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The government raises the price of petrol by Rs. 3.34 and diesel by Rs. 5.27 per litre.
The federal government has increased petrol and high-speed diesel (HSD) prices, raising the rates by Rs3.34 and Rs5.27 per litre, respectively, under the new daily fuel pricing mechanism.
Following the latest revision, petrol will now cost Rs334.54 per litre, while HSD has been set at Rs395.69 per litre. The revised prices will remain effective for August 19, according to an official notification.
The government has also increased the price of kerosene oil by Rs4.22 per litre, taking it to Rs300.85 per litre.
The Oil and Gas Regulatory Authority (Ogra) has started publishing petroleum prices on a daily basis as part of efforts to improve transparency and ensure that changes in international oil prices are passed on to consumers more quickly.
Petroleum Minister Ali Pervaiz Malik said the daily prices are calculated using a seven-day average of international market prices, in line with international practices.
The move comes amid continued volatility in global oil markets following renewed tensions in the Middle East. The government shifted from fortnightly to weekly fuel price reviews after the conflict in the region began on February 28, when Israel and the United States launched attacks on Iran, prompting Tehran to shut the Strait of Hormuz, a key route for around one-fifth of global energy supplies before the war.
Tensions have intensified since a fragile truce between Tehran and Washington collapsed in June, raising concerns over a wider conflict and potential disruptions to energy supplies through the strategic waterway.
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Pakistan to assume CAREC chairmanship in 2027, host 26th Ministerial Conference
Federal Minister for Planning, Development and Special Initiatives Ahsan Iqbal claimed that Pakistan would assume the presidency of the Central Asia Regional Economic Cooperation (CAREC) Program in 2027 and host the 26th CAREC Ministerial Conference,
Speaking at the 25th CAREC Ministerial Conference in Ulaanbaatar, Mongolia, Iqbal urged for CAREC transport routes to be turned into next-generation economic corridors by integrating infrastructure, logistics, digital connection, energy cooperation and climate resilience.
The 25th ministerial conference is taking place in Ulaanbaatar from September 29 to October 2.
“CAREC Corridors 5 and 6 offer Pakistan an opportunity to link Central Asian markets to the Arabian Sea and boost more economic activity along the routes,” Iqbal remarked.
“Rather than just allowing trucks to go through the corridors, the emphasis should be on allowing businesses to use the corridors reliably, competitively and profitably,” he said.
This will entail upgrading the CAREC highways, modernizing border facilities at Torkham and Chaman, enhancing rail freight capacity with the proposed ML-1 expansion and improving the connectivity with dry ports and seaports, added the minister.
Iqbal highlighted the need for a digital corridor across the CAREC region and said Pakistan’s Single Window system could be a basis for incremental digital integration with regional partners.
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Four people including a child rescued from chairlift in Kalam
Shau district of Kalam in Upper Swat: Four persons including two ladies and a child were successfully rescued from a chairlift, Rescue 1122 and other relevant department teams reached the area with rescue equipment as soon as they got the report and concluded the rescue operation.
Residents also joined the rescue operation, with heavy machinery from the Upper Swat Development Authority, cranes, police and the district government participating.
Assistant Commissioner Kalam was the supervisor of the rescue operation.
Earlier in December 2025, four persons including a mother and a child were stranded in a chairlift (doli) in the Bahrain area of Swat River.
“The family was crossing the river when the chairlift suddenly stopped in the middle of the stream due to a technical fault,” a representative of Rescue 1122 said.
Rescue teams arrived and evacuated all four people safely.
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Saudi Cabinet reviews progress on Makkah defence agreement with Pakistan, Türkiye
Under the chairmanship of Crown Prince Mohammed bin Salman, Saudi Arabia’s Cabinet evaluated the progress made in establishing the secretariat of the Makkah Joint Defense Agreement. Riyadh, Islamabad and Ankara are continuing their efforts to bolster defense cooperation. The Cabinet also reviewed developments in defense cooperation between Saudi Arabia, Pakistan and Turkey, as well as regional and international security issues.
The three countries signed the Makkah Joint Defense Agreement in August, pledging to work more closely together on collective security and defense. The pact specifies that an armed attack against any of the three is to be treated as an attack against all three.
The latest Cabinet discussions followed a meeting on Friday in Riyadh of the defense chiefs and chiefs of general staff of Saudi Arabia, Pakistan and Türkiye.
The military commanders examined dangers facing Saudi Arabia and discussed measures to enhance intelligence sharing, military coordination, and integration of defense capabilities.
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