Pakistan News

The United Arab Emirates said on Tuesday that it was quitting Opec, dealing a heavy blow to the oil-exporting cartel and its de facto leader, Saudi Arabia, at a time when the Iran war has caused a historic energy shock and rattled the global economy. But what is Opec, and how does it impact consumers? What is Opec? Founded in 1960, the Organisation of the Petroleum Exporting Countries (Opec) is a bloc of oil-exporting nations that coordinate their oil and gas policies as a means of managing the oil market. The founding members were Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela, but in 2016 the group expanded into OPEC+, which now comprises 23 countries. The bloc controls slightly over 50 per cent of global crude production, Jorge León, head of geopolitical analysis at Rystad Energy, told Reuters . What is the purpose of Opec? Opec’s main purpose is to reduce volatility in oil markets, León said. He used the example of the Covid-19 pandemic, when oil demand dropped by 20 milli...

BANNU: A terrorist was killed early Wednesday when Bannu police repelled an attack on the Mazanga police post, officials said. Police officials said heavily armed terrorists attacked the post in the early hours of Wednesday, but personnel responded promptly and foiled the assault. An intense exchange of fire between police and the attackers continued for some time, leaving one terrorist dead and several others injured. The wounded attackers were taken away by their accomplices under the cover of darkness. Following the incident, Bannu District Police Officer (DPO) Yasir Afridi, along with Deputy Superintendent of Police (DSP) Arshad Khan and teams from the Rapid Response Force and Quick Response Force, reached the scene immediately. They cordoned off the area and initiated a search operation. Police also recovered blood traces from multiple locations, indicating further casualties among the terrorists. During the attack, a constable sustained minor injuries and was shifted to a ho...

An image of United States President Donald Trump will soon appear in some US passports, officials said on Tuesday, shattering another norm as the president aggressively puts his personal stamp on government institutions. There are few precedents anywhere in the world, let alone in a democracy, of displaying sitting leaders’ pictures in passports, and Trump would be the first sitting US president featured in Americans’ travel documents. The State Department said it would offer the limited-edition passport to mark this year’s 250th anniversary of the US Declaration of Independence. The department — which has historically viewed itself as outside US partisan politics — posted on social media a sample of the passport, which features a stern-looking Trump superimposed over the Declaration of July 4, 1776. Trump’s signature — in gold — lies underneath. A second limited-edition passport showed a historic painting of the US Founding Fathers. “As the United States celebrates Ame...

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QUETTA: Five labourers were injured in a grenade attack in the Dalbandin area of Chagai district late on Monday night, police said. According to police officials, unidentified assailants on motorcycles threw a hand grenade at a house, which exploded in the backyard and injured five labourers. “The injured individuals are from Punjab who were working on a daily wage,” police officials said. Security forces rushed to the site shortly after the incident and shifted the injured to Prince Fahad Hospital. Police added that the windowpanes of the affected house and nearby homes were also damaged. An investigation has been launched, and no group has yet claimed responsibility for the attack. On Feb 16, two people were injured when unidentified individuals threw a hand grenade at a milk shop situated on Khuda-i-Dad Road in Quetta. Last year, an eight-year-old child was killed and five other members of a family, including two women, were injured when a grenade exploded inside a house in...

Britain’s King Charles III met Donald Trump at the White House early Tuesday, kicking off a high-stakes state visit shadowed by transatlantic tensions and a new alleged attempt to assassinate the US president. Behind the warm welcome for Charles and Queen Camilla in front of the cameras lay a deepening rift in the so-called “special relationship” between Washington and London over Trump’s war in Iran. With such tensions simmering, Charles will address a joint meeting of Congress on Tuesday, when he will tell US lawmakers that the long history between the two countries is one of “reconciliation and renewal,” according to a released excerpt from the king’s speech. In mild Washington sunshine, Charles and Trump exchanged handshakes and apparently friendly remarks, which reporters were unable to hear, outside the White House South Portico. First Lady Melania Trump, wearing a primrose yellow suit, gave Charles and Camilla kisses on both cheeks. Camilla was wearing a Cartier brooch...