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Oil prices jump after Trump rejects Iran’s latest offer; Hormuz remains shut
Oil prices surged as President Trump rejected Iran's peace proposal, reigniting fears over global energy supply routes. Hopes for breakthrough talks faded, shifting market attention to Trump's upcoming visit to Beijing. Saudi Aramco warned of significant oil market losses, while tankers navigated the Strait of Hormuz with tracking systems off.
Punjab set to launch land-lease scheme amid concerns
Punjab set to launch land-lease scheme amid concerns Published May 11, 2026 Updated May 11, 2026 08:14am 0 Women farmers plant rice saplings in the field in Muridke, Sheikhupura District in Punjab on August 12, 2025. — Reuters/File comments Join our Whatsapp Channel Add Dawn as a trusted source
Situationer: Punjab set to launch land-lease scheme amid concerns
WITH just 124,363 acres of state land identified for immediate rollout, the Punjab Board of Revenue has set the stage for operationalising the Apna Khet, Apna Rozgar (AKAR) scheme — an ambitious but contested land-leasing initiative of the provincial government that aims to bring unused land into cultivation while empowering landless farmers. The initiative, spearheaded by the Punjab government led by Maryam Nawaz, is being described by officials as a data-driven intervention, relying on GIS-bas...
BlackRock CEO Larry Fink disagrees with everyone who says there is AI bubble
BlackRock CEO Larry Fink refutes AI bubble concerns, citing a significant shortage in computing capacity, chips, and memory. He predicts a future where financial markets will trade futures of compute, highlighting the growing demand for AI infrastructure. BlackRock is actively investing in data centers and energy assets to meet this demand.
Returns on multipolarity
GLOBAL politics is hurtling towards a multipolar system the likes of which we haven’t seen since the late 20th century. Several indicators bear this out: the global hegemon for the past four decades, the US, is experiencing a decline in its ability and willingness to project power outwards, as seen in its continued failure in Eastern Europe and the Persian Gulf, and in the increased reluctance and reticence of its allies to pick up its slack. Much of this decline stems from internal structural p...
Foreign economic assistance inflows rise nearly 20pc
ISLAMABAD: Foreign economic assistance (FEA) inflows to Pakistan surged by almost 20 per cent to $6.594bn in the first three quarters (July-March) of the current fiscal year, mainly on the back of programme support from the International Monetary Fund (IMF). Total inflows (excluding IMF disbursements), comprising both loans and grants, amounted to $6.594bn during the first nine months of the current fiscal year, up from $5.507bn in the same period last year, reflecting an increase of 19.7pc. Inf...
Kuwait hands life sentences, fines seven over multi-million dinar public fund fraud
A Kuwaiti criminal court sentenced seven defendants, including Kuwaiti nationals and two Americans, to life imprisonment in a case involving the misappropriation of funds from an investment fund linked to state entities.The court also imposed fines totalling KD98 million and ordered the defendants to repay KD49 million, local media reported. They were convicted of embezzling funds from the state investment fund, in which the Public Institution for Social Security and Kuwait Ports Authority owned...
Floundering Rupee May Keep Indian Equities on a Tight Leash
NewsletterMarkets Daily IndiaFloundering Rupee May Keep Indian Equities on a Tight LeashMonex Europe expects the rupee to hit 98 per dollar by year-end.FacebookXLinkedInEmailLinkGiftExpandThe CNX Nifty Index logo at the National Stock Exchange of India Ltd. in Mumbai.Photographer: Dhiraj Singh/BloombergFacebookXLinkedInEmailLinkGiftGift this articleContact us:Provide news feedback or report an errorConfidential tip?Send a tip to our reportersSite feedback:Take our SurveyNew WindowFacebookXLinked...
Stability as strategy in an energy crisis
This is the third global energy shock in less than two decades. For Pakistan, where imported fuel underpins much of the economy, the impact is invariably sharper than for most peers. The previous shocks in 2008 and 2022 did more than raise prices. They destabilised growth, strained external balances and reshaped politics. As the current crisis unfolds, the central question is whether policymakers will finally break from a pattern of costly, short-term fixes. The first episode, in 2007–08, was pa...
Cotton stocks at ‘lowest ebb’ ahead of ginning season
LAHORE: The cotton sector is facing an unprecedented supply crisis as stocks in the country have reportedly fallen below 10,000 bales before the start of the new ginning season, raising fears that some textile mills may partially shut down in the coming weeks due to cotton shortages. It is perhaps the first time in the country’s history that cotton inventories had dropped to such critically low levels ahead of the new crop season. The closure of the Pakistan-Afghanistan border earlier prevent...
JPMorgan Hikes Kospi Bull Case Target to 10,000 on Memory Boom
JPMorgan Chase & Co. raised its targets for South Korean stocks for the second time in less than a month, citing improvement in the semiconductor cycle, corporate governance reforms and industrial-sector growth.
Trans Green MSP 'couldn't wait for late Queen to kick the bucket' and branded monarch 'lizard Lizzie'
A newly-elected Green MSP has come under fire for social media posts which appeared to look forward to the late Queen Elizabeth II "kicking the bucket".Bradford-born Iris Duane - a biological male who identifies as a woman - was elected as a member of the Scottish Parliament for the Glasgow region on Friday. However, shortly after the Scottish Greens candidate was elected, a controversial social media post from January 2022 was unearthed. It read: “I cannot wait till big lizard Lizzie kicks the...
Modi Urges Indians to Conserve Fuel
Indian Prime Minister Modi appealed to citizens to cut fuel use and said measures from the Covid pandemic such as working from home and online meetings should be used.
Budget may include income tax relief amid salary, pension freeze
ISLAMABAD: The government is considering reducing the income tax burden on salaried individuals while refraining from increasing salaries and pensions in the upcoming budget, aiming to provide equitable fiscal relief to both public and private sector employees. Informed sources told Dawn that Finance Minister Muhammad Aurangzeb has expressed a desire to lower tax rates and, if possible, raise the taxable income threshold for the salaried class in recognition of their significant contribution to...
Daily wage earners’ suicide 31% of total, highest in a decade
Daily wage earners constituted 31% of all suicide deaths in 2024, the highest in a decade, with 52,910 such fatalities. This marks a significant increase from previous years, as the total number of suicides nationwide rose to 1.7 lakh. Family problems and illness remain the primary reported causes for these tragic deaths.
Australia’s Budget May Lead to Lower Bond Supply, Analysts Say
Australia’s yield curve may flatten and its premium to US Treasuries narrow if the government signals a pullback in bond issuance next year, reflecting more restrained fiscal spending, according to strategists.
Nintendo shares plunge after profit warning
Nintendo shares fell nearly 10 percent on Monday after the Japanese gaming giant warned of lower profits and said it would hike the price of its Switch 2 console.The company said Friday it expected net profit to plunge 27 percent in the current financial year, with analysts pointing to a lacklustre line-up of new games.Soaring prices for memory chips fuelled by the artificial intelligence boom have also hit makers of game consoles and other devices, while disruptions linked to the Iran war have...
China’s Factory Inflation Hits Post-Covid High After Cost Shock
China’s factory prices grew at the fastest pace since the pandemic four years ago as the fallout from the Iran war sharply raises costs.
Chinese Refiner Seeing Strong Platinum Demand From New Contract
A major Chinese metals refiner is seeing a large volume of demand for platinum to deliver against a new local futures contract, a sign of how the product is luring more of the metal into the country.
Goldman Says Yuan 20% Undervalued, Boosts Currency Forecasts
The Chinese yuan is more than 20% undervalued against the US dollar, according to Goldman Sachs Group Inc., which expects the currency to keep strengthening over the coming year.