Day: August 12, 2026

Dubai Crude Jumps 10%, Putting Pakistan’s Fuel Pricing Mechanism to Test

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petrol-prices-1200.psd

# Dubai Crude Jumps 10%, Putting Pakistan’s Fuel Pricing Mechanism to Test **ISLAMABAD:** Dubai crude, a key benchmark for Asian markets including Pakistan, surged by **$8.20 per barrel, or 10.2%, to $88.99 per barrel** on Tuesday, raising concerns over the potential impact on Pakistan’s petroleum import costs and domestic fuel prices. The sharp increase has come alongside rising international prices of **gasoline and gasoil**, while freight rates and import premiums have also climbed, creating additional pressure on the landed cost of petroleum products. Industry sources said that if the current…

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Sherry Rehman Questions Need for Pakistan Climate Change Authority

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Sherry-Rehman

# Sherry Rehman Questions Need for Pakistan Climate Change Authority **ISLAMABAD:** Senate Standing Committee on Climate Change Chairperson **Senator Sherry Rehman** has questioned the institutional need for the **Pakistan Climate Change Authority (PCCA)**, arguing that its mandate substantially overlaps with that of the Ministry of Climate Change and Environmental Coordination. During a detailed briefing on the PCCA, the committee expressed concerns over institutional duplication, particularly at a time when the ministry is facing constrained and declining budgetary resources. Senator Rehman noted that the ministry’s **PSDP allocation had fallen to Rs2.478…

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NAB to Take Over Investigation into Sitara Energy Case

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New-NAB

# NAB to Take Over Investigation into Sitara Energy Case **KARACHI:** A significant development has emerged in the investigation against **Sitara Energy** in Faisalabad, with the **National Accountability Bureau (NAB)** set to take over the inquiry involving the company. According to sources, the **NAB Chairman** has written to the Director General of the **Federal Investigation Agency (FIA)**, acknowledging the FIA’s ongoing investigation but stating that, given the financial magnitude of the matter, the case will now be investigated by NAB. The letter reportedly directed the FIA to transfer all relevant…

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Iran War Drives Surge in Demand for Electric Motorcycles in Pakistan

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Electric-Motorcycles

# Iran War Drives Surge in Demand for Electric Motorcycles in Pakistan **KARACHI:** The ongoing Iran war has reportedly triggered an unusual increase in demand for **electric motorcycles in Pakistan**, as rising fuel prices encourage consumers to shift towards more economical transportation options. Around **84 companies** are currently manufacturing or selling electric motorcycles in Pakistan, while new players continue to enter the rapidly expanding market. Industry sources say the increase in fuel prices has significantly boosted consumer interest in electric bikes, which offer lower running and maintenance costs compared with…

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Air Defense Systems Deployed at Trump’s New Jersey Golf Club Amid Iranian Missile Threat

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New-Project295

# Air Defense Systems Deployed at Trump’s New Jersey Golf Club Amid Iranian Missile Threat **WASHINGTON:** Air defense systems have reportedly been deployed at US President **Donald Trump’s golf club in Bedminster, New Jersey**, amid concerns over potential Iranian drone and missile attacks, according to a US defense news website. According to **The War Zone**, videos and photographs taken during Trump’s visit to the golf club showed air defense equipment positioned at the property while the US president was playing golf. The footage was reportedly captured on Sunday, when Trump…

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