Birds fly over pump jacks at the Airankol oil field operated by Caspiy Neft in the Atyrau region, Kazakhstan, April 20, 2026. — AFP Hormuz control proposal raises US concerns.Houthi attack claims curb shipping hopes.US crude stocks rise unexpectedly.TOKYO: Oil prices slipped…
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As US tariffs bite, India slashes consumption tax to boost domestic demand
People shop for essential goods at a supermarket in Amritsar, India, May 9, 2025.— Reuters
India tax panel approves tax cuts on hundreds of consumer items.Federal, state revenue loss estimated at 480 billion rupees.New tax rates to be implemented from September 22.
Sindh govt lifts austerity-driven closing times for markets, marriage halls, hotels
A view of the rush in the Hyderi Market in Karachi during Eid shopping. — INP
Malls and marquees also granted operating exemption.Previous timings imposed under energy conservation measures.Govt consulted traders before revising schedule:…
K-Electric CEO Moonis Alvi ‘steps down’ after harassment allegations
K-Electric Chief Executive Officer Moonis Abdullah Alvi speaking at an event. — X/@alvimoonis Sources confirm Moonis Alvi resigns as K-Electric CEO.Insiders cite months of stress after harassment allegations.Governor Tessori overturned removal order earlier this week.<p…
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