Asia pivots to coal as ME conflict chokes LNG

[ . KARACHI/SINGAPORE: Asian utilities are boosting coal-fired power generation to cut costs and safeguard energy supply, industry officials say, as the US-Israeli war on Iran chokes liquefied natural gas (LNG) shipments and soaring prices threaten to suppress LNG demand. Asia spot LNG prices have doubled to three-year highs in the second major supply shock … Read more

India arrests 7 foreigners

. NEW DELHI: Indian investigators have arrested seven foreigners, including six Ukrainians and an American, on suspicion of illegally crossing into neighbouring Myanmar to train armed militia groups, the public radio broadcaster reported on Tuesday. Myanmar descended into civil war after a junta seized power in a 2021 coup, with pro-democracy guerrillas and ethnic-minority armed … Read more

Govt to review tax relief for hybrid EVs

[ Industry players point to proposals to increase sales tax on HEVs and PHEVs from 8.5% to 18% An expert said that hybrid vehicles would help Pakistan in reducing oil import bills and save foreign exchange. Photo: File ISLAMABAD: Pakistan’s automobile industry, shaped largely by fiscal incentives over the past decade, may be approaching another … Read more

UN sees ‘ethnic cleansing’ in West Bank

Says ‘unprecedented’ 36,000 Palestinians displaced in one year by settlers’ violence A woman carrying a child speaks with another boy as they walk with other people past the rubble of destroyed buildings in the centre of Khan Yunis in the southern Gaza Strip. Photo: AFP GENEVA: The UN on Tuesday urged Israel to immediately halt … Read more

Rising yields to hit banks’ capital buffers

[ Money, prize bonds and other items were seized from Mal’s home. PHOTO: COURTESY NAB KARACHI: Rising bond yields are expected to erode banks’ securities revaluation surpluses in the coming months, potentially putting pressure on capital ratios across Pakistan’s banking sector. Optimus Capital Management noted that yields on government securities had risen sharply in recent … Read more

‘KPop Demon Hunters’ brings fans to Seoul

kpop demon hunter

Animated film’s real-life settings now pilgrimage sites for fans of Netflix’s most-watched original film of all time KPop Demon Hunter. SEOUL: Australian visitor Nhung Nguyen made the hike up steep steps to a stunning Seoul park precisely because of its star turn in mega-hit “KPop Demon Hunters”. The real-life settings of the animated film, fresh … Read more

45 million more ‘face hunger’

. WFP deputy executive director Carl Skau. Photo: file GENEVA: An extra 45 million people could face acute hunger if the Middle East war rages on beyond June, swelling the number worldwide to a “terrible” high, the United Nations warned Tuesday. The war, now in its third week, and its shockwaves on food and fuel … Read more

IMF to set tax benchmarks for FBR

[ ISLAMABAD: The International Monetary Fund (IMF) may impose three more conditions on Pakistan to ensure target-based tax collection against some enforcement measures, which have largely remained on paper and could not yield additional revenues. Government sources told The Express Tribune that the IMF has proposed two to three new structural benchmarks for monitoring the … Read more