Day: September 18, 2026

Yemen’s anti-Houthi forces launch inquest into sudden military collapse

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Iran fires missiles at Israel

A bitter inquest is under way among Yemen’s anti-Houthi forces as to how what was being billed as a decisive assault on Sana’a, the Houthi-controlled capital, suddenly collapsed into a military rout. More than 15 brigades were defeated as the country’s entire west coast fell into Houthi hands. Efforts are now being made to reorganise the anti-Houthi forces representing the UN-recognised Yemeni government in order to capture the Kahbob mountains, a strategic point from which to restrict Houthi forces moving closer to the crucial Bab al-Mandab strait. Some Yemeni politicians…

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Petrol price cut by Rs1.65, diesel by Re0.88 per litre

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New-Petrol-1

The government on Friday reduced the price of petrol by Rs1.65 per litre and high-speed diesel (HSD) by Re0.88 per litre. Following the revision, petrol will now cost Rs389.14 per litre, while high-speed diesel (HSD) will be sold at Rs424.04 per litre. The new fuel prices, notified by the Petroleum Division, will remain in effect until September 21. Under the revised framework, approved by the federal cabinet, Ogra will publish updated fuel prices on its website daily to improve transparency and allow consumers to benefit more quickly from changes in…

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Ningbo Green Light Energy set to be Pakistan’s first listing via SPAC: report

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Solar-Project

Renewable energy company Ningbo Green Light Energy is set to become the first company in Pakistan to go public through a blank-check vehicle, with its backdoor listing expected to be completed within weeks, its chief executive told Bloomberg. According to the report, the company, which imports solar equipment for renewable energy projects, is awaiting court approval for a reverse takeover of LSE SPAC-I Ltd., Chief Executive Officer Qasim Ningbo said. LSE SPAC-I, a subsidiary of LSE Capital Ltd., raised Rs250 million in May through an initial public offering and used…

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Byco Delivers PM’s Fuel Relief at Speed

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Byco, the retail fuel brand of Cnergyico Pk Limited, has swiftly implemented the Prime Minister’s Fuel Relief Scheme on a vast majority of its nationwide retail network — within a day of the programme’s launch, with additional outlets going live daily. The Government-funded scheme provides eligible owners of motorcycles, three-wheelers and cars of up to 800cc engine capacity with a relief of Rs100 per litre of petrol, subject to the scheme’s terms and conditions. Commuters in cities, towns and highways across Pakistan are already availing the subsidy at participating Byco…

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