اقتصاد
17877 مقال
Gas supply suspension announced for THIS group of consumers
KARACHI: Sui Southern Gas Company Limited (SSGC) has announced a 24-hour suspension of gas supply to industries starting tomorrow, Sunday, ARY News reported. According to the SSGC statement, gas supply will remain suspended for industries and captive power plants from 8:00 AM on Sunday until 8:00 AM on Monday. The SSGC stated that the decision was made for gas load management across various sectors and to maintain line-pack pressure within the system. The company further explained that while the...
Hong Kong proposes mandatory renovation briefings to combat bid-rigging
Hong Kong authorities have proposed a legal amendment requiring property owners to attend a mandatory briefing on major renovation projects before voting on procurement resolutions, in a move aimed at curbing bid-rigging following the deadly blaze in Tai Po. Speaking on a radio programme on Saturday, Secretary for Home and Youth Affairs Alice Mak Mei-kuen said the proposed amendment to the Building Management Ordinance, which covers five areas, sought to enhance homeowners’ participation and...
Dubai unifies real estate and residency services under one system
Dubai: The General Directorate of Identity and Foreigners Affairs – Dubai (GDRFA Dubai), and the Dubai Land Department have signed a memorandum of understanding to bring real estate and residency services under one system.The agreement, signed by Lieutenant General Mohammed Ahmed Al Marri and Omar Hamad Bu Shehab, aims to simplify procedures and improve the overall experience for residents, investors and property owners.Get updated faster and for FREE: Download the Gulf News app now - simply cli...
Omani Riyal to Pakistani Rupee Rate Today – Apr. 11, 2026
As of today, April 11, 2026, one Omani Riyal (OMR) is trading at 725.47 Pakistani Rupees (PKR), a small drop from last week’s 725.92 PKR. For those in Badin and across Sindh watching the OMR to PKR exchange rate, the pair continues to move in a very tight, low-volatility range even as the Iran conflict and its effects on oil markets create uncertainty in the background. The Omani Riyal (﷼) keeps its long-held stability, pegged to the US Dollar at 2.6008 since 1986 and supported by OmanR...
Odd Lots: The Big Macro Force That’s Kept Stocks High (Podcast)
Stocks have gone up over the years because corporate earnings continue to grow. That part is straightforward. But in addition to rising stock prices, we’ve also seen rising stock market valuations. For years, investors have talked about stocks being unreasonably priced, and yet they haven’t reverted to historical norms. But perhaps there’s a good explanation for this, beyond just animal spirits. Jonathan Heathcote is an economist at the Minneapolis Federal Reserve Bank, who recently co-authored
Copper Price Today in Pakistan – 1 Kg Tamba Rate April 11, 2026
Searching for the current copper price in Pakistan today or the 1 kg tamba rate on April 11, 2026? High-quality Millberry scrap copper is trading at approximately Rs. 5,500 per kg in major markets like Karachi, Lahore, Islamabad, and Gujranwala. Refined new copper continues to command a premium, typically ranging from Rs. 5,800 to Rs. 6,200+ per kg depending on purity, supplier, and location. Globally, copper prices have shown strength recently, with the benchmark rising to around $5.86–$5.87 pe...
Pakistan sends fighter jets to Saudi Arabia under mutual defence pact
Pakistan has sent fighter jets and other military forces to Saudi Arabia to boost security under a defence pact between the two countries, the kingdom's defence ministry said on Saturday. In September 2025, Pakistan and Saudi Arabia signed a landmark “Strategic Mutual Defence Agreement”, declaring that “any aggression against either country shall be considered an aggression against both”. The pact was signed during Prime Minister Shehbaz Sharif’s visit to Riyad...
Cement Price in Pakistan- April 11, 2026
As of April 11, 2026, cement prices in Pakistan for a standard 50kg bag of ordinary Portland cement (OPC, typically 53 grade) range from approximately Rs. 1,375 to Rs. 1,450, depending on the region, quality, and local market conditions. The nationwide average sits around Rs. 1,390 to Rs. 1,430 per bag, showing relative stability with only modest upward adjustments in recent weeks. In major cities: Karachi and southern markets (including Sindh areas) often see slightly lower rates, typically Rs...
How the Gulf conflict recast risks for Asian investors in Dubai
Asian digital entrepreneurs that once saw Dubai as a safe, well-connected base for global expansion are now reassessing that view after the US-Israel war on Iran exposed vulnerabilities in the city’s appeal as a financial and technology hub. For many investors and founders from India, China and Southeast Asia, the strain is not just about physical security but also about what disruption around the Strait of Hormuz has revealed about liquidity, credit and market confidence. Dubai has in recent...
Dubai a land of promising opportunities: Sheikh Maktoum bin Mohammed - Emirates 24|7
Dubai a land of promising opportunities: Sheikh Maktoum bin Mohammed Emirates 24|7
Dubai Chambers explores deeper economic ties with China during CCPIT Shanghai talks - Emirates 24|7
Dubai Chambers explores deeper economic ties with China during CCPIT Shanghai talks Emirates 24|7
From Boston to Denver, US drivers cut back as Iran war pushes fuel costs higher
NEW YORK: Boston resident Pat Ouedraogo has cut longer-distance trips, while aspiring law student Skyler Burke drives extra miles to avoid pricier gasoline pumps closer to home. In Houston, auto broker David Wright has switched from a gas-guzzling race car to an all-electric vehicle. These struggles are being echoed by motorists across the United States, many of whom have grown increasingly wary of the Iran war as it drives fuel prices toward record highs. Energy market experts have described...
Global wealth gap grows as aid to world’s poorest sees record drop
The gap between rich and poor nations is growing even wider as actions agreed to by many countries last year, including overhauling the major global financial institutions, remain unfulfilled promises, a UN report has concluded. The report assessing the blueprint adopted in Seville, Spain, last June to narrow the gap and achieve UN development goals for 2030 was issued ahead of next week’s spring meetings in Washington of the International Monetary Fund and the World Bank, the main global...
Gold prices drop in Pakistan — April 11, 2026
KARACHI: Gold prices in Pakistan declined on April 11, 2026, in line with trends in the global bullion market amid ongoing geopolitical developments and US–Iran peace talks in Islamabad. In the local market, the price of 24-karat gold per tola fell by Rs700 to Rs496,962, compared to Rs497,662 on the previous trading day, according to rates issued by the All Pakistan Sarafa Gems and Jewellers Association. Similarly, the price of 10 grams of 24-karat gold decreased by Rs600 to Rs426,064 from Rs426...
‘Cancelling orders’ in China: how Hormuz oil crisis is hitting transport, manufacturing
As the Strait of Hormuz reopened and closed again this week, manufacturers across China are navigating a roller coaster of concerns rooted in supply and pricing volatilities. Soaring oil prices have already filtered through to processed fuel and petroleum-based raw materials that help power China’s manufacturing sector – the world’s largest – and a fragile two-week ceasefire between Iran and the United States is unlikely to restore pre-conflict stability in the near term, according to industry.....
UAE pulls US$3.5 billion from Pakistan after Iran war mediation
Days before Pakistan had helped to secure a ceasefire in the Iran war this week, the United Arab Emirates was seeking repayment of a US$3.5 billion deposit from Islamabad’s central bank. The withdrawal, brushed off as a “routine financial transaction” by Pakistan’s foreign ministry, equated to roughly 21 per cent of the country’s foreign exchange reserves. It was accompanied by a wave of criticism on Emirati social media directed at Islamabad. “When our security is directly threatened, we hear.....
Gold prices drop by Rs700 in Pakistan as global rates fall
Gold prices saw a minor decline in Pakistan on Saturday after prices in the international bullion market dropped by $7 per ounce, bringing the new global rate to $1,746 per ounce. Following global trends, local bullion markets also experienced a decline. The price of 24-carat gold per tola dropped by Rs700, bringing it to Rs496,962. The price of 10 grams of gold decreased by Rs600 to Rs426,064. In contrast, silver prices rose in the country. The price per tola increased by Rs50 to Rs8,064...
Global Funds Flee Indian Stocks at Record Pace on Growth Fears
Global funds are dumping Indian equities at a record clip as an energy shock from the US-Iran war threatens to derail the outlook of the world’s fastest-growing major economy.
IOI Properties Files REIT Listing That May Raise $500 Million
IOI Properties Group Bhd. plans to establish a real estate investment trust holding its retail, hotel, and office assets, followed by a listing that could raise about 1.98 billion ringgit ($500 million) for the Malaysian developer.
Capital under tight security with major traffic restrictions imposed
Strict traffic restrictions were imposed across the federal capital on Saturday as US Vice President JD Vance arrived in Islamabad to participate in the US-Iran peace talks, with key highways closed and diversions put in place while authorities sealed multiple routes and restricted access to sensitive areas. Islamabad Police, in a traffic advisory posted on X, said diversions had been implemented on the Islamabad Expressway and Srinagar Highway, while public transport on the Expressway had...