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Islamabad: Prime Minister Muhammad Shehbaz Sharif chaired a high-level meeting to accelerate development projects through Public-Private Partnership (PPP), granting in-principle approval to restructure and strengthen the Public-Private Partnership Authority (P3A). It was decided that P3A will now function under the Privatisation Division and will be overseen by the Cabinet Committee on Privatisation. The Prime Minister…

Tokyo: Japanese automaker Toyota has announced it will reduce its global vehicle production by 38,000 units by November due to the ongoing crisis in West Asia. According to Kyodo News, the cuts will primarily affect trucks manufactured for the Middle Eastern market. The latest reduction follows earlier cuts of 20,000 units in March and 24,000…

Washington/Tehran: Uncertainty surrounding a potential US-Iran ceasefire has sent shockwaves through global financial markets. Brent crude oil surged nearly 5 percent, reaching $95.16 per barrel, as investors braced for further escalation in the Middle East. US S&P 500 futures fell 0.6 percent while European futures dropped 1.1 percent. Asian markets, however, showed a mixed picture…

Berlin: A Sikh place of worship in Germany turned into a battleground as a violent confrontation between rival factions broke out, resulting in gunfire and leaving 11 people injured. Eyewitnesses said the dispute erupted between members of the gurdwara’s former and current management committees, reportedly over a financial disagreement involving community funds. More than 40…

Budapest: Hungary’s newly elected Prime Minister Peter Magyar has declared that his government will arrest any world leader who holds an active arrest warrant from the International Criminal Court (ICC). When asked by a journalist whether Israeli Prime Minister Benjamin Netanyahu would be detained if he visited Hungary, Magyar confirmed that the law would apply…