Whether India will heed the counsel of global powers, including the United States, and how it will interpret Pakistan’s warning of a “swift, resolute and notch-up” response, as per the army chief, to any act of aggression remains unclear. Consequently, the risk of military escalation cannot be entirely ruled out despite intense diplomatic efforts aimed at averting a clash between the two nuclear-a
For more than five years now, Saudi Arabia — the world’s largest oil exporter and the Organisation of the Petroleum Exporting Countries Plus (Opec+) kingpin — has been striving to balance the global oil demand and supply by controlling output. Riyadh has been at the forefront of this effort and has been shouldering the major weight of the Opec+ output cut mechanism. In recent months, Opec+ cut
The Pakistan Stock Exchange (PSX) experienced a tumultuous session on Tuesday. Trading began in the red as nervous investors continued to cut their positions due to various political and economic concerns, which pushed the benchmark index below the 113,000 barrier intraday. However, the news of the scheduling of the IMF Board meeting lifted market sentiments and helped the index partially recover
GLOBALLY, the benchmark speed for high-speed trains is between 200 and 250 kilometres per hour (kmph), while more advanced bullet trains can travel over 300kmph. The Punjab government, in its quest to run a high-speed train, is looking to redefine these standards. Last month, Punjab Chief Minister Maryam Nawaz Sharif held a meeting to discuss a plan to operate a high-speed rail link between Lah
The government reduced petrol and diesel prices on Wednesday by Rs2 per litre each for the current fortnight ending May 15. In a late-night announcement, the Ministry of Finance said Ogra had reviewed and adjusted prices for petroleum products in view of the fluctuations in the international market. The ex-depot price of high-speed diesel (HSD) was decreased by Rs2 per litre (2 per cent) to