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ISLAMABAD: Finance Minister Muhammad Aurangzeb on Wednesday cautioned over oil stocks amid global uncertainty due to the US-Israel and Iran war, but said that there was no emergency-like situation in Pakistan. Briefing the Senate Standing Committee on Finance, the minister suggested conserving fuel as a preventive measure. “We are not going for rationing of fuel as there is no fuel shortage in the country, but things could become serious if the war drags on,” Aurangzeb said in response to the query by Saleem Mandviwala, the chairman of the committee. The committee was informed that there were petrol and diesel stocks for 28 days, crude oil stocks for 10 days, and liquefied petroleum gas (LPG) and liquefied natural gas (LNG) for 15 days. “But some cargoes have been stuck in Qatar and to offset this short supply, the output from local gas fields was being enhanced,” he added. The committee was informed that the finance ministry would hold daily meetings with the relevant departments to monitor the country’s fue...

Former Pakistan captain Babar Azam was dropped from the squad for a One-Day International series against Bangladesh, despite scoring a century in his last ODI series. The Pakistan Cricket Board (PCB) announced a 15-man squad on Wednesday that excluded Babar who made an unbeaten 102 against Sri Lanka in November. He endured a torrid time at the Twenty20 World Cup, however, managing just 91 runs across four innings as Pakistan exited at the Super Eight stage. Left-arm fast bowler Shaheen Shah Afridi will captain the side for the three-match series starting next week in Dhaka. The PCB called up six uncapped players including Abdul Samad, Maaz Sadaqat, Saad Masood and Shamyl Hussain who played against the England Lions in Abu Dhabi before the series was called off due to the conflict in the Middle East. Pakistan squad: Shaheen Shah Afridi (captain), Abdul Samad, Abrar Ahmed, Faheem Ashraf, Faisal Akram, Haris Rauf, Hussain Talat, Maaz Sadaqat, Mohammad Rizwan (wicketkeeper), Mohammad Wasim Junior, Muhammad Ghazi ...

Muhammad Aurangzeb on Tuesday informed the Senate Standing Committee on Finance that Pakistan currently has sufficient petrol and diesel stocks for the next 28 days, assuring lawmakers that there is no shortage of oil and gas in the country.

On Sunday afternoon, protesters in Islamabad pressed shoulder to shoulder, most of them dressed in black, and chanted slogans that rippled through the crowd. “Death to America, death to Israel,” they shouted in unison. Among them was also Kazim Hussain, who clutched a portrait of Ayatollah Khamenei. The student, also an activist affiliated with Shia group Imamia Students Organisation (ISO), believes that the crisis unfolding in Iran was not a distant geopolitical conflict playing out beyond Pakistan’s western border. For him, it is deeply personal and emotionally moving. “This is not just an attack on Iran. It concerns all Shia Muslims,” he said, raising his voice above the chants as the crowd marched toward the US embassy. “The death of Ayatollah Khamenei will not end the movement. It has strengthened it.” Kazim’s words reflect a growing wave of anger and grief within Pakistan’s Shia community following the assassination of Iran’s supreme leader amid escalating attacks by Israel and the United States, as wel...

The US State Department said on Wednesday it had ordered non-emergency personnel from US consulates in the cities of Karachi and Lahore and their families to leave Pakistan due to security concerns. “The Department of State ordered non-emergency US government employees and the family members of US government personnel from US Consulates Lahore and Karachi to leave Pakistan due to safety risks,” the US Mission in Pakistan said in a statement. It said there was no change to the status of its embassy in Islamabad. The advisory noted “an ongoing threat of drone and missile attacks from Iran and significant disruptions to commercial flights” amid the ongoing conflict in the Middle East. While there is also an additional consulate in Peshawar, the updated travel advisory did not mention anything about it. Following the onset of hostilities between Iran and the US and Israel since February 28, the State Department has issued similar instructions for its staff in multiple regional countries. These include Jordan, Bah...

ISLAMABAD: Pakistan on Wednesday formally requested that Saudi Arabia provide an alternative oil supply route through Yanbu to maintain its fuel supply chain in the wake of the closure of the Strait of Hormuz following the United States-Israel attack on Iran. The request was made by Federal Minister for Petroleum Ali Pervaiz Malik to the Saudi ambassador to Pakistan, Nawaf bin Said Al-Malki during a meeting. The Saudi ambassador assured full support in this regard, according to a statement by the petroleum division. During the meeting, both sides discussed matters of mutual interest and bilateral cooperation. The minister apprised the ambassador about the current situation and the implications of the closure of the Strait of Hormuz on global energy markets. He stated that Pakistan is closely monitoring the evolving situation on a daily basis, as the majority of Pakistan’s energy supplies transit through the strait. The minister emphasised that Pakistan’s government was actively endeavouring to ensure continui...

ISLAMABAD: Deputy Prime Minister and Foreign Minister Ishaq Dar on Tuesday said that Pakistan was ready to facilitate dialogue between the United States and Iran. “Pakistan is ready to facilitate dialogue between Washington and Tehran in Islamabad,” Dar said while speaking in the upper house of Parliament. He noted that both Prime Minister Shehbaz Sharif and Chief of Army Staff Field Marshal Asim Munir had played a “very active and positive role” in diplomatic and defence-level engagements aimed at defusing tensions. He also told the Senate that Iran had agreed not to build nuclear weapons, but said the US was pressing for the complete dismantling of Tehran’s nuclear programme. In his speech, he also recalled that the dialogue process between the US and Iran was initially progressing “successfully”. He also highlighted Prime Minister Shehbaz Sharif’s visit to Austria, where he held a meeting with the International Atomic Energy Agency (IAEA) chief, who Dar said was “optimistic that dialogue was heading in a p...

Deputy Prime Minister and Foreign Minister Ishaq Dar has reaffirmed that Pakistan stands wholeheartedly with Iran, urging that the situation not be given a wrong domestic colour and stressing continued diplomatic efforts to bring the parties back to the negotiating table.

A total of 116 outbound flights from major airports across Pakistan to various Middle Eastern destinations were cancelled on Saturday, leaving thousands of passengers stranded amid escalating regional tensions.

ISLAMABAD: A senior security official on Monday dismissed speculation that after Iran, Pakistan could be the next target of US-Israeli military action, saying such perceptions were “devoid of facts” and were being spread by “agents of chaos”. According to a brief shared with Dawn, the official said Pakistan was unlike Iran, that it was fully integrated with the world and fully capable of defending itself. He said that those spreading “alarmist narratives” were pursuing “nefarious and vested interests.” His remarks came amid an escalating war in the Middle East in which Israel and the United States, for the second time in eight months, launched coordinated strikes against Iran. Tehran retaliated by targeting Israeli territory and American military facilities in neighbouring countries, raising fears of a wider regional conflagration. Following the US-Israeli airstrikes, there has been speculation and concerns that Pakistan could face similar aggression. Some analyses from Western think tanks had also speculated...

Islamabad - Deputy Prime Minister Ishaq Dar on Monday said Pakistan remains a strong proponent of regional peace and stability but it will make no compromise on its sovereignty and safety of its people.

ISLAMABAD: The ongoing talks between an International Monetary Fund (IMF) staff mission and authorities in Islamabad had to be converted to virtual mode on Monday due to the regional situation following the attack on Iran by the United States and Israel. The IMF mission, led by Iva Petrova, had to immediately relocate to Istanbul following an advisory issued by the money lending agency’s headquarters, disrupting a series of sectoral meetings planned for the day. The remaining schedule of meetings, however, will remain intact and will progress through video link between Islamabad and Istanbul. “An IMF mission led by Iva Petrova has started discussions with the authorities in Karachi and Islamabad on the third review of Pakistan’s Extended Fund Facility (EFF) arrangement and the second review of the Resilience and Sustainability Facility (RSF). Discussions will continue to be held virtually,” the Fund said in a statement. Earlier in the day, the two sides had a kick-off meeting presided over by Finance Minister...

Pakistan mounts 'full diplomatic effort'

Deputy Prime Minister and Foreign Minister Ishaq Dar on Monday said Pakistan was making “full diplomatic efforts” to de-escalate the regional situation following attacks by the United States and Israel on Iran. “This recent escalation … has … significantly heightened tensions in an already volatile and fragile environment. We are making full diplomatic efforts and requesting all parties to de-escalate,” Dar said during a media briefing in Islamabad. He recalled Prime Minister Shehbaz Sharif’s visit to Austria and noted that he held discussions with the International Atomic Energy Agency (IAEA), saying that the “feedback was positive”. He said that “serious developments” had taken place at a time when “diplomatic efforts were underway to reach a peaceful and negotiable … solution”. “But what triggered all of a sudden engulfed … almost all countries,” he said. He then referred to a high-level meeting chaired by the prime minister on Sunday, which reviewed the regional environment and the situation between Pakis...

The Embassy of Pakistan in Abu Dhabi has launched an initiative aimed at “facilitation and outreach” efforts for Pakistani nationals residing in the United Arab Emirates (UAE) amid heightened tensions in the Middle East. In a post on X, the embassy said, “The Embassy of Pakistan in Abu Dhabi has launched an online registration form for the Pakistani community residing in the UAE for the sake of facilitation and outreach”. The nationals were directed by the embassy to register here. The embassy has set up facilitation desks in Abu Dhabi and Dubai, which will “operate round the clock”. The embassy also issued directives for Pakistani nationals stranded in transit in the UAE due to flight disruptions and airport closures to register here. In a post on X, the embassy said, “All Pakistani citizens who are presently in transit are requested to fill out this form carefully and completely”. “The information provided will help the Embassy coordinate with relevant authorities and airlines to extend necessary assistance...

Amid escalating tensions in the Middle East, air routes passing through Pakistan and Afghanistan have emerged as some of the busiest aviation corridors in the world, according to flight tracking data.

• PM speaks to Jordan, Bahrain rulers, offers support to restore calm; Dar contacts Omani, Iraqi counterparts • Loud blasts heard in Dubai and Doha; Oman hit for first time; multiple Gulf ports targeted • Emirati, Kuwaiti stock markets closed amid crisis • UAE confirms Pakistani national killed by missile debris ISLAMABAD: Amid Ira­nian counterattacks against US assets in the Gulf, Pakistan reached out to the rulers of Jordan and Bahrain via telephone and urged the need for restraint, de-escalation, and dialogue to preserve regional peace and stability. The Gulf states, which house American assets, came under attack after Iran retaliated to joint US-Israeli strikes, which killed its top leadership, including the supreme leader, and scores of citizens. According to the PM Office, the PM held a telephone conversation with Jordan’s King Abdullah II to discuss the evolving regional situation. The two leaders exchanged views on the serious regional developments following the recent escalation from the Israeli atta...

If the war between Iran and the United States escalates, the single biggest economic threat to Pakistan will come from oil. Brent crude settled around $72.5 a barrel on Friday, already up nearly 19 per cent year-to-date, according to CNBC. Rumours are swirling of oil touching $100. For Pakistan, even modest increases carry heavy consequences. For every $10 rise in oil prices, the current account deficit increases by roughly $1.5–$2 billion, explains former chief executive officer of the Pakistan Business Council, Ehsan Malik. “If prices were to climb to $100, the deficit could expand by $5–$7bn on an annualised basis, potentially undoing recent gains that allowed FY25 to post a $2bn current account surplus.” Markets are extremely erratic right now, says energy analyst Syed Rashid Husain. Iran produces roughly 3–3.5 million barrels of oil per day, exporting about 1–1.5m barrels. While this is far lower than the output of the United States (about 13.5m barrels per day) or Saudi Arabia (around 9–10m), even a los...

Prime Minister Shehbaz Sharif on Sunday chaired a high-level meeting to review the regional situation and the country’s security situation, state-run PTV reported. The development comes as Pakistan launched Operation Ghazab lil-Haq against the Afghan Taliban earlier this week after the neighbouring country targeted Pakistani positions along the border. Separately, the United States and Israel launched strikes against Iran on Saturday, assassinating Iranian Supreme Leader Ayatollah Ali Khamenei. Tehran called the strikes unprovoked and illegal and responded with missiles fired at Israel and at least seven other countries, including Gulf states that host US bases. In a post on X, the state broadcaster said that during the meeting, the regional situation was reviewed in detail, while Pakistan’s role in maintaining peace in the region and multiple actions in this regard were also considered. The situation of Afghanistan was also deeply reviewed during the meeting, while the members were also given a briefing on t...

Pakistan’s shortcomings were laid bare during their lacklustre T20 World Cup campaign which ended on Saturday when the team failed to reach the semi-finals. From the captain Salman Agha, who was criticised for not being a T20 player, to slow batting rates and the use of all-rounders not up to the job, the Green Shirts were shown to be behind the times in the rapid-fire format. Former wicketkeeper-batsman Kamran Akmal believes there is a huge gulf in standard between Pakistan and the top sides such as India, West Indies, South Africa and England. “Other teams have evolved to the demands of Twenty20 cricket, but neither our team nor our players meet those standards,” Akmal told AFP. “It is like other teams are playing on the moon and we are on earth. We only beat smaller teams but lose to top teams.” Pakistan had high hopes for the T20 World Cup after sweeping Australia 3-0 in a pre-tournament series. The team boasted a quintet of spinners that should have been suited to the turning pitches in Sri Lanka where t...