Qatar Gas Terminal Blast: 54 Hurt, 18 Missing
An explosion at Qatar's Ras Laffan gas terminal during restart efforts after Iran bombing injured 54 and left 18 missing, threatening global energy markets.
Category : Business
Saudi Arabia Highlights Global Support on World Refugee Day
Saudi Arabia highlighted its global humanitarian support on World Refugee Day, with assistance reaching $23.761 billion, including a new KSrelief camp in Gaza and programs in Jordan's Zaatari camp.
Pakistan cuts taxes on imported smartphones for next fiscal year
Pakistan's National Assembly has approved amendments to reduce taxes on imported mobile phones, cutting Regulatory Duty by 20% and easing the tax burden on mid-tier devices, says lawmaker Kasim Gilani.
Brent falls after US-Iran talks conclude in Switzerland
Brent crude fell $1.19 to $79.38 a barrel after US-Iran talks concluded in Switzerland, with Tehran securing waivers for oil exports, easing supply shortage fears.
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Philippines School Shooting: 3 Dead, 2 Students Arrested
Two students aged 14 and 15 opened fire at San Jose National High School in Tacloban, Philippines, killing three and wounding seven others. The suspects were arrested.
Africa Child Surgery Crisis as Anaesthesia Runs Out by 2027
Halothane, the main anaesthetic for child surgeries in Africa, will run out by 2027, forcing hospitals to switch to costly sevoflurane, risking reduced surgical capacity.
Australian Police Seize 3 Tons of Cocaine in Record Bust
Australian police found 2.7 metric tons of cocaine on a Sydney property, the largest seizure in the country's history, with a street value of $572 million.
Pakistan Motorway Police Enforce Fire Extinguisher Rule
Pakistan's NHMP will enforce fire extinguisher rules for commercial vehicles from June 24, with a 60-day awareness extension for private vehicles to enhance road safety.
Saudi Construction Costs Edge Up 0.2% in May
Saudi Arabia's Construction Cost Index rose 0.2% month-on-month in May 2026, with annual growth at 2.6%, driven by higher equipment rental, labor, and energy costs amid Vision 2030 projects.
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Saudi industrial output up 5.1% in 2025 led by mining
Saudi Arabia's Industrial Production Index grew 5.1% in 2025, reaching 110.4 points, driven by a 5.8% rise in mining and a 3.9% increase in manufacturing, according to GASTAT.
Pakistan gets seventh LNG cargo since April as tensions ease
Pakistan received its seventh LNG cargo since April 2026 after a Qatari carrier arrived on Monday, as Islamabad secures energy supplies amid easing Middle East tensions.
Japan Ships in Gulf Drop to 37 Amid Iran War
The number of Japan-related vessels stranded in the Gulf has fallen to 37 from 45 since the Iran war began, with seven ships transiting the Strait of Hormuz and one transferred.
IHG to operate 6 Luxury & Lifestyle brands in KSA by 2028
InterContinental Hotels & Resorts expects its Luxury & Lifestyle portfolio in Saudi Arabia to expand to six brands by 2028, as the global hospitality group expands alongside the Kingdom’s tourism ambitions, a top official revealed.
Oman Inflation Hits 3.8% in May on Transport, Personal Goods
Oman's consumer prices rose 3.8% year-on-year in May, with transport and personal goods leading increases, according to official data. Inflation varied across governorates, from 4.8% in Al Dhahirah to 2.3% in Dhofar.
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Makkah, Madinah Tourism Resilient Despite Regional Conflict
Makkah and Madinah's hospitality sectors showed resilience in early 2026, with strong hotel performance despite regional travel disruptions, as Saudi Arabia expands religious tourism infrastructure.
SR450m Fashion District Planned in Riyadh by Sidra Capital
Sidra Capital and Four Directions sign MoU for SR450m Fashion District in Riyadh, a mixed-use hub blending luxury hotel, offices, retail, and events venue to boost creative economy.
Middle East SWFs Set for Transformative Growth: Bain
Middle Eastern sovereign wealth funds are entering a pivotal period where strategy adaptation is key to sustaining growth, with Bain & Co. reporting the region holds 40% of top 10 SWF assets.
US-Iran Deal Cuts Jet Fuel Costs, Airfares May Stay High
Airlines could save billions from lower jet fuel after US-Iran deal, but passengers may not see immediate fare relief as carriers rebuild margins amid limited capacity.
54 Injured, 18 Missing After Qatar LNG Complex Blast
An explosion at Qatar's Ras Laffan LNG complex injured 54 and left 18 missing. The 'technical accident' occurred during restart after an Iranian attack, shaking Doha 70 km away.
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India UAE BrahMos Akashteer Defence Talks Progressing
India is in initial talks with the UAE to sell BrahMos cruise missiles and Akashteer air defence systems, as the Gulf nation diversifies arms suppliers post-Middle East conflict, sources say.
PSX Opens Week with Rally as KSE-100 Index Gains 464 Points
The PSX KSE-100 Index rose 464 points to 179,386.94 on Monday, mirroring Asian market rally amid improved geopolitics and softer oil prices.
PPP Blocks IT, PTA, RWA Legislation in Senate Unless Scrutinized
PPP Senator Sherry Rehman stated the party will not pass any IT, PTA, or RWA legislation in the Senate without thorough standing committee scrutiny and amendments, citing draconian clauses like Section 27A.
Punjab Irrigation Maintenance: Rs 8.9 Billion vs Rs 80-160 Billion Needed
Punjab allocated Rs 8.9 billion for irrigation repairs in 2026-27, but engineering practice requires Rs 80-160 billion annually to preserve a Rs 4 trillion asset, risking infrastructure debt.
People's Bus Service: A New Era for Shikarpur Commuters
The People's Bus Service in Shikarpur introduces air-conditioned buses, fixed routes, and special seating for women, seniors, and disabled, ending years of overcrowded, unreliable transport.
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Australia Inks Record $1.75B Radar Deal with Canada
Australia announced its largest defense export deal, a A$2.5 billion ($1.75 billion) agreement with Canada for Over-the-Horizon Radar technology, enhancing Arctic surveillance and defense cooperation.
KP Govt Approves Rs10 Billion Electric Bus Service for Hazara
KP minister Akbar Ayub Khan announces Rs10 billion electric bus service connecting Haripur, Abbottabad and Mansehra, approved in provincial budget.
KP girl students urge lawmakers to boost female education
A delegation of the Rise and Shine Girls Education Network met KP parliamentarians, urging action to address the 52% out-of-school rate for girls aged 5-16 and improve school facilities.
Father, Son Killed in Mardan Dumper Truck Accident
A father and his teenage son died after a speeding dumper truck hit their motorcycle in Mardan's Boot Seri area; driver fled the scene. Rescue 1122 officials confirmed the fatalities.
Abbottabad Interchange Reapproved, PM Shehbaz to Inaugurate
The Abbottabad Interchange project has been reapproved with PM Shehbaz Sharif expected to inaugurate it soon. Former minister Murtaza Javed Abbasi confirmed Rs600 million released, land cost up 800%.
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Environmentalists Urge Planting Native Canopy Trees to Beat Heat
Environmentalists call for planting native canopy trees like Siris and Pipal in cities to lower temperatures, boost rainfall, and fight pollution, as Peshawar faces severe PM2.5 levels.
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