Category: Latest News

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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ISLAMABAD: The Petroleum Division has proposed a Rs75 billion Fuel Relief Scheme for three months to provide targeted relief of Rs100 per litre to around 11.8 million users of motorcycles, three-wheelers and cars up to 800cc amid a sharp rise in petroleum prices triggered by the Gulf crisis. According to a summary submitted to the Economic Coordination Committee (ECC) of the Cabinet, the proposed scheme would provide monthly relief of up to Rs2,000 for two- and three-wheeler users and Rs3,000 for users of cars up to 800cc. Under the proposed…

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