Day: April 11, 2026

KARACHI: Sui Southern Gas Company (SSGC) has announced a 24-hour suspension of gas supply to the industrial sector across Sindh, citing a shortfall in the system and the need to ensure balanced distribution. According to company spokesperson Salman Siddiqui, the decision aims to improve gas pressure and stabilise the network amid constrained supply. “SSGC remains committed to ensuring improved gas pressure for its consumers and is taking necessary steps to manage the limited availability,” he stated. As per the schedule, gas supply to all industrial consumers — including captive power…

Read More

ISLAMABAD: JD Vance arrived in Islamabad on Saturday morning, leading a high-level United States delegation for what are being described as “make-or-break” talks with Iranian leadership — a rare diplomatic engagement amid ongoing regional tensions. The negotiations come during a fragile two-week ceasefire in the conflict involving Iran and United States, following hostilities that erupted after the US-Israel attacks on Iran Feb 2026. The truce, brokered with facilitation from Pakistan, temporarily halted widespread violence across the Middle East. Upon arrival at Nur Khan Air Base, Vance was received by Deputy…

Read More

WASHINGTON: Ajay Banga, President of the World Bank, has cautioned that the ongoing conflict in the Middle East could significantly slow global economic growth, even if the current fragile ceasefire holds. In an interview, Banga highlighted that global growth could decline by 0.3 to 0.4 percentage points under a baseline scenario assuming an early resolution. However, if the conflict persists, the impact could deepen to as much as a 1 percentage point reduction in global growth. He further warned that inflationary pressures are likely to intensify, with a potential rise…

Read More

ISLAMABAD: Prime Minister Shehbaz Sharif has announced a significant reduction in petroleum prices, offering much-needed relief to consumers across the country. For the week ending April 17, the price of high-speed diesel (HSD) has been cut by Rs135 per litre, while petrol has been reduced by Rs12 per litre. The new ex-depot price of HSD stands at Rs385.54 per litre, down from Rs520.35 — marking a substantial 26% decrease. Petrol prices have been lowered to Rs366.58 per litre from Rs378.41, reflecting a drop of Rs11.83. Other petroleum products also saw…

Read More