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Middle East Tensions Drive Up Airfares by 35% as Global Aviation Industry Faces Severe Financial Strain

Escalating geopolitical tension in the Middle East has dealt a heavy blow to global aviation, pushing international passenger airfares up by 30% to 35%...

90,000 Rubber Ducks Splash into Chicago River for Special Olympics Fundraiser

In a unique annual spectacle, over 90,000 bright yellow rubber ducks were dumped from a truck into the Chicago River on Thursday for the...

PM Shehbaz Sharif Praises Overseas Pakistanis as July 2026 Remittances Reach $3.6

Prime Minister Muhammad Shehbaz Sharif has expressed strong satisfaction over the significant surge in workers' remittances, which reached $3.6 billion in July 2026. The...

Document Reveals High Tax and Margin Burden Adding Over Rs 139 to Fuel Prices in Pakistan

Official documents have revealed that high government levies, duties, and margins are driving fuel prices significantly above their base import costs, with petrol selling...

Pakistan Introduces New Oil Import Policy Framework 2026 to Boost Energy Security

Pakistan has officially decided to introduce a new regulatory policy framework for petroleum imports, opening doors for international energy suppliers to store and trade...

Global Crude Prices Edge Upwards Amid Continued Uncertainty Over Strait of Hormuz Reopening

Global crude oil prices experienced a modest uptick during Asian trading sessions on Monday following persistent uncertainty surrounding the reopening of the Strait of...

OGRA Announces Reduction in Petroleum Prices for Next Two Days; Levy on High-Speed Diesel Increased

The Oil and Gas Regulatory Authority (OGRA) has announced a slight reduction in petroleum product prices for the next two days, effective midnight, according...

Petrol Pump Owners Announce Support for Goods Transporters’ Nationwide Strike

The All Pakistan Petrol Pump Owners Association has officially backed the nationwide indefinite strike launched by goods transporters, severely heightening potential supply chain disruptions...

Government Raises Petrol Price by PKR 4.45 Despite Global Market Decline; Marginally Cuts High-Speed Diesel

The Ministry of Energy, alongside the Oil and Gas Regulatory Authority (OGRA), has issued an official notification adjusting domestic petroleum prices for August 6,...

Major Breakthrough for Pakistan’s First Digital Retail Bank as HugoBank Secures PKR 1.5 Billion Capital Injection

In a major milestone for Pakistan's fintech and banking sector, the Securities and Exchange Commission of Pakistan (SECP) has approved a paid-up capital increase...

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