اقتصاد
18078 مقال
Development budget cut by Rs173b
The government has further deepened the cut on the development budget to Rs173 billion, or 17% of annual allocations. The move aims to offset the impact of the Middle East conflict on the primary budget surplus condition agreed with the International Monetary Fund (IMF) before the war. The Ministry of Finance has now reduced the Public Sector Development Programme (PSDP) to Rs837 billion. This is a reduction of Rs173 billion against the original budget approved by the National Assembly in June...
IMF cuts 2026 global growth forecast on Mideast war
The International Monetary Fund (IMF) cut its 2026 global growth projection on Tuesday, warning that the world economy could be “thrown off course” by war in the Middle East — as the conflict roils commodity markets and sparks higher prices. The global economy is set to grow by 3.1 per cent this year, said the IMF in its World Economic Outlook report, released during its spring meetings in Washington. This is down from 3.3pc forecast in January bef...
SECP grants Buy Now Pay Later licence to Alibaba-owned Koko Tech Pakistan
The Securities and Exchange Commission of Pakistan (SECP) on Tuesday said it had granted a Buy Now Pay Later (BNPL) licence to Alibaba-owned Koko Tech Pakistan Pvt. Ltd (KTPL). “The entry of Alibaba-backed KTPL marks a significant milestone for Pakistan’s digital financial ecosystem,” it said in a press release. The press release further stated: “One of the world’s leading e-commerce and technology companies, Alibaba’s move into Pakistan reflects g...
Dinner for few: Australians eating out less as fuel crisis deals biggest blow to consumer confidence since Covid
Experts say ‘cautious consumption’ shows households bracing for return to extended period of financial pressure experienced during pandemic yearsGet our breaking news email, free app or daily news podcastAustralians are choosing chicken schnitzel over more expensive rib-eye steak, avoiding entrees and sticking with tap water rather than a glass of wine amid ongoing uncertainty surrounding the fuel crisis and war in Iran.As soon as the numbers on the petrol bowser started climbing last month as t...
Energy secretary predicts energy prices may rise, hit peak in ‘next few weeks’
Energy Secretary Chris Wright said Monday that he expects gasoline prices to peak in the next few weeks. “We’re going to see energy prices high and maybe even rising until we get… meaningful ship traffic through the Straits of Hormuz,” Wright said during Semafor’s World Economy event in Washington, D.C. “That’ll probably hit the peak oil price…
Analyst Warns That Oil Prices Threaten Banks
JP Morgan’s earnings look strong, but the real story is beneath the surface says Baird Senior Research Analyst David George. He joined Bloomberg Open Interest to break down why net interest income fears are overblown, why trading gains won’t last, and the one macro risk investors should actually watch: rising oil prices and the ripple effect on consumers and corporate margins. (Source: Bloomberg)
Vinted sales surge to near £1bn as second-hand shopping stays on trend
[{"id":1278657,"path":"/news/transport/driverless-tube-trains-andy-lord-rmt-strike-london-underground-tfl-b1278657.html","title":"Driverless Tube trains given red signal by TfL chief as next week's four-day Tube strike remains on","imageUrl":"https://static.standard.co.uk/2025/10/01/15/58/New-Piccadilly-line-train-Earls-Court.jpeg","standfirst":"Andy Lord says there is ‘no business case’ to axe Tube drivers - as RMT prepares for four-day walkout"},{"id":1278612,"path":"/news/london/met-police-wa...
North Sea oil price rises to record high amid tension over ceasefire
[{"id":1278657,"path":"/news/transport/driverless-tube-trains-andy-lord-rmt-strike-london-underground-tfl-b1278657.html","title":"Driverless Tube trains given red signal by TfL chief as next week's four-day Tube strike remains on","imageUrl":"https://static.standard.co.uk/2025/10/01/15/58/New-Piccadilly-line-train-Earls-Court.jpeg","standfirst":"Andy Lord says there is ‘no business case’ to axe Tube drivers - as RMT prepares for four-day walkout"},{"id":1278612,"path":"/news/london/met-police-wa...
Mamdani's government-run grocery stores will fail 'like every socialist experiment': economist
New York City Mayor Zohran Mamdani announced plans to open the city’s first government-run supermarket in East Harlem next year, a move critics warn could cost taxpayers millions and undercut nearby private grocers.Mamdani vowed during an address celebrating his first 100 days in office Sunday that the city will have five government-run grocery stores by the end of his first term on Jan. 1, 2030, falling in line with promises made during his campaign."I was elected as a Democratic Socialist, and...
ECB's Lagarde on Iran War's Economic Impact, Rates and AI
European Central Bank President Christine Lagarde discusses the impact of the war in Iran and AI on the euro-zone economy with Bloomberg's Francine Lacqua at the IMF’s spring meetings. (Source: Bloomberg)
Zelenskyy announces 'the future is here' after war's first all-robot capture
Ukrainian President Volodymyr Zelenskyy announced Monday that Ukraine had captured a Russian position using an entirely unmanned robot ground force."For the first time in the history of this war, Ukrainian warriors captured an enemy position using exclusively unmanned platforms," he said during a speech to weapons manufacturers on Ukraine's Arms Makers' Day."The future is here, on the battlefield, and Ukraine is creating it," he said in a video posted to X by a Ukrainian journalist.The offensive...
US टैरिफ हुआ कम... भारत ने किया कमाल, IMF ने बढ़ाया ग्रोथ का अनुमान
US IMF
Bessent Warns on Global Imbalance, China Trade Surplus
US Treasury Secretary Scott Bessent said, “the world cannot take a China with a trillion-dollar trade surplus,” as he spoke Tuesday about the “slow motion buildup of trade imbalances” at an Institute of International Finance event. (Source: Bloomberg)
UK economy faces hardest hit of G7 from Iran war says IMF as growth forecast cut
[{"id":1278657,"path":"/news/transport/driverless-tube-trains-andy-lord-rmt-strike-london-underground-tfl-b1278657.html","title":"Driverless Tube trains given red signal by TfL chief as next week's four-day Tube strike remains on","imageUrl":"https://static.standard.co.uk/2025/10/01/15/58/New-Piccadilly-line-train-Earls-Court.jpeg","standfirst":"Andy Lord says there is ‘no business case’ to axe Tube drivers - as RMT prepares for four-day walkout"},{"id":1278612,"path":"/news/london/met-police-wa...
Gunvor Founder Törnqvist Got Over $1 Billion Upfront in Buyout
Gunvor Group’s outgoing owner Torbjörn Törnqvist received over $1 billion in upfront payments as part of a hasty sale of his company to its management, according to documents seen by Bloomberg News.
Lagarde Says EU Economy Between ECB Baseline, Adverse Scenarios
European Central Bank President Christine Lagarde says the euro-zone economy has moved away from the central bank's Iran war base case, though not enough to currently warrant leaning toward raising interest rates. She speaks with Bloomberg's Francine Lacqua at the IMF’s spring meetings. (Source: Bloomberg)
IMF lowers 2026 global growth forecast as war threatens oil supply, inflation
Dubai: The International Monetary Fund has lowered its global growth forecast for 2026, warning that the war in the Middle East has disrupted what had been a stronger economic recovery and could cause more serious damage if energy supplies from the Gulf are hit harder.In its latest World Economic Outlook, released at the Spring IMF Meetings, the Fund lowered its forecast for global growth this year to 3.1 per cent, down from its earlier January estimate, and said inflation is now expected to ris...
War is over for Wall Street, while oil drags down bonds and gold
As the conflict in the Middle East edges towards its eighth week, financial markets are starting to diverge. US stocks have wiped out all the losses incurred since the start of the war, but oil prices are still punishingly high, dragging on both government bonds and gold. There are dramatic disparities in emerging markets too. Brazilian markets have surged and China’s have seen healthy inflows, but a number of smaller, energy-dependent economies are struggling. “The US can manage a...
How one cashed-up Aussie state is looking after itself during the fuel crisis
How one cashed-up Aussie state is looking after itself during the fuel crisisWA has bought its own fuel stockpileIt will cost taxpayers $10millionREAD MORE: Uber to hit Aussies with a fuel surchargeBy AARON BUNCH FOR AUSTRALIAN ASSOCIATED PRESS Published: 15:22, 14 April 2026 | Updated: 15:22, 14 April 2026 e-mail View comments
Tax extension filers beware: Payments are still due to the IRS by April 15
Each year, roughly 20 million Americans file for tax extensions, but many may not realize that any taxes owed are still due to the IRS by April 15.While an extension gives taxpayers until October to file, it does not delay their obligation to pay what they owe — and missing the deadline this week can trigger penalties and interest."The federal tax extension and most state extensions that piggyback on that simply give you six months to finalize your paperwork," Mark Steber, chief tax officer at J...