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- Iran-Kuwait Tensions Rise Following U.S. Strikes Near Strait of Hormuz
Iran-Kuwait Tensions Rise Following U.S. Strikes Near Strait of Hormuz
Tensions in the Gulf region escalated after Iran reportedly launched attacks toward Kuwait following recent U.S. military strikes on Iranian positions near the Strait of Hormuz. According to U.S. Central Command, the operation targeted Iranian sites overlooking the strategically important waterway. In response, Kuwait's military stated that it was countering retaliatory missile and air attacks. The developments have raised concerns about regional stability and placed additional strain on ongoing ceasefire efforts.
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The Pakistani rupee continued its upward trajectory against the US dollar, gaining 0.01% or Rs0.02, to close at Rs281.11, according to data from the State Bank of Pakistan (SBP). Over the past four months, the currency has appreciated by 9.25%, or almost Rs26, compared to its ...
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The sugar sector in Pakistan achieved a milestone with record earnings of Rs22 billion in the fiscal year 2023, marking a substantial 78% increase year-on-year. The surge in earnings is attributed to a rise in sugar prices, resulting in improved gross margins for the sector. ...
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