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Petrol prices likely to stay high amid US-Iran uncertainty: reports Al Jazeera
BusinessMust ReadPetrol prices likely to stay high amid US-Iran uncertainty, reports Al JazeeraBy Web Desk-Apr 19, 2026Uncertainty in the Middle East, particularly amid ongoing tensions and the lack of a breakthrough in US-Iran relations, is expected to keep global energy markets under strain, with concerns that petrol prices may remain high for an extended period. According to a report by Al Jazeera, US Energy Secretary Chris Wright has warned that petrol prices could stay elevated due to the c...
Pakistan role averted oil shock: Iqbal
Federal Minister for Planning Ahsan Iqbal said that if the Iran-US war had continued, oil prices would have surged beyond Rs600 per litre and the economies of 193 countries would have collapsed. "Today, Pakistan's leadership is not only a benefactor of Pakistan but of 193 countries," Iqbal said on Sunday while addressing a ceremony at a private college in Narowal, his hometown. The minister was referring to Pakistan's role as the mediator that convinced the warring parties to...
Butane Gas Wholesalers Suspend Planned Strike After Government Measures
Agadir – Morocco’s Professional Association of Butane Gas Wholesalers and Distributors has suspended its planned strike action scheduled for April 21 and 22. The protest came amid rising prices, while profit margins have remained unchanged since 2016, despite growing pressures threatening the sustainability of the sector. The decision to suspend the strike was followed by a press conference held by government officials addressing measures to combat the current global energy crisis and ris...
Zakat crisis leaves thousands without aid
Due to a severe economic and financial crisis, the Zakat Department in Rawalpindi has failed to provide financial assistance to deserving beneficiaries for the past 10 months. This year, no Eid gifts were distributed on Eidul Fitr, and there are fears that assistance may also not be given on Eidul Azha. According to sources, the government has not released a single penny to the Rawalpindi Zakat Council during this period. Owing to official apathy and lack of interest, the structure of the Zakat...
Louisiana shooting horror with 8 kids dead is 'unlike anything police have ever seen'
Louisiana shooting horror with 8 kids dead is 'unlike anything police have ever seen'A total of eight children have been killed following a shooting in Louisiana - victims of the shooting on Sunday morning in the US ranged from one to 14 years oldCommentsNewsBenjamin Lynch News Reporter17:36, 19 Apr 2026Updated 17:45, 19 Apr 2026View ImagePolice in the US said they were called to Shreveport at around 6am on Sunday (file photo)(Image: AFP via Getty Images)Eight children have been killed...
Hungary to Secure Deal With EU to Unlock Frozen Funds - Tisza Party Leader
MOSCOW (Sputnik) - Hungary will soon conclude a comprehensive agreement with the European Union to unlock billions of euros owed to Hungary from European funds, Head of Hungary's Tisza Party Peter Magyar said on Sunday.
Energy secretary reveals when gas will drop below $3 a gallon again as Trump revamps his threats to Iran
Energy secretary reveals when gas will drop below $3 a gallon again as Trump revamps his threats to IranSign up for our US Editor's Picks newsletter to get all the biggest exclusive stories By ELIOT FORCE, US NEWS REPORTER Published: 17:07, 19 April 2026 | Updated: 17:07, 19 April 2026 e-mail View comments
Vitol Made About $2 Billion in First Quarter Despite War Losses
Vitol Group has told banks it made a first-quarter profit of roughly $2 billion, as the world’s top energy trader moves to reassure lenders over losses in some parts of its business due to the Iran war.
Trump energy secretary says gas prices might not drop back under $3 a gallon until 2027
Chris Wright says ‘I don’t know’ when asked about lower cost of gas as average price soars to $4 a gallon in USChris Wright, the Trump administration’s energy secretary, acknowledged Sunday that it might not be until 2027 before US gas prices come back under $3 a gallon.Asked by Jake Tapper, the CNN State of the Union host, when he thought “it’s realistic for Americans to expect the gas will go back to under $3 a gallon”, Wright replied: “I don’t know. That could happen later this year. That mig...
Pak says it will repay remaining $1.5 bn loan to UAE by April 23 amid IMF funding hopes
Pakistan aims to repay the remaining $1.5 billion loan to the UAE by April 23, following a $2 billion repayment. This comes as the country anticipates a $1.2 billion disbursement from the IMF after recent negotiations. Saudi Arabia has also extended a $3 billion deposit maturity, depositing $2 billion to bolster reserves.
Rs5.4tr stuck, reform tax justice
"We are constrained to observe that the income tax authorities unnecessarily wasted time, money, and effort which could have been better utilised for more productive causes. They discarded the clear determinations by three forums and the EFU case precedent. Such disdain and persistence without cause do not engender confidence in taxpayers nor help establish a system that treats them fairly and in accordance with the law. There is no reason to grant leave to appeal to the impugned orders and...
Sovereign debt trap and illusion of fiscal stabilisation
The prevailing narrative suggesting that Pakistan has achieved macroeconomic stability through the current International Monetary Fund (IMF) programme is a dangerous oversimplification. Such a perspective conveniently ignores the systemic erosion of the national industrial base under the crushing weight of an unsustainable debt-to-GDP ratio. Government officials frequently cite a primary surplus of 2% as a grand triumph of fiscal discipline and prudent management. Yet they fail to acknowledge t...
Between reserves and reality: external sector under pressure
Pakistan's economic managers often point to rising foreign exchange reserves as a sign of stabilisation. On paper, the narrative appears reassuring: reserves have recovered from crisis lows, inflation remains within range, and the country continues to meet its external obligations. Yet this is a stability measured more in optics than in underlying strength. The recent decision to repay billions to the United Arab Emirates, coupled with looming debt maturities, delayed multilateral disbursem...
Peacemaking's economic payback
Pakistan's genuine efforts and role as a global peacemaker are finally being taken seriously. Diplomacy is a two-way street, and Pakistan is indeed a prime beneficiary of peace amid the US-Israeli war on Iran. This is not just because high international oil prices severely upend our fragile macroeconomic recovery and increase the odds of higher inflation, higher interest rates and rupee depreciation. It is also because political instability in Iran affects Pakistan domestically, as we host...
Multibagger Stock: 13 पैसे के शेयर का कमाल, 6 साल में निवेशक करोड़पति, अब ये हाल
Multibagger Stock
Wright: Gas prices dropping below $3 ‘might not happen until next year’
Energy Secretary Chris Wright said Sunday that gas prices may not drop below $3 until next year, as energy prices spike amid Iran’s restrictions on shipping through the Strait of Hormuz. “I don’t know. That could happen later this year. That might not happen until next year,” Wright told host Jake Tapper on CNN’s “State…
Oil prices hinge on US-Iran deal this week with ceasefire window closing
Dubai: Oil markets are entering a critical phase in the coming days, with the next directional move in crude prices likely to hinge on the outcome of a two-week ceasefire window tied to the reopening of the Strait of Hormuz, a key global supply artery.Get updated faster and for FREE: Download the Gulf News app now - simply click here.Brent crude and U.S. West Texas Intermediate (WTI) have retreated sharply from recent highs after Iran signalled safe passage for commercial vessels through the str...
Pakistan in discussion with Qatar for supply of LNG cargoes amid electricity shortfall
ISLAMABAD: Pakistan and Qatar are in an advanced stage of discussions for the supply of at least four cargoes of liquefied natural gas (LNG), which could pass through the Strait of Hormuz, sources told Dawn on Sunday. They also said that after facing criticism over loadshedding even before the start of summer, the Power Division had already placed an order to the Petroleum Division for arranging around 400 million cubic feet per day (mmcfd) of liquefied natural gas (LNG) for power generation....
How a 32-year-old earns thousands with fewer than 8,000 followers
LifestyleHow a 32-year-old earns thousands with fewer than 8,000 followersBy Reuters -Apr 19, 2026Alyssa Poplaski doesn’t consider herself a large-scale influencer. The 32-year-old technical designer for a high-end fashion brand in New York has fewer than 8,000 followers on TikTok, where she posts videos about her life. But her modest following hasn’t precluded her from finding financial success online. In the first three months of this year, she says she has earned $4,355 before tax from brand...
Akshaya Tritiya Gold Demand: ₹20000Cr की होगी बिक्री! सोना-चांदी महंगा, फिर भी अक्षय तृतीया पर तगड़ी डिमांड
Akshaya Tritiya Gold Demand Cr