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Govt fails to manage petroleum situation: Shahid Khaqan Abbasi
ISLAMABAD: Shahid Khaqan Abbasi on Saturday said that the government policy on petroleum products has been based on reaction and decisions being taken in view of the public anger. Talking to media Shahid Khaqan, a former prime minister, said that the war has passed five weeks, but the government has failed to manage the petrol situation in the country. “The government hiked the price without justification as the war started,” Abbasi said. “Free travel, handouts and cheaper oil...
Gold, silver prices unchanged in Pakistan and international markets
Prices of gold and silver remained stable in domestic and international markets on Saturday. In the local market, the price of gold per tola held steady at Rs490,362, while 10 grams of gold remained at Rs420,406. On the global market, gold prices per ounce were stable at $4,676. Silver prices also remained firm, with one tola trading at Rs7,794 and 10 grams at Rs6,682. Globally, the price of silver per ounce held steady at $73.10. Read: SBP injects Rs13.68tr into market Yesterday,...
Iran’s oil exports from Kharg island increase despite war: media
TEHRAN: Iran’s oil exports from the key island of Kharg have increased even as the war with the United States and Israel rages, Iranian media reported on Saturday. “Following the visits carried out and meetings held on Kharg island, I must say that in recent days not only have oil exports not decreased, but they have increased,” ISNA news agency quoted Moussa Ahmadi, the head of the Iranian parliament’s energy commission, as saying. Kharg Island, located off Iran’s...
Costly reliance
THE reverberations of the Iran war are being felt around the world. In Pakistan, the government has hiked fuel prices, which will mean higher prices for all commodities. School schedules are being shortened and people are finding it harder to ignore the bill that the US-Israel war on Iran has handed them. Similar difficulties are being faced by other countries across the region. All eyes are on the April 6 deadline the US has given Iran to open the Strait of Hormuz. By now, nearly every aspect o...
Another oil shock
THE sharp increase in the domestic price of petrol and diesel is an unavoidable correction amid external price shocks triggered by the US-Israel war on Iran. That the petrol price was reduced by Rs80 in less than 24 hours shows political pressure and confusion in officialdom. Alongside the fuel price adjustments, the government has also ordered early market closures to conserve energy and announced targeted subsidy for motorcycle owners, farmers and transporters. For weeks, the authorities had r...
Punjab rolls out petrol relief package — complete procedure announced
LAHORE: The Punjab government on Saturday launched a comprehensive petrol relief package following a sharp increase in petroleum prices. In a statement shared on social media, Punjab Chief Minister Maryam Nawaz Sharif announced a wide-ranging relief package aimed at reducing the financial burden on citizens. Free motorcycle registration and transfer As part of the package, public transport has been made free across the province. Additionally, motorcycle registration charges and transfer fees hav...
Trump wants $10B to fund construction and beautification projects in and around Washington DC
NewsWorldAmericasUS politicsTrump wants $10B to fund construction and beautification projects in and around Washington DCThe Presidential Capital Stewardship Program would be overseen by the National Park Service and would coordinate renovations of parts of the U.S. capital Mike Bedigan in New York Saturday 04 April 2026 05:11 BSTBookmarkCommentsGo to commentsBookmark popoverRemoved from bookmarksClose popover{"translations":{"comments":"Go to comments","share":"Share","copyLink":"Copy link","bo...
65, single, seeking a roommate: More seniors are being priced out of living alone
National 65, single, seeking a roommate: More seniors are being priced out of living alone Updated April 4, 202612:01 AM ET Originally published April 4, 202612:01 AM ET Heard on All Things Considered Jennifer Ludden 65, single, seeking a roommate: More seniors are being priced out of living alone Listen · 3:51 3:51 Transcript Toggle more options Download Embed Embed <iframe src="https://www.npr.org/player/embed/nx-s1-5760948/nx-s1-9716335" width="100%" height="290" frameborder="0" scr...
Abandoned airport being transformed into £7bn seaside city three times bigger than Monaco
Abandoned airport being transformed into £7bn seaside city three times bigger than MonacoEllinikon International Airport in Athens is being transformed into a massive coastal city with thousands of new homes, Greece's tallest building and luxury facilities opening as early as 2027CommentsNewsLiam McInerney Content Editor 05:00, 04 Apr 2026View 5 ImagesThe abandoned airport site is soon set to be transformed (Image: Bloomberg via Getty Images)A long-abandoned airport that has sat eerily sile...
Easy April 5 recycling mistake could cost householders £80 fine
Easy April 5 recycling mistake could cost householders £80 fineFigures show almost half of adults do not know what can be recycled but getting it wrong can run the risk of a fixed penalty of up to £80 - or more for repeat offendersCommentsNewsElaine Blackburne Network Content Editor05:00, 04 Apr 2026View 3 ImagesMany households have several bins to use(Image: Elaine Blackburne)Householders who incorrectly dispose of their rubbish could find it proves costly with the risk of an £80 fine. Yet rese...
Savers told 'critical to act now' and not delay £542 decision
Savers told 'critical to act now' and not delay £542 decisionCurrent volatility could mean it pays off, according to an expertCommentsMoneySteven Smith Content Editor04:02, 04 Apr 2026View 3 ImagesSavers are being urged to take action(Image: MoMo Productions via Getty Images)A money has issued an urgent warning to Brits. Personal finance expert and co-founder of savings platform Raisin UK, Kevin Mountford, is urging consumers to lock any spare cash they have into savings accounts befor...
Transporters raise fares by 30pc as ‘subsidy falls short’
• Prices of vegetables, fruits, construction materials, essential commodities also surge• Citizens, businesses reject fuel price increase despite provincial relief measures• LCCI warns of higher production costs, reduced export competitiveness LAHORE: Transporters have increased fares by up to 30 per cent following the recent fuel price hike, stressing that the government’s subsidy was insufficient to offset rising operational costs. Moreover, the record increase in petroleum prices has also ca...
Petrol price drops to Rs378 as PM cuts levy amid backlash
• Shehbaz declares all cabinet members will forgo salaries for six months• New price effective from today• In late-night televised address, premier outlines reasons behind Thursday’s steep hike• Sindh, Punjab roll out targeted relief ISLAMABAD: Just a day after an unprecedented surge in petroleum prices, Prime Minister Shehbaz Sharif on Friday announced a major relief measure, slashing the petroleum levy by Rs80 per litre and bringing the price of petrol down to Rs378 per litre. In a late-night...
IMF demands of Pakistan curtailing power subsidy in next budget
ISLAMABAD: The International Monetary Fund (IMF) has demanded of Pakistan to slash the power subsidy in the next financial year to Rs 830 billion, sources said. As the Pakistan and the IMF preparing to set key targets of the next fiscal year’s budget, the lender has demanded Rs 206 billion rupees cut in the electricity subsidy in the budget, according to sources. “The energy sector’s subsidy should not be more than 830 billion in the next budget,” the IMF has demanded of...
Pakistan offers 30 days of free public transport following 40% petrol hike
State-run public transport in Pakistan’s capital and most populous province will be free for the coming month, officials said, after the government drastically raised fuel prices due to the Iran war. The announcement came after street protests and long queues of motorcycles at fuel stations triggered by a late-night decision on Thursday to impose a 42.7 per cent rise in the price of petrol to 485 rupees (US$1.70) per litre. Prime Minister Shehbaz Sharif back-pedalled late on Friday, saying he...
Martin Lewis urges people to act now ahead of April 7 price rise
Martin Lewis urges people to act now ahead of April 7 price riseThe price increase will take place from April 7CommentsMoneySophie Buchan Money and Lifestyle Writer02:46, 04 Apr 2026View 3 ImagesRoyal Mail has announced some changes(Image: Scott Jenkin via Getty Images)Martin Lewis is advising people to "stock up now" before a price increase, which is set to take effect very soon.According to the Money Saving Expert (MSE) website, stamp prices will rise from Tuesday, 7 April, with a s...
Trump proposes “historic” defense spending budget, eyes 10% cut to other federal programs
WASHINGTON: President Donald Trump on Friday requested a 10% cut in non-defense spending for the 2027 fiscal year and a massive $500 billion increase in the military budget, as the U.S. continues its war against Iran. The 2027 budget request comes as the president faces risky choices abroad, with the administration sending U.S. service members to the Middle East, and a weary public at home feeling the economic crunch of skyrocketing gas prices due to the conflict. The request ultimately require...
Vietnam Growth Slows as Rising Energy Costs Feed Uncertainty
Vietnam’s economic momentum slowed in the first quarter as escalating tensions in the Middle East drive up energy costs and disrupt global trade routes, complicating General Secretary To Lam’s push for double-digit growth.
Lucid blames dip in Q1 sales on seat supplier issue
Lucid Group finished 2025 on an upswing — building twice as many EVs as the previous year and reporting a 55% uptick in sales. Then the first quarter of 2026 arrived. The company, which makes the Air sedan and Gravity SUV, reported Friday that it sold 3,093 vehicles in the first quarter, a 42% drop from the previous quarter and about 0.5% lower than the same period last year. It had built many more, about 5,500 in total.
Alert for tenants over new £1,100 cost and impending rule change
Alert for tenants over new £1,100 cost and impending rule changeA new law and current events are creating 'a perfect storm'CommentsMoneySteven Smith Content Editor01:55, 04 Apr 2026View 3 ImagesTenants could face rent hikes(Image: Tatjana Aleksejeva via Getty Images)Tenants are being warned as events conspire against them. Experts warn rents could surge as buy-to-let mortgage repayment costs increase by an average of £1,100 annually amid the Iran conflict, creating a "perfect stor...