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Sindh launches People's Motorcycle Fuel Subsidy Programme
Sindh Chief Minister Murad Ali Shah on Monday inaugurated the People's Motorcycle Fuel Subsidy Programme, demonstrating the registration process under which registered motorcycle owners will receive a subsidy of Rs57 per 20 litres of fuel. The provincial government will cover an additional Rs100 per litre. In response to surging petrol prices and the ongoing energy crisis, the Sindh government announced on Friday a monthly subsidy of Rs2,000 for registered motorcyclists across the prov...
Check your superannuation now: Urgent warning issued to thousands after Aussie loses life savings after fund collapses
Check your superannuation now: Urgent warning issued to thousands after Aussie loses life savings after fund collapsesREAD MORE: Barefoot Investor warns thousands have lost their life savings By SARAH BROOKES - SENIOR REPORTER, AUSTRALIA Published: 05:22, 6 April 2026 | Updated: 05:28, 6 April 2026 e-mail View comments
Testing out alternative oil routes
The global energy crisis continues to grow, with no end in sight. When President Trump came to address the nation on April 1, he had few answers to the question surrounding the closure of the Strait of Hormuz, and the steps to reopen the narrow shipping lanes, responsible for shipping 20 per cent of crude oil and 30pc of liquefied natural gas to the world markets, especially Asia. The speech failed to cool oil markets, as escalating tensions with Iran crushed ceasefire hopes and reignited bullis...
Railways fares to remain unchanged for three months after govt subsidy in Punjab
LAHORE: In a bid to keep the current fares and freight charges unchanged for three months to facilitate passengers and goods transport customers, the federal government will pay around Rs6 billion to Pakistan Railways (PR) for the increase in operational costs due to the recent increase in diesel prices. “The increase due to the massive surge in diesel price amounts to around Rs1.9 billion per month and the total difference for three months, till June 30, jumps to about Rs6 billion as calculated...
Solar stays attractive even without net metering amid fuel price hike
• While new rules weaken incentive to sell excess power to grid, consumers turn to solar energy mainly to manage electricity bills • Smaller, need-based systems gain popularity among households • Vendors say demand persists as citizens fear massive increase in power price KARACHI: On a sunny afternoon in Karachi, 38-year-old Ali Hassan inspects the small display linked to the inverter in his living room. The device displays how much electricity his rooftop solar panels have produced since mornin...
Sick pay rule changes to benefit up to 9.6m UK workers, TUC says
Union says new entitlements, part of Employment Rights Act 2025, will help lower-income householdsUp to 9.6 million UK workers are to benefit from the changes to sick pay rules, according to unions. They say the policy has widespread support from voters despite pushback from some businesses.From Monday, about 8.4 million workers who rely on statutory sick pay – the minimum amount employers must pay – will be paid from the first day of becoming ill rather than from day four, according to an analy...
Unsustainable rise
PAKISTAN’S population debate has seen moments of concern, followed by long stretches of inaction. The health minister has recently warned that the country could become the world’s fourth most populous nation within five years. This projection has huge implications and should dispel any remaining complacency. Already home to over 255m people, Pakistan is adding roughly 6.2m individuals every year, a figure larger than the entire population of some countries. It is...
Corporate hopes amid global tensions
Corporate Pakistan sees recent diplomatic gains lifting the country’s global standing and expect this to translate into tangible economic relief. Businesses here remain cognizant of the risks but are still identifying opportunities amid shifting global dynamics and persistent volatility. They are wary of populist relief measures that may backfire and instead call for long-term, investment-friendly policies to enable wealth creation and sustainable, inclusive growth. T...
UAE buyers warned of rain-damaged cars entering market despite limited impact from heavy rains
After the UAE experienced heavy rainfall last week, recording almost two years’ worth of rains in a single day, car dealers say the impact remains far less severe than previous floods due to improved preparedness.At the same time, industry executives say it is still too early to assess the full scale of the damage, saying it would require a few more weeks for the picture to be clearer.“We are still in the early stages of understanding the overall impact,” said Rahul Singh, managing director of...
Russia working on new export incentive mechanism for pharmaceutical companies — minister
Anton Alikhanov says that the measure will consist of an export cashback
Stressed about property payments in the UAE? Developers offer deferment
Property developers in the UAE are offering payment deferment options to buyers facing difficulty in meeting monthly instalments due to ongoing regional tensions, while maintaining that construction activity and project timelines remain unaffected.Developers say requests are being handled on a case-by-case basis, with flexibility extended to customers experiencing genuine short-term financial challenges.Azizi Developments said it is working closely with affected buyers and has introduced intern...
IMF asks Pakistan to remove fuel price distortions amid subsidy pressures
ISLAMABAD: The International Monetary Fund (IMF) has asked Pakistan to eliminate distortions in petroleum pricing at the earliest, even though it had tacitly accepted the Rs152 billion subsidy cap extended by the federal government to consumers amid a historic global price surge following the US-Israel attacks on Iran and the closure of the Strait of Hormuz. Senior officials told Dawn that the staff-level agreement (SLA) announced by the IMF on March 29 remains intact, and that the Rs152 billion...
PSX drops over 2,400 points on war fears
War-driven uncertainty kept the Pakistan Stock Exchange (PSX) under sustained pressure during Monday’s morning session, as trading opened in a tense environment. By 11:34am, the index had fallen to 148,027.32, down 2,371.39 points (1.58%) from the previous close of 150,398.71. So far in the session, the market touched a high of 151,453.80 and a low of 147,882.03. Trading volume reached 78,091,453 shares, while total value stood at 7,158,008,761. The continued slide reflected persiste...
Rising Rupee Hedging Costs May Further Dim India’s Appeal to Global Funds
Foreign investors earn less after protecting against currency swings.
دلار در اوج تنشهای «جنگ ایران» بهعنوان پناهگاه امن تثبیت شد
با تشدید جنگ و جهش نفت به بالای ۱۱۰ دلار، دلار آمریکا جایگاه خود را بهعنوان دارایی امن حفظ کرد. رویترز گزارش داد سرمایهگذاران در پی ضربالاجل ترامپ درباره تنگه هرمز به دلار پناه بردهاند. شاخص دلار به ۱۰۰.۲ رسید و احتمال کاهش نرخ بهره آمریکا کمرنگتر شده است.
Industrial policy for the Intelligence Age
Explore our ambitious, people-first industrial policy ideas for the AI era—focused on expanding opportunity, sharing prosperity, and building resilient institutions as advanced intelligence evolves.
Sri Lanka raise cooking gas prices by 23 percent
COLOMBO: Sri Lanka on Monday raised prices of liquefied petroleum gas (LPG) by nearly a quarter, blaming higher global prices triggered by the Iran war. As well as gas, Sri Lanka also imports all of its oil and buys coal for electricity generation. Colombo has warned that a prolonged war in the Middle East could seriously undermine efforts to emerge from its economic meltdown of 2022. The increase in cooking gas prices on Monday is on top of an eight percent hike last month. A private company, w...
Germany works to clarify new rules on fighting-age men leaving country
FRANKFURT: Germany’s armed forces are working on clarifying a provision in a recently updated military service law that requires fighting-age men to gain permission to leave the country for more than three months, the defence ministry said. The law went into effect in January, but the requirement – which theoretically affects millions of men between the ages of 17 and 45 in the European Union’s most populous country – had gone mostly unnoticed until a local newspaper...
فاکس: بالا رفتن قیمت سوخت جت، خطر افزایش بهای بلیط هواپیما و کاهش پروازها را به همراه دارد
فاکس گزارش داد قیمت سوخت جت در آمریکا با تشدید جنگ با ایران طی چند هفته بیش از دو برابر شده و از ۲.۱۱ دلار در ژانویه به ۴.۸۸ دلار در اوایل آوریل رسیده است؛ افزایشی کمسابقه از ۲۰۲۲. این روند میتواند به گرانی بلیت و کاهش پروازها در آستانه سفرهای تابستانی منجر شود.
India LPG crisis: Ethanol cooktops pushed as cheaper fuel alternative
[Editor's Note: Follow Khaleej Times live blog amid US-Israel-Iran war for the latest regional developments.]With millions of ordinary Indians suffering from the massive shortage of liquefied petroleum gas (LPG)— triggered by the virtual halt in supplies through the Strait of Hormuz following the outbreak of war last month— there is growing demand in the country to consider alternatives, including ethanol cooktops for households and commercial kitchens.Industry bodies such as the Indi...