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Rupee registers gain against US dollar
October 13, 2026 5:14
Rupee registers gain against US dollar

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The local unit closed the day at 276.96, a gain of Re0.01 against the greenback. On Monday, the Pakistani rupee settled at 276.97 against the dollar. Pakistan’s inflation rate is projected to rise to 9.9% in 2027, while economic growth is expected to ease to 3.5%, according to data released by the International Monetary Fund’s (IMF) World Economic Outlook (WEO) released on Tuesday. The IMF data showed inflation at 7.1% in 2026, up from 4.5% in 2025. Pakistan’s gross domestic product (GDP) growth is projected at 3.6% in 2026, compared with 3.2% in 2025, before moderating to 3.5% in 2027. Globally, the US dollar held its ground at the start of Asian trading on Tuesday after a holiday for some markets in the US, as ​geopolitical risks rose after renewed attacks on energy infrastructure in the Middle ‌East and Ukraine. The US dollar index, which measures the greenback’s strength against a basket of six currencies, was at 102.56 in subdued Asian trading after closing up 0.3% on Monday. The currency is ​hovering around its highest levels since April last year. The ​euro was flat at $1.1159 on Tuesday, while the British pound was also steady at $1.3209. Against ​the yen, the US dollar was 0.1% weaker at 158.435 yen after the release of data from ‌the ⁠Bank of Japan, which showed wholesale prices rose 6.8% in the year to September, falling short of the median market forecast for a 7.6% annual increase. The Chinese yuan traded near its strongest levels in four years, holding steady against the US dollar at 6.6950 yuan ​in offshore trade. Oil prices, a key indicator of currency parity, eased on Tuesday as hopes the US-Russia diesel deal could free up more supplies from ‌Moscow offset attacks in Saudi Arabia and Yemen that could result in additional supply disruptions. Brent futures were down 67 cents, or 0.6%, at $105.98 per barrel at 10:20am EDT (1420 GMT), while US West Texas Intermediate crude futures held steady at $93.74. Inter-bank market rates for dollar on Tuesday BID Rs 276.96 OFFER Rs 277.16 Open-market movement In the open market, the PKR lost 7 paise for buying and gained 17 paise for selling against USD, closing at 277.55 and 278.66, respectively. Against Euro, the PKR gained 67 paise for buying and 81 paise for selling, closing at 309.44 and 312.29, respectively. Against UAE Dirham, the PKR remained unchanged for buying and lost 3 paise for selling, closing at 75.53 and 76.15, respectively. Against Saudi Riyal, the PKR gained 2 paise for buying and remained unchanged for selling, closing at 73.81 and 74.40, respectively. Open-market rates for dollar on Tuesday BID Rs 277.55 OFFER Rs 278.66 [...]

Pakistan car sales rise 43% in Q1 FY2026-27
October 13, 2026 4:56
Pakistan car sales rise 43% in Q1 FY2026-27

Car sales in Pakistan rose 43% year-on-year in the first quarter of FY2026-27, with analysts attributing the hike to an improving macroeconomic environment that boosted vehicle demand. Car sales surged by 43% to 41,872 units, while sales of jeeps and pickups decreased by 34% to 8,608 units in July-September 2026. Sales of trucks increased by 53% to 2,516 units. However, sales of buses went down 5% to 211 units. Moreover, sales of farm tractors also went up by 38% to 4,109 units. Sales of two- and three-wheelers, including motorbikes and rickshaws, increased by 28% to 553,994 units, according to Pakistan Automotive Manufacturers Association (PAMA) data released on Tuesday evening. Car sales declined by nearly 10% from 12,126 units in September 2025 to 10,939 units in September 2026. Speaking about automotive production and sales figures during the first quarter of FY27, PAMA director general Razi-ur-Rahman said in a statement, “This renewed sales momentum is on the back of easing of inflationary pressures and an improving macroeconomic environment. During the first quarter of FY27, the industry has experienced varying trajectories across segments.” “While overall industry volumes are steadily recovering, there is perceptible hesitation on part of the players in the market. The Original Equipment Manufacturers (OEMs) as well as the buyers are hesitant to take investment decisions. The lack of clarity about the auto policy continues to dominate the market sentiment,” he said. [...]

Saudi rebound lifts most Gulf bourses as markets weigh regional risks
October 13, 2026 1:40
Saudi rebound lifts most Gulf bourses as markets weigh regional risks

Most Gulf bourses closed higher on Tuesday, with Saudi Arabia’s benchmark index snapping a four-session losing streak, even as the kingdom extended the closure of Riyadh’s King Khalid International Airport until Saturday. A spokesperson for the Saudi-led coalition said on Tuesday that civilians would soon be warned to evacuate a site in Yemen’s Sanaa ahead of a special operation. The Saudi index rose 0.3%, helped by a 1.8% gain in Saudi National Bank, the country’s biggest lender by assets. That recovered part of the bank’s 1.2% drop on Monday. Elsewhere, Dubai’s main share index gained 0.4%, while the Abu Dhabi index rose 0.3%. GCC markets traded in a tight range on Tuesday as investors weighed rising regional risks. The lack of clarity on US-Iran talks and continued disruptions in the Strait of Hormuz kept sentiment cautious, although de-escalation efforts helped prevent a deeper sell-off, said Daniel Takieddine, co-founder and CEO, Sky Links Capital Group. In Qatar, the index added 0.2%, building on a rebound after hitting its lowest level in more than six years on Sunday. Airlines have cancelled flights after attacks by Yemen’s Iran-aligned Houthis emptied the skies over the Saudi capital. Qatar Airways said on Monday it had temporarily suspended flights to and from Riyadh and Dammam due to the situation. UAE presidential adviser Anwar Gargash said on Monday there was a pressing need to revive joint Gulf action, particularly on security and defence. He said targeting Saudi Arabia undermined the security of all Gulf states. Offering some reassurance on energy security, Energy Minister Prince Abdulaziz bin Salman said on Monday that Saudi Arabia wants to raise its pipeline crude export capacity to as much as 10 million barrels per day. The plan involves repurposing a domestic gas pipeline and investing in the existing East-West network, which carries crude to the Red Sea and avoids the Strait of Hormuz. Outside the Gulf, Egypt’s blue-chip index dropped 0.7%. Egypt’s current account deficit widened to $7.9 billion in the April–June 2026 quarter, compared with $2.2 billion in the corresponding quarter of the previous year, the central bank said on Monday. Saudi Arabia rose 0.3% to 10,318 Abu Dhabi gained 0.3% to 9,794 Dubai rose 0.4% to 5,859 Qatar was up 0.2% to 8,992 Egypt dropped 0.7% to 51,265 Bahrain finished flat at 1,883 Oman declined 1% to 7.728 Kuwait added 0.1% to 9,071 [...]

Gold price per tola gains Rs900 in Pakistan
October 13, 2026 12:57
Gold price per tola gains Rs900 in Pakistan

Gold prices in Pakistan increased on Tuesday in line with their gain in the international market. In the local market, gold price per tola reached Rs440,836 after a gain of Rs900 during the day. Similarly, 10-gram gold was sold at 377,945 after it increased by Rs771, according to rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). On Monday, gold price per tola reached Rs439,936 after a decline of Rs2,100 during the day. The international rate of gold was up by $9 to reach $4,183 per ounce. Meanwhile, the price of silver remained unchanged at Rs6,532 per tola. [...]

India's benchmark bond breaks 4-day falling streak as value investors return
October 13, 2026 12:07
India's benchmark bond breaks 4-day falling streak as value investors return

MUMBAI: Indian government bonds snapped a four-session falling streak on Tuesday, after the yield rising to a three-year high attracted investors back to the market. A policy rate hike and liquidity withdrawal by the central bank had pushed the benchmark bond yield up by 20 basis points over four sessions. The 6.94% 2036 bond ended at 7.3655% against 7.3857% in the previous session. The rupee outperformed its regional peers and ended 0.5% up against the dollar at 95.28, boosted by new central bank measures to alleviate pressure on the Asian currency and likely spot market intervention that magnified their impact. “The base case is that the 10-year bond yield has provided support in the 7.40% ranges, however, any further OMO (open market operation) sale could push the 10-year benchmark yield towards the 7.60–7.65% range,” said Harsimran Sahni, associate director and head of treasury at Anand Rathi Global Finance. India’s state borrowing costs spike to over six-year high as demand fades The RBI raised its key policy rate by 25 basis points last week and changed its policy stance, hinting at more hikes in coming months. The central bank has also announced currency market measures that cloud the outlook for banking system liquidity and impact banks’ treasury operations. Bets of a December rate increase have hardened after consumer inflation accelerated to 5.54% in September, while the benchmark Brent crude contract held above the $105 per barrel mark. Bond gains were curbed by hefty supply. Indian states raised over 300 billion rupees through bonds while the Reserve Bank of India sold notes worth 250 billion rupees through an open market operation. New Delhi is sue to sell benchmark note worth 340 billion rupees on Friday. Traders awaited US inflation data due on Wednesday for cues on the Federal Reserve’s moves. RATES Overnight indexed swap rates eased, tracking bond yields and a pullback in US Treasury yields. The one-year OIS rate ended at 6.3350%, while the two-year rate closed at 6.5150%, and the most liquid five-year rate settled lower at 6.74%. [...]

Sri Lankan shares dip as communications, financial stocks weigh
October 13, 2026 11:57
Sri Lankan shares dip as communications, financial stocks weigh

Sri Lankan shares closed lower on Tuesday, dragged down by communications and financial stocks. The CSE All-Share index settled 0.9% lower at 20,077.48 points. Dialog Axiata and Commercial Bank of Ceylon were the biggest drag on the index, down 1.8% and 0.63%, respectively. Trading volume on the index rose to 78.9 million shares from 46.6 million shares in the previous session. The equity market’s turnover dipped to 1.15 billion Sri Lankan rupees ($3.47 million) from 1.19 billion rupees in the previous session, according to exchange data. Foreign investors were net buyers, purchasing stocks worth 34.1 million rupees, while domestic investors were net sellers, offloading shares worth 1.14 billion rupees, the data showed. [...]

Copper edges up on mine supply disruption, tight stocks
October 13, 2026 11:02
Copper edges up on mine supply disruption, tight stocks

Copper prices rose for a third straight session on Tuesday as persistent concerns over a supply shortage kept the metal within striking distance of an all-time peak. Benchmark three-month copper on the London Metal Exchange was up 0.1% at $14,636.50 a metric ton as of 0915 GMT, close to the record $14,875 seen last month. Supply concerns remained in focus after Chile’s Codelco partially suspended operations at its El Teniente mine following a landslide, while Antofagasta’s Centinela copper mine and two unions were set to resume talks as a strike continued. “Copper continues to benefit from physical-market tightness and declining exchange inventories, helping it withstand the firm dollar better than the wider complex,” Sucden Financial said in a note. A stronger greenback makes dollar-denominated metals more expensive for holders of other currencies. The dollar took a breather on Tuesday but hovered near an 18-month high. All reported copper mine disruptions for 2025-26 — including at Indonesia’s Grasberg mine and Kamoa-Kakula in the Democratic Republic of Congo — amount to 350,000-400,000 tons per year of contained copper, which equates to only 30%-50% of published disruption allowances, Panmure Liberum said. “Therefore, the dominant price driver is probably speculative/financial,” the bank added in a note. A disruption allowance is a percentage of mine production that analysts assume will be lost due to unplanned events in a given year. LME copper stocks declined by 1,625 tons to 232,275 tons, leaving inventories outside the US tight. The cash LME copper contract was trading at a $181.50 premium to the three-month forward, indicating scarce near-term availability. Aluminium fell 0.6% to $3,035.50 per ton, close to the eight-month low it touched on Monday. Some easing in passage restrictions in the Strait of Hormuz has reconnected Gulf smelters to the world, taking aluminium prices down, Panmure Liberum said. New supply from Indonesia is also ramping up, with exports topping 150,000 tons in August. Zinc lost 0.4% to $3,741.50, lead rose 0.6% to $1,894.50, nickel was flat at $15,620 and tin eased 0.2% to $53,000. [...]

Palm climbs to two-week high as El Niño supply fears outweigh stocks
October 13, 2026 10:53
Palm climbs to two-week high as El Niño supply fears outweigh stocks

KUALA LUMPUR: Malaysian palm oil futures reversed earlier losses to hit a more than two-week high on Tuesday, as concerns over tighter supplies next year — due to El Niño and growing biodiesel demand — outweighed pressure from currently high stockpiles. The benchmark palm oil contract for December delivery on the Bursa Malaysia Derivatives Exchange rose 45 ringgit, or 0.97%, to 4,682 ringgit ($1,146.43) a metric ton, the highest closing price since September 24. The bearish September stocks are already reflected in the market as it had already weakened before and after the release of the Malaysian Palm Oil Board’s data, said Cheang Kang Wei, agricultural commodities analyst at the Singapore-based StoneX brokerage. Malaysia’s palm oil stockpiles in September surged to 3.51 million metric tons as production hit an all-time high, surpassing market expectations and reaching unprecedented levels. However, Cheang said that the key question now is whether stocks can continue rising in October, noting that inventories could still remain elevated, but the pace of the build should start slowing. Stock growth should begin moderating by November if exports hold above 1.5 million tons while production stabilises around 2.0 million tons, Cheang added. But if demand disappoints while production remains near record levels, stocks could stay above 3.5 million tons for longer and continue weighing on prices. “The market is also increasingly looking beyond the current inventory situation and focusing on potential supply risks in 2027, including the lagged impact of El Niño and Indonesia’s growing biodiesel demand under B50,” he said. Cargo surveyors estimated that exports of Malaysian palm oil products for October 1-10 rose between 33.5% and 37.7% from a month earlier. Oil prices fell as traders assessed supply risks from attacks on Saudi Arabia while weighing the prospect of additional diesel supplies from Russia. Weaker crude oil futures make palm a less attractive option for biodiesel feedstock. Dalian’s most-active soyoil contract fell 0.65%, while its palm oil contract shed 0.77%. Soyoil prices on the Chicago Board of Trade were up 0.55%. Palm oil tracks the price movements of rival edible oils, as it competes for a share of the global vegetable oils market. [...]

Indian benchmark shares jump as encouraging HCLTech earnings propel IT buying
October 13, 2026 10:41
Indian benchmark shares jump as encouraging HCLTech earnings propel IT buying

Indian benchmark shares rose on Tuesday, led by the IT index’s biggest one-day gain in more than 17 months after estimate-beating results from HCLTech and as the central bank’s support for the rupee boosted sentiment. The Nifty 50 rose 1.6% to 22,721.95 and the BSE Sensex added 1.54% to 73,033.78. The Indian rupee rose to 95.28 per dollar, marking its second consecutive session of recovery, as the Reserve Bank of India announced more measures to alleviate ‌pressure on the currency. Information technology stocks jumped 5.2%, its best day since May 12, 2025. HCLTech soared 8.4%, its biggest daily percentage rise in over 6 years, and was the biggest gainer on the sub-index as profitability metrics improved and led to strong quarterly results. India’s largest IT company Tata Consultancy Services, which reported its quarterly earnings on Thursday, also jumped 6.8%. “The gains in IT stocks do not reflect a structural reversal for the sector. It is just that better-than-expected earnings from both TCS and HCLTech have provided an opportunity for value hunting,” said Arun Malhotra, fund manager at CapGrow Capital. The Nifty IT index is down 21.2% year-to-date due to moderating earnings growth amid AI disruption to traditional software services business. Fifteen of the 16 major sectors rose on Tuesday. The broader smallcaps and midcaps rose 0.1% and 1.1%, respectively. “Overall market outlook still remains hostage to global macroeconomic factors as uncertainty persists in the Middle East and oil prices remain above $100 per barrel. Until these clouds clear, the Indian market is unlikely to see a sustained recovery,” Malhotra said. Among stocks, Shriram Finance jumped 6.3% after Bloomberg News reported that Japan’s Mitsubishi UFJ Financial Group is studying ways to eventually gain majority control in non-bank lender. Asian stocks slid more than 2% to a more than two-month low as a sharp selloff in chipmakers prompted a broader rethink of the AI trade amid heightened competition, driving investors toward the safety of government bonds. [...]

India rupee outpaces Asian peers on fresh FX curbs, RBI intervention
October 13, 2026 10:30
India rupee outpaces Asian peers on fresh FX curbs, RBI intervention

MUMBAI: The Indian rupee outperformed its regional peers on Tuesday, boosted by new central bank measures to alleviate pressure on the Asian currency and likely spot market intervention that magnified their impact. The Indian currency rose to a peak of 95.0725 per dollar in early trading before trimming gains to settle at 95.28, up 0.5% from the previous close. The Reserve Bank of India has taken a series of tough regulatory steps aimed at supporting the rupee by re-routing oil dollar demand to a special facility, imposing margins on hedging current account liabilities and banks’ hedging their own assets and liabilities. The regulator has also told banks to offer non-deliverable contracts to clients only for protecting underlying exposures and slashed the size of derivative transactions users can undertake without underlying exposure to $5 million from $100 million. The tough curbs and heightened scrutiny have rattled banks and triggered unintended consequences such as widening of bid-ask spreads in the forwards market and a migration of activity into the non-deliverable forward market. Analysts expect the regulatory steps to help steady the rupee even as the underlying balance of payments picture for India remains challenging. “The measures should support INR in the near term by reducing USD demand while making it more difficult to take derivative positions,” Union Bancaire Privee said in a note. “Markets increasingly view USD/INR 97.00 as a level the RBI is prepared to defend.” The dollar index was down 0.2% at 102.3 while Asian currencies were largely range bound. Oil prices were on track for their first decline in nearly a week as traders weighed the prospect of additional diesel supplies from Russia. [...]

India postpones UPI payment fee rollout until after Diwali festival
October 13, 2026 10:18
India postpones UPI payment fee rollout until after Diwali festival

MUMBAI: India has postponed the rollout of a fee on large payments via its popular Unified Payments Interface platform until after the Diwali festival, the National Payments Corporation of India (NPCI) said on Tuesday. A 0.4% charge for merchants on transactions exceeding 2,000 rupees ($21) was scheduled to take effect on October 15. The deferral is “keeping in mind the festive season”, and the fee will be implemented immediately after the Hindu festival on a date that will be notified separately, NPCI said in a statement. Diwali, which will be celebrated across India on November 8, typically marks the peak of consumer spending in Asia’s third-largest economy, with shoppers splurging on cars, clothes and home appliances. The proposed fee, which would end more than six years of zero-cost UPI payments in India, had drawn opposition from retailers. The postponement is “timely and pragmatic”, the Confederation of All India Traders (CAIT), which represents millions ​of brick-and-mortar retailers, said in a statement. India considers delaying rollout of UPI payments fee, sources say The decision follows a meeting of around 20 trade industry representatives with India’s finance minister on September 30, CAIT said. The delay in implementation would likely allow payments firms to upgrade systems and not pass on costs to customers, while addressing ​issues that retailers may ​face during the ⁠festive period, Reuters reported last week, citing sources. The industry would be ready to implement the fee after the festive season, said Vishwas Patel, chairman of the Payment Council of India, an industry group. UPI is used by over 500 million people ⁠to buy everything from cups of tea to iPhones. Walmart’s PhonePe and Alphabet’s Google Pay had about 80% market ​share by value of UPI transactions in August. Shares of digital payments firms Paytm, Pine Labs and One MobiKwik Systems gained 1%, 1.8% and 1.3%, respectively, after the news. India consults banks, payment firms on fees for large UPI payments, sources say “The notice…brings certainty that the MDR (Merchant Discount Rate) is going to be implemented and there is no more scope of any pushback…versus the earlier uncertainty around the timeline,” said Rahul Jain, director of research at Dolat Capital. “That is a positive for the companies,” he added. [...]

European stocks hit one-week high on easing oil, yields; LVMH drags luxury stocks
October 13, 2026 9:36
European stocks hit one-week high on easing oil, yields; LVMH drags luxury stocks

European shares rose to a one-week high on Tuesday as lower oil prices and falling bond yields lifted appetite, although disappointing results from luxury bellwether LVMH pressured the sector. The pan-European STOXX 600 was up 0.61% at 639.54 points by 0849 GMT, to its highest since October 6. London’s FTSE 100 rose about 0.8%, the biggest gainer among regional indexes, boosted by financials. Oil prices fell as traders assessed supply risks following attacks on Saudi Arabia and weighed the prospect of additional diesel supplies from Russia. Euro zone bond yields dipped alongside those of Treasuries as the selloff in tech stocks drove some slight flows to the safety of government debt. Higher oil prices and a global bond rout weighed on European equities in recent weeks, stoking inflation fears in the energy-importing region and dimming the appeal of riskier equities. “European equities are caught between resilient corporate earnings and rising borrowing costs,” Lauren Hyslop, investment manager at Mattioli Woods, said. The chemicals sector climbed 1.7% to lead sectoral gains, while heavyweight banks advanced 1%. “Banks generally like higher rates, higher yields. European shares rise on lower oil prices, bank strength ahead of earnings They can charge more on new loans; interest margins improve. That’s the reason that banks have propped up the STOXX 600 rally in recent years,“ Hyslop said. Technology stocks, however, capped gains, falling 0.9%, tracking a global selloff after reports of rapid tech progress by ChangXin Memory Technologies (CXMT) fuelled concerns that China is narrowing the technology gap with established rivals. European chipmakers STMicroelectronics, Soitec and Infineon slid between 1.4% and 2.3%, while ASML dropped 1.8%. “Technology stocks led the weakness, particularly memory-chip names, after China’s CXMT announced progress on a denser DRAM design and plans to launch a new server-memory product by year-end, raising concerns over greater competition for established memory-chip producers,” OCBC said in a note. Luxury stocks fell 1%, dragged down by a 1.3% drop in LVMH. The world’s largest luxury group posted weaker-than-expected third-quarter sales, as deteriorating consumer sentiment in China weighed on demand for its Louis Vuitton and Dior brands. Givaudan added 7.4% after the fragrance and flavour maker’s third-quarter organic sales beat expectations. Among other stocks, Nokia fell 1.7% after the Finnish telecom gear maker agreed to sell its Enterprise Campus Edge business to private equity group Aurelius. The earnings season will pick up pace on Wednesday when ASML reports. Investors will also watch for key September data from Germany, Europe’s largest economy, due later in the day. [...]

AI investment props up global growth, but war and debt threaten outlook, IMF says
October 13, 2026 7:07
AI investment props up global growth, but war and debt threaten outlook, IMF says

BANGKOK: The global economy will still manage to top 3% real GDP growth this year as strong AI investment offsets the energy ​shock from the war in the Middle East, but downside risks are mounting and more countries are being left behind and vulnerable to rising debt loads, the International Monetary Fund said on Tuesday. Despite a more protracted ‌conflict that has kept oil prices above $100 a barrel, the IMF is forecasting 2026 global growth at 3.1%, a slight uptick from the 3.0% it predicted in July. The World Economic Outlook forecast, released as global economic and finance leaders gather in Bangkok for the IMF and World Bank annual meetings, is about even with the most optimistic scenario issued in April but below 2025 global growth of 3.5%. For 2027, the IMF predicts 3.4% global growth, flat with the July forecast and up 0.2 percentage point from April. The slight improvement is largely due to continued strong investment in artificial intelligence infrastructure, prompting growth upgrades for key advanced economies building ​AI platforms and especially for countries supplying AI hardware, including South Korea, Malaysia, Mexico and Thailand, which is hosting the meetings this week. “The global economy has been resilient, but that resilience is reaching its limits, so we need to move ​from just coping to rebuilding,” the IMF’s chief economist, Silvana Tenreyro, told a news conference. “We need to restore fiscal space. We need to rebuild supply-side resilience.” She said major downside risks ⁠to growth include a prolonged, intensified war in the Middle East that spikes inflation pressures, rising bond yields that raise government borrowing costs, El Nino-driven extreme weather events and a reassessment of AI profitability that craters investment and asset prices. Countries and companies ​moved quickly to mitigate the oil price shock, drawing down reserves, substituting other suppliers and energy sources and cutting oil demand, Petya Koeva Brooks, the IMF’s deputy research director, told Reuters in a separate interview. She said global growth would have fallen to 2.5% this year ​without these measures, but their effect is fading as the war drags on. The IMF noted a growing divergence between countries benefiting from AI and those bypassed by it. Just 32 countries now account for 95% of global growth, compared to 54 countries in April. IMF sees Pakistan’s inflation rising to 9.9% in 2027 as growth slows Downward growth revisions have become more widespread, with the IMF downgrading 47% of economies since the April forecasts were issued, including several energy importers outside AI value chains. Hardest hit by downgrades were the Gulf countries directly impacted by the US-Israeli war against Iran, with Saudi Arabia’s GDP now forecast to contract 3.3% this year compared with the ​1.7% growth predicted in July. Iran, Iraq, Kuwait, Qatar and the United Arab Emirates are also expected to fall into deep recessions, with 2026 contractions of 7.6%, 16%, 16.7%, 15.6% and 3.9%, respectively. United States flat, improvement in Europe Among major economies, the IMF forecast US ​growth of 2.3% for both 2026 and 2027, unchanged for this year and 0.1 percentage point higher for next year. The US economy is expected to be supported by robust private consumption, tax cuts and AI investment, though the boost from AI will be offset by its large ‌import content. Euro zone ⁠growth for 2026 was upgraded to 1.1% from 0.9% in July due to stronger investment in AI, participation in AI value chains such as chemical production in Germany, and higher defense spending in EU countries. Britain’s 2026 growth forecast also was upgraded by 0.3 percentage point from July to 1.3% due to larger AI investment. The IMF forecast China’s growth at 4.5% for 2026 and 4.0% for 2027, both down 0.1 percentage point from July, as higher oil prices exacerbate weak domestic demand despite strong exports. India remains the world’s fastest-growing major economy at 7.0% for both 2026 and 2027, up 0.6 percentage point this year and 0.3 percentage point next year compared with the July forecasts amid robust domestic demand, services activity and AI investment. The AI investment surge is projected to keep upward pressure ​on prices, with global headline consumer price inflation forecast at 4.7% ​in 2026 and 4.1% for 2027. Energy price, ai risks Participants at ⁠the IMF and World Bank meetings in Bangkok will be assessing a precarious outlook. The IMF forecasts are based on assumptions that the Strait of Hormuz will reopen in March 2027 with a broad return to pre-war shipping conditions occurring by October 2027. The IMF assumes an average oil price of $96 per barrel for 2026 and $87 in 2027. But under an adverse scenario highlighted in the ​report, in which a worsening war pushes oil prices to $130 per barrel through the first quarter of 2027, growth would be reduced by 0.2 percentage point in 2026 and 0.5 percentage ​point in 2027. Inflation in 2027 ⁠would surge by another 1.1 percentage point to 5.2%. AI is also a huge source of uncertainty, with major downside and upside risks, the IMF report said. Under a scenario of faster adoption of the technology and accelerated investment, global GDP could rise a further 0.6% by 2029, with the bulk of the benefits going to the US and China. But if productivity gains from AI fail to materialize, prompting a sharp decline in investment, US GDP could fall by 0.8% directly, causing spillovers to Asian technology exporters with a total direct GDP impact of as ⁠much as 0.4% ​by 2028. This shift would also trigger a sharp reduction in asset prices and tighter financial conditions that cause a major drop in consumption, particularly in the ​US, the IMF said. Higher global bond yields would further reduce activity, with a combined global output reduction of 1.1% by 2028, including a 1.8% drop in US output. The IMF also warned that elevated public debt levels, particularly in advanced economies, increase the risk of sharply higher borrowing costs that can weigh on growth ​prospects. It urged governments to stop delaying action to rebuild fiscal buffers and articulate credible medium-term plans to bring debt back to sustainable levels — advice that IMF officials plan to push at the Bangkok meetings. [...]

Hong Kong dollar nears weak end of trading band, HKMA intervention looms
October 13, 2026 6:54
Hong Kong dollar nears weak end of trading band, HKMA intervention looms

SHANGHAI/HONG KONG: The Hong Kong dollar edged towards the weak side of its trading band at 7.85 per US dollar on Tuesday, a level that could prompt the Hong Kong Monetary Authority (HKMA) to step in and buy the local currency to defend its peg. The Hong Kong dollar is pegged to a tight band of between 7.75 and 7.85 versus the US currency. The currency was trading at 7.8475 per dollar as of 0325 GMT. Under the system, if the Hong Kong dollar hits 7.85, the HKMA is obliged to sell US dollars and buy Hong Kong dollars. That drains liquidity from the banking system and pushes up local interbank rates, which in turn helps pull the currency back from the weak-side limit. ANZ analysts said Hong Kong is still likely to preserve the dollar peg as it remains an effective mechanism, despite Beijing’s push for yuan internationalisation. The Hong Kong dollar last touched the weak-side limit of 7.85 in the summer of 2025, triggering repeated HKMA intervention in a cycle that ran through August. A sluggish local equity market and tepid southbound inflows from mainland Chinese investors have dampened demand for the Hong Kong dollar this year and weighed on local interbank rates. Yuan holds firm near 2023 highs despite dollar strength Meanwhile, US rates have climbed over the past two months as markets repriced the odds of Federal Reserve rate hikes . ANZ analysts said they do not expect a repeat of the sharp swings seen between May and August 2025, when the currency briefly hit the strong-side 7.75 before rapidly weakening, describing the current depreciation as gradual and orderly. [...]

IMF sees higher energy prices and interest rates hitting UK growth
October 13, 2026 6:48
IMF sees higher energy prices and interest rates hitting UK growth

BANGKOK: Higher energy prices and a rise in long-term interest rates are likely to weigh on British economic growth next year, the International Monetary Fund warned on Tuesday, even as it revised up its forecast for expansion this year. The IMF predicts Britain’s economy will grow 1.3% this year, up from predictions of 1.0% in July and 0.8% in April, before slowing to 1.2% growth in 2027, putting Britain in the middle of the pack among major advanced economies. “Higher energy prices and long-term interest rates (will) weigh on consumption and investment,” the IMF said in its section on Britain in an update of its World Economic Outlook, which sees AI supporting global growth but warns of risks from rising public debt. Long-term government borrowing costs in Britain hit their highest since 1998 last week, while the Bank of England predicts the global surge in energy prices will push inflation to a peak above 4% early next year. The IMF forecasts British inflation will average 3.3% in 2026 and 2.8% in 2027, close to its predictions for the euro zone and the United States. British unemployment is likely to rise to average 5.3% this year and next, the IMF said, up from 4.9% in the 3 months to the end of July. The IMF said central banks globally needed to be quicker to raise interest rates where public confidence in their inflation targets had weakened, and resist any pressure to tolerate above-target inflation or excessive borrowing. Unlike the European Central Bank or the US Federal Reserve, the BoE has not raised rates since the outbreak of the US-Iran war in February. [...]

Rupee registers gain against US dollar
October 13, 2026 5:14
Rupee registers gain against US dollar

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The local unit closed the day at 276.96, a gain of Re0.01 against the greenback. On Monday, the Pakistani rupee settled at 276.97 against the dollar. Pakistan’s inflation rate is projected to rise to 9.9% in 2027, while economic growth is expected to ease to 3.5%, according to data released by the International Monetary Fund’s (IMF) World Economic Outlook (WEO) released on Tuesday. The IMF data showed inflation at 7.1% in 2026, up from 4.5% in 2025. Pakistan’s gross domestic product (GDP) growth is projected at 3.6% in 2026, compared with 3.2% in 2025, before moderating to 3.5% in 2027. Globally, the US dollar held its ground at the start of Asian trading on Tuesday after a holiday for some markets in the US, as ​geopolitical risks rose after renewed attacks on energy infrastructure in the Middle ‌East and Ukraine. The US dollar index, which measures the greenback’s strength against a basket of six currencies, was at 102.56 in subdued Asian trading after closing up 0.3% on Monday. The currency is ​hovering around its highest levels since April last year. The ​euro was flat at $1.1159 on Tuesday, while the British pound was also steady at $1.3209. Against ​the yen, the US dollar was 0.1% weaker at 158.435 yen after the release of data from ‌the ⁠Bank of Japan, which showed wholesale prices rose 6.8% in the year to September, falling short of the median market forecast for a 7.6% annual increase. The Chinese yuan traded near its strongest levels in four years, holding steady against the US dollar at 6.6950 yuan ​in offshore trade. Oil prices, a key indicator of currency parity, eased on Tuesday as hopes the US-Russia diesel deal could free up more supplies from ‌Moscow offset attacks in Saudi Arabia and Yemen that could result in additional supply disruptions. Brent futures were down 67 cents, or 0.6%, at $105.98 per barrel at 10:20am EDT (1420 GMT), while US West Texas Intermediate crude futures held steady at $93.74. Inter-bank market rates for dollar on Tuesday BID Rs 276.96 OFFER Rs 277.16 Open-market movement In the open market, the PKR lost 7 paise for buying and gained 17 paise for selling against USD, closing at 277.55 and 278.66, respectively. Against Euro, the PKR gained 67 paise for buying and 81 paise for selling, closing at 309.44 and 312.29, respectively. Against UAE Dirham, the PKR remained unchanged for buying and lost 3 paise for selling, closing at 75.53 and 76.15, respectively. Against Saudi Riyal, the PKR gained 2 paise for buying and remained unchanged for selling, closing at 73.81 and 74.40, respectively. Open-market rates for dollar on Tuesday BID Rs 277.55 OFFER Rs 278.66 [...]

Pakistan car sales rise 43% in Q1 FY2026-27
October 13, 2026 4:56
Pakistan car sales rise 43% in Q1 FY2026-27

Car sales in Pakistan rose 43% year-on-year in the first quarter of FY2026-27, with analysts attributing the hike to an improving macroeconomic environment that boosted vehicle demand. Car sales surged by 43% to 41,872 units, while sales of jeeps and pickups decreased by 34% to 8,608 units in July-September 2026. Sales of trucks increased by 53% to 2,516 units. However, sales of buses went down 5% to 211 units. Moreover, sales of farm tractors also went up by 38% to 4,109 units. Sales of two- and three-wheelers, including motorbikes and rickshaws, increased by 28% to 553,994 units, according to Pakistan Automotive Manufacturers Association (PAMA) data released on Tuesday evening. Car sales declined by nearly 10% from 12,126 units in September 2025 to 10,939 units in September 2026. Speaking about automotive production and sales figures during the first quarter of FY27, PAMA director general Razi-ur-Rahman said in a statement, “This renewed sales momentum is on the back of easing of inflationary pressures and an improving macroeconomic environment. During the first quarter of FY27, the industry has experienced varying trajectories across segments.” “While overall industry volumes are steadily recovering, there is perceptible hesitation on part of the players in the market. The Original Equipment Manufacturers (OEMs) as well as the buyers are hesitant to take investment decisions. The lack of clarity about the auto policy continues to dominate the market sentiment,” he said. [...]

Textile body urges PM to retain export facilitation scheme for yarns, fabrics
October 13, 2026 3:11
Textile body urges PM to retain export facilitation scheme for yarns, fabrics

The Pakistan Textile Council (PTC) has urged Prime Minister Shehbaz Sharif to retain the Export Facilitation Scheme (EFS) for all legitimate export inputs and reject further exclusions of yarns and fabrics, warning that such restrictions could undermine Pakistan’s value-added textile exports. In a letter to the prime minister, PTC Chairman Fawad Anwar opposed demands to exclude all yarns and fabrics falling under Chapters 52 and 55 of the Pakistan Customs Tariff from the scheme. The council also sent copies of the letter to the Federal Board of Revenue (FBR) chairman and the secretary of commerce. The council appreciated the government’s efforts to curb misdeclaration and misuse of the EFS but said further exclusions would hurt exporters supplying international markets. “Accepting these demands would cause serious and lasting harm to Pakistan’s value-added exports,” Anwar said in the letter. The PTC noted that the government had already removed raw cotton, cotton yarn and grey cloth from the scheme in 2025 through SRO 1359(I)/2025. It said the latest demands contradicted the understanding reached during earlier consultations that no further exclusions would be sought. Highlighting shifts in global textile demand, the council cited Textile Exchange’s Materials Market Report 2025, which found that synthetic fibres accounted for 69 percent of global fibre production in 2024, while cotton’s share stood at 19 percent. Man-made fibre (MMF)-based products account for around 63 percent of global textile and apparel trade, compared with approximately 12 percent of Pakistan’s textile and apparel exports, according to the PTC. The council said competing countries were expanding their presence in the segment, noting that Bangladesh aimed to increase the share of MMF in its apparel exports from around 24 percent to 40 percent by 2030. Pakistan has almost no domestic viscose or lyocell fibre production, while its polyester value chain faces cost and scale disadvantages compared with Chinese and Association of Southeast Asian Nations (ASEAN) producers, the letter stated. As a result, value-added exporters depend on imported MMF yarns and fabrics, many of which are specified by international buyers, to secure and fulfil orders. The PTC warned that the 2025 exclusions had already forced exporters to pay taxes upfront on affected inputs, increasing liquidity pressures and production costs. Further restrictions on yarns and fabrics under Chapters 52 and 55 could raise input costs, tie up working capital and discourage investment in value-added and MMF-based production capacity. The council also cautioned that the proposed exclusions could weaken international buyers’ confidence in Pakistan as a reliable sourcing destination. On concerns about misuse of the scheme, the PTC backed strict action against misdeclaration, under-invoicing and diversion of imports into the domestic market. It said the FBR and Pakistan Customs had the legal powers, systems and personnel to identify and prosecute offenders, adding that recent detections demonstrated the effectiveness of enforcement measures. “The misuse of a few cannot justify penalising genuine exporters or dismantling a scheme that is central to export competitiveness,” Anwar said. The council urged the prime minister to ensure that the EFS remained available for all legitimate export inputs, with no further exclusions of yarns and fabrics under Chapters 52 and 55. It also called for stronger enforcement through input-output coefficient audits, reconciliation of scheme imports with export documents, risk-based examinations and strict penalties for offenders. Instead of taxing imported inputs, the PTC proposed addressing concerns of domestic suppliers by restoring zero-rating on local supplies of inputs to EFS users. The council said textiles and apparel remained Pakistan’s largest export sector and that its growth depended on competitive access to the inputs demanded by global markets. It reaffirmed its willingness to work with the government to prevent misuse while protecting legitimate exporters and foreign exchange earnings. [...]

FM Aurangzeb vows continued reforms under IMF programme
October 13, 2026 1:49
FM Aurangzeb vows continued reforms under IMF programme

Finance Minister Muhammad Aurangzeb reaffirmed on Tuesday Pakistan’s ownership of taxation, energy, state-owned enterprise (SOE) and pension reforms under the IMF-supported programme, stressing that sustained implementation was essential to achieve lasting economic growth and public welfare. The development came as the minister highlighted debt management and fiscal reforms at a panel on Mitigating Sovereign Risks in Market-Access Countries on the sidelines of the World Bank Group–IMF Annual Meetings 2026 in Bangkok, Thailand, according to a Finance Division statement. “The Finance minister reaffirmed national ownership of taxation, energy, state-owned enterprises and pension reforms under the IMF-supported programme. He stressed the sustained reform implementation to translate macroeconomic stability into sustainable growth and public welfare,” the statement read. The minister further highlighted Pakistan’s progress in fiscal consolidation, reducing inflation and rebuilding foreign exchange reserves. “He emphasised revenue mobilisation, tax administration reforms, expenditure restraint and privatisation to strengthen economic resilience,” the statement read. Aurangzeb outlined debt management measures to lower financing costs, extend maturities and reduce rollover risks. He noted that renewed market access supports a strategy to improve the external debt profile without increasing the overall size. Finance minister discusses Mashreq Bank’s expansion Federal minister Aurangzeb also met with Mashreq Bank’s senior management to discuss its expanding presence in Pakistan, a separate Finance Division statement said. The minister highlighted macroeconomic gains and renewed market access, reaffirming support for Mashreq’s expansion and sustainable growth. He reviewed digital banking growth and opportunities to advance financial inclusion through technology and microfinance. “Discussion also covered expanding offshore service operations, drawing on Pakistan’s skilled workforce. The meeting explored digital accounts for overseas Pakistanis, foreign-currency products and wider outreach across the GCC.” the statement read. He also discussed collaboration on tokenisation, blockchain, and digital assets within Pakistan’s evolving regulatory framework. He reviewed potential support for Sukuk, further Panda bond issuance and innovative financing under Pakistan’s medium-term debt strategy. [...]

Saudi rebound lifts most Gulf bourses as markets weigh regional risks
October 13, 2026 1:40
Saudi rebound lifts most Gulf bourses as markets weigh regional risks

Most Gulf bourses closed higher on Tuesday, with Saudi Arabia’s benchmark index snapping a four-session losing streak, even as the kingdom extended the closure of Riyadh’s King Khalid International Airport until Saturday. A spokesperson for the Saudi-led coalition said on Tuesday that civilians would soon be warned to evacuate a site in Yemen’s Sanaa ahead of a special operation. The Saudi index rose 0.3%, helped by a 1.8% gain in Saudi National Bank, the country’s biggest lender by assets. That recovered part of the bank’s 1.2% drop on Monday. Elsewhere, Dubai’s main share index gained 0.4%, while the Abu Dhabi index rose 0.3%. GCC markets traded in a tight range on Tuesday as investors weighed rising regional risks. The lack of clarity on US-Iran talks and continued disruptions in the Strait of Hormuz kept sentiment cautious, although de-escalation efforts helped prevent a deeper sell-off, said Daniel Takieddine, co-founder and CEO, Sky Links Capital Group. In Qatar, the index added 0.2%, building on a rebound after hitting its lowest level in more than six years on Sunday. Airlines have cancelled flights after attacks by Yemen’s Iran-aligned Houthis emptied the skies over the Saudi capital. Qatar Airways said on Monday it had temporarily suspended flights to and from Riyadh and Dammam due to the situation. UAE presidential adviser Anwar Gargash said on Monday there was a pressing need to revive joint Gulf action, particularly on security and defence. He said targeting Saudi Arabia undermined the security of all Gulf states. Offering some reassurance on energy security, Energy Minister Prince Abdulaziz bin Salman said on Monday that Saudi Arabia wants to raise its pipeline crude export capacity to as much as 10 million barrels per day. The plan involves repurposing a domestic gas pipeline and investing in the existing East-West network, which carries crude to the Red Sea and avoids the Strait of Hormuz. Outside the Gulf, Egypt’s blue-chip index dropped 0.7%. Egypt’s current account deficit widened to $7.9 billion in the April–June 2026 quarter, compared with $2.2 billion in the corresponding quarter of the previous year, the central bank said on Monday. Saudi Arabia rose 0.3% to 10,318 Abu Dhabi gained 0.3% to 9,794 Dubai rose 0.4% to 5,859 Qatar was up 0.2% to 8,992 Egypt dropped 0.7% to 51,265 Bahrain finished flat at 1,883 Oman declined 1% to 7.728 Kuwait added 0.1% to 9,071 [...]

Gold price per tola gains Rs900 in Pakistan
October 13, 2026 12:57
Gold price per tola gains Rs900 in Pakistan

Gold prices in Pakistan increased on Tuesday in line with their gain in the international market. In the local market, gold price per tola reached Rs440,836 after a gain of Rs900 during the day. Similarly, 10-gram gold was sold at 377,945 after it increased by Rs771, according to rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). On Monday, gold price per tola reached Rs439,936 after a decline of Rs2,100 during the day. The international rate of gold was up by $9 to reach $4,183 per ounce. Meanwhile, the price of silver remained unchanged at Rs6,532 per tola. [...]

Selling continues at PSX, KSE-100 Index closes 348 points lower
October 13, 2026 12:50
Selling continues at PSX, KSE-100 Index closes 348 points lower

Selling pressure continued at the Pakistan Stock Exchange (PSX) on Tuesday, with the benchmark KSE-100 Index closing 348 points lower amid bearish sentiment. The KSE-100 Index witnessed some buying in the first half, hitting an intra-day high of 166,070.48. However, selling returned to the bourse, pushing the benchmark index to an intra-day low of 164,773.67. At close, the KSE-100 Index settled at 164,776.44, down 347.97 points or 0.21%. “The benchmark remained range-bound throughout the session, trading between 164,774 and 166,070, reflecting cautious investor sentiment and persistent selling pressure in index-heavy stocks,” brokerage house Topline Securities said in its post-market report. “Investor sentiment is likely to remain cautious amid ongoing market volatility. Near-term market direction will depend on developments in key economic indicators, institutional activity, and investor positioning. Selective opportunities may emerge in fundamentally sound stocks, while a prudent investment approach remains advisable.” Index-heavy stocks remained under pressure, with PTC, UBL, HBL, LUCK, and MARI emerging as the major laggards. Collectively, these stocks contributed approximately 343 points to the index’s decline, weighing on overall market performance, Topline said. Pakistan’s inflation rate is projected to rise to 9.9% in 2027, while economic growth is expected to ease to 3.5%, according to data released by the International Monetary Fund’s (IMF) World Economic Outlook (WEO) released on Tuesday. The IMF data showed inflation at 7.1% in 2026, up from 4.5% in 2025. Pakistan’s gross domestic product (GDP) growth is projected at 3.6% in 2026, compared with 3.2% in 2025, before moderating to 3.5% in 2027. As the government seeks to diversify its funding sources, Pakistan plans to return to China’s domestic bond market for further yuan-denominated borrowing and is exploring the possibility of issuing yen-denominated bonds in Japan, Finance Minister Muhammad Aurangzeb said in an interview to Nikkie Asia. Pakistan issued its first panda bond worth 1.75 billion yuan ($261 million) in mid-May under a 7.2-billion-yuan programme, with partial guarantees from the Asian Development Bank and the Asian Infrastructure Investment Bank. SE Fruits and Vegetable Limited will withdraw its existing initial public offering (IPO) application and submit a fresh one with additional disclosures about the transition of its underlying business from a partnership to a public limited company, the company said. “The Board of Directors of SE Fruits and Vegetable Limited has decided to withdraw the Company’s current IPO application and submit a fresh application after incorporating additional disclosures into the prospectus,” the company said in a statement. On Monday, the PSX witnessed heavy selling as domestic political uncertainty following the imposition of emergency and governor rule in Khyber Pakhtunkhwa, coupled with regional geopolitical tensions involving Saudi Arabia, the Houthis, the United States and Iran, prompted investors to reduce their equity exposure. The KSE-100 Index plunged by 1,964.87 points, or 1.18%, to close at 165,124.41 points. Internationally, Asian equities fell sharply on Tuesday led ​by technology shares as a widening conflict in the Middle East kept oil prices elevated, supporting the dollar ‌ahead of an earnings season that will set the tone for the rest of the year. Energy prices are back driving global markets as investors weigh the geopolitical developments in the Middle East and Russia-Ukraine, with Brent crude futures at $105.9 per barrel, near a two-week high. In stocks, MSCI’s broadest index of Asia-Pacific shares outside Japan fell ​2% in early trading, with tech-heavy South Korea’s KOSPI sliding 6%. Japan’s Nikkei sank 2.6% after returning from a holiday. Overnight, the tech-heavy ​Nasdaq fell 0.5%, dragged by chipmakers as investors fret about the durability of the rally in AI stocks amid higher competition ​between the US and China. The cautious sentiment helped keep the US dollar near an 18-month high. The euro last bought $1.1157, while the Japanese yen was at 158.50 per US dollar. Investors’ attention will be on the slew of US bank earnings this week to get a gauge on the impact of the recent surge in Treasury yields on dealmaking, lending growth and funding costs ​across the industry. A toxic mix of ​inflationary pressure from elevated energy ⁠prices and worries about ballooning government debt have triggered several bouts of bond selloffs in recent weeks, pushing borrowing costs to multi-decade highs across the globe. Four of the six largest US lenders, JPMorgan ​Chase, Goldman Sachs, Citigroup and Wells Fargo will report results later in the day. Meanwhile, the Pakistani rupee extended its marginal gains against the US dollar in the inter-bank market on Tuesday. The local unit closed the day at 276.96, a gain of Re0.01 against the greenback. Volume on the all-share index increased to 383.75 million from 362.95 million recorded in the previous close. The value of shares declined to Rs13.10 billion from Rs14.51 billion in the previous session. LSE Financial(R) was the volume leader with 32.28 million shares, followed by Waves Home App with 21.85 million shares, and WorldCall Telecom with 19.53 million shares. Shares of 500 companies were traded on Tuesday, of which 223 registered an increase, 226 recorded a fall, and 51 remained unchanged. [...]

India's benchmark bond breaks 4-day falling streak as value investors return
October 13, 2026 12:07
India's benchmark bond breaks 4-day falling streak as value investors return

MUMBAI: Indian government bonds snapped a four-session falling streak on Tuesday, after the yield rising to a three-year high attracted investors back to the market. A policy rate hike and liquidity withdrawal by the central bank had pushed the benchmark bond yield up by 20 basis points over four sessions. The 6.94% 2036 bond ended at 7.3655% against 7.3857% in the previous session. The rupee outperformed its regional peers and ended 0.5% up against the dollar at 95.28, boosted by new central bank measures to alleviate pressure on the Asian currency and likely spot market intervention that magnified their impact. “The base case is that the 10-year bond yield has provided support in the 7.40% ranges, however, any further OMO (open market operation) sale could push the 10-year benchmark yield towards the 7.60–7.65% range,” said Harsimran Sahni, associate director and head of treasury at Anand Rathi Global Finance. India’s state borrowing costs spike to over six-year high as demand fades The RBI raised its key policy rate by 25 basis points last week and changed its policy stance, hinting at more hikes in coming months. The central bank has also announced currency market measures that cloud the outlook for banking system liquidity and impact banks’ treasury operations. Bets of a December rate increase have hardened after consumer inflation accelerated to 5.54% in September, while the benchmark Brent crude contract held above the $105 per barrel mark. Bond gains were curbed by hefty supply. Indian states raised over 300 billion rupees through bonds while the Reserve Bank of India sold notes worth 250 billion rupees through an open market operation. New Delhi is sue to sell benchmark note worth 340 billion rupees on Friday. Traders awaited US inflation data due on Wednesday for cues on the Federal Reserve’s moves. RATES Overnight indexed swap rates eased, tracking bond yields and a pullback in US Treasury yields. The one-year OIS rate ended at 6.3350%, while the two-year rate closed at 6.5150%, and the most liquid five-year rate settled lower at 6.74%. [...]

Sri Lankan shares dip as communications, financial stocks weigh
October 13, 2026 11:57
Sri Lankan shares dip as communications, financial stocks weigh

Sri Lankan shares closed lower on Tuesday, dragged down by communications and financial stocks. The CSE All-Share index settled 0.9% lower at 20,077.48 points. Dialog Axiata and Commercial Bank of Ceylon were the biggest drag on the index, down 1.8% and 0.63%, respectively. Trading volume on the index rose to 78.9 million shares from 46.6 million shares in the previous session. The equity market’s turnover dipped to 1.15 billion Sri Lankan rupees ($3.47 million) from 1.19 billion rupees in the previous session, according to exchange data. Foreign investors were net buyers, purchasing stocks worth 34.1 million rupees, while domestic investors were net sellers, offloading shares worth 1.14 billion rupees, the data showed. [...]

India's Adani Enterprises eyes $210 mln fundraise via rupee debt, bankers say
October 13, 2026 11:54
India's Adani Enterprises eyes $210 mln fundraise via rupee debt, bankers say

MUMBAI: The flagship firm of India’s Adani group, Adani Enterprises, plans to raise around 20 billion rupees ($210 million) through the sale of short-duration bonds, two merchant bankers directly aware of the transaction said on Tuesday. “The company would look for an issuance of below five-year maturity, and may aim to complete the sale within this quarter,” one of the bankers said. The funds are being raised for general corporate purposes, the bankers said, adding that the details are yet to be finalised. The bankers requested anonymity as they are not authorised to speak to the media. The company did not reply to a Reuters email seeking comment. India regulator presses ahead against Hindenburg, others in Adani case, sources say The fundraise comes after CareEdge Ratings last week upgraded the firm’s long-term rating by one notch to AA from AA-, reflecting the strengthened financial risk profile of the firm. At the start of 2026, the company had raised 10 billion rupees, which was its third public issue of debt, after tapping that route first in September 2024 and later in July 2025. The company last tapped private corporate debt in October 2025, when it raised 10 billion rupees through the sale of bonds maturing in two years and six months at a semi-annual coupon of 8.70%. [...]

India's state borrowing costs spike to over six-year high as demand fades
October 13, 2026 11:50
India's state borrowing costs spike to over six-year high as demand fades

MUMBAI: Borrowing costs for the most liquid part of India’s state government bond curve breached the 8% handle for the first time in over six years on Tuesday, according to traders, tracking a sharp spike in central government yields and weakening investor appetite. Indian states raised over 300 billion rupees ($3.15 billion) through a sale of bonds, of which 9- to 10-year state bonds were sold in the 8.03%-8.10% range. This is the first time since April 2020 that yields on state government bonds with a 10-year maturity have broken 8%. Yields on other ultra-long papers were between 8.14% and 8.21%. “The rise in state debt yields reflects a combination of elevated crude oil prices, tighter liquidity conditions, and open market sales,” said Harsimran Sahni, associate director and head of treasury at Anand Rathi Global Finance. Last week, states raised funds through 9- to 10-year bonds in the 7.91%-7.93% band. The benchmark 10-year 6.94% 2036 bond yield was at 7.36% on Tuesday, up from 7.19% last week. India bonds rise as investors see value after 10-year yield nears 7.40% The yield spread of 10-year state bonds over central government bonds has compressed from around 75 basis points to about 65 bps in the last two months, and “we expect it to remain in the 55-70 bps range in the near term,” Sahni added. Indian states aim to raise over 3.6 trillion rupees through bonds this quarter, after raising 5 trillion rupees in the first half of the fiscal. [...]

SE Fruits and Vegetable to refile IPO application with additional disclosures
October 13, 2026 11:06
SE Fruits and Vegetable to refile IPO application with additional disclosures

SE Fruits and Vegetable Limited will withdraw its existing initial public offering (IPO) application and submit a fresh one with additional disclosures about the transition of its underlying business from a partnership to a public limited company, the company said on Tuesday. “The Board of Directors of SE Fruits and Vegetable Limited has decided to withdraw the Company’s current IPO application and submit a fresh application after incorporating additional disclosures into the prospectus,” the company said in a statement. “The additional disclosures will provide further information regarding the transition of the underlying business from a partnership organisation, operating since 1998, to the newly incorporated Public Limited Company in 2026,” it added. Sources familiar with the matter said the application was being withdrawn after concerns emerged over disclosures that had not been adequately included in the IPO documents. The omissions came to the attention of regulators, prompting the company to resubmit its application with the required information, the sources told Business Recorder. “The Board considers the resubmission to be in the interests of transparency, regulatory compliance, investor protection and informed investment decision-making,” SE Fruits said, adding that it remained committed to accessing Pakistan’s capital markets. “The withdrawal is a procedural step and does not represent an abandonment of the company’s IPO plans. SE Fruits remains committed to accessing Pakistan’s capital markets and intends to reapply after completing the revised prospectus and applicable regulatory process,” it said. SE Fruits, Vegs secures SECP approval for IPO SE Fruits and Vegetables Limited, formerly known as Shaheen Enterprises, is a Punjab-based horticulture exporter specialising in mangoes, citrus (kinnow), and potatoes, along with other agricultural produce. As of FY2026, SE Fruits and Vegetables reported a topline of approximately $7.6 million and export revenue of about $4 million. Its net revenue for FY2026 was Rs2.133 billion, with a profit after tax of Rs303.8 million, and it has been debt-free since FY2024. The company held less than a 2% market share in national fruit and vegetable exports in FY2026. In 2026, SE Fruits and Vegetables became the first fresh fruit and vegetable company to prepare for listing on the Pakistan Stock Exchange (PSX) through an Initial Public Offering (IPO). The IPO aims to raise between Rs1.2 billion and Rs1.92 billion to fund working capital, expand processing and export operations, establish international offices in the UAE and Uzbekistan, and invest in enterprise resource planning, asset-tracking systems, and solar energy. [...]

Copper edges up on mine supply disruption, tight stocks
October 13, 2026 11:02
Copper edges up on mine supply disruption, tight stocks

Copper prices rose for a third straight session on Tuesday as persistent concerns over a supply shortage kept the metal within striking distance of an all-time peak. Benchmark three-month copper on the London Metal Exchange was up 0.1% at $14,636.50 a metric ton as of 0915 GMT, close to the record $14,875 seen last month. Supply concerns remained in focus after Chile’s Codelco partially suspended operations at its El Teniente mine following a landslide, while Antofagasta’s Centinela copper mine and two unions were set to resume talks as a strike continued. “Copper continues to benefit from physical-market tightness and declining exchange inventories, helping it withstand the firm dollar better than the wider complex,” Sucden Financial said in a note. A stronger greenback makes dollar-denominated metals more expensive for holders of other currencies. The dollar took a breather on Tuesday but hovered near an 18-month high. All reported copper mine disruptions for 2025-26 — including at Indonesia’s Grasberg mine and Kamoa-Kakula in the Democratic Republic of Congo — amount to 350,000-400,000 tons per year of contained copper, which equates to only 30%-50% of published disruption allowances, Panmure Liberum said. “Therefore, the dominant price driver is probably speculative/financial,” the bank added in a note. A disruption allowance is a percentage of mine production that analysts assume will be lost due to unplanned events in a given year. LME copper stocks declined by 1,625 tons to 232,275 tons, leaving inventories outside the US tight. The cash LME copper contract was trading at a $181.50 premium to the three-month forward, indicating scarce near-term availability. Aluminium fell 0.6% to $3,035.50 per ton, close to the eight-month low it touched on Monday. Some easing in passage restrictions in the Strait of Hormuz has reconnected Gulf smelters to the world, taking aluminium prices down, Panmure Liberum said. New supply from Indonesia is also ramping up, with exports topping 150,000 tons in August. Zinc lost 0.4% to $3,741.50, lead rose 0.6% to $1,894.50, nickel was flat at $15,620 and tin eased 0.2% to $53,000. [...]

Palm climbs to two-week high as El Niño supply fears outweigh stocks
October 13, 2026 10:53
Palm climbs to two-week high as El Niño supply fears outweigh stocks

KUALA LUMPUR: Malaysian palm oil futures reversed earlier losses to hit a more than two-week high on Tuesday, as concerns over tighter supplies next year — due to El Niño and growing biodiesel demand — outweighed pressure from currently high stockpiles. The benchmark palm oil contract for December delivery on the Bursa Malaysia Derivatives Exchange rose 45 ringgit, or 0.97%, to 4,682 ringgit ($1,146.43) a metric ton, the highest closing price since September 24. The bearish September stocks are already reflected in the market as it had already weakened before and after the release of the Malaysian Palm Oil Board’s data, said Cheang Kang Wei, agricultural commodities analyst at the Singapore-based StoneX brokerage. Malaysia’s palm oil stockpiles in September surged to 3.51 million metric tons as production hit an all-time high, surpassing market expectations and reaching unprecedented levels. However, Cheang said that the key question now is whether stocks can continue rising in October, noting that inventories could still remain elevated, but the pace of the build should start slowing. Stock growth should begin moderating by November if exports hold above 1.5 million tons while production stabilises around 2.0 million tons, Cheang added. But if demand disappoints while production remains near record levels, stocks could stay above 3.5 million tons for longer and continue weighing on prices. “The market is also increasingly looking beyond the current inventory situation and focusing on potential supply risks in 2027, including the lagged impact of El Niño and Indonesia’s growing biodiesel demand under B50,” he said. Cargo surveyors estimated that exports of Malaysian palm oil products for October 1-10 rose between 33.5% and 37.7% from a month earlier. Oil prices fell as traders assessed supply risks from attacks on Saudi Arabia while weighing the prospect of additional diesel supplies from Russia. Weaker crude oil futures make palm a less attractive option for biodiesel feedstock. Dalian’s most-active soyoil contract fell 0.65%, while its palm oil contract shed 0.77%. Soyoil prices on the Chicago Board of Trade were up 0.55%. Palm oil tracks the price movements of rival edible oils, as it competes for a share of the global vegetable oils market. [...]

India's ICICI Life posts key quarterly margin below estimates, shares slide
October 13, 2026 10:49
India's ICICI Life posts key quarterly margin below estimates, shares slide

BENGALURU: India’s ICICI Life Insurance reported new business margins below expectations on Tuesday, sending shares sliding 3%, while second-quarter profit jumped 25% year-on-year. Its value of new business (VNB), which measures the expected profit from new policies sold, rose 24.7% on-quarter to 7.12 billion rupees. However, its VNB margin fell to 25.4% from 26.7% in the previous quarter, according to a Reuters calculation, with the shift towards higher-margin insurance products to help offset pressure from the loss of tax benefits not occurring as expected. Instead, the company’s share of higher-margin protection policies fell sequentially, while that of market-linked policies rose. At least five brokerages, including Systematix and Elara, had expected VNB margin between 25.5% and 26.5%. Prudential to sell 2% stake in ICICI Prudential AMC worth about $333 million Analysts expect the life insurance sector’s growth to moderate for the rest of fiscal 2027, following a surge in policy sales after the Indian government cut consumption taxes on individual life insurance premiums late last year. Growth focus ICICI Life, the first major Indian life insurer to report September-quarter results, had shifted its focus towards growth over the past few quarters after prioritising margin expansion. The company’s profit grew to 3.74 billion rupees ($39.28 million) from 2.99 billion rupees a year earlier. Its net premium income rose 16.6% to 138.04 billion rupees in the September quarter. Annualised premium equivalent (APE) sales, a key measure of new business, rose 15.6% to 27.99 billion rupees, according to a Reuters calculation. This compared with 14.6% growth in the previous quarter and a 3% decline a year earlier. Peer HDFC Life will report its September-quarter results on Thursday. Earlier this month, ICICI Life announced the appointment of Sidharatha Mishra as managing director and CEO, effective Wednesday, following Anup Bagchi’s resignation to take over as HDFC Bank CEO. [...]

PM Shehbaz briefs allied parties on KP situation, defends 'constitutional measures'
October 13, 2026 5:20
PM Shehbaz briefs allied parties on KP situation, defends 'constitutional measures'

Prime Minister Shehbaz Sharif on Tuesday briefed a parliamentary delegation of allied political parties on the situation in Khyber Pakhtunkhwa (KP), saying constitutional measures were taken after consultations within the federal cabinet to address security concerns and safeguard economic stability. According to a press release issued by the Prime Minister’s Office, Shehbaz said a non-partisan technocratic advisory council had been established to assist the governor in improving law and order, strengthening the economy and eliminating terrorism in the province. The prime minister said the conduct of the Pakistan Tehreek-e-Insaf (PTI)-led provincial government and its failure to adopt an unequivocal stance against terrorism had posed risks to Pakistan’s growing economy. He said the federal cabinet had decided, through mutual consultation, to take constitutional measures under Articles 232 and 234 of the Constitution. Shehbaz alleged that the KP government had neither clearly condemned terrorism nor taken decisive action against terrorists. He said members of the armed forces, security agencies and police had sacrificed their lives over the past several years to protect the country and maintain peace in the province. The prime minister further criticised the PTI and its provincial government, saying that over the past 13 years they had failed to deliver adequate public welfare and ensure the safety of citizens’ lives and property. He said the federal government had provided more than Rs800 billion to KP under the National Finance Commission (NFC) framework to support efforts to eliminate terrorism. However, he alleged, the provincial government had failed to take effective measures to strengthen the Counter Terrorism Department (CTD) and establish Safe City projects. The parliamentary delegation included representatives of the Balochistan Awami Party (BAP), Pakistan Muslim League-Quaid (PML-Q), Istehkam-e-Pakistan Party (IPP) and Pakistan Muslim League-Zia (PML-Z). The delegation assured the prime minister that allied parties stood with the federal government in the current situation and praised his leadership for guiding the country through difficult circumstances. The delegation also said KP’s residents had been deprived of development in health, education and infrastructure during the PTI’s 13-year rule. It expressed confidence that, with federal government support, the province would join the country’s broader path towards development and prosperity. Deputy Prime Minister and Foreign Minister Ishaq Dar, Defence Minister Khawaja Asif, Law and Justice Minister Azam Nazeer Tarar, Parliamentary Affairs Minister Tariq Fazal Chaudhry, and the prime minister’s adviser on political affairs and inter-provincial coordination, Rana Sanaullah, also attended the meeting. [...]

Rupee registers gain against US dollar
October 13, 2026 5:14
Rupee registers gain against US dollar

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The local unit closed the day at 276.96, a gain of Re0.01 against the greenback. On Monday, the Pakistani rupee settled at 276.97 against the dollar. Pakistan’s inflation rate is projected to rise to 9.9% in 2027, while economic growth is expected to ease to 3.5%, according to data released by the International Monetary Fund’s (IMF) World Economic Outlook (WEO) released on Tuesday. The IMF data showed inflation at 7.1% in 2026, up from 4.5% in 2025. Pakistan’s gross domestic product (GDP) growth is projected at 3.6% in 2026, compared with 3.2% in 2025, before moderating to 3.5% in 2027. Globally, the US dollar held its ground at the start of Asian trading on Tuesday after a holiday for some markets in the US, as ​geopolitical risks rose after renewed attacks on energy infrastructure in the Middle ‌East and Ukraine. The US dollar index, which measures the greenback’s strength against a basket of six currencies, was at 102.56 in subdued Asian trading after closing up 0.3% on Monday. The currency is ​hovering around its highest levels since April last year. The ​euro was flat at $1.1159 on Tuesday, while the British pound was also steady at $1.3209. Against ​the yen, the US dollar was 0.1% weaker at 158.435 yen after the release of data from ‌the ⁠Bank of Japan, which showed wholesale prices rose 6.8% in the year to September, falling short of the median market forecast for a 7.6% annual increase. The Chinese yuan traded near its strongest levels in four years, holding steady against the US dollar at 6.6950 yuan ​in offshore trade. Oil prices, a key indicator of currency parity, eased on Tuesday as hopes the US-Russia diesel deal could free up more supplies from ‌Moscow offset attacks in Saudi Arabia and Yemen that could result in additional supply disruptions. Brent futures were down 67 cents, or 0.6%, at $105.98 per barrel at 10:20am EDT (1420 GMT), while US West Texas Intermediate crude futures held steady at $93.74. Inter-bank market rates for dollar on Tuesday BID Rs 276.96 OFFER Rs 277.16 Open-market movement In the open market, the PKR lost 7 paise for buying and gained 17 paise for selling against USD, closing at 277.55 and 278.66, respectively. Against Euro, the PKR gained 67 paise for buying and 81 paise for selling, closing at 309.44 and 312.29, respectively. Against UAE Dirham, the PKR remained unchanged for buying and lost 3 paise for selling, closing at 75.53 and 76.15, respectively. Against Saudi Riyal, the PKR gained 2 paise for buying and remained unchanged for selling, closing at 73.81 and 74.40, respectively. Open-market rates for dollar on Tuesday BID Rs 277.55 OFFER Rs 278.66 [...]

Pakistan car sales rise 43% in Q1 FY2026-27
October 13, 2026 4:56
Pakistan car sales rise 43% in Q1 FY2026-27

Car sales in Pakistan rose 43% year-on-year in the first quarter of FY2026-27, with analysts attributing the hike to an improving macroeconomic environment that boosted vehicle demand. Car sales surged by 43% to 41,872 units, while sales of jeeps and pickups decreased by 34% to 8,608 units in July-September 2026. Sales of trucks increased by 53% to 2,516 units. However, sales of buses went down 5% to 211 units. Moreover, sales of farm tractors also went up by 38% to 4,109 units. Sales of two- and three-wheelers, including motorbikes and rickshaws, increased by 28% to 553,994 units, according to Pakistan Automotive Manufacturers Association (PAMA) data released on Tuesday evening. Car sales declined by nearly 10% from 12,126 units in September 2025 to 10,939 units in September 2026. Speaking about automotive production and sales figures during the first quarter of FY27, PAMA director general Razi-ur-Rahman said in a statement, “This renewed sales momentum is on the back of easing of inflationary pressures and an improving macroeconomic environment. During the first quarter of FY27, the industry has experienced varying trajectories across segments.” “While overall industry volumes are steadily recovering, there is perceptible hesitation on part of the players in the market. The Original Equipment Manufacturers (OEMs) as well as the buyers are hesitant to take investment decisions. The lack of clarity about the auto policy continues to dominate the market sentiment,” he said. [...]

What’s up with McDonald’s latest ad campaign in Pakistan?
October 13, 2026 3:39
What’s up with McDonald’s latest ad campaign in Pakistan?

The giant billboards as part of McDonald’s latest ad campaign featuring host/actor/comedian Tabish Hashmi front and centre showing how the fast food giant uses local ingredients and contributes billions to Pakistan’s economy had me thinking: what’s up with that? McDonald’s Pakistan is making a concerted pitch about its local roots. Is it simply celebrating 28 years in the country, or is there a bigger reason the brand wants consumers to look beyond the burgers? And could the boycott have something to do with it? The brand wants customers to think about the farmers growing its potatoes and fresh greens, the poultry and dairy partners supplying ingredients, and the network of local businesses that help keep its restaurants running. It is an interesting shift in emphasis. Rather than simply selling the familiar appeal of burgers, fries and Happy Meals, McDonald’s is selling a bigger story: that buying from the brand also supports Pakistani businesses, workers and communities. And it has numbers to back up that argument. The economic contribution pitch According to an Oxford Economics study highlighted on McDonald’s Pakistan’s Shana Bashana campaign page, the company contributed Rs22.6 billion to Pakistan’s gross domestic product (GDP) and supported an estimated 13,900 jobs. Between July 2024 and June 2025, it spent Rs15.1 billion with Pakistan-based suppliers, representing 91% of its total supplier spend. The company also reports Rs5.9 billion in sustained tax contributions. Its local network includes 55 vendors, covering 29 food suppliers and 26 non-food partners. The local sourcing message is particularly important. McDonald’s is pointing out that its fries do not simply arrive from some distant global supply chain: Pakistani agricultural partners help grow the potatoes used in them. Its campaign also highlights locally sourced greens, poultry and dairy. There is a distinction worth making, however. The 91% figure refers to spending with Pakistan-based suppliers, not to 91% of all ingredients being locally produced. Still, the figures offer a substantive case for the brand’s economic footprint. Is the boycott behind the campaign? McDonald’s has faced boycott calls in Pakistan and other Muslim-majority markets. Images of Israel Defense Forces (IDF) soldiers receiving McDonald’s meals became a major source of controversy. The global company subsequently faced reputational pressure across several markets. Pakistan was no exception. A 2024 news report cited market sources who said McDonald’s and other international fast-food brands had experienced noticeable business declines amid boycott-related consumer sentiment. A 2025 news report also described significant initial sales pressure on McDonald’s and KFC, with some franchises reportedly seeing sales fall by as much as 40%. That is evidence that the boycott had a real commercial impact at the time. It is not evidence that McDonald’s Pakistan is currently experiencing falling sales, though. The company has not publicly provided current local sales figures that would establish whether its business is still suffering. So, is the new campaign an attempt to win customers back? It is a plausible interpretation. If consumers increasingly associate an international brand with a political controversy, reminding them that its local operations support Pakistani farmers and workers offers an alternative way to think about the business. It also gives customers a different consideration: boycotting the brand may affect not only the franchise operator but also local suppliers and employees who depend on its business. That does not settle the ethical debate, but it changes the terms of the conversation. Why emphasise local ingredients now? The local sourcing message may also be a response to a broader change in consumer sentiment. The boycott encouraged some Pakistanis to explore domestic alternatives, from soft drinks to fast food. For an international chain, demonstrating local roots could help counter the perception that choosing a Pakistani alternative is necessarily the more patriotic decision. McDonald’s is effectively arguing that a global brand and a local economic footprint are not mutually exclusive. Its restaurants are locally operated, and its supply chain includes Pakistani businesses. The campaign asks consumers to see those connections as part of the value of the brand. There is also a straightforward marketing explanation. Marking 28 years in Pakistan provides a natural occasion to celebrate suppliers and highlight economic impact. The campaign may be intended to strengthen brand affinity, distinguish McDonald’s from competitors and remind customers why the chain has remained part of the market for nearly three decades. These explanations are not mutually exclusive. A campaign can celebrate genuine local partnerships while also trying to repair a brand’s image and encourage customers to return. The competition is no longer just the other global chains There is another factor McDonald’s cannot ignore: Pakistan has developed a much more diverse fast-food market, with local burger businesses offering compelling alternatives. Home-grown chains have helped build a market where consumers have more choices than the familiar international franchises. Independent burger joints and newer local operators can compete through distinctive flavours, generous portions, localised menus, pricing and delivery offers. Reporting during the boycott also documented consumers shifting towards local food businesses. This is not necessarily a story of local brands replacing McDonald’s outright. Global chains retain advantages in brand recognition, consistency, established supply chains and promotions. But the local competition gives customers more reasons to experiment — and more alternatives if they decide not to visit McDonald’s. The result is a tougher question for the brand: what makes it worth choosing over a Pakistani competitor? Its answer appears to be a combination of familiarity, product consistency and now, a stronger story about its contribution to the country. A new story for an old favourite Still, the timing invites speculation. The boycott may have weakened some consumers’ attachment to the brand, while a stronger local fast-food sector has given them more alternatives. Both could make it more important for McDonald’s to demonstrate why it belongs in Pakistan. What is clear is that McDonald’s wants customers to see more than a global logo: it wants them to see Pakistani farmers, suppliers, employees and businesses behind the meal. Whether that is enough to win back customers who have moved on — for political reasons, better local options or simply changing tastes — remains to be seen. [...]

Textile body urges PM to retain export facilitation scheme for yarns, fabrics
October 13, 2026 3:11
Textile body urges PM to retain export facilitation scheme for yarns, fabrics

The Pakistan Textile Council (PTC) has urged Prime Minister Shehbaz Sharif to retain the Export Facilitation Scheme (EFS) for all legitimate export inputs and reject further exclusions of yarns and fabrics, warning that such restrictions could undermine Pakistan’s value-added textile exports. In a letter to the prime minister, PTC Chairman Fawad Anwar opposed demands to exclude all yarns and fabrics falling under Chapters 52 and 55 of the Pakistan Customs Tariff from the scheme. The council also sent copies of the letter to the Federal Board of Revenue (FBR) chairman and the secretary of commerce. The council appreciated the government’s efforts to curb misdeclaration and misuse of the EFS but said further exclusions would hurt exporters supplying international markets. “Accepting these demands would cause serious and lasting harm to Pakistan’s value-added exports,” Anwar said in the letter. The PTC noted that the government had already removed raw cotton, cotton yarn and grey cloth from the scheme in 2025 through SRO 1359(I)/2025. It said the latest demands contradicted the understanding reached during earlier consultations that no further exclusions would be sought. Highlighting shifts in global textile demand, the council cited Textile Exchange’s Materials Market Report 2025, which found that synthetic fibres accounted for 69 percent of global fibre production in 2024, while cotton’s share stood at 19 percent. Man-made fibre (MMF)-based products account for around 63 percent of global textile and apparel trade, compared with approximately 12 percent of Pakistan’s textile and apparel exports, according to the PTC. The council said competing countries were expanding their presence in the segment, noting that Bangladesh aimed to increase the share of MMF in its apparel exports from around 24 percent to 40 percent by 2030. Pakistan has almost no domestic viscose or lyocell fibre production, while its polyester value chain faces cost and scale disadvantages compared with Chinese and Association of Southeast Asian Nations (ASEAN) producers, the letter stated. As a result, value-added exporters depend on imported MMF yarns and fabrics, many of which are specified by international buyers, to secure and fulfil orders. The PTC warned that the 2025 exclusions had already forced exporters to pay taxes upfront on affected inputs, increasing liquidity pressures and production costs. Further restrictions on yarns and fabrics under Chapters 52 and 55 could raise input costs, tie up working capital and discourage investment in value-added and MMF-based production capacity. The council also cautioned that the proposed exclusions could weaken international buyers’ confidence in Pakistan as a reliable sourcing destination. On concerns about misuse of the scheme, the PTC backed strict action against misdeclaration, under-invoicing and diversion of imports into the domestic market. It said the FBR and Pakistan Customs had the legal powers, systems and personnel to identify and prosecute offenders, adding that recent detections demonstrated the effectiveness of enforcement measures. “The misuse of a few cannot justify penalising genuine exporters or dismantling a scheme that is central to export competitiveness,” Anwar said. The council urged the prime minister to ensure that the EFS remained available for all legitimate export inputs, with no further exclusions of yarns and fabrics under Chapters 52 and 55. It also called for stronger enforcement through input-output coefficient audits, reconciliation of scheme imports with export documents, risk-based examinations and strict penalties for offenders. Instead of taxing imported inputs, the PTC proposed addressing concerns of domestic suppliers by restoring zero-rating on local supplies of inputs to EFS users. The council said textiles and apparel remained Pakistan’s largest export sector and that its growth depended on competitive access to the inputs demanded by global markets. It reaffirmed its willingness to work with the government to prevent misuse while protecting legitimate exporters and foreign exchange earnings. [...]

Prince William stops traffic outside Buckingham Palace for a game of cricket
October 13, 2026 1:57
Prince William stops traffic outside Buckingham Palace for a game of cricket

LONDON: Britain’s Prince William turned one of London’s most famous thoroughfares, The Mall leading to Buckingham Palace, into a temporary cricket pitch on Tuesday, where he was joined by some of the game’s biggest names to promote his Earthshot climate prize. The wide red-paved promenade in the heart of the city is more often seen as the setting for grand royal processions and patriotic flag-waving celebrations. But on Tuesday, William picked up a cricket bat for an informal game with current and former international players including ex-Indian captain Sourav Ganguly, West Indies legend Brian Lara and England captain Joe Root. Against the palatial backdrop, William - dressed in a shirt and sweater - clubbed away a series of gentle deliveries from Ganguly and posed for selfies with onlookers. “He batted alright,” said Ganguly when asked for his verdict on the prince’s skills. The event was designed to celebrate the ties between Britain and India - two passionate cricketing nations - as India prepares to host the annual summit and awards ceremony of William’s Earthshot Prize next month. The prize, founded in 2020, honours five winners with £1 million ($1.32 million) each to scale solutions aimed at repairing the planet. [...]

Saudi-led coalition orders evacuation of Yemen oil facility in Sanaa ahead of operation
October 13, 2026 1:53
Saudi-led coalition orders evacuation of Yemen oil facility in Sanaa ahead of operation

A Saudi-led coalition urged civilians on Tuesday to evacuate the Yemen Oil Company’s Sabah central station in the capital Sanaa ahead of a planned military operation. A statement from the coalition’s joint forces command identified the site on a map and said civilians should leave the area for their own safety. A spokesperson for Yemen’s Houthis, Yahya Saree, warned that any strikes on Sanaa would be met with a “harsh and painful” response in the Saudi capital Riyadh. Houthis also warned employees and civilians near Saudi Aramco oil facilities to evacuate and stay away, saying the facilities were legitimate targets for their forces. Houthis claim attack targeting Riyadh airport with ballistic missile Fighting has escalated between the Saudi-led coalition and the Houthis, who have been attacking Saudi airports and oil facilities since last week in a spillover from the wider regional conflagration between the US and Iran. Saudi Arabia has in recent weeks launched strikes against the Houthis and is backing a Yemeni government counteroffensive after the group seized strategic territory along the Red Sea coast last month. The conflict has disrupted air travel in Saudi Arabia, with Riyadh airport remaining closed after a deadly missile strike on Saturday claimed by the Houthis. [...]

FM Aurangzeb vows continued reforms under IMF programme
October 13, 2026 1:49
FM Aurangzeb vows continued reforms under IMF programme

Finance Minister Muhammad Aurangzeb reaffirmed on Tuesday Pakistan’s ownership of taxation, energy, state-owned enterprise (SOE) and pension reforms under the IMF-supported programme, stressing that sustained implementation was essential to achieve lasting economic growth and public welfare. The development came as the minister highlighted debt management and fiscal reforms at a panel on Mitigating Sovereign Risks in Market-Access Countries on the sidelines of the World Bank Group–IMF Annual Meetings 2026 in Bangkok, Thailand, according to a Finance Division statement. “The Finance minister reaffirmed national ownership of taxation, energy, state-owned enterprises and pension reforms under the IMF-supported programme. He stressed the sustained reform implementation to translate macroeconomic stability into sustainable growth and public welfare,” the statement read. The minister further highlighted Pakistan’s progress in fiscal consolidation, reducing inflation and rebuilding foreign exchange reserves. “He emphasised revenue mobilisation, tax administration reforms, expenditure restraint and privatisation to strengthen economic resilience,” the statement read. Aurangzeb outlined debt management measures to lower financing costs, extend maturities and reduce rollover risks. He noted that renewed market access supports a strategy to improve the external debt profile without increasing the overall size. Finance minister discusses Mashreq Bank’s expansion Federal minister Aurangzeb also met with Mashreq Bank’s senior management to discuss its expanding presence in Pakistan, a separate Finance Division statement said. The minister highlighted macroeconomic gains and renewed market access, reaffirming support for Mashreq’s expansion and sustainable growth. He reviewed digital banking growth and opportunities to advance financial inclusion through technology and microfinance. “Discussion also covered expanding offshore service operations, drawing on Pakistan’s skilled workforce. The meeting explored digital accounts for overseas Pakistanis, foreign-currency products and wider outreach across the GCC.” the statement read. He also discussed collaboration on tokenisation, blockchain, and digital assets within Pakistan’s evolving regulatory framework. He reviewed potential support for Sukuk, further Panda bond issuance and innovative financing under Pakistan’s medium-term debt strategy. [...]

Saudi rebound lifts most Gulf bourses as markets weigh regional risks
October 13, 2026 1:40
Saudi rebound lifts most Gulf bourses as markets weigh regional risks

Most Gulf bourses closed higher on Tuesday, with Saudi Arabia’s benchmark index snapping a four-session losing streak, even as the kingdom extended the closure of Riyadh’s King Khalid International Airport until Saturday. A spokesperson for the Saudi-led coalition said on Tuesday that civilians would soon be warned to evacuate a site in Yemen’s Sanaa ahead of a special operation. The Saudi index rose 0.3%, helped by a 1.8% gain in Saudi National Bank, the country’s biggest lender by assets. That recovered part of the bank’s 1.2% drop on Monday. Elsewhere, Dubai’s main share index gained 0.4%, while the Abu Dhabi index rose 0.3%. GCC markets traded in a tight range on Tuesday as investors weighed rising regional risks. The lack of clarity on US-Iran talks and continued disruptions in the Strait of Hormuz kept sentiment cautious, although de-escalation efforts helped prevent a deeper sell-off, said Daniel Takieddine, co-founder and CEO, Sky Links Capital Group. In Qatar, the index added 0.2%, building on a rebound after hitting its lowest level in more than six years on Sunday. Airlines have cancelled flights after attacks by Yemen’s Iran-aligned Houthis emptied the skies over the Saudi capital. Qatar Airways said on Monday it had temporarily suspended flights to and from Riyadh and Dammam due to the situation. UAE presidential adviser Anwar Gargash said on Monday there was a pressing need to revive joint Gulf action, particularly on security and defence. He said targeting Saudi Arabia undermined the security of all Gulf states. Offering some reassurance on energy security, Energy Minister Prince Abdulaziz bin Salman said on Monday that Saudi Arabia wants to raise its pipeline crude export capacity to as much as 10 million barrels per day. The plan involves repurposing a domestic gas pipeline and investing in the existing East-West network, which carries crude to the Red Sea and avoids the Strait of Hormuz. Outside the Gulf, Egypt’s blue-chip index dropped 0.7%. Egypt’s current account deficit widened to $7.9 billion in the April–June 2026 quarter, compared with $2.2 billion in the corresponding quarter of the previous year, the central bank said on Monday. Saudi Arabia rose 0.3% to 10,318 Abu Dhabi gained 0.3% to 9,794 Dubai rose 0.4% to 5,859 Qatar was up 0.2% to 8,992 Egypt dropped 0.7% to 51,265 Bahrain finished flat at 1,883 Oman declined 1% to 7.728 Kuwait added 0.1% to 9,071 [...]

Trump says he does not believe China and Russia are helping Iran 'at all'
October 13, 2026 1:32
Trump says he does not believe China and Russia are helping Iran 'at all'

WASHINGTON: President Donald Trump said late on Monday he did not believe that China and Russia were helping Iran “at all,” adding that Moscow and Beijing had “too much to lose” if they enabled Tehran. Trump said on Truth Social that he had seen comments from his critics and opponents that China and Russia were helping Iran. “If they are, it’s at a very low level, but I don’t believe they are at all. They have too much to lose, and we would know about it, and know about it very fast,” Trump wrote. Trump said in July he trusted China and Russia not to help Tehran in the Iran war, but warned that if they did get involved “it would be very bad for them.” The United States and Iran have been at war since February 28, when ​the US and Israel attacked Iran and Tehran responded with its own strikes on Israel and Gulf states that host US bases. US-Israeli strikes on Iran and ​Israeli attacks on Lebanon have since killed thousands and displaced millions. Trump says US will not attack Iran before midterm elections in November Trump has previously described Chinese President Xi Jinping and Russian President Vladimir Putin as “neutral” during the Iran war. Iranian drone attacks on CIA facilities in the Gulf have prompted US intelligence analysts to investigate whether Russia provided targeting information or ​advanced drone technology. European foreign ministers pressed the case in a March meeting with US Secretary of State Marco Rubio. The Washington Post and the Wall Street Journal that month reported that Russia was providing Iran with targeting information. Moscow and Beijing maintain close ties with Tehran. Russia has said the Iran war could lead to a nuclear arms race in the Middle East. Beijing has condemned Washington’s attacks on Tehran as a brazen violation of Iran’s sovereignty. Last month, Trump warned Xi against providing support to Iran when the Chinese leader visited Washington, and received assurances that China would not do so, the US ambassador to China said at the time. Trump defends Russia diesel deal as lawmakers from both parties complain The warning came amid reports that China had supplied Iran with shoulder-fired ​air-defense missile launchers and that Tehran had found ways to evade sanctions on its oil sales with Chinese ​help. In September, Trump brushed aside a report that Iran acquired satellite images of a base in Jordan from Chinese entities before an attack that killed three US troops there in July. [...]

Influential Hindu group urges India to block Starlink amid Musk-Ambani feud
October 13, 2026 1:25
Influential Hindu group urges India to block Starlink amid Musk-Ambani feud

BENGALURU: An influential Hindu nationalist group close to India’s ruling party urged the government on Tuesday to block Elon Musk’s Starlink from launching satellite internet services in the country, citing national security concerns. Starlink’s four-year wait to launch in India has come under renewed scrutiny after Musk last week accused Prime Minister Narendra Modi’s government and billionaire Mukesh Ambani of stalling its entry to favour Ambani’s Reliance Jio. India’s communications ministry said last week that security assessments were under way for Starlink and rival satellite ventures backed by Reliance Jio and Bharti Airtel. It described suggestions the approval process was unfair or discriminatory as “baseless and misconceived”. The call for Starlink’s ban came from Swadeshi Jagran Manch (SJM), the economic wing of the Rashtriya Swayamsevak Sangh (RSS), the Hindu nationalist organisation that is the ideological parent of Modi’s ruling Bharatiya Janata Party. India rejects monopoly claim after Musk accuses Ambani of blocking Starlink launch SJM also linked its demand to trade tensions with the US. If Washington imposes high tariffs on Indian imports “in the name of national security, then India is certainly within its rights to block Starlink based on its genuine national security concerns,” national co-convenor Ashwani Mahajan said in a statement. Starlink’s technology could make it difficult for authorities to restrict internet services during security emergencies and ensure Indian internet traffic passes through domestic infrastructure, Mahajan added. SJM has influenced Indian policy in recent years, notably pushing for rules to protect small traders from US-owned e-commerce firms Amazon and Walmart’s Flipkart. SpaceX, Starlink’s parent company, did not immediately respond to a request for comment. Market with more than a billion internet users Starlink is seeking to launch in a country with more than a billion internet subscribers. Alongside Starlink, satellite ventures backed by Reliance Jio and Bharti are awaiting final clearances to begin services. Musk has repeatedly taunted Ambani on X, questioning why Starlink still lacked a licence despite what he said were years of compliance with Indian requirements. “Is Ambani the real boss of India?” he posted last week, as he accused the rival billionaire of stalling Starlink’s entry. [...]

Pakistan Army test-fires Fatah-2 extended-range hypersonic ballistic missile
October 13, 2026 1:22
Pakistan Army test-fires Fatah-2 extended-range hypersonic ballistic missile

Pakistan Army has successfully test-fired the extended-range version of its Fatah-2 hypersonic ballistic missile, the military’s media wing said on Tuesday. According to a statement issued by the Inter-Services Public Relations (ISPR), the weapon system is equipped with advanced navigation and state-of-the-art avionics, enabling it to engage targets with high precision. The ISPR said the missile’s unique trajectory and manoeuvrability features enable it to defeat enemy missile defence systems, while its extended range further enhances the army’s capability to engage targets deep inside enemy territory. The test was witnessed by the Commander of the Army Rocket Force Command, senior Pakistan Army officers, and scientists and engineers involved in the programme. The commander appreciated the dedication and technical expertise of the scientists and engineers, the statement added. President Asif Ali Zardari, Prime Minister Shehbaz Sharif, Chief of Army Staff and Chief of Defence Forces Field Marshal Asim Munir, and the services chiefs congratulated the scientists and engineers on the successful test launch. Separately, Interior Minister Mohsin Naqvi congratulated the nation on the test, describing it as a significant development in the country’s defence sector. He said Pakistan Army scientists and engineers had achieved a commendable feat. [...]

PM Shehbaz calls for more legal migration pathways for Pakistanis to Europe
October 13, 2026 1:15
PM Shehbaz calls for more legal migration pathways for Pakistanis to Europe

Prime Minister Shehbaz Sharif on Tuesday called for expanding legal migration opportunities for Pakistani skilled workers and professionals in Europe, saying such pathways could help meet European labour-market needs while protecting prospective migrants from smuggling networks. The prime minister made these remarks during a meeting with European Union Commissioner for Internal Affairs and Migration Magnus Brunner, who called on him in Islamabad during his first visit to Pakistan, the PM Office said. Highlighting Pakistan’s efforts to combat irregular migration, migrant smuggling and human trafficking through legislative reforms, stronger institutions, effective enforcement and international cooperation, Shehbaz emphasized: “Efforts to address irregular migration should be complemented by practical opportunities for safe, orderly, and regular migration.” The prime minister reaffirmed Pakistan’s commitment to strengthening its partnership with the European Union and cooperation across all pillars of the Pakistan-EU Strategic Engagement Plan 2019. Migration and mobility are among the plan’s eight pillars. Commissioner Brunner appreciated the measures taken by Pakistan and the cooperation extended by its government. He expressed confidence that these efforts would help expand legal migration pathways and promote mutually beneficial labour mobility between Pakistan and the European Union. Earlier, during a meeting with Interior Minister Mohsin Naqvi in Islamabad, European Commissioner Brunner praised Pakistan’s measures to combat illegal migration. Brunner said Pakistan’s effective measures have resulted in a commendable 64% reduction in illegal migration to Europe. He also commended the Federal Investigation Agency (FIA) for demonstrating professional capabilities despite limited resources. He said reducing illegal migration will open up pathways for legal migration. Naqvi said Pakistan has adopted a zero-tolerance policy against illegal migration. “Following a 64% reduction in illegal migration, our next target is to eliminate it completely,” he said. The minister stressed the need for Pakistan and the European Union to work together to completely eliminate illegal migration. During the meeting, the two sides discussed promoting legal migration between Pakistan and the European Union and expanding opportunities for skilled workers. Both sides agreed to enhance cooperation in border security and promote legal immigration. They also agreed to further strengthen collaboration in migration, institutional cooperation and border management. Around 7,900 people died or disappeared on migration routes in 2025, taking the total dead and missing since 2014 beyond 80,000, the United Nations’ migration agency said in a statement on April 21. The UN’s International Organization for Migration said people were being forced into dangerous, irregular journeys when safe pathways were out of reach, and urged countries to find the political will to save more lives on migration routes. The deaths or disappearance of around “7,900 people were documented on global migration routes worldwide in 2025”, the IOM said. The IOM’s Missing Migrants Project “has documented more than 80,000 deaths and disappearances during migration since 2014,” the agency said. “While these figures represent only the lowest boundary of the true number of affected people, they nonetheless underscore the need for urgent action to end migrant deaths and address the complex needs of families left behind,” said the IOM. [...]

Sohail Afridi’s brother approaches high court over ‘abduction’ of non-functional KP CM
October 13, 2026 12:17
Sohail Afridi’s brother approaches high court over ‘abduction’ of non-functional KP CM

A constitutional petition has been filed in the Peshawar High Court (PHC) seeking the immediate recovery of non-functional Khyber Pakhtunkhwa Chief Minister Sohail Afridi, whose brother alleges he was abducted from the Chief Minister’s House and is being held in illegal custody. The petition was filed by Muhammad Aamir, the non-functional KP chief minister’s brother, who urged the court to take immediate action, order Afridi’s recovery and direct authorities to produce him before the court, read a statement shared by Sohail Afridi’s Facebook page. The petitioner alleged that armed and masked men took away the elected chief minister in the presence of the Capital City Police Officer (CCPO) Peshawar. He said the alleged abduction and detention violated the Constitution, the law and fundamental human rights. The petition maintains that Afridi’s life and liberty are at serious risk and that his continued detention, along with the lack of information about his whereabouts, raises grave constitutional concerns. It cites Articles 4, 9, 10 and 14 of the Constitution. The petitioner has asked the court to direct the CCPO Peshawar to submit complete details of the alleged incident and the security arrangements in place at the time. He has also sought an explanation of his brother’s whereabouts, who is holding him and under what legal authority. The petition further seeks an independent and impartial investigation into the alleged abduction, the identification of those involved and action against them in accordance with the law. It also asks the court to order the immediate preservation of CCTV footage, security records and other evidence related to the incident, and direct police officials to submit a detailed report on steps taken to recover the chief minister. The petitioner has urged the high court to ensure Afridi’s safety, liberty and protection, warning that any delay in addressing the matter could endanger his life. He has requested that the petition be fixed for an urgent hearing. [...]

Afghan authorities suspend BBC radio broadcasts across country, broadcaster says
October 13, 2026 12:15
Afghan authorities suspend BBC radio broadcasts across country, broadcaster says

LONDON: Afghan authorities have suspended the BBC’s FM radio broadcasts across Afghanistan, the British broadcaster said on Tuesday, adding that it was working with them to resolve the situation. “Millions of people across Afghanistan rely on the BBC for accurate news and information and we are working with the authorities to address the situation,” a BBC spokesperson said in a statement. Khubib Ghufran, the spokesperson for the Afghan Taliban government’s Information and Culture ministry, said that the BBC’s activities had been suspended for the “time being due to repeated violations committed” by it. He did not elaborate on the violations. [...]

Punjab by-polls: Notices served on minister, SAPM for 'violating' election code of conduct
November 21, 2025 1:33
Punjab by-polls: Notices served on minister, SAPM for 'violating' election code of conduct

This collage of pictures show Federal Minister of Power Sardar Awais Ahmad Khan Leghari and Special Assistant to the Prime Minister Huzaifa Rehman. —APP/NA website/FileShow-cause notices have been issued to Minister for Power Sardar Awais Ahmad Khan Leghari and Special Assistant to the... [...]

27th Amendment empowers FCC to hear all constitutional cases: minister
November 20, 2025 7:59
27th Amendment empowers FCC to hear all constitutional cases: minister

Minister of State for Law and Justice Barrister Aqeel Malik addressing an event on December 21, 2024. — Facebook@BarristerAqeelMalikState Minister for Law Aqeel Malik said on Thursday that the 27th Amendment has vested authority to hear constitutional matters in the Federal Constitutional... [...]

JF-17 attracts strong attention at Dubai Airshow as friendly country inks procurement MoU
November 20, 2025 5:25
JF-17 attracts strong attention at Dubai Airshow as friendly country inks procurement MoU

Pakistan Air Force JF-17 Thunder fighter jet during World Defence Air Show 2024 held in Riyadh, Saudi Arabia, February 7, 2024. — PPI Pakistan's JF-17 Thunder garnered significant attention at the Dubai Airshow 2025, leading to the signing of a memorandum of understanding with a... [...]

US lawmakers laud Punjab govt's initiative to modernise brick-kiln
November 20, 2025 4:39
US lawmakers laud Punjab govt's initiative to modernise brick-kiln

Punjab Chief Minister Maryam Nawaz attends ceremony in this undated image. — Facebook/@MaryamNSharifISLAMABAD: The Congressional Pakistan Caucus has applauded Punjab’s drive to modernise its brick-kiln sector, saying the reforms could serve as a pilot for eliminating bonded labour and... [...]

Security forces gun down 30 terrorists in multiple IBOs in KP: ISPR
November 20, 2025 4:38
Security forces gun down 30 terrorists in multiple IBOs in KP: ISPR

Frontier Constabulary and army personnel gather stand guard in Kurram, January 17, 2025. — AFPSecurity forces killed 30 Indian proxy Fitna al-Khawarij terrorists during multiple intelligence-based operations carried out by security forces in Khyber Pakhtunkhwa , the military's media wing... [...]

MQM-P calls for new province in Sindh
November 20, 2025 3:56
MQM-P calls for new province in Sindh

Muttahida Qaumi Movement-Pakistan Convener Khalid Maqbool Siddiqui addresses a press conference in Karachi, November 20, 2025. — Screengrab via YouTube/Geo NewsKARACHI: With discussions on the 28th Amendment gaining momentum, the Muttahida Qaumi Movement–Pakistan has once again... [...]

US report validates Pakistan military edge over India: PM
November 20, 2025 3:55
US report validates Pakistan military edge over India: PM

Prime Minister Shehbaz Sharif addresses ceremony in Azad Jammu and Kashmir on November 20, 2025. — X/@GovtofPakistanPrime Minister Shehbaz Sharif on Thursday said a recent US report endorsing Pakistan’s downing of Indian aircraft stands as formal validation of the country’s... [...]

Banned TTP poses serious threat to Pakistan security: UNSC panel
November 20, 2025 10:24
Banned TTP poses serious threat to Pakistan security: UNSC panel

Denmark’s Deputy Permanent Representative to United Nations and chair of UNSC's ISIL, Al-Qaeda Sanctions Committee Sandra Jensen Landi. — Screengrab via UN WebTV websiteThe chair of the United Nations Security Council's Daesh and Al-Qaeda Sanctions Committee has cautioned that the... [...]

CM Afridi clarifies remarks on by-poll after ECP requests army deployment
November 20, 2025 10:01
CM Afridi clarifies remarks on by-poll after ECP requests army deployment

Khyber Pakhtunkhwa Chief Minister Sohail Khan Afridi addresses a gathering at Havelian, Abbottabad on November 19, 2025. — Facbook@ImMuhammadSohailAfridiISLAMABAD: Khyber Pakhtunkhwa Chief Minister Sohail Afridi on Thursday issued a clarification concerning his remarks on the NA-18 by-poll,... [...]

Dubai sees 3.2m Pakistani passengers in 2025 as airport sets new milestone
November 20, 2025 6:16
Dubai sees 3.2m Pakistani passengers in 2025 as airport sets new milestone

People sit at a coffee shop as they wait for their flight at the Dubai International Airport, in Dubai, United Arab Emirates, April 17, 2024. — ReutersDUBAI: Dubai International Airport handled 3.2 million passengers travelling from Pakistan in the first nine months of 2025, making the... [...]

Security forces kill 23 Indian proxy terrorists in KP's Kurram
November 20, 2025 5:08
Security forces kill 23 Indian proxy terrorists in KP's Kurram

Security forces are seen taking position during an operation. — ISPR/FileRAWALPINDI: Amid country's ongoing fight against the menace of terrorism, security forces have neutralised 23 Indian proxy Fitna al-Khawarij terrorists in separate engagements in Khyber Pakhtunkhwa's Kurram... [...]

Pakistan to construct island to boost oil exploration: report
November 19, 2025 6:26
Pakistan to construct island to boost oil exploration: report

Pump jacks operate in front of a drilling rig in an oil field in Midland, Texas United States. — Reuters/FilePakistan's state-owned energy company, Pakistan Petroleum Limited , has announced plans for an artificial island to boost its oil exploration efforts.Islamabad has intensified its... [...]

Russia ready to mediate Pakistan's issues with India, Afghanistan: envoy
November 19, 2025 6:14
Russia ready to mediate Pakistan's issues with India, Afghanistan: envoy

Russia's ambassador to Pakistan has extended his country's offer to mediate Islamabad's conflicts with India and Afghanistan, amid strained relations with its neighbouring countries.Islamabad's relations with India have remained tense since the four-day war in May, while the Afghan Taliban regime... [...]

Security forces neutralise four terrorists in KP IBOs
November 19, 2025 5:12
Security forces neutralise four terrorists in KP IBOs

Soldiers ride on a Pakistan Army vehicle in this undated image. — AFP/FileFour terrorists affiliated with Indian proxy, Fitna al-Khawarij, were killed in a series of operations across Khyber Pakhtunkhwa from November 17 to 18, the Inter-Services Public Relations said on Wednesday.An... [...]

Reclassification of 41 candidates on reserved seats goes beyond SC mandate: Justice Mandokhail
November 19, 2025 4:38
Reclassification of 41 candidates on reserved seats goes beyond SC mandate: Justice Mandokhail

Supreme Court's Justice Jamal Khan Mandokhail addresses an event related to Labour Day in Islamabad on May 1, 2025. — Screengrab/YouTube/Geo NewsISLAMABAD: Justice Jamal Khan Mandokhail has released a detailed dissent in the reserved seats case, stating that the ruling on 41 candidates... [...]

Poilievre heads to Michigan to demand end to US tariffs on Canadian vehicles
October 13, 2026 4:56
Poilievre heads to Michigan to demand end to US tariffs on Canadian vehicles

Poilievre is scheduled to hold a press conference in Windsor, Ontario, before crossing the border into MichiganCanada's Conservative Leader Pierre Poilievre is travelling to Detroit on Tuesday to push for tariff-free trade between Canada and the United States, with a particular focus on the... [...]

Will Alberta leave Canada? Advance voting opens in historic separation referendum
October 13, 2026 4:32
Will Alberta leave Canada? Advance voting opens in historic separation referendum

Results for the separation question are scheduled to be announced on Tuesday, October 20More than 300 advance polling stations have opened across Alberta as residents begin voting in a historic referendum that could determine whether the province moves towards separating from Canada.Approximately... [...]

False hijack alert sends German fighter jets scrambling
October 13, 2026 4:19
False hijack alert sends German fighter jets scrambling

False hijack alert sends German fighter jets scramblingA flight from Greece to Germany ‌landed safely in Nuremberg on Tuesday after a cockpit hijack alert that the airline attributed to a malfunction prompted the German air force to scramble two fighter jets.Corendon Airlines blamed a... [...]

Nigel Farage defends 'lethal force' policy for English Channel migrants amid backlash
October 13, 2026 4:12
Nigel Farage defends 'lethal force' policy for English Channel migrants amid backlash

Nigel Farage claimed migrant camps were affected by regular shootings and stabbings, blaming international criminal organisationsReform UK leader Nigel Farage has defended his party's controversial proposal to allow Royal Marines to use lethal force in certain circumstances during operations... [...]

Supreme Court agrees to hear DOGE transparency lawsuit involving Elon Musk, Trump
October 13, 2026 3:52
Supreme Court agrees to hear DOGE transparency lawsuit involving Elon Musk, Trump

Supreme Court agrees to hear DOGE transparency lawsuit involving Elon Musk, TrumpThe US Supreme Court has agreed to hear a lawsuit seeking access to government records involving Elon Musk's Department of Government Efficiency .According to The Associated Press, the case was brought by Citizens for... [...]

Greta Thunberg joins French students as nationwide protests enter third week
October 13, 2026 3:30
Greta Thunberg joins French students as nationwide protests enter third week

Greta Thunberg joins French students as nationwide protests enter third weekSwedish climate activist Greta Thunberg has joined students protesting in Paris as demonstrations over France's education crisis enter their third week.The 23-year-old joined pupils outside Lycée Paul Éluard... [...]

Kimberly Guilfoyle asked to resign as US ambassador to Greece, White House says
October 13, 2026 3:07
Kimberly Guilfoyle asked to resign as US ambassador to Greece, White House says

Kimberly Guilfoyle asked to resign as US ambassador to Greece, White House says The White House said on Tuesday that US ambassador to Greece, Kimberly Guilfoyle has been asked to resign from her position.White House press secretary Katie Zacharia said at a briefing, “We ​have... [...]

Ursula von der Leyen calls for stricter migration measures ahead of EU leaders' summit
October 13, 2026 2:45
Ursula von der Leyen calls for stricter migration measures ahead of EU leaders' summit

Ursula von der Leyen called for expanded powers for Frontex, and higher deportation rates European Commission President Ursula von der Leyen has urged European Union leaders to introduce tougher migration measures, including stronger border controls and increased deportations.In a letter... [...]

Six Flags loses $170mn in market value after after man dies in roller coaster tragedy
October 13, 2026 2:25
Six Flags loses $170mn in market value after after man dies in roller coaster tragedy

Six Flags described Goliath as a high-speed roller coaster reaching 70 miles per hour and a maximum height of 200 feet.A man has died following a roller coaster incident at Six Flags Over Georgia, prompting the company to temporarily close nine rides across the United States.Witnesses cited by CNN... [...]

Russia-Ukraine conflict near an end? US, Europe draft four-point peace settlement: Report
October 13, 2026 12:46
Russia-Ukraine conflict near an end? US, Europe draft four-point peace settlement: Report

Russia-Ukraine conflict near an end? US, Europe draft four-point peace settlement: ReportThe United States and Europe are working on drafting a four-point proposal to settle the ongoing Russia-Ukraine conflict. As reported by Washington Post columnist David Ignatius, citing sources, Frameworks are... [...]

When will Savannah Guthrie return to 'Today'? Craig Melvin reveals update
October 13, 2026 12:18
When will Savannah Guthrie return to 'Today'? Craig Melvin reveals update

When will Savannah Guthrie return to ‘Today’? Craig Melvin reveals updateSavannah Guthrie has taken another break from tv show Today in the midst of ongoing family crisis with the prolonged disappearance of mother Nancy Guthrie. The tv anchor missed two NBC shows, though no official... [...]

Nobel peace laureate Navi Pillay issues strong call for US action on human rights
October 13, 2026 11:29
Nobel peace laureate Navi Pillay issues strong call for US action on human rights

Nobel peace laureate Navi Pillay issues strong call for US action on human rightsOn Tuesday, Nobel Peace Prize winner Navi Pillay urged the United States to return to its traditional role as a human rights advocate and liberator for the rest of the world in the wake of a US campaign to weaken the... [...]

Hackers turn hundreds of supermarket 'fridges into ovens' in unprecedented cyberattack across France
October 13, 2026 10:19
Hackers turn hundreds of supermarket 'fridges into ovens' in unprecedented cyberattack across France

Hackers turn supermarket fridges into ovens in 'unprecedented' cyberattack across FranceAn unprecedented cyberattack struck hundreds of supermarkets across France after hackers remotely manipulated internet-connected refrigeration systems.According to French media, hackers raise temperatures in... [...]

Multiple injured in supermarket stabbing attack in South Korea's Incheon, investigation underway
October 13, 2026 6:45
Multiple injured in supermarket stabbing attack in South Korea's Incheon, investigation underway

More than eight people have been reportedly injured with at least one victim in cardiac arrest following a sudden stabbing attack at a supermarket in the South Korean port city of Incheon. The violent incident unfolded on October 13, Tuesday afternoon at a local commercial discount store,... [...]

Fugitive businessman Alvaro Pulido arrested in $2bn Venezuela corruption scandal
October 12, 2026 9:59
Fugitive businessman Alvaro Pulido arrested in $2bn Venezuela corruption scandal

Fugitive businessman Alvaro Pulido arrested in $2bn Venezuela corruption scandalFugitive businessman Alvaro Pulido has been taken into US custody after years of being wanted over an alleged multibillion-dollar bribery scheme involving Venezuelan government officials.According to The Guardian, the... [...]

صوبے کو موجودہ صورتحال سے نکالنے کا واحد حل علی امین ہیں، شیر افضل مروت
October 13, 2026 4:10
صوبے کو موجودہ صورتحال سے نکالنے کا واحد حل علی امین ہیں، شیر افضل مروت

شیر افضل مروت۔رکن قومی اسمبلی شیر افضل مروت نے کہا کہ گورنر فیصل کریم کنڈی اسی صوبے سے ہیں، معاملات کو بہتر سمجھتے ہیں۔ پارلیمنٹ... [...]

سہیل آفریدی نے خود کلہاڑی پر پاؤں رکھا، نبیل گبول
October 13, 2026 4:10
سہیل آفریدی نے خود کلہاڑی پر پاؤں رکھا، نبیل گبول

پاکستان پیپلز پارٹی رہنما نبیل گبول نے کہا ہے کہ وزیراعلیٰ خیبر پختونخوا سہیل آفریدی نے خود کلہاڑی پر پاؤں رکھا۔پارلیمنٹ ہاؤس... [...]

11 اکتوبر کو 58 ٹو بی کو زندہ کیا گیا، بیرسٹر گوہر
October 13, 2026 3:10
11 اکتوبر کو 58 ٹو بی کو زندہ کیا گیا، بیرسٹر گوہر

بیرسٹر گوہر علی خان۔چئیرمین پی ٹی آئی بیرسٹر گوہر علی خان نے کہا ہے کہ آج قومی اسمبلی اجلاس میں پوائنٹ آف آرڈر پر بولنے کی اجازت... [...]

وزیراعظم نے خیبر پختونخوا کی صورتحال پر ایم کیو ایم وفد کو اعتماد میں لیا
October 13, 2026 2:10
وزیراعظم نے خیبر پختونخوا کی صورتحال پر ایم کیو ایم وفد کو اعتماد میں لیا

تصویر سوشل میڈیا۔وزیراعظم شہباز شریف سے ڈاکٹر خالد مقبول صدیقی کی زیر قیادت ایم کیو ایم کے وفد نے ملاقات کی، جس میں ملک کی مجموعی... [...]

ایمل ولی کا سعودی ولی عہد کو خط، حالیہ حملوں پر اظہار افسوس
October 13, 2026 2:10
ایمل ولی کا سعودی ولی عہد کو خط، حالیہ حملوں پر اظہار افسوس

 ایمل ولی۔عوامی نیشنل پارٹی کے صدر ایمل ولی نے سعودی ولی عہد شہزادہ محمد بن سلمان کو خط تحریر کیا ہے۔ خط میں سعودی عرب میں حالیہ... [...]

پی ٹی آئی حکومت میں دہشتگردوں کو خیبر پختونخوا میں لایا گیا، وزیراعظم شہباز شریف
October 13, 2026 2:10
پی ٹی آئی حکومت میں دہشتگردوں کو خیبر پختونخوا میں لایا گیا، وزیراعظم شہباز شریف

فوٹو: اسکرین گریب۔جیو نیوزوزیر اعظم شہباز شریف نے کہا ہے کہ خیبر پختونخوا میں چند ماہ سے صورتحال انتہائی خراب تھی۔حکمران جماعت مسلم... [...]

گورنر راج کے بعد یہ ایسے بولتے ہیں کہ فاتح ہیں، بتائیں کیا عوام راضی ہیں؟ راجا ناصر عباس
October 13, 2026 2:10
گورنر راج کے بعد یہ ایسے بولتے ہیں کہ فاتح ہیں، بتائیں کیا عوام راضی ہیں؟ راجا ناصر عباس

قائد حزب اختلاف سینیٹ علامہ راجا ناصر عباس نے کہا ہے کہ گورنر راج کے بعد یہ ایسے بولتے کہ یہ فاتح ہیں، کیا عوام راضی ہیں، کیا عوام جشن... [...]

پارلیمنٹ کا مشترکہ اجلاس جمعرات کی صبح طلب
October 13, 2026 2:10
پارلیمنٹ کا مشترکہ اجلاس جمعرات کی صبح طلب

پارلیمنٹ کا مشترکہ اجلاس جمعرات 15 اکتوبر کی صبح 11 بجے طلب کرلیا گیا ہے۔ذرائع کے مطابق مشترکہ اجلاس میں خیبر پختونخوا میں گورنر راج کے... [...]

اسپیکر ایاز صادق کی زیر صدارت قومی اسمبلی کا اجلاس، اپوزیشن سراپا احتجاج
October 13, 2026 2:10
اسپیکر ایاز صادق کی زیر صدارت قومی اسمبلی کا اجلاس، اپوزیشن سراپا احتجاج

اسپیکر ایاز صادق کی زیر صدارت قومی اسمبلی کا اجلاس شروع ہوگیا، اس دوران اپوزیشن کی جانب خیبر پختونخوا میں ایمر جنسی اور گورنر... [...]

جاپان میں مقیم پاکستانی اپنے اخلاق و کردار سے وطن کا نام روشن کریں، سفیر عبدالحمید بھٹہ
October 13, 2026 1:10
جاپان میں مقیم پاکستانی اپنے اخلاق و کردار سے وطن کا نام روشن کریں، سفیر عبدالحمید بھٹہ

جاپان کے علاقے ہوکائیدو میں پاکستانی کمیونٹی کا پہلی بار اجتماع منعقد ہوا، جس میں سفیر پاکستان عبدالحمید بھٹہ، اوورسیز پاکستانی... [...]

ہر 2 ماہ بعد گورنر راج ریوائز کرسکتے ہیں، بیرسٹر عقیل ملک
October 13, 2026 1:10
ہر 2 ماہ بعد گورنر راج ریوائز کرسکتے ہیں، بیرسٹر عقیل ملک

وزیر مملکت برائے قانون و انصاف بیرسٹر عقیل ملک نے کہا ہے کہ حکومت ہر  2 ماہ بعد گورنر راج ریوائز بھی کرسکتی ہے۔پارلیمنٹ ہاؤس اسلام... [...]

اپوزیشن کا اسپیکر کو خط، گرفتار 9 ارکان کے پروڈکشن آرڈرز جاری کرنے کا مطالبہ
October 13, 2026 1:10
اپوزیشن کا اسپیکر کو خط، گرفتار 9 ارکان کے پروڈکشن آرڈرز جاری کرنے کا مطالبہ

قومی اسمبلی اجلاس کےلیے اپوزیشن نے اسپیکر قومی اسمبلی کو خط لکھ دیا۔ پی ٹی آئی چیف وہپ عامر ڈوگر نے گرفتار 9 ارکان اسمبلی کے... [...]

خیبر پختونخوا میں کارکردگی دکھانے کے سوا کوئی آپشن نہیں، رانا ثناء
October 13, 2026 1:10
خیبر پختونخوا میں کارکردگی دکھانے کے سوا کوئی آپشن نہیں، رانا ثناء

وزیراعظم کے مشیر برائے سیاسی امور رانا ثناء اللّٰہ نے کہا ہے کہ خیبر پختونخوا میں کارکردگی دکھانے کے سوا کوئی آپشن نہیں۔پارلیمنٹ... [...]

ڈیرہ اسماعیل خان میں نیب کے ذیلی دفتر کے قیام کا فیصلہ
October 13, 2026 1:10
ڈیرہ اسماعیل خان میں نیب کے ذیلی دفتر کے قیام کا فیصلہ

ڈیرہ اسماعیل خان میں قومی احتساب بیورو کا ذیلی دفتر قائم کرنے کا فیصلہ کرلیا گیا۔اعلامیے کے مطابق چیئرمین نیب نذیر احمد نے ڈی آئی... [...]

جوڈیشل کمیشن نے احسن بھون کی ڈگری اصلی ہونے کی تصدیق کردی
October 13, 2026 1:10
جوڈیشل کمیشن نے احسن بھون کی ڈگری اصلی ہونے کی تصدیق کردی

فوٹو: فائلجوڈیشل کمیشن پاکستان نے احسن بھون کی ڈگری اصلی ہونے کی تصدیق کردی جبکہ سندھ ہائیکورٹ کے آئینی بینچ میں ایک سال توسیع کی... [...]

بھارتی صحافی کی نشاندہی پر انتہا پسند تنظیموں کے کارکن آپے سے باہر
October 13, 2026 4:10
بھارتی صحافی کی نشاندہی پر انتہا پسند تنظیموں کے کارکن آپے سے باہر

بھارتی صحافی طرف سے اشتعال انگیزی میں ملوث ہندو شخص کی نشاندہی پر انتہاپسند تنظیموں کے کارکن آپے سے باہر ہوگئے۔صحافی شیام میرا سنگھ... [...]

مودی سرکاری کی مقبوضہ کشمیر میں یکساں خطبات جمعہ کی کوشش مسترد
October 13, 2026 3:10
مودی سرکاری کی مقبوضہ کشمیر میں یکساں خطبات جمعہ کی کوشش مسترد

مقبوضہ کشمیر کی متحدہ مجلس علماء نے نریندر مودی کی سرکار کی جمعے کے یکساں خطبے کی کوشش مسترد کردی۔نریندر مودی سرکاری نے مقبوضہ جموں و... [...]

صنعا میں ٹارگٹڈ حملے کرنے جا رہے ہیں، شہری ان علاقوں سے نکل جائیں، ترجمان عرب مشترکہ فورسز
October 13, 2026 2:10
صنعا میں ٹارگٹڈ حملے کرنے جا رہے ہیں، شہری ان علاقوں سے نکل جائیں، ترجمان عرب مشترکہ فورسز

میجر جنرل ترکی المالکی۔یمن میں عرب مشترکہ فورسز کے ترجمان میجر جنرل ترکی المالکی نے کہا کہ عرب مشترکہ فورسز یمنی دارالحکومت صنعا میں... [...]

مصنوعی ذہانت برطانیہ کی سلامتی کیلئے خطرات پیدا کر رہی ہے، ایم آئی فائیو چیف
October 13, 2026 2:10
مصنوعی ذہانت برطانیہ کی سلامتی کیلئے خطرات پیدا کر رہی ہے، ایم آئی فائیو چیف

تصویر: سیکیورٹی سروس ایم آئی فائیو۔برطانوی خفیہ ادارے ایم آئی فائیو کے سربراہ سر کین میکولم نے کہا ہے کہ مصنوعی ذہانت برطانیہ کی... [...]

سعودی عرب میں حملوں کی معلومات شیئر کرنے سے گریز کیا جائے، امریکی سفارتخانہ
October 13, 2026 11:10
سعودی عرب میں حملوں کی معلومات شیئر کرنے سے گریز کیا جائے، امریکی سفارتخانہ

سعودی عرب میں امریکی سفارتخانے نے بیان میں کہا کہ سعودی وزارت داخلہ نے میرائل اور ڈرون حملوں کی معلومات شیئر کرنے سے متعلق خبردار کیا... [...]

سائنس دانوں نے تباہ ہوتے ستارے سے بنا سیارہ دریافت کر لیا
October 13, 2026 9:10
سائنس دانوں نے تباہ ہوتے ستارے سے بنا سیارہ دریافت کر لیا

فوٹو بشکریہ برطانوی میڈیا ماہرینِ فلکیات نے ایک ایسا سیارہ دریافت کیا ہے جو کہ ایک تباہ ہوتے سیارے کی راکھ سے بنا ہے۔بین الاقوامی... [...]

افغانستان بھر میں بی بی سی کی ایف ایم ریڈیو نشریات معطل
October 13, 2026 9:10
افغانستان بھر میں بی بی سی کی ایف ایم ریڈیو نشریات معطل

فوٹو بشکریہ غیر ملکی میڈیاافغان حکام نے ملک بھر میں بی بی سی کی ایف ایم ریڈیو نشریات معطل کر دیں۔ افغانستان بھر میں ایف ایم ریڈیو... [...]

یمن: حکومتی فوج کے حوثی ملیشیا کے 9 اہداف پر حملے
October 13, 2026 9:10
یمن: حکومتی فوج کے حوثی ملیشیا کے 9 اہداف پر حملے

تصویر بشکریہ غیر ملکی میڈیایمن کے شہر تعز میں یمنی حکومتی فوج کی جانب سے حوثی اکثریتی تنظیم انصار اللّٰہ پر حملے کیے گئے۔یمنی حکومتی... [...]

آذربائیجان: اسکولوں میں حجاب پر پابندی کیخلاف مظاہرے، 37 افراد گرفتار
October 13, 2026 8:10
آذربائیجان: اسکولوں میں حجاب پر پابندی کیخلاف مظاہرے، 37 افراد گرفتار

— فائل فوٹوآذربائیجان کے اسکولوں میں حجاب پہننے پر پابندی نافذ العمل ہونے کے بعد یونیفارم قواعد کے خلاف احتجاجی مظاہرے پھوٹ... [...]

ایران سفارت کاری کیلئے تیار ہے، امریکا وعدوں پر عمل کرے: ایرانی نائب وزیر خارجہ
October 13, 2026 8:10
ایران سفارت کاری کیلئے تیار ہے، امریکا وعدوں پر عمل کرے: ایرانی نائب وزیر خارجہ

---فائل فوٹوایرانی نائب وزیر خارجہ کاظم غریب آبادی نے کہا ہے کہ ایران سفارت کاری کے ہر عمل کا خیرمقدم کرتا ہے اور وہ کسی بھی فریق کے... [...]

میں نے درست فیصلہ کیا: روس سے ڈیزل خریدنے پر تنقید کے باوجود ٹرمپ اپنے مؤقف پر ڈٹ گئے
October 13, 2026 7:10
میں نے درست فیصلہ کیا: روس سے ڈیزل خریدنے پر تنقید کے باوجود ٹرمپ اپنے مؤقف پر ڈٹ گئے

— فائل فوٹو امریکی صدر ڈونلڈ ٹرمپ نے روس سے ڈیزل خریدنے کے معاہدے کا دفاع کرتے ہوئے کہا ہے کہ میں نے امریکی عوام کے مفاد میں درست... [...]

سعودی عرب نے حوثیوں کیخلاف کارروائی میں اسرائیل کی شمولیت کا مطالبہ مسترد کردیا: اسرائیلی میڈیا
October 13, 2026 7:10
سعودی عرب نے حوثیوں کیخلاف کارروائی میں اسرائیل کی شمولیت کا مطالبہ مسترد کردیا: اسرائیلی میڈیا

— فائل فوٹواسرائیلی میڈیا نے دعویٰ کیا ہے کہ سعودی عرب نے حوثیوں کے خلاف کارروائی میں اسرائیل کی شمولیت کا مطالبہ مسترد... [...]

ایران کا امریکی ناکہ بندی کے باوجود 50 لاکھ ٹن پیٹرولیم مصنوعات برآمد کرنے کا دعویٰ
October 13, 2026 6:10
ایران کا امریکی ناکہ بندی کے باوجود 50 لاکھ ٹن پیٹرولیم مصنوعات برآمد کرنے کا دعویٰ

— فائل فوٹوایران نے دعویٰ کیا ہے کہ امریکی ناکہ بندی کے باوجود رواں سال کی پہلی ششماہی کے دوران ملک کی سب سے بڑی تجارتی بندرگاہ شہید... [...]

میگھن مارکل کی ملالہ یوسفزئی سے ملاقات کی وجہ سامنے آگئی
October 13, 2026 6:10
میگھن مارکل کی ملالہ یوسفزئی سے ملاقات کی وجہ سامنے آگئی

فوٹو بشکریہ انسٹاگرامبرطانوی شہزادہ ہیری کی اہلیہ میگھن مارکل نے پاکستانی نوبیل انعام یافتہ ملالہ یوسفزئی سے ہونے والی ملاقات کی... [...]

حوثی انتہائی شر انگیز حرکتیں کر رہے: ڈونلڈ ٹرمپ
October 13, 2026 5:10
حوثی انتہائی شر انگیز حرکتیں کر رہے: ڈونلڈ ٹرمپ

امریکی صدر ڈونلڈ ٹرمپ—فائل فوٹوامریکی صدر ڈونلڈ ٹرمپ نے حوثی گروپ کو اس کی حالیہ کارروائیوں پر تنقید کا نشانہ بناتے ہوئے کہا ہے کہ... [...]

آئی ایم ایف کو پاکستان میں رواں مالی سال مہنگائی میں اضافے کا خدشہ
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October 13, 2026 5:18
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October 13, 2026 4:21
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October 13, 2026 3:37
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