Business
Effective September 10, the federal government raised the retail price of gasoline by Rs3.40 and diesel by Rs6.72 per litre. The increase adds pressure to households and businesses already grappling with soaring inflation and a weak currency.
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Khawaja Asif of the Pakistan Muslim League (N) warned that transferring powers to sub‑national units cannot be avoided and accused the ruling Pakistan Peoples Party of a contradictory policy on creating new provinces. The dispute emerges as lawmakers debate constitutional reforms that would require a two‑thirds majority to redraw provincial boundaries.
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Prime Minister Shehbaz Sharif announced that any civil servant found negligent in the Punjab Institute of Mental Health fire will face strict disciplinary action. He also ordered immediate safety upgrades and broader health‑sector reforms.
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Pakistan, Saudi Arabia and Turkey have formalised a trilateral defence agreement, creating a secretariat in Riyadh to coordinate joint security initiatives. The pact, led by Pakistan, seeks deeper military cooperation among the three Muslim nations and opens the door for additional members.
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India has announced a suspension of the 1960 Indus Waters Treaty, prompting Pakistan to appeal to the international community for intervention. Islamabad warns that the move could turn trans‑boundary rivers into a weapon and threaten water security for millions.
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Pakistan, Saudi Arabia and Turkey have signed a trilateral defence agreement in Mecca, described by Islamabad as purely defensive. The pact has drawn mixed reactions across the region, prompting concerns in Israel and strategic calculations in India and Iran.
Business
Pakistan's petroleum minister indicated that domestic fuel prices may ease after key crude shipments cleared the Bab al‑Mandeb strait. The announcement follows a broader slowdown in Red Sea shipping after Houthi attacks and a recent agreement with the Oil Tanker Association to safeguard supply.