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Provinces urged to lead SME financing efforts
The Small and Medium Enterprises Development Authority (SMEDA), on advice of the Special Assistant to PM Haroon Akhtar Khan, convened a series of five meetings with regional stakeholders, including banks and industries departments of Sindh, Balochistan, Khyber-Pakhtunkhwa, AJK and Gilgit-Baltistan (G-B) for equitable promotion of the SME financing across Pakistan. Nadia Jahangir Seth, Chief Executive Officer of SMEDA, convened the meetings today in collaboration with the State Bank of Pakis...
Pakistan must turn diplomacy into economic success
When Pakistan's Prime Minister Shehbaz Sharif posted a carefully worded appeal on X in the early hours of Wednesday, requesting President Trump to extend his deadline by two weeks and simultaneously urging Iran to open the Strait of Hormuz as a gesture of goodwill, few expected that within hours the world would be exhaling its first collective breath of relief in over five weeks. But that is precisely what happened. Trump agreed to suspend aggressive attacks on Iran for two weeks, foll...
War impact looms as remittances dip 5% YoY
Pakistan's workers' remittances posted a year-on-year decline in March 2026, reflecting emerging external risks even as overall inflows remain strong, with analysts warning that escalating geopolitical tensions in the Middle East could weigh on future trends. According to the latest data released by the State Bank of Pakistan (SBP), remittances stood at $3.83 billion in March, down about 5% compared with $4.05 billion in the same month last year, although inflows increased 17% on a...
Govt seeks $1b ADB climate loan
The government has decided to take a $1 billion budget support loan for making policies to deal with climate disaster but deferred approval of a $40 million project due to exorbitant rates quoted for buying furniture and laptops by using a foreign loan. The Central Development Working Party (CDWP) approved the concept clearance proposal for taking the $1 billion loan from the Asian Development Bank (ADB) under the second tranche of the Climate Disaster Resilience Enhancement Programme (CDR...
Mills demand sugar export
The Pakistan Sugar Mills Association (PSMA) has appealed to the government to immediately export the surplus sugar produced during the current crushing season 2025-26 in order to boost the country's foreign exchange reserves. A spokesperson for the association stated that as of November 15, 2025, the carry-forward stock from the previous season stood at 271,704 metric tons, comprising 117,541 metric tons of local sugar and 154,163 metric tons of imported sugar. According to data from...
Al Filahi Cash Partners with Moroccan Pharmacists to Boost Digital Payments
Agadir – Al Filahi Cash, a subsidiary of Crédit Agricole du Maroc, has signed a partnership agreement with the Confederation of Pharmacists’ Unions of Morocco (CSPM), aiming to modernize payment systems across the country. “Proud to announce the signing of a strategic partnership with the Confederation of Pharmacists’ Unions of Morocco (CSPM) to deploy TPEs adapted to pharmacies,” announced the general director manager El Ansari Fahd. The agreement focuses on equipping pharmac...
Scottish Labour pledges £30m to top up artists’ income to a living wage
Anas Sarwar says scheme would be part of overhaul of arts funding in ScotlandLabour has pledged to spend £30m on giving Scottish artists and musicians a living wage, mirroring a similar scheme in Ireland guaranteeing artists a basic income.Anas Sarwar, the Scottish Labour leader, said the scheme would be part of a deeper shake-up of cultural funding in Scotland by integrating arts and culture into the Scottish government’s economic strategies if his party won power in next month’s Holyrood elect...
Last-minute tips if you haven't filed your taxes yet
CBS News business analyst Jill Schlesinger gives last-minute tax tips for anyone who hasn't filed yet. Most Americans have until April 15 to file their tax return, request an extension to file and pay any taxes owed. (Sponsored by Edward Jones)
Nigerian Dual-Listed Stocks Rally on Frontier Index Return
Nigerian stocks with overseas listings outperformed Wednesday after index provider FTSE Russell said it would allow the country’s equities to return to its frontier-markets benchmark later this year.
Sindh CM extends lifeline amid fuel spike
Sindh Chief Minister Murad Ali Shah on Wednesday approved a targeted public transport subsidy programme and sanctioned additional financial assistance for small farmers as part of a comprehensive strategy to cushion the impact of rising global fuel prices. Chairing a meeting at his office, CM Shah reviewed measures aimed at keeping public transport fares affordable and ensuring the sustainability of the sector amid a sharp increase in petrol and diesel prices. The meeting was informed tha...
Treasury Auctions Get Scoured for Signs of Foreign Demand Slump
Auctions of 10- and 30-year Treasury debt this week face scrutiny for signs of flagging foreign demand after several of last month’s sales, the first ones since the US attacked Iran, were shunned by overseas investors.
Hedge Funds Closing Stock Short Bets at Fastest Pace Since 2020
MarketsHedge Funds Closing Stock Short Bets at Fastest Pace Since 2020FacebookXLinkedInEmailLinkGiftFacebookXLinkedInEmailLinkGiftGift this articleContact us:Provide news feedback or report an errorConfidential tip?Send a tip to our reportersSite feedback:Take our SurveyNew WindowFacebookXLinkedInEmailLinkGiftBy Natalia KniazhevichApril 8, 2026 at 3:29 PM UTCBookmarkSaveHedge funds are rushing to close out bets against US stocks at a pace not seen since the market rebounded from the crash set of...
Activist Investors Surge in Volatile Markets
Activist investing is booming despite market uncertainty. Darren Novak, the Global Co-Head of Shareholder Engagement and M&A Capital Markets at JP Morgan joined Bloomberg Open Interest to explain why volatility, undervaluation, and record M&A activity are fueling a global surge in campaigns, and how evolving tactics are forcing boards to rethink how they engage with investors. (Source: Bloomberg)
Cattle market auction faces deadlock
Bidders have formed a united front against the decision to start the auction of the Bhata Ground cattle market contract at a reserve price of Rs4 billion, leading to the failure of two bidding attempts. The third open auction is now scheduled for April 13 after the previous two attempts collapsed when bidders collectively demanded the removal of the reserve price condition and insisted that bidding begin from last year's rates. Last year, the contract for a 15-day Eidul Azha cattle mar...
What happens if your bank account is levied with no money in it?
MoneyWatch: Managing Your Money What happens if your bank account is levied with no money in it? 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 Angelica Leicht Angelica Leicht Senior Editor, Managing Your Money Angelica Leicht is the senior editor for the Managing Your Money section for CBSNews.com, where she writ...
Global markets react to U.S.-Iran ceasefire news
Investors are reacting to news of a ceasefire between the U.S. and Iran. CBS News contributor Javier David has more.
$10,000 CD vs. $10,000 traditional savings account: Here's why the CD is the better choice now
MoneyWatch: Managing Your Money $10,000 CD vs. $10,000 traditional savings account: Here's why the CD is the better choice now 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 Managing Your...
Exxon Lost 6% of Global Production Amid Iran War
Exxon Mobil Corp. saw 6% of its global output knocked out in the first quarter as oil and natural gas operations in the Persian Gulf were paralyzed by the Iran war. Kevin Crowley reports on Bloomberg Television. (Source: Bloomberg)
Cuts to NDIS to be focus of Labor’s quietly launched ‘razor gang’ ahead of May budget
Exclusive: Taskforce led by former Treasury official Anthea Long will advise on cost-cutting options for $52bn programGet our breaking news email, free app or daily news podcastLabor has quietly established a razor gang to drive budget savings in the national disability insurance scheme, as it works to further rein in costs ahead of next month’s federal budget.An NDIS Sustainability Taskforce was established within the health department earlier this year, with instructions from the federal gover...
Polish Demand for Mortgages Surges to 2008 High on Iran Risks
The war in Iran has sent demand for mortgages in Poland to an 18-year-high as loan seekers sought to lock in borrowing rates amid risks that a spike in inflation could lead to an increase in interest rates.