Author: Admin

LAUNCESTON: A month after military strikes by the United States and Israel on Iran, global markets for crude oil, refined products, and liquefied natural gas (LNG) are already operating under what analysts describe as the second-worst possible scenario. At the center of the الأزمة lies the Strait of Hormuz, a critical maritime corridor that typically handles around 20% of the world’s oil, fuel products, and LNG shipments. The waterway remains largely inaccessible to commercial shipping, leaving global energy supplies severely constrained and markets highly vulnerable. Despite claims from Washington and…

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ISLAMABAD: President Asif Ali Zardari on Monday directed authorities to take all possible steps to ease the burden of rising prices on citizens, particularly amid mounting oil and gas supply pressures, escalating energy costs, and an evolving regional situation. Chairing a high-level consultative meeting at Aiwan-e-Sadr, the president stressed the need to protect low-income groups from inflation in essential goods and services. The meeting was attended by Prime Minister Shehbaz Sharif, along with chief ministers of all provinces, representatives from Gilgit-Baltistan and Azad Jammu and Kashmir, and senior federal officials.…

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ISLAMABAD: Pakistan’s power sector circular debt is projected to approach Rs1.9 trillion, rising from Rs1.689 trillion recorded during the first half (July–December) of FY2025-26, according to sources in the Power Planning and Monitoring Company. As of February 28, 2026, the circular debt stock stood at Rs1.889 trillion, reflecting a sharp increase of nearly Rs200 billion in just two months. The surge comes amid mounting economic pressure linked to Middle East tensions and renewed concerns from the International Monetary Fund, which has termed the issue a serious risk to Pakistan’s economic…

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