اقتصاد
18880 مقال
Strait of Hormuz Tensions Show Why Crypto Thrives in Times of Crisis
Casablanca – Iran’s reported plan to charge oil tankers in cryptocurrency for passage through the Strait of Hormuz is doing more than rattling shipping markets. It is once again putting a spotlight on when crypto actually gets used and why. For years, bitcoin has been pitched as a form of everyday money. In reality, most of its activity still revolves around trading. Yet moments like this show a different pattern, as crypto tends to surface not in stable economies, but in crisis. Iranian authori...
Kenyan outsourcing company for Meta sacks more than 1,000 workers
Social media corporation terminated Sama contract after allegations its staff viewed private scenes filmed by Meta’s Ray-Ban smartglassesMore than 1,000 low-paid workers in Kenya have been abruptly sacked by an outsourcing company for the US social media corporation Meta, in what activists said was a “shocking” move exposing the precariousness of global south tech workers.Sama, a company based in Nairobi to which Meta outsourced content moderation and AI training work, announced on Thursday that...
Daly Says Fed Policy Is in a 'Very Good Place' Right Now
Federal Reserve Bank of San Francisco President Mary Daly says leaving rates unchanged would still restrain inflation and both long- and medium-term inflation expectations are well-anchored during remarks at UC Berkeley. (Source: Bloomberg)
Govt slashes diesel price by Rs32
The government on Friday reduced the price of diesel by Rs32.12, according to a statement issued by the Prime Minister’s Office (PMO). The statement said that Prime Minister Shehbaz Sharif had decided to provide relief to the nation and approved a reduction of Rs32.12 in the price of diesel. “After the approval, the price of diesel has decreased from Rs385.54 to Rs353.43,” the statement said. “The effects of the reduction in oil prices will be conveyed to the public as soon as possible,” the pre...
Supreme court sides with oil and gas firms in Louisiana coastal damage fight
8-0 ruling gives companies new day in federal court after firms including Chevron ordered to pay millions for cleanupThe supreme court handed a win Friday to oil and gas companies fighting lawsuits over coastal land loss and environmental degradation in Louisiana.The 8-0 procedural decision gives the companies a new day in federal court after a state jury ordered Chevron to pay upward of $740m to clean up damage to the state’s coastline, one of multiple similar lawsuits. Continue reading...
Hormuz opening lifts deal prospects
Iranian Foreign Minister Abbas Araqchi said on Friday the Strait of Hormuz was open following a ceasefire agreement in Lebanon, while US President Donald Trump said talks could take place this weekend and he believed a deal to end the Iran war would come "soon". Araghchi said in a post on X the strait was open for all commercial vessels for the remainder of the US-brokered 10-day truce that was agreed on Thursday between Israel and Lebanon to halt fighting between Israeli forces and I...
Diesel Price Slashed in Pakistan- April 17, 2026
BusinessPakistanDiesel Price Slashed in Pakistan- April 17, 2026By Web Desk-Apr 17, 2026ISLAMABAD: Prime Minister Shehbaz Sharif has approved decreasing the diesel price by Rs 32.12, ARY News reported. After the reduction, the new diesel price declined to Rs 353.43 per litre. On the other hand, the premier, Shehbaz Sharif said that we will soon transfer the impact of the lowering of the oil prices to the masses.
Silver Rate in Pakistan Today- April 17, 2026
BusinessPakistanSilver Rate in Pakistan Today- April 17, 2026By Web Desk-Apr 17, 2026Karachi, April 17, 2026 – Silver prices in Pakistan have shown firm upward momentum today, with the chandi ka rate at Rs. 8,321 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 stan...
Is the Iran war about to empty your supermarket shelves and cancel your summer holiday?
Is the Iran war about to empty your supermarket shelves and cancel your summer holiday
Oil price plummets as Iran declares Hormuz open
[{"id":1279095,"path":"/news/london/kensington-gardens-police-incident-latest-israel-embassy-met-police-b1279095.html","title":"Kensington Gardens LIVE: Police probe if 'discarded items' are linked to Israeli embassy 'drone attack' video","imageUrl":"https://static.standard.co.uk/2026/04/17/13/d5369f3992c81f1f9c09e1695c1a1620Y29udGVudHNlYXJjaGFwaSwxNzc2NTE2NDc4-2.84298218.jpg","standfirst":"A video, which appears to have been shared by the group Harakat Ashab al-Yamin al-Islamia, shows a target...
Indian refiners pay for Iran oil in yuan via ICICI Bank, sources say
InternationalIndian refiners pay for Iran oil in yuan via ICICI Bank, sources sayBy Reuters -Apr 17, 2026Indian refiners are settling payments for rare cargoes of Iranian oil purchased under a temporary U.S. sanctions waiver using Chinese yuan through Mumbai-based ICICI Bank, four sources with knowledge of the matter said. Last month, Washington unveiled 30-day waivers on U.S. sanctions for the purchase of Russian and Iranian oil at sea in an attempt to ease prices that were driven up by the U...
UAE President, Sheikh Hamad conduct inspection of Fujairah port, review operations
[Editor's Note: Follow the Khaleej Times live blog for the latest regional developments with the US-Israel-Iran ceasefire now in effect.] UAE President Sheikh Mohamed bin Zayed Al Nahyan met with Sheikh Hamad bin Mohammed Al Sharqi, Supreme Council Member and Ruler of Fujairah, on Friday. Sheikh Mohamed and Sheikh Hamad also conducted an inspection of Fujairah Port, where they reviewed operations and the measures in place to ensure business continuity at the highest levels of operation...
Fed's Daly Says Too Early to Tell If War Will Create Long-Term Shock
Federal Reserve Bank of San Francisco President Mary Daly says it is too early to know whether the war in Iran will create a long-term economic shock during remarks at UC Berkeley. (Source: Bloomberg)
Iran Says Hormuz ‘Fully Open’ as Markets React, Fragile Ceasefires Hold
Rabat – Tensions in the Middle East are still high despite a series of ceasefire announcements and the reopening of one of the world’s most important shipping routes, the Strait of Hormuz. Iran’s foreign minister said the strait is now “completely open” to commercial vessels for the duration of the current ceasefire. The announcement follows weeks of disruption after Iran restricted access to the narrow waterway during its war with the US and Israel. Shortly after the statement, US Presi...
Fed's Daly Says Economy Solid, Consumers Still Spending
Federal Reserve Bank of San Francisco President Mary Daly says the war in Iran and the resulting oil price shock have made the path of Fed policy uncertain during remarks at UC Berkeley. (Source: Bloomberg)
Govt mops up Rs180b via petroleum levy in 6 weeks
The federal government has collected more than Rs180 billion from the public under the Petroleum Development Levy (PDL) over the past one and a half months, amid heightened regional tensions, it has been revealed. According to sources in the Ministry of Finance, the collection of the levy on petroleum products in Pakistan has increased extraordinarily. They said that during the recent escalation and conflict between the United States and Iran, the government collected over Rs180 billion in the...
Power tariff may rise by 26 paisa per unit
Electricity consumers may face an increase of 26 paisa per unit under the monthly fuel adjustment mechanism for March. The Central Power Purchasing Agency (CPPA) has submitted a request to the National Electric Power Regulatory Authority (Nepra) seeking approval for the price hike. Nepra is scheduled to hear the petition on April 28. According to CPPA data, a total of 8.939 billion units of electricity were generated in March, out of which 8.644 billion units were supplied to distribution comp...
SC, FBR to streamline data sharing
Chief Justice of Pakistan Yahya Afridi has emphasised that the resolution of tax disputes is essential for strengthening public confidence and improving governance. The top judge made the remarks as he chaired a consultative meeting aimed at improving the performance and harmonisation of tax litigation in the Supreme Court and across the country's judicial system, an official statement said. The meeting, convened by the National Judicial (Policy-Making) Committee, was attended by Justice M...
JSW, Raheja among four bidders in race to acquire BMC’s prime Worli plot
The race for one of Mumbai’s most coveted land parcels intensified on Friday as four major developers vied for the Century Mill plot. The project marks a major victory for the BMC following a Supreme Court battle that restored its ownership of the Worli site.
Govt raises $500m at 7% interest
Pakistan on Friday raised a $500 million debt at 7% interest rate by floating Eurobonds and has separately requested the Bank of China to give an extension in submitting an application for its permission to float $250 million Panda bonds in Chinese markets next month. Pakistan raised $500 million as a private placement through Standard Chartered Bank, and there was no competitive bidding, said finance ministry officials. Taking advantage of its new positioning on the global map, Islamabad vent...