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ADB to support Pakistan’s solar transition, power sector reforms
ISLAMABAD: The Asian Development Bank (ADB) is expected to provide financial and technical support for the transition of solar power to battery energy storage systems, as well as for integrated planning, digitisation, and data governance in Pakistan’s power sector. This was indicated on Tuesday during a meeting of the ADB delegation with the Power Division, ahead of an upcoming visit by the ADB’s vice president to Pakistan later this month. “ADB is conducting studies on the impact of rooftop sol...
Gas prices are skyrocketing. This is the county with the most expensive average in America
NewsWorldAmericasGas prices are skyrocketing. This is the county with the most expensive average in AmericaSome Americans have reportedly started traveling 120 miles across state borders for cheaper gasolineBryony Gooch Tuesday 07 April 2026 11:44 BSTBookmarkCommentsGo to commentsBookmark popoverRemoved from bookmarksClose popover{"translations":{"comments":"Go to comments","share":"Share","copyLink":"Copy link","bookmark":"Bookmark","removeBookmark":"Remove bookmark"},"showComments":true,"showB...
'Economically naive, ignorant and at times stupid': Labour blasted as Iran war sends Britain hurtling towards recession
'Economically naive, ignorant and at times stupid': Labour blasted as Iran war sends Britain hurtling towards recessionBy HUGO DUNCAN, BUSINESS EDITOR Updated: 11:44, 7 April 2026 e-mail 31 View comments
Emirates NBD launches fee relief package as support amid regional pressures
Dubai: Emirates NBD has introduced a temporary support package aimed at helping small and medium-sized businesses manage costs and cash flow over the coming months.Get updated faster and for FREE: Download the Gulf News app now - simply click here.The Dubai-based lender said the initiative offers a range of fee waivers and discounts designed to support daily business operations as companies navigate current regional conditions.The measures include:Waiver of loan deferment feesRemoval of interna...
Silver Rate Today in Pakistan – April 7, 2026
Karachi, April 7, 2026 – Silver prices in Pakistan have shown firm strength today, with the chandi ka rate at Rs. 7,622 per tola—demonstrating sustained momentum driven by international precious metals trends and active local demand. This performance continues the recent positive pattern, as silver remains responsive to global market signals. Current local rates stand at Rs. 6,533 per 10 grams and Rs. 653.3 per gram, supported by international spot silver activity and its reliable linkage to gol...
Butlin's boss issues price warning as seaside holiday chain axes 250 jobs
EXCLUSIVE: Butlin's boss issues price warning as seaside holiday chain axes 250 jobsThe head of famous holiday resort Butlin's raises alarm about soaring cost pressures and warns proposed "tourist tax" could kill off its cheapest breaksCommentsMoneyGraham Hiscott Business and Consumer Editor11:38, 07 Apr 2026View 5 ImagesJon Hendry Pickup, the CEO of Butlin's, at the holiday company’s Bognor Regis resort(Image: Adam Gerrard / Daily Mirror)The boss of Butlin’s has warned...
How Kolkata Knight Riders’ Dh10 million Green investment backfired
Kolkata Knight Riders must have bet on a Green future when they invested Rs252 million (approx Dh10 million) to buy 26-year-old Cameron Green in what turned out to be the most expensive purchase of this season’s Indian Premier League (IPL).Instead, the Shah Rukh Khan co-owned side find themselves massively shortchanged, with the Australian all-rounder lasting a mere 14 balls in the three matches he has batted so far in scoring 24 runs and not bowling a single ball.For the record, Kolkata have l...
Kentucky bourbon in crisis as distillers cut production but bet billions on future
NewsWorldAmericasKentucky bourbon in crisis as distillers cut production but bet billions on futureTariffs and inflation have driven up input costs and dampened overseas demand, with potential fallout from the Iran war threatening to further increase energy expensesEmma Rumney & Nicholas P. BrownTuesday 07 April 2026 11:30 BSTBookmarkCommentsGo to commentsBookmark popoverRemoved from bookmarksClose popover{"translations":{"comments":"Go to comments","share":"Share","copyLink":"Copy link","bookma...
How Bill Phillips used flowing water to model the economy
Bill Phillips was an outsider to economics, but he used a machine and a chart to change the way we think about the government's role in a capitalist economy.(Image credit: Julian Frost for Planet Money: A Guide To The Economic Forces That Shape Your Life )
Physical oil prices hit record highs near $150 a barrel as Hormuz crisis worsens
European and Asian refiners are paying record high prices of near $150 a barrel for some crude oil grades, far exceeding prices for paper futures, highlighting the worsening supply crisis from the U.S.-Israel war with Iran. The Iran war has forced the shutdown of at least 12 million barrels per day – about 12% of world supply – from the Middle East due to Iran’s effective closure of the Strait of Hormuz. As a result, Brent oil futures reached $119.50 a barrel last month, th...
Trade unions tell Ed Miliband to allow more North Sea oil and gas drilling or see Labour 'pay the price' at May's local elections for 'act of self-harm'
Trade unions tell Ed Miliband to allow more North Sea oil and gas drilling or see Labour 'pay the price' at May's local elections for 'act of self-harm'By GREG HEFFER, POLITICAL CORRESPONDENT Published: 11:27, 7 April 2026 | Updated: 11:27, 7 April 2026 e-mail View comments
Singapore set to be hit by global energy crisis as it unveils countermeasures
Singapore’s economy will inevitably be hit by the global energy crunch even though it is in a better position to deal with the crisis compared with its neighbours, according to analysts, as the city state unveiled a raft of measures to help households and businesses. The conflict in the Middle East has roiled supply chains and sent fuel prices soaring in Southeast Asia, with governments scrambling to enforce measures such as fuel caps and work-from-home mandates. Singapore ministers in...
UAE Dirham to Pakistani Rupee Rate Today – April 7, 2026
Dubai / Karachi, April 7, 2026 – The UAE Dirham (AED) is trading at 76.06 Pakistani Rupees in the open market today, holding steady with minimal movement from recent levels. The pair remains firmly within the narrow 76.00–76.50 PKR range that has defined trading for the past several months, offering the kind of predictability that Pakistani expatriates and their families have come to rely on. The Dirham’s reliable performance stems from its fixed peg to the US Dollar at 3.6725 AED per USD — a po...
Air India CEO steps down early as losses mount
Air India CEO steps down early as losses mount25 minutes agoShareSaveAdd as preferred on GoogleAbhishek DeyGetty ImagesWilson, a former Singapore Airlines executive, was brought in to lead a turnaround after Tata Group bought Air India from the Indian government in 2022Air India's chief executive officer Campbell Wilson has resigned as the airline deals with challenges, including financial losses and the aftermath of a deadly crash last year that killed 260 people.Wilson, whose term was se...
Man Utd handed timely £35m boost to kickstart ambitious summer transfer plans
Man Utd handed timely £35m boost to kickstart ambitious summer transfer plansManchester United have plans to overhaul their midfield this summer and Juventus are understood to be eyeing up Manuel Ugarte, who has fallen out of favour at Old TraffordCommentsSportDaniel Marsh Senior Sports Reporter11:09, 07 Apr 2026View 3 ImagesManuel Ugarte looks likely to leave Manchester United in the summer(Image: James Gill - Danehouse/Getty Images)Manchester United are ready to part ways with Manuel Ugarte th...
Interest rates on plan 2 and 3 student loans to be capped at 6%
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Traders reject early market closure policy
ISLAMABAD: The President of the All Pakistan Anjuman-e-Tajiran (APAT), Ajmal Baloch, has strongly opposed the government’s decision to enforce early market closures, stating that traders across the country will not shut shops before 10pm, ARY News reported. Baloch urged Prime Minister Shehbaz Sharif to review the decision to close markets early, warning that the move would create serious difficulties for the business community in Pakistan. He emphasized that shutting shops at 8pm was “unacceptab...
Saudi Riyal to Pakistani Rupee Rate Today – April 7, 2026
KARACHI, April 7, 2026: The Saudi Riyal (SAR) is trading at Rs74.42 against the Pakistani Rupee (PKR) in today’s open market, according to leading currency dealers in Karachi. The selling rate remains around Rs74.99. he pair continues to stay firmly locked in the same exceptionally narrow, low-volatility channel it entered in early January 2026 — now stretching well beyond twelve weeks of remarkably flat price action. Today’s unchanged level keeps the rate significantly below the 2025 mid-year h...
Beyond Russian oil, China also increases appetite for Ukrainian wheat flour
China is expanding its agricultural trade with Ukraine with further opening of its wheat flour market, a move that underscores its pragmatism and balanced diplomacy as it also increases energy imports from Russia. On Monday, China’s ambassador to Ukraine, Ma Shengkun, signed a protocol with Ukrainian officials regarding inspection, quarantine and sanitary requirements for the export of Ukrainian wheat flour to China, the embassy in Kyiv said in a social media post . The agreement would broaden.....
Beer cans, helium balloons and mortgages: An unexpected mix of things affected by the war
Economy Beer cans, helium balloons and mortgages: An unexpected mix of things affected by the war April 7, 20266:00 AM ET By NPR Staff Loading... The Iran war has been catastrophic for global oil and gas supplies, sending prices soaring. Drivers are paying a steep price at the pump every time they fuel up. Now, a host of other unexpected shortages and price spikes are starting to pop up, which stand to affect people's lives and pocket books. In South Korea, the president urged citizens to...