Category: Popular News

Islamabad, July 2, 2026 Federal Minister for Petroleum, Ali Pervaiz Malik, held a meeting with Hou Jianxin, Chairman of Shandong Xinxu Group Corporation, China, to discuss expanding cooperation and investment opportunities in Pakistan’s energy sector. During the meeting, Mr. Hou Jianxin expressed his company’s strong interest in investing across Pakistan’s energy value chain and proposed a long-term strategic partnership. He stated that Shandong Xinxu Group possesses advanced technologies and expertise in upstream oil and gas operations, including field optimization, drilling services, and production enhancement, and is keen to collaborate in…

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In a dramatic escalation, Iran’s negotiating team has officially decided to suspend all message exchanges with the United States through mediators. Iranian sources say the decision will remain in effect until there is an immediate cessation of what Tehran describes as the Israeli military’s ongoing operations in Gaza and Lebanon. Reports indicate that Iran and allied resistance groups have now resolved to pursue a more aggressive military and economic strategy. This plan reportedly includes: ✅ Complete closure of the Strait of Hormuz, a critical chokepoint for global oil shipments. ✅…

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Karachi: S&P Global have expanded their three-year, $10 million StepForward initiative aimed at preparing young people with the skills required to thrive in an AI-driven workforce. Launched in December 2025, the initiative supports organizations delivering innovative workforce readiness and AI education programs worldwide. Through global and regional collaborations, alongside skills-based volunteering by S&P Global employees, the program seeks to empower youth with future-ready capabilities. Mujeeb Zahur said that Urdu AI will play a key role in providing accessible AI literacy training through mobile-friendly courses and workshops in Urdu. The initiative…

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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…

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