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Articles for tag: attacks, escalate, fuel, hit, houthi, Last Yemen Houthi Red Sea UKMTO, rebels, red, Sea, Tanker, Yemens

January 27, 2024

News Desk

Yemen’s Houthi rebels escalate attacks in Red Sea, hit fuel tanker

CAIRO: Yemen’s Houthi rebels on Friday stepped up attacks on ships transiting the Red Sea, including a strike that set fire to a fuel tanker operating on behalf of trading company Trafigura. Trafigura said a missile hit the Marlin Luanda tanker as it crossed the Red Sea. The tanker was carrying Russian naphtha bought below the price ceiling under G7 sanctions, a Trafigura spokesman said. Firefighting equipment on board was deployed to suppress and control the fire in a starboard cargo tank, the company said in an emailed statement. “We remain in contact with the vessel and are closely monitoring

January 22, 2024

News Desk

Sania-Shoaib divorce: Old interviews add fuel to the fire

After months of rumored strain in their relationship, Pakistani cricketer Shoaib Malik and former Indian tennis player Sania Mirza have officially ended their marriage. The unexpected revelation came to light when Malik announced his marriage to Pakistani actress Sana Javed on Saturday. An official statement from Mirza’s family on Sunday clarified that the couple had indeed separated several months ago. The public has been filled with curiosity about the reasons behind the breakup of this high-profile cross-border celebrity couple. According to the Indian news agenciesthe cricket family has expressed its disapproval of the union. Fan speculation Amid speculation about Malik’s

January 13, 2024

News Desk

Weekly inflation surges to 7-month high on rising fuel prices

Of the 51 items monitored by SPI, 21 increased, 8 decreased, and 22 remained stable A shopkeeper at a shop in this undated picture. — Reuters/File SPI rose 1.36% in the week ended January 11. The SPI inflation index jumps to 44.16% year-on-year. The main contributors to weekly inflation are food. Islamabad: Weekly inflation jumped to the highest level in more than seven months, official data showed on Friday, as soaring food prices fueled by currency devaluation and rising energy costs squeezed household budgets. The Sensitive Price Indicator (SPI), which tracks the prices of 51 basic items, rose 1.36 percent

December 28, 2023

News Desk

NEPRA is considering an increase of Rs 4.66/unit

Islamabad: As the calendar turns to 2024, consumers are bracing for another blow to their household budgets. The National Electricity Regulatory Authority (Nepra) has signaled a possible rise in electricity prices, with a proposed increase of up to Rs 4.66 per unit in electricity bills for January 2024. This expected increase, attributed to the adjustment of fuel for the month of November, could collectively burden electricity consumers with an additional Rs.33 billion. Nepra held a public hearing on Wednesday. During the process, the regulator’s decision to raise prices drew heavy criticism. The energy regulator has faced allegations that it bowed

December 15, 2023

News Desk

Fuel prices are expected to be reduced by Rs 13 per liter from December 16

Government to announce final petrol price after exchange rate adjustment, industry officials say A petrol station worker fills petrol on a motorbike at a petrol pump in Karachi on September 1, 2023. — PPI Possible decrease due to falling global gasoline prices. Petrol price may go up to Rs 268.24 per litre. The government will announce the final price after adjusting the exchange rate. KARACHI: Fuel prices in Pakistan are expected to decline by around Rs 13 per liter in the next fortnightly review due to the significant fall in global oil prices in the last two weeks, The news

December 1, 2023

News Desk

UN chief and COP28 president clash over fossil fuel future

UN Secretary-General Antonio Guterres has urged world leaders at the COP28 climate summit to plan for a future without fossil fuels, saying there is no other way to limit global warming. Speaking a day after COP28 president Sultan Ahmed al-Jaber suggested the continued use of fossil fuels should be adopted, Guterres said: “We cannot save a burning planet with a fossil fuel fire hose.” “The 1.5 degree limit is only possible if we finally stop burning all fossil fuels. Not a reduction. Not a reduction,” he said, referring to nascent technologies to capture and store carbon emissions. Competing visions summed

December 1, 2023

News Desk

PSO warns of fuel supply disruption if PIA fails to pay Rs 1.50 billion

Sources say PSO supported PIA despite its recent financial woes by extending additional credit to the airline twice Operator of PIA. — AFP/File PSO backed PIA even as it faced financial problems: sources. PIA not making full payment of Rs 3,916 crore in November. The FBR also orders the accounts of PIA airline to be released. KARACHI: Pakistan State Oil (PSO) has demanded Rs1.50 billion from Pakistan International Airlines (PIA) by Friday for the fuel it bought from it, warning of supply disruption if payment is not made, The news mentionted. A day earlier, the Federal Board of Revenue (FBR)

November 3, 2023

News Desk

Oil sales rose 25% in October

KARACHI: Demand for petroleum products rose 25% to 1.26 million tonnes in October 2023 compared to the previous month, fueled by lower prices and a gradual improvement in economic activities. The rise in demand for petroleum products is a sign of recovery in Pakistan’s gross domestic product (GDP), which reflects the central bank’s forecast of moderate economic growth of 2-3% in the current financial year. Last year, the economy grew a paltry 0.3%. Large-scale manufacturing (LSM) and the agriculture sector, which are the top consumers of petroleum products, remained on an upward trend as their production levels increased. This also

November 2, 2023

News Desk

Factories using plastic as fuel the main cause behind Lahore’s smog

In this undated photo, a steel mill is seen emitting pollution. — AFP LAHORE: Once called ‘the garden city’, Lahore has now become one of the most polluted cities in the world as experts believe that small industrial units and factories that use tires and plastic as fuel, farmers who burn crop residues in suburban areas and Brick kilns operating without zig-zag technology are the main causes of smog covering the city. On November 2, a long day in the Punjab capital, clouds of smog seemed to hide tall buildings and huge heritage monuments. A flood of people on motorbikes

November 2, 2023

News Desk

Israeli settler attacks fuel the fire as the war in Gaza rages

QUSRA: Grieving his father and brother, Mohammed Wadi says armed Israeli settlers from outposts overlooking his West Bank oil-producing village no longer aim low when shooting at Palestinian neighbors. “Now, they shoot to kill,” he said. Violence in the Israeli-occupied West Bank, already at a more than 15-year high this year, rose further after Israel entered a new war in the separate Gaza Strip in response to the Palestinian group Hamas unleashing the deadliest day in Israel’s history on 7 Oct Days later, on October 12, Wadi’s father and brother were shot when armed Israeli settlers and soldiers stopped a

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