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US Says It Boarded Oil Tanker, First During Iranian Blockade
The US government said it stopped and boarded a sanctioned oil tanker in its campaign to disrupt Iran’s shipping network, the first such intervention since the imposition of a blockade just over a week ago.
Mercuria Was Able to Get Ships Out Through Hormuz, CEO Says
Mercuria Energy Group Ltd. was reasonably well positioned before the closure of the Strait of Hormuz, and has been able to get ships out even after war erupted at the end of February, its co-founder and chief executive officer said.
UAE women drive leadership and sustainable development, says Sheikha Nada Al Mualla
Women today are no longer defined by the need for empowerment, but by their role as leaders and decision-makers shaping the future, Sheikha Nada Bint Issa Al Mualla, Community Ambassador, said in a keynote address at the Tristar presents Limitless: The UAE Power Women’s Forum in association with Gulf News.Speaking at the event held at Taj Exotica Resort & Spa, The Palm on April 21, Sheikha Nada reflected on the evolving role of women in society, calling for continued investment in their grow...
Crisis looms? India's alternate oil supply cushion fades as Russian crude on water runs low
Refining companies indicate they have sufficient supplies for the next month, but prices no longer reflect the discounted levels seen in the years following the Ukraine conflict. At the same time, the volume of crude available in transit is shrinking quickly.
170 port personnel promoted after 24 years
Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry has announced the promotion of 170 Karachi Port Security Force personnel after a 24-year wait, according to an official statement issued on Tuesday. During a high-level meeting chaired by the minister, Karachi Port Trust (KPT) Chairman Rear Admiral Shahid Ahmed outlined measures to resolve this long-pending issue affecting the port's security workforce. The minister hailed the move as a major administrative breakthrough, e...
PSX trims gains as profit-taking limits rally
Buyers returned to the Pakistan Stock Exchange (PSX) on Tuesday with notable strength as confidence grew amid optimism about a potential second round of US-Iran talks aimed at resolving the ongoing conflict. Expectations that diplomacy may progress weighed on global oil prices, easing supply concerns and providing a supportive backdrop for equity markets. Investor interest strengthened after the State Bank of Pakistan confirmed the receipt of $1 billion from Saudi Arabia as the second tranche o...
Freelancers fetch $856m in 9 months
Pakistani freelancers, despite an unconducive environment stemming from a lack of interest in human resource development by those at the helm, are increasing their contribution to the global freelancing market, bringing in over $850 million in foreign exchange by the end of the third quarter of the current financial year, despite challenges such as internet disruptions and electricity load-shedding. According to the State Bank of Pakistan (SBP), freelancers of computer and IT services fetched $...
OGDC engages Balochistan to utilise Zin gas
Oil and Gas Development Company (OGDC) has continued to accelerate efforts to unlock value from its stranded and low British-thermal-unit (BTU) gas resources, with a renewed focus on fast-tracking production from challenging assets such as the Zin Gas Field. As part of this strategy, OGDC is actively engaging with the government of Balochistan to explore the utilisation of Zin's low BTU gas for industrial clusters and fertiliser projects. The initiative aims to support regional economic dev...
PTCL returns to profit after four-year hiatus
Pakistan Telecommunication Company Limited (PTCL) has returned to profit after a gap of more than four years, which comes following the acquisition of Telenor Pakistan. Along with its financial results, the company announced that it would formally launch 5G (Fifth Generation) telecom services in May. However, the top management ducked questions about releasing the outstanding $800 million dues of Pakistan in the backdrop of Islamabad's debt repayment to the United Arab Emirates (UAE) amid t...
FinMin expects continuous progress under GSP+
Federal Minister for Finance Muhammad Aurangzeb has expressed optimism about Pakistan's external sector outlook and reiterated the government's focus on enhancing competitiveness, deepening investment inflows and expanding trade opportunities. In this context, he also conveyed hope for continued progress under the GSP Plus framework, terming it an important pillar of Pakistan-EU economic relations. During a meeting with European Union Ambassador Raimundas Karoblis on Tuesday, the feder...
Strong dollar, rising yields push gold lower
Gold prices in Pakistan extended their decline on Tuesday, tracking losses in the international market, as a stronger US dollar and rising Treasury yields weighed on bullion, while investors remained cautious ahead of developments in tentative US-Iran talks and the confirmation hearing of Federal Reserve chair nominee Kevin Warsh. In the local market, the price of gold per tola fell by Rs1,000 to settle at Rs500,162. Similarly, the price of 10-gram gold decreased by Rs857 to Rs428,808, accordin...
Iran war shows "era of fossil fuel security is over," says U.K energy secretary
World Iran war shows "era of fossil fuel security is over," says U.K. official, defying Trump calls for North Sea drilling By Frank Andrews Frank Andrews Journalist Frank Andrews is a CBS News journalist based in London. Read Full Bio Frank Andrews April 21, 2026 / 11:54 AM EDT / CBS News Add CBS News on Google Britain is doubling down on its commitment to net-zero emissions targets in light of energy volatility caused by the U.S.-Iran war, the government announced Tuesday, in spite of President...
مرسک: وضعیت تنگه هرمز برای تردد کشتیها بسیار خطرناک و ناپایدار است
شرکت مرسک، دومین شرکت بزرگ کشتیرانی کانتینری جهان، سهشنبه اعلام کرد وضعیت تنگه هرمز برای عبور کشتیهایش بیش از حد خطرناک و بیثبات است. این شرکت اعلام کرد نوسان و بیثباتی ادامه دارد و در هماهنگی با شرکای امنیتی خود ارزیابی کرده که در حال حاضر باید از عبور از تنگه خودداری شود.
Punjab slashes jobs ahead of new budget
Amid an acute financial and economic crisis in Punjab, the provincial government has granted final approval to abolish nearly 150,000 vacant posts ranging from Grade 1 to 16 across all departments. Implementation has commenced, and all such positions will be eliminated before the 202627 budget, with directives issued not to allocate funds for these posts in the upcoming fiscal plan. The largest share of cuts has been imposed on the education sector, where 30,391 posts (Grades 116) have been...
Limited economic impact? How Iran war is impacting job market and your household bills
India's economy shows resilience amid Middle East crisis, with household spending largely unaffected by rising energy prices, though consumer confidence is slightly dipping. While manufacturing faces some impact, the services sector remains robust, and overall growth for Q4 FY26 is projected to remain strong, with limited downside risks.
UK and EU close in on agricultural deal to reduce Brexit barriers
Lords told sales of Scottish shellfish among areas that may benefit – but agreement will not erase all paperworkEurope live – latest updatesA new agriculture agreement with the EU would not wipe out all Brexit paperwork but may greatly increase sales of Scottish langoustines and oysters, the House of Lords has heard.The UK and EU are close to finalising a sanitary and phytosanitary (SPS) agreement to reduce Brexit trade barriers, and while it will have “modest” impact on the UK economy the agree...
Bread price rise warning if Iran war drags on as government urged to act
Bread price rise warning if Iran war drags on as government urged to actThe boss of Allied Bakeries' owner rules out price rises for now but says it is possible “if the situation doesn’t improve”CommentsMoneyGraham Hiscott Business and Consumer Editor16:40, 21 Apr 2026Updated 16:52, 21 Apr 2026View 3 ImagesBakeries - such as those making big seller Kingsmill - are among energy hungry businesses at risk from soaring costsThe maker of Kingsmill bread could slap a surcharge on the cost of a lo...
Supply gaps prolong electricity cuts
Punjab is experiencing prolonged and increasingly disruptive electricity outages, with rural areas reporting load-shedding of up to 16 hours a day and urban centres facing recurring interruptions, according to residents and power distribution officials. The situation has intensified across regions served by Lahore Electric Supply Company (Lesco), Multan Electric Power Company (Mepco), Faisalabad (Fesco) and Gujranwala (Gepco), as the gap between electricity demand and supply widens. Consumers...
Water charges and rates increase could help Stormont 'raise £3bn a year'
Water charges and rates increase could help Stormont 'raise £3bn a year'Just nowShareSaveAdd as preferred on GoogleJohn CampbellEconomics and business editor, BBC News NIGetty ImagesThe review suggests that if the civil service was cut back to the equivalent size of the service in England it would save almost £400m a year.Stormont ministers would have £3bn a year extra to spend on public services if they increased rates, introduced water charges and made thousands of workers redundant,...
Tariff Refund Process: खुल गई ट्रंप टैरिफ रिफंड विंडो, 166 अरब डॉलर करने होंगे वापस... भारत को मिलेगा इतना
Tariff Refund Process