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Rolls-Royce secures nearly £600m in UK goverment cash to develop small reactors
Engine-maker CEO hails ‘critical milestone’ for company in race to deliver SMR technology built at Wylfa plant on Anglesey Business live – latest updatesRolls-Royce has secured up to £599m from Britain’s national wealth fund as it races to develop the UK’s first small modular nuclear reactors.The fund will help support Rolls-Royce’s design of small modular reactors (SMRs) at Wylfa on the island of Anglesey (called Ynys Môn in Welsh). Continue reading...
Saudi Riyal to Pakistani Rupee Rate Today – April 13, 2026
KARACHI, April 13, 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. The 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...
Why Singapore’s property slowdown is the envy of the rest of Asia
Singapore is at the sharp end of the energy crisis. Imported natural gas accounts for an estimated 95 per cent of the city state’s electricity generation. According to Nomura, Singapore is the fourth most vulnerable Asian economy to the energy shock emanating from the war in Iran, based on a set of criteria that includes the share of fossil fuels in energy consumption and the proportion of energy imports from the Gulf. Last month, Singapore’s Foreign Affairs Minister Vivian Balakrishnan said the...
Vistry promotes Adam Daniels to top job after speedy search
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Business leaders warn Rachel Reeves her 'holiday tax' will add £500million a year to UK costs
Business leaders warn Rachel Reeves her 'holiday tax' will add £500million a year to UK costsGet your news delivered straight to you by 7am - sign up to our new Morning Mail newsletter for FREE By MATT STRUDWICK, SENIOR NEWS REPORTER Published: 09:27, 13 April 2026 | Updated: 09:35, 13 April 2026 e-mail View comments
Dollar and Other Currency Rates in Pakistan Today- April 13, 2026
Karachi, April 13, 2026 – The State Bank of Pakistan (SBP) has published its latest Mark-to-Market (M2M) currency rates for authorized dealers, providing updated reference rates for foreign currency transactions against the Pakistani Rupee (PKR). Here’s a comprehensive breakdown of today’s key currency rates for traders, importers, exporters, and remittance senders. US Dollar (USD) at PKR 278.98 The US Dollar, Pakistan’s most traded foreign currency, is quoted at PKR 278.98 (r...
WATCH: So you think you know the F1 drivers?
How well do you know the F1 drivers? You might know their racing stats, and who is friendly on the grid, but there is so much more to the 2026 cohort of drivers than that...
Fund Managers Seek Reporting Crackdown After Philippines Scandal
Money managers led by BNP Paribas Asset Management and Robeco Institutional Asset Management BV are putting pressure on the Philippine government to introduce stricter reporting standards for state-backed projects, following a corruption scandal tied to flood infrastructure.
China Starts Bankruptcy Liquidation of Shadow Bank Zhongzhi
A Beijing court has ordered the liquidation of Zhongzhi Enterprise Group Co. and its more than 300 affiliated companies, in a major step toward winding down one of China’s largest shadow banking conglomerates.
Fitch retains Pakistan's rating at B-
Fitch on Monday kept Pakistan’s highly speculative credit rating of B negative unchanged against hopes for an upgrade and said that Islamabad’s role as a “ceasefire broker” will partly offset external account pressures despite $3.5 billion bilateral debt repayments this month. The rating agency first said that Pakistan has “repaid” $3.5 billion to the United Arab Emirates, but then rectified its statement and said that a “$3.5 billion deposit will...
Fitch affirms Pakistan’s ‘B’ rating with stable outlook, cites improving economic stability
ISLAMABAD: Global credit rating agency Fitch Ratings has affirmed Pakistan’s sovereign rating at ‘B’ with a stable outlook, highlighting signs of improving financial discipline and macroeconomic stability. In its latest assessment, Fitch stated that maintaining the rating reflects better fiscal management and gradual economic stabilization, supported by ongoing reforms under the International Monetary Fund (IMF) programme. The agency noted that Pakistan is likely to receive a $1.2 billion tranch...
China, the Iran war and the chemical suddenly stoking global supply fears
China’s reported decision to halt sulphuric acid exports, together with the failure of peace talks between the United States and Iran over the weekend, risks driving prices higher and disrupting global mining and fertiliser supply chains that have few readily available alternatives. Beijing had indicated it would halt shipments of sulphuric acid from May, according to reports from Acuity Commodities and Bloomberg, though no official announcement has been made. Economists said food security sat.....
UAE exporters stay confident on growth even as risks evolve
Dubai: Companies across the UAE and global markets continue to expect export growth in 2026, even as the Middle East conflict reshapes financial conditions and risk dynamics across global trade.Sign up for our daily business newsletter, Cheques & Balances.The latest Allianz Trade Global Survey, which covered 6,000 firms across 13 markets during February and March, shows that more than seven in ten companies remain optimistic about export performance this year. That resilience reflects steady dem...
You can earn in lakhs selling feet photos, but is it legal in India?
You can earn in lakhs selling feet photos but is it legal in India
Several FBR officials fail to declare assets
ISLAMABAD: It has been revealed that several officials of the Federal Board of Revenue (FBR) have failed to declare their assets, a key requirement under reforms agreed with the International Monetary Fund (IMF). According to official sources, the FBR has completed scrutiny of asset declarations, which uncovered that a number of officers did not comply with the requirement to submit details of their assets and liabilities. The tax authority has issued a formal communication to all members, chief...
Oil jumps as Hormuz blockade plan rattles markets, stocks fall
Dubai: Oil prices climbed at the start of the week while global equities and bonds came under pressure, after the US confirmed plans to impose a blockade around Iranian ports, raising concerns over energy supply and market stability.Sign up for our daily business newsletter, Cheques & Balances.Brent crude rose around 7% to just under $102 a barrel, reflecting fears that tighter controls around the Strait of Hormuz could disrupt flows through one of the world’s most critical energy corridors. The...
Martin Lewis says you can cut cost of petrol or diesel by almost a third
Martin Lewis says you can cut cost of petrol or diesel by almost a thirdPrices continue to rise at the pump thanks to the war in IranCommentsMoneyNeil Shaw Assistant Editor (Money and Lifestyle)08:36, 13 Apr 2026View 3 ImagesMartin Lewis has advice on driving costsMoney Saving Expert Martin Lewis has explained how to cut the cost of your driving by up to 30 per cent. Most drivers assume cutting petrol or diesel costs means driving less, but personal finance expert Martin Lewis says small changes...
Silver Rate in Pakistan Today- Chandi Ki Qeemat- April 13, 2026
Karachi, April 13, 2026 – Silver prices in Pakistan have maintained firm upward momentum today, with the chandi ka rate at Rs. 9,002 per tola—demonstrating sustained strength driven by international precious metals trends and active local demand. This performance continues the recent positive pattern, as silver remains highly responsive to global market signals and safe-haven buying interest. Current local rates stand at Rs. 7,716 per 10 grams and Rs. 771.6 per gram, supported by international s...
Oil price tops $100 a barrel after US-Iran talks fail and Trump orders strait of Hormuz blockade
US Navy to impose blockade today in bid to choke off flow of Iranian oil Explainer: strait of Hormuz blockadeBusiness live – latest updatesOil prices have jumped back above $100 a barrel after weekend talks between the US and Iran ended without an agreement and Donald Trump imposed a blockade of the strait of Hormuz.The US president announced the blockade on Sunday, targeting Iranian vessels and ships that have paid a toll to Iran for passage through the strait, in an attempt to choke off the fl...
Buying an EV in Karnataka? New tax laws could make your electric car costlier
Karnataka has officially ended the tax-free status for budget electric vehicles. Under the Karnataka Motor Vehicles Taxation (Amendment) Act, all electric four-wheelers will now attract a lifetime tax based on their cost.