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Motorcycle subsidy fails to deliver relief
While implementation has commenced following the government's announcement of a reduction in petrol prices, the promised relief for motorcycle riders, however, has yet to materialise. The unchanged price of diesel has prevented any reduction in passenger and goods transport fares. Goods transport operators have reportedly increased freight charges by a staggering 60 to 65 per cent, significantly raising the cost of transporting essential food items and daily necessities. In the twin...
Multaqa Al Tujjar Forum in Abu Dhabi unveils ADEED platform to boost supply chain resilience
The Abu Dhabi Chamber of Commerce and Industry hosted the Multaqa Al Tujjar: Private Sector Leaders & Decision Makers Forum at the Abu Dhabi Energy Centre, and it saw participation from senior government representatives and leading figures from the private sector and business community aimed at strengthening coordination, addressing market priorities, and advancing a shared economic agenda. The forum follows high-level meetings held during past weeks, bringing together government bodies and...
The sublime perfection of Raphael
One of the greatest artists of the Italian Renaissance is now the subject of the first comprehensive exhibition of his work ever in the United States, at the Metropolitan Museum of Art in New York City.
Explosive tradie supplier email 'they didn't want you to see' exposes crushing price hike on the way for Aussies in the wake of fuel crisis
Explosive tradie supplier email 'they didn't want you to see' exposes crushing price hike on the way for Aussies in the wake of fuel crisisCost of construction set to blow out Plastic pipes, cement, steel, bitumen to surge READ MORE: Chalmers drops hint on which group of Aussies will be taxed more By NICHOLAS COMINO, POLITICAL REPORTER, AUSTRALIA Published: 15:23, 5 April 2026 | Updated: 15:23, 5 April 2026 e-mail View comments
War opens port opportunity
The illegitimate US-Israeli war against Iran has posed numerous challenges for Pakistan's economy, but it has also created a new opportunity that can be leveraged. The challenges, mainly driven by volatility in the oil market, have created significant uncertainty, as fuel prices at the pump are expected to increase. This is accompanied by fears of shortages of fuel products in the market, potentially leading to temporary closures of educational institutions and the possibility of smart...
Falling remittances and rising energy prices: a double whammy
As Pakistan grapples with the fear of rising inflationary pressure and a swelling energy import bill – both exacerbated by escalating tensions in the Middle East – a deeper vulnerability is beginning to surface. Oil price spikes, driven by fears of supply disruptions through critical chokepoints such as the Strait of Hormuz, are already threatening the country's external account. In such a scenario, the traditional cushion of remittances, long relied upon to offset trade im...
Debt-driven to risk-sharing model
Pakistan's economic debate is often confined to technical discussions – interest rates, fiscal deficits, taxation, and debt sustainability. Beneath these technicalities, however, lies a deeper structural issue: the nature of the financial system itself. An economy driven primarily by risk-free returns and debt accumulation inevitably concentrates wealth, suppresses entrepreneurship, and slows long-term growth. There exists, however, a remarkably sophisticated framework of economi...
Gas shortage halts transport, disrupts schools
Severe difficulties have gripped students, parents and daily commuters in Peshawar and across Khyber-Pakhtunkhwa after the closure of CNG stations due to acute natural gas shortage. Most school van and bus operators have decided to suspend their services because CNG is unavailable, while public transporters who have switched to petrol have sharply increased fares, adding to the financial burden on citizens. CNG filling stations remained shut for the second consecutive day in the provincia...
Taxing YouTubers
The FBR's latest formula to tax YouTubers, based on number of views secured, may be one of the most incoherent bits of rulemaking in the tax collector's history. The proposed policy sets taxes as high as 66% on certain overseas Pakistani content creators, all because of the unawareness of the fact that YouTube does not pay content creators a flat rate. Incomes can vary massively, with most content only making as little as $1 per 1,000 views, while the highest rates, which are rarely...
OPEC+ Plans Symbolic Oil Quota Hike for May
Bloomberg News Equities Reporter Natalia Kniazhevich joins Joe Mathieu and Christina Ruffini on Bloomberg This Weekend to discuss the latest impact the war in Iran is having on the energy markets. Watch the show LIVE every Saturday and Sunday morning. (Source: Bloomberg)
Is the Championship heading for financial 'catastrophe'?
Is the Championship heading for financial 'catastrophe'?Image source, Shutterstock/Getty Images/BBC SportImage caption, Portsmouth chairman Michael Eisner (left) has warned a disaster is looming for the Championship with Sheffield Wednesday and Leicester City in particular suffering financial turmoilByBen AshtonBBC Sport EnglandPublished5 minutes agoCommentsA total of £3bn and counting. That is also how much Championship clubs have lost in the past 10 years.To put it into perspective,...
Afghanistan wants US$10 billion in trade deals with Central Asia
Afghanistan aims to increase trade with Central Asian countries to US$10 billion within the next three or four years, Foreign Minister Amir Khan Muttaqi said on Sunday. Trade with Central Asian countries to Afghanistan’s north came to about US$2.7 billion in 2025, itself a significant increase over previous years, Muttaqi said. He stated Afghanistan’s new trade goal with its neighbours at a “constructive dialogue” meeting in Kabul with representatives from Tajikistan, Turkmenistan, Kyrgyzstan,.....
PM Shehbaz urges provinces to release funds for fuel subsidies
ISLAMABAD: Prime Minister Shahbaz Sharif on Sunday urged provinces to release their funds for the fuel subsidies to facilitate motorcyslists, and public and goods transport amid the unprecedented energy crisis in the country. The federal government on Thursday announced the targeted relief measures to provide subsidised fuel, ending the blanket subsidy for all economic classes. The provinces are taking the lead in administering subsidised fuel quotas. Altogether, the provinces are pooling around...
Couples can claim up to £1,260 in overlooked tax savings after HMRC 'backdating'
Couples can claim up to £1,260 in overlooked tax savings after HMRC 'backdating'Around two million married couples are missing out on Marriage Allowance tax relief worth up to £252 per year - and you can backdate claims for up to four years to get £1,260 backCommentsMoneyAlex Evans Deputy Audience Editor and Niamh Kirk Lifestyle Writer14:10, 05 Apr 2026Updated 14:14, 05 Apr 2026View 2 ImagesCouples may be able to claim 'backdated' tax allowance(Image: coldsnowstorm via Getty...
Major high street bank reopening branches in U-turn after shutting 800 locations
Major high street bank reopening branches in U-turn after shutting 800 locationsIn a major U-turn after shutting 800 branches across the UK - Barclays has announced they are bringing back in-person experiences and value customer service over chatbotsCommentsMoneyNiamh Kirk Lifestyle Writer14:07, 05 Apr 2026Updated 14:07, 05 Apr 2026View 2 ImagesMore branches are set to open after 800 were closed down(Image: Tang Ming Tung via Getty Images)There's nothing more frustrating than getting stuck...
Major high street bank reopening branches in U-turn after shutting 800 locations
Major high street bank reopening branches in U-turn after shutting 800 locationsIn a major U-turn after shutting 800 branches across the UK - Barclays has announced they are bringing back in-person experiences and value customer service over chatbotsCommentsMoneyNiamh Kirk Lifestyle Writer14:07, 05 Apr 2026Updated 14:11, 05 Apr 2026View 2 ImagesMore branches are set to open after 800 were closed down(Image: Tang Ming Tung via Getty Images)There's nothing more frustrating than getting stuck...
The Potential Economic Impact of Ending Birthright Citizenship
The Supreme Court heard oral arguments in Trump v. Barbara to consider whether President Trump's executive order restricting birthright citizenship was constitutional. Princeton University Center for Migration & Development Research Fellow Phillip Connor and University of Notre Dame Keough School of Global Affairs Professor Francesc Ortega join Joe Mathieu and Christina Ruffini on Bloomberg This Weekend to discuss the economic impact the move could have on the country. Watch the show LIVE every...
Hong Kong must not undo the good work of its HK$2 transport scheme
The HK$2 (US$0.26) transport fare scheme for the elderly is one of Hong Kong’s most socially significant success stories. But some of the recent changes, and further ones contemplated, seem to be rowing in a different direction. We need to pause and take stock before we inadvertently undo some of our good work. In the process, we should also take the chance to ensure the long-term affordability of the scheme. The subsidy scheme was introduced in 2012 after an announcement in the 2011 policy...
UAE enters world’s top 10 goods exporters, trade reaches Dh6 trillion
Dubai: The UAE has entered the world’s top 10 merchandise exporters for the first time, ranking ninth globally in 2025, according to the World Trade Organization’s World Trade Outlook and Statistics report. The report highlighted exceptional growth in the UAE’s total external trade, which reached Dh6 trillion ($1.63 trillion) in 2025, up from Dh5.23 trillion ($1.42 trillion) in 2024, a significant growth of nearly 15 per cent. The figures include trade in both goods and services...
Sindh CM secures fare freeze after talks with transporters amid fuel price hike
Sindh Chief Minister Murad Ali Shah on Sunday announced that the government had secured a province-wide fare freeze after successful negotiations with transporters. Following increases in petroleum prices due to the ongoing global oil crisis, provinces have announced a host of relief measures for the public. In Sindh and Punjab, these steps include subsidies for motorcyclists, transporters and small-scale farmers. Addressing a high-level press conference at CM House, CM Murad said that following...