DP World and NLC have launched a weekly feeder service between Dubai’s Jebel Ali Port and Karachi. This initiative marks a major milestone in Pakistan’s shipping and maritime trade. The service aims to enhance the movement of containers between the two cities efficiently.
The inauguration event took place at Port Qasim. Sultan Ahmed bin Sulayem, Group Chairman and CEO of DP World, officially launched the service. Senior officials from DP World, NLC, and Port Qasim also attended the event.
Key Features of the Service
The feeder service promises cost-effective and time-saving container transport. Containers will move seamlessly from Jebel Ali Port to Karachi, ensuring faster delivery. This service will help traders save time and reduce logistical costs.
Sources highlight that this service will generate significant foreign exchange for Pakistan. It will facilitate transshipment and maritime trade in the region. Businesses in Pakistan will gain better access to global markets.
The new feeder service aims to simplify business operations for traders. DP World emphasized its commitment to providing reliable and fast delivery. This will improve ease of doing business in Pakistan and strengthen the supply chain.
Regional Economic Impact
The service is expected to boost regional economic activities. It will promote trade efficiency and improve connectivity with global markets. Economic experts believe this will enhance Pakistan’s standing in maritime trade.
The launch of the feeder service is part of a larger vision to strengthen Pakistan’s shipping infrastructure. DP World and NLC plan to explore more opportunities for collaboration. Expansion of this service to other ports may follow in the future.
Arsenal claimed a hard-fought 2-1 victory against Tottenham Hotspur in the Premier League at the Emirates Stadium, marking their third consecutive derby win. With goals from Leandro Trossard and a Dominic Solanke own goal, Arsenal secured the crucial three points to reduce the gap to league leaders Liverpool.
Early Struggles for Arsenal
The match began with Arsenal dominating possession, driven by the electric atmosphere created by home supporters. Tottenham, struggling for form with just one win in their previous eight matches, looked shaky. Arsenal pressed high, with Trossard coming close to breaking the deadlock, only to see his shot blocked. Despite their dominance, Arsenal failed to convert early chances.
Tottenham capitalized on a rare opportunity in the 24th minute. A Pedro Porro corner led to Son Heung-min scoring through a deflected shot, giving Spurs an unexpected lead. It marked Son’s eighth goal in a North London Derby, silencing the home crowd momentarily.
Arsenal’s Swift Comeback
The Gunners responded with determination. In the 39th minute, a corner from Declan Rice created chaos in Tottenham’s defense. Gabriel’s presence at the back post forced Solanke into an own goal, leveling the score. The Emirates erupted with joy.
Just four minutes later, Arsenal completed the turnaround. A strong challenge from Thomas Partey allowed Martin Ødegaard to release Trossard with a precise pass. The Belgian sprinted into the box and drilled a low shot past Spurs’ goalkeeper Antonín Kinsky, giving Arsenal a 2-1 lead.
Arsenal controlled the game in the second half, pushing for a third goal. Kai Havertz came close on multiple occasions, heading just wide and testing Kinsky with a powerful effort. Young defender Lewis Myles-Skelly impressed in his derby debut, showcasing composure beyond his years while contributing defensively and offensively.
Despite Arsenal’s dominance, Kinsky kept Spurs in the game with crucial saves. Declan Rice and Ødegaard saw their efforts denied, while Kieran Tierney’s late pass to Ødegaard ended with a shot wide of the target.
Nervous Finish
Tottenham offered little threat throughout the second half but came close to equalizing in stoppage time. Porro’s tight-angle shot struck the post, giving Arsenal fans a late scare. However, the Gunners held firm to secure the win, extending their unbeaten league run to 11 matches.
Key Facts
Arsenal completed a Premier League double over Spurs for the fifth time, highlighting their dominance in recent derbies.
Tottenham has now lost 11 league games this season, the joint-most at this stage in their Premier League history.
Arsenal remains the most prolific team from set-pieces, with 26 corner goals since last season, four of which came against Spurs.
Looking Ahead
Arsenal now shifts focus to their upcoming fixtures, hosting Aston Villa on Saturday and Dinamo Zagreb in the Champions League next week. With momentum on their side, the Gunners aim to maintain pressure on Liverpool and continue their impressive form.
Pakistan’s foreign exchange reserves saw an increase of $73.1 million, bringing the total reserves to $16.45 billion. This rise, attributed to a surge in remittances, reflects a positive shift in the country’s economic stability and forex management.
Weekly Growth in Reserves
According to the State Bank of Pakistan (SBP), the country’s total reserves grew from $16.378 billion to $16.459 billion during the week ending January 10. The central bank’s reserves rose by $29.8 million, reaching $11.725 billion, up from $11.695 billion. Similarly, reserves held by commercial banks recorded a $43.3 million increase, climbing to $4.725 billion from $4.682 billion.
Key Factors Behind the Increase
The rise in foreign exchange reserves this week was primarily driven by a notable increase in remittances from overseas Pakistanis. Remittances play a critical role in bolstering the country’s forex reserves, providing a consistent and reliable source of foreign currency inflow.
This improvement comes at a crucial time as Pakistan aims to strengthen its external financial position and maintain stability in its foreign exchange market.
Foreign exchange reserves are vital for maintaining the stability of the national currency and managing external debt obligations. They serve as a buffer against economic shocks and help the central bank intervene in the forex market to stabilize the exchange rate when needed.
Positive Implications for the Economy
An increase in reserves not only boosts investor confidence but also enhances the country’s ability to meet its financial obligations. It provides the government with greater flexibility in managing trade deficits and addressing external challenges.
The surge in remittances, which contributed significantly to this growth, underscores the importance of Pakistani expatriates in supporting the economy. Encouraging formal channels for remittances and implementing policies to facilitate smoother transfers can further enhance forex inflows.
Outlook on Future Reserves
While the recent increase is a positive development, sustaining and building upon this momentum is essential. Continued growth in exports, remittances, and foreign investments, along with prudent fiscal and monetary policies, will be key to strengthening Pakistan’s foreign exchange reserves further.
The State Bank’s commitment to maintaining a stable forex environment remains critical as the country navigates through global economic challenges. Building a robust reserve position will not only stabilize the economy but also enable Pakistan to better respond to unforeseen economic pressures.
Strengthening Economic Foundations
This week’s growth in foreign exchange reserves highlights the potential for steady improvement in Pakistan’s economic indicators. It also reinforces the importance of leveraging remittances and other inflows to create a sustainable foundation for long-term financial stability.
A devastating boat disaster off the coast of Morocco has claimed the lives of at least 50 migrants, including 44 Pakistanis, according to the migrant rights group Walking Borders. This heartbreaking incident highlights the dangerous journey many undertake in search of a better life, emphasizing the urgent need to combat human trafficking and improve migrant safety.
Deadly Voyage to Spain
The boat, carrying 86 migrants, including 66 Pakistanis, departed Mauritania on January 2, attempting to reach Spain’s Canary Islands. After being lost at sea for several days, Moroccan authorities rescued 36 survivors near the Dakhla port on Wednesday. Tragically, the remaining passengers are feared dead.
Walking Borders, a Madrid-based migrant rights organization, raised the alarm six days before the rescue, urging authorities in multiple countries to intervene. The NGO Alarm Phone also contacted Spain’s maritime rescue service but reported no immediate action or information.
This incident is part of a growing crisis along the Atlantic migration route, where thousands risk their lives every year to reach Europe. In 2024, Walking Borders documented 10,457 migrant deaths—an average of 30 per day—most occurring on this perilous journey.
The Canary Islands have become a key destination for migrants from West African countries like Mauritania and Senegal. However, the route remains fraught with danger, and the Atlantic Ocean continues to claim countless lives.
Helena Maleno, CEO of Walking Borders, described the ordeal as a 13-day journey of immense suffering and anguish. She confirmed that 44 of the deceased were Pakistani nationals.
Calls for Urgent Action
The tragedy has sparked widespread outrage and demands for action. Fernando Clavijo, the regional leader of the Canary Islands, expressed sorrow over the loss of life and urged Europe to take decisive measures.
“The Atlantic cannot continue to be the graveyard of Africa,” Clavijo said, calling for coordinated efforts to prevent future disasters and address the humanitarian crisis.
Pakistan’s Response
Prime Minister Shehbaz Sharif expressed profound grief over the incident, which he described as a heartbreaking loss for Pakistan. He demanded a detailed report on the tragedy and ordered strict action against those involved in human trafficking.
In a statement, the Prime Minister extended condolences to the victims’ families and assured that negligence in addressing such crimes would not be tolerated. He emphasized the need for stringent measures to combat human trafficking.
Embassy Assists Survivors
The Ministry of Foreign Affairs confirmed the deaths of several Pakistanis in the accident and stated that the Pakistani embassy in Morocco is actively assisting survivors. However the embassy has established contact with local authorities and reported that survivors are residing in a camp near Dakhla.
The Foreign Ministry activated its Crisis Management Unit and dispatched a team to provide support. Deputy Prime Minister Ishaq Dar directed relevant authorities to ensure all possible help for affected families.
A Growing Humanitarian Crisis
This tragedy underscores the urgent need for global efforts to tackle human trafficking and improve migrant safety. As more lives are lost at sea, the call for action becomes ever more pressing. In conclusion addressing the root causes of migration and ensuring safer alternatives are critical to ending these preventable tragedies.
The United Arab Emirates (UAE) has extended the maturity of its two deposits worth $1 billion each, held in the State Bank of Pakistan. These deposits, originally set to mature in January 2025, will now be rolled over for an additional year. This move highlights the UAE’s support for Pakistan during its ongoing economic recovery efforts.
A Boost for Pakistan’s Economy
The extension of these deposits is a significant step for stabilizing Pakistan’s economy. By rolling over the $2 billion deposits, the UAE has demonstrated its commitment to strengthening economic ties with Pakistan. This decision will provide Pakistan with much-needed breathing space to shore up its foreign exchange reserves.
Pakistan’s economy has faced challenges in recent years, including a balance of payments crisis and declining reserves. The rollover of these funds offers a timely boost, helping to improve the country’s liquidity and financial stability.
Strengthened Economic Ties
The UAE’s decision reflects the deep-rooted economic and diplomatic relationship between the two nations. Pakistan and the UAE have long shared close ties in trade, investment, and labor. This move reinforces the trust and cooperation between the two countries.
The UAE’s financial support is seen as a vote of confidence in Pakistan’s economic potential. It also highlights the importance of regional cooperation in addressing financial challenges.
Positive Signal for Investors
This rollover sends a strong message to international investors and financial institutions. It signals that Pakistan is making progress toward economic stability despite recent difficulties. Such moves can improve market sentiment and attract further investments into the country.
The extended deposits will also help Pakistan meet its foreign payment obligations. By ensuring stable reserves, the country can better manage imports, control inflation, and maintain a stable exchange rate.
Road Ahead for Pakistan
While the UAE’s decision provides temporary relief, Pakistan must focus on long-term solutions for economic stability. Structural reforms, increased exports, and reduced fiscal deficits are crucial for sustained growth.
The rollover of $2 billion is a positive step, but it also underscores the need for Pakistan to reduce reliance on external funding. Building a resilient economy requires self-sufficiency and sustainable growth strategies.
Tanzania has firmly denied a new Marburg virus outbreak in its north-western Kagera region, refuting reports by the World Health Organization (WHO). The Marburg virus, known for its deadly and highly infectious nature, has raised alarms after WHO suggested possible cases. However, Tanzanian authorities confirmed all suspected cases tested negative, emphasizing the country’s preparedness in monitoring and controlling diseases.
WHO Raises Alarm
The WHO reported nine suspected cases of Marburg in Kagera over five days, including eight deaths. This raised fears of a resurgence following Tanzania’s first outbreak in March 2023, which claimed six lives. On Wednesday, WHO Director-General Tedros Adhanom Ghebreyesus warned of potential further cases as surveillance improves in the region.
Tanzania Responds with Assurance
Tanzania’s Health Minister, Jenista Mhagama, countered these concerns, stating that laboratory analyses ruled out Marburg virus infections. She reaffirmed the government’s commitment to transparent communication and emphasized strengthened surveillance systems to address potential health risks effectively.
“We assure international organizations, including WHO, that we will keep them updated on any developments,” Mhagama said, highlighting the country’s readiness to handle health emergencies.
The Marburg virus, similar to Ebola, causes severe illness with symptoms like fever, muscle pain, vomiting, diarrhea, and, in some cases, death due to extreme blood loss. On average, the virus has a fatality rate of 50%, according to WHO data. Transmission occurs through contact with fruit bats or bodily fluids of infected individuals. Currently, there are no specific treatments or vaccines, although clinical trials are ongoing.
Regional Risk of Spread
Kagera, a significant transit hub bordering Uganda, Rwanda, Burundi, and the Democratic Republic of the Congo, poses a high risk for disease spread. However, WHO assessed the global risk as low, stating there was no need for travel or trade restrictions with Tanzania.
Despite the denial of an outbreak, WHO emphasized the importance of vigilance, noting that healthcare workers and other patients were under observation in the region. Rapid response teams were deployed to investigate suspected cases and contain any possible spread.
Tanzania’s Previous Experience
Tanzania’s first encounter with Marburg in 2023 lasted nearly two months. The outbreak, concentrated in Bukoba district, led to swift containment measures that prevented further escalation. This experience has bolstered the country’s health response capacity and reinforced its readiness to manage future health threats.
Broader Context
The recent reports come amid heightened sensitivity to regional health risks, with neighboring Rwanda declaring its Marburg outbreak over in December. That outbreak infected 66 people and claimed 15 lives.
Moving Forward
Tanzania’s proactive denial of a Marburg outbreak reflects its focus on maintaining public confidence and international cooperation. The government’s emphasis on disease surveillance, coupled with WHO’s regional engagement, highlights the ongoing efforts to safeguard public health.
As health authorities remain vigilant, collaboration between governments, international organizations, and local communities will play a crucial role in addressing potential health emergencies and ensuring regional stability.
Artificial intelligence (AI) is emerging as a transformative force in addressing climate change while unlocking economic potential. As the global economy grapples with environmental crises, AI’s ability to optimize complex systems, accelerate innovation, and drive low-carbon technologies offers a unique opportunity to align economic growth with sustainability. With annual investments of $4 trillion needed by 2030, AI can catalyze the climate transition and foster inclusive growth.
Transforming Complex Systems
AI excels at optimizing interconnected systems like energy, transport, and cities. In the power sector, it boosts grid stability and renewable energy integration by predicting supply and demand patterns. For instance, DeepMind’s wind energy optimization has increased the economic value of renewables by 20%. These advancements are especially crucial in emerging economies with infrastructure gaps and significant renewable potential.
Achieving net-zero emissions requires not just scaling existing solutions but also creating new technologies. Nearly half of emissions reductions by 2050 depend on innovations still under development. AI accelerates discovery, as seen in breakthroughs like AlphaFold, which has unlocked advancements in alternative proteins and energy storage. This rapid pace of innovation can significantly reduce the timeline for sustainable technologies.
Driving Behavioral Change
AI empowers individuals to make sustainable choices. Tools like Google Maps’ eco-friendly routing suggest optimal routes that reduce emissions without increasing travel time. This feature alone has prevented over one million tonnes of CO2 emissions annually, equivalent to removing 200,000 cars from the roads in select regions.
Enhancing Climate and Policy Models
AI refines climate predictions and policy evaluations. Platforms like IceNet and Google’s FloodHub analyze vast datasets in real-time, offering early warnings for natural disasters. AI also models the impact of policies like carbon pricing, enabling governments to design effective strategies for emission reductions.
Strengthening Adaptation and Resilience
AI enhances resilience by improving long-term adaptation strategies. For example, it enables precise drought forecasting and canopy water content analysis, helping governments identify vulnerable regions and invest in risk mitigation. This fosters stability and security in the face of climate impacts.
Quantifying AI’s Climate Impact
AI’s influence spans critical sectors like power, food, and mobility, which together account for half of global emissions. By improving efficiency and accelerating low-carbon technology adoption, AI could cut annual emissions by 3-6 gigatonnes of CO2-equivalent by 2035. While AI itself contributes to emissions through increased energy demands, its net impact remains overwhelmingly positive when coupled with renewable-powered data centers and energy-efficient algorithms.
Collaboration for a Sustainable Future
Maximizing AI’s potential requires coordinated efforts from governments, businesses, and civil society. Investments in AI infrastructure, skills, and equitable deployment, particularly in emerging economies, are crucial. Regulatory frameworks must address AI’s energy use while promoting renewable solutions.
With intentional action, AI can drive the global climate transition while reducing inequalities and fostering inclusive growth. The question is no longer whether AI can contribute but whether we will act decisively to harness its potential for a sustainable, equitable future.
Israeli Prime Minister Benjamin Netanyahu has delayed the cabinet vote on the highly anticipated ceasefire deal, citing last-minute disputes with Hamas. The agreement, initially set to take effect on January 19, has sparked both hope and intensified conflict in Gaza. Since the announcement, Israeli airstrikes have killed at least 81 Palestinians, with Gaza’s Health Ministry reporting a significant number of women and children among the casualties.
Ceasefire Deal Hits Roadblocks
The ceasefire agreement, brokered with the involvement of Qatar and the United States, was expected to bring relief to Gaza and Israel. However, Netanyahu accused Hamas of reneging on key terms, creating a “last-minute crisis.” As a result, the Israeli cabinet meeting to ratify the deal has been postponed. Netanyahu stated that the cabinet would only convene once mediators confirm Hamas’s acceptance of all terms.
Despite the setback, international mediators, including Israel’s Mossad chief David Barnea, remain in Doha to resolve disputes. Hamas, meanwhile, has denied accusations of backtracking, asserting its commitment to the deal.
In the wake of the delayed agreement, Israeli forces have intensified attacks across Gaza. Among the dead are at least 20 people killed in an airstrike on Jabalia city. Many remain trapped under rubble, and hospitals are overwhelmed with casualties. Zaher al-Wahedi of Gaza’s Health Ministry reported that half of the fatalities are women and children.
The humanitarian crisis in Gaza continues to deteriorate. The World Health Organization (WHO) has facilitated the evacuation of 12 critical patients to Europe for specialized medical care, emphasizing the urgent need for sustained ceasefire efforts. WHO Chief Tedros Adhanom Ghebreyesus highlighted that over 12,000 people in Gaza require lifesaving medical attention outside the enclave.
International Responses
Global powers have reacted cautiously to the unfolding situation. Russia welcomed the ceasefire as a potential step toward stability but urged patience until its terms are finalized. Similarly, the European Union has announced a $123.5 million aid package for Gaza, focusing on food, healthcare, and shelter.
US Secretary of State Antony Blinken expressed mixed sentiments, claiming Israel had achieved its objective of weakening Hamas but acknowledged the group’s ability to recruit new fighters. The situation remains fluid as international stakeholders call for a resolution to alleviate the humanitarian disaster.
Next Steps for the Ceasefire
If finalized, the ceasefire deal outlines several key measures over the next three months. These include increased humanitarian aid to Gaza, a gradual withdrawal of Israeli forces, and the exchange of Israeli captives for Palestinian prisoners. However, the escalating violence casts doubt on the implementation of these steps.
The coming days will be critical as negotiators work to salvage the agreement. For now, Gaza’s residents continue to endure the devastating consequences of delayed diplomacy and ongoing conflict.
Multan Sultans owner Ali Tareen has stepped in to offer fast bowler Ihsanullah a chance to regain his form after being overlooked in the PSL 10 player draft. Ihsanullah, once a standout performer in the Pakistan Super League, will now train intensively at the Multan Sultans Academy in Lodhran, aiming for a strong return to competitive cricket.
Road to Recovery
Ihsanullah will represent the Multan Sultans’ departmental team, JDW, in the upcoming President Cup Grade 2 tournament. This opportunity provides a platform to regain his fitness and refine his skills. Scheduled to play during April and May, the pacer will also utilize the Multan Sultans’ world-class facilities to prepare for a potential comeback to the PSL.
Ali Tareen emphasized his dedication to nurturing Ihsanullah’s talent, describing the bowler as a rare asset to Pakistan cricket. “Fast bowlers like Ihsanullah are born once in a generation. They require support and protection,” said Tareen. He reassured that Multan Sultans would provide every resource necessary to restore Ihsanullah’s peak performance.
Under the guidance of fast bowling coach Catherine Dalton, Ihsanullah will undergo rigorous training at the academy.
Emotional Setback
Ihsanullah initially announced his retirement from the PSL after being snubbed during the draft. Disappointed by the lack of interest from franchises, the 22-year-old made the decision in frustration. However, he later clarified that it was an emotional response.
“I made the statement in the heat of the moment,” Ihsanullah explained. “I was upset with the situation and my family’s reaction, but I won’t make that mistake again. My focus is now on working hard and proving myself worthy of selection.”
Past Success and Future Goals
Ihsanullah gained recognition during PSL 8, where he showcased his talent with impressive performances. Taking 22 wickets at an average of 15.77 and maintaining an economy rate of 7.59, he established himself as a rising star in Pakistan’s cricket scene. Despite concerns over his speed, Ihsanullah remains consistent, bowling at an average of 135 km/h.
Expressing gratitude for Multan Sultans’ continued support, Ihsanullah said, “This franchise has always stood by me, and I’m thankful for their belief in my abilities. However i will give my best to make a strong comeback.”
A New Chapter
With the backing of Ali Tareen and Multan Sultans, Ihsanullah is determined to overcome setbacks and rebuild his career. His journey from frustration to renewed determination highlights the importance of resilience in sports. As he prepares for the President Cup and intensive training, the young pacer’s story serves as an inspiration for aspiring cricketers striving to make their mark on the game.
Imran Khan, Pakistan Tehreek-e-Insaf (PTI)’s founding chairman, has welcomed the meeting between PTI Chairman Barrister Gohar Ali Khan, Khyber-Pakhtunkhwa Chief Minister Ali Amin Gandapur, and Chief of Army Staff General Asim Munir. The Peshawar meeting, aimed at addressing pressing political and security concerns, was seen as a step toward national stability.
Imran’s Guidance Shapes Talks
After visiting Imran Khan at Adiala Jail, Barrister Gohar spoke informally with the media, stressing that all PTI actions align with Imran’s directives. He assured that details of any meetings would only be disclosed with Imran’s approval. Gohar called the dialogue with General Munir a positive development for addressing Pakistan’s ongoing challenges.
Key Demands Raised
During the meeting, Gohar and Gandapur presented PTI’s primary demands, including the formation of a judicial commission to investigate two significant incidents. Gohar emphasized PTI’s commitment to dialogue, highlighting that progress in discussions would benefit the country’s stability.
“We have always been open to dialogue, while others have closed their doors,” Gohar stated, underscoring the importance of finding common ground for Pakistan’s future.
The meeting focused on security issues, with both Gohar and Gandapur expressing concerns about regional stability. While the talks yielded positive momentum, tensions arose between Khyber-Pakhtunkhwa leaders over funding allocations for counterterrorism.
CM Gandapur and Governor Faisal Karim Kundi clashed over the use of Rs500 billion, with Gandapur accusing Kundi of spreading misinformation. The exchange escalated further when ANP leader Aimal Wali Khan alleged that the provincial government harbored Taliban elements. Gandapur defended his role in the Afghan Jihad and called for transparency regarding these accusations.
Despite the disagreements, General Munir and other political leaders worked to steer the discussion back to regional security priorities.
Call for Parliamentary Action
Barrister Gohar urged that security challenges be addressed at the national level, stressing the importance of involving Parliament in these critical discussions. He underscored the need for a unified approach to tackle the ongoing threats facing Pakistan.
Post-Meeting Developments
Following the Peshawar meeting, Gohar proceeded to Parliament House to meet Omar Ayub, the head of PTI’s Negotiation Committee. During their discussion, Gohar delivered a special message from Imran Khan, further shaping the party’s next steps in negotiations.
Reports suggest Omar Ayub may hold a press conference soon to outline the progress and future direction of PTI’s talks.
A Step Toward Stability
The Peshawar meeting marked a significant moment for PTI’s leadership and their efforts to navigate the country’s pressing political and security challenges. With Imran Khan’s backing, the dialogue with the army chief offers hope for progress and stability in Pakistan’s volatile landscape.
Bollywood actor Saif Ali Khan was stabbed six times by an intruder who broke into his Mumbai home in the early hours of January 16. The attack occurred around 2:30 AM. Saif was rushed to Lilavati Hospital for immediate medical treatment and is now out of danger.
Attack and Immediate Medical Response
Saif Ali Khan was sleeping when an unknown intruder entered his Bandra residence. According to police, a scuffle broke out between the actor and the intruder when he tried to force his way into the house. During the confrontation, the assailant stabbed Saif six times, with two of the wounds being deep, including one near his spine. The intruder then fled the scene.
Saif was quickly taken to Lilavati Hospital, where he underwent a 2.5-hour neurosurgery, along with plastic surgery. Dr. Niraj Uttamani, COO of Lilavati Hospital, confirmed that Saif is now stable and in recovery. The actor’s team later issued a statement expressing gratitude to the medical team, including Dr. Niraj Uttamani, Dr. Nitin Dange, Dr. Leena Jain, and the hospital staff for their swift intervention.
Police Investigation and Suspect Identified
Mumbai police, along with the Crime Branch, have launched an investigation into the incident. According to authorities, the intruder entered Saif Ali Khan’s house by scaling the wall from an adjacent building. The police have identified a suspect and filed an FIR at the Bandra Police Station.
The investigation is ongoing, with the police interrogating three of Saif’s household attendants. Meanwhile, the Crime Branch has formed 15 teams to search for the attacker. The teams are examining CCTV footage for clues and have started tracking leads both within and outside of Mumbai.
Saif Ali Khan’s wife, Kareena Kapoor Khan, and their family members are reportedly safe. Kareena’s team issued a statement reassuring the public that the rest of the family is doing well. It also asked the media and fans to refrain from speculating and allow the police to conduct their investigations.
The statement further clarified that Saif had a minor injury to his arm, and that he was undergoing medical procedures. Fans and well-wishers expressed their concern on social media, and Saif’s team thanked everyone for their prayers and support.
As Saif Ali Khan continues his recovery, the investigation into the attack moves forward, with the police committed to bringing the attacker to justice.
TikTok plans to shut down its app for U.S. users by Sunday unless the Supreme Court blocks a federal ban set to take effect. The potential shutdown follows the government’s push for TikTok’s ban due to security concerns over its Chinese parent company, ByteDance.
TikTok’s Shutdown Plan
Sources familiar with the matter revealed that TikTok’s shutdown plan differs from the federal law. While the law would block new TikTok downloads from app stores, existing users could continue to use the app for a while. TikTok, however, intends to take a more direct approach.
Users attempting to open the app will see a pop-up message with a link to a website offering information about the ban. The company also plans to provide users with an option to download all their data, allowing them to keep a record of their personal information.
Legal Battle Over the Ban
The proposed ban stems from a law signed by President Joe Biden in April last year. The law mandates that ByteDance sell its U.S. assets by January 19, 2025, or face a nationwide ban. TikTok and ByteDance have challenged the law, claiming it infringes on the U.S. Constitution’s First Amendment, which protects free speech.
The companies are seeking a delay in the law’s enforcement, arguing that it violates constitutional rights. The Supreme Court’s decision on whether to block the ban could significantly impact the company’s future in the U.S.
Potential Impact on U.S. Users
TikTok has warned that if the ban is implemented, up to one-third of its 170 million U.S. users could stop using the platform within a month. The app has become deeply ingrained in American culture, with millions of users relying on it for entertainment, business, and social connections.
The company’s response and legal actions will be critical as the deadline approaches. If the Supreme Court does not intervene, TikTok faces an uncertain future in the United States, and the shutdown could have a major impact on its user base.
The Pakistan Airports Authority (PAA) has refuted claims that a financial bid for outsourcing the operations of Islamabad International Airport has been approved. The PAA issued a statement clarifying that reports regarding the approval of the bid from the T.E.R.G. consortium were “baseless” and “misleading.”
Clarification from the PAA
In its statement, the PAA’s spokesperson emphasized that the outsourcing process is still undergoing legal procedures and has not been finalized. The authority urged the media and other stakeholders to avoid spreading unverified reports. The spokesperson further stressed that premature or inaccurate reporting could cause harm to national matters, and the final decision will be officially communicated once appropriate.
The clarification follows widespread media coverage suggesting that the financial bid had been approved. The PAA reassured the public that no such decision had been made yet, and the process is still ongoing.
The confusion surrounding the outsourcing bid comes after a Turkish consortium, the sole bidder for Islamabad airport’s operations, submitted a financial proposal with a concession fee below the minimum threshold. The consortium, consisting of Terminal Yapi, ERG Insaat, and ERG UK, offered the government 47 percent of its revenue from operations. However, the minimum required concession fee is set at 56 percent, making the bid non-compliant with the stated criteria.
Sadiq ur Rehman, chairman of the bid evaluation committee and deputy director-general of PAA, confirmed that the consortium’s offer fell short of expectations. He further added that the proposal would now be referred to the International Finance Corporation (IFC), a member of the World Bank Group, for further evaluation. The IFC has been advising the government on the outsourcing process.
Pakistan’s Push for Airport Privatisation
This move is part of Pakistan’s broader push to privatize key assets, including major airports, as part of an effort to raise revenue and reduce fiscal pressure. The country is seeking to accelerate privatization as part of a $7 billion program with the International Monetary Fund (IMF), which includes reforms to state-owned enterprises.
In addition to the airport outsourcing initiative, Pakistan also plans to sell a 60 percent stake in the Pakistan International Airlines (PIA), which has been struggling financially. The government hopes that these privatization efforts will help stabilize the economy and generate much-needed funds.
Despite challenges, such as a failed attempt to privatize PIA in October with a single bid well below the asking price, the government remains committed to pushing forward with these reforms to enhance the country’s economic standing. The outcome of the Islamabad airport outsourcing bid will play a significant role in shaping the future of Pakistan’s aviation and privatization strategies.
The federal government has yet to make a final decision regarding the proposed increase in gas tariffs for Captive Power Plants (CPPs). The delay comes despite pressure from various quarters, including the International Monetary Fund (IMF).
Petroleum Division Suggests Gas Supply Disconnection
The Petroleum Division had initially recommended disconnecting gas supplies to CPPs as an alternative to increasing tariffs. However, the IMF rejected this proposal, citing concerns over its potential impact on the country’s energy supply chain. This has left the government in a difficult position, needing to meet IMF conditions without adversely affecting the CPPs.
While the Petroleum Division’s plan has been shelved, the IMF continues to press for a gas tariff adjustment as part of Pakistan’s ongoing economic program. The IMF insists that the increase is necessary to ensure fiscal sustainability. However, this remains a contentious issue, as the government continues to seek a solution that would balance these economic needs with the concerns of the affected industries.
CPPs Strongly Oppose Tariff Increase
Captive Power Plants have strongly opposed any tariff hike. The plants argue that higher gas prices would increase their operational costs, which are already under significant strain. They argue that the current rates are fair and should be maintained. CPPs claim that increasing the tariffs could threaten their ability to continue operations, with some warning of potential shutdowns if the hike goes ahead.
The CPPs have also indicated they will challenge any disconnection of gas supplies in court. While they have expressed willingness to comply with any notified tariff changes, they have made it clear that they will not accept a move that would undermine their businesses.
The government is moving ahead with plans for a gas tariff rebasing, which is expected to take place later this month. The adjustment is part of the government’s commitment to meeting IMF requirements. The proposed increase could see a jump of up to Rs. 1,100 per MMBTU in gas prices for CPPs. These new rates are anticipated to come into effect by February 2025.
Despite the uncertainty surrounding the tariff hike, sources from the Finance Ministry suggest that the final decision will be made soon. The Prime Minister is expected to review the tariff hike summary before making a final determination. This decision will likely have far-reaching consequences for the country’s energy sector and its economic future.
The ongoing debate over gas tariffs reflects the delicate balance the government must strike between fulfilling international obligations and addressing the concerns of local industries. As the situation continues to unfold, all eyes will be on the government’s next steps.
Hundreds of residents were evacuated from the island of Halmahera in Indonesia after Mount Ibu volcano erupted on Wednesday. The eruption sent a smoke column up to four kilometers into the sky. Authorities raised the volcano’s alert status to the highest level, warning of further danger.
Indonesia’s Geological Agency announced the evacuation of around 3,000 people living near the volcano. By Thursday morning, 517 residents from the closest village had been evacuated, with plans to move the rest by afternoon.
Evacuation Efforts Face Challenges
Evacuation efforts began on Wednesday evening but faced delays due to logistical and administrative issues. Heavy rainfall on Thursday further slowed the process. Local disaster management spokesperson Irfan Idrus confirmed that shelters were ready, and a full evacuation of six villages was planned for later in the day.
Trucks lined up in villages to transport residents to safety. However, many residents, accustomed to the volcano’s frequent eruptions, were still going about their daily routines.
“Eruptions happen here often, but this week has been the most intense,” said Rista Tuyu, a 32-year-old resident. She expressed hope that the volcano would calm down soon, allowing life to return to normal.
Volcanic Activity on the Rise
Mount Ibu, one of Indonesia’s most active volcanoes, has shown increased activity since June last year. In January alone, the volcano erupted nine times, following a series of earthquakes.
Officials have established a five to six-kilometer exclusion zone around the peak and advised residents and tourists to avoid the area. Face masks have also been recommended to protect against falling ash.
Halmahera island, home to approximately 700,000 people as of 2022, is part of Indonesia’s Pacific Ring of Fire, an area prone to frequent seismic and volcanic activity.
Past Volcanic Disasters in Indonesia
Indonesia has a history of devastating volcanic eruptions. In November 2024, Mount Lewotobi Laki-Laki on Flores island erupted multiple times, killing nine people and displacing many. Mount Ruang in North Sulawesi also erupted several times last year, forcing thousands to evacuate nearby islands.
As Mount Ibu continues its volatile activity, officials remain on high alert, prioritizing the safety of residents in the affected areas.
Firefighters are making progress in containing wildfires in Los Angeles County, but risks remain high. “We are not out of the woods yet,” Los Angeles Mayor Karen Bass said on Wednesday. Cal Fire warned of “extreme hazards and potential for fire growth.”
The Palisades Fire, the largest in the area, is only 21% contained and has burned 23,713 acres. The deadly Eaton Fire, which has destroyed nearly 7,000 structures, is 45% contained. At least 25 people have died as a result of these fires.
Firefighters, bruised and battered, continue their relentless efforts to control the blazes.
Progress in Containment
Fire crews have seen “tremendous success” in slowing the spread of the fires. However, officials remain cautious. Smoldering hot spots buried in tree roots and bushes pose ongoing threats, requiring continuous monitoring.
The Eaton Fire, burning across 14,117 acres, has shown signs of improvement with 45% containment. Cal Fire officials called the progress “good,” but warned the fight is far from over.
Federal Funding to Aid Recovery
California has received additional federal funding to repair public infrastructure damaged by the fires. The FEMA grant will help with debris removal, as well as rebuilding roads, utilities, and other essential infrastructure.
Red Flag Warnings Expire as Winds Weaken
Most red flag warnings in Southern California have expired as winds have weakened, the National Weather Service reported. The remaining warnings are expected to expire by Thursday afternoon.
The strong Santa Ana winds that fueled the fires will ease by late Wednesday, bringing more humid air to the region by Friday. These conditions are expected to reduce fire threats through the weekend. However, another round of Santa Ana winds may develop early next week.
Inspections and Investigations
Officials have completed 30% of damage inspections in the Palisades Fire burn area. So far, nine people have died, and 5,000 structures are believed to have been damaged or destroyed.
The investigation into the cause of the wildfires has generated over 150 leads, according to the ATF. Authorities have formed a joint task force to investigate and prosecute crimes related to the fires.
Fire Response Efforts Defended
The Los Angeles Fire Department (LAFD) defended its wildfire response efforts. Chief Kristin Crowley stated that the department followed established protocols and pre-deployed resources. “We surged where we could surge,” she said.
The government and Pakistan Tehreek-e-Insaf (PTI) will hold the third round of negotiations today. National Assembly Speaker Sardar Ayaz Sadiq will chair the meeting at the Parliament House in Islamabad. The session is set to begin at 11:30 am.
Sources from PTI confirmed the party would present its demands in written form during the meeting. These demands are based on instructions given by the party’s founder, Imran Khan, who remains incarcerated. The negotiations aim to address the ongoing political instability in the country.
Government Response
PTI has finalized its demands, focusing on key issues. These include the release of political prisoners and the formation of a judicial commission to probe the May 9 riots and November 26 protests. The party insists that the talks must reach a logical conclusion by January 31.
The government has criticized PTI’s conditional approach to the talks. Adviser to the Prime Minister Rana Sanaullah suggested extending the negotiation timeline to February 28. Sanaullah stated the government would consult its allies after reviewing PTI’s written demands. He added, “We need time to respond effectively.”
Doubts remain over the success of the negotiations. The PTI warned that the talks might collapse if a judicial commission is not formed after today’s session. PTI Chairman Barrister Gohar expressed hope for positive results but highlighted the risks of failure.
The ruling coalition emphasized its willingness to negotiate sincerely. However, government sources questioned how meaningful progress could be made if PTI sticks to a conditional approach. Despite the skepticism, both sides recognize the importance of these talks in fostering political stability.
Today’s meeting follows two earlier sessions held on December 27, 2024, and January 2, 2025. The outcome of the third round will determine whether the negotiations can continue or face collapse.
Authorities have arrested a man in connection with the Little Mountain Fire in San Bernardino. Fire crews responded to the fast-spreading brush fire on Wednesday afternoon around 2 p.m. local time. The blaze was quickly contained at 34 acres, with no injuries or property damage reported, according to the San Bernardino Police Department.
Arrest Made After Investigation
Following an investigation, officers arrested an adult male on two felony charges, including reckless burning. Authorities have not released the suspect’s identity. Police confirmed that the investigation led directly to the arrest.
The fire, which erupted near Little Mountain Drive, prompted an immediate response from firefighters who worked to stop it from spreading further.
Road Closures and Ongoing Operations
Authorities have announced a hard road closure on Little Mountain Drive between Edgehill and Sheridan Road. First responders remain at the scene to monitor the area and ensure public safety.
As the investigation continues, authorities are working to determine the exact cause of the fire. The San Bernardino Police Department urges residents to stay away from the area and to follow updates for any further developments.
Aid organizations are urging an immediate scaling up of humanitarian access to Gaza after Israel and Hamas agreed to a ceasefire-hostage deal. The agreement, expected to begin Sunday, aims to end 15 months of intense Israeli bombardment that has devastated the Palestinian enclave.
The United Nations Relief and Works Agency (UNRWA), Gaza’s primary aid group, stressed the need for “unhindered humanitarian access.” About 2 million people rely on UNRWA, with 1 million depending on its shelters for food and healthcare.
The UN children’s fund, UNICEF, called the ceasefire “long overdue.” At least 14,500 children have died in the conflict, with 17,000 separated from their parents. UNICEF plans to focus on treating malnutrition and vaccinating 420,000 children under five.
Aid Supplies Ready but Require Access
The World Food Programme (WFP) announced it has food supplies ready for over 1 million people for three months. However, the organization requires open and functioning border crossings to distribute aid effectively. The International Committee of the Red Cross (ICRC) stated it is prepared to assist with the deal’s implementation, having facilitated hostage and detainee releases in the past.
David Miliband, president of the International Rescue Committee, emphasized the urgency of increasing aid flow, including medicines, water, and food. “Conditions must be safe for civilians and aid workers,” he said.
Ceasefire Agreement Details
The deal includes a 42-day ceasefire, a prisoner and hostage exchange, and the withdrawal of Israeli troops. US hostages will be released in the first phase, while other hostages and detainees will follow. Humanitarian aid is expected to flow into Gaza during this period.
The Israeli cabinet will vote on the deal, with some members, like Finance Minister Bezalel Smotrich, expressing opposition. Prime Minister Benjamin Netanyahu has withheld comments until the details are finalized.
Reactions and Challenges
Hamas declared the agreement a significant victory, calling it a “crucial turning point.” Mediating countries, including the US, Egypt, and Qatar, pledged to ensure the deal’s full implementation.
Despite the agreement, Israeli airstrikes continued as negotiations unfolded. Strikes in Gaza City, Nuseirat, and Khan Younis killed 23 people and injured dozens.
Future Talks to Address War’s End
The deal’s second and third phases will be negotiated during the ceasefire. Talks will focus on further hostage releases, rebuilding Gaza, and ending the war permanently. US President Joe Biden highlighted the need for lasting peace and Gaza’s reconstruction.
Humanitarian groups, like the Norwegian Refugee Council, warned of famine-like conditions and called for lifting all restrictions on aid. Efforts to rebuild homes, schools, and hospitals must begin immediately.
How much time do we spend on social media each day? For most of us, hours slip by in an endless cycle of scrolling, liking, and posting. It’s become second nature—something we do without even thinking, shaping how we communicate, connect, and pass the time. But have you ever paused to wonder how often the creators of these platforms—those who built Facebook, Twitter, and Instagram—actually use their own creations?
It might surprise you to learn that the answer isn’t what you’d expect. While billions of us immerse ourselves in these digital worlds daily, some of the biggest names behind these platforms take a far more cautious approach. Their reasons? Well, that’s where things get interesting.
These tech leaders, who have shaped the way we live online, have also raised questions about the impact of social media on our mental health, focus, and well-being. Some even admit to limiting their usage for reasons that might make you reconsider your own habits. If the creators themselves feel the need to step back, what does that mean for the rest of us?
It’s a question worth exploring. The relationship between social media founders and their platforms offers a fascinating glimpse into the very tools that dominate our lives. So, just how much do they use social media, and why do some of them keep their distance? Let’s dive deeper.
The relationship between social media founders and their own platforms is both intriguing and complex. While these pioneers created the very tools that billions rely on daily, many have expressed concerns about their platforms’ effects and admitted to limited personal use. Here’s a look at how some of these influential figures engage with social media, supported by their own admissions and actions.
Sean Parker
Sean Parker, Facebook’s first president, has been candid about the platform’s psychological effects. In a 2017 interview, he confessed that Facebook was designed to exploit human psychology by creating a “social-validation feedback loop.” This design encourages users to keep coming back for more, often leading to addictive behavior.
Parker admitted that he rarely uses Facebook himself, stating, “God only knows what it’s doing to our children’s brains.” His acknowledgment sheds light on the moral dilemmas faced by the platform’s early architects.
Watch Sean Parker’s full admission here.
Mark Zuckerberg
Mark Zuckerberg, the co-founder and CEO of Meta (formerly Facebook), is perhaps the most visible social media leader. However, his personal use of Facebook and Instagram seems strategic rather than habitual.
Zuckerberg primarily uses social media to promote Meta’s projects and initiatives, such as the metaverse and AI advancements. In interviews, he has admitted to being mindful of his screen time, particularly after becoming a father. He advocates for balanced usage and often talks about the importance of unplugging.
Elon Musk
Elon Musk, who recently rebranded Twitter to “X,” is an exception among social media founders. Musk is highly active on his platform, using it as a tool for communication, marketing, and humor. However, even he has admitted to being strategic about his usage.
In interviews, Musk has expressed concerns about social media’s influence, particularly on mental health. Despite this, his engagement levels suggest he sees the platform more as a tool for influence than as a source of distraction.
Jack Dorsey
Jack Dorsey, the co-founder of Twitter, has maintained a relatively minimalistic presence on the platform. As of 2018, he had tweeted approximately 23,000 times since Twitter’s launch—a modest number compared to many active users.
Dorsey has been vocal about the potential downsides of social media. He once stated that he prefers meditation and other offline activities to spending excessive time online. His approach reflects a conscious effort to maintain a balanced relationship with technology.
Other Social Media Pioneers and Critics
Evan Spiegel (Snapchat): The Snapchat CEO has emphasized his preference for a life focused on family and work, rather than constant engagement on social media.
Kevin Systrom and Mike Krieger (Instagram): Both founders left Instagram after it was acquired by Facebook. They have since spoken about the platform’s evolution and their conscious choice to step back from daily social media usage.
Why Do Founders Limit Their Usage?
The limited use of social media by its founders raises critical questions about the platforms they created. Many of them acknowledge the addictive design and its potential harm, particularly on mental health.
During a Senate hearing in 2023, several social media CEOs, including Mark Zuckerberg and TikTok’s Shou Zi Chew, were questioned about the platforms’ impact on children and society. Their responses reflected growing awareness of the need for safeguards, even as they continue to expand their platforms.
A Cautionary Tale
The admissions and behaviors of social media founders reveal a deep understanding of their platforms’ power—and their dangers. While they may have pioneered revolutionary tools, their limited personal use and public warnings offer a sobering reminder to approach social media mindfully.
These tech leaders’ actions and words encourage us to strike a balance, ensuring that the platforms designed to connect us don’t inadvertently consume us.
Hampshire batter James Vince has made the bold decision to quit first-class cricket in 2025 to participate in the Pakistan Super League (PSL). The move follows the England and Wales Cricket Board’s (ECB) new policy on No-Objection Certificates (NOCs), limiting player availability for overseas leagues during the English season. Vince, 33, will continue to lead Hampshire’s T20 side but has stepped down as club captain after nearly a decade.
A Career-Altering Decision
Vince, retained by Karachi Kings in the PSL draft, faced a tough choice due to the ECB’s policy. The PCB’s decision to shift the PSL to April-May created a scheduling conflict with the English season. Rather than forgoing the lucrative PSL opportunity, Vince renegotiated his Hampshire contract, transitioning to a white-ball specialist role.
“I love Hampshire; it’s been my home for 16 years,” Vince said. “This decision allows me to focus on T20 cricket and what’s best for my family at this stage of my career.”
Family and Safety Concerns
Vince’s decision was influenced by personal reasons. Following unexplained attacks on his Hampshire home last year, he relocated his family to Dubai. He expressed gratitude to Hampshire’s management for supporting him during that challenging time.
Hampshire’s director of cricket, Giles White, acknowledged the emotional impact of the announcement. “James has shown unmatched commitment over two decades. While fans may feel disappointed, we hope they celebrate his contribution and support him in the Vitality Blast,” White said.
Vince’s decision highlights the ramifications of the ECB’s new NOC policy, which prioritizes English cricket’s domestic schedule. The policy grants exceptions only for the Indian Premier League, forcing players like Vince to choose between county cricket and overseas leagues.
This policy shift has caused tension among players. Many have voiced frustration, with some even threatening legal action against the ECB. However, ECB chief executive Richard Gould defended the stance, stating it is necessary to “defend our game” and prioritize the collective interests of English cricket.
Legacy and Achievements
As Hampshire’s captain since 2015, Vince has been a cornerstone of the club’s success. He amassed 29 centuries and averaged 41.22 across 197 first-class matches, cementing his place as one of Hampshire’s greatest players.
Although his Test career ended with 13 caps, Vince’s decision underscores a growing trend among cricketers prioritizing T20 leagues. Tom Kohler-Cadmore, another English player signed by Peshawar Zalmi, may follow Vince’s lead by transitioning to a white-ball specialist role to secure a PSL NOC.
New Era for Hampshire
Hampshire will navigate its first season under new ownership in 2025, following a multi-million pound acquisition by the GMR Group. With Vince stepping down, the club enters a new chapter in its history, balancing tradition with the evolving demands of modern cricket.
James Vince’s departure marks a significant shift for Hampshire and reflects the broader challenges facing county cricket in a changing global landscape. Fans will remember his legacy, while his move to the PSL signals the increasing allure of franchise cricket.
After 15 months of intense conflict, Israel and Hamas have agreed to a ceasefire starting Sunday. The deal, brokered by Qatar, Egypt, and the United States, aims to halt hostilities and deliver critical humanitarian aid to Gaza. Sheikh Mohammed bin Abdulrahman bin Jassim Al Thani, Qatar’s Prime Minister, announced the agreement, which also includes the release of Israeli captives held by Hamas.
Gaza’s Fragile Hope Amid Escalation
In Gaza, residents celebrated the announcement despite ongoing attacks leading up to the ceasefire. At Al-Aqsa Martyrs Hospital, where mourning has been a daily routine, the mood shifted briefly to one of hope. However, heavy artillery and bombings were still reported in Bureij and Nuseirat camps. These final days before the ceasefire are critical, as many fear a surge in violence.
Global Reactions to the Ceasefire
The international community has welcomed the agreement. Egyptian President Abdel Fattah el-Sisi called for accelerated humanitarian aid to Gaza, emphasizing the dire humanitarian crisis. UN Secretary-General Antonio Guterres also expressed support, urging efforts to alleviate the immense suffering caused by the conflict. He confirmed the UN’s readiness to assist in implementing the deal and scaling up relief efforts.
Perspectives from Both Sides
Hamas official Khalil al-Hayya stated that Palestinians would never forget or forgive the atrocities they endured. He described the war as a “barbaric extermination” and one of the worst modern genocides. On the Israeli side, families of captives expressed relief and hope for the safe return of their loved ones but criticized the global community for failing to intervene sooner.
While the ceasefire is seen as a step toward peace, its implementation faces hurdles. Former UN humanitarian chief Martin Griffiths highlighted the differing objectives of the two parties. Israel views the agreement as a step toward freeing captives, while Hamas seeks a permanent cessation of hostilities. This fundamental difference could hinder progress in the second and third phases of the deal.
Griffiths also raised concerns about Israel’s plans to ban UNRWA, the UN agency for Palestinian refugees. If enforced, this ban could severely disrupt aid delivery to Gaza. The governance of Palestinian territories and the role of Hamas in the aftermath remain unresolved, further complicating the path to lasting peace.
A Glimmer of Hope
Despite the challenges, the ceasefire offers a glimmer of hope for millions affected by the conflict. It provides an opportunity to address the humanitarian crisis in Gaza and rebuild lives. However, sustained international cooperation and dialogue will be essential to ensure the agreement leads to a more stable and peaceful future.
The government has raised fuel prices, with petrol prices increasing by Rs3.47 per litre and high-speed diesel (HSD) by Rs2.61 per litre for the next fortnight. The new rates set petrol at Rs256.13 per litre and HSD at Rs260.95 per litre. This hike comes in response to international market fluctuations over the last two weeks, as reported by the Finance Division.
International Market Impact
The Oil and Gas Regulatory Authority (OGRA) calculated the new consumer prices following recent global oil market trends. International crude prices rose due to geopolitical tensions, including threats of stricter sanctions on Russian oil exports. Brent crude prices climbed by $1-2 per barrel during this period, contributing to the increase in local fuel costs.
Kerosene and light diesel oil prices were not explicitly addressed in the announcement. However, informed sources earlier predicted an increase of Rs3 per litre for kerosene and Rs2 per litre for light diesel oil.
Petrol and Diesel Use in Pakistan
Petrol, widely used in private transport, motorcycles, and rickshaws, directly impacts the budgets of the middle and lower-income segments. HSD, on the other hand, powers heavy transport vehicles, trains, and agricultural machinery, making its price highly inflationary. Increases in HSD prices often lead to higher transportation and production costs, further inflating food and essential goods prices.
The government’s taxation on petroleum products adds significantly to consumer costs. Approximately Rs76 per litre in taxes is levied on both petrol and HSD. Although the general sales tax (GST) on petroleum products remains zero, the government imposes a petroleum development levy of Rs60 per litre. Additionally, customs duties of Rs16 per litre are applied, regardless of local production or imports. Oil companies and dealers charge Rs17 per litre in distribution and sale margins.
For high-octane blending components and 95RON petrol, typically used in luxury vehicles, the government charges Rs50 per litre, reflecting higher costs for premium fuel users.
Economic Ripple Effects
The increase in petrol and diesel prices is likely to exert pressure on inflation, affecting both transportation costs and the prices of essential commodities. The agricultural sector, reliant on diesel for machinery such as tractors, tube wells, and threshers, will also bear higher operational expenses. These changes could significantly impact the cost of vegetables and other food items, burdening consumers further.
Future Outlook
The recent hikes underline Pakistan’s vulnerability to global oil market trends. While the government has sought to maintain a stable exchange rate and minimize import premiums, external factors like geopolitical shifts continue to drive domestic fuel prices upward. Stakeholders and policymakers must address these challenges to mitigate the impact on citizens and stabilize economic conditions.
Fuel price adjustments are expected to remain a critical issue, influencing broader economic dynamics and affecting millions of households reliant on affordable transportation and agricultural production.
