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PM orders swift action against over-invoicing scam, calls taxpayer money trust of nation
Prime Minister Shehbaz Sharif on Wednesday ordered expedited legal action against all those involved in over-invoicing, terming it a “heinous practice” that went unchecked for years due to institutional negligence. Chairing a weekly review meeting on the affairs of the Federal Board of Revenue (FBR), the premier was briefed on a committee report probing over-invoicing. “From 2017 to 2022, this despicable practice continued while the relevant institutions remained consistently...
Stock market today: Nifty50 opens above 24,200; BSE Sensex rallies over 1,200 points
Stock market today: Sensex and Nifty50 rallied strongly in opening trade on Wednesday after optimism surrounding renewed US-Iran peace talks led oil prices to drop. While Nifty50 went above 24,200, BSE Sensex rose over 1,200 points.
Sensex jumps 1,300 points, Nifty above 24,200; RIL up 2%
Sensex jumps points Nifty above RIL up
Russia pledges further oil supplies to Cuba after dispatching crude cargo
Russia will continue helping fuel-hungry Cuba with crucial supplies of oil, Foreign Minister Sergei Lavrov said on Wednesday, two weeks after Moscow sent a tanker with around 700,000 barrels of crude to the Caribbean island. Washington stopped oil exports to Cuba from its main ally Venezuela after capturing Venezuelan President Nicolas Maduro on January 3, triggering acute fuel shortages across the communist-ruled island of almost 11 million people. US President Donald Trump has threatened to...
HSBC’s Liu: Seen Some Flows Into Asia on Mideast Conflict
Ida Liu, CEO at HSBC Private Bank, says clients are looking at Asia amid the conflict in the Middle East, but flows have been "very mild". She speaks with Yvonne Man and David Ingles from the sidelines of the HSBC Global Investment Summit in Hong Kong. (Source: Bloomberg)
Norway oil exports hit record high on Iran war
BusinessInternationalNorway oil exports hit record high on Iran warBy AFP -Apr 15, 2026OSLO, Norway: Norway’s crude oil exports hit a record high in March as the war in Iran and closure of the crucial Strait of Hormuz shipping lane drove up oil prices, Statistics Norway said Wednesday. The Scandinavian country is the largest producer of oil and natural gas in Europe excluding Russia. Around a fifth of global crude oil and liquefied natural gas (LNG) passes through the Strait of Hormuz in peaceti...
Saudi Arabia pledges $3bn fresh deposit, extends $5bn facility through 2028
Saudi Arabia has pledged an additional $3 billion in deposits for Pakistan and has extended its existing $5 billion facility for a further three years, Finance Minister Muhammad Aurangzeb announced in Washington. Pakistan will reportedly return a $3.5bn loan to the UAE this month, putting pressure on its reserves and risking breaches of its International Monetary Fund (IMF) programme targets. He added that the existing $5 billion Saudi deposit would no longer be subject to the previous annual ro...
Oil prices today: Crude steadies after slump as US, Iran eye fresh peace talks
Oil prices dipped for a second day as hopes for US-Iran talks eased supply worries. Brent crude futures fell to $94.27, and WTI to $90.24, though later saw a slight uptick. Diplomatic signals suggest negotiations might restart, potentially impacting flows through the Strait of Hormuz.
Pakistan Secures $3 Billion in Saudi Funding to Bolster Reserves
Pakistan said it secured $3 billion in financial support from Saudi Arabia, helping to bolster its foreign exchange reserves and offset a loan repayment the country will make to the United Arab Emirates.
Dire warning prices of milk and cheese will soar by 20 per cent in yet another blow for hard-up Aussies
Dire warning prices of milk and cheese will soar by 20 per cent in yet another blow for hard-up AussiesIndustry warns that prices are set to riseREAD MORE: Chalmers is told NOT to give Aussies a handout in the next budgetBy NICHOLAS COMINO, POLITICAL REPORTER, AUSTRALIA Published: 04:21, 15 April 2026 | Updated: 04:21, 15 April 2026 e-mail View comments
Sensex, Nifty opening: Will stock market open higher or lower today?
Sensex Nifty opening Will stock market open higher or lower today
Gina Rinehart’s Hancock Prospecting to pay hundreds of millions’ worth of royalties to rival family in ‘half loss half win’
Landmark ruling finds Wright Prospecting successfully made out its contractual claim to 50% of past and future royalties from Hope Downs iron ore projectFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastGina Rinehart’s Hancock Prospecting has lost its bid to retain royalties from the mammoth Hope Downs iron ore project and will be forced to pay Wright Prospecting half of its royalties from the project, worth hundreds of millions of d...
Crorepati Penny Stock: जिसे समझा था 'छुटकू', उस शेयर ने किया कमाल, ₹1 लाख लगाने वाले करोड़पति!
Crorepati Penny Stock
Senate panel flags massive smuggling, tax evasion, revenue losses
• Smuggled diesel sold at Rs240 per litre in Quetta, Rs210 in rural Balochistan; cannabis, opium openly cultivated in Qila Abdullah valley, Senator Farooq says• Customs officials say their presence is limited to settled areas; oil firms absent in several Balochistan areas ISLAMABAD: A Senate panel on Tuesday raised alarm over widespread smuggling, weak enforcement and tax evasion, warning that the unchecked flow of petroleum and other goods, particularly in Balochistan and Khyber Pakhtunkhwa, is...
How much does a factory worker earn in India?
Average monthly income of a salaried manufacturing worker is ₹18,735, which is less than ₹22,699 earned by an average salaried worker across industries in India| India News
SHC hears petition of retailers seeking milk price hike
PakistanSHC hears petition of retailers seeking milk price hikeBy Web Desk-Apr 15, 2026KARACHI: The Sindh High Court (SHC) on Wednesday heard a petition of milkmen seeking increase in profit of retailers. Government lawyer pleaded to the bench for time to submit reply. Petitioner’s lawyer said that Commissioner Karachi has legal authority to determine the milk price. “Milk shops being sealed in the name of sanitary issues”. The lawyer pleaded to court to restrain authorities from action against...
Dubai residents upgrade to bigger homes as market softens
A growing number of long-term Dubai residents are upgrading from smaller apartments to larger units and villas, taking advantage of a cooling in parts of the property market, according to industry insiders.Rohit Bachani, co-founder of Merlin Real Estate, said the trend reflects Dubai’s evolution into a long-term residential hub rather than a transient market.He said residents are moving across segments, with some upgrading from one-bedroom to two- and three-bedroom units, while villa owners in a...
China’s Petrochemical Producers Idle Capacity as Margins Crumble
China’s petrochemical producers, which supply textile and plastics factories, have cut operations to their lowest seasonal level in three years as rising feedstock costs and soft export demand squeezes margins.
Pakistan to further ‘slash’ development budget to fund petrol subsidy
The Pakistan government has decided to create additional fiscal space for a petrol subsidy by further reducing the federal development budget, ARY News reported on Wednesday, citing sources. As per details shared with ARY News by sources familiar with the development an additional Rs63 billion cut has been approved, bringing the total reduction in the federal development budget to Rs163 billion. As a result, the development budget for the მიმდინარე fiscal year has been reduced to Rs837 billion,...
Hormuz blockade: shipping industry slams transit fees as 20,000 seafarers still stranded
The International Chamber of Shipping (ICS) has denounced proposed tolls in the Strait of Hormuz as a worrisome step in the wrong direction, while noting that several thousand stranded seafarers remain the international shipping community’s foremost concern. “Freedom of navigation has to be one of the pillars of free trade, and it would be a retrograde step – a really bad step,” said John Denholm, chair designate of the ICS, referring to the idea of charging vessels to transit the oil...