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Taxpayers get more Time as FBR pushes Deadline to October 31

15 October 2026 at 19:33

ISLAMABAD – Relief for taxpayers as Federal Board of Revenue (FBR) extended deadline for filing income tax returns for Tax Year 2026 to October 31, giving individuals, businesses and companies another opportunity to complete their tax obligations.

The latest extension comes after persistent demands from trade bodies and tax bar associations, which had urged the tax authority to allow more time for filing returns. The deadline was originally set for September 30 before the FBR moved it to October 15. With the latest decision, taxpayers now have until the end of October to submit their returns.

According to the FBR’s latest circular, the extension has been granted under Section 214A of the Income Tax Ordinance, 2001, and applies to taxpayers whose original filing deadline was September 30, 2026.

The repeated extensions show pressure surrounding this year’s tax filing process, with business representatives calling for greater flexibility to help taxpayers meet their legal requirements.

Trade organizations and tax bar associations had raised concerns about difficulties in completing returns within the prescribed timeframe. Earlier, tax professionals had also pointed to delays in the availability of return forms and technical problems with the FBR’s IRIS online filing system as obstacles to timely compliance.

The FBR said its latest decision followed requests from various trade bodies and tax bar associations.

 

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Petrol Price Cut by Rs3.63 to Rs390.23, Diesel Increased to Rs396.96

15 October 2026 at 19:11

ISLAMABAD – The federal government reduced petrol prices by Rs3.63 per litre while increasing the price of high-speed diesel (HSD) by Rs0.31, offering motorists some relief but raising costs for diesel users.

Under revised rates effective Friday, October 16, 2026, petrol will cost Rs390.23 per litre, down from Rs393.86, while high-speed diesel will be priced at Rs396.96 per litre, compared with the previous rate of Rs396.65.

Petroleum Division announced the latest revision following a review by the Oil and Gas Regulatory Authority (OGRA) under the government’s petroleum pricing mechanism. The adjustment reflects movements in international market indicators, including Platts rates, premiums and other associated costs.

Earlier in the day, Brent crude futures fell by $1.15, or 1.1%, to $104.91 per barrel by 1157 GMT. In contrast, US West Texas Intermediate (WTI) crude futures rose by 31 cents, or 0.3%, to $95.40 per barrel, supported by expectations of a substantial decline in weekly US oil inventories.

High-speed diesel is widely used in freight transportation, agriculture and commercial operations. Higher diesel costs can increase transport and production expenses, potentially putting additional pressure on the prices of essential commodities and other goods.

 

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PERA Force, Suthra Punjab Jobs October 2026: Apply Online

15 October 2026 at 17:27

LAHORE – Punjab Enforcement and Regulatory Authority (PERA) and Suthra Punjab Agency announced hundreds of vacancies in Punjab for October 2026. The recruitment drives offer employment opportunities for professionals, technical experts, administrative staff and sanitary workers in Lahore, Faisalabad and other districts of the province.

PERA is hiring for 110 professional positions in areas such as internal affairs, human resources, information technology, data analysis and auditing while Suthra Punjab Agency Faisalabad has announced 524 vacancies for sanitary workers under the provincial government’s cleanliness initiative.

The two organisations have introduced different application procedures and deadlines. Candidates applying for PERA positions must submit their applications online by October 29, 2026, while eligible applicants for Suthra Punjab sanitary worker jobs must attend walk-in interviews on October 28, 2026.

PERA and Suthra Punjab Jobs 2026

Suthra Punjab Agency Faisalabad has announced 524 positions for sanitary workers as part of the Punjab government’s cleanliness programme. The vacancies are being offered on a daily-wage basis to candidates who meet the basic eligibility requirements.

Applicants must be able to read and write and should have relevant work experience. The recruitment advertisement does not specify a formal degree or compulsory educational certificate for these positions.

Candidates must also be physically fit and capable of performing the duties associated with sanitary work. The maximum age limit is 45 years as of the application date.

Suthra Punjab Jobs: Eligibility and Interview Details

Job Information Details
Position Sanitary Worker
Number of Vacancies 524
Education Ability to read and write
Experience Relevant work experience
Maximum Age 45 years
Employment Basis Daily wages
Interview Date October 28, 2026
Interview Time 10:00 AM to 4:00 PM
Interview Venue Suthra Punjab Agency Complex, University Road, near the DC Office, Faisalabad

How to Apply for Suthra Punjab Jobs

Interested candidates must appear in person for the walk-in interviews scheduled for October 28, 2026. No separate online application process has been announced for these vacancies.

Applicants should bring the following documents:

  • Original Computerised National Identity Card (CNIC)
  • Photocopy of the CNIC
  • Handwritten application
  • Two recent passport-sized photographs

Candidates must report to the designated interview venue in Faisalabad between 10:00 AM and 4:00 PM. The agency will not provide travel or daily allowances to individuals attending the recruitment process.

PERA Jobs 2026 Positions

Punjab Enforcement and Regulatory Authority has announced 110 vacancies for qualified and experienced candidates across Punjab. The recruitment includes management, technical, auditing and internal affairs positions.

According to the recruitment announcement, 10 vacancies are available at PERA’s Directorate General in Lahore, while the remaining 100 positions are allocated to District Enforcement and Regulatory Board (DERB) secretariats in different districts.

The advertised posts cover several professional fields, including human resources, artificial intelligence, machine learning, full-stack development, systems analysis, data analytics, auditing and internal affairs.

Position Pay Scale Vacancies
Head (Internal Affairs) SPPP-2 1
Manager (Internal Affairs) SPPP-3 1
Team Lead (AI and Machine Learning) SPPP-3 1
Team Lead (Full Stack) SPPP-3 1
Deputy Manager (HR) SPPP-4 1
System Analyst SPPP-4 1
Data Analyst SPPP-4 1
Assistant Manager (Audit) SPPP-5 1
Assistant Manager (Internal Affairs – Headquarters) SPPP-5 1
System Support Officer SPPP-5 1
Deputy Manager (Internal Affairs – District Offices) SPPP-4 38
Assistant Manager (Internal Affairs – District Offices) SPPP-5 62
Total 110

Candidates must meet the educational qualifications, professional experience requirements and other conditions specified for their chosen positions. The main recruitment announcement does not provide complete details about the required degrees, experience levels or age limits for each post. Applicants should consult the detailed job descriptions on PERA’s official website to verify their eligibility.

Candidates applying for specialised technical positions should carefully review the requirements for artificial intelligence, machine learning, full-stack development, data analysis and systems support. Applicants for internal affairs, human resources and auditing roles should also check the relevant professional requirements.

PERA will appoint successful candidates on an initial three-year contractual basis under its Special PERA Pay Package (SPPP). The advertised positions fall under pay scales SPPP-2 to SPPP-5, with salary terms negotiable according to the position and applicable employment conditions. The recruitment announcement does not specify fixed monthly salary amounts.

Contracts may be extended depending on satisfactory performance and organisational requirements.

Applicants interested in PERA vacancies must submit their applications through the official Punjab Job Portal. The authority has stated that applications submitted through other methods will not be accepted.

The last date to apply for PERA jobs is October 29, 2026. Incomplete applications and submissions that do not meet the advertised requirements will not be considered.

 

The post PERA Force, Suthra Punjab Jobs October 2026: Apply Online appeared first on Daily Pakistan English News.

Over 100 Afghan Nationals Arrested in Balochistan during illegal Migration bid

15 October 2026 at 16:32

QUETTA – Authorities in Balochistan detained 104 Afghan nationals during operations in Dasht and Turbat, foiling an alleged attempt to travel illegally to Iran and Europe, security sources said.

The arrests come amid intensified security operations across the province, where authorities are also pursuing counterterrorism efforts in several districts.

According to security sources, the Afghan nationals were apprehended while allegedly attempting to leave the country through illegal routes. However, further details about their identities, the suspected human-smuggling network and subsequent legal proceedings were not immediately available.

Security forces killed seven terrorists during intelligence-based operations in Washuk and Mastung districts, according to the Inter-Services Public Relations (ISPR) and security sources.

ISPR said five terrorists belonging to the group Fitna al-Hindustan were killed during an operation in Washuk on the night of October 12–13. The terrorists’ hideout was destroyed, while weapons, ammunition and explosives were recovered from the site, the military’s media wing said. A clearance operation was underway to search for any additional terrorists in the area.

Separately, security sources said two terrorists were killed near Paringabad in Mastung under Operation Radd-ul-Fitna 3 after reports of terrorist movement in the area.

ISPR said counterterrorism operations would continue under Azm-e-Istehkam to combat terrorism allegedly backed by foreign elements. Security sources also reaffirmed their commitment to tackling terrorism and preventing human smuggling in Balochistan.

The post Over 100 Afghan Nationals Arrested in Balochistan during illegal Migration bid appeared first on Daily Pakistan English News.

Pakistan tightens net on Fake Drugs with Mandatory 2D Barcodes

15 October 2026 at 13:58

ISLAMABAD – Pakistani authorities have taken a major step toward tightening control over the country’s pharmaceutical market, with Drug Regulatory Authority of Pakistan (DRAP) making unique 2D Data Matrix barcodes and serial numbers mandatory for registered medicines manufactured locally or imported from October 9, 2026.

The move marks first phase of the country’s Pharmaceutical Track and Trace System, a regulatory initiative aimed at curbing counterfeit, falsified, spurious and unregistered medicines while strengthening oversight of the supply chain.

Under new requirements, pharmaceutical products falling within the scope of the regulations must carry unique identification codes containing key information about the product, its batch, expiry date and individual serial number. The system is expected to make medicines easier to trace and help authorities respond more effectively when safety concerns or suspected counterfeiting emerge.

The requirement applies to local manufacturers, multinational pharmaceutical companies and importers, covering registered medicines for human and veterinary use, including products intended for poultry.

The implementation came under review at a meeting chaired by Federal Health Minister Syed Mustafa Kamal on or around October 15, 2026, attended by the chief executives of DRAP and the National Information Technology Board (NITB). During the meeting, the DRAP chief briefed participants on the barcode and serialization arrangements. Kamal said the Ministry of Health had been working on the initiative for approximately 18 months, reaffirming the government’s commitment to eliminating counterfeit medicines from the market.

The minister also underscored the requirements for local and multinational manufacturers and highlighted restrictions on the sale of imported medicines that do not carry the prescribed codes. He further confirmed that the system extends beyond human medicines to veterinary and poultry products.

The expanded scope reflects the authorities’ approach to pharmaceutical safety as an issue that reaches beyond conventional healthcare, given the potential public-health implications of medicines used in animals.

By linking these details to individual packs, the system is intended to improve the traceability of medicines as they move through the pharmaceutical supply chain.

The information could assist regulators in investigating suspicious products, locating affected batches and coordinating recalls when medicines are found to be defective or unsafe. Companies that fail to comply with the applicable requirements may face legal action. However, serialization is not an absolute guarantee of authenticity. Counterfeiters could potentially copy legitimate codes, making effective verification, regulatory inspections and enforcement essential to the system’s success.

Despite the new mandate, consumers and retailers should not assume that every medicine without a 2D barcode is counterfeit. Products manufactured or imported before October 9, 2026, are exempt from the new coding requirement and may continue to be distributed and sold legally, subject to other applicable regulations.

This means pharmacies and medical stores may continue to stock older packaging while newly coded products gradually enter the market. The transition is expected to take place as existing inventories are sold and replaced. For consumers, the date of manufacture or import and the regulatory status of the product are therefore important considerations when assessing packaging that lacks the new identification code.

The initiative is also expected to introduce a digital verification facility through which consumers, pharmacists and medical store operators can check medicine details using a mobile application. According to ministerial statements and media reports, the proposed service is intended to help users verify product authenticity and access information such as price and expiry date.

However, details of the public-facing application have appeared more prominently in ministerial announcements and secondary reporting than in DRAP’s formal circulars, which primarily focus on manufacturers’ and importers’ obligations. The availability, precise functions and operating arrangements of the consumer application should therefore be confirmed through official announcements.

 

The post Pakistan tightens net on Fake Drugs with Mandatory 2D Barcodes appeared first on Daily Pakistan English News.

Tech Giants face AI Reality Check as Borrowing Costs, Credit Risks spike

15 October 2026 at 13:36

Growing anxiety over financial sustainability of AI boom is sending shockwaves through credit markets, with the cost of protecting against potential debt defaults by major US technology companies surging and investors increasingly questioning whether the sector’s multibillion-dollar infrastructure investments will deliver the promised returns.

Credit Default Swap (CDS) costs climbed sharply for several tech companies, showing mounting concerns about debt exposure, borrowing costs and the profitability of the enormous investments being poured into AI infrastructure.

The warning signs are emerging despite AI-related stocks having recorded substantial gains in global markets this year. Over recent weeks, however, several companies have suffered notable share-price declines as investors reassess valuations amid inflationary pressures and rising interest rates.

CoreWeave raised alarm as CDS protection costs surged beyond 1,000 basis points, according to S&P Global Market Intelligence data cited in the report. The level is being interpreted as implying an approximately 63% probability of default over five years, compared with around 30% a year earlier.

The dramatic increase shows credit-market concerns surrounding highly leveraged businesses at the heart of the AI infrastructure boom. However, the implied probability is a market-based estimate, not a confirmed forecast that CoreWeave will default. CoreWeave is not the only company attracting greater scrutiny from credit-market investors.

iPhone 18 to carry ‘Higher Price Tag’ as Apple’s Costs jump amid AI Boom

CDS protection costs for Oracle have climbed to approximately 300 basis points, while Nvidia’s have risen to around 90 basis points in recent weeks. Meta’s CDS costs have reached approximately 104 basis points. By comparison, CDS index tracking investment-grade debt stands at around 60 basis points.

The gap shows how credit investors are assigning different levels of risk to individual companies compared with the broader investment-grade market. The trend also extends to major technology names, including Apple, Amazon and Microsoft, as demand for protection against potential debt defaults has increased across the sector. The report indicates that the pressure has been even more pronounced among certain heavily indebted competitors, suppliers and customers.

Rising CDS costs do not mean that these companies are on the verge of bankruptcy. They indicate that investors are demanding more money to insure against potential credit losses. The developments are unfolding against the backdrop of a vast global credit market.

International Swaps and Derivatives Association (ISDA) puts the market for CDS contracts linked to individual companies and debt issuers at approximately $9 trillion. Meanwhile, figures from the Bank for International Settlements indicate that the global bond market contains more than $150 trillion in debt securities.

Data from Depository Trust & Clearing Corporation show that average daily trading volume in the CDS market reached $16 billion in the second quarter, up from $13 billion a year earlier.

A credit default swap is a financial contract that provides protection against specified credit events, such as a borrower failing to meet its debt obligations. Investors use CDS contracts to hedge potential losses on bonds or to take positions based on their assessment of credit risk. The contracts are priced in basis points. At a CDS rate of 100 basis points, protection on $100 of debt costs approximately $1 annually.

As perceived default risk rises, investors typically demand higher premiums for providing protection, pushing CDS costs upward. Higher protection costs can also signal broader market concerns. Investors may sell the underlying bonds, potentially driving up borrowing costs for the companies involved and placing further pressure on their finances.

However, payouts depend on the terms of the contracts and whether a qualifying credit event occurs.

 

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Harimau Markhor-IV concludes with renewed focus on Pakistan-Malaysia Military Ties

15 October 2026 at 13:19

PABBI – Pakistan and Malaysia successfully concluded their joint counterterrorism exercise, Harimau Markhore-IV, at the National Counter Terrorism Centre (NCTC) in Pabbi, reaffirming their commitment to strengthening bilateral military cooperation and enhancing counterterrorism capabilities.

According to the Inter-Services Public Relations (ISPR), the exercise provided troops from both countries with an opportunity to share operational experience, sharpen combat drills and exchange best practices in counterterrorism operations.

The joint training initiative underscored the importance of professional military engagement, operational coordination and the exchange of expertise in addressing evolving security challenges.

The successful conclusion of Harimau Markhore-IV reflects the longstanding defence ties between Pakistan and Malaysia and highlights their continued efforts to strengthen military-to-military cooperation through joint training and professional collaboration.

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Naqvi slams Sohail Afridi of refusing to back Pak Army’s Anti-Terror Operations

15 October 2026 at 12:32

ISLAMABAD – Interior Minister Mohsin Naqvi called out Khyber Pakhtunkhwa Chief Minister Sohail Afridi, saying he repeatedly refused to politically support operations against terrorists, saying he could not afford such a move politically.

Addressing a joint session of Parliament, Naqvi claimed that the federal government had made repeated efforts to secure the KP government’s cooperation in counterterrorism operations but failed to persuade the provincial leadership to take ownership of the fight.

“We wanted this to be Khyber Pakhtunkhwa’s fight. We simply wanted you to lead it, but the provincial government was not ready to take the lead,” Naqvi said, alleging that the provincial leadership had also failed to publicly condemn terrorism.

Naqvi claimed that Sohail Afridi had repeatedly expressed reluctance to support counterterrorism operations for political reasons. The interior minister said he had personally met Afridi several times and had agreed with him on strengthening police forces in five districts so they could take action against militants.

“I personally settled this matter with Sohail Afridi,” Naqvi said, adding that questions remained about who was influencing the chief minister after their meetings. Naqvi further claimed that the federal government had been trying since August, September or even earlier to secure the provincial government’s cooperation against terrorism, but the efforts had not produced the desired results.

Addressing speculation surrounding governor’s rule and the possible imposition of an emergency in parts of KP, Naqvi insisted that the federal government had not wanted to take such measures. He said the government had continued trying until the final hour to prevent an emergency from being imposed in 12 districts.

“We are not happy about governor’s rule or an emergency. The federal government take no pleasure in it,” he said, over such measures. Naqvi also rejected the suggestion that the government was exploiting terrorism for political purposes, saying that federal representatives had attended funeral prayers in Peshawar while, according to him, provincial government representatives were absent.

He cited the deaths of security personnel in Bannu and alleged that the chief minister had delivered a speech against the army the following day.

In a separate part of his address, Naqvi rejected claims that the federal government had abandoned negotiations with the opposition. He said the government had neither withdrawn from the talks nor imposed a deadline, insisting that it had repeatedly returned to the negotiating table.

According to Naqvi, the opposition had presented a document containing conditions that it said had been proposed by the KP government. He claimed the federal side had accepted those conditions, with the final point added by the government.

Naqvi maintained that he had personally intervened whenever KP faced financial difficulties, taking the provincial chief minister to the prime minister in an effort to resolve outstanding issues.

He renewed his offer of negotiations with Pakistan Tehreek-e-Insaf, urging senior party leaders to meet the government with the authority to make decisions. “Let PTI’s senior leaders come and talk. They should come with the authority to make decisions, and we will also come with authority from our prime minister. Whatever is agreed upon will be decided there and then,” he said.

Naqvi made clear that the government wanted negotiations to produce immediate decisions rather than agreements that would subsequently require approval from party leadership.

Mohsin Naqvi says government took no action outside constitutional limits

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Book on Sindh’s Taki Valley rock carvings launched

15 October 2026 at 08:52

JAMSHORO – A book documenting rock carvings in Sindh’s Taki Valley was launched at the Dr N.A. Baloch Institute of Heritage Research at a ceremony attended by academics, students and cultural practitioners.

Written by anthropologist and heritage researcher Dr Zulfiqar Ali Kalhoro, Stones That Speak: Rock Carvings of the Taki Valley, Sindh draws on extensive fieldwork in the Khirthar mountains.

The institute organised the launch in collaboration with the Department of Anthropology and Archaeology, University of Sindh.

Speaking on the occasion, department chairman Dr Abdul Razaque Channa said the publication went beyond cataloguing rock carvings, examining them through archaeological, anthropological and ethnographic perspectives.

Based on nearly three decades of exploration, the book documented previously unrecorded petroglyphs, he said. Its subjects ranged from prehistoric hunting scenes and religious symbols to pastoral traditions and contemporary engravings.

Dr Channa said these carvings showed how Sindh’s mountain landscapes preserved a visual record of human activity and cultural expression. He also acknowledged Dr Kalhoro’s contribution to documenting the country’s archaeology, architecture and living traditions.

Welcoming participants, the institute’s deputy director, Dr Arshad Baloch, said this was the author’s third scholarly book published by the institute. He highlighted its review and editorial process and encouraged researchers to contribute original scholarship on Sindh’s history and culture.

Institute director Hakim Ali Rahujo outlined its work to preserve Dr N.A. Baloch’s scholarly legacy through research, publications, archives and heritage documentation.

Dr Muhammad Rafique Wassan appreciated the author’s detailed field documentation and encouraged students to undertake original research. Dr Muhabat Ali Shah said preserving heritage was a responsibility towards future generations, as knowledge could otherwise be lost over time.

Dr Zahida Rehman Jatt urged students to cultivate reading habits and participate in research that deepened their understanding of society, culture and history.

The ceremony was also attended by Assistant Director Wajid Channa and Sindh Institute of Music and Performing Arts director Rehmatullah Rajar. Students attending as part of their Anthropology of Art and Music course shared their observations and put questions to the speakers.

In his concluding remarks, Dr Arshad Baloch reaffirmed the institute’s commitment to publishing research on the intellectual and cultural heritage of Sindh and Pakistan.

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Update for Corolla Facelift Buyers as Toyota cuts Prices by Rs1Lac

14 October 2026 at 19:21

Toyota Corolla Facelift comes with lower prices for selected variants, as the company axed prices for two variants, revised styling, and additional cabin features. The introductory ex-factory prices range from Rs6.099 million to Rs7.749 million, according to automotive reports dated October 14, 2026.

The biggest headline for budget-conscious buyers is a Rs103,000 reduction in the prices of both 1.6 Altis Manual and 1.6 Altis CVTi. At the other end of the lineup, Toyota has introduced a Grande variant with a chestnut interior, priced Rs40,000 above the black-interior version. The update, however, is not an entirely new-generation Corolla. Instead, it refreshes Pakistan’s long-running 11th-generation model with exterior revisions, interior changes and additional convenience features, while retaining the existing petrol engines and transmission options.

Toyota Corolla 2027 Prices in Pakistan

Variant Old Price New Price Price Change
1.6 Altis MT 6,202,000 6,099,000 −103,000
1.6 Altis CVTi 6,802,000 6,699,000 −103,000
1.6 Altis CVTi SE 7,339,000 7,339,000 No change
1.8 Altis CVTi 7,029,000 7,029,000 No change
1.8 Altis CVTi Grande, Black Interior 7,709,000 7,709,000 No change

With a difference of Rs1.65 million between the least expensive and most expensive variants, the refreshed Corolla lineup offers several configurations across the Rs6 million to Rs8 million price bracket.

The revised price list brings some relief for buyers considering the entry-level 1.6-litre models. 1.6 Altis MT has dropped from Rs6,202,000 to Rs6,099,000, while the 1.6 Altis CVTi is now priced at Rs6,699,000 instead of Rs6,802,000. Both variants have received an identical reduction of Rs103,000.

Not every model has become cheaper, however. The 1.6 Altis CVTi SE, 1.8 Altis CVTi and Grande with the black interior have reportedly retained their previous prices.

The new chestnut-interior Grande is priced at Rs7,749,000, carrying a Rs40,000 premium over the black-interior version. Meanwhile, the beige-interior Grande has been discontinued as part of the reported lineup changes.

Toyota’s latest refresh focuses heavily on appearance, particularly on the higher-specification variants. The facelift reportedly introduces a revised front grille and bumper, piano-black exterior detailing and integrated LED fog lamps on selected trims. The rear design has also received updates, while certain variants feature new 16-inch machine-finished alloy wheels.

The reported introductory prices apply to eligible vehicles invoiced between October 16 and December 31, 2026, subject to availability. The arrangement reportedly covers new bookings as well as existing orders placed by October 15, 2026, where a balance remains payable, provided the vehicles are invoiced within the specified period.

However, the introductory prices may not remain unchanged until delivery. Adjustments to government taxes, levies, tariffs, exchange rates or other applicable policies could affect the final invoice.

Toyota Corolla Facelift; Here’s What’s New for 2026 Model

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Petrol Price rises to Rs393.86 per Litre, Diesel dips to Rs396.65

14 October 2026 at 18:42

ISLAMABAD – Petrol consumers in Pakistan are facing another price hike, with the fuel rate rising by Rs1.20 per litre, while diesel users have received only marginal relief under the latest petroleum price revision.

The revised rates, reportedly effective from October 15, 2026, bring petrol prices to Rs393.86 per litre, up from Rs392.66. Meanwhile, high-speed diesel (HSD) has become slightly cheaper, falling by 17 paisas from Rs396.82 to Rs396.65 per litre.

Petrol Price Rises To Rs393 86 Per Litre Diesel Dips To Rs396 65

The adjustment comes after expectations of a possible reduction in petrol prices, making the latest increase an unwelcome development for motorists already paying nearly Rs394 per litre.

The latest adjustment offers little comfort to consumers. Petrol users will now pay an additional Rs1.20 for every litre purchased, while diesel consumers will save just 17 paisas per litre. Although the diesel reduction provides a slight price concession, the petrol increase adds to the financial pressure on motorists and households that depend on fuel for daily transportation.

With petrol now priced at Rs393.86 per litre and diesel at Rs396.65, both major fuels remain close to the Rs400 mark.

Global oil prices remained firm amid escalating security concerns in the Middle East. Brent crude rose 13 cents to $105.56 per barrel, while US West Texas Intermediate gained 1.33% to $95.39, its highest level in more than two weeks.

Market concerns were fuelled by an attack on Saudi Arabia’s state-owned oil company headquarters and growing threats to maritime traffic in the Strait of Hormuz. UBS analyst Giovanni Staunovo said the risk of disruptions to regional oil supplies continued to support prices, although exports had largely held up so far.

 

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Pakistan, Oman open New Doors for Cooperation in Media, IT and Diplomacy

14 October 2026 at 18:19

ISLAMABAD – Pakistan and Oman reaffirmed their commitment to strengthening bilateral relations and expanding cooperation across key sectors, as Prime Minister Muhammad Shehbaz Sharif met Omani Foreign Minister Sayyid Badr bin Hamad bin Hamood Al Busaidi in Islamabad.

PM Sharif stressed deep-rooted bonds between the two countries, saying their shared religion, geographical proximity, common history, cultural links and centuries-old people-to-people connections provided a strong foundation for enduring brotherly relations. Calling Oman a brotherly nation, an important maritime neighbour and a valuable regional partner, the prime minister expressed confidence that the two countries could further expand mutually beneficial cooperation through sustained diplomatic engagement and institutional collaboration.

The meeting came as Pakistan and Oman held the eighth session of their Joint Ministerial Commission, with both sides expressing satisfaction over the successful conclusion of the high-level engagement and reaffirming their resolve to strengthen bilateral ties.

Prime Minister Shehbaz Sharif voiced hope that the commission’s meeting would open further avenues for cooperation and help translate the longstanding friendship between the two nations into tangible mutual benefits. He also praised Oman’s principled support for resolving disputes through dialogue and diplomacy.

Omani Foreign Minister Sayyid Badr bin Hamad Al Busaidi thanked the Pakistani government for its warm welcome and hospitality, expressing optimism that the commission’s deliberations would advance cooperation across multiple sectors.

The visiting dignitary appreciated Pakistan’s continued diplomatic efforts to ease regional tensions and promote peaceful solutions to outstanding issues, highlighting the importance of dialogue and diplomatic engagement amid regional challenges. A key highlight of the engagement was the signing ceremony for the protocol of the eighth session of the Pakistan-Oman Joint Ministerial Commission, attended by Prime Minister Shehbaz Sharif.

The two sides signed agreements and memorandums of understanding covering several areas of cooperation, including media collaboration, the exchange of news and information, the preparation and preservation of historical documents, communications and information technology, and the facilitation of exchanges between diplomatic and official delegations.

The agreements reflect both countries’ intention to broaden institutional links and strengthen coordination in areas of shared interest.

Foreign Minister Al Busaidi is visiting Pakistan to co-chair the eighth session of the Joint Ministerial Commission alongside Pakistan’s Deputy Prime Minister and Foreign Minister, Senator Mohammad Ishaq Dar.

 

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Houthi Leader Akram Amer Captured by Yemeni forces amid Deadly attacks on Leadership

14 October 2026 at 17:41

SANAA — Yemeni forces reportedly captured senior Houthi figure Akram Amer in the western countryside of Taiz, while separate, unverified claims suggest that several prominent figures within the Houthi leadership may have been wounded, killed, or detained.

The reported capture of Amer comes as fighting continues across multiple fronts, adding another potentially significant development to Yemen’s protracted conflict.

🚨🇾🇪 BREAKING NEWS | YEMEN
⚔ The Yemeni Army has reportedly captured senior Houthi leader Akram Amer during operations in the western countryside of Taiz.

📍 The reported capture marks a significant development in the ongoing conflict in Yemen as fighting continues across several fronts.

🔥🇾🇪 More updates to follow as further details emerge.

— ARMY LIFE (@Sarfarosh_1947) October 14, 2026

Houthi leader Abdul-Malik al-Houthi was reportedly injured in an airstrike. Some reports allege that he underwent leg amputation and remains in intensive care, although these details have not been independently verified.

The allegations extend to the group’s senior military leadership. Reports claim that Houthi Defense Minister Muhammad al-Atifi and military spokesman Yahya Saree have been killed. Other unconfirmed accounts place Saree’s body at Kuwait Hospital in Sana’a. Separately, a Houthi political figure has reportedly been arrested in the capital, though the individual’s identity and the circumstances of the alleged detention remain unclear.

These claims surfaced amid reports of intensified Saudi-led coalition airstrikes following alleged Houthi attacks on Riyadh airport, raising questions about the potential scale and consequences of the latest escalation.

The recent developments shows serious challenge to Houthi movement’s leadership and command structure. However, no definitive conclusion can be drawn until the reported captures, injuries, deaths and arrests are independently confirmed.

The development comes amid Houthi strike on Saudi Aramco’s headquarters in Dhahran after Saudi attack on an oil facility in Sana’a raised fears of a wider regional escalation.

Experts warned that the conflict could worsen before any resolution emerges, as Riyadh faces growing pressure over its security and energy infrastructure.

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KP Emergency Resolution sails through both Houses of Parliament amid Opposition Protests

14 October 2026 at 13:55

ISLAMABAD – National Assembly and Senate approved resolutions supporting the imposition of an emergency in Khyber Pakhtunkhwa, marking a significant development in the federal government’s efforts concerning the province.

National Assembly approved the resolution presented by Federal Minister for Parliamentary Affairs Tariq Fazal Chaudhry by a majority vote. Opposition lawmakers strongly opposed the proposed emergency, raising slogans against the move during the proceedings.

Members from both the treasury and opposition benches debated the resolution for more than four hours before the National Assembly passed it. The development came as the Senate also approved the resolution concerning the imposition of emergency in Khyber Pakhtunkhwa.

National Assembly session was adjourned until Friday at 11 am.

The imposition of emergency measures in KP sparked political and constitutional debate in Pakistan, with the federal government citing security concerns and the opposition raising questions about provincial autonomy.

The government has justified its intervention by pointing to rising militant violence, cross-border infiltration and alleged shortcomings in the PTI-led provincial administration’s cooperation on counterterrorism. PTI has opposed the move, arguing that it threatens the authority of the elected provincial government.

President Asif Ali Zardari issued an emergency proclamation and imposed governor’s rule on October 11, 2026, on the prime minister’s advice. The announced arrangement includes the governor assuming specified provincial executive responsibilities, supported by an 11-member advisory council.

The key constitutional provisions include Article 232, which addresses emergency proclamations, Article 234, concerning the failure of constitutional machinery in a province, and Article 245, covering the armed forces’ role in aid of civil power.

The duration and legal consequences depend on the constitutional procedure followed and the official orders issued. The central dispute remains whether the intervention is necessary for security or undermines provincial self-government.

 

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Russia backs Pakistan’s Counterterrorism efforts in meeting with Field Marshal Asim Munir

14 October 2026 at 13:19

RAWALPINDI – Pakistan and Russia reaffirmed their commitment to strengthening bilateral security cooperation as Russian Interior Minister Vladimir Kolokoltsev met Field Marshal Syed Asim Munir at General Headquarters (GHQ) in Rawalpindi, with regional security and closer institutional coordination high on the agenda.

ISPR shared an update of the meeting, which brought together Russian minister and Pakistan’s Chief of Army Staff and Chief of Defence Forces (COAS & CDF) to discuss matters of mutual interest, the evolving regional security environment and ways to expand cooperation between the two countries’ security institutions.

During the discussions, both sides stressed the importance of strengthening institutional linkages and improving coordination between Pakistani and Russian security agencies to advance their shared interests.

Field Marshal Asim Munir reaffirmed Pakistan’s resolve to deepen its longstanding relations with Russia, emphasising the importance of expanding practical cooperation, particularly in the security domain.

The meeting underscored the two countries’ interest in enhancing engagement on security-related matters amid a regional environment in which coordination and cooperation remain important for peace and stability.

Russian Interior Minister Kolokoltsev, meanwhile, appreciated Pakistan’s contributions to regional peace and stability. He also acknowledged the professionalism and sacrifices of the Pakistan Armed Forces in the fight against terrorism.

The meeting highlighted the commitment of Islamabad and Moscow to maintaining closer institutional engagement and exploring avenues for more effective bilateral security cooperation.

 

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New School Timings in Punjab from October 16

14 October 2026 at 12:29

LAHORE – Authorities in Punjab announced revised timings for all government schools from October 16, 2026, with separate schedules for single-shift and double-shift institutions until March 31, 2027.

Punjab School Education Department revised timings for all government schools and new timetable will change school closing times on Fridays and establish separate operating hours for morning and afternoon shifts.

Under the new schedule, single-shift schools will operate from 8:45 a.m. to 1:30 p.m. from Monday to Thursday, while Friday classes will end at 12:30 p.m. Schools running double shifts will follow separate schedules for their morning and afternoon sessions.

Punjab Govt School Timings 2026–27

School Type Day Timings
Single-Shift Monday to Thursday 8:45 a.m. – 1:30 p.m.
Single-Shift Friday 8:45 a.m. – 12:30 p.m.
Double-Shift (Morning) Monday to Thursday 8:45 a.m. – 1:15 p.m.
Double-Shift (Morning) Friday 8:45 a.m. – 12:30 p.m.
Double-Shift (Afternoon) Monday to Thursday 1:30 p.m. – 4:30 p.m.
Double-Shift (Afternoon) Friday 2:00 p.m. – 4:30 p.m.

For the morning shift at double-shift schools, classes will begin at 8:45 a.m. and continue until 1:15 p.m. from Monday to Thursday. On Fridays, the morning session will end at 12:30 p.m. The afternoon shift will run from 1:30 p.m. to 4:30 p.m. from Monday to Thursday. On Fridays, classes will start at 2 p.m. and conclude at 4:30 p.m.

The School Education Department has instructed all chief executive officers of district education authorities across Punjab to ensure that government schools implement the revised timings without deviation.

The notification, signed by School Education Secretary Muddassir Riaz Malik, also allows district education officials to adjust the 15-minute interval between opening and closing times at girls’ schools according to local requirements.

 

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OMODA 4 Makes French Debut at Paris Motor Show with Futuristic Cyber Mecha Design

14 October 2026 at 12:11

PARIS – OMODA 4, a new crossover from OMODA & JAECOO, has made its French debut at the 2026 Paris Motor Show, showcasing futuristic CYBER MECHA styling, an intelligent cockpit and mobile gaming features. The model aims to combine everyday driving practicality with connected entertainment under the brand’s “BE THE ONE” proposition.

At the Paris Motor Show, a global showcase of design trends, OMODA 4 presented a bold vision of next-generation aesthetics through its distinctive CYBER MECHA styling. From sharp Cyber Lightning Headlights and a full-width LED light strip to powerful geometric lines and a dynamic fastback silhouette, futuristic mecha elements collide with contemporary design, bringing the striking imagination of the digital world into reality.

From distinctive street fashion to Paris’s vibrant creative culture, style has always been an important language of self-expression. OMODA 4 enters this cultural landscape with a bold design attitude, making every appearance instantly recognizable and expressing the distinctive edge of “BE THE ONE” through its CYBER MECHA aesthetics.

Cyber Pilot: A Super Intelligent Cockpit That Understands Its Driver

As intelligent technology becomes increasingly integrated into everyday life, drivers are discovering more personalized ways to travel. OMODA 4 is equipped with 19 ADAS intelligent driving assistance functions, including Cyber Pilot Super Smart Parking Assist APA+RPA, bringing greater ease and confidence to urban driving scenarios, from the busy streets of Paris to commercial parking facilities.

Omoda 4 Makes French Debut At Paris Motor Show With Futuristic Cyber Mecha Design

Even more exciting is the Super Intelligent Cockpit. Powered by an In-vehicle Large Language Model for intelligent voice interaction, the smart cabin delivers Better Intent Understanding, Better Understanding of User Habits, Better Understanding of Emotions, and Better Understanding of Trends, creating a more personalized way to interact with the vehicle. From everyday conversations to music and entertainment, technology gradually adapts to users’ preferences and rhythms, making every journey a uniquely intelligent experience.

Cyber Verse: A Mobile Gaming Cockpit That Brings Passions On Board

From music and trendsetting gatherings in Paris to weekend getaways along the Normandy coast, modern lives are filled with different experiences and passions. OMODA 4 integrates gaming, music and outdoor interests into its cabin, transforming the vehicle into an extension of diverse lifestyles.

A 13.2-inch LCD HD central touchscreen, an in-vehicle infotainment system with 20+ built-in games and a custom in-car game controller allow the cabin to transform into a Mobile Gaming Cockpit whenever the vehicle is safely parked. The Karaoke ecosystem and multicolor ambient lighting add more fun to gatherings with friends, while the rear trunk cargo volume with rear seats folded down reaches 1,126 L, providing ample space for weekend trips, camping equipment and collectible items. From digital entertainment to outdoor exploration, OMODA 4 gives every passion a space of its own.

From the Paris Motor Show to European Esports Culture: “BE THE ONE”

From the Mobile Gaming Cockpit to Europe’s leading esports arenas, OMODA continues to bring the passions of its community into its brand experiences. As the Official Automotive Partner of VALORANT Esports EMEA, OMODA previously showcased a VALORANT-themed co-branded vehicle at the VCT EMEA Finals in Barcelona. Through the “Finals MVP Award presented by OMODA”, the brand also celebrated the defining moments of outstanding players on the competitive stage.

From the excitement of esports in Barcelona to the CYBER MECHA debut in Paris, OMODA is building deeper connections through design, technology and esports culture. Staying true to one’s own style and daring to stand out lie at the heart of “BE THE ONE.” “BE THE ONE” is not about being the only one. It is about knowing who you want to become, even when everyone else is telling you who you should be. It means choosing a car not just for its specifications, but for how well it reflects your personality. It means refusing to follow a standard formula in life and instead writing your own rules.

Coming Soon to Pakistan: OMODA 4 With NexGen Auto, Backed by Nishat Group

OMODA 4 will soon be launched in the Pakistan by NexGen Auto, the automotive arm of Nishat Group and the official partner of OMODA & JAECOO.

OMODA & JAECOO arrived in Pakistan on 1 August 2025 at Expo Centre Lahore with a five-model line-up, backed by a USD 100 million investment and local assembly in Faisalabad. In its first year, the brands passed 15,000 customer deliveries, a milestone built on Nishat Group’s market strength, its commitment to customer service and a product range that has matched what Pakistani buyers look for.

OMODA 4 is the next chapter. For Pakistan’s city drivers, its CYBER MECHA design offers a style that stands apart in a market of familiar shapes. The Super Intelligent Cockpit, with its voice assistant powered by an in-vehicle large language model, and the 19 ADAS functions, including automated parking assist, answer the everyday realities of crowded Lahore, Karachi and Islamabad streets and tight parking spaces. And with 1,126 litres of cargo space with the rear seats folded, there is room for the weekend drive to the Northern Areas, family outings and everything that comes with them.

Local specifications, variants and pricing for OMODA 4 will be announced by NexGen Auto closer to the launch. Until then, Pakistani customers can follow OMODA Pakistan’s official channels for updates.

The French debut of OMODA 4 demonstrated OMODA & JAECOO’s global product strategy: CYBER MECHA design shaping a pioneering identity, with intelligent technology and entertainment experiences responding to diverse lifestyles. With NexGen Auto and Nishat Group behind it, that strategy is now heading to Pakistan.

OMODA 7 Launched in Pakistan at PKR 10,649,000 with a PRICE LOCK & OMODA 4 Set to Follow Later This Year

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