Category: Latest News

Fuel Relief Scheme to Cost Rs25–30 Billion Monthly: Pervaiz Malik

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ISLAMABAD: Petroleum Minister Ali Pervaiz Malik has estimated that the government’s fuel relief scheme will cost between Rs25 billion and Rs30 billion per month, with the total expenditure potentially reaching around Rs300 billion if the programme continues for 10 months. Speaking at a press conference alongside Federal Ministers Attaullah Tarar and Shaza Fatima Khawaja, Malik said Prime Minister Shehbaz Sharif had directed the government to mobilise additional resources to sustain the relief programme. Prime Minister Shehbaz Sharif launched the scheme on Sunday, announcing a Rs100-per-litre discount on petrol for motorcyclists,…

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Houthis target Saudi base as Iran denies involvement in Yemen war

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Yemen’s Houthi armed forces patrol as Yemeni prisoners loyal to the Houthi authorities arrive in the capital Sanaa on September 12, 2026, after being released on the west coast where he and others were being held by Yemen’s Saudi-backed government forces. Some 210 prisoners were released following a week-long offensive, in which the Iran-backed Houthis on September 11, 2026, captured Yemen’s Red Sea coast from the internationally recognised government, cementing their hold on the Bab al-Mandab Strait, a vital artery for Saudi Arabian oil exports as the Strait of Hormuz…

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New provinces debate may take eight months, says PM’s aide

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LAHORE: Prime Minis­ter’s Adviser on Political Affairs Rana Sanaullah Khan has said any move to create new provinces is still at an early stage and may take six to eight months to go through parliament and its committees, making it clear that his party PML-N has not initiated the project. Speaking at a meeting with journalists here on Sunday, he said that if a proposal for new provinces was formally brought before parliament, every political party and member would have an opportunity to express an opinion. He said the matter…

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Govt raises petrol price by Rs4.42, diesel by Rs6.10

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The government further increased the price of petrol by Rs4.42 per litre and high-speed diesel (HSD) by Rs6.10 per litre, effective from Tuesday, September 15, 2026, marking the sixth consecutive hike in petroleum prices. According to a notification issued by the Ministry of Energy (Petroleum Division), the Oil and Gas Regulatory Authority (OGRA) on Monday revised the ex-depot prices of petroleum products under the government’s petroleum pricing mechanism. The price of Motor Spirit (petrol) was raised by Rs4.42 per litre, taking it from Rs375.82 to Rs380.24 per litre. HSD saw…

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No Breathing Space for Industry: FPCCI Denounces SBP for Holding Policy Rate at 11.5%

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Atif Ikram Sheikh warns contractionary policy is killing exports, SMEs and industrial revival amid 18.1% jump in trade deficit Karachi, September 14, 2026 – Mr. Atif Ikram Sheikh, President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), has expressed strong disappointment over the State Bank of Pakistan’s decision to maintain the status quo and keep the key policy rate unchanged at 11.5%. Terming the decision “highly contractionary and counterproductive”, the apex trade body warned that holding the benchmark interest rate at an oppressive level will continue to…

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