aramco profit soars
| |

Aramco profit soars 44% despite Houthi attack thre…

Riyadh: Saudi oil giant Aramco has reported a 44% increase in profits, with company officials saying recent attacks by Yemen’s Houthi rebels failed to disrupt its production or operations.

Aramco President and CEO Amin H. Nasser said attempts to target the company’s facilities, including sites near the Red Sea, had no significant impact on its oil output or operational capacity. He credited the company’s strong security measures and operational planning for ensuring uninterrupted production and energy supplies.

Speaking to reporters, Nasser said Aramco continued to operate normally despite heightened regional tensions, demonstrating the resilience of its infrastructure and workforce.

He added that the company’s strong financial performance reflects its ability to maintain stable energy production while reinforcing its position as a leading global supplier.

Energy analysts say Aramco’s ability to keep production steady despite ongoing security risks is crucial for maintaining stability in global oil markets. They also believe the company’s latest results highlight investor confidence and the resilience of Saudi Arabia’s energy sector amid continued regional uncertainty.

Similar Posts

  • | |

    Two policemen injured in Peshawar IED attack

    PESHAWAR: Two police personnel sustained minor injuries after an improvised explosive device (IED) exploded near a police vehicle in Peshawar on Sunday, officials said. The blast occurred near Pir Zakorhi Bridge, close to the Peshawar-Islamabad Motorway toll plaza, where a police van was travelling on routine duty. The explosion damaged the vehicle and left the driver and a police constable with minor injuries. Rescue teams and law enforcement officials quickly reached the site and shifted the injured officers to a nearby hospital for medical treatment. Authorities said both policemen were in stable condition and suffered only minor wounds. The Bomb Disposal Unit (BDU) launched a search operation in the surrounding area after the explosion. Initial findings suggested that the explosive device had been planted along the roadside in a green belt and was detonated as the police vehicle passed by. Security personnel thoroughly scanned the area to ensure no additional explosive devices were present. Police cordoned off the scene and began collecting evidence to determine those responsible for the attack. An investigation has been launched, while officials are examining the nature of the explosive and the method used in the incident. The latest attack comes amid a surge in militant violence across Khyber Pakhtunkhwa. In recent days, several security personnel have lost their lives in separate terrorist attacks and counterterrorism operations in different parts of the province.

  • |

    Galle Gallants storm into LPL 2026 final on Sam Harper’s fireworks

    Galle Gallants have booked their place in the Lanka Premier League 2026 final after a commanding win. They beat Colombo Kaps by six wickets in the second qualifier at the R Premadasa Stadium on Friday. Chasing a target of 177, the Gallants completed the win on the fourth ball of the 18th over. They lost just four wickets throughout the entire chase. The innings got off to a shaky start after Thomas Rogers fell for 13 in just the third over. From there, though, Sam Harper and Charith Asalanka took full control of the run chase. The pair added 126 runs together off just 85 deliveries, taking the total to 147 inside 16.3 overs. Asalanka eventually departed after scoring 59 off 42 balls, hitting four sixes and three fours along the way. Harper continued his excellent tournament form, following his wicket with a stylish half-century of his own. The Australian batter finished unbeaten on 77 off 51 balls, striking four sixes and four boundaries in the process. Despite a flurry of late wickets, skipper Dasun Shanaka and Sahan Arachchige steadied the innings from there. The pair remained unbeaten on 8 and 5 respectively, guiding their side comfortably over the line. Ravindu Fernando was the pick of the bowlers for Colombo Kaps, picking up two wickets in the match. Earlier in the day, Kaps had posted 176 in 18.5 overs after being put in to bat first. Rubin Hermann and Ravindu Fernando played key roles with the bat, rescuing their side from an early collapse. Galle Gallants will now face Jaffna Kings in the LPL 2026 final on Saturday, at the same venue.

  • | |

    Sistrology ignored? Ahad sparks buzz

    Pakistani actor Ahad Raza Mir has become the centre of attention on social media after a behind-the-scenes video from a recent award ceremony sparked widespread discussion among fans. The actor, who is currently receiving praise for his latest television role, attended the Pakistan Influencer Awards as a guest alongside several celebrities and digital content creators. A video from the event, which later circulated across social media platforms, showed Ahad Raza Mir standing near a group of well-known influencers while remaining focused on the stage during the programme. The clip appeared to show the actor keeping to himself without engaging in conversation, a moment that quickly caught the attention of internet users. The footage generated mixed reactions online, with many fans sharing humorous comments and opinions about the brief interaction. Some social media users viewed the actor’s reserved behaviour as a reflection of his quiet personality, while others interpreted it as him choosing to remain focused on the event. Several fans praised Ahad for maintaining a low profile during the ceremony, describing his calm and composed attitude as one of the reasons he continues to enjoy a strong fan following. Others pointed out that short video clips can often be taken out of context and may not accurately represent what happened throughout the event. The discussion quickly gained momentum, with users sharing memes, comments and reactions across various social media platforms. While opinions differed, the viral clip further highlighted the actor’s popularity and the public interest surrounding his appearances. Ahad Raza Mir remains one of Pakistan’s leading television stars, with a successful career built on several acclaimed drama serials. His latest performance has also received positive reviews from viewers, adding to his continued presence in the entertainment industry.

  • |

    Pakistan, Kazakhstan agree to accelerate trade and agricultural cooperation

    ISLAMABAD: Pakistan and Kazakhstan have agreed to speed up the implementation of previously signed agreements and memorandums of understanding (MoUs), with both sides seeking to convert existing commitments into practical trade, investment and business opportunities. The understanding was reached during a meeting between Federal Minister for National Food Security and Research Rana Tanveer Hussain and Kazakhstan’s Ambassador to Pakistan Yerzhan Kistafin in Islamabad, where the two sides reviewed a broad range of issues related to agriculture, food security, connectivity, farm mechanisation and private-sector cooperation. According to the Ministry of National Food Security and Research, the meeting focused on identifying areas where bilateral cooperation could produce commercially viable projects and contribute to stronger economic relations between the two countries. Rana Tanveer Hussain said agriculture represented one of the most promising areas for expanding Pakistan-Kazakhstan relations, particularly given the potential for increased trade in agricultural commodities, machinery and technology. The minister stressed that bilateral agreements should move beyond formal commitments and result in concrete projects that could benefit businesses and farmers in both countries. He also called for closer coordination among government departments, research institutions, agricultural organisations and the private sector to facilitate investment and technology transfer. Joint agriculture working group to meet in Kazakhstan Pakistan and Kazakhstan also agreed to hold the next meeting of their Joint Working Group on Agriculture in Kazakhstan. The forum is expected to assess progress on previously identified areas of cooperation and explore additional opportunities in agricultural trade, food security, mechanisation and related fields. The proposed meeting is also expected to provide a platform for officials and private-sector representatives to discuss practical barriers to trade and develop proposals aimed at increasing agricultural exchanges between the two countries. Kazakhstan, meanwhile, showed interest in supplying wheat to Pakistan. Pakistani authorities agreed to examine the proposal while taking into account factors including the prevailing price, quality standards and reliability of supply. The development comes as Pakistan continues to explore ways to diversify its sources of food commodities and strengthen trade relationships with Central Asian economies. Pakistan seeks greater access for agricultural exports During the discussions, Pakistan highlighted the export potential of several agricultural products, including mangoes, guava, dates, bananas, potatoes and onions. The Pakistani side expressed interest in securing greater access for these products in Kazakhstan and other Central Asian markets. Improved market access, the officials noted, could create new opportunities for Pakistani growers, exporters and agribusinesses. The two sides also discussed the importance of improving transport and logistics infrastructure to support agricultural trade. Connectivity was identified as a critical factor in expanding commercial relations, particularly through proposed rail and regional transportation routes linking Central Asian countries with Pakistan. Better transport links could reduce freight and transit costs, improve the movement of perishable agricultural goods and provide businesses in both regions with access to new markets. Mechanisation offers new area of cooperation Agricultural mechanisation was also identified as an area with considerable potential for joint ventures and investment. Particular attention was given to affordable tractors and agricultural machinery that could be used by small and medium-sized farmers. Cooperation in this field could help improve farm productivity while creating opportunities for manufacturers and investors from both countries. The Pakistani side also emphasised the importance of exchanging agricultural technology and research expertise, saying stronger institutional links could support innovation and improve agricultural productivity. The minister underscored the need for closer engagement between research organisations, agricultural institutions and business communities so that technical cooperation could be translated into commercially sustainable ventures. Kyrgyzstan supports stronger Pakistan business ties Separately, Pakistan’s private sector has also taken steps to deepen economic engagement with another Central Asian country, Kyrgyzstan. Kyrgyzstan’s Chargé d’Affaires Aibek Tilebaliev held a meeting with Federation of Pakistan Chambers of Commerce and Industry (FPCCI) President Atif Ikram Sheikh, during which the two sides discussed bilateral trade, investment and direct business-to-business contacts. The participants agreed that stronger interaction between companies from Pakistan and Kyrgyzstan would be essential for expanding bilateral commerce and identifying new investment opportunities. Atif Ikram Sheikh welcomed the increasing high-level engagement between the two countries, saying that considerable potential existed to expand trade and investment but that greater efforts were needed to convert this potential into actual business activity. He suggested that a Pakistani business delegation could visit Kyrgyzstan under the FPCCI platform to explore commercial opportunities, establish direct contacts with local companies and develop partnerships in different sectors. Joint Business Council proposed A key outcome of the meeting was agreement to accelerate the establishment of a Joint Business Council between Pakistan and Kyrgyzstan. The proposed council is expected to provide a formal platform for representatives of the two countries’ business communities to discuss trade barriers, investment opportunities, market access and potential joint ventures. Both sides agreed to expedite the necessary steps for setting up the council. Sheikh also highlighted the importance of regional forums, particularly the Shanghai Cooperation Organisation (SCO), in facilitating greater economic integration among member states. He said the platform could be used more effectively to promote trade, investment and business-to-business cooperation across the region. Tilebaliev reaffirmed Kyrgyzstan’s interest in strengthening economic and commercial relations with Pakistan. He stressed that more frequent and direct interaction between business communities would be important for translating political goodwill into tangible economic gains. The parallel initiatives involving Kazakhstan and Kyrgyzstan reflect Pakistan’s broader efforts to deepen economic engagement with Central Asia. Improved connectivity, stronger private-sector links and greater agricultural and industrial cooperation could provide new avenues for Pakistani exporters while opening opportunities for investment and regional trade.

  • | |

    Father mourns son killed before wedding day

    The father of murdered Karachi resident Mir Raza Ali Khan has revealed that his son was eagerly preparing for his wedding, which was scheduled to take place on August 30, describing the tragedy as devastating for the family. Speaking to the media, the grieving father said Mir Raza left home on the morning of July 28 for work but never returned. When repeated attempts to contact him failed because his phone was switched off, the family filed a missing person’s report at the local police station the same day. He said the family later traced his last known location through an online ride-hailing service. Upon reaching the location, they found police officials from Gulistan-e-Jauhar already present. According to the father, police informed the family that an unidentified body had been recovered earlier that morning. Although the victim’s face was unrecognizable, the clothes matched those worn by his son, confirming his identity. The bereaved father said Mir Raza had never shared any concerns about business disputes or personal problems with the family, leaving them shocked and searching for answers behind the killing. Mir Raza Ali Khan, a resident of Karachi’s PECHS area, was found dead in Gulistan-e-Jauhar. Police are continuing their investigation to determine the circumstances surrounding his abduction and murder.

  • | | |

    PSX sheds 280 points amid cautious trading

    The Pakistan Stock Exchange (PSX) remained under pressure during Tuesday’s trading session as investors adopted a cautious approach. The benchmark KSE-100 Index opened on a weak note and stayed in negative territory during the first half of the session. By 1pm, the index had dropped 279.65 points, or 0.16%, to 177,982.68 points. It had closed at 178,262.33 points in the previous session. The market witnessed further pressure shortly after opening. At around 9:39am, the KSE-100 fell to 177,914.38 points, losing 347.95 points, or 0.20%. The index later recovered some of its early losses but remained below the previous close. Trading remained volatile during the session. The index reached an intraday high of 179,123 points and a low of 177,903.87 points. Despite the decline in the benchmark index, market activity remained relatively strong. Around 339.48 million shares were traded during the session. The total value of shares traded stood at approximately Rs19.71 billion. Investor sentiment remained subdued as market participants appeared cautious about taking fresh positions. Profit-taking also contributed to the pressure on the benchmark index. The partial recovery from the morning low indicated some buying interest at lower levels. However, it was not enough to push the index back into positive territory by midday. Investors continued to monitor market developments and broader economic indicators for direction. The afternoon session was expected to determine whether the index could recover its losses or close the day in negative territory.

Leave a Reply

Your email address will not be published. Required fields are marked *