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• Spill poses a serious threat to marine life and local fishing economy • Source of spill remains unconfirmed, though it may be linked to regional tanker incidents and sea conditions in the Strait of Hormuz GWADAR: Gwadar’s western coast has been covered with a thick layer of crude oil across a 20-kilometre stretch, posing a severe threat to marine life and the local fishing industry, officials said on Friday. “Thick crude oil has washed ashore, covering a vast area of the coastline and penetrating sensitive intertidal zones,” officials said. The situation has sparked widespread concern among environmentalists and the local community over its potential long-term impact on the marine ecosystem. (CLOCKWISE) Workers inspect patches of spilled oil washed ashore along the coast of Gwadar; a cleanup worker holds a thick clump of toxic residue while a sea turtle lies on a beach contaminated with crude oil.—Dawn Deputy Director of Environment Abdul Rahim Baloch, while confirming that crude oil had reached Balochistan...
Co-hosts Canada grabbed a second-half equaliser to draw 1-1 with Bosnia and Herzegovina on Friday in the first World Cup finals game ever played on Canadian soil. Cyle Larin got Canada’s goal after Jovo Lukic put Bosnia ahead with a header in the 21st minute in Toronto. The result gave Canada its first point in World Cup history. Canadian sides had a perfect record of futility at two previous tournament appearances in 1986 and 2022, with six losses. Lukic’s goal from a corner sent the small but enthusiastic Bosnian contingent at the Toronto Stadium into a frenzy. Canada had the majority of play in the first half but failed to generate any real chances. Bosnia and Herzegovina’s players celebrate the opening goal during the 2026 World Cup Group B football match between Canada and Bosnia and Herzegovina at the Toronto Stadium in Toronto, Canada on June 12, 2026. — AFP The stadium erupted in the 17th minute when forward Jonathan David had a clear shot on goal, but it was easily handled by Bosnian keeper Nikola Va...
Prime Minister Shehbaz Sharif on Friday confirmed that a “final agreed-upon” text of the peace deal between Iran and the United States had been reached. A day prior, US President Donald Trump said the United States and Iran could sign a peace deal as soon as this weekend, which, if finalised, would be the most significant diplomatic breakthrough yet to end the months-old war. “We just made a great settlement of the war with Iran,” Trump told reporters at the White House. “The strait will officially open as soon as we sign, which could be soon, very soon, maybe over the weekend in Europe,” he said. In a post on X, PM Shehbaz said Islamabad was working “closely” with both sides to finalise the next steps of the process. “Peace has never been this close as it is now.” The premier also cautioned against an “incessant misinformation campaign being waged by those who want to sabotage the peace deal”. Iranian Foreign Minister Abbas Araghchi made similar comments, calling the potential deal the “Islamabad memorandum ...
The government on Friday reduced the price of petrol by Rs4 per litre and diesel by Rs2 per litre with immediate effect. Following the decrease, the price of petrol stands at Rs373.78 per litre and high-speed diesel (HSD) at Rs378.78, down from Rs377.78 and Rs380.78 per litre, respectively. The Petroleum Division’s notification announcing the decrease said the new prices would be effective from June 13 (Saturday). This is the fifth consecutive weekly reduction in petrol prices, with a cumulative decrease of Rs41 per litre. Last week, the government announced a Rs4 reduction in the per litre price of petrol, while the price of HSD remained unchanged at Rs380.78. The government is currently charging about Rs100 per litre on HSD in the form of customs duty, petroleum levy and climate support levy, besides the inland freight equalisation margin. Meanwhile, the total tax on petrol stands at Rs125 per litre, including petroleum levy, customs duty and climate levy. The government is also charging about Rs21 per litr...
The Pakistan Economic Survey arrives each June in two registers. The first is the press conference: growth is back, inflation has been beaten. The second is the statistical annex, which records, without adjectives, what actually happened—and this year it describes a stabilisation, real, hard-won, and worth defending. Except that it has so far fixed none of the things that made stabilisation necessary in the first place. We have been here before—in 2000, in 2016, in 2019; the difference this time should be what we do next. Four root problems run through the tables: a tax system that collects too little and distorts what it touches; an exchange rate we manage for comfort rather than competitiveness; an industrial policy that keeps backing the wrong horses; and a fiscal federalism model that has quietly broken. The Survey documents all four. The machine, in two paragraphs Take one object and keep it in view: a Faisalabad textile exporter’s invoice. The price on it is in dollars. Almost everything behind it is pa...10706 items