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    Adnan Arif appointed to FPCCI Central Standing Committee on Media Broadcasting

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    Pakistan’s Trade Deficit Surpasses $4bn in April 2026, Highest in Nearly Four Years

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    Pakistan successfully conducts training launch of indigenously developed Fateh-II Missile System: ISPR

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    Iran FM Returns to Pakistan Amid Ongoing Mediation Efforts Before Moscow Visit

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    No PTI Leaders Reach Adiala Jail to Meet Imran Khan Despite Scheduled Visit

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    TİKA-Led Turkish Delegation Visits Pakistan to Strengthen Cooperation on Flood Management and Climate Resilience

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    Adnan Arif appointed to FPCCI Central Standing Committee on Media Broadcasting

    Adnan Arif appointed to FPCCI Central Standing Committee on Media Broadcasting

    Pakistan’s Trade Deficit Surpasses $4bn in April 2026, Highest in Nearly Four Years

    Pakistan’s Trade Deficit Surpasses $4bn in April 2026, Highest in Nearly Four Years

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    No Peak-Hour Load Shedding as Power Generation Improves, Says Power Division

    PM Shehbaz Introduces National Housing Finance Scheme to Boost Home Ownership

    PM Shehbaz Introduces National Housing Finance Scheme to Boost Home Ownership

    Pakistan successfully conducts training launch of indigenously developed Fateh-II Missile System: ISPR

    Pakistan successfully conducts training launch of indigenously developed Fateh-II Missile System: ISPR

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    Iran FM Returns to Pakistan Amid Ongoing Mediation Efforts Before Moscow Visit

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    No PTI Leaders Reach Adiala Jail to Meet Imran Khan Despite Scheduled Visit

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    Pakistan, Seven Muslim Nations Reject Any Change to Jerusalem Status, Condemn Israeli Actions

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    Iran Appreciates Pakistan’s Mediation as Ceasefire Uncertainty Persists

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    TCS Air Launches Its First Dedicated Cargo Aircraft by Acquiring Boeing 737 Freighter

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    Indian Rupee Hits Record Low Amid Inflation Fears and Rising Oil Prices

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    Pakistan Economy Projected to Grow 4% in FY26: Finance Minister

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    EU–Pakistan Business Forum Launched in Islamabad, Opening New Trade and Investment Opportunities

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    CENTCOM Enforces Hormuz Blockade

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    Pakistan, Saudi Arabia Pledge to Expand Economic and Strategic Cooperation

  • World
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    TİKA-Led Turkish Delegation Visits Pakistan to Strengthen Cooperation on Flood Management and Climate Resilience

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    PM Shehbaz Sharif Condemns Drone, Missile Strikes in UAE

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    US war in Iran has cost $25 billion so far, says Pentagon official

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    Iran FM Returns to Pakistan Amid Ongoing Mediation Efforts Before Moscow Visit

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    Iran FM to Revisit Pakistan After Oman Trip, Focus on Regional Diplomacy

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    Qualified Teams Confirmed for 2026 FIFA World Cup; Iran to Participate After Venue Dispute Resolved

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    PCB Fines Naseem Shah Rs20 Million for Contract Breach

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    Security Breach Allegation Involving Lahore Qalandars Players Raised with PSL Authorities

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    Pakistan, Norway Sign First-Ever Carbon Market Deal Under Paris Agreement

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    Pakistan ranked most polluted country in 2025, data shows

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    PMD Forecasts Nationwide Rain, Thunderstorms from March 24 to 30, Warns of Floods and Hailstorms

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    Massive Blizzard Halts Travel Across U.S. Northeast, Over 5,700 Flights Canceled

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    Glacier Grafting: Pakistan’s Himalayan Communities Fight Water Scarcity Amid Melting Glaciers

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    WRAP holds workshop to advance institutionalization

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US Approves $16.5bn Arms Deal for Gulf Allies Amid Rising Iran Tensions

News Desk by News Desk
March 20, 2026
in Business, Latest
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US Approves $16.5bn Arms Deal for Gulf Allies Amid Rising Iran Tensions
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News Desk (MNN); The United States Department of State has approved a massive $16.5 billion arms sale to key Middle Eastern allies, including the United Arab Emirates, Kuwait, and Jordan, as regional tensions with Iran continue to escalate.

According to the State Department, the largest share — approximately $8.4 billion — will go to the UAE for advanced military equipment, including drones, missiles, radar systems, and F-16 Fighting Falcon jets.

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Kuwait is set to receive nearly $8 billion worth of air and missile defence radar systems, while Jordan will receive around $70.5 million in support for aircraft and munitions.

In its statement, the State Department said the deal aims to strengthen US foreign policy objectives and enhance the security of its strategic partners in the region. It described the UAE as a key contributor to political stability and economic progress in the Middle East.

The approval was granted without requiring Congressional consent after Marco Rubio invoked emergency provisions, citing urgent security concerns that necessitated immediate arms transfers.

The move comes against the backdrop of intensifying conflict between the United States and Iran. The administration of Donald Trump joined Israel in launching strikes on Iran on February 28, sparking a broader regional confrontation.

The ongoing conflict has significantly impacted global energy markets. Attacks on Iranian oil infrastructure, including the Kharg Island, have triggered retaliatory threats from Tehran against energy facilities in allied countries such as Qatar and Saudi Arabia.

Additionally, Iran has disrupted tanker traffic through the Strait of Hormuz, a critical passage through which roughly one-fifth of the world’s oil and gas supply flows.

As a result, fuel prices have surged globally. In the United States, gasoline prices have risen from $3.10 per gallon last month to $3.88, according to the American Automobile Association.

The defence contracts are expected to involve major US companies, including RTX Corporation, Northrop Grumman, and Lockheed Martin. However, despite the deal, shares of these firms have shown a slight decline in trading.

Meanwhile, the US Department of Defense is seeking additional funding to sustain ongoing military operations. Reports suggest that the Pentagon has requested up to $200 billion in extra funds.

US Defense Secretary Pete Hegseth acknowledged the need for increased military spending, stating that significant resources are required to address evolving threats.

This request comes on top of the previously approved $150 billion military funding under recent legislation, pushing total US defence spending beyond $1 trillion for the 2026 fiscal year.

Any further funding will require Congressional approval, though President Trump has defended the proposed increase, citing growing global instability and security challenges.

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