Day: August 21, 2026

US Signals Tougher Economic Pressure and New Sanctions on Iran

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New-Project33

US Signals Tougher Economic Pressure and New Sanctions on Iran WASHINGTON: The United States has signalled plans to impose some of the toughest economic measures in its history against Iran, as Washington seeks to intensify pressure on Tehran following President Donald Trump’s threat to launch an “economic war” against the country. US Treasury Secretary Scott Bessent said maximum economic pressure could reduce the need for further major military action against Iran. Speaking to CNBC, he said details of a new sanctions package would be announced at a press conference on…

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Government Plans Rs250bn SPV to Facilitate Privatisation of Three DISCOs

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Power-Division

  Government Plans Rs250bn SPV to Facilitate Privatisation of Three DISCOs ISLAMABAD: The government is set to establish a new government-owned Special Purpose Vehicle (SPV) with an authorised share capital of Rs250 billion to facilitate the privatisation of three power distribution companies (DISCOs), according to sources in the Power Division. The proposed SPV will support the restructuring and privatisation of Faisalabad Electric Supply Company (FESCO), Gujranwala Electric Power Company (GEPCO) and Islamabad Electric Supply Company (IESCO). The Privatisation Commission (PC) Board, at its July 28, 2026 meeting chaired by Adviser…

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ADNOC Launches Ninth Spot Crude Tender Since June Amid Strait of Hormuz Disruptions

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New-Project32

ADNOC Launches Ninth Spot Crude Tender Since June Amid Strait of Hormuz Disruptions NEW DELHI/SINGAPORE: The Abu Dhabi National Oil Company (ADNOC) has launched its ninth spot crude tender since the beginning of June, offering Gulf-produced crude as the UAE state-owned oil giant seeks to move supplies from inside the Strait of Hormuz, according to trade sources. The latest tender includes Upper Zakum, Umm Lulu and Das crude, with cargoes available for loading in October and November. Bids are due by August 24 and will remain valid until August 26,…

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Google Commits $500,000 to Boost Digital Safety in Pakistan

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New-Project31

Google Commits $500,000 to Boost Digital Safety in Pakistan ISLAMABAD: Google has announced a $500,000 investment to strengthen digital safety in Pakistan, with a new initiative aimed at helping hundreds of thousands of families navigate online risks more safely and confidently. The funding, committed through Google.org, will support the “Digital Pasban” initiative, which aims to provide 200,000 households with Urdu-language digital safety toolkits, educational videos and parental workshops. The programme will work with local partners to equip children, young people and adults with the knowledge and tools needed to develop…

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