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Provinces look to avoid fuel subsidy burden

• Punjab, Sindh favour passing global oil prices to consumers• National leadership dialogue planned on March 30-31• Petrol, diesel consumption rises amid price freeze• Targeted subsidy proposed with 20-litre monthly cap for bikers• Contingency plans include rationing, lockdowns, reduced workdays• KP...

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How China’s EV makers think they can outrun disastrous price wars

The era of price wars in China’s electric vehicle (EV) market is giving way to a new contest: who can deliver better technology at the same price. On a cloudy evening in March, Shenzhen-based BYD put forward its answer with the unveiling of a battery capable of charging from 10 to 70 per cent in jus...

Rs50,000 stipend: check if your name is on the list

ISLAMABAD: The Pakistan Engineering Council (PEC) has selected 1,700 fresh engineering graduates for its flagship Graduate Engineer Trainee (GET) Placement Program, offering a monthly stipend of Rs50,000 and six months of industry training across the country. The selection was finalized through a tr...

Petroleum Prices: Rs 300 bln subsidy on the card

ISLAMABAD: The government has requested to the provinces for financial cooperation to extend up to Rs 300 billion targeted subsidy to the public, sources at Ministry of Finance said on Saturday. The federal government has requested to the provinces for allocation of Rs 154 billion for the subsidy sc...

Bank of America agrees to pay $72.5 million to settle Epstein accusers' lawsuit

Plaintiffs' lawyers, who won $365m from JPMorgan and Deutsche Bank, call deal best option for victims

IMF reaches staff-level deal with Pakistan for $1.2bn tranche after third EFF review

Fund backs fuel pricing policy, warns Middle East conflict may pressure inflation and growth outlook

Britney Spears shares a joyful moment with her son after her arrest

Britney Spears gets united with her son. On March 27, Britney Spears reunited with her younger son, Jayden Federline, marking her first post following her arrest on March 4. Taking to her official Instagram account, she posted a video explaining, whilst she posed in the mirror with her 19-year-old a...

Pakistani ports emerge as safe trade hub

ISLAMABAD: With the implementation of facilitation measures, long queues of container ships have begun forming at Karachi ports as global shipping lines divert vessels to Pakistan, seeking safer routes amid increased risks in the Strait of Hormuz due to the ongoing Middle East conflict. The governm...

Labor to underwrite Australian fuel imports under new security powers to ensure supply

Albanese announces forthcoming legislation to guarantee private sector purchases of fuel and fertiliserThe Australian government will take on the financial risk of importing essential products affected by the war in the Middle East to get additional supplies of petrol, diesel, and fertiliser into th...

Govt clears Rs 2.4 lakh crore proposals for procurement of more S-400 units

The approval for additional S-400 ‘Sudarshan’ systems, which had helped neutralise Pakistani missiles during last year’s conflict in May and had also to its credit the world’s longest-range kill of an enemy aircraft, has come at a time when IAF teams are in Russia to receive the fourth squadron unde...

Stocks tumble for fifth week amid Iran war, rising oil costs

Stocks tumbled on Friday amid the uncertainty in Iran, marking the fifth consecutive week of declines. It's the longest stretch of weekly losses in nearly four years. CBS News business contributor Javier David has more.

The Close 3/27/2026

Bloomberg Television brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today's guests are Morgan Stanley’s Jim Caron, Los Angeles Mayor Karen Bass, Bernstein Research’s Stacy Rasgon, TWG Global Managing Partner Amos...

Fund With Anthropic Stake Extends Drop in Stunning IPO Reversal

Shares of the Fundrise Innovation Fund fell sharply for a second straight day Friday, though remain well above the underlying value of its holdings in private tech firms including the potentially IPO-bound SpaceX and Anthropic PBC.

Brazil sees surge in peanut exports to China

Brazil sees surge in peanut exports to China

Iran conflict drives fuel prices, inflation fears higher

Iran conflict drives fuel prices, inflation fears higher

Commercial LPG allocation to states increased by 20%

In a letter to chief secretaries of states and UTs, petroleum secretary Neeraj Mittal said only those industrial units that have registered with oil marketing companies, declaring the end use of gas cylinders, and have also signed up for the piped gas network will be eligible for the additional quot...

Citi’s Global Credit Head on Risks in Private Credit

Michael Anderson, Citigroup Global Head of Credit Strategy, addressed recent large redemptions in private credit funds, highlighting liquidity and credit mismatches as key issues. He speaks with Katie Greifeld and David Gura on “The Close.” (Source: Bloomberg)

Market Priced for Risk, Not Disruption: Fmr. WH Advisor

Brent crude oil prices have risen back above $113 per barrel, driven by heightened uncertainty following President Trump's ten-day pause on strikes targeting Iran's energy infrastructure. Amos Haksef, Managing Partner at TWG Global and former senior adviser and deputy assistant under President Biden...

Trump provides new aid for farmers and food suppliers amid Iran war

President offered new federal loan guarantees and an update to renewable fuel standards to boost US agricultureDonald Trump is offering aid to farmers and food suppliers as they face a fresh set of challenges amid the US-Israel war on Iran, the White House announced Friday.After a White House event...