ADB Cuts Pakistan’s FY2027 Growth Forecast to 3.7% Amid Rising Inflation
The Asian Development Bank has revised Pakistan's FY2027 economic growth to 3.7% amid rising inflation.
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Inflation
Gold prices surge in Pakistan as international rates rise
Local gold per tola price rises Rs3,600 after international rates climb by $36.
South Korean Shares Rebound as Tech Companies Rally
South Korean shares rebounded as tech companies, including Samsung and SK Hynix, saw gains following Apple’s spending plans.
KSE-100 Plummets as Geopolitical Tensions Trigger Market Sell-off
The KSE-100 Index fell by over 2,000 points due to renewed geopolitical tensions in the Middle East and rising oil prices.
South African rand strengthens ahead of manufacturing data
The South African rand strengthened 0.5% against the dollar as investors await May manufacturing output data, expected to show a potential decline…
China’s Producer Inflation Reaches Four-Year High in June
China’s producer price inflation reached its highest level since July 2022 in June, while consumer prices saw a lower-than-expected increase.
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.
Memory price hikes hit smartphone production
Memory costs rise, impacting low-end smartphone manufacturing and power amplifier shipments.
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…
Pakistan Seeks to Capitalize on Regional Peace for Economic Growth
Pakistan aims to capitalize on regional peace for economic growth, focusing on reforms and partnerships with Iran.
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…
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…
Compeq Manufacturing Sees Strong Demand Amid Seasonal Slowdown
HDI board maker Compeq avoids seasonal slowdown due to strong demand for satellite and consumer electronics boards.
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…
PBF Urges Government to Cut Petrol and Diesel Prices
The Pakistan Business Forum (PBF) has called for a reduction in petrol and diesel prices, citing lower international crude oil prices.
PAKL Reports Slump in Revenue and Profits Amidst Export Challenges
PAKL, a Pakistani public limited company, reported significant losses and declining revenues due to export market challenges. However, recent years have se
Pakistan’s Solar Market Shifts Focus to Battery Storage
Solar panel imports in Pakistan have slowed by 61%, while battery imports have surged. The market is moving towards self-consumption and off-grid…