Beyond The Time News

Oil Prices Fall 2% as Strait of Hormuz Shipments Recover Despite Security Concerns Near Oman

London: Global oil prices fell nearly 2% on Friday as improving crude shipments through the Strait of Hormuz eased concerns about supply disruptions. The decline came even after a commercial vessel was struck near Oman, highlighting that security risks in the region continue to influence energy markets. According to Beyond Time News, Brent crude dropped…

Audit Report Flags Trillions in Financial Irregularities Across Federal Departments in Pakistan

Islamabad: Pakistan’s latest federal audit has uncovered widespread financial irregularities, weak oversight, and governance shortcomings across dozens of government ministries, departments, and autonomous institutions. The report raises questions over the management of public funds, delayed recoveries, procurement practices, and accountability mechanisms involving trillions of rupees. According to Beyond Time News, the Auditor General of Pakistan’s…

Pakistan-Iran Trade Revival Faces Banking and Energy Challenges Despite $10 Billion Target

Karachi: Pakistan and Iran are once again looking to strengthen their economic partnership as discussions over easing sanctions on Tehran revive hopes for expanding bilateral trade. While both countries have set an ambitious target of increasing annual trade to $10 billion, analysts believe major financial, banking, and infrastructure challenges must be addressed before that goal…

Oil Prices Return to Pre-War Levels as Strait of Hormuz Traffic Recovers and US Reassures Gulf Allies

Manama: Global oil markets showed signs of stabilization on Thursday as crude prices dropped to levels seen before the recent Iran conflict, supported by the recovery of shipping activity through the Strait of Hormuz and ongoing diplomatic efforts between the United States, Gulf states, and Iran. According to Beyond Time News, improving maritime traffic through…

Pakistan and Germany Explore Stronger Cooperation in Education, Tourism, Investment and Economic Reforms

Islamabad: Pakistan and Germany have reaffirmed their commitment to strengthening bilateral relations, with both countries exploring new opportunities for cooperation in education, tourism, economic reforms, cultural exchanges, and investment promotion. According to Beyond Time News, the discussion took place during a meeting between Federal Minister for Planning, Development and Special Initiatives Professor Ahsan Iqbal and…

Pakistan Earned $1.15 Billion from Tourism in 2024 While Overseas Travel Spending Reached $2.4 Billion: FPCCI Report

Karachi: Pakistan’s Tourism Potential Remains Largely Untapped Despite Growing Global Interest Pakistan generated approximately $1.15 billion in tourism revenue from international visitors in 2024, but citizens spent nearly twice that amount on overseas travel, highlighting a significant gap in the country’s tourism economy. According to Beyond Time News, a new report by the Federation of…

ECC Approves Rs52 Billion for Power Distribution Companies, Clears Multiple Development and Infrastructure Projects

Islamabad: ECC Approves Rs52 Billion Support Package for Power Sector and Development Projects The Economic Coordination Committee (ECC) has approved a series of financial measures worth billions of rupees aimed at supporting Pakistan’s power sector, infrastructure development, public administration, and strategic national projects. According to Beyond Time News, the committee authorized a Rs52 billion Technical…

Oil Prices Fall Sharply as Strait of Hormuz Concerns Ease, Gold Drops Below $4,000

Houston/Karachi: Oil and Gold Retreat as Market Fears Over Supply Disruptions Fade Global commodity markets witnessed a sharp pullback on Wednesday as oil prices fell to multi-month lows and gold dropped below a key psychological threshold, reflecting improving investor confidence over energy supplies and shifting expectations for interest rates. The decline came as concerns surrounding…

Pakistan Reduces Mobile Phone Import Duties by 20% in Budget 2026-27, Set to Ease Smartphone Prices

Islamabad: Pakistan’s federal government has approved a 20 percent reduction in regulatory duties on imported mobile phones as part of the Budget 2026–27, a move expected to bring noticeable relief in handset prices for consumers from July 1, 2026. The decision comes amid ongoing efforts to restructure the country’s tariff system and balance revenue collection…