Middle East | News

GILGIT: While concerns had been raised about the potential adverse impact of the escalating war in the Middle East and the resulting rise in fuel prices on Gilgit-Baltistan’s tourism and hospitality industry, the situation on the ground suggests otherwise, with a surge in both foreign and domestic tourists. According to officials from the GB tourism department, applications from foreign adventure tourists for climbing and trekking permits have already surpassed last year’s figures. An official told Dawn that the tourism season typically begins in May, although both foreign and domestic visitors also arrive during the blossom season, which peaks towards the end of April. Despite tensions in the wake of the US-Israel war on Iran as well as the fuel price hike, the number of tourists in Skardu has significantly increased since Eidul Fitr. Applications from foreign adventure tourists for climbing and trekking permits has surpassed last year’s figures The official noted that a large number of both foreign and dome...

ISLAMABAD - Prime Minister Shehbaz Sharif Saturday said the government was making every effort to mitigate the impact of ongoing conflict in the Middle East.

Prime Minister Muhammad Shehbaz Sharif, Saturday, said the government was making every effort to mitigate the impact of the ongoing conflict in the Middle East.

Currently, U.S. partners have not indicated that weapons intended for Ukraine are being redirected to the war in the Middle East.

The foreign ministers of the Group of Seven countries, in a joint statement following their meeting in France, called for an immediate halt to attacks on civilians and civilian infrastructure in connection with the war in the Middle East.

Pakistan and China have reaffirmed their shared commitment to promoting peace and stability in the Middle East, calling for urgent diplomatic measures to de-escalate ongoing regional conflicts.

U.S. President Donald Trump stated that American military forces redirect their resources all the time, commenting on reports that the U.S. Department of Defense is considering diverting weapons originally intended for Ukraine to the Middle East.

Prime Minister Shehbaz Sharif highlighted Pakistan’s constructive role in promoting de-escalation and regional stability while discussing the situation in the Middle East with Chinese Ambassador Jiang Zedong on Thursday. On Monday, Pakistan took centre stage in a coordinated diplomatic push alongside Turkiye and Egypt for de-escalation, as the trio appeared instrumental in securing a five-day pause of US plans to strike Iranian energy and power infrastructure, officials said, describing the effort as going beyond routine crisis management. A press release by the Prime Minister’s Office (PMO) said that the Chinese ambassador called on the premier at the PM House today. Deputy Prime Minister and Foreign Minister Senator Mohammad Ishaq Dar, Special Assistant to the Prime Minister Syed Tariq Fatemi, and the foreign secretary were also present, it said. PM Shehbaz appreciated China’s “steadfast economic support” and reaffirmed Pakistan’s commitment to advancing CPEC 2.0, “with a focus on agriculture, industrial co...

KARACHI: Petroleum dealers announced on Wednesday that they were postponing a strike they planned to begin on March 26, keeping in view the situation resulting from the ongoing Middle East conflict, which has given rise to a global fuel crunch and supply uncertainties. Pakistan Petroleum Dealers Association (PPDA) Chairperson Abdul Sami Khan told Dawn that “we have postponed the strike, keeping in view the hardships consumers will face if the war escalates and leads to a supply chain crisis of petroleum products”. He did not give a confirmed date till when the strike was being postponed. Asked if the PPDA would call a strike in the near future, he said, “I cannot confirm right now as the situation is highly volatile.” The association had announced the strike on March 13 and given the government until March 26 to revise the petroleum dealers’ margin from 2.59 per cent to 8pc in the wake of a Rs55 per litre hike in diesel and petrol rates. The decision to raise the prices was announced on March 6 as Pakistan fe...

President of Ukraine Volodymyr Zelensky stated that Ukraine's diplomatic team is actively working on cooperation with countries in the Middle East and the Gulf, which are interested in Ukraine's experience in defending against modern drones.

Sources in the Pentagon said that between 3,000 and 4,000 troops are set to be deployed to an unspecified location in the Middle East to support operations in the region, though no decision had been made to send soldiers to Iran itself

The Asian Development Bank (ADB) on Tuesday announced a financial support package to help its developing member countries mitigate the economic and financial impacts resulting from the conflict in the Middle East. A press release issued by the lender quoted ADB President Masato Kanda as saying, “ADB will deliver rapid, flexible, and scalable assistance to help countries manage immediate pressures and strengthen long-term resilience, notably fast-disbursing budget support and trade and supply chain finance to secure the import of essential goods, now including oil.” Kanda further said that this built on the ADB’s track record of supporting Asia and the Pacific through “periods of global uncertainty”. ADB has ample resources to safeguard existing and planned operations, while expanding emergency support in line with developing member countries’ needs, including utilising its countercyclical lending buffer, the statement said. It added that the bank was closely monitoring global market developments and their pot...

Gold prices fell by 1.8 per cent on Friday as the dollar strengthened on a report that the United States will deploy extra troops in the Middle East, fanning concerns of higher oil prices, inflation, and with it, elevated interest rates. Spot gold fell 1.8pc to $4,563.64 per ounce after earlier rising 1pc. US gold futures for April delivery were 0.7pc lower at $4,574.90. The dollar and US Treasury yields extended gains after a Reuters report, citing three US officials, that the US military is deploying thousands of additional marines and sailors to the Middle East. A stronger dollar makes dollar-priced bullion less attractive to holders of other currencies. The US-Israeli war on Iran has killed thousands, spilled across the Middle East and hit the global economy since the two countries launched a joint attack on February 28. Iran’s prolonged blockade of the Strait of Hormuz could keep energy prices elevated and fuel inflation. “Gold and silver are being dragged lower as markets climb the usual wall of worry a...

Wall Street ended sharply lower on Friday, with the S&P 500 closing at its lowest in six months, as the US-Israeli war against Iran entered its fourth week, deepening worries about inflation and the potential for higher interest rates. The conflict in the Middle East showed no signs of easing. The US military was deploying an amphibious assault ship with thousands of additional Marines and sailors to the Middle East, while Iran’s new supreme leader hailed Iran’s “unity” and “resistance”. “The market is finally settling into the idea that this may go on longer than initially expected, and I think that’s why markets are selling off. This conflict may go on not for just a few weeks, but maybe beyond several months,” said Jake Dollarhide, CEO of Longbow Asset Management in Tulsa, Oklahoma. Magnificent 7 companies fall Wall Street’s most valuable companies dropped, with Nvidia and Tesla losing over 3pc each. Alphabet, Meta Platforms and Microsoft were all down about 2pc. US Treasuries fell for a third session, in ...

Zelenskyy has said Kyiv wants money and tech in return for its help in the Middle East, adding that the U.S. was among the nations that sought Kyiv’s help.

Prime Minister Shehbaz Sharif on Friday discussed the ongoing hostilities in the Middle East in phone calls with leaders from several countries, with all calling for de-escalation in the region. The ongoing war, launched by the US and Israel against Iran, has expanded across the Middle East with Tehran targeting US bases and assets in other countries in the region, including Azerbaijan, and Tel Aviv targeting Hezbollah in Lebanon. The Prime Minister’s Office (PMO) said on the social media platform X that the premier held a telephone conversation with Azerbaijan’s President Ilham Aliyev “to exchange greetings on the auspicious occasion of Eidul Fitr”. “The two leaders also discussed the ongoing hostilities in Iran and the Gulf region,” the statement said. “The prime minister reiterated [his] strong condemnation of the attacks against Azerbaijan and expressed full solidarity and support with the brotherly people of Azerbaijan in these challenging times.” It added that both leaders called for an immediate de-esc...

Only Ukraine has experience in countering large-scale UAV attacks, which is why Ukrainian experts are currently stationed in countries across the Middle East.

The Web3 company will provide capital, advisory support and business development to help Avalanche projects scale, with a focus on real-world assets and digital identity. Animoca Brands has made a strategic investment in Ava Labs and entered a partnership to support projects building on the Avalanche blockchain, focusing on capital deployment, advisory support and expansion in Asia and the Middle East. According to Thursday’s announcement by the Hong Kong-based Web3 company, the collaboration will target sectors including real-world assets, digital identity and entertainment, with Animoca providing business development support and access to regional networks to help Avalanche-based projects scale and reach institutional users. Projects pursued under the partnership may also tap into the broader ecosystem of portfolio companies, Animoca said. Read more

President Volodymyr Zelensky stated that, despite the conflict in the Middle East, Ukraine continues to receive all promised aid packages.

The arrival of petrol and crude oil tankers continues at Port Qasim as the government steps up efforts to ensure fuel availability amid the ongoing Middle East crisis.