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Pakistan boosts domestic energy supply with new oil, gas discovery
ISLAMABAD: Pakistan has received a significant boost in its energy sector as oil and gas production from the Baragzai X-1 well in the Nashpa Block has been officially added to the national system. Federal Minister for Petroleum Ali Pervaiz Malik inaugurated the commercial production from the well, terming it a major milestone for the country’s energy security. The minister said the development would play a crucial role in strengthening Pakistan’s energy security and reducing reliance on imported...
Wall Street Traders Score Big; Exclusive Ted Pick Interview | Bloomberg Open Interest 4/15/2026
Get a jump start on the US trading day with Matt Miller and Dani Burger on "Bloomberg Open Interest." Stocks surge toward record highs as hopes for peace lift global markets, with the US and Iran agreeing in principle to extend their ceasefire. Earnings season is in full swing, and Wall Street traders at Morgan Stanley and Bank of America cash in on record gains. Plus, Pimco makes a bold $400 million bet on private credit. From the IMF, Bank of England’s Megan Greene joins us live. WeWork’s CEO...
3,100 farmers receive fuel subsidy in Balochistan
The Balochistan government's agricultural relief package has been launched with the transfer of subsidy payments to the bank accounts of 3,102 farmers in the initial phase of implementation, Chief Minister Mir Sarfraz Bugti said on Wednesday. Outlining the progress of the scheme, the chief minister stated that payments for an additional 13,128 farmers would be completed within the next two to three days, as the government accelerates phased disbursement under the programme. Rising regional...
London traders weigh war deadlock as luxury woes hit Paris
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Dollar and Other Currency Rates in Pakistan Today- April 15, 2026
Karachi, April 15, 2026 – The State Bank of Pakistan (SBP) has published its latest Mark-to-Market (M2M) exchange rates for authorized dealers, providing updated reference rates for foreign currency transactions against the Pakistani Rupee (PKR). Here’s a comprehensive breakdown of today’s key currency rates for traders, importers, exporters, and remittance senders. US Dollar (USD) at PKR 278.96 The US Dollar, Pakistan’s most traded foreign currency, is quoted at PKR 278.96 (r...
IMF Chief Warns Hasty Central-Bank Action Could Suffocate Growth
Central banks should resist the urge to hike interest rates in response to the Middle East crisis as this could damage economic output, according to International Monetary Fund Managing Director Kristalina Georgieva.
$25,000 CD vs. $25,000 high-yield savings vs. $25,000 money market account: Which earns the most in 2026?
MoneyWatch: Managing Your Money $25,000 CD vs. $25,000 high-yield savings vs. $25,000 money market account: Which earns the most in 2026? We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. .chip { background-image: url('/fly/bundles/cbsnewscore/images/chip-bgd/chip-bgd-moneywatch.jpg'); } By Matt Richardson Matt Richardson Sr. Managing Editor, Managing Your Money Matt Richardson is the senior managing editor for the Man...
Silver Rate in Pakistan Today- April 15, 2026
Karachi, April 15, 2026 – Silver prices in Pakistan have maintained firm upward momentum today, with the chandi ka rate at Rs. 9,002 per tola—demonstrating sustained strength driven by international precious metals trends and active local demand. This performance continues the recent positive pattern, as silver remains highly responsive to global market signals and safe-haven buying interest. Current local rates stand at Rs. 7,716 per 10 grams and Rs. 771.6 per gram, supported by international s...
AI Pivot Pushes Bitcoin Miners Toward a 70% Revenue Milestone
The companies that built billion-dollar businesses mining Bitcoin are on track to generate most of their revenue from artificial intelligence by the end of the year — a milestone that marks an entire industry’s pivot away from the cryptocurrency that created it.
$3b Saudi support fuels robust PSX rally
Buying momentum continued at the Pakistan Stock Exchange (PSX) on Wednesday as investors reacted positively to Saudi Arabia's commitment of an additional $3 billion in deposits. Trading commenced on a cheery note and by 9:34am the benchmark KSE-100 index had surged 4,287 points, or 2.59%. The strong move pushed the index above 170,000 within the opening minutes. Market participants attributed the bullish trend to multiple positive triggers, including fresh financial assistance from Saudi A...
OGDC hits record oil, gas discovery in Kohat
Oil and Gas Development Company Limited (OGDC) has achieved the highest-ever oil and gas discovery from a single well in Pakistan's history at its Baragzai X-01 exploratory well in the Nashpa Block, Kohat, according to a statement issued on Wednesday. After Wednesday's injection of 5,300 barrels of oil per day (bpd), 17 million standard cubic feet per day (mmscfd) of gas and 15 metric tonnes per day of LPG, cumulative production has reached 15,000bpd and 45mmscfd of gas. Production is p...
Retailers claim Rs100b loss from early closure
Following the first week of reduced retail timings, the Chainstore Association of Pakistan (CAP) has highlighted the serious challenges faced by the organised retail sector and urged the government to adopt a balanced approach to support formal businesses operating under increasing economic pressure. The organised retail sector represents over 30,000 outlets and contributes significantly to the trade sector's 18% share in GDP, while supporting more than one million jobs. A key concern raise...
ME crisis sparks significant supply shocks
Federal Minister for Finance Muhammad Aurangzeb participated in a meeting convened by the International Monetary Fund (IMF) managing director with finance ministers, central bank governors and heads of regional financial institutions from the Middle East, North Africa, Afghanistan and Pakistan (Menap) region on the sidelines of the World Bank-IMF Spring Meetings 2026. In his intervention, the finance minister characterised the ongoing crisis in the Middle East as one of the most significant sup...
Millions tap Trump tax cuts this filing season as refunds top $3,400
More than 53 million tax filers used at least one of President Donald Trump’s signature tax breaks this filing season, as the average refund climbed above $3,400, according to Treasury Department data released on Tax Day.The figures mark the first filing season since the Republican-backed "Working Families Tax Cuts" were passed in July 2025 and implemented by the IRS, with Trump administration officials touting broad uptake and increased tax relief.Wednesday is the deadline to file taxes for the...
BBC to cut almost one in 10 staff to make £500m savings
BBC to cut almost one in 10 staff to make £500m savings6 minutes agoShareSaveAdd as preferred on GooglePaul GlynnandIan Youngs,Culture reportersReutersThe BBC has announced it will cut between 1,800 and 2,000 jobs - or almost one in 10 - in an attempt to tackle "significant financial pressures".The broadcaster needs to make £500m savings over the next two years. Interim director general Rhodri Talfan Davies said the cutbacks would be "really difficult news" for staff and audi...
Bloomberg Surveillance 4/15/2026
Jonathan Ferro, Lisa Abramowicz and Annmarie Hordern speak daily with leaders and decision makers from Wall Street to Washington and beyond. No other program better positions investors and executives for the trading day. (Source: Bloomberg)
Oil price shock loading: How India's strong economic fundamentals will cushion the blow
S&P Global in its latest report titled India's Strong Fundamentals Would Cushion The Blow Of An Oil Shock says India is equipped to handle some strain. The report assumes a base case scenario of oil prices at an average of $130 per barrel for 2026 and $100 in 2027.
Morgan Stanley CEO Says Q1 Was a Good Volatility Environment
Morgan Stanley CEO Ted Pick says he thinks there will be volatility going forward, but it might not be the high levels of “charged” volatility seen so far this year. He speaks with Lisa Abramowicz on "Bloomberg Open Interest." (Source: Bloomberg)
Hotels in US cities forced to slash World Cup prices because of lack of demand
Hotels in US cities forced to slash World Cup prices because of lack of demandSome hotels in US cities, such as Dallas, hosting World Cup games have cut prices by a third in the wake of lacklustre demand from fans deterred by high ticket costs for matchesMoneyGraham Hiscott Business and Consumer Editor16:35, 15 Apr 2026View 3 ImagesDallasis among the World Cup host cities where hoteliers have had to slash prices (Image: Art Wager)Hotels in the US have begun slashing prices for this summer’s Worl...
BOE’s Greene on Iran War Inflation, Rate Hike Expectations
Bank of England Monetary Policy Committee Member Megan Greene examines the potential inflationary impact of the Iran War for the UK and discusses rate hike expectations, supply shocks, and central bank independence. (Source: Bloomberg)