🇵🇰🩸🚨⛽ Petrol price increased by Rs. 14.92 per liter. 🇵🇰⛽🚨🚨 Diesel price has been increased by Rs. 15 per liter.
Read MoreGovt hikes petrol price by Rs14.92, high-speed diesel by Rs15
Category: Popular News
The US is planning to attempt freeing trapped ships, with 400 vessels stuck
The Strait of Hormuz is a major concern right now. The US is planning to attempt freeing trapped ships, with 400 vessels stuck, and any intervention might lead to a strong reaction from Iran. This could escalate tensions and impact global oil prices, which are already high at $125 per barrel due to the blockade. The strait is a critical chokepoint, handling around 20 million barrels of oil daily, about 20% of global consumption. If it remains closed, prices could surge further, affecting economies worldwide, especially those reliant on Gulf…
Read MoreEIB Eyes Stake in Reko Diq as Pakistan Clarifies Mineral Potential
ISLAMABAD: The European Investment Bank (EIB) has expressed interest in investing in Pakistan’s multibillion-dollar Reko Diq Project, potentially in exchange for access to critical mineral supplies, as officials seek to attract foreign investment into the strategic mining sector. Speaking at the EU-Pakistan Business Forum, Dr. Nawaz Ahmed Virk, Director General of Minerals at the Ministry of Energy, dismissed claims that Pakistan holds $6 trillion worth of mineral reserves, calling the figure “highly exaggerated” and not based on comprehensive exploration. However, he emphasized that the country still possesses significant untapped mineral…
Read MoreGovt hikes petrol, high-speed diesel prices by Rs26.77 per litre
Prime Minister Shehbaz Sharif on Friday jacked up prices of both high-speed diesel (HSD) and petrol by Rs26.77 per litre despite no increase being required in the rates of petrol. The premier imposed a nearly Rs27 per litre additional tax on the fuel to push its price higher. Accordingly, the HSD price has been fixed at Rs380.19 per litre, up from Rs353.42 per litre. This marks a 7.5% increase. Diesel prices are still significantly lower than their peak of Rs520.4 on April 10. Diesel is considered the most inflationary fuel…
Read MoreTrump Signals Possible Islamabad Visit as Pakistan Leads Push for US–Iran Deal
WASHINGTON: US President Donald Trump has hinted at a possible visit to Islamabad if a final peace agreement between the United States and Iran is successfully concluded there, expressing optimism over ongoing negotiations. Speaking to reporters at the White House, Trump said, “If a deal is signed in Islamabad, I may go. They want me,” indicating confidence in Pakistan’s role as a key mediator in the talks. He claimed that Tehran had accepted “almost everything” under negotiation, though he reiterated Washington’s demand for the dismantlement of Iran’s nuclear programme. Trump…
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