s political enemies…
The Sindh Cupboard has accredited a collection of improvement, well being, vitality, and safety initiatives, together with Rs. 11.198 billion price of infrastructure initiatives for Karachi and Rs. 8.825 billion in further funding for water provide and drainage schemes throughout the province. The choices had been taken at a provincial cupboard assembly chaired by the…
With summer bringing the unmistakable aroma and sweetness of mangoes across Pakistan, experts are highlighting which varieties are best suited for making the popular mango shake. Markets, street vendors and households are currently filled with a wide range of mango varieties, including Dasheri, Kesar, Chaunsa and the limited-cultivation Alphonso, locally known in some areas as…
The federal government on Tuesday, amid deliberations over its ongoing austerity measures, decided to extend the operating hours of shops, markets, restaurants and other commercial outlets citing longer daylight hours and rising summer temperatures. The decision was taken at a meeting of the Committee for Monitoring and Implementation of Austerity Measures, chaired by Deputy Prime…
