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5% voluntary ethanol blending proposed | The Express Tribune

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5% voluntary ethanol blending proposed | The Express Tribune



ISLAMABAD:

A committee formed by Prime Minister Shehbaz Sharif has recommended 5% voluntary ethanol blending with petrol based on commercial viability and in consultation with oil marketing companies.

The committee, headed by Minister for Petroleum Ali Pervaiz Malik, had been tasked with exploring options for fuel blending. It submitted a report to the Prime Minister’s Office, which asked it to present the study to the deputy prime minister. Oil industry officials point out that the current ethanol production from sugarcane crushing stands at only 400,000 to 450,000 tons per year. Ethanol exports from Pakistan have been used for blending to produce E10-E15 fuel. At present, most of the ethanol produced in the country is exported due to price incentives.

The committee also conducted a price comparison. The monthly average of ethanol and petrol prices indicates that ethanol remains consistently cheaper than petrol. The average difference is calculated at $225 per ton. The committee noted that due to reduced energy content in ethanol, its price needed to be lower by 20% to 30% in order to become cost-effective. Infrastructure will also require notable investment. The committee was of the view that significant capital investment should be pumped into ethanol storage and blending facilities.

Vehicle compatibility has been evaluated too. According to the committee, new vehicles are compatible with E5 and E10 fuels. However, Pak Suzuki Motor Company has declared incompatibility with ethanol blending in the case of older vehicles and two-wheelers. The committee took up for discussion sustainable supplies as ensuring consistent supply was a challenge, particularly when export prices were higher.

Previous attempts at ethanol blending

A pilot project for blending 10% ethanol (E-10) was introduced through state-run oil marketing company Pakistan State Oil (PSO), which continued from 2010 to 2012. The project was initiated in Sindh and later expanded to Punjab.

The E-10 price was kept lower by Rs2.50 per litre compared to the regular petrol price through the petroleum levy differential. PSO was allowed to utilise Rs1.70 per litre for the development of infrastructure over a period of two years.

However, the project was stopped in 2012 due to the sudden unavailability of ethanol. As its export prices picked up, the producers preferred to export. Only PSO had been tasked with implementing the project. It was introduced as a separate grade, requiring substantial investment. Auto manufacturer Pak Suzuki declared that E-10 was not suitable for consumption in its vehicles.

Global best practices

Brazil launched ethanol blending in 1975 with E10 and currently E27 is being offered. It ensured consistent long-term policy implementation and investment in infrastructure with the objective of reducing reliance on imported fuels and curbing greenhouse gas (GHG) emissions.

The South American nation introduced flex-fuel vehicles in 2003, which can run on E25-E100. It is also the largest producer of sugarcane, accounting for 25% of global production.

India initiated ethanol blending in 2003 with E5 and currently it is selling E10 and is moving to E20. It has adopted a consistent long-term policy, the diversification of feedstock and regulated ethanol prices.

The objective is to reduce dependence on imported fuel and emissions intensity. It has become the second-largest producer of sugarcane with 19% of global production.

Earlier, the US launched ethanol blending in 1970 and currently E10 is being used across the nation. In some states, higher blending ratios are applied. The United States sets flexible annual blending targets depending on the availability of ethanol. Its aim is to reduce GHG emissions and enhance rural income. It is the largest producer of corn-based ethanol.



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Zoopla buys online business newhomesforsale.co.uk

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Zoopla buys online business newhomesforsale.co.uk



Property portal Zoopla has bought newhomesforsale.co.uk as it continues to expand further into the new build market.

Zoopla said the deal – for an undisclosed amount – will see it buy 100% of the new homes property site, which has over 200 developer customers, supports 2,500 active property developments and connects over one million buyers with properties each year.

It comes amid a concerted push by Zoopla to grow its new build offering, having recently announced tie-ups with housebuilding giants Taylor Wimpey and Persimmon Homes.

As part of the efforts to further tap into this market, Zoopla has improved the visibility of new homes on its website and the consumer search experience, promoted the benefits of new builds and added features such as search by developer and affordability tools.

It has also rolled out the use of artificial intelligence (AI) to help lower the cost of attracting buyers, identify “higher-intent” customers earlier and make reservation pipelines more efficient for home builders.

Together, these product innovations have helped drive a 53% increase in the number of new home leads for builders year-on-year, according to Zoopla.

Paul Whitehead, chief executive of Zoopla, said the newhomesforsale.co.uk (NHFS) deal was “a natural next step in our strategy”.

He said: “Our recent partnerships with Taylor Wimpey and Persimmon demonstrate the progress we have made and the value we deliver.

“The addition of newhomesforsale.co.uk will strengthen our offer and deepen our relationships with home builders across the UK.”

After the deal, Stratford-upon-Avon-based NHFS will continue as a standalone brand and website, with its existing leadership team, led by founder and managing director Vernon Pethard.

All 10 staff – including Mr Pethard – are transferring to Zoopla following the deal.

Mark Hincks, director of newhomesforsale.co.uk, said: “Our focus has always been to connect developers with high-intent buyers and deliver a clear return on marketing investment.

“Joining Zoopla unlocks audience data, insights and innovation that will allow us to deliver even more value for our customers.”

Mr Pethard founded NHFS in 1998, initially offering a range of new homes newspapers, which later shifted online via the website in 2009.



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Women bosses face more scrutiny than men, says chief of Government-backed review

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Women bosses face more scrutiny than men, says chief of Government-backed review



Most of the UK’s biggest businesses have hit targets for gender representation in their boardroom, but fall short when it comes to women leaders who face greater scrutiny and unconscious bias, according to Government-backed report.

Data from the FTSE Women Leaders Review shows that women held 43% of board positions on FTSE 350 companies in 2025.

It marks a significant leap towards gender balance in the boardrooms of the UK’s biggest listed companies, from the 9.5% recorded when the review began 15 years ago.

Nevertheless, the proportion is more or less the same than it was in 2024.

Vivienne Artz, chief executive of the FTSE Women Leaders Review, said the “pace of change is naturally beginning to level as parity approaches”, adding: “Boards are still making progress, which is great, but there’s not as much progress to make.”

The review, which is supported by the Government, tracks the progress of the FTSE 350 and 50 of the UK’s largest private companies towards voluntary gender representation targets.

The latest report revealed that the proportion of women in leadership positions on the FTSE 350 has edged up to 36%, from 35% the previous year, as of the end of October 2025.

Within that, the proportion of women in chief executive roles was 8%, up from 7%.

There were nine women chief executives at FTSE 100 companies.

There has been a recent flurry of female bosses quitting from top listed companies and being replaced by men, such as Dame Emma Walmsley from drug firm GSK, Liv Garfield from water supplier Severn Trent, and Diageo’s Debra Crew.

On the other hand, energy giant BP appointed its first ever female chief executive, who is due to step into the role in April.

Ms Artz said firms were making slow progress when it comes to gender balance for the CEO, chair and finance director roles.

“It’s because they are incredibly demanding and difficult roles to fill,” she told the Press Association.

“I think that too often we rely on the safe option which is, ‘we’re going to have have someone who’s done it before’.

“And if you’re always going back to fishing in the same pond then you’re not finding new talent… you’re not looking at skills and expertise, as opposed to a CV that you feel comfortable with and you’re seen before,” she said.

Furthermore, Ms Artz said women can face barriers to leadership positions due to prevailing attitudes which have “not been easy to dismantle”.

“I think we can say that female CEOs get a lot more scrutiny and they get judged on different things that male CEOs do,” she said.

She said that talking points such as whether the person is married or has children can be “distracting, and in many ways it diminishes the credibility of the leader”.

“We do know that there is absolutely still unconscious bias and that there’s attitudes that need to change,” she said.

Ms Artz also argued that the cost of childcare means that families are led to making decisions that can “derail” or “sideline” a woman’s career.

Responding to the report, Chancellor Rachel Reeves said the data “shows how far we’ve come”, adding: “But there is still a long way to go as women remain under‑represented in key executive roles.

“As Chancellor, I’m clear there should be no ceiling on a woman’s ambition.

“When they can participate fully at every level, organisations make better decisions, innovate more and perform more strongly, boosting our whole economy.”

Business and Trade Secretary Peter Kyle said: “It’s essential that our top talent can reach the highest levels of leadership, which is why I’m so pleased the UK continues to lead the charge for gender equality in boardrooms.

“However, be in no doubt that despite this progress, there is still much more work to do.”

Looking at individual companies, drinks giant Diageo and supermarket and services chain The Co-operative Group have the highest representation of women in their boardrooms, at 77.8% and 72.7% respectively.

Marks & Spencer, HSBC, and water firms Severn Trent and Pennon Group are among those to record representation greater than 60%.

At the other end of the scale, parcel giant Evri and yoghurt maker Muller had no women on their boards, while the likes of pub groups Mitchells & Butlers and Wetherspoons were towards the bottom of the list with representation of 22%.



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Cruise companies cancel Puerto Vallarta stops after violence in Mexico

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Cruise companies cancel Puerto Vallarta stops after violence in Mexico


A satellite image shows cars on fire along a coastal road in Puerto Vallarta, Jalisco, Mexico, Feb. 22, 2026, following the killing of drug lord Nemesio Oseguera, known as “El Mencho,” in a military operation.

Vantor | Via Reuters

American travel companies are scrambling to reroute cruise ships and take care of tourists to Mexico after violence and chaos erupted in several coastal regions in the country following the killing of a cartel leader.

The U.S. State Department broadened its warning to travelers to shelter in place across multiple regions of Mexico, including the popular tourist hot spots of Cancun, Playa del Carmen, Cozumel, Tulum, Tijuana and Puerto Vallarta.

Violence erupted after the Mexican army killed Jalisco New Generation Cartel leader Nemesio Rubén Oseguera Cervantes. Known as “El Mencho,” he led one of fastest-growing criminal networks in Mexico, notorious for trafficking fentanyl, methamphetamine and cocaine to the United States and staging brazen attacks against government officials who challenged it, The Associated Press reported.

As roads were blockaded with burning vehicles, airlines canceled flights and cruise lines rerouted ships to avoid ports with potential problems.

Carnival Corp. said Princess Cruises’ Royal Princess and Holland America Line’s Zuiderdam were bypassing their planned stops in Puerto Vallarta on Monday. Norwegian Cruise Line said its ship the Norwegian Bliss has canceled its plans to call on Puerto Vallarta on Wednesday.

MSC Cruises USA said sailings to Cozumel and Costa Maya, Mexico, are currently operating as planned, but that shore excursions may be adjusted or canceled.

Though Royal Caribbean said it doesn’t have ships currently in the affected areas, CNBC has learned some of its excursions in Ensenada, Mexico, were affected.

Airbnb told CNBC it had activated its “major disruptive events policy” in Jalisco state and other affected regions. That policy overrides the host’s individual cancellation policy, allowing travelers and hosts to cancel reservations without consequences.

“We are monitoring this situation carefully and are focused on supporting guests and hosts in impacted areas,” an Airbnb spokesperson said.

In a note to investors, Truist travel and leisure analyst Patrick Scholes wrote that Hyatt has the most exposure of the international brands, with 8.5% of its room total coming from Mexico. Marriott has the second-highest exposure, with 3.3% of its overall rooms coming from Mexico.

Typical travel insurance policies often carry exclusions for terrorism, political violence or civil unrest.

Squaremouth, an online marketplace for travel insurance, warned would-be travelers that “the violence in Mexico is now a foreseeable event, or what the insurance industry calls a known event. So tourists can’t buy coverage now in order to cancel their trip.”

However, a Squaremouth spokesperson told CNBC, “If you are heading to Mexico soon, especially during spring break, buying CFAR [cancel for any reason] or IFAR [interruption for any reason] as add-ons is a smart decision given the uncertainty.”



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