Govt Reviews Fuel Prices Daily Amid Gulf Tensions

The Pakistani government is conducting daily reviews of fuel prices and availability in response to escalating tensions in the Gulf region, with Finance Minister Aurangzeb leading the effort to ensure market stability.

FCC Rejects Re-Litigation Attempt, Upholds Decisions

The Federal Communications Commission (FCC) has firmly closed the door on re-litigation, emphasizing the finality of its decisions. This move aims to prevent redundant legal challenges and streamline regulatory processes.

SBP Governor: No UAE Loan Repayment Demand

State Bank of Pakistan Governor Jameel Ahmad informed a National Assembly panel that there is no demand from the UAE for repayment of a $2 billion loan, addressing concerns amid economic discussions.

Oil, Gas Shipping Costs Surge as Iran Closes Strait of Hormuz

Shipping through the Strait of Hormuz has nearly halted after Iran attacked vessels, causing supertanker costs to hit record highs and LNG rates to jump over 40%. The conflict has disrupted global energy markets, with Brent crude up nearly 10% this week.

Bolan Mail Train Service Suspended Indefinitely

Pakistan Railways has indefinitely suspended the Bolan Mail train service between Quetta and Karachi due to safety and security concerns, impacting passenger travel and freight logistics.

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