Category: Latest News

Iceland Witnesses Rare Total Solar Eclipse

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New-Project299

# Iceland Witnesses Rare Total Solar Eclipse **REYKJAVIK:** Iceland witnessed a rare total solar eclipse on Wednesday, as the Moon completely blocked the Sun and plunged parts of the country’s western coast into darkness. A brief break in the clouds allowed locals and tourists to witness the spectacular celestial event. In Reykjavik, crowds gathered outside Hallgrimskirkja church cheered as the sky suddenly turned dark despite overcast conditions. Millions of people travelled to Iceland and northern Spain to witness Western Europe’s first total solar eclipse in 27 years. The eclipse was…

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Pakistan’s Debt and Liabilities Near Rs100tr as Burden Reaches 78.5% of GDP

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New-DEBT

# Pakistan’s Debt and Liabilities Near Rs100tr as Burden Reaches 78.5% of GDP **ISLAMABAD:** Pakistan’s total debt and liabilities climbed to nearly **Rs100 trillion by June 2026**, with the country spending around **Rs12 trillion on debt servicing** during fiscal year 2025-26, according to the latest data released by the State Bank of Pakistan (SBP). The central bank reported that total debt and liabilities rose to **Rs99.6 trillion** during FY2025-26, an increase of **Rs5.2 trillion, or 5.5%**, over the previous year. Public debt accounted for around **87%** of the total. Despite…

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DISCO Buyers Seek Dollar Returns, Strong Guarantees in Privatisation Push

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Power-Tariff

# DISCO Buyers Seek Dollar Returns, Strong Guarantees in Privatisation Push **ISLAMABAD:** Prospective buyers of three power distribution companies (DISCOs) have sought **foreign-currency-linked returns, sovereign guarantees and stronger contractual protections** as the government moves ahead with the first phase of DISCO privatisation. Investors have also demanded greater flexibility in electricity procurement, longer tariff control periods and safeguards against future governments or courts reopening existing commercial agreements. Officials familiar with the discussions said several demands stem from investor concerns over the government’s past handling of commercial contracts, weak regulatory capacity and…

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Saudi Oil Exports Go ‘Dark’ as Houthi Threat Disrupts Red Sea Shipments

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New-Oil9

# Saudi Oil Exports Go ‘Dark’ as Houthi Threat Disrupts Red Sea Shipments **DUBAI:** Saudi Arabia’s crude oil exports from the Red Sea are increasingly becoming difficult to track as tankers switch off their automatic identification system (AIS) signals to avoid potential attacks by Yemen’s Houthis, creating uncertainty over the scale of disruption to Saudi oil flows. Analysts said recent crude loadings from **Yanbu** have largely been conducted without active tracking signals, making it difficult for traders and international energy agencies to accurately assess Saudi export volumes. The Houthis declared…

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NA Panel Raises Alarm Over Persistent Trade Deficit with China

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New-Project297

# NA Panel Raises Alarm Over Persistent Trade Deficit with China **ISLAMABAD:** The National Assembly Standing Committee on Commerce has expressed serious concern over Pakistan’s persistent trade deficit with **China and other Free Trade Agreement (FTA) partners**, calling for a comprehensive assessment of the factors contributing to the widening imbalance. The committee, chaired by MNA **Jawed Hanif**, reviewed a range of issues during its meeting, including tariff reforms, export promotion measures, the performance of key trade-related institutions, trade relations with major international partners and proposed legislative amendments. The committee directed…

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