Author: Admin

ISLAMABAD: The government has explained the procedure for availing a Rs100 per litre petrol subsidy under its fuel relief scheme. Addressing a press conference in Islamabad alongside Federal Ministers Atta Tarar and Ali Pervez Malik, Minister for IT Shaza Fatima said the scheme would provide relief to owners of two-wheelers, three-wheelers and vehicles with engine capacity of up to 800cc. Shaza Fatima said owners of two- and three-wheelers would be eligible for relief on 20 litres of petrol, while owners of vehicles up to 800cc would receive the subsidy on…

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KARACHI: Illegal cutting of mangroves and land reclamation at Karachi’s Korangi Creek has raised serious environmental concerns, with encroachers allegedly clearing mangrove areas to reclaim land near the Mangrove Biodiversity Park. While mangroves are routinely cut illegally for firewood, the latest activity involves uprooting mangroves and constructing earthen bunds to restrict tidal water from reaching the trees, according to observations at the site. The Sindh Forest Department (SFD) has confirmed that the activity is taking place on land under its jurisdiction. However, officials said efforts to intervene had been complicated…

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LONDON: Saudi Arabia could run out of oil stocks available for export within days if it fails to restore operations on its major East-West pipeline to the Red Sea, potentially removing up to 4% of global oil supply from the market, according to Saudi oil buyers and traders. A prolonged disruption would further tighten global oil supplies, which have already pushed fuel prices to record levels, intensified inflationary pressures and driven US bond yields to their highest levels since the 2008 financial crisis. Drone attacks forced Saudi Arabia to shut…

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ISLAMABAD: The federal government has launched a Special Relief Scheme on the directives of Prime Minister Shehbaz Sharif to provide targeted relief to users of motorcycles, rickshaws, Chingchis and vehicles up to 800cc amid a sharp increase in fuel prices. Under the scheme, eligible users will receive Rs100 per litre relief on petrol. According to an official statement issued on Sunday, users of two- and three-wheelers, including motorcycles, rickshaws and Chingchis, will be eligible for relief on up to 20 litres of petrol per month, providing maximum monthly relief of…

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ISLAMABAD: Pakistan LNG Limited (PLL) has once again warned K-Electric (KE) that it may exercise its contractual rights, including cessation of RLNG supplies, if the power utility fails to immediately clear its outstanding dues of Rs8.7 billion. In a letter dated September 8, 2026, addressed to KE’s Chief Financial Officer, PLL said the outstanding amount comprised Rs8.5 billion in principal and Rs200 million in late payment surcharge (LPS). The warning comes amid an ongoing dispute between PLL and KE over the application of a proposed weighted-average or pooled RLNG pricing…

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