ISLAMABAD: Pakistan’s trade deficit with nine neighbouring countries widened by 32.82 per cent to $11.17 billion during the first 11 months of the current fiscal year (FY25), up from $8.41bn in the same period a year earlier, official data showed. While exports to Afghanistan, Bangladesh and Sri Lanka recorded notable growth — buoyed in part by changing…
The project is part of ADB’s broader efforts to support inclusive and sustainable economic growth The Asian Development Bank (ADB) has approved a $350 million loan for Pakistan aimed at improving women’s access to finance. According to ADB, the funds will be utilized to support women’s financial inclusion and economic empowerment under the second phase…
Funds will be utilized for two separate projects in the Balochistan province The World Bank has approved a $194 million loan for Pakistan. According to the World Bank, the funds will be utilized for two separate projects in the Balochistan province, focusing on improving educational opportunities for children and strengthening water security. World Bank Country…
Oil prices have hit their lowest in two weeks after Israel agreed to US President Donald Trump’s proposal for a ceasefire with Iran. But business leaders at a key economic meeting in the northern Chinese port city of Tianjin find themselves troubled by the state of the global economy, and the prospect for meaningful growth….
Shares at the Pakistan Stock Exchange (PSX) climbed by 5,878 points a few hours after it opened on Tuesday, in the wake of US President Donald Trump announcing a complete ceasefire between Israel and Iran to end a 12-day war. Global shares rallied and the dollar extended declines as a ceasefire to end a 12-day war…
US Secretary of State Marco Rubio has called on China to prevent Iran from closing the Strait of Hormuz, one of the world’s most important shipping routes. His comments came after Iran’s state-run Press TV reported that parliament had approved a plan to close the Strait but added that the final decision lies with the…
Airlines have cancelled or rerouted flights to and from the Middle East, as the conflict between Israel and Iran raged. Qatar’s Doha airport, a critical hub in the region, halted operations on Monday, after Iran fired missiles at a US military base in the country, in what it said was retaliation for American strikes against…
Oil prices extended their slide during Tuesday trade in Asia as Iranian state media announced a ceasefire deal, easing investors’ concerns over supply disruptions. US West Texas Intermediate crude last slumped by 2% to $67.13 per barrel, hitting its lowest level in nearly two weeks. Brent crude, the global benchmark, was down 1.8% to $67.17…
Investor sentiment remains fragile as fears of regional instability continue to grow Pakistan Stock Exchange (PSX) witnessed a sharp downturn on Monday as rising fears over the escalating Iran-US-Israel conflict rattled investors. The market closed with a significant loss, falling by 3.21 percent. During intraday trading, the PSX saw a steep decline of over 4,000…
Fears grow over Strait of Hormuz disruption; Iran vows ‘everlasting consequences’ Oil prices surged and global equity markets faltered on Monday after the United States launched strikes against Iran’s nuclear facilities over the weekend, stoking fears of a wider conflict in the Middle East and disruption to global energy supplies. Brent crude rose as much…
