World Business NewsDrone strike triggers fire at UAE’s Fujairah oil zone amid escalating Gulf tensions
UAE intercepts Iranian missiles as Fujairah facility hit; injuries reported and security alerts issued in major cities
May 4, 2026
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World Business News
HeadlinesPakistan business delegation joins SelectUSA summit in Maryland
US forum highlights investment push as trade ties and cooperation agenda deepen
May 4, 2026
HeadlinesIHC backs lease cancellation of One Constitution Avenue project
Court cites developer’s default on Rs17.5bn payment plan; says buyers lack ownership claims
May 4, 2026
HeadlinesCCP approves Nishat consortium’s Rafhan Maize share acquisition
Phase-I review finds no competition concerns despite upstream-downstream linkage
May 4, 2026
HeadlinesAttock refinery restarts main crude processing unit after logistics disruptions ease
ARL says its primary 32,400 BPSD HBU-I unit has resumed operations after normalization of tanker movement and crude supplies
May 4, 2026
HeadlinesKarachi port clears 16,430kg waste in weekly operation
Minister links sustained clean-up drive to safer navigation and improved port efficiency
May 4, 2026
HeadlinesGovernment urged to cut GST on milk in pre-budget talks
18% tax linked to 27% decline in formal dairy sector, proposals call for reduction to 5–10% to improve nutrition and production
May 4, 2026
HeadlinesGovt moves to compensate One Constitution Avenue apartment buyers
Committee reviews legal issues, proposes refunds at original prices as lease dispute leaves Rs14.5 billion unpaid
May 4, 2026
HeadlinesFinance ministry orders surrender of unspent funds within 10 days
Savings under all heads to be returned by May 10, PSDP already cut Rs173 billion as utilisation remains below 50%
May 4, 2026
HeadlinesPakistan may benefit from ADB’s $70 billion power and digital initiative
Plan offers Pakistan a solution to power imbalance as surplus capacity coexists with shortages due to transmission and fuel constraints
May 4, 2026
HeadlinesUS invites Pakistani investors, entrepreneurs at SelectUSA Summit 2026
SelectUSA Summit to host 5,500–5,800 participants from nearly 100 countries, with 1,100 US state representatives to drive investment and business linkages
May 4, 2026
HeadlinesPakistan seeks two Qatari LNG cargoes, holds talks with Iran for safe passage through Strait of Hormuz
Energy Ministry says both vessels already loaded and positioned near chokepoint, awaiting clearance as discussions continue with Iranian authorities to facilitate their transit
May 4, 2026