As thousands of French shop owners are reeling from the weekend's violence and looting, listings of apparently stolen items have been popping up online. The government has asked major second-hand marketplaces such as Vinted, eBay and Amazon to crack down on suspicious adverts. 

The Conservative leader will urged Andy Burnham and his Chancellor John Healey to ‘live within our means’, by adopting cuts across Government.

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The allotment of 7.24 crore shares at ₹1,119 apiece comes two days before the initial public offering opens for public subscription on October 21

KARACHI – Pakistan’s motorists get some relief as the federal government announced a reduction in petrol and high-speed diesel prices, bringing the cost of both major fuels down for Tuesday.

Under the revised rates, petrol has become cheaper by Rs5.16 per litre, with its price falling to Rs381.14. High-speed diesel (HSD) has seen a larger cut of Rs7.69 per litre, bringing its new price to Rs389.27.

The Petroleum Division confirmed the adjustment in an official press release, stating that the Oil and Gas Regulatory Authority (OGRA) revised the ex-depot prices in accordance with the federal government’s petroleum pricing mechanism.

The domestic price reduction comes as global oil markets witnessed a decline on Monday, with crude prices slipping by more than $1 after reaching multi-month highs last week.

Investors moved to secure profits following the recent rally, while uncertainty surrounding geopolitical tensions in the Middle East and Ukraine continued to influence market sentiment.

Traders are also assessing the possible effects of US waivers involving certain sanctions and tariffs linked to Russian exports, with developments in global energy markets remaining a key factor for oil prices.

The post Petrol price lowered to Rs381, Diesel slips to Rs389 appeared first on Daily Pakistan English News.

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The government on Monday cut the price of petrol by Rs5.16 per litre and that of high-speed diesel (HSD) by Rs7.69.

Following the revision, petrol will retail at Rs381.14 per litre while HSD will cost Rs389.27 per litre. The government continues to levy Rs114 per litre in taxes and duties on petrol and Rs100 per litre on diesel.

According to the Petroleum Division’s notification, the new prices are applicable for Oct 20 (Tuesday).

The price of HSD has come down from a peak of Rs520.35 recorded on April 3. Its price had started rising from Rs281 per litre after the US-Iran war broke out on February 28.

The petrol price had peaked at Rs458.41 on April 3 after beginning its upward trajectory from Rs266 in the first week of March.

Meanwhile, the government has reintroduced a raft of austerity measures in response to rising fuel prices amid the ongoing Middle East conflict. Under these measures, markets are required to close by 9pm and fuel allocations for official vehicles has been cut by 50 per cent for three months.

On September 13, Prime Minister Shehbaz Sharif also announced a “relief scheme” for users of motorcycles, autos and vehicles of up to 800cc to “alleviate the burden” of rising global oil prices.

Previously, on July 17, Petroleum Minister Ali Pervaiz Malik announced that fuel prices would now be fixed on a daily basis due to fluctuations in international market prices following renewed hostilities between Iran and the US.

Prior to this, the government had been announcing weekly revisions to fuel prices since early March, alongside measures for the conservation of fuel amid possible oil supply disruptions due to the ongoing conflict in the Middle East. The federal government in April also announced targeted relief measures to provide subsidised fuel.

The petroleum minister stated that the cabinet and the prime minister had decided to give the Oil and Gas Regulatory Authority (Ogra) the responsibility of deciding fuel prices on a daily basis based on international market trends.

Petrol is mainly used in private transport, small vehicles, rickshaws and two-wheelers, and changes in its price affect the middle and lower-middle classes.

Similarly, changes in diesel prices also impact the public at large, as it is mainly used in the heavy transport sector, power plants and large generators.

Petrol and high-speed diesel (HSD) are the major revenue earners, with monthly sales of about 700,000 to 800,000 tonnes, compared to just 10,000 tonnes of monthly demand for kerosene.

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Exclusive: Utility seen as ‘litmus test’ of PM’s promise to bring ‘essentials of life’ under public control

Andy Burnham has told officials to rip up their plans for how to fix Thames Water and present him with more radical options for what to do with the stricken company.

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© Photograph: Vuk Valcic/SOPA Images/Shutterstock

© Photograph: Vuk Valcic/SOPA Images/Shutterstock

© Photograph: Vuk Valcic/SOPA Images/Shutterstock

KARACHI – BankIslami, one of Pakistan’s fastest-growing Islamic banks, has won a Bronze award in the Creative Excellence category at the Dragons of Asia Awards 2026 for its Independence Day campaign.

The recognition places the awareness efforts of a homegrown Islamic bank alongside some of the finest creative campaigns from across Asia. It also highlights the strength of Pakistani creative work on an international stage, and the impact of brand communication rooted in purpose and a genuine understanding of its audience.

The campaign, ‘Sab Mil Kar Azadi Ka Parcham Lehraein’, turned Independence Day into a nationwide call for unity, with inclusivity at its core as the foundation of the country’s freedom and a promise of an equal place for every citizen in its future.

The Bank sees inclusivity as the path to financial independence, where every individual, community and region has access to the financial system. This vision of a nation free from Riba, built on fairness and shared prosperity, is what the Bank works towards every day.

This marks a second international recognition this year for BankIslami, which had earlier been named Pakistan’s Best Islamic Digital Bank at the Euromoney Islamic Finance Awards.

The Bank’s purpose-driven campaigns and customer communications continue to build awareness and understanding of Islamic banking, bringing Islamic values closer to people in every part of the country, in line with its mission of Saving Humanity from Riba.

Mastercard and BankIslami Join Forces to Strengthen the Digital Payments Ecosystem in Pakistan

The post BankIslami Wins Bronze in Creative Excellence at Dragons of Asia Awards 2026 in Kuala Lumpur appeared first on Daily Pakistan English News.

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More than ⁠160 ​offshore rig workers plan walkout amid rising tensions between unions and oil companies

North Sea workers are preparing to strike at oil rigs across the ageing basin over the coming weeks in a sign of growing tensions between trade unions and oil companies.

The Unite union said on ⁠Monday that more than ⁠160 ​offshore rig workers would take part ⁠in a 24-hour ​strike from Wednesday that could “severely disrupt” UK fuel supplies.

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© Photograph: Martin Langer/Alamy

© Photograph: Martin Langer/Alamy

© Photograph: Martin Langer/Alamy

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Under a mechanism developed by Ukraine’s Infrastructure Ministry, Kyiv will compensate shipowners, operators, and charterers whose vessels fly under the Ukrainian or a foreign flag for up to 80% of the assessed damage if insurers don’t cover the risks.

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Concerns financial contracts known as derivatives were incorrectly logged, potentially boosting Barclays’ profits

The Bank of England is reportedly looking into Barclays’ handling of loans linked to the embattled private credit sector.

The Bank’s regulatory arm, the Prudential Regulation Authority (PRA), started reviewing the matter this year after concerns were raised by a Barclays insider, according to the Financial Times.

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© Photograph: Suzanne Plunkett/Reuters

© Photograph: Suzanne Plunkett/Reuters

© Photograph: Suzanne Plunkett/Reuters

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