Latest Stories
UBL Announces Rs40 Billion Investment in Agriculture, Microfinance and Education
United Bank Limited (UBL) has unveiled a strategic plan to invest up to Rs40 billion in agriculture, microfinance and higher education. The…
Cathay Pacific Anticipates Strong First-Half Profit Boosted by Travel and Cargo Demand
Cathay Pacific Airways expects a significant first-half profit boost, attributing the growth to strong travel and cargo demand.
Yuan Depreciates Amid Geopolitical Tensions and Growth Concerns
China’s yuan weakened due to geopolitical tensions and growth concerns. Analysts expect limited volatility through daily fixing mechanisms.
Australian and New Zealand dollars outperform against greenback
Australian and New Zealand dollars reach multi-week highs against yen and euro due to rising oil prices and inflation concerns.
Pakistan Chooses International Banks for $2 Billion Bond Issuance
The federal government has selected international banks to assist in raising at least $2 billion through global bond issuances.
Pakistan Seeks $10 Billion US Facility to Boost Foreign Exchange Reserves
Pakistan has formally approached the US for a $10 billion exchange stabilization facility to support its foreign exchange reserves and stabilize the…
Pakistan Customs Clarifies Mobile Phone Import Figures
Customs clarifies that overall mobile phone import volumes in FY2025-26 remained stable, with a significant increase in finished smartphone imports due to
Wistron Launches $700 Million AI Chip Factory in Texas for Nvidia
Taiwanese electronics firm Wistron inaugurates a $700 million factory in Texas to produce advanced AI systems for Nvidia, creating over 500 jobs.
Microsoft invests billions in European AI infrastructure
Microsoft pours billions into European AI infrastructure, offering enterprises a non-US-controlled option.
Petrol pump owners announce nationwide strike over daily pricing mechanism
All Pakistan Petrol Pumps Owners Association announces indefinite strike after failed negotiations with government over daily fuel pricing mechanism.
Government raises prices of petrol and diesel under new daily pricing mechanism
The federal government in Pakistan has increased the prices of petrol by Rs4.93 per litre and diesel by Rs7.15 per litre under…
Supermicro’s Orders Surpass $60 Billion, Boosted by SpaceX
Server manufacturer Supermicro reports over US$60 billion in new orders, driven by 'neocloud' buyers like SpaceX despite soft revenue.
Pakistan Customs Introduces Measures to Alleviate Port Congestion
Pakistan Customs announces measures to improve operations at KICT and SAPT, addressing a 14.3% increase in trade activity.
JI Announces Nationwide Highway Blockade and Sit-Ins on August 7
Jamaat-e-Islami (JI) has announced a nationwide protest against petroleum levy and inflation, with blockades and sit-ins planned for August 7.
Daily petroleum pricing reform hailed as step towards market transparency
Pakistan introduces daily pricing mechanism to enhance market transparency and reduce price volatility.
PSX Closes Higher on Geopolitical De-Escalation Hopes
The Pakistan Stock Exchange (PSX) closed marginally higher as optimism over a possible easing of Middle East tensions encouraged selective buying, despite
Tesla Expands Robotaxi Service to Tampa and Orlando
Tesla has expanded its Robotaxi service to Tampa and Orlando. CEO Elon Musk is set to discuss progress during earnings call.
Petrol and Diesel Prices Hike Confirmed by OGRA
OGRA confirms petrol and diesel prices increase, APPOA calls for nationwide shutdown.
Petrol and diesel prices hike under new daily pricing mechanism
Government increases petrol by Rs4.93 and diesel by Rs7.15 per litre, shifting from weekly to daily pricing.
Petrol Pump Owners Announce Nationwide Strike Over Daily Pricing
All Pakistan Petrol Pumps Owners Association announces nationwide strike over daily fuel pricing after failed negotiations with government.