Author: Admin

The Middle East conflict has sharply intensified, with Israel and the United States launching strikes against targets in Iran, triggering a widening security crisis across the region and raising concerns over energy security and global stability. Israeli Strikes and Lebanon Evacuation Orders The Israeli military has expanded its operations, issuing fresh evacuation warnings across Lebanon. According to the Israel Defense Forces (IDF), residents in nearly 50 locations were urged to leave immediately, particularly in southern Beirut neighbourhoods Ghobeiry and Haret Hreik. In a statement posted on Telegram by IDF Arabic-language…

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ISLAMABAD: Ongoing negotiations between Pakistan and the International Monetary Fund (IMF) moved to a virtual format on Monday after the Fund’s staff mission relocated from Islamabad to Istanbul due to escalating regional tensions following US and Israeli attacks on Iran. The IMF mission, led by Iva Petrova, had begun in-person discussions in Karachi and Islamabad on the third review of Pakistan’s $7 billion Extended Fund Facility (EFF) and the second review of the $1.1bn Resilience and Sustainability Facility (RSF). However, an advisory from the IMF headquarters prompted the delegation’s immediate…

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KARACHI: Escalating military tensions in the Middle East and the reported closure of the Strait of Hormuz have triggered alarm across global shipping markets, with companies adopting precautionary measures and imposing war-risk surcharges that could significantly impact Pakistan’s trade and energy supplies. The strategic waterway, which connects the Persian Gulf to the Gulf of Oman, handles nearly a quarter of the world’s oil shipments. Any prolonged disruption is expected to drive up crude oil and LNG prices, alongside sharply higher marine insurance premiums. Chairman of the Pakistan Ships’ Agents Association…

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