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• Targeted subsidy for two-, three-wheelers on the anvil • Jet fuel, kerosene prices rise quietly, but dramatically • Rising jet fuel costs push up domestic, international fares by 30-40pc • Passenger volumes on Gulf routes drop; Europe-bound travellers face limited routes, exorbitant prices • Exporters sound alarm over rising air cargo rates ISLAMABAD: Amid a sharp rise in jet fuel and kerosene prices, the government is considering unfreezing prices of other petroleum products to reflect global trends, while introducing targeted subsidies for two- and three-wheelers. While petrol and high-speed diesel prices have been kept unchanged in recent weeks, the rates of jet fuel (JP-1) and kerosene have been increased without formal announcement. Official rates seen by Dawn suggest JP-1 prices were raised by Rs84 per litre, or 21.65 per cent, to Rs472 from Rs388 per litre with effect from March 21. Since March 1, the price has surged by nearly 150pc from Rs190 per litre. Similarly, ...

ISLAMABAD: A group of clerics from Pakistan and Afghanistan on Tuesday appealed to the authorities on both sides to extend the pause in hostilities — which was announced for Eidul Fitr — to Eidul Azha. In Pakistan, the announcement was made by Information Minister Attaullah Tarar on March 18, three days before Eidul Fitr. “In view of the upcoming Islamic festival of Eidul Fitr, upon its own initiative as well as on the request from the brotherly Islamic countries of the Kingdom of Saudi Arabia, the State of Qatar and the Republic of Turkiye, the government of Pakistan has decided to announce a temporary pause amidst ongoing Operation Ghazab lil-Haq against terrorists and their support infrastructure in Afghanistan,” Tarar had posted on X. The minister said the pause would be applicable from midnight March 18-19 to midnight March 23-24. Pakistan had launched Operation Ghazab lil-Haq on the night of Feb 26 following cross-border firing by the Afghan Taliban. Eleven Pakistani and as...

JAKARTA: Indonesia’s president, under fire at home for signing up to US counterpart Donald Trump’s so-called “Board of Peace ”, has insisted his country would not pay the $1 billion joining fee for permanent membership. Jakarta had only committed peacekeeping troops for the initiative, Prabowo Subianto said in a statement published on the presidential YouTube channel on Sunday. The “Board of Peace” came together after the Trump administration, teaming up with Qatar and Egypt, negotiated a ceasefire in October to halt two years of devastating war in Gaza. Countries that want to be permanent members must pay $1 billion — sparking criticism the board could become a “pay-to-play” version of the UN Security Council. Jakarta has only committed peacekeeping troops for initiative, says Indonesian president Prabowo, a former general, has come under criticism from Indonesian Muslim groups for joining the board and pledging to send 8,000 peacekeeping troops to Gaza. Prabowo attended t...

AFTER a joint US-UK military base on Diego Garcia island in the Indian Ocean was targeted by two long-range missiles, there are conflicting claims about who fired the projectiles, which reportedly had a range of 4000km and were successfully intercepted. Reports indicate that one missile failed mid-flight, while the other was intercepted by a US warship before reaching the island. According to an Al Jazeera report, the incident happened just hours before UK ministers were to assemble in London to discuss the Iran war. At the meeting, the UK agreed to let the US use its military bases for collective self-defence, it reported. The UK condemned what it described as “reckless” Iranian actions after missiles, while Iran denied carrying out the attack. However, a senior Iranian official told Al Jazeera that Tehran was not responsible for the alleged missile launch. Earlier this month, Iran’s foreign minister said that Tehran kept its missile range under 2000km because it did not want t...

THE LAST CONVERSATION It was December 2007. A chill had begun to descend over Islamabad, and over Pakistan’s democracy. The country was just weeks away from general elections that had been agreed to between Gen Musharraf and Benazir Bhutto, after torturous negotiations laid down in the ‘Memorandum of Understanding.’ Having returned from exile, Benazir Bhutto was navigating a minefield of threats, both political and personal. But that cold evening, she made time for a quiet dinner with the former prime minister, Mian Nawaz Sharif, at Zardari House in Islamabad. It was in a highly friendly setting. The dinner meeting was consequential, as the Charter of Democracy signed between the two just a year ago had buried the hatchet from the 1990s, when the two parties were at each other’s throats while taking turns forming governments. It was also consequential as it was their last conversation — the one in which both poured out their hearts as never before. But it was most consequential for ...

President Asif Ali Zardari on Sunday called on India to immediately restore full implementation of the Indus Waters Treaty (IWT) in accordance with international obligations. In a message on World Water Day, President Zardari reiterated Pakistan’s strong condemnation of the unilateral suspension of the treaty by India. “This deliberate weaponisation of shared water resources is a matter of deep concern. India’s decision to place the treaty in abeyance, disrupt hydrological data-sharing, impede agreed mechanisms and undermines both the letter and spirit of a long-standing international agreement that has governed equitable sharing of the Indus river system for over six decades,” he said. “Such conduct threatens food and economic security, jeopardises the livelihoods of millions who depend on these waters and sets a dangerous precedent for the management of transboundary resources under international law,” he said. The IWT, brokered by the World Bank in 1960, allocates the three wes...

Rescuers were searching for the crew and passengers of a Qatari military helicopter that crashed in the Gulf state’s waters after a “technical malfunction”, the government said early Sunday. “A Qatari helicopter had a technical malfunction during a routine duty, which led to its crash in the regional waters of the state,” Qatar’s defence ministry said in a statement posted to X. “Searching operation for its crew members and passengers is in progress,” it said. The interior ministry said that several specialised teams have been deployed. Qatar has not specified where the helicopter was flying or the number of people on board. While Qatar has been targeted by several strikes since the start of the Middle East war, no connection has been made between this chopper and the conflict triggered by US-Israeli attacks on Iran. from Dawn - Home https://ift.tt/iUT3NIa