Monday, October 12, 2026 · Petrol Rs 398.3 · USD/PKR 277.05 · Gold Rs 442036/tola

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Punjab Schools, Colleges and Universities to Remain Open as Fake Closure Notices Rejected IMF Says AI Investment Is Helping Keep Global Growth Near 3% Pakistani Killed, 11 Wounded in Fresh Houthi Attack on Riyadh Airport Peshawar Faces Roadblocks, Communication Disruptions After Governor’s Rule Imposed in KP Three Arrested Over Alleged Study-Abroad Fraud Linked to Laiba’s Sucide Case Zardari and Shehbaz Agree to Impose Emergency in Khyber Pakhtunkhwa Houthi Attack on Riyadh Airport Kills 12, the Worst in a Decade Pakistan Cancels 42 Flights as Riyadh Routes Are Suspended Finance Minister Says He Was Never Told of the IMF’s Objection Section 144 Imposed in Rawalpindi and Murree for a Month Petrol Eases to Rs398.30 While Diesel Rises to Rs396.24 Gold Climbs to Rs442,036 a Tola; KSE-100 Ended Friday Lower PIA Signs Lease Deal With Norse Atlantic for Two Boeing 787-9 Dreamliners Supreme Court Says Trial Courts Can Reject Time-Barred Suits Without Defendant’s Application WEF Urges Pakistan to Rethink Administrative Map as Population Growth Strains Governance Pakistan Reaffirms Support for Saudi Security at UN Security Council IAEA Review Finds Pakistan Has Robust Nuclear Security Regime Two State Solution & Abrahamic Accords ,Nothing is Off the Table: State Department Antisemitism Envoy Pacific Pre-COP Ends With Strong Call for Climate Action Ahead of COP31 Pakistan Raises Petrol, Diesel Prices Under New Daily Pricing Mechanism Punjab Schools, Colleges and Universities to Remain Open as Fake Closure Notices Rejected IMF Says AI Investment Is Helping Keep Global Growth Near 3% Pakistani Killed, 11 Wounded in Fresh Houthi Attack on Riyadh Airport Peshawar Faces Roadblocks, Communication Disruptions After Governor’s Rule Imposed in KP Three Arrested Over Alleged Study-Abroad Fraud Linked to Laiba’s Sucide Case Zardari and Shehbaz Agree to Impose Emergency in Khyber Pakhtunkhwa Houthi Attack on Riyadh Airport Kills 12, the Worst in a Decade Pakistan Cancels 42 Flights as Riyadh Routes Are Suspended Finance Minister Says He Was Never Told of the IMF’s Objection Section 144 Imposed in Rawalpindi and Murree for a Month Petrol Eases to Rs398.30 While Diesel Rises to Rs396.24 Gold Climbs to Rs442,036 a Tola; KSE-100 Ended Friday Lower PIA Signs Lease Deal With Norse Atlantic for Two Boeing 787-9 Dreamliners Supreme Court Says Trial Courts Can Reject Time-Barred Suits Without Defendant’s Application WEF Urges Pakistan to Rethink Administrative Map as Population Growth Strains Governance Pakistan Reaffirms Support for Saudi Security at UN Security Council IAEA Review Finds Pakistan Has Robust Nuclear Security Regime Two State Solution & Abrahamic Accords ,Nothing is Off the Table: State Department Antisemitism Envoy Pacific Pre-COP Ends With Strong Call for Climate Action Ahead of COP31 Pakistan Raises Petrol, Diesel Prices Under New Daily Pricing Mechanism

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September 7, 2024

Government weighs offshore drilling reform

Islamabad: The government is actively exploring two options for amending the offshore fiscal regime, with the aim of reviving interest in offshore drilling through tax breaks and strategic investments from friendly states. Earlier, Pakistan attempted offshore drilling in partnership with US energy giant ExxonMobil, after a nine-year hiatus. However, the venture was unsuccessful, with conspiracy theorists blaming ExxonMobil for a lack of commitment to drilling in the waters offshore Karachi. Sources reveal that ExxonMobil had requested a larger exploration area offshore Karachi, but security concerns prevented the government from granting the request. Now, the Shehbaz-led government is formulating a new

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