Day: June 8, 2026

LONDON: The global airline industry is facing an estimated $100 billion increase in jet fuel costs this year following the escalation of conflict in Iran, which has driven energy prices sharply higher, according to the International Air Transport Association (IATA). The industry body warned that rising fuel expenses are expected to significantly weaken profitability, with global airline net profits projected to fall from $43 billion in 2025 to $23 billion this year, while average profit margins are forecast to decline from 4.2% to 2%. IATA Director-General Willie Walsh, former CEO…

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LAHORE: India is reportedly moving ahead with plans related to the Chenab River, raising concerns in Pakistan over potential implications for the Indus Waters Treaty (IWT) and downstream water flows. The development comes after India’s effective control over the three eastern rivers—Ravi, Beas, and Sutlej—under the 1960 Indus Waters Treaty, which allocated the western rivers—Indus, Jhelum, and Chenab—to Pakistan for unrestricted use, subject to limited exceptions. The treaty, brokered by the World Bank with financial support from several international partners including the United States, United Kingdom, Germany, Australia, Canada, and…

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ISLAMABAD: Pakistan received another spot Liquefied Natural Gas (LNG) cargo on Sunday as part of efforts to ensure stable fuel supplies amid ongoing volatility in global energy markets. The LNG carrier BW Helios berthed at the PGPL Terminal at Port Qasim at 8:10am, delivering around 140,000 cubic metres of LNG procured by Pakistan LNG Limited (PLL) through a competitive international bidding process. According to officials, the cargo was supplied by BP Singapore and awarded following bids opened on June 4, with the winning offer priced at $19.1337 per million British…

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Pakistan’s hydrocarbon sector showed improvement in 2025 as a series of new oil and gas discoveries boosted reserves and helped extend the country’s overall reserve life, partially offsetting ongoing production declines. According to data released by Arif Habib Limited, Pakistan’s total hydrocarbon reserve life increased to 17 years as of December 2025, supported by gains in both oil and gas reserves driven largely by fresh exploration activity. The brokerage report stated that gas reserve life rose to 18 years, while oil reserve life improved to 11 years, reflecting a positive…

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KARACHI: Sindh Chief Minister Syed Murad Ali Shah has emphasized the importance of protecting oceans and marine ecosystems, describing them as a vital source of life, economic prosperity, and environmental balance. In his message on the occasion of World Oceans Day, the Chief Minister said that Sindh’s coastline and marine resources are a valuable natural heritage that must be preserved for future generations. He stressed that protecting the oceans is a shared responsibility and called upon citizens to play their role in safeguarding coastal and marine environments from pollution. Highlighting…

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