Qatar energy minister warns Iran war will force Gulf to halt energy exports within weeks: report

Qatar expects all Gulf energy producers to shut down exports within weeks if the Iran conflict continues and drives oil to $150 a barrel, the country’s Energy Minister Saad al-Kaabi told the Financial Times in an interview published on Friday. Qatar halted its production of liquefied natural gas on Monday, as Iran continued to strike Gulf countries in retaliation for Israeli and US attacks. The country’s LNG production is equivalent to about 20% of global supply and plays a major role in balancing both Asian and European markets’ demand for the fuel. “Everybody who has…

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Govt drops ‘fuel bomb’, hikes petrol and high-speed diesel by Rs55/litre as Gulf war chokes supplies

The government on Friday sharply increased diesel and petrol prices by Rs55 per litre or 20% — marking the first increase in a series of similar surges in coming days due to the ongoing US-Israel and Iran war, which has disrupted supply chains and pushed crude oil prices to two years’ highest level. Regional tensions escalated sharply after air strikes by the United States and Israel last week killed Ayatollah Ali Khamenei, Iran’s Supreme Leader, along with several senior officials. The strikes triggered retaliatory actions by Iran, widening the conflict…

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Five-year roadmap in works for Pak-Uzbek trade boost

ISLAMABAD: Pakistan plans to present a five-year roadmap aimed at significantly increasing trade with Uzbekistan, as both countries reviewed progress on bilateral economic cooperation and explored new avenues for expanding commercial ties. The development came during the second session of the Pakistan-Uzbekistan Joint Working Group on Trade, held in Islamabad under the chairmanship of Special Assistant to the Prime Minister on Industries and Production Haroon Akhtar Khan. According to a statement issued by the Ministry of Industries and Production on Friday, the meeting reviewed progress on previously agreed Memorandums of…

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ECC revises power deals to save Rs163b

ISLAMABAD: The government on Friday approved revised electricity purchase contracts with 15 power plants, which would save about Rs163 billion over the remaining life of their contracts and also write off interest payments to government-owned plants. The decision, taken by the Economic Coordination Committee (ECC) of the Cabinet, would help marginally reduce energy costs and pave the way for clearing the Rs235 billion circular debt that the government owes to its own power plants. Headed by Finance Minister Muhammad Aurangzeb, the ECC revised the terms of agreements with 14 wind-based…

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Rashid’s umrah plea deferred

RAWALPINDI: A division bench of the Lahore High Court Rawalpindi comprising Justice Jawad Hassan and Justice Tariq Mahmood Bajwa has adjourned until March 12 the hearing of an intra-court appeal seeking permission for former interior minister Sheikh Rashid Ahmed to perform Umrah. The court observed that it would examine in detail the important issue of placing accused persons’ names on the Exit Control List or blacklist on the basis of FIRs and would deliver a detailed judgment in light of the Constitution. Sheikh Rashid appeared before the court along with…

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PM directs provinces to take legal action against petroleum hoarders

The government has directed provincial authorities to launch strict action against hoarders of petroleum products and ensure uninterrupted fuel supply, while confirming that adequate reserves are available to meet the country’s needs, according to the Prime Minister’s Office. According to the Prime Minister’s Office, officials informed a high-level meeting that Pakistan currently has sufficient stocks of petroleum products to fulfil domestic requirements despite the evolving regional situation. The statement said authorities were instructed to take strict legal action against individuals and businesses involved in hoarding petroleum products. “Any petrol pump involved…

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‘Court must protect witnesses’ dignity’

ISLAMABAD: The Supreme Court has issued important directions regarding courtroom practices and expressed concern over lengthy cross-examinations and the practice of repeatedly asking witnesses similar questions by multiple defence counsel. In a recent verdict, it warned that such tactics could amount to abuse of the right of cross-examination and advised trial court judges to actively supervise proceedings and disallow irrelevant or humiliating questions intended to harass witnesses. The court also directed that witnesses must be provided with seating arrangements while recording their testimony. It observed that there is no legal…

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SC questions delay in Imran’s reply

ISLAMABAD: The Supreme Court on Friday heard review petitions filed by the founder of Pakistan Tehreek-e-Insaf in a Rs10 billion damages case concerning the termination of his right of defence, with judges questioning the delay in submitting a reply to the claim. A three-member bench headed by Justice Ayesha Malik heard the review petitions. During the hearing, Justice Hashim Kakar remarked that the court had repeatedly given the PTI founder time to submit a response. “The court had several times given the PTI founder time to file a reply,” Justice…

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Pakistani convicted of plotting to kill Trump over death of Iran commander

A Pakistani man was convicted on Friday of planning to kill President Donald Trump and other prominent US politicians two years ago at the behest of Iran, the Department of Justice said. Asif Merchant was accused of trying to recruit people in the US in a plan targeting Trump and others in retaliation for Washington’s killing of Iranian military commander Qassem Soleimani in 2020, when Trump was in his first term. Targets in the 2024 plot also included then-President Joe Biden and Nikki Haley, who ran against Trump that year for the Republican…

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Pakistan urges Iran to avoid Gulf attacks

ISLAMABAD: Pakistan has intensified diplomatic outreach amid the rapidly evolving crisis in Iran and the wider Gulf region, engaging regional capitals while urging restraint and cautioning against actions that could further widen the conflict, officials and diplomatic sources said on Friday. Deputy Prime Minister and Foreign Minister Ishaq Dar spoke with Iranian Foreign Minister Seyyed Abbas Araghchi on Friday evening, expressing concern over the deteriorating regional situation and stressing the importance of maintaining communication as tensions escalate. According to the Foreign Office, both sides agreed to remain in close contact…

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