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Fuel prices could keep rising for months after Hormuz reopens, US EIA says

April 7, 2026 6:05

NEW YORK: Fuel prices could keep rising for months even after the Strait of Hormuz reopens, the U.S. Energy Information Administration said on Tuesday, deviating from President Donald Trump’s assurances that consumers will see immediate relief when he ends the war with Iran. The U.S.-Israeli war with Iran, now in its second month, has sent oil and fuel prices skyrocketing around the world as Iran has been blocking vessels from crossing the Strait of Hormuz, a key trade chokepoint. Trump, whose approval rating dipped to new lows as pump prices surged to multi-month highs, has repeatedly told Americans that the sticker shocks are temporary. However, the EIA, the U.S. Department of Energy’s statistical arm, was less certain in its short-term energy outlook report. The trajectory of fuel prices depends on a number of variables, including the duration of the Strait of Hormuz’s closure and the amount of oil production that has been shut in the Middle East due to it, both of which the agency can only estimate, it said. READ MORE: Oil prices rise as Hormuz stays shut ahead of Trump deadline, strikes on Iran intensify “Just as we had never before seen the strait close, we’ve never seen it reopen. What exactly that looks like remains to be seen,” the EIA said. Trump has given Iran an ultimatum to open the Strait of Hormuz by the end of Tuesday. If an agreement is not reached on Tuesday, “a whole civilization will die tonight,” Trump threatened. The EIA said it expects full restoration of flows through the Strait of Hormuz will take months even after the conflict ends, and it expects uncertainty around future supply disruptions to keep oil prices above pre-conflict levels through the rest of this year. [...]

Soyoil at 3-year high as war tension builds, wheat slips on rain forecasts

April 7, 2026 4:55

SINGAPORE: Chicago soyoil futures rose to their highest since late 2022 on Tuesday, supported by strength in crude oil as a standoff over the Strait of Hormuz threatened more escalation in the U.S.-Israeli war with Iran. Wheat, however, fell for a second day as forecasts of rain this week in a swathe of U.S. Plains tempered concerns about drought stress to crops. Price moves were moderate as investors awaited war developments while crop traders were also looking ahead to a monthly U.S. Department of Agriculture crop report on Thursday. The most-active soyoil contract on the Chicago Board of Trade (CBOT) was up 0.6% at 70.38 cents per pound by 1258 GMT, after earlier reaching its highest since December 1, 2022, at 70.47 cents. CBOT soybeans ticked up 0.1% to $11.68 a bushel, while corn eased 0.4% to $4.52 a bushel CBOT wheat fell 0.5% to $5.92-1/4 a bushel. “Overall the week promises to be eventful both on the geopolitical side, with Trump’s deadline for Iran to open the Strait of Hormuz, and on the fundamental side, with the USDA report due on Thursday,” CM Navigator analyst Donatas Jankauskas said.** READ MORE: Chicago soybeans extend gains as soyoil prices rally Oil prices extended gains as Iran showed no sign of agreeing to U.S. President Donald Trump’s demand that it open the Strait of Hormuz to shipping by the end of Tuesday or suffer massive attacks on its civilian infrastructure. Grains and oilseeds have drawn impetus from crude oil during the month-old Middle East conflict, partly because agricultural goods like soyoil and corn are widely used for biofuel. The wheat market was reacting to forecasts of rainfall in the U.S. Plains that may reach a bigger expanse of drought-affected cropland than showers last week. The prospect of timely moisture deflected attention away from a lower-than-expected estimate of U.S. wheat conditions. In its first weekly crop progress report of the 2026 growing season, the USDA on Monday rated just 35% of the winter wheat crop as being in good-to-excellent condition, a three-year low. Corn planting was under way, with 3% of the expected area planted, the USDA also said. [...]

India says IPO approvals valid for longer amid Middle East war

April 7, 2026 4:54

MUMBAI: India has granted a one-off extension for public offers that are being deferred due to the Middle East war that is now in its sixth week, according to a statement by the markets regulator. The Securities and Exchange Board of India said the extension is for companies whose regulatory approval will lapse between April 1 and September 30, with the extension valid until September 30. India mandates that companies must go public within 12- to-18 months of regulatory approval. READ MORE: India regulator stalls new exchanges’ entry into options market, sources say The regulator also said that exchanges will not penalize companies that can’t meet the regulatory requirement of having a minimum of 25% shares with the public. This leeway will also be until September 30. The relaxations follow requests from market participants as the war and the resultant market volatility have led several firms to defer or withdraw share issuance plans. [...]

Aluminium gains as a UAE smelter faces prolonged repairs

April 7, 2026 4:52

LONDON: Aluminium prices rose on Tuesday and the key aluminium spread on the London Metal Exchange jumped with the market pricing in confirmation of prolonged repairs which a smelter in the UAE is facing after an Iranian attack late last month. The three-month aluminium contract on the London Metal Exchange (LME) gained 1.1% to $3,507 a metric ton in official open-outcry trading. Emirates Global Aluminium said on Friday that fully restoring production at its Al Taweelah smelter, which produced 1.6 million tons of cast metal in 2025, could take up to a year as it entered an emergency shutdown after the March 28 attacks. READ MORE: Aluminium slips on firmer dollar, but heads for biggest weekly gain in a month It is “a rather significant amount of time to be out,” Marex analyst Ed Meir said in a note, adding that a significant outage in the Gulf region will likely tip the market into a sizable deficit this year. The premium for LME cash aluminium contract over the three-month contract was last at $77 a ton, its highest since 2007, on Tuesday, up from $61 in late March, signalling tightening availability for immediate supply. In the wider markets, investors were in wait-and-see mode as the looming deadline imposed by U.S. President Donald Trump for a deal with Iran threatened escalation in the conflict. LME copper was down 0.1% at $12,344 a ton in official activity under pressure from rising stocks in the LME system. Goldman Sachs on Monday raised its forecast of a surplus in the global copper market this year to 490,000 tons from the previously expected 380,000 tons after its economists estimated that higher energy prices could shave 0.4 percentage points off global GDP growth. Copper stocks in the LME-registered warehouses rose to 378,775 tons, their eight-year high, after 16,125 tons of inflows in Asia, Europe and the U.S. on April 2, daily LME data showed. Elsewhere on the LME, zinc gained 1.8% to $3,322.5 while lead was steady at $1,933. Both hit the highest since March 11 earlier in the session. Tin lost 0.6% to $46,000and nickel was down 0.5% at $17,000. [...]

Weekly crude exports from Saudi Arabia’s Yanbu port drop 15%, shipping data shows

April 7, 2026 4:50

LONDON: Crude exports from Saudi Arabia’s Red Sea port of Yanbu fell by about 15% week-on-week to average nearly 3.9 million barrels per day in the week beginning March 30, shipping data from LSEG and Kpler showed. Exports in the week beginning March 23 were near 4.6 million bpd, the data showed. Yanbu, with a capacity to export about 5 million bpd, is the only Saudi port currently capable of exporting crude to other regions amid massive disruptions to transit through the Strait of Hormuz. Overall, exports from the port in March averaged 3.3 million bpd, according to Kpler, a more than four-fold increase from February levels. READ MORE: Saudi Red Sea oil exports set to jump to 3.8 million bpd in March, shipping data shows Saudi Aramco has been pumping crude along its East-West pipeline to Yanbu to keep supplies flowing and offset the effective closure of the strait. Aramco can pump up to 7 million bpd through the pipeline, around 5 million bpd of which could be available for export, with the rest supplying local refineries, the company said on March 10. “The drop in exports likely reflects vessel availability and the timing of vessel discharges,” Kpler analyst Johannes Rauball said. A shipping source said comments by Yemen’s Iran-aligned Houthi movement about possible attacks on the Bab al-Mandab Strait were making some shipowners wary of sending vessels to the port. [...]

Rupee gains ground against US dollar

April 7, 2026 4:45

Rupee's Performance Against US Dollar Since 04 March 2025 const ctx = document.getElementById('closingRatesChart').getContext('2d'); const closingRatesChart = new Chart(ctx, { type: 'line', data: { labels: [ "04-Mar-25", "05-Mar-25", "06-Mar-25", "07-Mar-25", "10-Mar-25", "11-Mar-25", "12-Mar-25", "13-Mar-25", "14-Mar-25", "17-Mar-25", "18-Mar-25", "19-Mar-25", "20-Mar-25", "21-Mar-25", "24-Mar-25", "25-Mar-25", "26-Mar-25", "27-Mar-25", "28-Mar-25", "03-Apr-25", "04-Apr-25", "07-Apr-25", "08-Apr-25", "09-Apr-25", "10-Apr-25", "11-Apr-25", "14-Apr-25", "15-Apr-25", "16-Apr-25", "17-Apr-25", "18-Apr-25", "21-Apr-25", "22-Apr-25", "23-Apr-25", "24-Apr-25", "25-Apr-25", "28-Apr-25", "29-Apr-25", "30-Apr-25", "02-May-25", "05-May-25", "06-May-25", "07-May-25", "08-May-25", "09-May-25", "12-May-25", "13-May-25", "14-May-25", "15-May-25", "16-May-25", "19-May-25", "20-May-25", "21-May-25", "22-May-25", "23-May-25", "26-May-25", "27-May-25", "29-May-25", "30-May-25", "02-Jun-25", "03-Jun-25", 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'black', borderWidth: 1, fill: false, pointRadius: 3 }] }, options: { responsive: true, plugins: { legend: { display: false } }, scales: { x: { title: { display: true, text: 'Date' } }, y: { title: { display: true, text: 'Closing Rate' } } } } }); The Pakistani rupee registered marginal gain against the US dollar in the inter-bank market on Tuesday. At close, the local currency settled at 279.06, a gain of Re0.01, against the greenback. On Monday, the local unit closed at 279.07. Moreover, the dollar stood just shy of recent highs on Tuesday as traders counted down to a U.S.-imposed deadline for Iran to reopen the Strait of Hormuz to shipping or face attacks on its infrastructure. The yen slipped to 159.80 to the dollar, not far from multi-decade troughs and levels that drew intervention in 2024. The U.S. dollar index edged 0.05% up at 100.03. It hit 100.64 last week, its highest since May 2025. The euro was roughly unchanged at $1.1535, while traders priced in three European Central Bank rate hikes by year-end and ECB officials reiterated the central bank could act to tame inflation. Oil prices climbed on Tuesday and U.S. crude was on track for its highest close since 2022 ahead of a deadline set by U.S. President Donald Trump for Iran to open the Strait of Hormuz or face attacks on power plants and other infrastructure. Brent futures rose 63 cents, or 0.6%, to $110.40 a barrel at 10:41 a.m. EDT (1441 GMT), while U.S. West Texas Intermediate (WTI) crude rose $3.95, or 3.5%, to $116.36. Inter-bank market rates for dollar on Tuesday BID Rs 279.06 OFFER Rs 279.26 Open-market movement In the open market, the PKR lost 12 paise for buying and remained unchanged for selling against USD, closing at 279.43 and 280.13, respectively. Against Euro, the PKR lost 57 paise for buying and 38 paise for selling, closing at 321.85 and 324.80, respectively. Against UAE Dirham, the PKR lost 5 paise for buying and 1 paisa for selling, closing at 76.02 and 76.87, respectively. Against Saudi Riyal, the PKR lost 5 paise for buying and 2 paise for selling, closing at 74.32 and 75.07, respectively. Open-market rates for dollar on Tuesday BID Rs 279.43 OFFER Rs 280.13 [...]

Indian companies’ $3.7bn NDF hoard shows firms seized rupee arbitrage window

April 7, 2026 3:12

MUMBAI: Indian companies’ activity in the non-deliverable forwards (NDF) market surged to over $3.7 billion on March 30, around four times the average, signaling a rush to capture arbitrage opportunities created by banks unwinding positions following regulatory curbs. The unwinding followed the Reserve Bank of India’s imposition of restrictions on lenders’ net onshore open FX positions, prompting a rush to lower positions aimed at benefitting from gaps between onshore and non-deliverable forwards. With banks selling dollars in the domestic market and simultaneously buying them in NDF to close the trades, the spread between the two widened, creating arbitrage opportunities that corporates exploited by buying dollars onshore and selling in NDF. Clearing house data bears out how this fueled a surge in NDF activity. Client trading volumes in the NDF market jumped manifold to $3.7 billion on March 30, Clearing Corp of India data showed. READ MORE: Indian rupee ends higher; traders eye Trump’s Iran deadline, RBI policy decision Dollar selling dominated, with $3.7 billion of corporate dollar sales, while buying was a mere $11.92 million. The data indicates why the central bank’s curbs on size of banks’ onshore FX positions, announced on March 27, were not able to meaningfully lift the rupee. On March 30, the currency initially ticked up but fell to an all-time low past 95 per U.S. dollar eventually due to onshore corporate dollar demand. Since then, India’s central bank has intensified its regulatory crackdown and barred local lenders from offering clients NDF while disallowing companies from rebooking canceled forward contracts. The series of measures by RBI, especially the curbs on corporate activity, has helped boost the rupee with the currency trading around 93 per U.S. dollar. [...]

Oil shock turbocharges Asia FX intervention risk: McGeever

April 7, 2026 3:08

ORLANDO: Several Asian countries, including India and the Philippines, have already intervened in the foreign exchange market to support their currencies since the Iran war broke out. They’re unlikely to be the last. Asia, which imports 60% of its crude oil from the Middle East, is the continent most exposed to the energy shock triggered by the Iran war. Brent crude prices have soared 55% since the conflict broke out on February 28. As a result, many Asian countries now potentially face a doom loop of rising energy costs, imported inflation, demand destruction and weakening currencies that could spiral rapidly if not checked. The MSCI emerging market currency index fell 3% in March, its worst month since September 2022. Several currencies from Asian countries running current account deficits unsurprisingly underperformed: India’s rupee, Indonesia’s rupiah and the Philippine peso all slumped to record lows against the dollar. READ MORE: Indian rupee ends little changed, hemmed in by position unwinding, importer hedging But even nations with strong external balance sheets, like Japan and South Korea, have come under fire. South Korea’s won just hit a 17-year low, while the Japanese yen is historically weak at 160 per dollar. The yen was struggling long before the Iran conflict began, but the war has amplified the risk, leading Tokyo’s Ministry of Finance to crank up its verbal intervention to prevent further weakening. Many central banks in Asia are currently facing an “FX intervention trilemma,” according to Bob Savage, head of markets macro strategy at BNY. “The energy supply shock clearly leads to cost-push inflation, but the currency transmission is problematic because the dollar bid goes up too.” Unfortunately for policymakers across the region, unless there is a quick cessation of hostilities in the Middle East, including the full reopening of the Strait of Hormuz, the pressure to intervene will only grow – resulting in even more volatility for FX investors. Dollar-denominated double whammy Asia is facing a double whammy from dollar-denominated oil. Global crude prices have surged. Brent is now 70% more expensive than it was a year ago, which feeds into Asian countries’ inflation models. On top of that, the physical shortage of oil across the continent means Asian buyers must pay a premium on physical cargoes and refined products. That premium above the “paper” price of oil quoted on financial screens has soared to record levels of up to $40 a barrel. Asia’s oil and gas trade deficit is around 2.1% of GDP, compared with the euro zone’s deficit of 1.5% of GDP, according to economists at Morgan Stanley. The U.S., remember, is a net exporter of oil and gas. Morgan Stanley estimates that if Brent remains around $120 a barrel and natural gas stays around $3 per million British thermal units, Asia’s energy burden would soar to around 6.5% of GDP. That’s where demand destruction historically kicks in and growth risks intensify. This isn’t an outlandish scenario - the bank’s oil analysts’ base case scenario is that the Strait of Hormuz remains effectively closed through the end of April. The impact would be uneven, of course. China would be better insulated, while Thailand, South Korea, Taiwan, India, and Japan would be much more exposed – though even relatively cosseted countries could ultimately suffer if their trading partners take a hit. Sell America, buy local Governments across the continent are already implementing a range of fiscal and other measures to tackle the energy crisis, such as introducing subsidies, export bans on fuel, and releasing national oil and gas reserves. But that probably won’t be enough. If the energy squeeze persists, authorities across Asia may be compelled to dip into their FX reserves and sell assets like U.S. bonds to ward off inflationary pressures, and in extremis, maybe even pay for fuel imports. The recent decline in U.S. Treasuries held in custody at the New York Fed on behalf of foreign central banks suggests the Iran war has already prompted some reserve managers to sell dollars for local currency. Deutsche Bank analysts estimate around 80% of the fall in custody holdings in March was down to active selling of Treasuries. Much of that will have been from Asian central banks. If there is no resolution to the war, currency intervention across the continent is almost certain to spread, which risks triggering a larger selloff in U.S. Treasuries and one of the most volatile periods for Asian currencies in decades. [...]

India’s sugar, edible oil demand drops as commercial gas shortages hit restaurants

April 7, 2026 2:15

MUMBAI: Consumption of sugar and edible oils in India, the world’s largest market, is declining as a shortage of commercial gas cylinders has forced restaurants to scale back operations during the summer holiday season. Lower consumption could curb India’s imports of edible oils, including palm oil from Indonesia and Malaysia, and soyoil and sunflower oil from Argentina, Brazil, Russia and Ukraine. Roadside eateries and restaurants are facing gas cylinder shortages, which is reducing their edible oil consumption, said B.V. Mehta, executive director of the Solvent Extractors’ Association of India (SEA), noting that India’s edible oil imports fell nearly 9% in March from the previous month to 1.2 million tons. READ MORE: Iran halts two Qatar LNG tankers it previously cleared to transit Strait of Hormuz These restaurants serve popular dishes such as samosas and chole bhature, which are typically deep-fried. Manoj Yadav, who runs a roadside eatery serving chole bhature, said he was unable to operate last week after running out of cooking gas, resuming business this week after securing a single cylinder that is unlikely to last more than ten days. “Gas cylinder deliveries haven’t happened even three weeks after booking. I’m not sure if I’ll get a new cylinder or when it will be delivered,” Yadav said. India, the world’s second-largest liquefied petroleum gas (LPG) importer, is battling its worst gas crisis in decades, with the government cutting supplies for industries to shield households from shortages. The country consumed 33.15 million metric tons of LPG, or cooking gas, last year, with imports accounting for about 60% of demand. About 90% of those imports came from the Middle East. A senior official with the National Federation of Cooperative Sugar Factories Ltd (NFCSF) told Reuters that the gas shortage has also hit sugar demand, which typically rises during the summer months. “Summer holidays have begun and the wedding season is picking up,” the official said, adding that many roadside tea stalls and sweet shops have scaled back operations or shut temporarily. The official requested anonymity as they were not authorized to speak to the media. [...]

Pakistan repaid $1.3bn Eurobond on schedule, says Khurram Schehzad

April 7, 2026 2:03

Pakistan on Tuesday repaid a $1.3 billion Eurobond maturing on April 8, 2026, in full and on schedule, as part of its routine external debt management, said Advisor to Finance Minister Khurram Schehzad. The country also met $126.125 million in coupon obligations on other Eurobond issuances, he wrote in a post on X. “This brings total payments today to over $1.426 billion,” he said. “Debt servicing continues to be executed as a non-event - reflecting consistency, discipline, and strengthened capacity.” Schehzad said this performance was underpinned by “stable external buffers and improved liquidity, continued macroeconomic stablisation and resilience, strengthening investor confidence, and a more sustainable and disciplined debt trajectory”. “The seamless execution of large external repayments underscores both capacity and consistency - reinforcing Pakistan’s credibility across global investors and financial institutions,” he wrote. Pakistan would return a $3.5 billion loan to the United Arab Emirates this month, raising pressure on reserves and risking breaches of International Monetary Fund (IMF) programme targets with an additional $1.3 billion Eurobond repayment due by June, Reuters, citing two government officials, reported on Tuesday. Foreign exchange reserves held by the State Bank of Pakistan (SBP) stood at $16.38 billion during the week ended March 27. Net foreign reserves held by commercial banks were recorded at $5.41 billion, bringing the country’s total reserves to $21.79 billion. [...]

Gold price per tola drops Rs3,000 in Pakistan

April 7, 2026 1:31

Gold prices in Pakistan decreased on Tuesday in line with their loss in the international market. In the local market, gold price per tola reached Rs488,462 after a decline of Rs3,000 during the day. Similarly, 10-gram gold was sold at Rs418,777 after it fell by Rs2,572, according to rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). On Monday, gold price per tola reached Rs491,462 after a gain of Rs1,100 during the day. The international rate of gold declined by $30 to reach $4,657 per ounce (with a premium of $20). Meanwhile, the price of silver remained at Rs7,744 per tola. [...]

Indian rupee ends higher; traders eye Trump’s Iran deadline, RBI policy decision

April 7, 2026 10:43

MUMBAI: The Indian rupee closed stronger on Tuesday, supported by the unwinding of residual arbitrage positions, while traders braced for a U.S. deadline to reach a deal with Iran and the Reserve Bank of India’s monetary policy decision. The Indian rupee closed up 0.1% at 93.0075 against the U.S. dollar, its strongest closing level since mid-March. The currency has found its footing after hitting a series of record lows over the past month, helped largely by the RBI’s measures to curb arbitrage and speculative activity in the domestic foreign exchange market. The unwinding of arbitrage positions, however, has widened the gap between onshore and non-deliverable forwards, with the spread between 1-month tenors rising to the highest level since the Covid-19 pandemic disrupted global markets. The Indian rupee lately came under pressure from the escalating conflict in the Middle East. Iran and Israel traded attacks on Tuesday as Tehran refused to reopen the Strait of Hormuz and accept a ceasefire deal on the eve of a deadline set by U.S. President Donald Trump. Trump has threatened to strike civilian infrastructure in Iran in the absence of a deal by 8 p.m. ET on Tuesday (0000 GMT Wednesday). “No one knows whether the deadline is another bout of maximalist pressure from the White House, but until there is news of a ceasefire, or perhaps a prolonged postponement of the current deadline, the dollar is likely to stay bid,” ING said in a note. Concerns over the conflict have kept oil prices near $110 per barrel, and driven foreign investors out of Indian stocks. Foreign investors have net sold nearly $16 billion of domestic equities over March and April so far. Traders also await the RBI’s policy decision on Wednesday. The central bank is widely expected to keep rates unchanged, with focus on its readiness to support the rupee and inject liquidity to keep bond yields in check. [...]

Palm falls for second session on crude oil weakness

April 7, 2026 10:40

KUALA LUMPUR: Malaysian palm oil futures settled lower for a second straight session on Tuesday, erasing intraday gains, as weaker crude oil prices weighed on the market. The benchmark palm oil contract for June delivery on the Bursa Malaysia Derivatives Exchange shed 45 ringgit, or 0.94%, to 4,766 ringgit ($1,183.22) a metric ton at the close. The market continues to hinge on the direction of crude oil prices amid ongoing uncertainty over the geopolitical situation in the Middle East, said Paramalingam Supramaniam, director at Selangor-based brokerage Pelindung Bestari. At 1010 GMT, the benchmark Brent crude shed 0.75% to $111.93 a barrel. Weaker crude oil futures make palm a less attractive option for biodiesel feedstock. “If exports continue in the same direction as we saw in March and existing stock levels hold steady, the market is expected to remain resilient,” Supramaniam said. Malaysia’s palm oil inventories likely dropped in March by the most in three years to their lowest level since last July, as a surge in exports more than offset a modest increase in output, a Reuters survey showed. The Malaysian Palm Oil Board is expected to release its supply and demand report on April 10. Dalian’s most-active soyoil contract rose 0.85%, and its palm oil contract fell 0.36%. Soyoil prices on the Chicago Board of Trade firmed 0.11%. Palm oil tracks the price movements of rival edible oils, as it competes for a share of the global vegetable oils market. The ringgit, palm’s currency of trade, weakened 0.07% against the dollar, making the commodity slightly cheaper for buyers holding foreign currencies. [...]

Indian shares inch higher led by pre-earnings rally in IT stocks; RBI decision eyed

April 7, 2026 10:27

Indian shares rose on Tuesday, led by gains in information technology stocks ahead of quarterly earnings, while concerns over an escalation in the Middle East war ahead of U.S. President Donald Trump’s deadline for Iran to reach a deal kept investors cautious. Investors are waiting for the Reserve Bank of India’s policy decision due on Wednesday, its first since the conflict began. The Nifty 50 rose 0.68% to 23,123.65 and the Sensex added 0.69% to 74,616.58, marking a second straight session of gains. Fourteen of the 16 major sectors advanced, while small-caps fell 0.1% and mid-caps rose 0.2%. IT stocks jumped 2.5%, extending gains to a fourth session ahead of Tata Consultancy Services’ earnings on Thursday. “While the concerns around AI disruption for IT sector persist from a long-term perspective, we are seeing some value buying emerging in the sector ahead of Q4 earnings,” said Anita Gandhi, head of institutional business at Arihant Capital Markets. However, she said the sustenance of the rally hinges on positive commentary from companies. Metal index rose 1.6% as Hindalco and Vedanta jumped 3% and 3.4% after JP Morgan upgraded them to “overweight”. Rate sensitives such as financials, banks , auto rose 0.1%-0.3% ahead of RBI decision, in which the central bank is expected to keep interest rates unchanged as policymakers assess the fallout from the Iran war. Meanwhile, oil prices hovered around $109 per barrel, after Trump reiterated threats to strike Iran’s power plants and civilian infrastructure unless Tehran reaches a deal by 8 p.m. EDT Tuesday, or 5:30 a.m. IST on Wednesday, to reopen the Strait of Hormuz. Elevated crude prices strain India’s import bill and weigh on economic growth and corporate margins. Among stocks, Jubilant Foodworks shed 10.4% after business update spurred worries of subdued March quarter earnings. [...]

China’s forex reserves fall more than expected in March

April 7, 2026 9:55

BEIJING: China’s foreign exchange reserves fell more than expected in March, central bank data showed on Tuesday, as the dollar gained strength. The country’s foreign exchange reserves, the world’s largest, stood at $3.342 trillion last month, below the estimated $3.398 trillion in a Reuters poll. The reserves totalled $3.428 trillion in February. China’s forex reserves rise in February as dollar gains The yuan fell 0.37% against the dollar last month, while the dollar strengthened 2.27% against a basket of major currencies. [...]

Fed’s Williams says Middle East war will drive up inflation: Bloomberg

April 7, 2026 6:10

Federal Reserve Bank of New York President John Williams said on Tuesday the Middle East war energy shock will drive up overall inflation over the course of this year, while reiterating monetary policy is in the right place to deal with what happens in the U.S. economy. The war impact “will directly go into headline inflation because energy prices are an important component of that,” Williams said in an interview on Bloomberg’s television channel. “I expect headline inflation to actually be elevated, you know, in the middle of this year” and come in at around 2.75% for the year, he added. In the near term, as the shock from the Middle East war, launched by U.S.-Israeli attacks on Iran, works its way through the economy, Williams said it is possible for inflation to go over 3%, noting that markets are expecting such an outcome. READ MORE: Powell says Fed can ‘wait and see’ how war affects inflation He said he’s got a close eye on what’s happening to underlying inflation, and there the energy shock will also lift prices, just not by as much. “Overall, I’m kind of where I’ve been for a while, with core inflation around two and a half percent this year,” Williams said, referring to inflation excluding food and energy. Williams reiterated in his interview that he doesn’t see any imminent need to change the setting of monetary policy. The Fed’s interest rate target is currently in a range of 3.5% to 3.75%, with officials at last month’s policy meeting having penciled in one quarter-point rate cut this year. “Monetary policy today is really well positioned, given where all of those dynamics have been playing out, and well positioned to kind of wait and see on some of the effects of…what’s happening today,” Williams said. “I’m not saying we’re just, you know, in some kind of ‘we can’t act’” stance, instead, “I think this monetary policy is exactly where it needs to be.” Williams said the impact of the war and the increase in prices it has brought will likely pull down growth a bit as consumers are forced to spend more on energy. He also said in the current low-hire, low-fire economy he expects the unemployment rate to hold mostly steady going forward. “I’ve been bringing down my forecast for growth this year, probably somewhere between two and two and a half percent for growth this year, and unemployment rate probably staying around where it is now,” he said. Williams also said in the interview he doesn’t see the uncertainties around the confirmation of Kevin Warsh to be Fed chair, and the possibility that current leader Jerome Powell will need to stay on longer, affecting the Fed’s work. “I would just highlight the most important thing here is that, you know, we’re just focused on doing our work. There’s no issue about continuity or things like that,” Williams said. [...]

Fuel prices could keep rising for months after Hormuz reopens, US EIA says

April 7, 2026 6:05

India says IPO approvals valid for longer amid Middle East war

April 7, 2026 4:54

UK new car market posts strong March, but Middle East turmoil clouds outlook

April 7, 2026 4:48

Britain’s market for new cars posted its strongest March since 2019, but the outlook looks cloudy as most of the sales reflected orders placed before the Iran war began and mask growing concern about consumer confidence and affordability. Total car registrations rose 6.6% year-on-year to 380,627 units in March, the Society of Motor Manufacturers and Traders (SMMT) said. “The headlines belie the costs incurred and the challenges involved,” SMMT Chief Mike Hawes said in a statement, adding that much of March’s performance would be from orders placed before the start of the Iran war on February 28. March is typically the busiest month of the year and new car registrations were boosted by strong demand from private buyers, SMMT said. Monthly new car sales in Britain have seen an increase year-on-year since December. READ MORE: UK new car sales fall 6% in October, industry data shows However, the escalating conflict in the Middle East involving U.S.-Israeli strikes on Iran and Iranian strikes against Israel, U.S. bases and Gulf states and the closure of the Strait of Hormuz has raised oil prices and darkened the outlook for global economies. “We expect the good run of form in the car registrations data will grind to a halt in the coming months, as the weight of surging energy costs and the prospect of (rate) hikes from the (BOE) MPC curbs affordability,” said Elliott Jordan-Doak, a senior economist at Pantheon Macroeconomics. Iran crisis may spark interest in EVS The SMMT said that the Middle East conflict and the surge in fuel costs may lead to increased demand for electric vehicles, but also risks pushing up energy and supply chain costs. “With uncertainty around the cost of fuel, electric vehicle enquiries are on the up, as consumers look to electric as an attractive alternative to petrol and diesel vehicles,“ said Jamie Hamilton, automotive partner and head of electric vehicles at Deloitte. Battery electric vehicles recorded their best month in terms of volumes in March, though their overall market share remained at 22.6%, well below the government-mandated target of 33% for 2026, the SMMT said. Tesla’s UK new registrations rose 20% from a year earlier to 8,599 units, trailing Chinese peer BYD’s nearly 134% jump to 15,162 units, according to SMMT data. Data on Tuesday from New AutoMotive showed similar trends for the month. [...]

Rupee gains ground against US dollar

April 7, 2026 4:45

Indian companies’ $3.7bn NDF hoard shows firms seized rupee arbitrage window

April 7, 2026 3:12

India’s RBI seen looking past muted overnight rates, avoid liquidity drain, bankers say

April 7, 2026 3:11

MUMBAI: India’s central bank is likely to allow overnight interbank rates to stay near the floor of the policy corridor for longer and refrain from draining liquidity to avoid unsettling an already fragile debt market sentiment, bankers said. Lower overnight funding costs offer some relief to a market contending with the fallout from the Iran war, which has driven up oil prices and stirred volatility in the rupee. The weighted average call money rate (WACR) has been below 5.10% in April so far and is set to decline further, as liquidity in the banking system has moved into ample surplus. The secured overnight borrowing rate slipped to around 4.80%, highlighting the extent of liquidity surplus. WACR stayed around 5.10% for most of February and March, and markets had expected the central bank to begin liquidity-draining operations with the start of the new fiscal year in April to bring it back to near the 5.25% policy rate. The central bank seeks to keep the WACR at or around its policy rate, it said in February. READ MORE: India’s central bank keeps foreign debt investment limits unchanged for 2026-27 “Since the RBI tolerated it for the last two months, there is no point in disturbing the markets at a time when a small negative point could trigger a larger selloff in government bonds,” a treasury head at a large private bank said, requesting anonymity since he is not authorised to speak to media. Tightening measures such as variable rate reverse repos do not appear warranted at this juncture, said VRC Reddy, treasury head at Karur Vysya Bank. “There is little risk in allowing overnight rates to remain near the lower bound of the policy corridor for some more time.” He expects the RBI to maintain a neutral stance at its policy decision due on Wednesday, “without signalling any significant concern”. Liquidity surplus was around 4 trillion rupees ($43 billion), and with nearly 1.2 trillion rupees set to flow in from maturing government securities this week, surplus could hit 2% of deposits — well above the 1% threshold flagged by the RBI in December. Tanay Dalal, senior vice president for business and economic research at Axis Bank, said that while tightening monetary policy is a valid strategy for currency defence, regulatory and unconventional tools will continue to be deployed instead. [...]

India weighs austerity steps, sees no immediate risk to FY27 deficit goal, sources say

April 7, 2026 2:10

NEW DELHI: India sees no immediate risks to its fiscal deficit target for the financial year that began on April 1, and will continue to prioritise capital spending, two government sources said, as New Delhi assesses the fallout from the Middle East crisis. Officials are considering austerity measures, including spending curbs in ministries with limited capacity to use allocated funds, but are keen to continue spending on roads, railways and airports, which the government sees as critical to sustaining growth and creating jobs, the two sources said. India, in February, said it would aim for a fiscal deficit of 4.3% of GDP for the current 2026/27 financial year, down from 4.4% last year. But the Iran war has sent oil prices soaring, putting a burden on the finances of India’s federal government, which has already cut excise duties to prevent a pass-through of higher fuel costs to consumers. Economists expect the government may not be able to meet its fiscal goals, with Standard Chartered expecting a slippage of 0.7-0.9 percentage points of GDP. One of the government officials cited above said the budget projections would not be immediately revised. READ MORE: India forecasts 2025/26 economic growth at 7.4% “For India to revise its budget projections, the current situation would need to persist for at least two to three months,” one of the sources said. The sources didn’t provide details about the scale of any austerity measures. The finance ministry did not immediately respond to an emailed request for comment. Higher spending burden The government is likely to face higher spending on fertilisers and petroleum subsidies, budgeted at 1.83 trillion rupees ($19.69 billion) for 2026/27, as global commodity prices rise, the officials said. Also, the government will lose revenue because of a cut in excise duties on fuel products. The government is unlikely to fully pass on higher crude oil prices to fuel consumers, partly because of opposition from states, one of the sources said, making any sharp increase in pump prices unlikely amid state assembly elections. Four large Indian states will go to the polls between April 9 and April 29, with three ruled by opposition parties, raising the political risks of fuel price hikes. Some of the additional spending will be offset by better targeting of subsidies and savings by ministries on schemes, the second source said, adding that capital spending “remains the top priority of the government.” The federal government’s capital spending is budgeted to rise to 12.22 trillion rupees ($131.45 billion), or about 4.4% of GDP, in the current fiscal year, up from revised spending of 10.96 trillion rupees ($117.90 billion) in 2025/26, according to the annual budget. [...]

Pakistan repaid $1.3bn Eurobond on schedule, says Khurram Schehzad

April 7, 2026 2:03

Gold price per tola drops Rs3,000 in Pakistan

April 7, 2026 1:31

KSE-100 Index adds 466 points after volatile session

April 7, 2026 1:12

It was another volatile trading session at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index swinging both ways before closing in the green on Tuesday. The session began on a volatile note, with the index dropping to an intra-day low of 149,129.41 amid selling pressure. “With the Trump-Iran deadline hours away and a massive $3.5 billion FX drain looming, the market is in wait-and-see mode,” Behatri Capital said earlier during the day. However, sentiment gradually improved as the day progressed and the market staged a steady recovery by mid-session. In the latter half of the session, the index maintained a consistent upward trajectory, hitting an intra-day high of 152,013.05. At close, the benchmark KSE-100 Index settled at 151,673.45, up by 465.64 points or 0.31%. Mounting pressure on forex reserves: Fresh external financing options being explored Topline Securities said sentiment turned positive in the latter half after encouraging tweet from the Iranian Ambassador to Pakistan regarding progress in ceasefire talks, triggering selective buying and helping the index close in the green. On the index front, key gainers including UBL, FFC, HBL, BAHL, and LUCK collectively added 387 points to the index., it said. On Monday, PSX witnessed a highly volatile session, with sharp two-way movements throughout the day before a late-session recovery as improving global sentiment and expectations of easing geopolitical tensions supported investor confidence. The KSE-100 Index settled at 151,207.82 points, registering a gain of 809.10 points or 0.54%. Internationally, global stocks wavered on Tuesday, while oil prices were perched near $110 per barrel as the prospect of escalation in the war in the Middle East and the looming deadline for a deal to be reached kept nervous investors ‌on the sidelines. Markets have been rattled since the US-Israel war on Iran broke out at the end of February, with Tehran effectively closing the Strait of Hormuz, a key global oil transit chokepoint that has spurred inflation worries. While investors have pinned their hopes on a resolution to the war, the talks so far have yielded no progress, with US President Donald Trump imposing a deadline of Tuesday, 8 p.m. Eastern Time (0000 GMT Wednesday) for a deal to be reached. MSCI’s broadest index of Asia-Pacific shares outside Japan was 0.4% higher. Japan’s Nikkei was choppy as it erased early gains to trade 0.2% lower. US stock futures slipped 0.55%, while European futures pointed to a higher open after being closed for holidays on Friday and Monday. Meanwhile, the Pakistani rupee registered marginal gain against the US dollar in the inter-bank market on Tuesday. At close, the local currency settled at 279.06, a gain of Re0.01, against the greenback. Volume on the all-share index decreased to 357.27 million from 457.21 million recorded in the previous close. The value of shares declined to Rs20.44 billion from Rs30.88 billion in the previous session. K-Electric Ltd was the volume leader with 53.60 million shares, followed by Trust Brokerage with 26.37 million shares, and Cnergyico PK with 16.67 million shares. Shares of 477 companies were traded on Tuesday, of which 223 registered an increase, 188 recorded a fall, and 66 remained unchanged. [...]

Oil prices rise as Hormuz stays shut ahead of Trump deadline, strikes on Iran intensify

April 7, 2026 12:47

LONDON: Oil prices rose on Tuesday ahead of a deadline set by U.S. President Donald Trump for Iran to open the Strait of Hormuz or face attacks on power plants and other infrastructure. Brent crude futures were up $1.39, or 1.27%, at $111.16 a barrel by 1209 GMT while U.S. West Texas Intermediate crude was close to a four-week high at $116 a barrel, up $3.58 or 3.18%. Typically WTI trades at a discount to Brent, but this has reversed in a market where barrels for earlier delivery command a higher price. The benchmark WTI contract is for May delivery while Brent is for June. “What appears to be a shift in relative value is, in reality, a reflection of how aggressively the market is pricing immediacy,” Saxo bank analyst Ole Hansen said in a note. Also read: US strikes military targets on Iran’s Kharg Island, US official says Trump has given Iran until 8 p.m. in Washington (midnight GMT) to reopen the Strait of Hormuz, through which about a fifth of global oil supply is normally shipped. Iranian forces effectively shut the strait after U.S. and Israeli attacks began on February 28. If Tehran fails to comply, Trump said “every bridge in Iran will be decimated” by midnight EDT (0400 GMT) on Wednesday and “every power plant in Iran will be out of business, burning, exploding, and never to be used again.” Strikes on Iran intensified on Tuesday, including attacks on railway and road bridges, an airport and a petrochemical plant, and power lines, according to Iranian media. Responding to a U.S. proposal through mediator Pakistan, Iran rejected a ceasefire and said a permanent end to the war was necessary, pushing back against pressure to reopen the strait. Disrupted exports from Gulf oil producers have sent oil prices soaring. This has meant a financial windfall for those still able to export - Iran, Oman and Saudi Arabia - while other states have lost billions of dollars, a Reuters analysis found. The U.N. Security Council is expected to vote on Tuesday on a resolution to protect commercial shipping in the strait, but in significantly watered down form after veto-wielding China opposed authorising force, diplomats said. Alongside the unusual U.S. crude oil futures premium over Brent, the conflict has sent spot premiums for WTI crude surging to record highs as Asian and European refiners scramble to replace Middle Eastern supply. State firm Saudi Aramco raised the official selling price of its Arab Light crude to Asia for May delivery, setting a record premium of $19.50 a barrel above the Oman/Dubai average. Also read: Trump warns ‘whole civilization will die’ in Iran if ultimatum expires Kazakhstan’s energy ministry said on Tuesday its oil exports via the Black Sea were stablea day after Russia said Ukrainian drones had hit the Caspian Pipeline Consortium’s terminal, which handles 1.5% of global oil supply. OPEC+ oil producing nations agreed on Sunday to raise their May oil output quotas by 206,000 barrels per day, though the increase will be largely notional as key members cannot boost production because of the Hormuz closure. [...]

Energy crisis may linger for months even after truce: Aurangzeb

April 7, 2026 11:04

Finance Minister Muhammad Aurangzeb on Tuesday warned that the global energy crisis may last months even after the ceasefire due to damaged infrastructure in the Gulf. The minister made these remarks while addressing the parliament today. “We are dealing with a crisis at the moment,” said Aurangzeb, while responding to lawmakers’ queries. Talking about the geopolitical situation, Aurangzeb noted that even if a breakthrough is reached, it will take months for the global energy sector to normalise. “Even if the cessation is achieved, it will take weeks, even months, to normalise because the energy infrastructure has been targeted and continues to be hit. Therefore, we have to plan,” he said. Aurangzeb informed the assembly that the government is continuously monitoring the situation, including the rise in pol rates, freight and insurance costs, vessels carrying crude, etc. “We need to move towards building strategic reserves, beyond this crisis,” he said. The minister said that the government announced subsidies for two-wheelers, four-wheelers and public transport. “The disbursement of these subsidies has already been initiated,” he said. The finance minister shared that the government has given a subsidy of Rs129 billion on petroleum products. Aurangzeb said that several countries in the region have begun rationing of fuels. “Even people with deep pockets have already transmitted the price,” he said, citing the example of the UAE, where the price of petrol and diesel has been raised by 30% and 70%, respectively. He said that, at the moment, Pakistan’s remittances have not yet been impacted. “However, the reality is that roughly 40-50% of Pakistan’s remittances come from the GCC countries. The government is evaluating its elasticity as well, and how it will impact the balance of payment, current account, and inflation,” he said. Aurangzeb said that the support of the International Monetary Fund (IMF) is crucial. Unexpected repayment of $3.5 billion UAE loan puts pressure on Pakistani economy “While we have come into this crisis with a relatively good buffer, both on the external and internal side…. But at this point and time, we require the backstop, which is there as part of the Extended Fund Facility (EFF),” he said. The minister shared that Pakistan is expected to make Eurobond payments this week, alongside other payments. Pakistan will return a $3.5 billion loan to the United Arab Emirates this month, with an additional $1.3 billion Eurobond repayment due by June. [...]

Pakistan exports to Gulf hold strong as agri demand rises

April 7, 2026 10:46

Despite recent global tensions and challenges, Pakistani exports to Gulf countries maintained an upward trajectory, with demand for Pakistani agricultural products in these markets increasing steadily. This was shared in a meeting chaired by Prime Minister Shehbaz Sharif on Tuesday, read an official statement. Discussing Pakistani exports to Gulf countries, the PM said that despite regional tensions, successful diplomacy had ensured the continued supply of Pakistani exports. He directed the Pakistan National Shipping Corporation (PNSC) to arrange ships to increase national exports through maritime routes. During the meeting, the PM was also briefed on the long-term strategy for electricity generation. Currently, 55% of total electricity generation comes from renewable sources, while 45% comes from fossil fuels, the meeting was informed. Work is underway to increase electricity production from renewable sources to 90% in the next ten years, while production from biofuels to 10%, the briefing said. “Despite disruptions in oil supply due to the tense regional situation, no energy crisis has emerged in the country because a significant share of electricity production comes from renewable energy sources,” the PM said. The premier said that solar energy and other renewable energy sources were the future of the power sector, and directed the acceleration of work on the battery energy storage system project. READ MORE: Pakistan pushes indigenous energy generation as ADB pledges support The premier also instructed to formulate a comprehensive strategy to further expand renewable energy sources at the national level. [...]

Unexpected repayment of $3.5 billion UAE loan puts pressure on Pakistani economy

April 7, 2026 10:37

ISLAMABAD: Pakistan will return a $3.5 billion loan to the United Arab Emirates this month, two government officials said on Tuesday, raising pressure on reserves and risking breaches of IMF program targets with an additional $1.3 billion Eurobond repayment due by June. The repayment comes as Pakistan targets foreign exchange reserves above $18 billion by June under a $7 billion International Monetary Fund programme, which requires bilateral deposits to be rolled over. Pakistan’s central bank reserves stand at about $16.4 billion, with the UAE loan — around 18% of holdings — adding pressure on an economy still recovering as fuel costs rise and shortages linked to the Iran war fuel inflation and weigh on growth. The loan had been rolled over since 2018, including a $3 billion facility at around 6% annual interest, but was shifted from annual to monthly extensions earlier this year before Islamabad decided to repay it in full, with clearance expected by April 23, one of the officials said. Pakistan’s economy grows 3.89 pct in Q2 FY26, industry leads expansion Another $450 million UAE loan has remained overdue for years, the official added. This amount is part of the total $3.5 billion being repaid, he said. Reserves depletion to risk IMF program breach Pakistan’s foreign ministry said on Saturday, without giving details that the central bank would begin repayments, and rejected speculation that the move was driven by geopolitical differences over the Middle East crisis. Pakistan is a staunch ally of Saudi Arabia, while Abu Dhabi and Riyadh’s relationship has deteriorated in recent months due to the conflict in Yemen and lost oil revenue from the closure of the Strait of Hormuz. Pakistan, IMF reach staff-level agreement for $1.21bn disbursement A $1.3 billion Eurobond maturing before the end of this fiscal year in June adds to pressure on the country’s external position, with total obligations nearing $4.8 billion. The IMF, Pakistan’s finance ministry and central bank did not respond to requests for comment. The UAE deposits are part of support from friendly countries, including China and Saudi Arabia, which Pakistan had assured the IMF would be rolled over during the programme, though it is unclear if Islamabad will replace the funds. If not replenished, the central bank reserves will fall below the level agreed with the IMF, which will be a breach of the program. The repayments represent a significant near-term drain on reserves and could weigh on the rupee, said Waqas Ghani, head of research at JS Global Capital, adding that timely support from friendly countries would be key to stabilising reserves and restoring market confidence. [...]

Gunman killed, 2 wounded in shootout outside Israel’s Istanbul consulate

April 7, 2026 6:15

ISTANBUL: A gunman was killed and two others wounded in a shootout Tuesday with police outside the Israeli consulate in Istanbul, Turkish officials said, adding that two officers were lightly wounded. Governor Davut Gul confirmed the killing of one of the assailants during the attack that took place around 12:15 pm (0915 GMT). It was not immediately clear if the intended target was the Israeli consulate. No Israeli diplomats “are currently on Turkish soil”, a source familiar with the matter told AFP. Israeli diplomatic missions had been evacuated “not only in Turkiye but throughout the region for security reasons” shortly after the October 7, 2023 attacks by the Palestinian group Hamas on Israeli soil, according to the same source. Israel said it would not be cowed down while Turkish President Recep Tayyip Erdogan condemned the “treacherous attack” and vowed to fight “all kinds of terrorism”. “We will not allow … provocations to harm Turkiye’s climate of security,” Erdogan said in a televised speech. “We appreciate the Turkish security forces’ swift action in thwarting this attack. Israeli missions around the world have been subjected to countless threats and terrorist attacks. Terror will not deter us,” the Israeli foreign ministry posted on X. Turkiye’s Interior Minister Mustafa Ciftci said the assailants came in a rented vehicle from Izmit, a city about 86 kilometres (50 miles) away and that one of them was linked to an “organisation that exploits the region”. The ministry later clarified that the dead gunman “had connections with a terrorist group” and said two policemen were “slightly injured”. The remaining two assailants were brothers and one has a drug record, it added. Footage showed one attacker armed with an automatic rifle, dressed in beige cargo pants and black top and carrying a backpack. “I saw gunfire suddenly break out … It went on for quite a while,” a witness who wished to remain anonymous told AFP. ‘People panicked’ “I saw a police officer collapse. People panicked,” he said. Turkish officials would not immediately reveal the group but local media said it could be Islamic State, whose members clashed with police in Yalova – which lies on the Sea of Marmara about 90 kilometres (55 miles) southeast of Istanbul. IS militants opened fire on police in Yalova in December, killing three officers and wounding nine. Turkish police have stepped up nationwide raids against IS militants, rounding up 125 suspects after that attack. Television images Tuesday showed police officers opening fire near a busy thoroughfare and an injured person being carried away on a stretcher. Turkish media reported that the shootout lasted for about 10 minutes. A large police presence was deployed in front of the consulate, located in the Levent business district on the European side of Istanbul, AFP journalists witnessed. They also saw bloodstains on the ground in an adjacent parking lot. The immediate vicinity of the consulate sees heightened security measures even under normal circumstances, as the area is cordoned off by police barriers. Istanbul public prosecutor’s office has launched an investigation while the state-run TRT television reported that three suspects were detained. “The United States condemns in the strongest terms today’s attack on the Israeli Consulate in Istanbul,” US Ambassador to Turkiye Tom Barrack said on X. “Attacks on diplomatic missions are attacks on the international order – and an assault on the principles that bind nations together,” he added, while commending Turkiye and Turkish security forces for “their swift and decisive response”. IS has carried out deadly attacks in Turkiye including one at a nightclub in Istanbul that killed 39 people in 2017. [...]

Partial internet shutdown in troubled Indian state after unrest kills 4

April 7, 2026 6:12

NEW DELHI: A partial internet shutdown was in place in northeastern India’s troubled Manipur state on Tuesday after renewed violence caused the deaths of four people, including two children, officials said. Manipur has seen periodic clashes for nearly three years between the predominantly Hindu Meitei majority and the mainly Christian Kuki community that have killed more than 250 people. The latest flare-up on Tuesday came after months of relative peace and followed a reported attack by Kuki groups that killed two Meitei children in Bishnupur district, according to a security official and another government official. READ MORE: At least four killed in protests for statehood in India’s Ladakh, sources say An incensed Meitei mob later stormed a paramilitary police camp, leading soldiers to open fire and resulting in the deaths of two more people, two officials told AFP. Another five were wounded. The local government said it had ordered all internet and mobile data services in volatile districts to be shut off for five days to bring the unrest under control. Authorities also announced a curfew in some areas, including Bishnupur and the state capital Imphal. The reported Kuki attack “appears to be the handiwork of individuals or groups with vested interests in disturbing the prevailing peace in the state”, read a statement issued by the office of Manipur Chief Minister Yumnam Khemchand Singh. A “massive combing operation is underway” to apprehend the perpetrators, the statement said. “Helicopters are also being used,” it added. The Indigenous Tribal Leaders’ Forum, a Kuki civil society body, said the attack “should not be attributed” to the community. Internet services were shut down for months in Manipur during the initial outbreak of violence in 2023, which displaced around 60,000 people from their homes, according to government figures. Thousands of the state’s residents are still unable to return home owing to ongoing tensions. Longstanding enmity between the Meitei and Kuki communities revolves around competition for land and public jobs. Rights activists have accused local leaders of exacerbating ethnic divisions for political gain. [...]

Fed’s Williams says Middle East war will drive up inflation: Bloomberg

April 7, 2026 6:10

White House denies considering nuclear strikes on Iran

April 7, 2026 6:08

WASHINGTON: The White House denied Tuesday that remarks by Vice President JD Vance about military operations in Iran had contained any suggestion of a US nuclear strike against the Islamic republic. After Vance said US forces have tools they “so far haven’t decided to use” to enforce a dramatic ultimatum from President Donald Trump, the White House said on X: “Literally nothing @VP said here ‘implies’ this, you absolute buffoons.” READ MORE: ‘A whole civilisation will die’ says Trump as Iran defies looming deadline The post was in response to one from an account associated with former vice president Kamala Harris that said Vance implied Trump “might use nuclear weapons.” [...]

Fuel prices could keep rising for months after Hormuz reopens, US EIA says

April 7, 2026 6:05

Heads of IEA, IMF, World Bank to meet next Monday to discuss energy crisis

April 7, 2026 6:03

PARIS: The leaders of the International Energy Agency, the International Monetary Fund and the World Bank will discuss the energy crisis triggered by the Iran war next Monday, IEA executive director Fatih Birol said on Tuesday. “This energy crisis calls for all hands on deck & international cooperation,” Birol said on social media platform X, stressing the need for the three institutions to support governments worldwide amid the economic fallout from the war. Birol, the IMF’s chief Kristalina Georgieva and the World Bank’s Ajay Banga agreed last week to form a coordination group to help deal with the regional disruption that has caused one of the largest supply shortages in global energy market history. READ MORE: Energy crisis may linger for months even after truce: Aurangzeb Their response mechanism could include targeted policy advice, assessing potential financing needs and providing support, including through low- or zero-percent financing, as well as unspecified risk mitigation tools, they said. Birol’s statement came as U.S. President Donald Trump issued a threat to Iran that “a whole civilisation will die tonight” unless Tehran accepted an ultimatum to open the Strait of Hormuz, previously an international waterway through which a fifth of global oil and liquefied natural gas typically passed. Birol recently told French newspaper Le Figaro that the current oil and gas crisis triggered by Iran’s blockade of the Strait of Hormuz is “more serious than the ones in 1973, 1979 and 2022 together”. [...]

Storms, floods kill 188 in Pakistan, Afghanistan over two weeks

April 7, 2026 5:41

KABUL: Heavy rain, storms and floods have battered Asian neighbours Afghanistan and Pakistan for more than two weeks, killing at least 188 people, disaster officials in both countries said Tuesday. In Afghanistan, which already faces a severe humanitarian crisis, rain, floods, landslides and lightning strikes killed 123 people since March 26, the spokesman of the national disaster management authority, Mohammad Yousuf Hammad, told AFP. Between Sunday and Tuesday alone, 46 people died across several provinces, he said. In Ghazni province, a newborn baby died when the family’s car plunged into submerged ditch on the way back from the maternity ward on Monday, according to the provincial governor’s office. The parents survived. READ MORE: Rain, storms kill 121 in Afghanistan, Pakistan in two weeks A mother and her child died in Parwan province after the roof of their house collapsed under rain and then snowfall, provincial disaster official Malawi Abdul Aleem Afzali told AFP. Eight others died in Nangarhar province including the capital Jalalabad when the roofs of their houses collpased overnight into Tuesday, local authorities said. In northern Pakistan, the death toll has risen in recent days, reaching 47 people including 27 children since March 25, the Khyber Pakhtunkhwa provincial disaster management agency told AFP. And in southwestern Balochistan, at least 18 people have died since March 20, according to the latest figures from local authorities. The severe weather has also caused widespread damage and blocked major roads. Afghanistan frequently experiences deadly floods, landslides and storms, particularly in remote areas with fragile infrastructure. Among the poorest countries in the world after decades of war, Afghanistan is particularly exposed to the effects of climate change, which scientists say is spurring extreme weather. In Pakistan, at least 652 houses have been damaged, including about 100 that were reduced to rubble in Khyber Pakhtunkhwa. Floods have also blocked a road in Afghanistan leading to the Iranian border since Monday. Truck drivers using that road “are forced to wait here in the desert, even if we get hungry and thirsty, and even if it lasts two or three days”, said one of them, Khalil Ahmad Qaderi. He told AFP that the cost of fuel means turning back would be too expensive. The Afghan military has deployed helicopters to rescue some people, according to images shared by the defence ministry and authorities in Nangarhar. The World Food Programme meanwhile distributed food aid across several Afghan provinces. [...]

Russia, China veto UN resolution on reopening Strait of Hormuz

April 7, 2026 5:40

UNITED NATIONS: Russia and China vetoed a UN Security Council resolution Tuesday on reopening the Strait of Hormuz, a text already diluted from the green light Gulf states had sought to use force to protect the key shipping lane. The draft resolution prepared by Bahrain and supported by the United States received 11 votes in favor, two against and two abstentions. Bahrain’s Foreign Minister Abdullatif bin Rashid Al Zayani said Gulf states “regret” the rejection of the measure. Iran has imposed an effective blockade on the critical waterway since the United States and Israel launched the war on February 28, sending ripple effects throughout the global economy. The vote came hours before US President Donald Trump’s dire ultimatum expires for Tehran to open the strait, which normally carries a fifth of the world’s oil, or “a whole civilization will die” in Iran. “Today’s result does not restrict the United States to continue to act in its own self defense and in the collective defense of our allies and partners,” US ambassador Mike Waltz said after the Security Council vote. Also read: Pakistan efforts to stop Iran war are reaching ‘critical’ stage: envoy Al Zayani, speaking on behalf of the oil-exporting Gulf countries, said the failure to pass the resolution “sends the wrong signal to the world.” “This signal that the threat to international waterways can pass without any decisive action by the international organization responsible for the maintenance of international peace and security,” he said. ‘Cease all attacks’ Bahrain launched negotiations two weeks ago on a draft that would have given a clear UN mandate to any state wishing to use force to unblock the strait. But objections from several veto-holding permanent members – including France, Russia and China – forced the text to be watered down and the vote delayed multiple times. French opposition appeared to be lifted by the addition of wording that meant any action would need to be “defensive.” After further amendments, the latest version of the text seen by AFP no longer mentioned authorization to use force, even defensively. The latest draft “strongly encourages states…to coordinate efforts, defensive in nature, commensurate to the circumstances, to contribute to ensuring the safety and security of navigation, including through the escort of merchant and commercial vessels,” rather than explicitly authorizing force. It also “demands,” that Iran “immediately cease all attacks against merchant and commercial vessels and any attempt to impede transit passage or freedom of navigation in the Strait of Hormuz.” Additionally, it calls for the end to attacks on civilian water, oil, and gas infrastructure. UN Security Council mandates authorizing member states to use force are rare. During the 1990 Gulf War, a vote allowed a US-led coalition to intervene in Iraq after it invaded Kuwait. In 2011, NATO obtained the green light to intervene in Libya when Russia abstained from a vote. Moscow later fumed that this had led to the fall of Libyan leader Colonel Muammar Gaddafi. [...]

Iran will not show flexibility as long as US demands surrender, senior Iranian source to Reuters

April 7, 2026 5:37

DUBAI: Iran and the United States continue to exchange messages through Pakistan, a senior Iranian source told Reuters on Tuesday, but Tehran will not show flexibility as long as Washington continues to demand its “surrender under pressure”. The senior Iranian source, who asked not to be named, said Qatar on Monday had conveyed Tehran’s message to the United States and regional countries that if Washington attacks Iran’s power plants, “the entire region and Saudi Arabia will fall into complete darkness with Iran’s retaliatory strikes”. READ MORE: US strikes military targets on Iran’s Kharg Island, US official says He also warned that “if the situation gets out of control, Iran’s allies will also close the Bab El-Mandeb Strait”. [...]

Strait of Hormuz shipping blockade update

April 7, 2026 5:30

LONDON: Here are the latest key facts about impacts from the blockage of the Strait of Hormuz, a crucial shipping route virtually paralysed by the Middle East war. Around a fifth of global crude oil and liquefied natural gas (LNG) passes through the waterway in peacetime. The war erupted on February 28 when the United States and Israel began bombing Iran, prompting Tehran to retaliate with strikes across the region and restrict access to the strait. READ MORE: Strait of Hormuz shipping blockade update LNG tankers U-turn Two LNG tankers carrying Qatari gas turned around after attempting to cross the strait eastward on Monday morning. They would have been the first laden LNG carriers to exit the Gulf since the start of the war. An empty LNG tanker co-owned by Omani and Japanese shipping companies crossed the strait last week. Kpler data shows that 19 LNG tankers are currently in the Gulf. Still few crossings Since March 1, commodities carriers have made 293 crossings, according to Kpler data, a 94-percent decrease from peacetime traffic. Of these, 189 were made by oil tankers and gas carriers, and most were travelling east towards the Gulf of Oman. Six out of 10 crossings involved ships coming from or heading to Iran. The other main countries involved in recent days were the United Arab Emirates, India, China and Oman. A cargo ship owned by French shipping giant CMA CGM crossed the waterway on Thursday, making it the first known transit by a major European shipping group since March 1. Three Japan-linked ships have also exited the Gulf through the Strait of Hormuz since Thursday. The channel in peacetime sees around 120 daily transits, according to Lloyd’s List, a shipping industry intelligence site. 29 ships targeted Four incidents involving ships, including two claimed by Iran’s Revolutionary Guards, have been reported since Saturday. The latest incident reported on Tuesday morning involved a container vessel near Iran’s Kish Island that was struck by an “unknown projectile which has caused damage above the waterline”, according to British marine security agency UK Maritime Trade Operations (UKMTO). In total 29 commercial ships, including 13 tankers, have been attacked or reported incidents since March 1 in the Gulf, the Strait of Hormuz or the Gulf of Oman, according to UKMTO and Vanguard Tech. 11 sea workers killed Since the conflict began, at least 11 seafarers or dock workers have died in incidents in the region, according to the International Maritime Organization (IMO). One sea worker is also missing, and ten others are injured, the IMO said. Iran-approved route Apart from three Omani tankers that passed through the strait last week near Oman’s shore, recent crossings appeared to have used a different, Iranian-approved route just off the country’s coast. Kpler data shows that all ships crossing with their transponders on since Friday passed through that route near Larak Island, which Lloyd’s List has dubbed the “Tehran Toll Booth”. Lloyd’s List analyst Bridget Diakun said last week THAT there had been at least two cases of shippers paying Iran for permission to pass, while others may have been gaining passage through “diplomatic negotiations”. The Revolutionary Guards said the route was closed to vessels travelling to and from ports linked to Iran’s “enemies”. Over 2,000 ships in Gulf Bloomberg data showed Tuesday that 2,268 vessels sent transponder signals in the Gulf west of the Strait of Hormuz over the past day, including 47 very large crude carriers and nine very large gas carriers. Sanctioned ships Since the war started, 49 percent of the crossings have been by ships under US, EU or UK sanctions, according to an AFP analysis of passage data. Of the crossings by oil and gas tankers, 65 percent were by vessels under sanctions. [...]

Bangladesh’s Tamim Iqbal to lead interim cricket board

April 7, 2026 4:59

DHAKA: Bangladesh has dissolved its cricket board citing “gross irregularities” in an election last year, and appointed an interim leadership headed by ex-captain Tamim Iqbal, the National Sports Council said Tuesday. Cricket and politics go hand-in-hand in Bangladesh, and the sport was hit by the turmoil that wracked the country after a 2024 uprising ousted longtime ruler Sheikh Hasina. A new government was elected in February. “An independent committee under the National Sports Council has found gross irregularities in the Bangladesh Cricket Board (BCB) election held in 2025,” Aminul Ehsan, director of sports at the government body, told reporters on Tuesday.** READ MORE: Bangladesh says star cricketer Shakib can return The committee said that a “significant number of irregularities took place” during the BCB election in October, which was won by former national captain Aminul Islam Bulbul. The country’s first Test centurion who captained Bangladesh in their first World Cup appearance in 1999 had taken over as temporary BCB president in March 2025, and was then elected unopposed for a four-year term in October. But Ehsan said a letter had been sent to the International Cricket Council “stating that a decision has been made to dissolve the BCB committee”. An 11-member ad hoc committee led by Tamim is required to hold an election within three months, the sports council official said. Tamim scored more than 15,000 runs for Bangladesh in a career spanning 15 years, and remains the only Bangladeshi to score hundreds in all formats of international cricket. The decision to dissolve the board comes ahead of a “goodwill visit” to India by Bangladesh’s Foreign Minister Khalilur Rahman to rebuild frosty diplomatic relations. Cricket, a sport beloved by both nations, added to bitter divisions after Bangladesh refused to take part in the World Cup in India in February, citing security concerns. Dhaka made that decision after Bangladesh fast bowler Mustafizur Rahman was told to leave his Indian Premier League (IPL) franchise Kolkata Knight Riders, sparked by online outrage by right-wing Indian Hindus. They had invoked alleged attacks on a fellow Hindu community in Muslim-majority Bangladesh. Dhaka said the scale of the violence was exaggerated. Bulbul was at the forefront of Bangladesh’s decision not to play, saying at the time that “the dignity and security” of the country’s cricketers was the board’s priority. [...]

Soyoil at 3-year high as war tension builds, wheat slips on rain forecasts

April 7, 2026 4:55

India says IPO approvals valid for longer amid Middle East war

April 7, 2026 4:54

Aluminium gains as a UAE smelter faces prolonged repairs

April 7, 2026 4:52

Weekly crude exports from Saudi Arabia’s Yanbu port drop 15%, shipping data shows

April 7, 2026 4:50

Punjab by-polls: Notices served on minister, SAPM for 'violating' election code of conduct

November 21, 2025 1:33

This collage of pictures show Federal Minister of Power Sardar Awais Ahmad Khan Leghari and Special Assistant to the Prime Minister Huzaifa Rehman. —APP/NA website/FileShow-cause notices have been issued to Minister for Power Sardar Awais Ahmad Khan Leghari and Special Assistant to the... [...]

27th Amendment empowers FCC to hear all constitutional cases: minister

November 20, 2025 7:59

Minister of State for Law and Justice Barrister Aqeel Malik addressing an event on December 21, 2024. — Facebook@BarristerAqeelMalikState Minister for Law Aqeel Malik said on Thursday that the 27th Amendment has vested authority to hear constitutional matters in the Federal Constitutional... [...]

JF-17 attracts strong attention at Dubai Airshow as friendly country inks procurement MoU

November 20, 2025 5:25

Pakistan Air Force JF-17 Thunder fighter jet during World Defence Air Show 2024 held in Riyadh, Saudi Arabia, February 7, 2024. — PPI Pakistan's JF-17 Thunder garnered significant attention at the Dubai Airshow 2025, leading to the signing of a memorandum of understanding with a... [...]

US lawmakers laud Punjab govt's initiative to modernise brick-kiln

November 20, 2025 4:39

Punjab Chief Minister Maryam Nawaz attends ceremony in this undated image. — Facebook/@MaryamNSharifISLAMABAD: The Congressional Pakistan Caucus has applauded Punjab’s drive to modernise its brick-kiln sector, saying the reforms could serve as a pilot for eliminating bonded labour and... [...]

Security forces gun down 30 terrorists in multiple IBOs in KP: ISPR

November 20, 2025 4:38

Frontier Constabulary and army personnel gather stand guard in Kurram, January 17, 2025. — AFPSecurity forces killed 30 Indian proxy Fitna al-Khawarij terrorists during multiple intelligence-based operations carried out by security forces in Khyber Pakhtunkhwa , the military's media wing... [...]

MQM-P calls for new province in Sindh

November 20, 2025 3:56

Muttahida Qaumi Movement-Pakistan Convener Khalid Maqbool Siddiqui addresses a press conference in Karachi, November 20, 2025. — Screengrab via YouTube/Geo NewsKARACHI: With discussions on the 28th Amendment gaining momentum, the Muttahida Qaumi Movement–Pakistan has once again... [...]

US report validates Pakistan military edge over India: PM

November 20, 2025 3:55

Prime Minister Shehbaz Sharif addresses ceremony in Azad Jammu and Kashmir on November 20, 2025. — X/@GovtofPakistanPrime Minister Shehbaz Sharif on Thursday said a recent US report endorsing Pakistan’s downing of Indian aircraft stands as formal validation of the country’s... [...]

Banned TTP poses serious threat to Pakistan security: UNSC panel

November 20, 2025 10:24

Denmark’s Deputy Permanent Representative to United Nations and chair of UNSC's ISIL, Al-Qaeda Sanctions Committee Sandra Jensen Landi. — Screengrab via UN WebTV websiteThe chair of the United Nations Security Council's Daesh and Al-Qaeda Sanctions Committee has cautioned that the... [...]

CM Afridi clarifies remarks on by-poll after ECP requests army deployment

November 20, 2025 10:01

Khyber Pakhtunkhwa Chief Minister Sohail Khan Afridi addresses a gathering at Havelian, Abbottabad on November 19, 2025. — Facbook@ImMuhammadSohailAfridiISLAMABAD: Khyber Pakhtunkhwa Chief Minister Sohail Afridi on Thursday issued a clarification concerning his remarks on the NA-18 by-poll,... [...]

Dubai sees 3.2m Pakistani passengers in 2025 as airport sets new milestone

November 20, 2025 6:16

People sit at a coffee shop as they wait for their flight at the Dubai International Airport, in Dubai, United Arab Emirates, April 17, 2024. — ReutersDUBAI: Dubai International Airport handled 3.2 million passengers travelling from Pakistan in the first nine months of 2025, making the... [...]

Security forces kill 23 Indian proxy terrorists in KP's Kurram

November 20, 2025 5:08

Security forces are seen taking position during an operation. — ISPR/FileRAWALPINDI: Amid country's ongoing fight against the menace of terrorism, security forces have neutralised 23 Indian proxy Fitna al-Khawarij terrorists in separate engagements in Khyber Pakhtunkhwa's Kurram... [...]

Pakistan to construct island to boost oil exploration: report

November 19, 2025 6:26

Pump jacks operate in front of a drilling rig in an oil field in Midland, Texas United States. — Reuters/FilePakistan's state-owned energy company, Pakistan Petroleum Limited , has announced plans for an artificial island to boost its oil exploration efforts.Islamabad has intensified its... [...]

Russia ready to mediate Pakistan's issues with India, Afghanistan: envoy

November 19, 2025 6:14

Russia's ambassador to Pakistan has extended his country's offer to mediate Islamabad's conflicts with India and Afghanistan, amid strained relations with its neighbouring countries.Islamabad's relations with India have remained tense since the four-day war in May, while the Afghan Taliban regime... [...]

Security forces neutralise four terrorists in KP IBOs

November 19, 2025 5:12

Soldiers ride on a Pakistan Army vehicle in this undated image. — AFP/FileFour terrorists affiliated with Indian proxy, Fitna al-Khawarij, were killed in a series of operations across Khyber Pakhtunkhwa from November 17 to 18, the Inter-Services Public Relations said on Wednesday.An... [...]

Reclassification of 41 candidates on reserved seats goes beyond SC mandate: Justice Mandokhail

November 19, 2025 4:38

Supreme Court's Justice Jamal Khan Mandokhail addresses an event related to Labour Day in Islamabad on May 1, 2025. — Screengrab/YouTube/Geo NewsISLAMABAD: Justice Jamal Khan Mandokhail has released a detailed dissent in the reserved seats case, stating that the ruling on 41 candidates... [...]

Rebecca Black makes rare comments about Erika Kirk

April 7, 2026 6:09

Rebecca Black has posted old pictures of Turning Point USA CEO Erika Kirk, leaving some people confused about her intention.“While we’re on the topic, why does she look like a lesbian I would’ve flirted with during ladies’ night at the chapel in 2018,” wrote the... [...]

A whole civilization will die tonight': Trump's Truth Social post interpreted

April 7, 2026 3:45

Donald Trump's Truth Social post could 'be interpreted as a threat to commit genocide', said a former legal advisor commenting on the US president's threat that 'a whole civilization will die tonight' if Tehran does not make a deal by deadline.Speaking to Reuters, Brian Finucane, Senior... [...]

Kanye West banned: Keir Starmer blasts Wireless Festival for giving slot to controversial rapper

April 7, 2026 2:55

Keir Starmer addresses the Kanye West controversy on social mediaHours after Kanye West was announced to be barred from entering the UK, PM Keir Starmer issued a statement on social media.In a broadside to Wireless Festival – which axed the event after Ye was denied entry – he writes... [...]

France: One dead after high-speed train collides with lorry carrying military equipment

April 7, 2026 11:51

France: One dead after high-speed train collides with lorry carrying military equipmentA tragic incident in France has claimed the life of a taxi driver after a high-speed passenger train collided with a lorry carrying military equipment at a level crossing.Given the severity of the situation, a... [...]

Savannah Guthrie's mother Nancy kidnapping case received major jolt

April 7, 2026 7:21

US TV anchor Savannah Guthrie’s mother Nancy kidnapping case has received another jolt after she returned to the Today show for the first time after mom’s abduction in February.According to a report by the TMZ, a new ransom letter has been received that claims to know the location of... [...]

Taiwan opposition leader visits China for first time in a decade

April 7, 2026 6:53

Taiwan opposition leader visits China for first time in a decadeThe leader of Taiwan’s main opposition party landed in China today, marking the first rare visit in a decade. Cheng Li-wun who took over as Kuomintang chairperson last year, gladly accepted the invitation of President Xi... [...]

Australia's most-decorated living soldier faces murder charges: Here's everything to know

April 7, 2026 6:06

Ben Roberts-Smith faces murder charges: Everything you need to knowDecorated former soldier Ben Roberts-Smith was arrested at Sydney Airport and is expected to be charged with five counts of murder. The Australian Federal Police allege the victims were unarmed Afghan nationals who were not... [...]

Inside Savannah Guthrie's emotional return to 'Today' show after mother's disappearance

April 7, 2026 5:36

Inside Savannah Guthrie's emotional return to 'Today' show after mother's disappearanceSavannah Guthrie returned to the Today show as host on Monday, April 6, after being absent for two months following the abduction of her mother, Nancy Guthrie, in early February.An insider told People magazine... [...]

Trump administration clarifies tariffs on steel aluminium and copper under Section 232 changes

April 7, 2026 5:17

The Trump administration has announced updated guidance on Section 232 tariffs, clarifying how rates apply to steel, aluminium and copper imports, while largely maintaining the existing system.Officials said the changes aim to simplify how tariffs are calculated, particularly for products that... [...]

Snow returns to the Northeast as cold front brings late season winter weather to major cities

April 7, 2026 4:55

A late-season cold front is bringing snow back to parts of the northeastern United States, reversing recent spring-like conditions across the region.According to the FOX Forecast Center, a fast-moving clipper system moved through the Northeast on Monday, delivering light snowfall to areas of... [...]

Zoo safety concerns arise after toddler injured in wolf enclosure at Hershey Park

April 7, 2026 4:35

A toddler was injured in a zoo incident after entering a restricted area and reaching into a wolf enclosure at ZooAmerica North American Wildlife Park, according to officials.The incident took place on April 4, a spokesperson for Hershey Entertainment and Resorts Company told USA TODAY. The... [...]

CBS replaces Stephen Colbert late show with new comedy block in major late night shakeup

April 7, 2026 4:08

CBS has announced it will replace The Late Show with Stephen Colbert with a new comedy block led by Comics Unleashed with Byron Allen.The network said the change will take effect on May 22, one day after the final episode of The Late Show with Stephen Colbert airs. The long-running late-night... [...]

Reid Wiseman honoured as Artemis II crew name lunar crater after his late wife during historic mission

April 7, 2026 2:05

Astronauts aboard NASA’s Artemis II mission shared an emotional moment during their historic lunar flyby as they named a crater on the moon after the late wife of mission commander Reid Wiseman.Canadian astronaut Jeremy Hansen made the announcement during a live broadcast, saying:... [...]

Donald Trump and Pete Hegseth spark debate after linking faith to Iran war

April 7, 2026 1:34

US President Donald Trump and Defence Secretary Pete Hegseth have drawn attention after invoking religious language while discussing the ongoing war with Iran.According to CNN, while speaking during a news conference following Easter weekend events, Trump linked recent military developments to the... [...]

US Democrats visit Cuba and call on Trump to ease rhetoric as tensions and sanctions intensify

April 7, 2026 12:22

Two Democratic lawmakers from the United States have visited Cuba, urging President Donald Trump to ease tensions and reconsider current policies towards the island.Representatives Pramila Jayapal and Jonathan Jackson said the visit aimed to assess humanitarian conditions following what they... [...]

بشریٰ بی بی اور بانی پی ٹی آئی کی ملاقات کرادی گئی، جیل ذرائع

April 7, 2026 6:04

فائل فوٹواڈیالہ جیل راولپنڈی میں بانی چیئرمین پی ٹی آئی اور اُن کی اہلیہ بشریٰ بی بی کی ملاقات کرادی گئی۔جیل ذرائع کے مطابق بانی پی... [...]

پیٹرولیم مصنوعات کی ذخیرہ اندوزی ناقابل معافی ہے، وزیراعظم

April 7, 2026 6:04

وزیراعظم شہباز شریف نے پیٹرولیم مصنوعات کی ذخیرہ اندوزی کو ناقابل معافی قرار دیا ہے۔وزیراعظم کی زیر صدارت پیٹرولیم مصنوعات اور... [...]

عالمی بحران پر حکومت تمام اسٹیک ہولڈرز کو اعتماد میں لے، راجا ناصر عباس

April 7, 2026 5:04

فائل فوٹوپارلیمان کے ایوان بالا سینیٹ میں اپوزیشن لیڈر راجا ناصر عباس نے کہا ہے کہ موجودہ عالمی بحران پر حکومت تمام اسٹیک ہولڈرز کو... [...]

پاک بحریہ کے سربراہ سے ترک ڈپٹی چیف آف جنرل اسٹاف کی ملاقات، دو طرفہ دفاعی امور پر گفتگو

April 7, 2026 4:04

تصویر سوشل میڈیا۔ترک مسلح افواج کے ڈپٹی چیف آف جنرل اسٹاف جنرل لیونت ارگُن نے نیول ہیڈکوارٹرز اسلام آباد کا دورہ کیا اور پاک بحریہ کے... [...]

جنگ بند نہ ہوئی تو تیل کی قیمت ڈبل ہوجائے گی، علی پرویز ملک

April 7, 2026 4:04

فائل فوٹووفاقی وزیر پیٹرولیم علی پرویز ملک نے کہا ہے کہ جنگ بند نہ ہوئی تو تیل کی قیمت ڈبل ہوجائے گی۔جیو نیوز کے پروگرام کیپٹل ٹاک میں... [...]

امریکا، ایران مسئلہ جنگ نہیں مذاکرات سے حل ہوگا، عاصم افتخار

April 7, 2026 4:04

اقوام متحدہ کی سلامتی کونسل میں پاکستانی مندوب عاصم افتخار نے کہا ہے کہ امریکا اور ایران کا مسئلہ جنگ سے نہیں مذاکرات سے حل... [...]

’ہمارا بھائی جیل اور مشکل میں ہے، آپ اسپیکر کے ساتھ کیک کاٹتے ہیں‘

April 7, 2026 3:04

بانی چیئرمین پاکستان تحریک انصاف کی بہنوں عظمیٰ اور علیمہ خان نے پارٹی رہنما شاہد خٹک اور عارف مبین جٹ کی سرزنش کی ہے۔اسلام آباد... [...]

ایران نے امریکا سے سیز فائر مذاکرات روک دیے، امریکی اخبار

April 7, 2026 3:04

امریکی اخبار نے دعویٰ کیا ہے کہ ایران نے امریکا سے مذاکرات روک دیے اور جنگ بندی بات چیت سے بھی انکار کردیا۔ امریکی اخبار نیو یارک... [...]

اسحاق ڈار نے گزشتہ رات ہونے والی خطرناک پیشرفت بتادی

April 7, 2026 2:04

نائب وزیراعظم اور وزیر خارجہ سینیٹر اسحاق ڈار نے کہا ہے کہ گزشتہ رات خطرناک پیشرفت ہوئی، امریکا، ایران کے بیٹھنے کے مرحلے پر اسرائیل... [...]

وزیراعظم شہباز شریف کا سعودی عرب کی مکمل حمایت کا اعادہ

April 7, 2026 2:04

وزیرِ اعظم شہباز شریف نے جاری حملوں کے تناظر میں سعودی عرب کی مکمل حمایت کا اعادہ کیا ہے۔ وزیرِ اعظم شہباز شریف اور سعودی عرب کے... [...]

اسحاق ڈار کے بحرین، ناروے کے ہم منصبوں سے رابط، خطے کی صورتحال پر اظہار تشویش

April 7, 2026 2:04

نائب وزیراعظم و وزیر خارجہ اسحاق ڈار کا بحرین اور ناروے کے ہم منصبوں سے رابطہ ہوا، جس میں خطے کی حالیہ صورتحال پر تشویش کا اظہار... [...]

حکومت کا دسمبر تک سرکاری افسران کے اثاثے پبلک کرنے کا فیصلہ

April 7, 2026 1:04

فائل فوٹوحکومت نے کرپشن اصلاحات کے تحت دسمبر 2026ء تک سرکاری افسران کے اثاثے پبلک کرنے کا فیصلہ کرلیا۔قومی احتساب بیورو چیئرمین کی... [...]

خیرپور میں منکی پاکس کی وباء، وزیراعظم کی فوری اقدامات کی ہدایت

April 7, 2026 1:04

فائل فوٹووزیراعظم شہباز شریف نے خیرپور میں منکی پاکس کی وباء کا نوٹس لے کر فوری اقدامات کی ہدایت کردی۔خیرپور میں منکی پاکس کی وباء کی... [...]

بانی پی ٹی آئی کو مائنس کرنے کی ہر صورت مزاحمت کرنی ہے، محمود اچکزئی

April 7, 2026 12:04

قائد حزب اختلاف قومی اسمبلی محمود خان اچکزئی نے بانی پی ٹی آئی کو مائنس نہ ہونے دینے کا اعلان کردیا اور کہا کہ ہم کسی سازش کا حصہ نہیں... [...]

توقع ہے ایران سے رات 8 بجے تک جواب مل جائے گا، جے ڈی وینس

April 7, 2026 12:04

امریکی نائب صدر جے ڈی وینس نے کہا ہے کہ توقع ہے کہ آج رات 8 بجے سے پہلے ایران سے جواب مل جائے گا۔واشنگٹن میں نیوز کانفرنس کے دوران جے... [...]

راہول گاندھی نے ٹرمپ کے ایرانی تہذیب سے متعلق بیان کو ناقابلِ قبول قرار دے دیا

April 7, 2026 6:04

بھارت میں اپوزیشن جماعت کانگریس کے رہنما راہول گاندھی نے امریکی صدر ڈونلڈ ٹرمپ کے ایرانی تہذیب سے متعلق بیان کو ناقابلِ قبول قرار دے... [...]

جنگ بندی منصوبے پر آبنائے ہرمز کے شراکت دار ممالک کی منظوری ہونی چاہیے: قطر

April 7, 2026 5:04

ترجمان قطری وزارت خارجہ ماجد الانصاری - فوٹو: فائلقطری وزارت خارجہ کے ترجمان ماجد الانصاری نے کہا ہے کہ جنگ بندی منصوبے پر آبنائے... [...]

ایران کو دی گئی ڈیڈلائن میں توسیع ہوسکتی ہے، ٹرمپ

April 7, 2026 5:04

ایران پر ایسا حملہ ہوگا جو اس نے کبھی دیکھا بھی نہیں ہوگا، ٹرمپ - فوٹو: فائلامریکی صدر ڈونلڈ ٹرمپ نے ایران کو دی گئی ڈیڈلائن میں توسیع... [...]

وائٹ ہاؤس کی ایران کیخلاف ایٹمی ہتھیاروں کے استعمال پر غور کی تردید

April 7, 2026 4:04

فوٹو: فائلوائٹ ہاؤس نے ایران کیخلاف ایٹمی ہتھیاروں کے استعمال پر غور کی تردید کردی ہے۔ برطانوی میڈیا کے مطابق وائٹ ہاؤس کا کہنا ہے کہ... [...]

آبنائے ہُرمُز کھلوانے کیلئے بحرین کی قرارداد کو روس اور چین نے ویٹو کر دیا

April 7, 2026 4:04

تصویر بشکریہ: یواین نیوز لیٹر۔آبنائے ہُرمُز کو کھلوانے کے لیے بحرین کی قرارداد کو روس اور چین نے ویٹو کر دیا۔ پاکستان اور کولمبیا نے... [...]

ایرانی عوام اہم پلوں، بجلی گھروں پر جمع، انسانی زنجیر بنادی

April 7, 2026 4:04

تصویر، سوشل میڈیاایران کے عوام ملک کے پلوں اور بجلی پیدا کرنے والے مراکز کو تباہی سے بچانے کےلیے گھروں سے باہر نکل آئے۔ایرانی عوام... [...]

پاکستان کی قیادت میں ثالثی کی کوششوں کی حمایت کرتے ہیں، قطر

April 7, 2026 3:04

قطر کی وزارت خارجہ کے ترجمان ڈاکٹر ماجد الانصاری۔قطر نے کہا ہے کہ وہ پاکستان کی قیادت میں ثالثی کی کوششوں کی حمایت کرتا ہے۔ دوحہ سے... [...]

بحرین: امریکا کی اپنے شہریوں کو محفوظ مقامات پر جانے کی ہدایت

April 7, 2026 3:04

بحرین میں امریکی سفارتخانے نے قونصلر سروسز معطل کر دیں، امریکا نے بحرین میں مقیم امریکیوں کو محفوظ مقامات پر جانے کی ہدایت کی... [...]

ایران پر امریکی حملوں کی ڈیڈلائن قریب، جنگ بندی کوششیں تیز

April 7, 2026 2:04

فائل فوٹوایران پر امریکی حملوں کی ڈیڈ لائن قریب آتے ہی پاکستان اور مصر نے جنگ بندی کےلیے کوششیں تیز کردیں۔بین الاقوامی جریدے بلوم... [...]

ایران کھوکھلے وعدوں پر آبنائے ہرمز نہیں کھولے گا، برطانوی خبر رساں ایجنسی

April 7, 2026 2:04

آبنائے ہرمز۔برطانوی خبر رساں ایجنسی نے ایرانی ذرائع کے حوالے سے دعویٰ کیا ہے کہ ایران کھوکھلے وعدوں پر آبنائے ہرمز نہیں کھولے... [...]

امریکی جریدے نے عالمی مالیاتی توازن کو درپیش خطرات بتادیے

April 7, 2026 1:04

معروف امریکی جریدے نے ایران جنگ کے باعث عالمی مالیاتی توازن کو درپیش خطرات بتا دیے۔امریکی جریدے کے مطابق ایران جنگ سے پیٹرو ڈالر... [...]

ٹرمپ کا ایرانی تہذیب کے خاتمے کی دھمکی کا بیان پاگل پن اور نسل کشی کا انتباہ قرار

April 7, 2026 1:04

فوٹو: فائلامریکی صدر ڈونلڈ ٹرمپ کے ایران کے خلاف اشتعال انگیز بیان پر عالمی سطح پر انہیں سخت تنقید کا سامنا کرنا پڑ رہا ہے جبکہ انکی... [...]

آج رات ایران کی پوری تہذیب ہمیشہ کیلئے ختم ہوجائے گی: ٹرمپ کی دھمکی

April 7, 2026 12:04

میں نہیں چاہتا کہ ایسا ہو مگر ایسا ہونے کا امکان ہے، ٹرمپ - فوٹو: فائلامریکی کے صدر ڈونلڈ ٹرمپ نے کہا ہے کہ آج رات ایران کی پوری تہذیب... [...]

مجتبیٰ خامنہ ای نے دھمکیوں اور تباہی کے شور پر ردعمل دیدیا

April 7, 2026 12:04

ایرانی سپریم لیڈر مجتبیٰ خامنہ نے کہا ہے کہ جنگی مجرموں کا دھمکیوں، تباہی کا شور بڑھانا ان کی بوکھلاہٹ ہے۔ایران کے عوام اور بجلی... [...]

اسرائیل کا ایرانی شہر کاشان میں ریلوے پل پر حملہ، 2 افراد جاں بحق

April 7, 2026 12:04

فوٹو: سوشل میڈیااسرائیل نے ایران کی ٹرینوں اور ریلوے لائنز پر حملوں کی دھمکی دی جس کے بعد ایرانی میڈیا نے رپورٹ کیا کہ شہر کاشان میں... [...]

ملک میں سونے کی قیمت معمولی اضافے کے بعد آج پھر کم ہو گئی

April 7, 2026 9:04

— فائل فوٹوملک میں سونے کی قیمت معمولی اضافے کے بعد آج پھر کم ہو گئی۔فی تولہ سونے کی قیمت 3 ہزار روپے کم ہو کر 4 لاکھ 88 ہزار 462 روپے ہو... [...]

کے الیکٹرک نے سابقہ 7 سالہ ٹیرف کی ایڈجسٹمنٹس کی مد میں 58 ارب 95 کروڑ مانگ لیے

April 7, 2026 6:04

— فائل فوٹوکےالیکٹرک نے سابقہ 7 سالہ ٹیرف کی ایڈجسٹمنٹس کی مد میں 58 ارب 95 کروڑ روپے مانگ لیے۔کے الیکٹرک نے2017ء سے 2023ء تک کی مدت کے لیے... [...]

عالمی منڈی میں تیل کی قیمتوں میں 3 فیصد اضافہ

April 7, 2026 5:04

---فائل فوٹوامریکا و اسرائیل کی ایران سے جنگ کے باعث عالمی منڈی میں خام تیل کی قیمتوں میں 3 فیصد تک اضافہ ریکارڈ کیا گیا ہے۔ اس اضافے کے... [...]

پاکستان اسٹاک ایکسچینج میں منفی رجحان

April 7, 2026 5:04

---فائل فوٹوپاکستان اسٹاک ایکسچینج میں کاروباری ہفتے کے دوسرے دن منفی رجحان دیکھا جا رہا ہے۔100 انڈیکس کاروبار کے دوران 1595 پوائنٹس کی... [...]

ایک سال میں پیٹرول 48.61 فیصد اور ڈیزل 101.18 فیصد مہنگا ہوا

April 6, 2026 3:04

ایک سال میں پیٹرول اور ڈیزل کتنا مہنگا ہوا؟ تفصیلات جیونیوز پر آگئیں۔دستاویز کے مطابق ایک سال میں پیٹرول 48.61 فیصد، ڈیزل 101.18 فیصد... [...]

پاکستان کی ٹیکسٹائل برآمدات میں ماہانہ بنیاد پر اضافہ

April 6, 2026 12:04

فائل فوٹوپاکستان کی ٹیکسٹائل برآمدات میں ماہانہ بنیادوں پر اضافہ ہوا ہے۔وزارت تجارت کے ذرائع نے کہا ہے کہ فروری کے مقابلے میں مارچ... [...]

پاکستان میں سونے کی اونچی اڑان جاری، آج مزید مہنگا

April 6, 2026 8:04

---فائل فوٹوپاکستان بھر کی صرافہ مارکیٹوں میں سونے کی اونچی اڑان جاری ہے۔آل پاکستان صرافہ جیمز اینڈ جیولرز ایسوسی ایشن کے مطابق فی... [...]

پاکستان کا امارات کے ساڑھے 3 ارب ڈالرز سمیت جون تک 4.8 ارب ڈالرز کی ادائیگیوں کا بندوبست

April 6, 2026 7:04

پاکستان نے متحدہ عرب امارات کے ساڑھے 3 ارب ڈالرز سمیت جون تک 4.8 ارب ڈالرز کی ادائیگیوں کا بندوبست کر لیا۔حکومتی ذرائع کا دعویٰ ہے... [...]

کراچی میں گیس لوڈشیڈنگ کا نیا شیڈول جاری

April 6, 2026 7:04

کراچی کے مختلف علاقوں میں گیس کی بندش کا نیا شیڈول نافذ کر دیا گیا۔ذرائع کے مطابق صبح ساڑھے 5 بجے سے 10 بجے دن تک گیس فراہم کی جائے... [...]

پاکستان اسٹاک ایکسچینج میں منفی رجحان

April 6, 2026 4:04

---فائل فوٹوپاکستان اسٹاک ایکسچینج میں کاروباری ہفتے کے پہلے دن منفی رجحان دیکھا جا رہا ہے۔100 انڈیکس کاروبار کے دوران 1037 پوائنٹس کی... [...]

جنگ کے دوران پاکستان میں ایرانی کرنسی کی قدر میں چار گنا اضافہ

April 5, 2026 12:04

امریکا اور اسرائیل کی جانب سے ایران پر مسلط کردہ جنگ کے دوران پاکستان میں ایرانی کرنسی کی قدر میں اضافہ ہوا ہے۔ ایکسچینج کمپنیز... [...]

ایل پی جی کی 450 سے 500 روپے فی کلو تک فروخت جاری

April 5, 2026 6:04

---فائل فوٹوایل پی جی کی فی کلو سرکاری قیمت 310 روپے ہونے کے باوجود 450 سے 500 روپے فی کلو تک میں فروخت جاری ہے۔ گیس کی قلت سے پریشان اور... [...]

کراچی: ایل پی جی کی فی کلو قیمت ریکارڈ سطح تک پہنچ گئی

April 4, 2026 7:04

—فائل فوٹوکراچی میں ایل پی جی کی فی کلو قیمت 500 روپے کی ریکارڈ سطح تک پہنچ گئی۔صارفین کا کہنا ہے کہ ایک کلو ایل پی جی سرکاری نرخ سے 200... [...]

مظفرگڑھ: ایل پی جی کی قیمتوں میں مزید اضافہ

April 4, 2026 6:04

—فائل فوٹومظفرگڑھ میں ایل پی جی کی قیمتوں میں مزید اضافہ ہو گیا۔ضلع بھر میں ایل پی جی کی قیمت 530 روپے فی کلو تک پہنچ گئی ہے۔مظفر گڑھ... [...]

پاکستان اسٹاک ایکسچینج میں کاروباری ہفتے میں ملا جلا رجحان رہا

April 4, 2026 4:04

—فائل فوٹوپاکستان اسٹاک ایکسچینج میں کاروباری ہفتے میں ملا جلا رجحان دیکھا گیا۔پی ایس ایکس میں گزشتہ کاروباری ہفتے میں 100 انڈیکس 1308... [...]

Ray Dalio says the Iran conflict could evolve into the next world war

April 7, 2026 8:14

Hedge-fund founder points out that the conflict between Israel, the U.S. and Iran isn’t happening in a vacuum. [...]

You can’t build financial security with a 90-day mindset. Why quarterly earnings reports hurt investors.

April 7, 2026 8:05

Slowing down the reporting cycle is a common-sense move that protects companies from short-termism — and investors from their own worst impulses. [...]

Multimillion-dollar CEO pay at these 20 low-wage companies is costing you. This is the only fix.

April 7, 2026 7:06

CEO pay at the “low-wage 20” averages $18.6 million, while many of their median workers rely on taxpayer-supported Medicaid and SNAP. [...]

15 stocks to put on your list to buy when the market recovers

April 7, 2026 6:54

These stocks are good bets to outperform. because they’re sensitive to changes in market liquidity. [...]

Amazon’s stock could soar 50%, as this analyst says investors are looking at AI spending all wrong

April 7, 2026 6:47

Amazon’s aggressive AI investments are spooking investors — but one analyst believes they’re necessary for the company to fulfill accelerating cloud demand. [...]

Corona brewer’s stock has rallied ahead of earnings amid signs of improving beer sales

April 7, 2026 6:32

Shares of Constellation Brands have bounced this year, amid hopes that beer drinking will pick back up. [...]

Stocks fall as Trump’s Tuesday night deadline for Iran looms: ‘The market is certainly on edge’

April 7, 2026 6:25

U.S. stocks were lower Tuesday — but with the S&P 500 still positive in April — as President Donald Trump intensified his threats against Iran to reopen the Strait of Hormuz by this evening. [...]

‘Our FICO score is excellent’: My husband and I are in our 70s. How do we raise $10,000 for a new roof?

April 7, 2026 6:20