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K-P unveils Rs1tr package for merged districts
Khyber-Pakhtunkhwa (K-P) Chief Minister Sohail Afridi on Sunday announced a massive Rs1 trillion development package for the merged districts of the K-P, with Rs400 billion earmarked for health and education. Speaking at the Bajaur Sports Complex after meeting leaders of the Qaumi Aman Jirga, Afridi said the development plan would cover key sectors aimed at improving living standards in the districts. The chief minister said the PTI's provincial government is committed to ensuring tha...
Hormuz Tracker: Iraq-Linked Oil Tanker Exits Hormuz Via Iran
A Suezmax oil tanker hauling about 1 million barrels of Iraqi crude exited the Persian Gulf via a northerly route through Iranian waters on Sunday morning, according to vessel-tracking data compiled by Bloomberg.
Farmers slam 'inadequate' subsidy
The Sindh Abadgar Board, a farmers' lobbying group, has deplored what it argued to be an insufficient amount of subsidy being extended by the provincial government to small farmers in Sindh. A meeting of the board, chaired by Mahmood Nawaz Shah in Hyderabad on Sunday, noted that a paltry sum of Rs1,500 per acre is being offered to the small farmers. "The Hari Card is though a positive move by the government, it does not cover even 20% of the province's small growers," rea...
Baby among three killed after tree topples during Easter egg hunt
A 10-month-old girl has died along with two other people after a tree toppled during an Easter egg hunt in northern Germany, police say.The 100-foot tree fell on four people participating in the event on Sunday morning in woods near the town of Satrupholm.The baby girl died in hospital, while her 21-year-old mother died at the scene as she was being treated by first responders, as did another 16-year-old girl.An 18-year-old woman suffered serious injuries and was brought to the hospital by helic...
Balochistan, KP announce energy conservation measures, set closure timings for markets, eateries, wedding halls
QUETTA/ PESHAWAR: Balochistan and Khyber Pakhtunkhwa governments announced energy conservation measures on Sunday, setting timings for the closure of markets, eateries and wedding halls. According to a notification issued by the Balochistan Home Department, all markets and shopping centres are to be closed by 8pm. However, pharmacies, tandoors and bakeries have been exempted from the restriction. The notification also stated that all events being held in wedding halls, banquet halls and hotels m...
OPEC+ to ramp up oil output in May amid global energy crisis
The Organization of the Petroleum Exporting Countries (OPEC) and its allies, known as OPEC+, on Sunday decided to increase oil output by 206,000 barrels per day in May, according to an OPEC statement.
Nepal announces two-day weekends as fuel crisis caused by Iran war deepens
Saturday had been the only day off in Himalayan nation, which relies almost entirely on India for its fuel supplies.
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...