Blaze News - Pakistan

The federal government on Monday hiked the price of petrol and high-speed diesel (HSD) by Rs12.9 and Rs3.72 per litre, respectively, for September 8. According to a notification issued by the Petroleum Division, the price of petrol was fixed at Rs358.77 per litre, while HSD would cost Rs381.77 per litre for September 8. The latest revision comes after the government decreased the price of petrol by Rs3.13, while increasing the price of HSD by Rs3.74 per litre from September 5 to September 7. Read: Govt decreases petrol price by Rs3.13, increases HSD by Rs3.74 per litre till Sept 7 On July 17, the government announced a new pricing mechanism under which petroleum product prices would be reviewed and notified on a daily basis, replacing the weekly pricing mechanism, as renewed tensions between the United States and Iran continued to drive volatility in global oil markets and raise concerns over fuel supplies. According to the Pakistan Economic Survey 2024-25, petroleum products...

Punjab Chief Minister Maryam Nawaz Sharif has sought an immediate explanation from the deputy commissioners of Okara and Sahiwal after the CM’s Inspection Team uncovered overcharging at a hospital parking lot and deficiencies in civic services. The team conducted late-night surprise visits to the Okara District Headquarters and Depalpur and Chichawatni Tehsil Headquarters Hospitals. At the Chichawatni THQ Hospital, the team received complaints about excessive parking charges and ordered cancellation of the contract and registration of a case against those responsible. Read: CM Punjab launches crusade against corruption The team also noticed stagnant rainwater and non-functional streetlights in Okara district. Based on a report, CM Maryam expressed displeasure and sought explanations from the DCs of Okara and Sahiwal. She ordered the relevant authorities to immediately start reconstruction of the dilapidated Depalpur Road. وزیرِ اعلیٰ پنجاب مریم نواز شریف کی ہدایا...

US President Donald Trump criticised the alleged exchange-rate gap between the Canadian and US dollars on Sunday, calling the "imbalance" unacceptable. "Canada's (currency) Dollar imbalance with the US is unacceptable," Trump wrote on his social media platform Truth Social. "It has been that way for years - but no longer!" https://ift.tt/Gtqg1U5 Trump did not elaborate on what he meant by the remark. The Canadian dollar has historically been weaker than its US counterpart for most of the past 15 years. The long-term average stands at about $1 to 1.24 Canadian dollars. Since 2015, the currency has mostly traded between 1.20 Canadian dollars and 1.45 Canadian dollars against the greenback. It only reached or exceeded parity during part of the 2007-2012 commodity boom, when the Canadian dollar was stronger than the US dollar. The US dollar currently trades at around 1.38 Canadian dollars, meaning one Canadian dollar is worth roughly 72 U...

Khyber-Pakhtunkhwa (K-P) Chief Minister Sohail Afridi on Sunday vowed to reach Karachi and launch a street movement in the city, saying he would not leave Sindh until the objective was achieved. “If we cannot reach Karachi today, then, InshaAllah, we will hold the rally tomorrow; if not tomorrow, then the day after. Without carrying out a street movement in Karachi, I will not take a single step out of Sindh. Until the goal is achieved, I am right here,” Afridi said, speaking to the media while travelling to Karachi after holding a rally in Hyderabad. He criticised the Pakistan Peoples Party (PPP) government over alleged road blockades, saying the PTI was being welcomed on social media while obstacles were being created in its way. “I have already told Bilawal that if they are not doing all this on your directives, then tell us who is. Bring the names forward, then we will go,” he said. پنجاب کی جعلی وزیراعلیٰ جسے پنجاب کی عوام نے ریجیکٹ کیا ہوا ہے، وہ...

Punjab Chief Minister Maryam Nawaz came under fire on Saturday after her remarks that Punjab faced a greater security threat from other provinces than neighbouring countries triggered widespread criticism and concerns over the widening provincial divide. The remarks, made at the e-launching ceremony of the Artificial Intelligence Hub in Lahore, triggered criticism, particularly from opposition figures, who accused the chief minister of targeting Khyber-Pakhtunkhwa and undermining provincial harmony. The Pakistan Tehreek-i-Insaf (PTI), the main opposition party, hit out at the chief minister, alleging that her remarks reflected an intention to “break Pakistan apart”. In a post on X, the party said: “Love for India always wells up from the hearts of the Sharif family, while harboring hatred for their own smaller provinces.” شریف خاندان کے دلوں سے ہمیشہ بھارت کے لیے پیار ابھر کر نکلتا ہے اور اپنے ہی چھوٹے صوبوں کے لیے نفرت۔ پنجاب کی جعلی وزیراعلی آج ...

Hawala networks are once again becoming a source of concerning headlines, as operators of the notorious informal money transfer system are reportedly using digital assets and the latest fintech to move money under the noses of regulators and law enforcement. A new joint report by the FATF and the OECD says hawala networks are now moving billions of dollars around the world every year. More than 80 per cent of reporting jurisdictions now identify hawala and similar service providers as principal channels for professional money laundering, and the networks continue to innovate to offer a product that is comparable, and arguably even better, than anything the formal banking system has to offer. Among the ways is that hawala operators often offer competitive exchange rates with 'zero fee' instant transfers, unlike banks and other legal money transfer services, which charge fees and taxes, and could take several minutes, hours, or days, depending on the value of a transaction ...