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NPMC reviews transport fares, supply chain
Planning Minister Ahsan Iqbal on Saturday chaired an online meeting of the National Price Monitoring Committee (NPMC), reviewing prices of essential commodities, transport fares and the overall supply chain situation across the country. The meeting was briefed by the Pakistan Bureau of Statistics (PBS) that transport costs had witnessed a significant decline due to government subsidies, with fares reduced by 20 to 30 percent in several cities, a news release said. However, taking notice of inc...
KSA, Qatar offer $5b assistance to Pakistan
Saudi Arabia and Qatar will provide Pakistan $5 billion in financial assistance, enabling Islamabad to avert stress on the country's weak foreign reserves while making external payments by June, Pakistani official sources told Anadolu on Saturday. The development comes as Islamabad is set to repay a $3.5 billion debt to the UAE by the end of the month. Riyadh has assured Islamabad of its financial support amid mounting external pressures and rising costs linked to the ongoing tensions in th...
The great gold squeeze
Gold, in the subcontinent, has always been much more than just a metal you can buy and sell—it’s embedded in our social and emotional lives. It lives in velvet-lined boxes that smell faintly of stale attar and old wood, in musty bank lockers visited before weddings, in the quiet arithmetic of mothers who expertly weigh bangles against their children's futures. It is flashed loudly—stacked on wrists, layered at the throat—but its meaning is often whispered: security, s...
Price monitoring committee directs Sindh govt to take corrective measures against rising fares in Karachi
ISLAMABAD: The National Price Monitoring Committee (NPMC) on Saturday reviewed the prices of essential commodities, transport fares and directed the Sindh government to take corrective measures regarding rising fares in Karachi. On April 5, Sindh Chief Minister Murad Ali Shah had announced that the government had secured a province-wide fare freeze after successful negotiations with transporters. However, citizens using public transport in Karachi continue to pay inflated fares, it has emerged....
Aradei Capital and LabelVie Launch Major Solar Energy Program Across Morocco
Agadir – Aradei Capital and LabelVie have announced the launch of a large-scale solar energy program aimed at equipping their sites with photovoltaic power systems, contributing to the national energy transition strategies. The initiative will see the deployment of solar installations across the companies’ real estate portfolio. The first phase of the project, currently underway, covers nine sites with around 25,000 m² of rooftop space equipped and an installed capacity of 5 MWp expected t...
Return of the rising curve
The Global Terrorism Index (GTI), published annually by the Institute for Economics & Peace, has over time established itself as one of the most widely referenced composite measures of terrorism worldwide. It does not simply count incidents; it synthesises multiple indicators—number of attacks, fatalities, injuries, and hostage-taking—into a single score that reflects both the scale and the impact of terrorism within a country. By aggregating longitudinal data and applying a weig...
African Startups Face Reality Gap Between Global Models and Local Markets
Marrakech – African startups face a persistent gap between global expectations and local realities, and this challenge continues to slow their ability to scale across the continent. That was a key takeaway from the “Africa’s Tech Builders: Scaling Real Infrastructure for 2030” panel at GITEX Africa 2026 in Marrakech on Thursday, where speakers examined the structural barriers shaping Africa’s startup landscape. Speakers pointed to a growing mismatch between imported startup models and the realit...
Cocaine worth £256m found hidden in banana boxes in major crackdown
Cocaine worth £256m found hidden in banana boxes in major crackdownOne Border Force police search found three tones of cocaine disguised as banana boxes in a shipping container, with a estimated street value of a massive £256 millionCommentsNewsAlexander Brown Assistant Political Editor16:26, 11 Apr 2026Updated 16:28, 11 Apr 2026View 2 ImagesOfficers carried out major operations in February and March at London Gateway port(Image: HOME OFFICE)More than £400 million of cocaine has been seized at t...
Pak-Iran transit corridor opened
Trade activities under the Pakistan-Iran transit corridor have formally commenced, with the first export consignment dispatched from Pakistan. Director Transit Trade Customs Sanaullah Abro told The Express Tribune that the inaugural shipment, comprising frozen meat, was transported via refrigerated trucks to Tashkent, Uzbekistan. He said that under the corridor, consignments from Pakistan would be routed through Gwadar and Iran onwards to the Central Asian states. He added that the operational...
PSX surges 11% on Middle East ceasefire
The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) staged a powerful rebound during the outgoing week, surging over 11% on a week-on-week (WoW) basis to close at 167,191 points, as easing geopolitical tensions and improving macroeconomic signals triggered broad-based investor interest. On a day-on-day basis, the PSX commenced the week with a volatile session but had a positive close at 151,208, up 809 points (+0.54%), thereby snapping its seven-week Monday losing streak, which had...
Inflation jumps tofour-year high in US
Americans are souring on the US economy to a degree never before seen, with the stiffest inflation in four years exacerbating the political risk for President Donald Trump, who some administration officials worry has lost focus on affordability problems for voters as he trains attention on the war against Iran. Few issues resonate with US voters more deeply than price increases, and the latest inflationary upswing is unsettling key insiders at the White House, who are worried about their Republ...
High yields cause Rs600b losses
Pakistan's commercial banking sector is bracing for a major financial shock, as a sharp spike in interest rate yields is expected to wipe out more than Rs600 billion in revaluation surpluses within a single quarter. A report by Optimus Capital Management, titled 'Back to Square One', warns that the rapid shift in the fixed-income market has "largely exhausted" the cushion banks had built in recent quarters to absorb volatility. The erosion in these reserves marks a reversa...
The King's bank Coutts turns its back on millionaires: Minimum amount clients need to open an account rises from £1m to £3m
The King's bank Coutts turns its back on millionaires: Minimum amount clients need to open an account rises from £1m to £3mGet your news delivered straight to you by 7am – sign up to our new Morning Mail newsletter for FREE By DAVID OLASEINDE Published: 16:06, 11 April 2026 | Updated: 16:06, 11 April 2026 e-mail View comments
Petrol drops, fares play catch-up
Following the government's recent reduction in petrol prices, fares for six- and nine-seater rickshaws on several routes have come down by Rs10 to Rs20. Similarly, motorcycle ride services have also lowered their fares by Rs30 to Rs50. The reduced fares have come into effect with immediate effect. According to rickshaw unions and transport authorities, fare adjustmentswhether increases or decreasesare often made by drivers at their own discretion. A survey conducted by The Express Tribun...
The Oil Market Is in the Grip of a Panicked Race for Barrels
While investors focused on the fragile Iranian ceasefire this week, a desperate scramble for cargoes has been playing out in the oil market, as traders and refiners scour the globe for immediately available supplies.
This bill would exacerbate the affordability crisis
The Fair Prices for Local Businesses Act, which would expand the Robinson-Patman Act, is being proposed by Washington Democrats and would result in higher prices for consumers, while benefiting plaintiffs' lawyers and less-efficient businesses.
HMRC shares update for when tax repayments will land in bank accounts
HMRC shares update for when tax repayments will land in bank accountsThe group also issued some guidance about extra security checksCommentsMoneyNicholas Dawson15:59, 11 Apr 2026Updated 16:00, 11 Apr 2026View ImageHMRC has issued an update about the security checks it carries out(Image: Getty)HMRC has issued an update on tax repayments being sent to customers. The group also shared an update on the extra security checks it sometimes conducts.It comes in response to a taxpayer's query on X...
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Home Bargains reduces product that's £33 in Superdrug and 'fights fatigue' to £7
Home Bargains reduces product that's £33 in Superdrug and 'fights fatigue' to £7The same bottle is available at Superdrug for £33CommentsMoneyCharlotte Smith Senior Lifestyle Content Editor15:44, 11 Apr 2026View 2 ImagesThe deal is online-only so shoppers won't find it in stores(Image: Getty )Home Bargains has slashed the price of 'pure relaxation' in a bottle to a tiny fraction of its usual cost. The discount retailer remains a firm favourite among bargain hunters...
Zayed Sustainability Prize expands funding for all finalists
Abu Dhabi: The Zayed Sustainability Prize has expanded its support framework, announcing funding for all finalists in its 2027 cycle, continuing the approach introduced in 2026. The move reflects the Prize’s shift from a recognition platform into a broader support system that helps projects at different stages and speeds up real-world implementation.All finalists will receive grants of $100,000 for organisational projects and $25,000 for student teams. This reinforces the idea that reaching the...