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Oil prices steadied in early trade on Wednesday, with markets assessing the potential impact of a ceasefire deal between Israel and Hezbollah, and ahead of Sunday’s OPEC+ meeting. Brent crude futures fell 2 cents to $72.79 a barrel by 0114 GMT, while U.S. West Texas Intermediate crude futures were at $68.73 a barrel, down 4 cents, or 0.1%. Both benchmarks settled lower on Tuesday after Israel agreed to a ceasefire deal with Lebanon’s Hezbollah. A ceasefire between Israel and Hezbollah will take effect on Wednesday after both sides accepted an agreement brokered by the United States and France, U.S. President Joe Biden…

Despite an agreed-upon ceasefire, tribal clashes in Kurram district escalated on Tuesday, leaving three more people dead and 21 others injured. The death toll has now climbed to 90, with 114 individuals injured over the past four days of violent conflict, according to police reports. Another injured victim succumbed to injuries in the hospital. Authorities confirmed that the violence has brought the region to a standstill, with the Parachinar-Kohat-Peshawar highway remaining closed to all types of traffic. Tensions have also led to the postponement of Intermediate Part II exams in the district, according to the district administration. Kohat Commissioner Motasim…

Former federal minister Faisal Vawda said that Pakistan Tehreek-e-Insaf (PTI) founder Imran Khan will face more difficulties following the embattled party’s protests. Expressing his thoughts on Samaa TV, Vawda said, “Ali Amin Gandapur and Bushra Bibi might be getting arrested.” He talked about the possibility of the raid by the law enforcement agencies (LEAs), saying, “KP is not the part of India where it is impossible to raid.” “The police is chasing Bushra Bibi. She was only inciting the people but did not come to D-Chowk,” Vawda stated. He also schooled the PTI founder, saying, “The PTI founder is seeing…

A massive crackdown on Pakistan Tehreek-e-Insaf (PTI) protesters unfolded in Islamabad on Tuesday night, as law enforcement launched a large-scale operation to clear key areas, including Kulsoom Plaza Chowk and the Blue Area. It is reported that all the PTI workers in the main protest convoy have dispersed, while Imran Khan’s wife, Bushra Bibi, and Khyber Pakhtunkhwa Chief Minister Ali Amin Gandapur have left the Blue Area in the same vehicle. Earlier, it was reported that Bushra Bibi and Gandapur were likely to be arrested. Reportedly, Bushra Bibi and Ali Amin Gandapur left the containers two hours ago, and since…

Pakistan had sped up the development work at the Karachi stadium for the highly anticipated Champions Trophy, slated to be happen next year in February. According to details, the new building had been constructed at the University End. The old screen had been removed from the stadium. The new screens will be installed at the stadium for the highly anticipated tournament. The galleries will be constructed for the VIPs and broadcasters at the stadium. Meanwhile, the fans seemed to be pleased with the renovation of the stadium.

Chinese President Xi Jinping said that the pressing task for the Palestinian question is to comprehensively and effectively implement the relevant UN Security Council resolutions to end the war as soon as possible. The fundamental way out is to implement the two-state solution and promote the political settlement of the Palestinian question, Xi said in his congratulatory message to a UN meeting held on Tuesday to commemorate the International Day of Solidarity with the Palestinian People.

China said  that it strongly condemns and firmly opposes the recent U.S. move to blacklist 29 Chinese companies under the “Uygur Forced Labor Prevention Act” and has lodged solemn representations with the country. The U.S. move, which has no factual basis, is an act of bullying under the guise of human rights protection and “a typical act of economic coercion,” a Chinese Ministry of Commerce spokesperson said, adding that China will take necessary measures to resolutely safeguard the legitimate rights and interests of Chinese enterprises. The spokesperson said that China firmly opposes forced labor, and there is no such thing…

International political figures and business leaders gathered on Tuesday at the opening of a supply chain expo in Beijing, calling for enhanced cooperation to better face global challenges amid rising geopolitical tension and growing trade protectionism. “We hear terms like the end of globalization, decoupling, high fences and small gardens,” but in the end the world needs a functioning and inclusive trading system for the benefits of all businesses and individuals, John Denton, the secretary-general of the International Chamber of Commerce, said in his speech. Global businesses can play a pivotal and unifying role in defending and promoting supply chain…

Chinese President Xi Jinping met with Samoan Prime Minister Fiame Naomi Mata’afa in Beijing on Tuesday, saying China is willing to make empowering Pacific Island countries to tackle climate change a priority in its cooperation with these countries. China will work with Pacific Island countries to promote the full and effective implementation of the United Nations Framework Convention on Climate Change and its Paris Agreement, honor the principle of common but differentiated responsibilities, uphold fairness, justice, and the common interests of the Global South, and build a community with a shared future for mankind, Xi told Mata’afa. Noting that Samoa…

ISLAMABAD  : Pakistan Embassy Beijing, in collaboration with the Board of Investment (BOI), successfully hosted the third in a series of sector-specific B2B matchmaking meetings. This event, focused on fostering joint ventures and investment partnerships in the animal fodder and fruits and vegetables processing sectors. The event featured insightful presentations, individual B2B meetings, networking opportunities, and the signing of 13 Memorandums of Understanding (MoUs) valued at approximately USD 250 million. Over 150 productive B2B meetings, including 30 virtual engagements, took place, providing a robust platform for Pakistani and Chinese companies to explore partnerships and expand trade in these priority sectors.…