Category: Latest News

Can Global Oil Stocks Withstand Another Six Months of War?

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OIl Price

# Can Global Oil Stocks Withstand Another Six Months of War? The global oil market is facing a growing test of resilience as prolonged conflict continues to disrupt supplies and deplete inventories, raising concerns over whether available stocks can withstand another six months of war. The head of Saudi Aramco estimates that the world has lost around **2.6 billion barrels of oil supply** since the conflict began, making it the largest cumulative supply disruption on record apart from the 1979 Iranian Revolution, according to Reuters calculations. The lost supply is…

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CM KPK Afridi Launches Mega Tree Plantation Drive in Nowshera

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Sohail-Afridi

# CM KPK Afridi Launches Mega Tree Plantation Drive in Nowshera **NOWSHERA:** Khyber Pakhtunkhwa Chief Minister Muhammad Sohail Afridi on Friday inaugurated a **mega tree plantation campaign in Spin Khak, Nowshera**, as part of Independence Day celebrations, planting saplings at the site. Addressing the ceremony, the chief minister said the provincial government had initially set a target of planting **1.4 million saplings in a single day**, but the Forest Department exceeded the target by planting around **1.7 million saplings across Khyber Pakhtunkhwa**. Afridi said his government was committed to increasing…

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World Leaders, Envoys Reaffirm Strong Ties with Pakistan on Independence Day

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New-Project

# World Leaders, Envoys Reaffirm Strong Ties with Pakistan on Independence Day **ISLAMABAD:** World leaders and foreign envoys have extended greetings to Pakistan on its **79th Independence Day**, reaffirming longstanding bilateral ties and expressing hopes for greater cooperation, peace, prosperity and stronger partnerships. Russian President Vladimir Putin congratulated President Asif Ali Zardari and Prime Minister Shehbaz Sharif, saying relations between Moscow and Islamabad were progressing successfully. Putin said the two countries continued to maintain productive cooperation in political, trade, economic and humanitarian fields while working together on important regional and…

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Pakistan Launches ‘Made in Pakistan’ Clean Energy Manufacturing Drive

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Solar-wind

# Pakistan Launches ‘Made in Pakistan’ Clean Energy Manufacturing Drive **SUZHOU:** Pakistan has launched an **“E-Cluster” model** aimed at building an integrated clean-energy manufacturing ecosystem and positioning the country as a regional hub for clean-energy technology and production, according to China Economic Net. Qasim Kamal, Group Director of Suzhou IBI Engineering (Belt & Road Economic and Trade Centre), said the initiative would progressively introduce and localise advanced technology, manufacturing expertise, quality standards and supply-chain capabilities across major industrial hubs in Pakistan. “At the heart of the initiative is the transfer…

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Petroleum Dealers’ Margin Raised to Rs9.98 per Litre to Avert Nationwide Strike

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New-Petrol-1

# Petroleum Dealers’ Margin Raised to Rs9.98 per Litre to Avert Nationwide Strike **ISLAMABAD:** The Economic Coordination Committee (ECC) of the federal cabinet on Friday approved a **15.5 per cent increase in the margins of petroleum dealers** on petrol and high-speed diesel (HSD), prompting the Pakistan Petroleum Dealers Association (PPDA) to call off its planned nationwide strike. Under the decision, dealers’ margins will rise by **Rs1.34 per litre**, from the existing Rs8.64 to **Rs9.98 per litre**, effective September 1, 2026. Finance Minister Muhammad Aurangzeb chaired the ECC meeting virtually, while…

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