E&P firms seek Rs75b tariff subsidy
ISLAMABAD: Petroleum exploration and production (E&P) companies have informed the federal government that the payables of gas utilities to foreign firms have mounted to $600 million and called for allocating a tariff differential subsidy of Rs75 billion to avert collapse of Pakistan’s upstream petroleum sector. In a letter written to the minister of petroleum, Pakistan […]
China’s new reconnaissance drone spotted taking debut flight
ISTANBUL: A new Chinese high-altitude, high-speed reconnaissance unmanned air vehicle (UAV) was spotted on Friday in the air making its debut flight. The WZ-8 drone aircraft reportedly flew three times the speed of sound and can reach altitudes of approximately 30 kilometres (18.6 miles). The blog of Defence Blog magazine sighted the WZ-8 positioned beneath […]
Rahul shines as Lucknow beat Chennai in IPL
LUCKNOW: KL Rahul’s solid 82 runs off 53 balls helped Lucknow Super Giants comfortably beat Chennai Super Kings by eight wickets in the IPL on Friday. Rahul’s time at the crease, which saw him smash nine fours and three sixes, played a key role in pushing Lucknow past Chennai’s 176-6 with six balls to spare. […]
Pakistan rejects ‘political use’ of export controls, says FO after US sanctions suppliers
ISLAMABAD: The Foreign Office (FO) rejected on Saturday the “political use” of export control measures after the United States imposed sanctions on four entities for allegedly supplying “missile-applicable items” to Pakistan’s ballistic missile program. “It is a reality that the same jurisdictions, which claim to exercise strict non-proliferation controls, have waived off licensing requirements for […]
Private sector support urged
KARACHI: The Ambassador of the Republic of Azerbaijan to Pakistan, Khazar Farhadov, stressed that although Azerbaijan and Pakistan have strong relations at the political and defence levels, along with close historical bonds, there is a dire need to further develop economic and business relations, according to a press statement released by the Karachi Chamber of […]
Iraq’s PMF force says base was attacked, army investigates
BAGHDAD: A huge blast at a military base in Iraq early on Saturday killed a member of an Iraqi security force that includes Iran-backed groups. The force commander said it was an attack while the army said it was investigating and there were no warplanes in the sky at the time. Two security sources had […]
Tsitsipas saves two match points to reach Barcelona semi-finals
BARCELONA: World number seven Stefanos Tsitsipas saved two match points to defeat Facundo Diaz Acosta and reach the semi-finals of the Barcelona clay-court tournament on Friday. The Greek came through 4-6, 6-3, 7-6 (10/8) after his 53rd-ranked Argentine opponent missed a match point in the 12th game of the deciding set. Both men then saved […]
Pakistan rejects ‘political use’ of export controls, says FO after US sanctions companies
ISLAMABAD: The Foreign Office (FO) rejected on Saturday the “political use” of export control measures after the United States imposed sanctions on four entities for allegedly supplying “missile-applicable items” to Pakistan’s ballistic missile program. “It is a reality that the same jurisdictions, which claim to exercise strict non-proliferation controls, have waived off licensing requirements for advanced […]