Day: August 22, 2026

Iran Condemns New US Sanctions as ‘Unlawful Economic Warfare’

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New-Project41

Iran Condemns New US Sanctions as ‘Unlawful Economic Warfare’ TEHRAN: Iran has strongly condemned the United States’ announcement of new economic sanctions, accusing Washington of violating the sovereignty of independent states and attempting to impose its authority beyond US jurisdiction. Iranian Foreign Ministry spokesperson Esmaeil Baqaei said the latest measures went far beyond what he described as continued unlawful “economic warfare” against Iran. Baqaei argued that the sanctions amounted to an attempt by the United States to exercise “extraterritorial sovereignty” over independent members of the United Nations. He said Washington…

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Trump Says Iran Not Ready for ‘Right Deal’ as US Maintains Pressure

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Trump-Edges

Trump Says Iran Not Ready for ‘Right Deal’ as US Maintains Pressure WASHINGTON: US President Donald Trump has said Iran is not yet prepared to reach what he described as the “right deal” with Washington, as tensions between the two countries remain high. Speaking to reporters on Friday, Trump said the United States was continuing to assess developments in the conflict and had not ruled out its available options. “It just means that we’re seeing what happens,” he said when asked whether US military options against Iran were limited. Trump…

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Petrol Price Rises by Rs3.81, HSD by Rs3.59 per Litre

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New-Project40

Petrol Price Rises by Rs3.81, HSD by Rs3.59 per Litre ISLAMABAD: The federal government has increased the prices of petrol and high-speed diesel (HSD) by Rs3.81 and Rs3.59 per litre, respectively, following fluctuations in international oil prices. Under the latest revision, petrol will now cost Rs341.59 per litre, while the price of high-speed diesel has been raised to Rs368.29 per litre. According to a notification issued by the Petroleum Division, the revised prices will remain effective from August 22 to August 24. The government continues to charge Rs114 per litre…

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11 Investors Express Interest in Gepco Privatisation

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Power-bill

11 Investors Express Interest in Gepco Privatisation ISLAMABAD: The Privatisation Commission (PC) has received Expressions of Interest (EOIs) from 11 domestic and international investor groups seeking to acquire a 51% to 100% stake in Gujranwala Electric Power Company (Gepco) along with management control. The EOIs were submitted by the deadline on Friday, reflecting strong investor interest in Pakistan’s electricity distribution sector. According to the PC, the prospective investors include companies from Turkiye and Saudi Arabia, as well as several leading Pakistani business groups. Of the 11 interested parties, four are…

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Pakistan Energy Conference 2026 Concludes in Islamabad with Call for Policy Reform and Energy Sector Modernization

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New-Project39

Pakistan Energy Conference 2026 Concludes in Islamabad with Call for Policy Reform and Energy Sector Modernization The Pakistan Energy Conference (PEC) 2026, the flagship forum of Pakistan’s oil and gas industry organized by the Petroleum Institute of Pakistan (PIP), successfully concluded on August 20 at Serena Hotel, Islamabad. Held under the theme “Shaping Energy Security through Policy Reform & Technological Innovation,” the conference brought together senior government officials, industry leaders, regulators, energy experts, and technology professionals to discuss the key challenges and opportunities shaping Pakistan’s energy sector. The discussions focused…

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