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Today’s gold rate in Pakistan: September 9, 2025: current prices

Silver prices also hit new high

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Trump and Modi will discuss trade in the upcoming weeks.

US president says his administration is continuing negotiations to address trade barriers with India

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The US demands that the EU and G7 impose tariffs on China and India for their purchases of Russian oil.

G7 ministers agree to speed up discussions to use frozen Russian assets to fund Ukraine's defense

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US introduces 100 percent tariffs on patent medicines In a significant policy shift, the United States announced that patented drugs entering their country will be subject to a tariff of 100 percent. It is intended to reduce the reliance of pharmaceutical companies on imported drugs and encourage them to produce their products in-country. The rule does allow for flexibility. Negotiating agreements with US officials can help companies avoid the tariffs. Manufacturing incentives and Deals White House made it very clear that companies can eliminate or reduce tariffs through commitments. A company that agrees to construct new facilities in the US by January 2029 may be eligible for a 20 percent tariff reduction. Tariffs can be reduced to zero for companies that agree on pricing agreements with government. These agreements include the sale of medicines at similar prices to other countries. This is especially true for Medicaid and public health programs. Many pharmaceutical companies already have such agreements in place, with more expected soon. Generic Medicines: Impact Generic medicines are exempt from the tariff. Generic drugs are widely available and inexpensive in the US. The policy has a limited impact, since most of the prescriptions are generic. International Agreements and Trade Impact Some countries already have trade agreements in place with the US to protect their pharmaceutical exports. The UK, for example, has a trade agreement that guarantees zero tariffs on all its pharmaceuticals. The UK will pay higher prices to its National Health Service in exchange for this. The agreement benefits both British pharmaceutical firms and patients, who could benefit from an earlier access to new treatment. The same arrangements are applicable to Switzerland, Japan and South Korea as well as members of the European Union. The Timeline for Negotiation and the Window of Opportunity US Government has allowed pharmaceutical companies time for response. The US government has given pharmaceutical companies 120 days for large firms to reach agreements and 180 days for smaller ones. This approach, according to officials, is designed to encourage more firms to come to the table for negotiations and to invest in US-based production. The Industry's Reactions & Concerns The real impact of the tax depends on whether or not companies are able to secure deals and exemptions. Smaller companies may not be able to benefit from existing agreements, but larger firms could. Analysts warn that an increase in domestic production could lead to higher costs. Some analysts note that government pricing agreements may balance costs but details are unclear. Economic Impact of Investment According to the White House, the policy on tariffs has encouraged the pharmaceutical industry to invest around $400 billion dollars in the US. The officials believe that this would strengthen the national security of Canada and reduce its dependence on drug trafficking from abroad. Other Tariff Policy Changes In addition to adjusting pharmaceutical tariffs the US has also adjusted tariffs for metals such as steel, aluminium, and copper. The changes will remove the tariffs from products that only contain small quantities of materials.
EconomicsHealth

US introduces 100 percent tariffs on patent medicines

In a significant policy shift, the United States announced that patented drugs entering their country will be subject to a tariff of 100 percent. It is intended to reduce the reliance…

French Ship crosses Strait of Hormuz Despite Ongoing Tensions After weeks of conflict, a French container ship successfully crossed the Strait of Hormuz. This vessel was operated by the French shipping company CMA CGM, and registered in Malta. It completed its voyage as global shipping lanes begin to move cautiously again. Media reports confirmed that the company had made the trip, and analysts pointed out that this was the first large Western ship to cross since tensions escalated. Waterway Restricted, but not Fully Closed Recent conflict in the Strait of Hormuz has disrupted oil and gas traffic. Many operators have had to stop or delay their movement in the region because of attacks on several ships. Shipping activity has dropped dramatically, despite Iran's declaration that all vessels are welcome to pass. Many ships avoided sailing along the central route, and instead chose to sail closer to Oman’s coast to minimize risk. Transit of Other Ships A Japanese vessel carrying natural gas, along with the French ship, also safely exited this strait. The operator of the ship confirmed that crew members and cargo were safe. The operator confirms that the limited movement of maritime cargo is still taking place, under strict safety measures. Sharp Drop in Shipping Traffic Before the war, the Strait of Hormuz was regularly used by hundreds of vessels. Reports suggest traffic is down 95 percent. In late March only 100 ships managed to pass, which is an average of five or six vessels per day. Around 200 ships were stranded on nearby waterways earlier in the crisis due to a halt of operations. Global trade has been severely affected by the slowdown. Global Economic Impact Strait of Hormuz is a major route for transporting liquefied gas and oil. This route is critical to the global energy market. Oil prices soared as shipping declined. The rise in oil prices has led to a global increase in fuel costs and concerns over inflation. This situation threatens to increase the price of basic goods like food, medicine, and electronic devices.
EconomicsUnited StatesWar

French Ship crosses Strait of Hormuz Despite Ongoing Tensions

After weeks of conflict, a French container ship successfully crossed the Strait of Hormuz.It completed its voyage as global shipping lanes begin to move cautiously again. Media reports confirmed that the…

India faces rising water and beverage costs amid extreme heat and global crisis India will experience a hot summer with temperatures that are expected to exceed 45degC across several regions. The tensions in the world over Iran put pressure on India's supply chain. The combination of these factors is causing concern about the rising price of beverages and bottled waters across Canada. As access to clean water remains limited, the demand for bottled water is on the rise. In many areas of India, access to clean drinking water is still a problem. Many people depend on bottled drinking water because of this. According to recent data, around 15% of urban and rural households rely on bottled drinking water. This dependence increases in hotter months, when there are more water shortages or contamination. But bottled water may not be affordable to everyone. The financial burden is felt more by rural communities. The rising oil price pushes up packaging costs Crude oil prices are the main cause of the increase in price. Fuel prices around the world have increased due to shipping route disruptions, particularly in and around Strait of Hormuz. About 20% of world oil and gas is transported through this route. Prices have risen due to limited access. This has affected countries like India that rely on imported oil. PET plastic is made primarily from crude oil. The plastic used in the production of bottles for soft drinks, water and other items. PET shortage impacts production across industries PET preforms have become scarce for manufacturers. They are used in the production of bottles. Costs of materials have risen dramatically. The price of these materials has risen from 115 to 180 rupees. The price increase has caused a disruption in production and forced about 20 percent of Maharashtra's bottle-making plants to temporarily shut down. PET packaging is used in many industries, not just bottled water. Food delivery, cosmetics, pharmaceuticals, and beauty products are all industries that rely on PET packaging. Brands begin to increase prices Bisleri, one of the leading brands in bottled waters, has already increased its prices. A 12-pack of one-liter water bottles now costs around 11 percent more. Bailley Premium Water and Clear Premium Water are also following the trend. Many companies have covered a portion of the costs to protect their customers. Experts warn that this approach will not last. Customers may soon feel the impact Prices for bottles are mostly unchanged at the moment. One-liter bottles still cost around 20 rupees while five-liter bottles sell for 60-70 rupees. This could change in the near future. Companies may increase prices to customers as demand increases during peak summer months, such as April and May. Experts in the industry believe that, as global conditions worsen, it is possible for bottled water to become prohibitively expensive. Growing Market Facing Uncertain Future In 2024, the PET packaging market in India was estimated at $1.5 Billion. By 2033, it is predicted to grow to $2.2 billion. The current crisis shows how the global supply chain is crucial to the growth of the sector. A disruption in supply chains can have a rapid impact on production, prices, and availability.
EconomicsHealth

India faces rising water and beverage costs amid extreme heat and global crisis

India will experience a hot summer with temperatures that are expected to exceed 45degC across several regions. The tensions in the world over Iran put pressure on India's supply chain. The combination…

Myanmar's coup leader who set off a brutal civil war becomes president
EconomicsUnited StatesWar

Trump Proposes $1.5 Trillion Defence Budget with Cuts to Domestic Spending

Massive Defence Budget Plan Announced The White House has proposed a major increase in the US defence budget, aiming to raise it to $1.5 trillion. This would be one of…

Clapham High Street Teen Disturbances Lead to Arrests and Police Action
EconomicsTravel

Clapham High Street Teen Disturbances Lead to Arrests and Police Action

Six teenage girls were arrested after two incidents of anti social behaviour in south west London. Police say the events were linked to online trends that encouraged the crowd to…

China bone ash apartments ban empty apartment shrine
Economics

China Bone Ash Apartments Ban: Government Cracks Down on Unusual Burial Practice

China Bone Ash Apartments Ban Explained The Chinese authorities are planning to outlaw a practice that is gaining popularity, whereby families keep cremated remains inside empty apartments. The "bone ash apartment"…

Economics

US Gas prices cross $4 after Iran conflict disrupts global oil supply

The price of gasoline in the United States has surpassed $4 a gallon for first time since the year 2022. As the Iran conflict continues to disrupt global oil supplies, energy…

Panic buying prompts PM to reassure Australians over fuel supply
Economics

Reassurance from Government on Fuel Panic in Australia

The rising fuel prices trigger panic buying Fuel anxiety is a major problem in Australia as the price of petrol and diesel has soared dramatically. Fuel panic has led to empty…

UK forecast to see biggest hit to growth from Iran war out of major economies
Economics

UK economy faces sharp growth slowdown due to Iran War

According to the Organisation for Economic Co-operation and Development, the UK may suffer from the largest economic downturn among the major economies as a result of the current conflict in…

Middle East Conflict Forces Global Aviation Rethink The Desert Stopover as a Global Hub Dubai began as an overnight stopover for flying boats travelling from the UK towards India and Australia. In the 1960s its desert runway served primarily as a refueling area. Dubai International Airport is a global landmark. By 2024, more than 92 millions passengers will have passed through the airport's halls. This is higher than London Heathrow, which had 83. Qatar and the UAE also host major hubs. Abu Dhabi and Doha handled approximately 87 millions passengers together last year. These airports are usually able to manage more than 3,000 flights per day, mostly operated by Emirates and Qatar Airways. Airspace and fuel disruptions Aviation industry has been hit hard by the ongoing conflict in the Middle East. The closure of airspace left thousands of planes grounded, and thousands more passengers stranded. Iran's blocking of the Strait of Hormuz led to jet fuel shortages. Fuel prices in Europe have increased by about 50%, largely due to the Gulf, which supplies half of Europe's fuel. Some airlines are now forced to reduce flights because they cannot afford it. Experts worry that the Gulf aviation model will be affected in the long-term by these issues. All parties involved may be affected, including airlines, regional businesses, and passengers. Chaos at the Airport First US-Israeli attacks on Iran, in February of this year, caused widespread disruption. Some aircraft in flight had to return. In Dubai, Abu Dhabi and Doha, tens of thousands were stuck, as drones and missiles increased tensions. The government and the airlines were scrambling to react. Qatar Airways, Etihad, Emirates, and other airlines resumed some limited flights. Several countries also chartered aircraft to transport their citizens. Analysts estimate that over 30,000 Middle East flights have been cancelled since the conflict started. Traveler Confidence is at Risk Gulf hubs are being reconsidered by many passengers. Ian Scott had to return to Melbourne via Doha and spend days in the desert before he could catch a new flight. The man says that he avoids Gulf flights, for fear of further instability. It is a concern for hubs. In these airports, more than half the travelers only use them to connect with other flights and do not stay in city. Dubai has 47% connecting passengers, while Abu Dhabi is 54% and Doha 74%. Gulf Aviation Model Gulf's model combines point-topoint comfort with efficiency. The model allows travelers to go from Boston to Bali, or Amsterdam to Antananarivo in one stop. This model is heavily dependent on the geography of the area and its reputation for smooth and reliable connections. Now, disruption threatens to undermine this unique advantage.
EconomicsWar

Middle East Conflict Forces Global Aviation Rethink

The Desert Stopover as a Global Hub Dubai began as an overnight stopover for flying boats travelling from the UK towards India and Australia. In the 1960s its desert runway served…

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Mass Robotaxi Failure Disrupts Traffic in Wuhan What Happened A large-scale robotaxi failure recently disrupted traffic in Wuhan, China. Around a hundred self-driving cars came to a sudden halt in the middle of busy roads. Local authorities confirmed that a system malfunction likely caused the issue. Passengers managed to exit the vehicles safely, and no injuries were reported. Videos shared on social media showed rows of stationary robotaxis, and one clip appeared to capture a minor collision linked to the incident. Police have not confirmed any major damage but continue to investigate the situation. Company Response and Ongoing Investigation The robotaxi service is operated by Baidu through its Apollo Go platform. The company has not yet issued a detailed public response. Authorities stated that the exact cause remains under review. Baidu runs its autonomous taxi service in many cities across China and other regions. The company has played a key role in expanding driverless transport, which makes this disruption especially notable. Growing Safety Concerns Around Driverless Cars Experts say this incident highlights important risks in autonomous systems. Jack Stilgoe, a professor at University College London, noted that driverless technology may reduce accidents overall. However, he added that it can still fail in unexpected ways. The Wuhan outage adds to a series of similar issues. In December 2025, a power failure in San Francisco affected Waymo vehicles and caused widespread traffic delays. Earlier, in Chongqing, an Apollo Go robotaxi fell into a construction pit while carrying a passenger. Future of Robotaxi Technology Despite these challenges, companies like Uber and Lyft continue to explore partnerships with Baidu. They plan to test Apollo Go vehicles in the UK, subject to regulatory approval. Trials are expected to begin in 2026. Experts believe that as autonomous technology grows, governments and companies must focus on new safety standards. These systems still require strong monitoring to prevent failures like the one seen in Wuhan.
Mass Robotaxi Failure Disrupts Traffic in Wuhan
Science Technology
US introduces 100 percent tariffs on patent medicines In a significant policy shift, the United States announced that patented drugs entering their country will be subject to a tariff of 100 percent. It is intended to reduce the reliance of pharmaceutical companies on imported drugs and encourage them to produce their products in-country. The rule does allow for flexibility. Negotiating agreements with US officials can help companies avoid the tariffs. Manufacturing incentives and Deals White House made it very clear that companies can eliminate or reduce tariffs through commitments. A company that agrees to construct new facilities in the US by January 2029 may be eligible for a 20 percent tariff reduction. Tariffs can be reduced to zero for companies that agree on pricing agreements with government. These agreements include the sale of medicines at similar prices to other countries. This is especially true for Medicaid and public health programs. Many pharmaceutical companies already have such agreements in place, with more expected soon. Generic Medicines: Impact Generic medicines are exempt from the tariff. Generic drugs are widely available and inexpensive in the US. The policy has a limited impact, since most of the prescriptions are generic. International Agreements and Trade Impact Some countries already have trade agreements in place with the US to protect their pharmaceutical exports. The UK, for example, has a trade agreement that guarantees zero tariffs on all its pharmaceuticals. The UK will pay higher prices to its National Health Service in exchange for this. The agreement benefits both British pharmaceutical firms and patients, who could benefit from an earlier access to new treatment. The same arrangements are applicable to Switzerland, Japan and South Korea as well as members of the European Union. The Timeline for Negotiation and the Window of Opportunity US Government has allowed pharmaceutical companies time for response. The US government has given pharmaceutical companies 120 days for large firms to reach agreements and 180 days for smaller ones. This approach, according to officials, is designed to encourage more firms to come to the table for negotiations and to invest in US-based production. The Industry's Reactions & Concerns The real impact of the tax depends on whether or not companies are able to secure deals and exemptions. Smaller companies may not be able to benefit from existing agreements, but larger firms could. Analysts warn that an increase in domestic production could lead to higher costs. Some analysts note that government pricing agreements may balance costs but details are unclear. Economic Impact of Investment According to the White House, the policy on tariffs has encouraged the pharmaceutical industry to invest around $400 billion dollars in the US. The officials believe that this would strengthen the national security of Canada and reduce its dependence on drug trafficking from abroad. Other Tariff Policy Changes In addition to adjusting pharmaceutical tariffs the US has also adjusted tariffs for metals such as steel, aluminium, and copper. The changes will remove the tariffs from products that only contain small quantities of materials.
US introduces 100 percent tariffs on patent medicines
Economics Health
French Ship crosses Strait of Hormuz Despite Ongoing Tensions After weeks of conflict, a French container ship successfully crossed the Strait of Hormuz. This vessel was operated by the French shipping company CMA CGM, and registered in Malta. It completed its voyage as global shipping lanes begin to move cautiously again. Media reports confirmed that the company had made the trip, and analysts pointed out that this was the first large Western ship to cross since tensions escalated. Waterway Restricted, but not Fully Closed Recent conflict in the Strait of Hormuz has disrupted oil and gas traffic. Many operators have had to stop or delay their movement in the region because of attacks on several ships. Shipping activity has dropped dramatically, despite Iran's declaration that all vessels are welcome to pass. Many ships avoided sailing along the central route, and instead chose to sail closer to Oman’s coast to minimize risk. Transit of Other Ships A Japanese vessel carrying natural gas, along with the French ship, also safely exited this strait. The operator of the ship confirmed that crew members and cargo were safe. The operator confirms that the limited movement of maritime cargo is still taking place, under strict safety measures. Sharp Drop in Shipping Traffic Before the war, the Strait of Hormuz was regularly used by hundreds of vessels. Reports suggest traffic is down 95 percent. In late March only 100 ships managed to pass, which is an average of five or six vessels per day. Around 200 ships were stranded on nearby waterways earlier in the crisis due to a halt of operations. Global trade has been severely affected by the slowdown. Global Economic Impact Strait of Hormuz is a major route for transporting liquefied gas and oil. This route is critical to the global energy market. Oil prices soared as shipping declined. The rise in oil prices has led to a global increase in fuel costs and concerns over inflation. This situation threatens to increase the price of basic goods like food, medicine, and electronic devices.
French Ship crosses Strait of Hormuz Despite Ongoing Tensions
Economics United States War
UK Marmalade May Be Renamed Under New Post Brexit Food Rules Key Subheading: EU Food Deal Could Change Marmalade Labelling in the UK The UK government is considering changes to marmalade labelling as part of a new food agreement with the EU. If the deal is approved, jars of the traditional spread may need to be labelled as “citrus marmalade” in shops across the UK. This update is linked to changes in EU food laws aimed at improving trade and reducing barriers for exporters. While the product itself will stay the same, the naming rules could shift to match international standards. Why the Name Marmalade Is Changing Under current UK rules, marmalade refers only to spreads made from citrus fruits like oranges. This definition dates back to regulations adopted before Brexit. Other fruit spreads are usually called jam. The EU is now expanding its definition. From June, non citrus fruit spreads can also be marketed as marmalade across Europe. However, citrus based versions will need to be labelled more clearly as “citrus marmalade”. This change follows long standing debates across Europe, where the word marmalade has been used differently in languages such as German, Spanish, and Italian. Impact on UK Consumers and Businesses The UK government says the product itself will not change. Shoppers will still find the same marmalade in stores. The difference will be in how it is labelled. Officials say the updated rules could help British producers export more easily by reducing red tape. The aim is to align with global standards and improve trade with EU markets. However, some concerns remain. Earlier assessments suggested that new naming rules could confuse consumers in the UK. It is still unclear whether products like “strawberry marmalade” will be allowed in British supermarkets. When Will the Changes Happen The timeline is not fixed yet. The changes may come into effect around 2027 if the wider EU food deal is agreed. It is also unclear whether the rules will apply before or after that date. What This Means for the Future This update reflects ongoing efforts to align UK food regulations with international systems. While it may seem like a small change, it highlights how trade agreements can influence everyday products and their labels.
UK Marmalade May Be Renamed Under New Post Brexit Food Rules
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