Web Desk

ISLAMABAD: The US Ambassador in Islamabad, Natalie A Baker, has assured support for promoting foreign investment in Pakistan Railways and agreed to explore opportunities in railway infrastructure and modern technology. The assurance from the US ambassador came during a meeting with Pakistan&rsquo;s Federal Minister for Railways, Hanif Abbasi, in Islamabad on Friday, said a statement from the ministry. The statement added that the discussions between the two focused on potential US investment in locomotives, wagons, freight operations, and railway technology.&nbsp;<div class="fr-embed"><div class="twitter-tweet twitter-tweet-rendered" style="display: flex; max-width: 550px; width: 100%; margin-top: 10px; margin-bottom: 10px;"><iframe id="twitter-widget-0" scrolling="no" frameborder="0" allowfullscreen="true" style="position: static; visibility: visible; width: 550px; height: 672px; display: block; flex-grow: 1;" title="X Post" src="https://platform.twitter.com/embed/Tweet.html?dnt=false&embedId=twitter-widget-0&features=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%3D%3D&frame=false&hideCard=false&hideThread=false&id=2057707234323558760&lang=en&origin=https%3A%2F%2Fmain.d1wrm1qseko1cp.amplifyapp.com%2Farticles%2F&sessionId=99a2bf0f02bab6cb42c718cf768b7d82f804ad0b&theme=light&widgetsVersion=6a3ad42b224df%3A1778106238597&width=550px">&nbsp;&nbsp;&nbsp;</iframe></div></div> &ldquo;Both sides also agreed to expand the decades-long cooperation between Pakistan Railways and an American company, the statement further said. The federal minister for railways held a detailed meeting with the US ambassador to discuss Pakistan-US relations and cooperation in the railway sector. According to the statement, the minister stated that Pakistan Railways is introducing a Track Access Policy for global partners and invited American investors to participate in the sector. The minister said, &ldquo;254 American-built locomotives in Pakistan Railways are a shining example of bilateral cooperation.&rdquo;&nbsp; He further highlighted Pakistan&rsquo;s ongoing regional connectivity projects linking Uzbekistan, Kazakhstan, Nokundi, and Gwadar, aimed at boosting regional trade and connectivity across Central Asia.

Economy

The US Ambassador in Islamabad, Natalie A Baker, has assured support for promoting foreign investment in Pakistan Railways and agreed to explore opportunities in railway infrastructure and modern technology, besides expanding cooperation between Pakistan Railways and an American company.

US ambassador assures support for foreign investment in Pakistan Railways

ISLAMABAD: Pakistan&rsquo;s Prime Minister Shehbaz Sharif said that Youm-e-Takbeer (28 May) remains a powerful symbol of national unity, unwavering resolve, and collective strength. He emphasized that it reflects Pakistan&rsquo;s commitment to safeguarding its independence while ensuring peace and strategic stability in the region. Youm-i-Takbeer commemorates May 28, 1998, when Pakistan became a nuclear power following atomic tests conducted in the Chagai Hills of Balochistan. Sharif, in his message shared on X on the occasion of Youm-e-Takbeer, said, &ldquo;28 May 1998 was a defining moment in our national history - a day when Pakistan demonstrated to the world that it would never compromise on its sovereignty, security, dignity, or right to self-defence.&rdquo;<div class="fr-embed"><div class="twitter-tweet twitter-tweet-rendered" style="display: flex; max-width: 550px; width: 100%; margin-top: 10px; margin-bottom: 10px;"><iframe id="twitter-widget-3" scrolling="no" frameborder="0" allowfullscreen="true" title="X Post" src="https://platform.twitter.com/embed/Tweet.html?dnt=false&embedId=twitter-widget-3&features=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%3D%3D&frame=false&hideCard=false&hideThread=false&id=2059882929031880861&lang=en&origin=https%3A%2F%2Fmain.d1wrm1qseko1cp.amplifyapp.com%2Fdashboard%2F&sessionId=9cfb5131b4917d6a01888e54fe609d9c3fc3c6d8&theme=light&widgetsVersion=6a3ad42b224df%3A1778106238597&width=550px" style="position: static; visibility: visible; width: 550px; height: 369px; display: block; flex-grow: 1;"></iframe></div></div>&ldquo;As we commemorate Youm-e-Takbeer today, we pay glowing tribute to Shaheed Zulfikar Ali Bhutto, who laid the foundation of Pakistan&rsquo;s nuclear programme, and to Quaid Muhammad Nawaz Sharif, whose bold, courageous, and resolute leadership in May 1998 transformed that vision into reality despite immense international pressure.&rdquo;&nbsp;&lsquo;Symbol of national unity&rsquo;&nbsp;Sharif said, &ldquo;We also honour Dr. Abdul Qadeer Khan, Dr. Samar Mubarakmand and the countless brilliant scientists, engineers, valiant armed forces personnel, and all those associated with the nuclear programme, whose dedication, sacrifice, and unwavering commitment made Pakistan&rsquo;s defence invincible.&rdquo; The prime minister said, &ldquo;Youm-e-Takbeer remains a symbol of national unity, unwavering resolve, and the collective strength of all elements of national power in safeguarding Pakistan&rsquo;s independence while ensuring peace and strategic stability in the region.&rdquo; &ldquo;On this historic day, let us renew our pledge to build a strong, prosperous, united, and self-reliant Pakistan founded on faith, unity, and discipline,&rdquo; he said. Effective deterrence doctrine&nbsp;In a separate message shared on X, Pakistan President Asif Ali Zardari said, &ldquo;Youm-e-Takbeer revalidates our effective deterrence doctrine, which is indispensable to maintain regional peace and stability.&rdquo;<div class="fr-embed"><div class="twitter-tweet twitter-tweet-rendered" style="display: flex; max-width: 550px; width: 100%; margin-top: 10px; margin-bottom: 10px;"><iframe id="twitter-widget-4" scrolling="no" frameborder="0" allowtransparency="true" allowfullscreen="true" title="X Post" src="https://platform.twitter.com/embed/Tweet.html?dnt=false&embedId=twitter-widget-4&features=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%3D%3D&frame=false&hideCard=false&hideThread=false&id=2059711831988654371&lang=en&origin=https%3A%2F%2Fmain.d1wrm1qseko1cp.amplifyapp.com%2Fdashboard%2F&sessionId=9cfb5131b4917d6a01888e54fe609d9c3fc3c6d8&theme=light&widgetsVersion=6a3ad42b224df%3A1778106238597&width=550px" style="position: static; visibility: visible; width: 550px; height: 921px; display: block; flex-grow: 1;" data-tweet-id="2059711831988654371"></iframe></div></div>He said, &ldquo;The wars of present age, and future, are likely to consist of multi-domain operations, where, alongside nuclear deterrence, cyber warfare, artificial intelligence, drones and modern technologies are deemed to play a decisive role.&rdquo; The president said, &ldquo;Pakistan&rsquo;s armed forces have Al Hamd-o-Lillah equipped themselves with such expertise and professionalism related to all fields of battle and they have demonstrated their skills and capabilities during the Marka-e-Haq last year.&rdquo;&nbsp;&lsquo;Responsible and peace loving&rsquo;He said, &ldquo;Pakistan harbours no aggressive designs against anyone. We are a responsible and peace-loving nation as we respect international norms and laws.&rdquo; President Zardari said, &ldquo;We reserve the right of self defence under Article 50 of UN charter.&rdquo; &ldquo;Exercising this right Pakistan last year gave a crushing blow to the Indian aggression during Operation Bunyanum Marsoos.&rdquo; &ldquo;Our victory in Marka-e-Haq was the result of national unity, courage and professional excellence of our armed forces,&rdquo; he said. &#39;Unwavering resolve&#39;On the 28th anniversary of Youm-e-Takbeer, Field Marshal Syed Asim Munir, COAS and CDF, Admiral Naveed Ashraf, Chief of the Naval Staff, Air Chief Marshal Zaheer Ahmed Baber Sidhu, Chief of the Air Staff, on behalf of Armed Forces of Pakistan, extended heartfelt felicitations to the people of Pakistan, said a statement released by Pakistan military&#39;s media wing, the Inter-Services Public Relations (ISPR) on Wednesday. Youm-e-Takbeer, &quot;symbolizes the nation&rsquo;s unity, resilience and unwavering commitment to safeguarding its sovereignty, territorial integrity and national honour,&quot; the statement said. &quot;The Armed Forces of Pakistan reaffirm their unwavering resolve to defend the motherland against all threats and remain committed to ensuring the security, stability and prosperity of the nation,&quot; the press release said.

Security

Says, ‘We honor Dr Abdul Qadeer Khan, Dr Samar Mubarakmand and the countless brilliant scientists, engineers, valiant armed forces personnel, and all those associated with the nuclear programme.’

Youm-e-Takbeer symbolizes unity, resolve and strategic stability, says Pakistan PM

ISLAMABAD: Kashmiri leader Mirwaiz Umar Farooq has condemned the Indian authorities&rsquo; denial of Eid prayers at Eidgah and Jamia Masjid for the eighth consecutive year in Indian Illegally Occupied Jammu and Kashmir (IIOJK). The Kashmiri leader, in a post on X on Wednesday, stated: &ldquo;For the 8th consecutive year, Muslims of <a href="https://pakistantv.com/article/former-occupied-kashmir-cm-abdullah-survives-attempt-on-life-man-arrested" target="_blank" style="color:#0073e6;" rel="noopener noreferrer">Kashmiris</a> have been denied the right to offer Eid prayers at the historic&nbsp;<a href="https://pakistantv.com/article/bjp-targeting-islamic-institutions-to-erase-iiojk-identity-says-former-cm" target="_blank" style="color:#0073e6;" rel="noopener noreferrer">Eidgah/Jama Masjid</a>, and I have been placed under house arrest.&rdquo;<div class="fr-embed"><div class="twitter-tweet twitter-tweet-rendered" style="display: flex; max-width: 550px; width: 100%; margin-top: 10px; margin-bottom: 10px;"><iframe id="twitter-widget-2" scrolling="no" frameborder="0" allowtransparency="true" allowfullscreen="true" title="X Post" src="https://platform.twitter.com/embed/Tweet.html?dnt=false&embedId=twitter-widget-2&features=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%3D%3D&frame=false&hideCard=false&hideThread=false&id=2059492307200868521&lang=en&origin=https%3A%2F%2Fmain.d1wrm1qseko1cp.amplifyapp.com%2Fdashboard%2F&sessionId=9cfb5131b4917d6a01888e54fe609d9c3fc3c6d8&theme=light&widgetsVersion=6a3ad42b224df%3A1778106238597&width=550px" style="position: static; visibility: visible; width: 550px; height: 648px; display: block; flex-grow: 1;" data-tweet-id="2059492307200868521"></iframe></div></div>&lsquo;Assault on religious identity&rsquo;&nbsp;He said, &ldquo;On the revered and celebratory occasion of Eid, Muslims of Kashmir are greeted with barricades, restrictions, locked gates and intimidation.&rdquo; Farooq further said, &ldquo;This is not governance; it is a systematic assault on our religious identity, dignity and fundamental rights which deeply hurts us.&rdquo;&nbsp;A generation deprived&nbsp;The Kashmiri leader lamented, &ldquo;It is very unfortunate that children in Kashmir are growing up without witnessing the spiritually uplifting Eid prayers at Eidgah and the festivities thereof.&rdquo; &ldquo;An entire generation is being deprived of knowing their traditions and making memories that have shaped our collective life for centuries.&rdquo; Farooq said, &ldquo;But let those in power know that no power on earth can erase the deep spiritual bond people of Kashmir share with Eidgah, Jama Masjid and their religious institutions.&rdquo; &ldquo;Faith cannot be imprisoned or suppressed through force,&rdquo; he said in his social media post.

India

The Kashmiri leader, in a post on X on Wednesday, stated, 'For the 8th consecutive year, Muslims of Kashmiris have been denied the right to offer Eid prayers at the historic Eidgah/Jama Masjid, and I have been placed under house arrest.'

Mirwaiz condemns continued Eid prayer ban at Jamia Masjid in occupied Kashmir

HONG KONG:&nbsp;Oil prices bounced higher on Thursday while Asian stocks mostly fell, as new US strikes on Iran marked the latest test of a shaky ceasefire in the Middle East war. The price jumps erased much of Wednesday&#39;s declines on the hopes of an imminent deal to end the conflict that has all but halted shipping through the crucial <a href="https://pakistantv.com/article/asia-stocks-oil-prices-mixed-on-usiran-deal-uncertainty" target="_blank" style="color:#0073e6;" rel="noopener noreferrer">Strait of Hormuz</a> for months. An American official said the military had shot down four Iranian drones and struck a control center in the southern city of Bandar Abbas. The official, speaking to AFP on condition of anonymity, described the latest actions as &quot;measured, purely defensive, and intended to maintain the ceasefire&quot;. Tehran&#39;s state media said Iranian forces had fired at four ships in the strait, while Kuwait said its air defenses were responding to missile and drone attacks. The developments came despite an Iranian official saying renewed hostilities with the United States were unlikely, and a threat from US President Donald Trump to &quot;finish the job&quot; if a peace deal was not reached.&nbsp;Mixed signals&nbsp;The mixed signals underscored the fragile state of talks aimed at ending the Middle East war, which has profoundly shaken <a href="https://pakistantv.com/article/oil-falls-asian-stocks-climb-on-hopes-of-usiran-hormuz-deal" target="_blank" style="color:#0073e6;" rel="noopener noreferrer">global energy markets</a>. Brent North Sea crude, the main international benchmark, rose by 1.8% in Thursday morning trade to $95.95 a barrel, while the main US contract, WTI, increased by 1.7% to $90.17. Stock markets across Asia were mostly down, with Hong Kong&#39;s Hang Seng index dipping more than 1.5%. Seoul was down nearly one percent, while Shanghai ticked 0.3% lower. Taipei&#39;s main index gained more than one percent, while Tokyo was flat at the midday break. The declines came after a strong day for global stocks on Wednesday, as investors, bullish on artificial intelligence, looked past the conflicting headlines on Iran. In Asia, South Korean chipmaker SK hynix hit a $1 trillion market capitalization, placing it alongside regional tech heavyweights Samsung Electronics and TSMC, as well as US chipmaker Micron. The tech surge has coincided with a persistent spike in energy prices, which has threatened several major Asian economies that rely on oil shipments from the Middle East. Economists warn that central banks may have to raise interest rates if inflation worsens as a result of the war, increasing borrowing costs and potentially weighing on economic growth. On Wednesday, &quot;every headline pulled the market in a different direction, leaving traders with the same conclusion they have been wrestling with for weeks&quot;, said Stephen Innes at SPI Asset Management. &quot;The Strait may eventually reopen fully, but until there is something more concrete than draft frameworks and political theatre, every barrel remains hostage to headline volatility, even if sub-$100,&quot; he said. <h2 style="line-height: 2;">Key figures at around 0230 GMT&nbsp;</h2>Brent North Sea Crude: UP 1.8% at $95.95 a barrel West Texas Intermediate: UP 1.7% at $90.17 a barrel Tokyo - Nikkei 225: FLAT at 64,980.63 points Hong Kong - Hang Seng Index: DOWN 1.5% at&nbsp;24,943.99 Shanghai - Composite: DOWN 0.3% at&nbsp;4,082.86 Euro/dollar: DOWN at $1.1614 from $1.1629 on Wednesday Pound/dollar: DOWN at $1.3405 from $1.3434 Dollar/yen: UP at 159.54 from 159.53 yen Euro/pound: UP at 86.64 from 86.59 pence New York - DOW: UP 0.4% at 50,644.28 (close) London - FTSE 100: UP 0.1% at 10,505.01 (close)

Business

The mixed signals underscored the fragile state of talks aimed at ending the Middle East war, which has profoundly shaken global energy markets.

Oil prices bounce higher after new US strikes on Iran   

Faraz Saeed

Pakistan TV Digital&#39;s Faraz Saeed marks Eid Al-Adha in Dushanbe, Tajikistan, offering prayers at the central mosque while covering the International Water Conference 2026.

Asia

Pakistan TV Digital's Faraz Saeed marks Eid Al-Adha in Dushanbe, Tajikistan, offering prayers at the central mosque while covering the International Water Conference 2026.


Eid Al-Adha in Dushanbe: Pakistan TV Digital's Faraz Saeed joins prayers at landmark central mosque

Muhammad Usman Amin

As Eid Al-Adha is celebrated across Pakistan, markets stocked up on everything from sacrificial knives and cleavers to barbecue skewers, grills, and charcoal.&nbsp; Peshawar&#39;s Reti Bazar emerged as a key hub for sacrificial tools and barbecue gear, with ironmongers and wholesalers moving 1&ndash;2 tons of skewers per shop daily to meet the national demand.

Shorts

Peshawar's Reti Bazar emerged as a key hub for sacrificial tools and barbecue gear, with ironmongers and wholesalers moving 1–2 tons of skewers per shop daily to meet the national demand.



Peshawar's Reti Bazar braces for Eid rush as demand for sacrificial tools, barbecue gear surges

Asfandyar Yahya

Eid ul-Adha goes back 4,000 years to Prophet Ibrahim&#39;s test of devotion.&nbsp; Today in Pakistan alone, over six million animals are sacrificed across three days, with 1.8 billion dollars changing hands and one-third of all meat distributed directly to those who cannot afford it.

Tell Me Why

Today in Pakistan alone, over six million animals are sacrificed across three days, with 1.8 billion dollars changing hands and one-third of all meat distributed directly to those who cannot afford it.



Tell Me Why: We celebrate Eid al-Adha

Web Desk/AFP

Americas

Middle East

The US military shot down four drones launched from Iran and struck a control center in the port city of Bandar Abbas; Iranian forces fire at four ships attempting to cross the Strait of Hormuz; Israel's military issues evacuation warning for residents of the city of Tyre in southern Lebanon.







US strikes Iran, drawing retaliatory attack on American base

Maryam Shah

ISLAMABAD: As Eid al-Adha approaches, millions of Muslims living in conflict zones and displacement camps continue to observe the festival despite circumstances shaped by war, hunger and displacement. In the besieged and bombarded territories of Palestine, famine-hit regions of Sudan, and camps scattered across Syria and Yemen, the rituals of Eid persist even where normal life has largely collapsed. According to the Elham Fund, Gaza resident Nahidh Abu Armaneh said his family woke up to the sound of Takbeer, wore their best clothes &ldquo;even if they weren&rsquo;t new,&rdquo; and gathered for Eid prayers. &ldquo;We started by greeting everyone we met, whether we knew them or not, because people especially need kindness and peace in these times,&rdquo; he said. &ldquo;After that, we visited relatives to extend our Eid wishes, ate sweets and drank coffee, though the coffee tasted as bitter as our lives.&rdquo; Nahidh and millions of others across conflict zones, displacement camps and war-damaged cities continue observing Eid al-Adha each year under conditions that would ordinarily make celebration unimaginable. In peaceful societies, Eid al-Adha is built around abundance and sharing.&nbsp; To commemorate Prophet Ibrahim&rsquo;s willingness to sacrifice his son in obedience to Allah, Muslims slaughter livestock animals and traditionally divide the meat into three portions: one for the household, one for relatives and neighbors, and one for the poor. The ritual centers on generosity flowing outward from the family to the wider community. But in war zones where many families have lost homes, livelihoods and livestock, the practice increasingly depends on humanitarian aid. According to Islamic Relief Worldwide, Sudan is facing the world&rsquo;s largest displacement crisis, with nearly 14 million people uprooted by conflict and famine conditions reported in parts of Darfur. The organization said Eid al-Adha meat distributions had become the only source of meat for many displaced families, with its Qurbani program reaching 3.2 million people across 29 countries in 2025. &ldquo;Eid al-Adha means everything to me,&rdquo; displaced Sudanese resident Halima said in a statement released by the organization, adding that she did not expect to eat meat this year. In Syria and Yemen, where wars have stretched on for more than a decade, Eid al-Adha has become an annual confrontation with memory and loss. According to Al Jazeera, Umm Ghadi, a displaced Syrian mother living in an Idlib camp, gathered with neighbors to prepare sweets for children ahead of Eid despite harsh camp conditions. &ldquo;At the camp, there is no joy for the Eid, but we need to make the children happy,&rdquo; she said. &ldquo;Eid al-Adha in the villages is nicer.&rdquo; In Yemen, Abdul-Raqeeb al-Samey traveled through front-line areas to return to his home village in Taiz after purchasing a traditional jambiya &mdash; a ceremonial dagger worn during Eid celebrations &mdash; in Sanaa, according to Al Jazeera. Meanwhile in Syria, former residents of the remote Rukban displacement camp returned home for Eid only to find destroyed houses and devastated neighborhoods. According to Al Jazeera, Yasmine al-Salah returned home during Eid al-Adha 2025 after spending nine years in the camp. &ldquo;Even though our house is destroyed, and we have no money, and we are hungry, still, it&rsquo;s a castle in my eyes,&rdquo; she said. Across these conflict zones, Eid functions not as denial of suffering but as an insistence that interrupted lives are not extinguished lives. What unfolds during Eid al-Adha in such places reflects something central to the story of Prophet Ibrahim: the ability to move through catastrophe while refusing to surrender hope entirely. This is not simple optimism. While optimism assumes improvement, people living through war often continue their traditions fully aware of destruction around them, choosing meaning despite devastation. For many trapped in conflict, the acts of washing, dressing, praying and sharing whatever food remains become assertions of dignity and humanity against conditions designed to strip both away. None of these moments erase the catastrophes surrounding them. Hunger, displacement and violence persist. Yet the prayers are still offered, sweets are still prepared and families still gather where they can. In places shaped by siege and loss, Eid al-Adha becomes more than a religious celebration.&nbsp; For many, it is also a quiet declaration that war has not succeeded in erasing faith, memory or the will to endure.

Across conflict zones and displacement camps, Muslims observe Eid al-Adha despite war and famine, turning sacrifice and shared traditions into acts of resilience, dignity and hope amid devastation and loss.


Muslims celebrate Eid al-Adha across war zones despite devastation and displacement

WASHINGTON: The International Monetary Fund&#39;s board on Wednesday approved two reviews of Sri Lanka&#39;s loan program, making $695 million in additional loans immediately available to the crisis-hit island nation. It is the latest tranche in the country&#39;s four-year $3 billion bailout, with the Fund warning of further risks due to the economic impact of the Iran war. Surging oil prices due to the war, launched by the United States and Israel on February 28, have heavily impacted many import-dependent Asian countries. &quot;Sri Lanka&#39;s strong implementation under the EFF arrangement has continued despite challenging circumstances,&quot; said Kenji Okamura, the IMF&#39;s Deputy Managing Director and Acting Chair. &quot;Gains from the economic reform program helped preserve economic resilience and provided room to respond to cyclone Ditwah and the Middle East war. The latter, however, has significantly worsened Sri Lanka&#39;s economic outlook and tilted risks to the downside.&quot; The IMF projects 2026 growth to slow to 3%, with higher oil prices increasing inflation and weighing on the current account balance. The board&#39;s approval was contingent on Sri Lanka adjusting certain energy market subsidies issued in the wake of the war. Wednesday&#39;s statement said the Sri Lankan authorities had met the Fund&#39;s requirements on fuel and electricity prices, meeting cost-recovery criteria. Criteria on ensuring no new external debts and on not imposing or intensifying import restrictions &quot;were not observed,&quot; however.

Sri Lanka

It is the latest tranche in the country's four-year $3 billion bailout, with the Fund warning of further risks due to the economic impact of the Iran war.


IMF approves $695M for crisis-hit Sri Lanka

KAMPALA, Uganda: Conflict in the Democratic Republic of Congo is complicating efforts to rein in a deadly Ebola outbreak, the World Health Organization chief warned Wednesday, while Uganda announced it was shutting its border. The WHO has recorded 10 confirmed and 223 suspected Ebola deaths in the DRC since the outbreak was declared in mid-May, out of more than 1,000 confirmed and suspected cases. Its chief fears insecurity in the eastern DRC, which has been plagued for three decades by conflict involving a litany of armed groups, is making it extremely difficult to contain the outbreak. &quot;Eastern DRC now faces a catastrophic collision of disease and conflict with the Ebola outbreak in Ituri province outpacing the response,&quot; the UN agency&#39;s head Tedros Adhanom Ghebreyesus said on X. No vaccine or treatment exists for the Bundibugyo strain of Ebola, which is behind the DRC&#39;s 17th recorded outbreak of the disease. State services in rural Ituri province, where it was first detected, have been largely absent for decades. In Rwampara, one of the epicentres of the outbreak, AFP saw a symptomatic woman being brought to hospital on a motorbike, squeezed between her sister and the driver. A health worker recorded a high fever and bleeding from her nose, a common symptom of Ebola, which causes a haemorrhagic fever. He rushed to spray chlorine on the bike and driver, who wore a surgical mask but little else to protect him against a virus that spreads through bodily fluids. With no ambulances available, &quot;people make do with motorbikes&quot;, the health worker, Dieudonne Sezabo, told AFP. The hospital has set up a temporary isolation centre but is still awaiting crucial equipment deliveries. Uganda shuts borderNeighbouring Uganda, which has recorded one death confirmed to be from Ebola and six additional cases, announced it was shutting its border with the DRC with immediate effect. It also said it was imposing a 21-day quarantine on anyone arriving from the DRC, under the supervision of the Ministry of Health and district surveillance teams. The WHO said the case fatality rate was under 25 percent -- much lower than in other recent outbreaks. But experts suspect the virus was circulating under the radar for some time and the true extent of the health crisis has yet to be seen. The WHO chief lamented that clashes were &quot;driving mass displacement, pushing exposed contacts into overcrowded camps and severing critical containment corridors&quot;. &quot;Frontline workers are risking everything, while attacks on health facilities make tracking cases and their contacts nearly impossible,&quot; Tedros warned. &quot;We cannot build community trust or isolate the sick while bombs are falling,&quot; Tedros said, urging &quot;all warring parties to agree to an immediate ceasefire to contain this outbreak&quot;. The United States plans to open a quarantine centre in Kenya, the Wall Street Journal reported on Tuesday, primarily intended for Americans who need to leave the DRC quickly and quarantine. Kenya said it had screened some 55,000 people crossing the border from Uganda and had yet to confirm an Ebola case.

Response team members are helped to wear protective suits before burying a person suspected of having died from Ebola in Bunia, in the eastern Democratic Republic of the Congo, on May 25, 2026. (AFP)

Africa

The World Health Organization chief warns that conflict in the Democratic Republic of Congo is complicating efforts to rein in a deadly Ebola outbreak, while Uganda shuts its border.

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