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Chinese tech firms forecast strong first-half profits amid AI boom
Montage Technology and Hygon Information Technology predict higher revenues due to AI demand and domestic chip trends.
Pakistan’s Current Account Deficit Widens in FY26
Pakistan's current account balance recorded a deficit of $139 million in FY26, with exports declining and imports increasing.
Rupee Overvaluation Hits Export Sector
Pakistan’s REER reached a seven-year high, making exports less competitive and potentially widening trade imbalances.
Pakistan IT and Telecom Exports Reach $4.6 Billion
Pakistan’s IT and telecom exports hit a record $4.6 billion, missing the government's $5 billion target despite strong growth.
Chinese chipmakers forecast strong first-half AI-driven revenue growth
Moore Threads and Hygon predict significant AI-driven revenue increases, signaling continued demand for domestic high-end chips.
Pakistan’s Current Account Deficit Narrows but Imports Surge
Pakistan's current account deficit narrowed to $139 million in FY26 despite record remittances, as imports surged by 8.5%.
Australian and New Zealand dollars gain as US rate hike expectations ease
The Australian and New Zealand dollars are gaining for the third week, supported by reduced US rate hike chances amid softer-than-expected US…
Australian Shares Plunge as Mining and Gold Stocks Drag Down Market
Australian shares experienced their worst day in over two weeks, with mining and gold stocks suffering significant losses due to softer prices…
PSX recovers from volatile session, KSE-100 inches up
The Pakistan Stock Exchange (PSX) experiences a volatile trading session, with the KSE-100 Index recovering into positive territory.
Gulf conflict fuels foreign investment outflow from Pakistan
Bahrain withdraws $30 million from domestic bonds, while UAE and Saudi Arabia offset the loss. Remittances remain stable but experts warn of…
Japanese stock market plummets as tech sector reels from global sell-off
Japan's Nikkei share gauge falls over 4% amid geopolitical tensions and US tech market downturn.
Malaysia’s Economy Grows 5.8% in Q2, Services Drive Growth
Malaysia's economy grew 5.8% in Q2, with services sector driving growth and agriculture contracting by 3.7%. Bank Negara expects 4-5% growth this…
Malaysian Palm Oil Futures Fall but Set for Weekly Gain
Malaysian palm oil futures fell 0.52% on Friday but are set for a second consecutive weekly gain due to broader market trends.
Copper and Industrial Metals Fall Amid Middle East Tensions
Copper and industrial metals decline due to Middle East tensions, with oil prices rising by nearly 12% this week.
Official Trade Data Reveals Lower Seafood Export Figures
Pakistan's seafood exports earned $482.078 million, down from claimed $568 million, due to differences in export data compilation.
North Korea Criticizes South Korea for Participation in US-led Maritime Exercise
North Korean state media calls South Korea a 'puppet' following its participation in the RIMPAC exercise, warning of potential military escalation.
Gold faces biggest weekly loss in six weeks amid Iran-US tensions
Gold prices are declining sharply due to escalating US-Iran tensions and rising oil prices, with a 73% chance of interest rate hikes…
KSE-100 Plummets as US-Iran Tensions Spark Selling Pressure
The KSE-100 Index dropped over 500 points due to heightened tensions between the US and Iran, affecting key sectors in Pakistan’s stock…
TSMC Boosts Capital Expenditure, Eyes US$100 Billion Arizona Investment
Taiwan Semiconductor Manufacturing Company reports record earnings and raises capital expenditure guidance as it invests US$100 billion in Arizona to stay
Pakistan’s Mobile Phone Imports Reach $1.89 Billion in FY25-26
Pakistan imported $1.889 billion worth of mobile phones during FY2025-26, a 26.55 percent increase from the previous year.