There is a sigh of relief in the oil markets, at least for the time being. The ‘limited’ Israeli retaliatory strike against Iran early Friday morning provided the space for Tehran to label the attacks as almost a non-event. The Israeli response was regarded as so weak that Israel’s hawkish national security minister, Itamar Ben Gvir, conceded he wasn’t happy with his country’s response. “Weak”,
The situation of street crimes in Karachi is better than Washington and Paris, Sindh Senior Minister Sharjeel Inam Memon boasted last week. Quoting updates from the International Crime Index, he said at a presser that Karachi ranked 78th out of 333 cities in various countries, according to a Dawn report. Had the staff of the learned minister looked at the right page of Numbeo.Com (the one that
Even though Israel and Iran have signalled their intention to walk back down the escalation ladder following their limited but direct ‘tit-for-tat’ strikes against each other since April 13, the world remains on edge due to concerns about the conflict swarming the entire Middle East. A crucial energy supplier and a key shipping passageway, the region has been in the headlines since the beginnin
Beyond conventional diplomatic efforts, Pakistan has yet to undertake a comprehensive national-level initiative to meticulously monitor, analyse and prepare for the potential ramifications of the escalating cycle of retaliation in the Middle East. These potential effects encompass a surge in oil prices, displacement of the Pakistani workforce in the Middle East, deferment of work on the already
Finance Minister Muhammad Aurangzeb has stated that the process of privatising PIA will be finalised by the end of June or early July, with Islamabad airport potentially following suit shortly after. “The government has no business being in business,” the minister declared at a Saturday afternoon news briefing, explaining the government’s plan to divest from state-owned enterprises (SOEs).