How expensive could oil become if Iran closes the Strait of Hormuz? Oil markets saw significant volatility on Monday as concerns rose over the potential closure of the Strait of Hormuz by Iran. Brent crude prices initially surged by 5.7%, reaching $81.40 per barrel — the highest level in five months — before stabilizing later […]
Day: June 23, 2025
Electricity supply schedule issued for Muharram
Electricity supply schedule issued for Muharram. The Power Division has ordered all power distribution companies (Discos) across the country to take immediate steps to ensure uninterrupted electricity during the holy month of Muharram. With extreme heatwave conditions expected, authorities aim to prevent any disruption during religious gatherings. In a letter issued Sunday, Federal Power Minister […]
Pakistan extends airspace ban for Indian aircrafts by one month
Pakistan extends airspace ban for Indian aircrafts by one month. Pakistan has announced the extension of the closure of its airspace for Indian aircraft for another month. The decision will be formally made through a Notice to Airmen (NOTAM) to be issued later today. Pakistan had initially closed its airspace to Indian aircraft on April […]
Putin terms US attack on Iran as ‘groundless and unjustifiable
Putin terms US attack on Iran as ‘groundless and unjustifiable. Russian President Vladimir Putin has strongly denounced the recent Israeli and U.S. hostilities against Iran, calling them “groundless, unjustifiable, and illegitimate” during talks with Iranian Foreign Minister Abbas Araghchi in Moscow. Putin described the attacks on Iran as “an unprovoked aggression” that violates international norms […]
Karachi gets its first-ever beach resort
Karachi gets its first-ever beach resort. Mayor Barrister Murtaza Wahab on Friday inaugurated the Cove Beach Resort at Hawk’s Bay, marking the launch of Karachi’s first-ever beach resort developed through a public-private partnership (PPP). Addressing the ceremony, the mayor said the city now offers a world-class coastal experience, eliminating the need for residents to travel […]