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FinMin expects continuous progress under GSP+
Federal Minister for Finance Muhammad Aurangzeb has expressed optimism about Pakistan's external sector outlook and reiterated the government's focus on enhancing competitiveness, deepening investment inflows and expanding trade opportunities. In this context, he also conveyed hope for continued progress under the GSP Plus framework, terming it an important pillar of Pakistan-EU economic relations. During a meeting with European Union Ambassador Raimundas Karoblis on Tuesday, the feder...
Strong dollar, rising yields push gold lower
Gold prices in Pakistan extended their decline on Tuesday, tracking losses in the international market, as a stronger US dollar and rising Treasury yields weighed on bullion, while investors remained cautious ahead of developments in tentative US-Iran talks and the confirmation hearing of Federal Reserve chair nominee Kevin Warsh. In the local market, the price of gold per tola fell by Rs1,000 to settle at Rs500,162. Similarly, the price of 10-gram gold decreased by Rs857 to Rs428,808, accordin...
Iran war shows "era of fossil fuel security is over," says U.K energy secretary
World Iran war shows "era of fossil fuel security is over," says U.K. official, defying Trump calls for North Sea drilling By Frank Andrews Frank Andrews Journalist Frank Andrews is a CBS News journalist based in London. Read Full Bio Frank Andrews April 21, 2026 / 11:54 AM EDT / CBS News Add CBS News on Google Britain is doubling down on its commitment to net-zero emissions targets in light of energy volatility caused by the U.S.-Iran war, the government announced Tuesday, in spite of President...
مرسک: وضعیت تنگه هرمز برای تردد کشتیها بسیار خطرناک و ناپایدار است
شرکت مرسک، دومین شرکت بزرگ کشتیرانی کانتینری جهان، سهشنبه اعلام کرد وضعیت تنگه هرمز برای عبور کشتیهایش بیش از حد خطرناک و بیثبات است. این شرکت اعلام کرد نوسان و بیثباتی ادامه دارد و در هماهنگی با شرکای امنیتی خود ارزیابی کرده که در حال حاضر باید از عبور از تنگه خودداری شود.
Punjab slashes jobs ahead of new budget
Amid an acute financial and economic crisis in Punjab, the provincial government has granted final approval to abolish nearly 150,000 vacant posts ranging from Grade 1 to 16 across all departments. Implementation has commenced, and all such positions will be eliminated before the 202627 budget, with directives issued not to allocate funds for these posts in the upcoming fiscal plan. The largest share of cuts has been imposed on the education sector, where 30,391 posts (Grades 116) have been...
Limited economic impact? How Iran war is impacting job market and your household bills
India's economy shows resilience amid Middle East crisis, with household spending largely unaffected by rising energy prices, though consumer confidence is slightly dipping. While manufacturing faces some impact, the services sector remains robust, and overall growth for Q4 FY26 is projected to remain strong, with limited downside risks.
UK and EU close in on agricultural deal to reduce Brexit barriers
Lords told sales of Scottish shellfish among areas that may benefit – but agreement will not erase all paperworkEurope live – latest updatesA new agriculture agreement with the EU would not wipe out all Brexit paperwork but may greatly increase sales of Scottish langoustines and oysters, the House of Lords has heard.The UK and EU are close to finalising a sanitary and phytosanitary (SPS) agreement to reduce Brexit trade barriers, and while it will have “modest” impact on the UK economy the agree...
Bread price rise warning if Iran war drags on as government urged to act
Bread price rise warning if Iran war drags on as government urged to actThe boss of Allied Bakeries' owner rules out price rises for now but says it is possible “if the situation doesn’t improve”CommentsMoneyGraham Hiscott Business and Consumer Editor16:40, 21 Apr 2026Updated 16:52, 21 Apr 2026View 3 ImagesBakeries - such as those making big seller Kingsmill - are among energy hungry businesses at risk from soaring costsThe maker of Kingsmill bread could slap a surcharge on the cost of a lo...
Supply gaps prolong electricity cuts
Punjab is experiencing prolonged and increasingly disruptive electricity outages, with rural areas reporting load-shedding of up to 16 hours a day and urban centres facing recurring interruptions, according to residents and power distribution officials. The situation has intensified across regions served by Lahore Electric Supply Company (Lesco), Multan Electric Power Company (Mepco), Faisalabad (Fesco) and Gujranwala (Gepco), as the gap between electricity demand and supply widens. Consumers...
Water charges and rates increase could help Stormont 'raise £3bn a year'
Water charges and rates increase could help Stormont 'raise £3bn a year'Just nowShareSaveAdd as preferred on GoogleJohn CampbellEconomics and business editor, BBC News NIGetty ImagesThe review suggests that if the civil service was cut back to the equivalent size of the service in England it would save almost £400m a year.Stormont ministers would have £3bn a year extra to spend on public services if they increased rates, introduced water charges and made thousands of workers redundant,...
Tariff Refund Process: खुल गई ट्रंप टैरिफ रिफंड विंडो, 166 अरब डॉलर करने होंगे वापस... भारत को मिलेगा इतना
Tariff Refund Process
Watch: Reed asks Kevin Warsh whether he would cave to Trump's demands to lower interest rates
Democratic Sen. Jack Reed of Rhode Island pressed Kevin Warsh about whether he would cave to President Trump's demands to lower interest rates if he were to become the next Federal Reserve chairman. Warsh appeared for his Senate confirmation hearing to replace Jerome Powell as the Fed chair in May.
Law firm at centre of £39.5million fraud probe with tens of thousands of potential victims
Law firm at centre of £39.5million fraud probe with tens of thousands of potential victimsSheffield-based PM Law Ltd shut without warning in February leaving thousands of potential victims including a young mum who says she lost nearly £100,000 cash from the sale of her homeNewsTom Pettifor Crime Editor16:37, 21 Apr 2026View 4 ImagesAmy-Jade Hughes said she was left in £100,000 debtA law firm is being investigated over a £39.5 million suspected fraud involving tens of thousands of potential vict...
Moldova's refusal to engage fruitfully with CIS means impoverishment to Moldovans — Shoigu
According to Shoigu, fuel shortages and rising prices at Moldovan gas stations "clearly demonstrate the consequences of Chisinau
Iran says one of its ships returned despite US blockade; maritime firm identifies it as tanker that delivered oil to India
Curiously though, there is no oil tanker named “Sili City”, as per international shipping databases, and the actual identity of the tanker could have been lost in translation.
Watch: Kevin Warsh criticizes Fed for "fatal policy error" in dealing with inflation
During questioning from GOP Sen. Tim Scott, Kevin Warsh criticized the Federal Reserve for "policy errors in 2021 and 2022" that allowed inflation to soar. "Once you let inflation take hold of the economy, it's more expensive and harder to bring it down," Warsh said. Warsh appeared before his Senate confirmation hearing to replace Jerome Powell as the Federal Reserve chairman.
More than 35,000 households helped by flood insurance directory since launch
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Middle East war has pushed up air fares 24%, research shows
Middle East war has pushed up air fares 24%, research shows12 minutes agoShareSaveAdd as preferred on GoogleTheo LeggettTransport CorrespondentGetty ImagesAirspace restrictions caused by the conflict have forced airlines to reroute many flightsThe war in the Middle East has helped to trigger a surge in air fares, with the lowest-priced economy tickets costing 24% more on average than they did a year ago, according to new research.The report, from the consultancy Teneo, says that airspace restric...
Trump says he would like someone to buy troubled Spirit Airlines
InternationalTrump says he would like someone to buy troubled Spirit AirlinesBy Reuters -Apr 21, 2026President Donald Trump said Tuesday he would like someone to acquire bankrupt low-cost carrier Spirit Airlines and said it was possible the federal government could get involved. “I’d love somebody to buy Spirit. It’s 14,000 jobs, and maybe the federal government should help that one out,” Trump told CNBC. Last week, Reuters reported Spirit’s bankruptcy exit plan is under renewed ...
Boat building cost surges amid fuel price hike
A sharp rise in fuel prices has significantly increased the cost of boat building in coastal areas of Karachi, including Ibrahim Hyderi, placing additional financial strain on the community. According to local boat makers, the cost of constructing a standard fishing launch has jumped from Rs500,000 to Rs700,000, while the cost of medium-sized boats has also increased by around Rs200,000, pushing their cost close to Rs900,000. The surge is attributed not only to higher fuel prices but also to th...