Japan is considering releasing an additional 20 days’ worth of oil from its strategic reserves as uncertainty persists over the reopening of the Strait of Hormuz, a key global energy route. The move, reported by Kyodo News, could take place as early as May if supply disruptions continue. The country, which relies on the Middle...
The Pakistan Stock Exchange (PSX) witnessed a slight dip as the benchmark KSE-100 index entered a consolidation phase following a historic rally in the previous session. Investors engaged in profit-taking after the market recorded one of its biggest single-day gains, leading to mild downward pressure during trading. The previous session saw the KSE-100 surge by...
Pakistan has strongly condemned Israeli military aggression against Lebanon, with the Foreign Office (FO) calling the attacks a serious violation of international law and humanitarian principles. In an official statement, Islamabad expressed deep concern over the escalating violence, which has resulted in civilian casualties and widespread destruction of infrastructure. The FO stated that Israel’s actions...
The foreign ministers of Saudi Arabia and Iran have held their first phone conversation since the outbreak of the US-Israel war against Iran, signalling renewed diplomatic engagement amid escalating regional tensions. The call focused on the evolving situation in the Middle East and the urgent need to prevent further escalation. Both sides emphasised the importance...
Gold prices in Pakistan declined sharply on Thursday, reflecting a downturn in international bullion markets. According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of gold per tola dropped by Rs 9,500 to Rs 494,662, while the rate for 10 grams fell by Rs 8,415 to Rs 424,092. The decline in local...
The Pakistan Stock Exchange (PSX) witnessed a sharp sell-off as the benchmark KSE-100 index plunged more than 1,600 points during early trading, driven by rising geopolitical tensions and investor uncertainty. The steep decline reflected panic selling at the opening bell, with the index dropping nearly 1,680 points within minutes. Market sentiment remained fragile as escalating...
A gunfight erupted outside the Israeli consulate in Istanbul, leaving one attacker dead and two others injured after an exchange of fire with Turkish police. The incident took place in the city’s financial district, where security forces quickly responded to armed assailants who opened fire near a police checkpoint. Authorities confirmed that three attackers were...
Tensions in the Middle East surged dramatically after Iran reportedly launched an attack on a major petrochemical complex in Jubail, Saudi Arabia, marking a significant escalation in the ongoing conflict. The strike targeted one of the world’s largest petrochemical hubs, a critical site for global energy supply, though initial details on damage and casualties remain...
Scheme 33 on the M-9 motorway: Karachi’s next big real estate frontier or a trap involving illegal societies and fake documentation? In scheme 33, buyers have files but no ownership. The reasons are that there are numerous unauthorised housing schemes. Many societies operate without proper approval (NOCs) from authorities. Some projects are built on encroached...
Karachi is quietly becoming the next harbour for the wealth shift as the Dubai dream crashes. Projects like DHA City Karachi and Bahria Town Karachi are attracting attention as the Middle East crisis deepens. Although Pakistan is currently facing the effects of the war, oil prices surged sharply due to disruptions in the Strait...