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US dollar strengthens amid Gulf tensions and oil price surge
The US dollar held firm against major currencies as renewed Middle East tensions fueled safe-haven bids, with oil prices surging to seven-week…
Japan’s Nikkei Rebounds as AI Shares Gain, Oil Prices Hinder
Japan's Nikkei 225 index rises 1.5% amid gains in AI-related shares, but oil prices due to US-Iran tensions dampen overall market sentiment.
Australian shares fall as Middle East tensions persist
Australian stocks declined for four consecutive sessions due to US President Trump's comments on Iran and concerns about global growth.
Finance Minister Addresses Banking Summit in Karachi
Muhammad Aurangzeb, Pakistan's Finance Minister, addresses the Banking Summit 2026 in Karachi. Global oil prices rise after US strikes on Iran.
Japanese Bond Yields Reach 30-Year High Amid Inflation Concerns
The 10-year JGB yield hit a 30-year high, driven by inflation concerns and renewed Middle East tensions. Longer-dated bonds also saw significant…
Typhoon Bavi to Impact Taiwan and China
Typhoon Bavi forecast to make landfall in China's eastern Fujian province. Authorities urge residents to prepare for potential damage.
SK Hynix US Share Sale Surpasses Expectations
Demand for SK Hynix's $28 billion US share sale exceeds expectations, underscoring investor appetite for AI chip supplier.
Apple to Invest $30 Billion in US Chip Manufacturer Broadcom
Apple announces a multi-year chip supply deal with Broadcom worth over $30 billion, expanding its U.S. sourcing efforts.
PAKL Performance Slumps, Rebounds with Margins Showing Growth
PAKL reported net losses for three consecutive years but showed significant margin growth in 2024 and 2025. Export sales declined due to…
Chinese Consul General Emphasizes CPEC 2 Focus on Industrial Development and Agriculture
Chinese Consul General Sun Yan emphasizes new phase of cooperation under CPEC 2 focusing on industrial development, agriculture, and mining.
EAD Warns of Economic Risks from US-Iran Conflict
The Economic Affairs Division warns of potential economic harm to Pakistan due to renewed conflict between the US and Iran. Committee advises…
SNGPL declares force majeure due to Hormuz tensions
Sui Northern Gas Pipelines Ltd has declared force majeure for three weeks, affecting power generation in Punjab.
Finance Minister Emphasizes Economic Reforms During PBC Meeting
Finance Minister Senator Muhammad Aurangzeb meets with Pakistan Business Council to discuss economic reforms and policy continuity, emphasizing the importa
KP Chief Minister Urges Federal Government to Postpone Tax Exemption Withdrawal
Khyber Pakhtunkhwa Chief Minister Muhammad Sohail Afridi has written to Prime Minister Shehbaz Sharif requesting a deferral of the proposed tax exemption…
Sindh Government Pledges to Modernize Karachi Fish Harbour
Sindh Provincial Minister Muhammad Ali Malkani pledges modernization of the Karachi Fish Harbour to boost fishing sector and marine economy.
FPCCI Launches Home to Hub Initiative for Women Entrepreneurs
The Federation of Pakistan Chambers of Commerce & Industry (FPCCI) launches the 'Home to Hub Initiative' to support women entrepreneurs in transforming…
Federal Constitutional Court Upholds Land Use for Public Purpose
The Federal Constitutional Court has ruled that land acquired for a specific public purpose must be used exclusively for that purpose, upholding…
NA committee raises concerns over LEFC project cost disparity
The National Assembly Standing Committee expresses reservations about the estimated cost of the Lyari Elevated Freight Corridor Project and calls for cost-
Customs System to Automatically Determine Penalties for Overstayed Cargo
The Federal Board of Revenue introduces an automated system to determine penalties for overstayed cargo at ports, effective August 31, 2026.
Crude oil prices surge amid heightened tensions with Iran
Brent and WTI crude futures reach multi-week highs as heightened tensions between the US and Iran threaten global oil supply through the…