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Oil prices rise as US sends armada to Iran, slaps new sanctions

NEW YORK/LONDON: Oil prices rose on Friday after U.S. President Donald Trump ratcheted up pressure against Iran through fresh sanctions on vessels that transport its oil, and announced that an armada was heading towards the Middle Eastern nation. Trump’s statements renewed warnings to Tehran against killing protesters or restarting its nuclear program. The escalating pressure…

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IMF MD praises PM Shehbaz for leading Pakistan’s economic reforms

Davos: International Monetary Fund (IMF) Managing Director Kristalina Georgieva has praised the economic reforms undertaken by the Pakistani government under the leadership of Prime Minister Shehbaz Sharif. Speaking to the media at the World Economic Forum in Davos, Switzerland, Georgieva said she has the “utmost respect” for Prime Minister Shehbaz Sharif. “The Prime Minister is…

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