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Fuel dealers warn of post-Eid strike if margins not raised

KARACHI: Petroleum dealers have threatened to stop petrol and diesel sales after Eidul Fitr, in case the government does not revise their profit margins. Addressing a news conference at the Karachi Press Club on Friday, the leadership of Pakistan Petroleum Dealers Association (PPDA) gave the government until March 26 to revise petroleum dealers’ margin from 2.59 per cent to 8pc in the wake of a Rs55 per litre hike in diesel and petrol rates. Currently, the dealers’ margin comes to around Rs8.64 per litre on diesel and petrol. The PPDA leaders, including Abdul Sami Khan, Tariq Hasan and Ameer Khan Masood, said the petroleum levy and hike in petroleum prices have severely affected dealers as well as consumers. They blamed oil-marketing companies (OMCs) for capping oil supplies. As a result, retail outlets are facing problems in obtaining the required quantity of oil products, drying up many pumps. They said the petroleum dealers have been urging the government for the last two year...

‘Every day I can see missiles, hear explosions,’ says sailor stuck in Gulf amid Iran war

“I am worried,” a sailor stuck in the Gulf told AFP on Friday, his vessel unable to pass through the Strait of Hormuz , blocked for nearly two weeks after US-Israeli strikes on Iran. “Every day on the ship, I can see missile launches and hear explosions, making me feel like I was in danger,” said Wang Shang, 32. Wang, a Chinese national from the landlocked central province of Henan, works on a foreign ship used to transport liquefied petroleum gas sourced from the energy-rich region. Since navigation in and out of the Gulf essentially came to a halt, Wang has shared his experiences by posting videos on Douyin, the Chinese domestic version of TikTok. “We cannot leave at present,” he said. “If we wanted to depart now, it would be impossible.” In one video from February 28 — the day that the United States and Israel launched the war — the ship’s receiver is shown as the strait is declared shut by Iranian authorities. “Attention all ships, this is Iran’s Islamic Revolutionary Gua...

Indian PM Modi unveils investments in tour of states ahead of polls

Indian Prime Minister Narendra Modi visited Assam on Friday, announcing multi-billion-dollar investments as part of a tour of states heading into elections, including the key political battleground of West Bengal. The Hindu nationalist leader launched infrastructure projects in Assam — including land holdings to tea plantation workers, a dam project and a major train and road corridor — worth over $5 billion. The northeastern state of about 32 million people is controlled by his right-wing Bharatiya Janata Party (BJP). On Saturday, Modi will visit neighbouring West Bengal, a state of 105 million people led by his political rival Mamata Banerjee, of the All India Trinamool Congress party. During the visit, he is expected to inaugurate “road infrastructure, railways, port and shipping” projects worth roughly $2 billion, which his office says are aimed at “accelerating economic growth”. State elections this year will be held in the southern states of Kerala and Tamil Nadu, both ...

PML-N’s Nehal Hashmi to be sworn in as Sindh governor today

PML-N leader Nehal Hashmi will be sworn in as the new governor of Sindh, following his surprise appointment a day earlier, Radio Pakistan reported on Friday. Hashmi will be sworn in as the governor in Karachi today. Sindh High Court Chief Justice Zafar Ahmed Rajput will administer his oath. On Thursday, President Asif Ali Zardari approved Hashmi’s appointment as Sindh governor, hours after it was announced that Prime Minister Shehbaz Sharif recommended his appointment to the post previously held by MQM’s Kamran Tessori. A brief statement issued by the PM Office said that PM Shehbaz met Hashmi at the PM House and decided to nominate him as the governor of Sindh. Hashmi is a veteran politician who last served as a PML-N senator after his election in March 2015. However, a controversial speech the PML-N senator made in May 2017 landed him in hot water, culminating in his disqualification in February 2018. The surprise move to appoint Hashmi has drawn a strong reaction from ally ...

How airlines have hedged against fuel price increases

Higher oil prices due to the Iran war are increasing prices of jet fuel, which accounts for a big portion of airlines’ costs. Brent crude oil rose near $100 per barrel on Thursday on worries about disrupted supply. Spot Northwest European jet fuel prices were at $1,536 per metric tonne on Thursday, trading near an all-time high of $1,633 they reached intra-day on Monday. Some airlines use futures and options to hedge against price increases. They also try to hedge against value changes in the US dollar, in which jet fuel is priced. US airlines, which abandoned the practice of hedging against fuel costs, could be the hardest hit if the war is prolonged. Below is a summary of how some of the world’s largest airlines are hedged: Air France-KLM: The Franco-Dutch group said in February it had adjusted its fuel hedging policy to increase its total exposure over one year consumption to 87 per cent from 68pc. It said it had extended its hedging horizon to eight quarters from six and inc...

Foreign hacker in 2023 compromised Epstein files held by FBI, source and documents show

A foreign hacker compromised files relating to the FBI’s investigation of the late sex offender Jeffrey Epstein during a break-in at the bureau’s New York Field Office three years ago, according to ​a source familiar with the matter and recently published Justice Department documents reviewed by Reuters . The details of who accessed a server at the FBI’s New York Field Office, ‌including the allegation that a foreign hacker was involved, are being reported here for the first time. In a statement, the FBI said what it described as a “cyber incident” was “an isolated one”. “The FBI restricted access to the malicious actor and rectified the network. The investigation remains ongoing, so we do not have further comments to provide at this time.” Although the source said the intrusion appeared to have been carried out by a cybercriminal rather than a foreign government, ​the incident underscores the files’ potential intelligence value, one academic said. The legally mandated publication...

The violence of liberation: How war is sold through the language of women’s rights

In contemporary international politics, the language of gender equality has increasingly appeared within the moral vocabulary of war over the past few decades. Western governments and political commentators have framed military interventions as necessary not only for security but also for the protection of women and girls in societies portrayed as oppressive or patriarchal. This discourse presents intervention as a form of humanitarian responsibility. Yet when the material consequences of such interventions are examined, a profound contradiction emerges. The recent bombing of a girls’ elementary school in Tehran during the US and Israeli strikes demonstrates this contradiction with stark clarity. When schoolchildren become casualties of imperial wars rhetorically justified through the language of women’s liberation, the ethical foundations of such claims demand serious scrutiny. The politics of “saving” Muslim women The use of women’s rights as a moral justification for military ...