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Pakistan, Qatar explore trade routes linking Middle East, Türkiye, Europe

September 12, 2026 1:49

Pakistan and Qatar have discussed establishing broader regional trade linkages through the Middle East and Central Asia, potentially connecting Pakistan with Türkiye and European markets, in a move aimed at expanding transit and bilateral trade opportunities. The development came during a series of bilateral meetings held between Federal Minister for Commerce Jam Kamal Khan and regional counterparts on the sidelines of the Belt and Road Summit, focusing on trade, connectivity, food security and emerging technologies. The minister separately met his counterparts from Sri Lanka, Bangladesh and Qatar, while also holding discussions with the Secretary General of the International Organization for Mediation (IoMed), the statement said. The engagements focused on expanding bilateral trade, strengthening regional connectivity and developing greater cooperation in emerging economic and technological areas. During his meeting with Qatar’s Minister of State for Foreign Trade Affairs, Ahmad bin Mohammad Al Sayed, both sides exchanged views on the latest developments in the Middle East and their wider regional and economic implications. Jam Kamal appreciated Qatar’s resolve and commitment to maintaining peace and stability in the region. Meanwhile, the Qatari Minister acknowledged Pakistan’s significant contribution towards regional peace and highlighted the positive impact of its efforts. Regional connectivity and the Belt and Road Initiative featured prominently in the discussions, with both sides exploring new avenues for transit and trade through the Middle East and Central Asia. The two ministers also discussed the potential for connecting Pakistan and Qatar through broader regional trade routes extending through the Middle East towards Türkiye and onward into Europe. Bilateral trade was also discussed, with both sides reaffirming their commitment to exploring new areas of economic cooperation and expanding existing trade volumes. The minister also held a meeting with Sri Lanka’s Minister for Trade, Commerce, Food Security and Development, Wasantha Samarasinghe, where both sides discussed ways to strengthen bilateral trade and economic cooperation, including expansion and greater utilisation of Pakistan’s first-ever Free Trade Agreement (FTA). The two ministers emphasised the importance of enhanced business-to-business and people-to-people exchanges and explored opportunities for closer cooperation in connectivity and infrastructure. The Sri Lankan Minister highlighted the growing importance of artificial intelligence and cyber security. Jam Kamal pointed to the increasing role of digitalisation in economic development and said developing countries should explore emerging technologies while simultaneously building their capacity to address associated challenges. The two sides also discussed food security, particularly its impact on poorer and developing nations, as well as the implications of tensions in the Middle East for the global economy and international trade. Jam Kamal thanked Sri Lanka for its support in the reclassification of Pakistani kinnow for improved market access. The Sri Lankan minister, in turn, appreciated Pakistan’s cooperation regarding Sri Lankan pineapples, avocados and king coconut. Both sides also explored avenues for greater cooperation in regional connectivity and infrastructure development. In a separate meeting with Bangladesh’s Minister of Commerce, Industry, Textile and Jute, Khandakar Abdul Muktadir, discussions were held in a cordial atmosphere, with both sides reaffirming their commitment to strengthening economic cooperation and brotherly relations between Pakistan and Bangladesh. The Bangladeshi side appreciated Pakistan’s commitment to regional solidarity and peace and acknowledged its role in efforts aimed at resolving regional tensions. Recalling his recent visit to Bangladesh, Jam Kamal highlighted the considerable scope for stronger cooperation, greater economic exchanges and closer ties between the two countries. Jam referred to Pakistan’s rice exports to Bangladesh as an encouraging example of expanding bilateral trade and said there was significant potential to diversify trade into other areas, including textiles. The Bangladeshi minister expressed interest in exploring avenues for sharing expertise and experiences in developing industries and promoting greater industrial cooperation between the two countries. The ministers agreed that the Belt and Road Initiative and stronger regional connectivity could play an important role in shaping the economic future of the region and creating new opportunities for trade and development. The commerce minister also met Teresa Chan, Secretary General of the International Organization for Mediation (IoMed). Chan briefed Jam Kamal on the organisation, established in 2025, and highlighted Pakistan’s role as a contracting and founding member and its important contribution to the organisation. The meeting discussed the growing role of mediation in resolving disputes involving governments and private organisations, with IoMed poised to contribute towards peaceful and institutional dispute resolution. [...]

Gold price gains Rs400 per tola in Pakistan

September 12, 2026 10:17

Gold prices in Pakistan increased on Saturday in line with their gain in the international market. In the local market, gold price per tola reached Rs457,136 after a gain of Rs400 during the day. Similarly, 10-gram gold was sold at Rs391,920 after it accumulated Rs343, according to rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). On Friday, gold price per tola reached Rs456,736 after a decline of Rs5,600 during the day. The international rate of gold increased by $4 to reach $4,346 per ounce earlier today. Meanwhile, the price of silver also increased by Rs53 to reach Rs6,924 per tola. [...]

Govt hikes petrol by Rs5.02, diesel by Rs5.28 for fifth straight review

September 11, 2026 6:28

The government continued to raise petrol and high-speed diesel (HSD) prices at its final review of the week on Friday, increasing them by Rs5.02 and Rs5.28 per litre, respectively, for a fifth straight hike in petroleum prices. The new prices will remain effective from Saturday, September 12, till Monday, September 14, 2026. It was the fifth consecutive increase in petroleum prices in Pakistan. In last five days, the government has increased the petrol price by Rs29.95 and diesel by Rs25.27 per litre. According to a notification issued by the Ministry of Energy (Petroleum Division), the Oil and Gas Regulatory Authority (OGRA) on Friday revised the ex-depot prices of petroleum products under the government’s petroleum pricing mechanism. The price of Motor Spirit (petrol) was raised by Rs5.02 per litre, taking it from Rs370.80 to Rs375.82 per litre. HSD saw a hike of Rs5.28 per litre, rising from Rs398.04 to Rs403.32 per litre. The new prices will remain in effect until Monday, in line with the government’s ongoing practice of adjusting fuel prices based on international oil markets and other cost factors. In the previous review on Thursday, the government increased the price of petrol by Rs3.05 per litre and diesel by Rs5.37 per litre. Internationally, oil prices fell on Friday but remained on course for a weekly gain of more than 9%, while US diesel prices hit a record high as attacks ‌along Middle East shipping routes stoked concerns about prolonged supply disruptions. Brent crude futures were down $2.46, or 2.29%, at $105.17 a barrel at 11:33 am. (1633 GMT). [...]

Investment in local, global stocks gains momentum in Pakistan

September 11, 2026 4:07

Investment trends in Pakistan are changing rapidly, with growing interest among young people in the local as well as global stocks, reflecting rising awareness of financial planning and investment opportunities. According to the Securities and Exchange Commission of Pakistan (SECP), the number of investor accounts in the country’s stock market increased by a record 48% during the last fiscal year. Investor accounts rose to 583,052 at the end of FY2025-26 from 392,775 a year earlier, with around 190,300 new accounts opened during the year, the highest annual increase on record. Young investors accounted for a significant share of this growth. People aged 18 to 30 opened 45% of the new accounts between January and June 2026, while those aged 31 to 45 accounted for another 41%, according to the regulator. The equity market delivered a stellar year in FY2025-26, with the benchmark KSE-100 Index gaining 44% in rupee terms and 46% in US dollar terms. Ibrahim Amin, a banking and financial sector expert, said awareness about investment in the local equity market had increased significantly, particularly among younger people, largely due to social media, digital marketing, and the introduction of mobile applications and digital platforms by brokerage houses. He said improved regulatory facilitation and easier access to the equity market had also encouraged more young people to invest their savings in the Pakistan Stock Exchange (PSX). “People’s saving habits are gradually changing from keeping cash at home or relying solely on traditional savings to investing through formal financial institutions and markets. This reflects growing financial literacy and could also contribute to improving the country’s savings-to-GDP ratio,” he said. There is also significant potential for the local equity market and global stocks to attract Pakistan’s growing freelance and digital workforce, as many freelancers or youngsters remain unaware of the relatively accessible investment and trading opportunities available to them, said Mr Amin, who is also Chairman of the Pakistan Freelancers Association (PAFLA). In 2025, the PSX was among the high-performing equity markets globally and continued to attract investment from both domestic and international institutional and individual investors. Gracy Chen, CEO of Bitget, the world’s largest Universal Exchange, said Pakistan is emerging as a significant market for young investors seeking access to a wider range of investment opportunities, including global stocks and cryptocurrencies. She said the growing participation of young investors in the local equity market could encourage greater confidence in investing in high-return assets, including digital or tokenised versions of traditional stocks such as Apple, Tesla, Nvidia, Amazon, Meta and Microsoft, which can be accessed through digital trading platforms. “With a large and increasingly digital-savvy youth population and a freelance workforce of nearly three million, Pakistani investors have the potential to increase their participation in global financial markets, particularly in international equities,” she said. Ms Chen said investors are increasingly likely to prefer platforms that offer access to multiple asset classes, including cryptocurrencies, tokenised stocks, exchange-traded funds (ETFs), commodities and foreign exchange through a single account. “Having access to different markets through one platform provides greater convenience, allowing investors to diversify their portfolios without having to switch between multiple platforms,” she added. Pakistan authorities are working to improve the investment climate for both local and foreign investors, enabling various global companies to establish operations in the country. As investment options continue to expand, competition among local and international players is expected to intensify in the future. However, investors are likely to prefer opportunities that offer greater convenience, accessibility and choice. [...]

Pakistan rupee registers gain against US dollar

September 11, 2026 3:41

The Pakistani rupee extended its marginal gains, appreciating 0.01%, against the US dollar in the interbank market on Friday. The local unit closed the day at 277.32, a gain of Re0.03 against the greenback. On Thursday, the Pakistani rupee settled at 277.35 against the dollar. Also read: Rupee to hold at Rs278/USD in 2026 as Pakistan’s FX buffers improve: BMI Internationally, the US dollar held near its highest-levels of the past week and the yen slipped for a second day at the start of Asian ‌trading on Friday as renewed fears of energy supply disruptions in the Middle East pushed up bond yields and oil prices. The US dollar index, which measures the greenback’s strength against a basket of six currencies, was trading at 99.081, holding steady after gaining 0.3% on Thursday to reach its highest level since September 7. The rise followed the release of data showing US producer prices increased 0.4% in August, meeting market expectations as energy prices rebounded during the month. Oil prices, a key indicator of currency parity, fell on Friday but remained on course for a weekly gain of more than 8% while US diesel prices ‌hit a record high as attacks along Middle East shipping routes stoked concerns about prolonged supply disruptions. Brent crude futures were down $3.28, or 3.05%, to $104.35 a barrel at 1309 GMT. Inter-bank market rates for dollar on Friday BID Rs 277.32 OFFER Rs 277.52 Open-market movement In the open market, the PKR gained 2 paise for buying and 3 paise for selling against USD, closing at 278.22 and 279.05, respectively. Against Euro, the PKR gained 75 paise for buying and 71 paise for selling, closing at 322.11 and 325.04, respectively. Against UAE Dirham, the PKR gained 1 paisa for buying and lost 2 paise for selling, closing at 75.66 and 76.28, respectively. Against Saudi Riyal, the PKR lost 2 paise for buying and 1 paisa for selling, closing at 73.96 and 74.48, respectively. Open-market rates for dollar on Friday BID Rs 278.22 OFFER Rs 279.05 [...]

UAE shares gain as regional conflict fuels oil supply concerns

September 11, 2026 2:18

UAE stock markets closed higher on Friday, with Dubai outperforming its regional peer, supported by a sharp weekly rise in oil prices as attacks on key Middle East shipping routes fuelled concerns that supply disruptions could persist. Crude was on track to gain more than 7% for the week, while U.S. diesel prices hit a record high. Oil flows remained restricted through the Strait of Hormuz as the U.S. and Iran traded attacks, while Houthis seized control of Yemen’s port of Mocha, threatening Saudi oil exports in the Red Sea. Vessel transits at the Strait of Hormuz fell to seven on Thursday from 11 the previous day, preliminary ship-tracking data showed on Friday, well below the 10-day average of 15. Brent crude, a key driver of Gulf economies, was down 3.6% at $103.75 a barrel by 1056 GMT. Dubai’s main market advanced 0.6% after two sessions of losses, boosted by a 4.2% surge in top lender Emirates NBD Bank, while utility firm Emirates Central Cooling Systems Corporation rose 1.9%. National Central Cooling, however, fell 2.1% after announcing the appointment of Yousif Al Hammadi as its new chief executive officer. Abu Dhabi’s benchmark index I edged up 0.03% for a fourth straight session, supported by a 3.6% rise in IHC-owned investment firm Two Point Zero Group. State-owned energy shipping firm Adnoc Logistics & Services climbed 2.9%, while energy infrastructure developer NMDC Group added 3.5%. Gains in the index were limited by a 5% decline in chemical maker Fertiglobe and 1.5% fall in largest lender First Abu Dhabi Bank. Separately, the United Arab Emirates is quietly revising plans for a 5-gigawatt AI data center project – one of the biggest outside the U.S. – after the Iran war prompted a rethink of how and where critical infrastructure should be built, six people familiar with the matter told Reuters. For the week, Abu Dhabi index and Dubai index recorded a weekly gain of 1.4% and 1% respectively, according to LSEG data. [...]

India partially cancels debt sale for first time in a year as rates spike

September 11, 2026 1:57

MUMBAI: In what market participants are seeing as an early indication from Indian authorities on interest rates, the central bank partially canceled an auction of shorter duration government security to curb any further spike in bond yields, traders said on Friday. Reserve Bank of India accepted bids worth only 45.06 billion rupees ($471.12 million) for the 6.20% 2029 bond, just over 40% of the planned borrowing in the paper of 110 billion rupees. RBI sold seven-year bond at slightly higher-than-expected yield, while a new 30-year paper was auctioned at a cutoff yield that was in line with estimates. The three-year or 6.20% 2029 bond yield was dealt at 6.4566%, up 25 basis points in last four weeks since it was issued; Reuters poll had pegged cutoff at 6.45%. India debt investors call for higher short-term borrowing to absorb excess cash, sources say “This could be a strong signal that market is factoring in overly aggressive pessimism in terms of interest rate expectations and could help soothe sentiment for the day,” trader with a state-run bank says. “Had they gone for the complete target, yield could have tested the territory of 6.50%,” the trader added. Fresh military escalation in the Middle East has pushed oil prices higher, heaping upward pressure on yields that have been rising in recent weeks. Latest U.S. economic data strengthened bets of a Federal Reserve rate hike next, week pushing 10-year Treasury yield to cusp of 5%. RBI had last canceled auction of a security in October 2025 as investors demanded much higher yields. [...]

PSX: buying returns, KSE-100 gains nearly 1% on hopes of easing Middle East tensions

September 11, 2026 1:28

It was a tale of two halves at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index recovering sharply from early-session losses to close near the day’s high as reports of Strait of Hormuz talks lifted market sentiment on Friday. The benchmark index opened under pressure and fell to an intra-day low of 166,141.17 during the opening minutes of trading, reflecting initial selling pressure. However, buying interest emerged as the session progressed, allowing the index to gradually recover and move into the positive territory. The market gained further momentum in the second half of the session, with the KSE-100 surging past 170,000 and hitting an intra-day high of 170,764.79. At close, the benchmark index settled at 170,511.85, up 1,646.81 points or 0.98%. “The KSE-100 Index opened on a negative note as Houthi assaults on Saudi energy facilities pushed crude oil prices higher, weighing on investor sentiment. However, during the latter part of the trading session, reports that the six-member Gulf bloc is considering a meeting with Iranian officials next week to discuss the future of the Strait of Hormuz triggered a decline in crude oil prices,” brokerage house Topline Securities said in its post-market report. Top positive contribution to the index came from MEBL, FFC, LUCK, PPL, OGDC and EFERT, as they cumulatively contributed 1,032 points to the index, it added. According to the Financial Times, Gulf foreign ministers plan to meet their Iranian counterpart in a push by Oman and Iran to secure buy-in for a temporary deal to manage shipping through the Strait of Hormuz. The gathering is scheduled to be held on Monday in the Omani coastal city of Salalah, the report said, citing two people briefed on the matter. On Thursday, PSX suffered a major pullback as renewed US-Iran attacks and surging international crude prices triggered aggressive selling across the market, with benchmark indices falling sharply amid heightened concerns over inflation, the external account and broader macroeconomic stability. The KSE-100 Index plunged 3,078.56 points, or 1.79%, to settle at 168,865.04 points. Internationally, global bond yields spiked to new highs and share markets slumped on Friday as soaring oil prices inflamed inflation risks, sending investors scrambling to price in ‌more policy tightening from central banks across the globe. Brent crude climbed to a four-month high of $109.97 a barrel on Friday after a 6% overnight jump, capping a weekly gain of nearly 13%. Oil flows remained restricted through the Strait of Hormuz as the US and Iran traded attacks, while Houthis seized control of Yemen’s port of Mocha, threatening Saudi oil exports in the Red Sea. That was a wake-up call for markets that are finally starting to price in the risk of a protracted war. Comments from President Donald Trump that the war could last beyond the November midterm elections haven’t helped, with bond yields surging globally on heightened inflation fears. Higher bond yields raised the discount rates used for corporate valuations, leaving Asian stocks in deep losses. MSCI’s broadest index of Asia-Pacific shares outside Japan lost 1.8% while Japan’s Nikkei tumbled 2.8%. Chinese blue-chips fell 1.2%, and Hong Kong’s Hang Seng dropped 1.5%. Nasdaq futures fell 0.2%, and S&P 500 futures were little changed. Meanwhile, the Pakistani rupee extended its marginal gains, appreciating 0.01%, against the US dollar in the interbank market on Friday. The local unit closed the day at 277.32, a gain of Re0.03 against the greenback. Volume on the all-share index increased to 687.47 million from 628.67 million recorded in the previous close. The value of shares rose to Rs33.70 billion from Rs27.02 billion in the previous session. Cnergyico PK was the volume leader with 104.27 million shares, followed by Pak Refinery with 66.01 million shares, and Media Times Ltd with 35.45 million shares. Shares of 500 companies were traded on Friday, of which 248 registered an increase, 210 recorded a fall, and 42 remained unchanged. [...]

Basic materials, industrials lift Sri Lankan shares higher

September 11, 2026 12:16

Sri Lankan shares closed higher on Friday, after four sessions of losses, led by basic materials and industrials stocks. The CSE All-Share index settled 0.12% higher at 21,382.74 points. Haycarb Plc and Cargills (Ceylon) Plc were the top index points gainers, up 9.96 points and 6.66 points, respectively, on the day. Trading volume on the index rose to 57.7 million shares from 35.1 million shares in the previous session. The equity market’s turnover dipped to 1.13 billion Sri Lankan rupees ($3.44 million) from 1.45 billion rupees in the previous session, according to exchange data. Foreign investors were net sellers, offloading stocks worth 85.1 million rupees, while domestic investors were net buyers, purchasing shares worth 1.1 billion rupees, the data showed. [...]

Palm hits two-week low on rising stocks

September 11, 2026 11:51

KUALA LUMPUR: Malaysian palm oil futures slipped to their lowest close in two weeks on Friday, as rising stockpiles dragged prices, though concerns over future supply tightness limited the decline. The benchmark palm oil contract for November delivery on the Bursa Malaysia Derivatives Exchange was down 67 ringgit, or 1.37%, at 4,818 ringgit ($1,184.37) a metric ton, the lowest closing price since August 27. The contract fell 2.25% this week after last week’s 0.72% gain. Malaysia’s palm oil inventories hit an eight-month high in August as production climbed to the highest level since December and exports declined, data from the industry regulator showed on Thursday. The larger-than-expected inventory build reflects a widening imbalance between recovering seasonal production and softer export demand, a CIMB Securities research report said. “The higher stock level could cap near-term crude palm oil price upside, although downside may remain cushioned if biological tree stress continues to constrain production growth,” it said. It pointed out that production will likely remain seasonally firm in the coming months, though a meaningful recovery in exports will be more important to curb inventories. Cargo surveyors estimated that exports of Malaysian palm oil products for September 1 to 10 fell between 11.7% and 17.5% from a month earlier. Oil prices slipped but remained on track to end the week above $100 a barrel for the first time since mid-May, as attacks along key Middle East shipping routes stoked prolonged supply disruption fears. Weaker crude oil futures make palm a less attractive option for biodiesel feedstock. Dalian’s most-active soyoil contract fell 0.31%, while its palm oil contract shed 1.4%. Soyoil prices on the Chicago Board of Trade were down 1.63%. Palm oil tracks the price movements of rival edible oils, as it competes for a share of the global vegetable oils market. [...]

Indian rupee sees sharpest weekly drop in four months on oil worries

September 11, 2026 11:44

MUMBAI: The Indian rupee slipped on Friday and fell over 1% week-on-week as a sharp rise in oil prices pressured Indian markets, though the central bank’s intervention helped limit the currency’s decline. The Indian rupee declined 0.1% to end at 95.55, weakening for the fourth straight day. On the week, it declined 1.1%, the sharpest fall since mid-May when surging oil prices had pushed it to a record low of 96.96. Oil prices were set to end the week above $100 a barrel for the first time since mid-May, though they edged lower on Friday after the Financial Times reported that Middle East foreign ministers were seeking a temporary deal on shipping through the Strait of Hormuz. Higher oil prices and global bond yields have weighed on the rupee this week, erasing much of an early-September rally that took it to a two-month high near 94.30 per dollar. “We will need to support the forex markets,” RBI Governor Sanjay Malhotra said in a media interview aired on Friday, referring to how the central bank’s potential dollar sales would aid the drainage of excess INR liquidity from the banking system. The RBI is “not taking any tools off the table” to manage liquidity and keep the overnight rate aligned with the key repo rate, Malhotra said, pointing to open market bond sales and FX swaps among the options. Traders said the central bank had likely conducted dollar-rupee sell/buy swaps on Friday for the third consecutive session, as a measure to drain excess cash. Elsewhere, markets turned their focus to upcoming U.S. consumer inflation data due later on Friday. The data will impact the case for a Fed rate hike next week. Forecasts are centred on a 0.2% monthly rise in the core measure of CPI, although risks are seen skewed towards a higher number. “We don’t think the bar is high for today’s CPI to endorse a Fed hike next week,” ING said in a note. [...]

India stocks log fifth weekly loss as oil fears grip markets

September 11, 2026 11:41

India’s equity benchmarks fell for a fifth consecutive week on Friday, as the escalating Middle East conflict pushed crude oil prices higher, raising concerns about inflation and global interest rates. The Nifty 50 dropped 0.34% to 23,398.1 and the BSE Sensex lost 0.16% to 74,781.76. Both indexes fell over 2% this week and about 4.8% over the last five weeks. The sell-off was broad-based, with fourteen of the 16 major sectors logging weekly losses. The broader small-caps and mid-caps also lost 0.9% and 1.4%. The Indian rupee weakened 1% too this week, marking its sharpest weekly drop since mid-May. Brent crude futures have surged over 8% to $104 per barrel so far this week, as attacks on tankers in the Strait of Hormuz intensified and Iran-aligned Houthis threatened Saudi oil exports in the Red Sea as well. “Such a sharp surge in Brent crude was not anticipated by the markets. Unless the Middle East crisis is resolved and Brent crude eases substantially, markets are in for a longer period of subdued performance,” said Ambareesh Baliga, independent market analyst based in Mumbai. Rising oil prices inflamed inflation fears, sending global bond yields to multi-year highs. Higher bond yields typically reduce the appeal of risk assets such as equities for investors. Heavyweight Financials lost 1.9% this week, with top private-sector lenders HDFC Bank and ICICI Bank dropping 0.5% and 3.1% respectively. HDFC Bank fell for a sixth week in a row as uncertainty over its CEO succession continued. Reliance Industries, the third highest weighted stock on the benchmark Nifty 50, also lost 4.9% this week. India’s IT index slumped 5.8% in its biggest weekly percentage drop since April. It was the biggest loser among major sub-sectors, weighed down by prospects of a Fed rate hike next week. Investors await U.S. consumer inflation data later on Friday, seen as a key influence on next week’s Fed interest rate decision. [...]

Bond sales, FX swaps among RBI's options to drain excess liquidity, governor tells

September 11, 2026 11:34

MUMBAI/BENGALURU: The Reserve Bank of India is not taking any tools off the table to manage liquidity and keep the overnight rate aligned with the key repo rate, Governor Sanjay Malhotra told CNBC-TV18 on Friday, adding that bond sales and FX swaps were among the options. Some of the surplus liquidity in the banking system would be withdrawn over time through foreign exchange interventions and banks’ reserve requirements due to rising credit growth, Malhotra said, adding that the central bank’s objective was to maintain appropriate liquidity conditions. “We have enough tools to manage liquidity, other than VRRR (variable rate reverse repos), such as open market operations or FX swaps,” Malhotra said. “Nothing is off the table.” India’s banking system is flush with surplus cash after lenders raised a much larger-than-expected $127 billion under the RBI’s special forex mobilisation scheme, which boosted central bank reserves to an all-time high. However, the excess rupee liquidity has pushed overnight rates below the policy repo rate and prompted the central bank to step up liquidity absorption at a time when elevated oil prices threaten to add to inflationary pressures. India’s banking liquidity surplus hovered at over 10 trillion Indian rupees this week. Malhotra noted that the RBI is “conscious” of the fact that it waived cash reserve ratio requirements on overseas FX deposits, a requirement applicable in normal circumstances. “We will obviously not have a higher CRR or CRR in some other form on those deposits,” he said. RBI’s liquidity mop-up via FX swaps offers a channel of support for rupee Bond yields climb Indian bonds extended their declines after the mention of debt sale as an option to remove rupee liquidity, with yields at their highest levels in more than three months. The benchmark 10-year bond yield rose to 7.035%, up 6 bps on the day, while its 5-year counterpart rose as much as 10 bps to 6.6222%. The RBI could come up with an open market sale of bonds as early as next week, after facing twin hurdles, with banks resisting longer-duration operations and dollar-rupee swaps raising forex hedging costs, four bankers said on Friday. Policy setting ‘appropriate’ Malhotra described the current monetary policy setting as appropriate and said that the nation’s rate-setting panel would assess growth-inflation dynamics when it meets next month. The central bank has factored elevated food prices into its inflation projections and the data seen so far has been along expected lines, he added. India central bank likely deploys FX swaps to mop up overseas deposit-driven liquidity, traders say India will report its consumer inflation data for August on Monday, with economists anticipating a rise to 4.80%, the highest in 20 months, and up from 4.45% in the previous month. The central bank’s inflation forecast for the ongoing fiscal year stands at 5% while its medium-term target is 4%. It is not appropriate to look at just average inflation in assessing monetary policy but also its composition, Malhotra said. Commenting on surging bond yields globally, India’s central bank chief said elevated debt loads and inflation expectations are contributing to the rise in yields overseas but India’s conditions are different. India’s 10-year bond yield has risen 37 bps since the Iran war began in February while its counterparts in the U.S. and Japan have climbed 98 bps and 87 bps, respectively. [...]

Gold loses Rs5,600 per tola in Pakistan amid global market losses

September 11, 2026 9:56

Gold prices in Pakistan decreased on Friday in line with their loss in the international market. In the local market, gold price per tola reached Rs456,736 after a decline of Rs5,600 during the day. Similarly, 10-gram gold was sold at Rs391,577 after it fell by Rs4,801, according to rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). On Thursday, gold price per tola reached Rs462,336 after a decline of Rs600 during the day. The international rate of gold declined by $56 to reach $4,342 per ounce earlier today. Meanwhile, the price of silver also decreased by Rs253 to reach Rs6,871 per tola. [...]

European stocks rise but head for sharp weekly declines

September 11, 2026 9:06

European stocks edged higher on Friday but looked on course for their worst weekly performance since April as high bond yields and fears about aggressive interest rate hikes tempered sentiment ahead of key US inflation data. The pan-European STOXX 600 rose 0.3% to 637.60 points by 0716 GMT. The index closed at a two-month low on Thursday after the European Central Bank raised interest rates as expected and warned of higher inflation as energy prices soar in the wake of a prolonged Middle East conflict. Oil prices were trading above $100 for a third day. The ECB’s hawkish stance has prompted calls for further rate hikes, while government bond yields across the globe have surged. The US 10-year Treasury yield, a benchmark for global borrowing costs, hovered below the closely watched 5% level. The German 10-year yield stayed near multi-decade highs. Investor attention will be on US Consumer Price Index figures due later in the day, which could provide fresh signals on the Federal Reserve’s interest rate path ahead of a monetary policy meeting next week. Among stocks, Italian semiconductor testing company Technoprobe jumped 4.7% as its customer TSMC posted strong August revenue. [...]

Pakistan ‘must reapply’ to retain GSP+ trade benefits as EU expands requirements

September 12, 2026 6:22

Pakistan will be required to submit a fresh application and commit to 32 international conventions, up from the current 27, to retain zero and reduced-tariff access to the European Union market under a revised Generalized Scheme of Preferences Plus (GSP+) regime, an EU spokesperson was quoted as saying by Arab News. The European Union’s new GSP regulation, published on June 22, is set to take effect on January 1, 2027. Despite the transition, EU official clarified that there will be no automatic rollover or guaranteed approval for existing beneficiaries. Under the updated framework, Pakistan will continue benefiting from GSP+ access during a two-year transition period ending in 2028, provided it complies with current obligations. However, to secure access beyond the transition window, Islamabad must file a formal reapplication backed by a forward-looking action plan detailing the implementation of expanded human rights, labour, environmental, climate, and governance standards. “Like all other GSP+ countries, Pakistan will continue to benefit from GSP+ during the 2-year transition period until the end of 2028, subject to compliance with its obligations,” the EU spokesperson said in a written statement to Arab News. The GSP+ status remains a vital economic pillar for Pakistan, which exported €7.5 billion worth of duty-free or concessionary goods, primarily textiles and garments, to the bloc in 2024, saving an estimated €732 million in tariff exemptions. The requirement for a fresh application follows the European Commission’s 2023–2025 GSP monitoring report released in July. While acknowledging progress in certain sectors, the EU report highlighted persistent concerns regarding human rights, prison reforms, enforced disappearances, freedom of expression, child labour, and the protection of minority rights. Although the Ministry of Foreign Affairs welcomed the EU’s periodic assessment, it noted reservations over what it termed an unbalanced portrayal of Pakistan’s performance on human rights and rule-of-law indicators. Last week, while talking to Business Recorder, European Union Ambassador to Pakistan Raimundas Karoblis said that Pakistan has entered a ‘very critical’ juncture in its trade relationship with the European Union, with continued preferential access to its largest export market far from guaranteed unless Islamabad demonstrates credible and measurable progress on human rights, labour rights, environmental commitments and good governance. Karoblis had said the next phase of the EU’s GSP+ would place significantly greater emphasis on implementation rather than merely ratifying international conventions or putting legislation on the statute books. “GSP+ preferences are not for granted,” the ambassador had said, stressing that there were “far from guarantees” over Pakistan’s position under the new system and that necessary political decisions now rested with the government. He had later described the country as being at a “very critical juncture”. [...]

Pakistan, Qatar explore trade routes linking Middle East, Türkiye, Europe

September 12, 2026 1:49

FPCCI calls for stronger economic integration among OIC states

September 12, 2026 12:26

Despite a combined GDP of around $10.77 trillion, trade among the 57 member states of the Organisation of Islamic Cooperation (OIC) accounts for only 20.36% of their total foreign trade, highlighting significant untapped potential for deeper economic integration, the Federation of Pakistan Chambers of Commerce & Industry (FPCCI) said on Saturday. The figures were shared by Atif Ikram Sheikh, President of the FPCCI, while emphasizing the need to promote Islamic economic integration through bilateral and multilateral cooperation, read a statement. He also called for the transformation of Pakistan’s relations with the Islamic world into stronger trade, investment and business partnerships. Sheikh said that the 57-member OIC represents a vast economic market spread across four continents, with a combined GDP of around $10.77 trillion in 2025. OIC countries recorded approximately $1.7 trillion in exports and $1.6 trillion in imports during the year, highlighting the enormous scale of the market and the opportunities available for greater economic integration. He noted that intra-OIC trade reached to US$ one trillion i.e. 20.36% of the member states’ total foreign trade. However, the figures also demonstrate that substantial room remains for expanding trade among OIC countries through improved trade facilitation, connectivity, financial linkages and private-sector cooperation. The President FPCCI said that Pakistan has considerable potential to deepen Islamic economic engagement with OIC markets, particularly in textiles and value-added products, agriculture and food processing, pharmaceuticals, engineering goods, minerals and mining, information technology, halal products, tourism, logistics and renewable energy. He stressed that the focus should not remain limited to conventional trade but should increasingly include joint ventures, technology partnerships, investment and regional value chains. Sheikh said Pakistan’s strategic location, sizeable consumer market, young population, industrial base and investment opportunities under the Special Investment Facilitation Council (SIFC) provide a strong foundation for attracting investment from OIC countries. He called for greater business-to-business interaction, joint investment projects and institutional linkages between chambers and business organisations across the Islamic world. “The Islamic world possesses enormous economic resources and markets. Our objective should be to convert this potential into greater trade, investment, joint ventures and sustainable business partnerships,” he added. [...]

Gold price gains Rs400 per tola in Pakistan

September 12, 2026 10:17

India regulator plans changes to set expiry days' settlement prices for derivatives

September 12, 2026 6:56

MUMBAI: India’s markets regulator proposed on Saturday to use both closing auction session (CAS) and volume-weighted average price (VWAP) to determine settlement prices for index and single-stock derivatives on expiry days, in a bid to improve the CAS system. The Securities and Exchange Board of India also proposed changes to the closing auction process, including tightening the price band and cutting to five minutes from 10 the post-closing auction window for the derivatives segment. [...]

VinFast names founder's eldest son as its global chief executive

September 12, 2026 6:03

HANOI: Vietnamese electric vehicle maker VinFast on Saturday named Chairman Pham Nhat Quan Anh, the eldest son of founder Pham Nhat Vuong, as its global chief executive as the loss-making firm plans a restructuring and overseas expansion. Anh, 33, who was appointed global chairman in May, will also serve as chairman and chief executive officer of VinFast Vietnam. The EV maker is planning to restructure into a more asset-light company as it seeks growth in key markets such as Southeast Asia and India. “Pham Nhat Quan Anh will hold ultimate and comprehensive responsibility for all of VinFast’s operations as the company enters a new phase of growth,” the company said in a statement. Anh will succeed his father, founder Pham Nhat Vuong, as chief executive. Vuong will continue to serve on VinFast’s board. Anh will be VinFast’s fifth chief executive. Previous CEOs include former General Motors executive James DeLuca, ex-Opel chief Michael Lohscheller, and Le Thi Thu Thuy, who led the company through its Nasdaq listing. VinFast plans to develop two India-specific EVs in strategy shift, sources say In May, VinFast unveiled a restructuring plan that would transfer manufacturing assets worth about $530 million to a purchaser group that would also take on about $6.9 billion in debt, as the automaker seeks to reduce future capital requirements. The complexity of the deal and the involvement of investors with ties to Vingroup and Vuong has raised concerns for some analysts and shareholders. VinFast reported a rise of nearly 42% in first-quarter revenue but posted a wider net loss. It has received ongoing financial support from Vuong, the founder and chairman of Vingroup, Vietnam’s biggest conglomerate and VinFast’s parent company. Anh is a graduate of Singapore Management University and held a number of senior roles at VinFast and other Vingroup companies before becoming chairman of VinFast Auto. He will remain as chief executive of VinMetal, a steel producer within the Vingroup conglomerate. Also on Saturday, Pham Nhat Minh Hoang, Vuong’s second son, was named as global chief executive officer at VinFast-linked taxi firm GSM, with Nguyen Quoc Tuan appointed global chairman. GSM is planning a Hong Kong listing in 2028, and plans to purchase around 1 million EVs and 4 million e-scooters from VinFast between 2026 and 2030. [...]

PHDEC organises workshop

September 12, 2026 2:13

MULTAN: The Pakistan Horticulture Development & Export Company (PHDEC), in collaboration with the Mango Research Institute (MRI), Multan, organised a special workshop for mango growers, orchardists and relevant stakeholders at Lutfabad Mango Farms, Multan. The objective of the workshop was to provide participants with practical training and awareness regarding modern and scientific mango production, improved orchard management, effective disease prevention and management, and modern pruning techniques. During the technical session, Dr Asif ur Rehman, Director MRI, highlighted modern orchard management and production practices, while Dr Javed Iqbal highlighted the importance and benefits of scientific pruning. Engr Shehzad Ahmed, Additional Director General (AMRI), provided guidance on the use of modern agricultural machinery for mechanical pruning, while Abid Hameed Khan, Scientific Officer, provided guidance on the practical aspects of manual and mechanical pruning. Renowned mango grower and exporter Major Tariq Khan (R) shared his practical experiences. Dr Ghazali provided a technical briefing on major mango diseases, their identification, prevention and effective management. The participants also presented their field-related issues before the experts. During the workshop, a practical field demonstration of manual and mechanical pruning was also conducted, providing participants an opportunity to observe the practical application and benefits of modern techniques. PHDEC also briefed the participants on its ongoing initiatives for strengthening the mango value chain, including certification support, mango bagging, technical training, quality improvement, market access, export promotion, post-harvest management and value addition. Asif Tipu briefed the participants on the importance of STS and its future prospects in the mango sector. In his concluding remarks, Chief Executive Officer PHDEC, Muhammad Naseer, termed the workshop an important step towards strengthening linkages between research and the field and expressed his commitment to continued collaboration with all stakeholders for the sustainable development of the mango sector, quality improvement, certification, market development and promotion of exports. The PHDEC team, also invited the participants to participate in upcoming national and international events, including FoodAg Karachi, November 2026, and Horticulture Expo Lahore, March 2027, to promote access to new markets, buyers and business opportunities for Pakistani mangoes and other horticultural products. Copyright Business Recorder, 2026 [...]

Minister hopes for achieving cotton production target

September 12, 2026 1:59

LAHORE: Punjab Minister for Agriculture Syed Ashiq Hussain Kirmani on Friday hoped that keeping in view the current cotton crop situation; the production target will be achieved. He was speaking at a review meeting on cotton, wheat and smog control during his visit to Multan. MPA Muhammad Salman Naeem, Secretary Agriculture Punjab Shakeel Ahmad Mian, Vice Chancellor Professor Dr Asif Ali, Special Secretary Agriculture South Punjab Sarfraz Hussain Magsi, Directors General of Agriculture Department Punjab Naveed Asmat Kahlon, Dr Aamir Rasool and Dr Sajid-ur-Rehman along with farmers attended the meeting. The participants were given a detailed briefing on the current cotton situation, the strategy for the upcoming wheat crop and the ongoing smog control campaign. The meeting was informed that prevailing cotton prices were encouraging. Syed Ashiq Hussain Kirmani said that, in view of the current cotton situation, the production target would be achieved. He said a comprehensive strategy would be formulated for wheat cultivation and all possible resources and means would be utilized to ensure profitable cultivation and better wheat production. The provincial minister said alternative facilities were being provided to farmers for the proper disposal of rice crop residues. He said 10,000 Super Seeders had already been provided to farmers at subsidised rates, while 450 modern harvesters and 150 balers had also been provided. On the occasion, Secretary Agriculture Punjab Shakeel Ahmad Mian said the smog control campaign launched by the Agriculture Department Punjab was being closely monitored. He added that focal persons had been appointed at the provincial and district levels to ensure effective monitoring and implementation of the campaign. Copyright Business Recorder, 2026 [...]

GDA DG anticipates Rs23bn private investment in Thandiani

September 12, 2026 12:46

PESHAWAR: The Director General (DG) Galiyat Development Authority (GDA), Mohammad Fawad has said that the promotion of eco-friendly tourism and safeguarding natural beauty is amongst their top priorities, where a massive investment of Rs23 billion is anticipated from a private investor under the Thandiani Integrated Tourism Zone (ITZ) project. Speaking to a delegation of Peshawar-based journalists during a visit organized by the Khyber Pakhtunkhwa Culture and Tourism Authority, the GDA chief outlined several major initiatives launched by the authority. These measures aim to preserve the region’s ecological balance and lush forests while providing tourists with modern, safe, and environmentally conscious facilities that also uplift the local community’s standard of living. Among these initiatives is the rollout of electric sightseeing carts, designed to reduce traffic congestion and environmental pollution at key tourist spots while offering visitors a smoother travel experience. Furthermore, over the past year, the GDA has placed a complete ban on concrete construction, mandating the use of prefabricated and wooden eco-friendly structures instead. This policy is designed to protect Galiyat’s fragile mountain landscape and forests from the toll of unmanaged urban sprawl. To curb haphazard high-rise construction, the authority amended its 2020 building control rules to introduce the new Building Control Regulations (BCR-2026). These updated guidelines strictly regulate building heights and volumes in sensitive ecological and tourist zones, reducing maximum permitted building heights from seven floors down to five in order to preserve scenic sightlines and maintain the region’s distinct alpine character. A major milestone in Galiyat’s tourism development is the agreement signed with a private investor for the integrated development of nearly 400 kanal of land in Thandiani. Alongside the expected private investment of around Rs23 billion, the project is projected to generate nearly Rs2.5 billion in revenue for the Khyber Pakhtunkhwa government. Local authorities describe the Thandiani project as a flagship endeavor that will deliver modern, low-impact infrastructure, generate new employment opportunities, and stimulate economic activity without compromising the natural environment. Infrastructure upgrades also address Galiyat’s vital water systems. To protect natural springs and freshwater sources from pollution, construction is currently underway on a water treatment plant in Nathiagali to prevent sewage and wastewater from contaminating local water supplies. Overall, the GDA’s ongoing reforms signal a shift away from high-density, high-volume tourism toward a sustainable model that preserves Galiyat’s forests, hydrology, and unique ecological identity as a world-class destination. Copyright Business Recorder, 2026 [...]

Anti–dumping probe into soda ash import: Türkiye Trade Ministry conveys its regrets

September 12, 2026 12:46

ISLAMABAD: The Ministry of Trade, Türkiye officially expressed its regrets for the initiation of the anti–dumping investigation and unexpected imposition of provisional measures on the import of soda ash which would impede the operation of market forces in a competitive environment. The government of Türkiye has conveyed its official reservations over the Preliminary Determination and Imposition of Provisional Anti-Dumping Duties on Imports of “Soda Ash” Originating in the Republic of Kenya and the Republic of Türkiye. Türkiye, once again, pointed out that the imports are unlikely to exert any substantial negative impact on domestic production. On the contrary, they may yield several positive outcomes. Import diversification enhances consumer choice by providing access to a broader array of products. Furthermore, increased competition can stimulate innovation and efficiency within domestic industries, leading to improvements in both product quality and production processes. Additionally, exposure to international markets encourages local producers to align with global standards and trends, thereby strengthening their competitiveness. Therefore, any anti-dumping measure (provisional or definitive) is not in public interest and will also harm the domestic industry in medium and long term. Ministry of Trade Directorate General for Imports Türkiye certainly believed that the said points will be taken into consideration and the Commission will act consistently with the pertinent provisions of the Anti – Dumping Agreement and relevant WTO – jurisprudence. Türkiye reserves all its rights stemming from the related WTO Agreements with regard to this proceeding, it warned. The Commission, without any concrete evidence, comes to a conclusion that economic indicators of the domestic industry showed a declining trend due to the imports from Türkiye. However, for most injury parameters, the Commission has failed to conduct a proper and objective examination of the correlation between the subject imports and the alleged injury. Especially taking into account that imports from subject countries were insignificant and when it rose the economic indicators of the domestic industry rose simultaneously. This parallel movement undermines any causal link between the subject imports and the claimed injury and calls into question the Commission’s conclusion. Hence, it is impossible to link the domestic industry’s alleged injury with the imports from Türkiye. It is evident that almost all economic indicators of the domestic industry improved after the imports from subject countries surged from 0 to 3.21 in Year-1. When imports rose to 3.75 in Year-2 again many of the economic indicators of domestic industry remained stronger than in the base year. Although slight deteriorations were observed in certain economic parameters, these cannot reasonably be attributed to the alleged dumped imports. Instead, the evidence indicates that such changes resulted from the contraction of the total domestic market, which declined by 9% during the POI. Accordingly, to the extent that any injury exists, it was caused by the overall shrinkage in market demand rather than by the subject imports, the country added. Copyright Business Recorder, 2026 [...]

75 years of statistics on free digital platform: EPBD think tank rolls out ‘Pakistan Economic Dashboard’

September 12, 2026 12:46

ISLAMABAD: The Economic Policy and Business Development (EPBD) Think Tank has launched a public ‘Pakistan Economic Dashboard’, bringing more than 75 years of official economic and social statistics onto a single free digital platform. The dashboard, launched as an EPBD initiative, aims to address the longstanding problem of dispersion of Pakistan’s economic data across statements, releases and reports of different public agencies. The platform covers ten subject areas, including GDP and real growth, policy rate, balance of payments, power-sector losses and household living standards, besides a Pakistan Scorecard featuring rankings on governance and economic and social indicators. According to EPBD, the dashboard brings together long-term statistics on GDP and growth, energy, prices, debt, trade and socio-economic indicators, while identifying changes in methodologies, benchmarks and indices to facilitate meaningful comparison of historical data. The think tank said no data on the dashboard has been estimated, modelled or filled in, with every figure sourced from official national sources. It added that series have not been chained across changes in base years or definitions. EPBD said the initiative is intended to save researchers, policymakers, journalists, academics and other users from manually reconciling data from multiple official documents. The dashboard documents the decisions involved in compiling the historical series and also publishes the underlying data. The Pakistan Economic Dashboard is available free of charge without subscription or registration and is hosted as a self-contained digital page on the EPBD website. The organisation said it does not make external requests, set cookies or store information in the browser, allowing it to be used even on slow connections or shared computers. EPBD has invited researchers, academia, students, journalists, policymakers, practitioners, officials and the general public to use the resource and report any errors, inconsistencies or suggestions for further improvement. Copyright Business Recorder, 2026 [...]

Oil falls but head for 8pc weekly gain

September 12, 2026 12:46

HOUSTON: Oil prices fell on Friday but remained on course for a weekly gain of more than 8 percent, while US diesel prices hit a record high as attacks along Middle East shipping routes stoked concerns about prolonged supply disruptions. Brent crude futures settled at USD104.61 a barrel, down USD3.02, or 2.81 percent. US West Texas Intermediate crude finished at USD100.05 a barrel, down USD2.43, or 2.37 percent. During the session, both benchmarks hit their highest levels since mid-May. Both reversed early gains after the Financial Times reported that foreign ministers in the Middle East are trying to work out a temporary deal with Iran to manage shipping through the Strait of Hormuz. On Thursday, Brent and WTI rose more than 6 percent after an escalation in shipping attacks in the region. But on Friday, traders were re-evaluating the risk. “The things that were causing the panic yesterday are easing today,” said Phil Flynn, senior analyst with the Price Futures Group. “The question is will the market remain calm over the weekend? That’s when things seem to happen.” The report of talks on the future of Hormuz had the biggest impact on market sentiment. “Some headlines of possible new talks in the Middle East are weighing moderately on oil prices today,” said UBS energy analyst Giovanni Staunovo. “I keep seeing near-term risks to the upside for oil prices, but we should expect ongoing high price volatility too.” In a further development for Riyadh, satellite imagery showed smoke on Thursday in the vicinity of Saudi Arabia’s East-West Pipeline, vital for the kingdom to divert its crude exports away from Hormuz. As more reporting said a pumping station on the pipeline had been damaged by militants, prices stayed lower. “It’s surprising the oil market remains down in light of reporting that Houthi attacked the East-West Pipeline, which would impact 7 million barrels of crude,” said Andrew Lipow, president of Lipow Oil Associates. “Repairing a pumping station would require a lot more than repairing a break in the pipeline,” Lipow said. “Electrical systems would have to be repaired, the pumping system would need to be repaired.” Saudi Arabia’s crude supply fell by 2.3 million barrels per day on the month to 6 million bpd in August, the lowest level in more than three decades, the International Energy Agency said on Friday, citing attacks on Saudi energy facilities. Adding to concerns over regional oil flows, Yemen’s Houthis on Friday reached the island of Perim in the Bab el-Mandeb Strait, four Yemeni government sources told Reuters, potentially tightening their grip on one of the world’s vital shipping routes. Iran said it had attacked 10 ships near the Strait of Hormuz on Wednesday, after the US hit five Iranian oil tankers. Iran’s Islamic Revolutionary Guard Corps said it would escalate its response to any further attacks. Vessel transits at the Strait of Hormuz fell to seven on Thursday from 11 the previous day, preliminary ship-tracking data showed on Friday. The strait handled about 125 commodity vessels and one-fifth of global daily oil and liquefied natural gas supplies before the Iran war began in late February. Meanwhile, two European Central Bank policymakers opened the door on Friday to further interest rate increases if a war-fueled rise in energy prices continues and pushes up other prices in the euro zone. Supply disruptions lift fuel prices Oil supply disruptions due to the Iran war, along with Ukrainian attacks on Russia’s refineries, pushed the US national average diesel price past USD6 a gallon for the first time on Thursday, according to price tracker GasBuddy. “Refined products, particularly diesel, are feeling a one-two punch right now,” said Tim Waterer, chief market analyst at KCM Trade. “As long as both the Gulf shipping constraints and Russian refining outages remain in play, diesel and other refined products are likely to show a higher upside tendency than the broader crude market,” he added. Commerzbank raised its year-end Brent crude forecast to USD85 a barrel from USD75, while increasing its diesel forecast to USD1,200 a ton from USD950 and its jet fuel forecast to USD1,230 a ton from USD980. [...]

IEA warns 2026 oil supply gap will widen

September 12, 2026 12:46

LONDON: Global oil supply and demand look set to fall further than previously expected this year, the International Energy Agency said on Friday, as a lack of progress in ending the conflict in the Middle East delays the return of normal Gulf oil flows into 2027 and sends fuel prices soaring. World supply in 2026 is now expected to decline by 5.7 million barrels per day, or about 6 percent, the IEA, which advises industrialised countries, said in a monthly report. That is up from a drop of around 4 percent seen previously. An increase in attacks on oil tankers in Middle East shipping routes has helped send crude prices towards $110 a barrel this week for the first time since May. Refined products have risen even more sharply, with fuels such as diesel reaching record highs, as conflict in the Middle East and between Russia and Ukraine damages oil refineries. Although demand is weakening under the weight of high fuel prices, supply is falling even faster, forcing inventories to be depleted at a record pace. Global stocks fell by 3.1 million bpd in August, the IEA said, to a level last seen in 2023. “Inventories have so far played a crucial role in balancing the market,” the IEA said. “With buffers shrinking and the global refining system stretched to the limit, the need for progress in resolving the conflict in the Middle East – and the Russia-Ukraine war, which is now in its fifth year – is greater than ever to avoid further market tightening.” Saudi output hits lowest in over 3 decades Attacks on Saudi energy facilities and a US blockade on Iran have cut oil output by producer group OPEC+, which declined by 1.8 million bpd to 38.8 million bpd in August, the IEA report said. The IEA said Saudi Arabian crude supply fell by 2.3 million bpd to 6 million bpd in August, the lowest level in more than three decades after attacks disrupted facilities and shipping routes. Houthi-linked groups struck vessels transiting Bab el-Mandeb, the Jazan refinery and shipping near Yanbu, while Iran-backed militias in Iraq used drone strikes to hit the Abqaiq oil processing complex. Iran-aligned Houthis seized control of Yemen’s port of Mocha on Thursday, posing a further threat to Red Sea traffic. Demand falls more than expected, to rebound in 2027 Oil demand is also falling more than expected, partly due to record fuel prices. World oil demand will drop by 2.5 million bpd this year, the IEA said, more than its previous forecast of a 1.6 million bpd decline. By contrast, producer group OPEC still expects world oil demand to grow this year, even though it lowered its forecast for a fifth straight month on Thursday. OPEC sees demand rising by 380,000 bpd in 2026. Both forecasters expect a rebound in fuel use next year. The IEA expects demand to rise by 2.6 million bpd in 2027 and OPEC sees a similar expansion of 2.36 million bpd. [...]

PM places two-hour cap on power load-shedding

September 12, 2026 12:46

ISLAMABAD: Prime Minister Shehbaz Sharif on Friday ordered the authorities to cap load-shedding at two hours in any area, as officials blamed disruptions in RLNG supplies amid regional tensions for a fresh squeeze on electricity generation and worsening power outages across the country. Chairing a high-level meeting on power load management, the prime minister expressed displeasure over the increase in outages in several cities and directed the authorities to deploy all available resources to prevent the power shortfall from being passed on to consumers in the form of prolonged load-shedding. Officials told the meeting that interruptions in the supply of re-gasified liquefied natural gas (RLNG), caused by the regional security situation and transportation difficulties, had widened the gap between electricity demand and supply and forced authorities to resort to load management. The briefing effectively placed the latest increase in power cuts on external supply disruptions, with officials telling the prime minister that reduced RLNG availability had led to a decline in power generation. Sharif, however, made it clear that the supply problem could not become a justification for unchecked outages. “All available resources should be utilised effectively so that load-shedding in any area does not exceed two hours,” he directed. He ordered the authorities to take immediate steps to deal with interruptions in RLNG transportation and directed them to prepare for future requirements so that disruptions in fuel supplies did not translate into prolonged electricity outages for consumers. The prime minister also ordered all power distribution companies (Discos) to establish Consumer Grievance Redressal Committees within one week to deal with complaints regarding electricity supply and other transmission-related problems. Significantly, he directed that consumer representatives be included in the committees, apparently aimed at bringing greater accountability to the handling of mounting consumer complaints. Officials informed the meeting that consumers could lodge electricity-related complaints through helpline 118 and would receive a token number along with an estimated timeframe for resolution. The meeting was also told that monsoon rains were not currently disrupting electricity supplies across the country, except for six consumers in Rajanpur district. This left RLNG supply disruptions, rather than the rains, as the principal explanation offered to the prime minister for the decline in power generation and the resulting pressure on the national electricity system. The prime minister directed the relevant authorities to urgently address the RLNG supply disruption and ensure that the impact of the power shortfall was not disproportionately shifted onto consumers. The meeting was attended by Planning Minister Ahsan Iqbal, Economic Affairs Minister Ahad Cheema, Information Minister Attaullah Tarar, Petroleum Minister Ali Pervaiz Malik, Power Division Minister Awais Leghari, Prime Minister’s Adviser Rana Sanaullah, Minister of State for Finance Bilal Kiani and senior government officials. Copyright Business Recorder, 2026 [...]

Senate panel meeting on Monday: Ufone rebranding, Starlink and Etisalat top agenda

September 12, 2026 12:46

ISLAMABAD: The Senate Standing Committee on Information Technology and Telecommunication is set to take up a wide-ranging agenda on Monday, including the reported rebranding of Ufone following its merger with Telenor, Starlink’s launch, USD 800 million in outstanding Etisalat dues, and alleged overcharging of mobile users by Jazz. The committee will also examine internet shutdowns, telecom competition rules, security concerns over satellite connectivity, alleged transfer of sensitive government officials’ data to foreign entities and employment issues at Pak Datacom. The committee will receive a briefing from the Ministry of IT and Telecommunication (MoITT) on the reported change of Ufone’s name to “e&” following the Ufone-Telenor merger. It will also seek an updated briefing on the launch of Starlink operations in Pakistan, amid continued interest in satellite-based internet services for underserved and remote areas. The committee has also placed on its agenda a briefing by the IT Secretary on the reported shift of Pak Datacom to a foreign satellite, with members expected to examine the associated national security concerns. Another key issue is the reported USD800 million outstanding amount owed by Etisalat in connection with the privatisation of Pakistan Telecommunication Company Limited (PTCL). The committee will also seek minutes of PTCL Board meetings held during the last six months. The committee will separately examine the status of court cases and stay orders involving LDI/FLL companies and seek a way forward from the Secretary, Ministry of IT and Telecommunication. The Chairman PTA and Auditor General of Pakistan will brief the committee on a purported audit report alleging that Jazz charged mobile users Rs6.58 billion in excess, along with the reported provision allowing the operator to increase tariffs by up to 15 percent quarterly. The committee will seek details of any action taken by the Pakistan Telecommunication Authority (PTA) to safeguard mobile consumers’ rights if the audit findings are substantiated. The committee will also take up a serious cyber-security matter involving the alleged obtaining and transfer of sensitive personal data of Pakistani government officers to foreign entities. The Director General, National Cyber Crime Investigation Agency (NCCIA), will brief members on the alleged data transfer, the magnitude of the threat, and measures being taken to prevent future data breaches. The committee will also consider a point of public importance raised by Senator Atta-ur-Rehman concerning the closure of mobile services in LakkiMarwat, Khyber Pakhtunkhwa, raised in the Senate sitting on November 13, 2025. A briefing will also be given on Universal Service Fund (USF) projects for the provision of internet and telecommunications facilities in Qila Abdullah, Balochistan, including locations, approved allocations, current status, and expected completion dates. The committee will also examine the number of villages and public-sector institutions expected to benefit and measures for extending digital access to remote areas of Balochistan. The telecom competition regime will come under scrutiny as the committee will be briefed on whether the Telecom Competition Rules have been notified as required under Section 57 of the Pakistan Telecommunication (Re-organization) Act, 1996. The committee will also consider the report of its sub-committee constituted to investigate and rectify issues relating to internet connectivity and the reported disappearance of diesel meant for telecom towers in different parts of the country. Connectivity problems affecting 40 Pakistan Railways trains, including lack of signals and Wi-Fi network facilities, are also on the agenda. In addition, the committee will consider a request from Pak Datacom employees concerning termination of their employment. Copyright Business Recorder, 2026 [...]

Gaps in demand estimates: Nepra chief calls for transparent power generation projections

September 12, 2026 9:36

ISLAMABAD: Chairman National Electric Power Regulatory Authority (Nepra) Waseem Mukhtar has questioned ISMO, DISCOs and CPPA-G over significant variations in their demand projections, calling for a rational and transparent mechanism to align future generation capacity with prevailing and projected electricity demand while protecting consumers from unnecessary capacity costs. In his additional note on the Integrated System Plan (ISP) 2025-35, approved by Nepra, the Chairman said concerns raised by various stakeholders regarding the risk of surplus generation capacity warranted serious consideration. However, according to him, ISMO failed to provide a satisfactory response to these concerns during the proceedings. He said Pakistan’s power sector continued to face a structural challenge of surplus generation capacity, resulting in substantial capacity payments and an increasing cost burden on consumers. READ ALSO: Power generation up in Feb The situation, he noted, was further aggravated by declining electricity sales and lower utilisation of generation assets, which increased capacity charges on a per-unit basis. According to the Chairman, the higher cost of grid electricity was consequently suppressing demand as consumers increasingly shifted towards comparatively cheaper alternative sources while retaining the grid primarily as a backup. He termed this a self-reinforcing cycle in which declining grid demand leads to underutilisation of generation capacity, higher per-unit capacity costs and further migration away from the grid. “This cycle is adversely affecting affordability, efficiency and long-term sustainability of the power sector,” he observed. Mukhtar said that during a recent Fuel Charges Adjustment (FCA) hearing, ISMO had indicated that daylight electricity demand had declined to approximately 12,000 MW, broadly corresponding to generation from must-run plants. In view of changing consumption patterns and the increasing reliance of consumers on alternative energy sources, he stressed the need for concerted measures to reduce the cost of grid electricity and restore its competitiveness. Such measures, he said, were necessary to encourage consumers to remain connected to and optimally utilise the national grid. The Nepra Chairman also highlighted transmission constraints as another factor aggravating the problem, saying inadequate transmission capacity restricted evacuation of comparatively cheaper available electricity to load centres. He called for transmission projects to be executed on a priority basis to facilitate efficient evacuation of low-cost generation. However, he cautioned that such investments should remain appropriately aligned with prevailing and projected demand so that they did not create additional stranded or underutilised capacity. Mukhtar said the ISP was intended to provide an integrated framework for generation and transmission expansion and should, therefore, also assess, to the extent reasonably practicable, the likely impact of proposed investments and capacity additions on end-consumer tariffs. Incorporating such an assessment, he said, would facilitate more informed, holistic and economically sustainable power-sector planning. The Chairman also raised questions over the treatment of projects previously categorised as “committed” under assumptions and criteria prescribed by the Council of Common Interests (CCI) in 2021. He noted that ISMO had excluded several projects from the IGCEP that had earlier been categorised as committed. “Since then, the system scenario has evolved considerably, particularly with rising rooftop solar penetration and slowing demand growth,” he said. According to Mukhtar, these developments warranted a rational and transparent mechanism for aligning upcoming generation capacity with prevailing and projected demand while safeguarding consumer interests. He said committed projects should remain subject to clearly defined progress criteria and milestones. Any project failing to demonstrate satisfactory progress within the stipulated timeframe, he added, should be excluded from the committed list after due diligence and completion of the relevant legal process, rather than being retained indefinitely. The Chairman particularly cautioned against retaining projects where their continued inclusion could result in unnecessary generation capacity and associated costs for consumers. He further called for all generation projects to be included in the ISP on the basis of merit-based and transparent criteria. Mukhtar also questioned the consistency of assumptions and projections submitted by various stakeholders, saying the effectiveness of the ISP depended significantly on the reliability and consistency of such inputs. During the review of the ISP, Distribution Investment Plan (DIP) and Power Price Projections (PPP), he said, significant variations had been observed in demand projections submitted by ISMO, DISCOs and CPPA-G. He termed demand a fundamental planning assumption and warned that divergence among the projections undermined the certainty and robustness of the overall planning exercise. Since future generation requirements were directly dependent on the demand outlook, he said, reasonable alignment and reconciliation of demand projections was essential for determining the appropriate quantum, timing and composition of required generation capacity. He directed that subsequent iterations of the ISP should clearly identify and reconcile the assumptions underlying demand projections submitted by all relevant stakeholders. The additional note by the Nepra Chairman comes at a critical juncture for Pakistan’s power sector, which is simultaneously dealing with excess generation capacity, rising capacity-related costs, declining grid demand, rapid rooftop solar adoption and constraints in transmitting cheaper electricity to major load centres. Copyright Business Recorder, 2026 [...]

Martyrs of Pakistan are our pride, national heroes: CM Punjab

September 12, 2026 9:36

LAHORE: Punjab Chief Minister Maryam Nawaz Sharif has paid rich tribute to the hero of the 1965 war, Major Aziz Bhatti Shaheed, Nishan-e-Haider recipient, on his martyrdom anniversary. In her message, the Chief Minister said that the martyrdom of a Shaheed becomes a message of renewed life for the nation. She said Major Aziz Bhatti Shaheed displayed extraordinary courage and valour while defending the motherland, leaving the enemy astonished. “The entire nation is proud of Major Aziz Bhatti Shaheed’s supreme sacrifice for the defence of the motherland,” she said. Maryam Nawaz Sharif said that those who sacrificed their precious lives for the protection of Pakistan were the heroes of the entire nation. “The Pakistani nation takes immense pride in the great sacrifices of its martyrs,” she added. The Chief Minister said Major Aziz Bhatti Shaheed demonstrated unparalleled courage and bravery during the 1965 war. “The nation will never forget the sacrifices of its martyrs,” she said. She said Major Aziz Bhatti Shaheed laid down his life in defence of the motherland and became an everlasting symbol of courage, patriotism and sacrifice. “The martyrs of Pakistan are our pride and national heroes. The courage and bravery of Major Aziz Bhatti Shaheed is an example worthy of emulation,” Maryam Nawaz Sharif said. The Chief Minister paid tribute to all martyrs who sacrificed their lives in the defence of the motherland. Copyright Business Recorder, 2026 [...]

Plea to integrate economies of Islamic world

September 12, 2026 9:36

KARACHI: Atif Ikram Sheikh, President of the Federation of Pakistan Chambers of Commerce & Industry (FPCCI), has called for greater business-to-business interaction, joint investment projects and institutional linkages between chambers and business organizations across the Islamic world. He emphasized the need to promote Islamic economic integration through bilateral and multilateral cooperation and transform Pakistan’s relations with the Islamic world into stronger trade, investment and business partnerships, stressing that the upcoming FPCCI Islamic Economy Summit with Diplomats on 7th October 26 at the Federation House in Karachi would provide an important platform for this purpose. He said that the 57-member Organisation of Islamic Cooperation (OIC) represents a vast economic market spread across four continents, with a combined GDP of around US$10.77 trillion in 2025. OIC countries recorded approximately US$1.7 trillion in exports and US$1.6 trillion in imports during the year, highlighting the enormous scale of the market and the opportunities available for greater economic integration. He noted that intra-OIC trade reached one trillion dollars, 20.36 percent of the member states’ total foreign trade. However, the figures also demonstrate that substantial room remains for expanding trade among OIC countries through improved trade facilitation, connectivity, financial linkages and private-sector cooperation. The President of FPCCI said that Pakistan has considerable potential to deepen Islamic economic engagement with OIC markets, particularly in textiles and value-added products, agriculture and food processing, pharmaceuticals, engineering goods, minerals and mining, information technology, halal products, tourism, logistics and renewable energy. He stressed that the focus should not remain limited to conventional trade but should increasingly include joint ventures, technology partnerships, investment and regional value chains. Atif Ikram Sheikh said Pakistan’s strategic location, sizeable consumer market, young population, industrial base and investment opportunities under the Special Investment Facilitation Council (SIFC) provide a strong foundation for attracting investment from OIC countries. He said the FPCCI Islamic Economic Summit will bring together diplomatic missions, commercial representatives, government institutions, financial organizations, chambers of commerce and leading business representatives to identify practical opportunities for trade, investment and joint ventures. Atif Ikram Sheikh emphasized that FPCCI intends to use the Summit to develop practical and actionable proposals for strengthening Pakistan’s economic relations with OIC countries and to pursue their follow-up with the relevant ministries, institutions, diplomatic missions and private-sector stakeholders. “The Islamic world possesses enormous economic resources and markets. Our objective should be to convert this potential into greater trade, investment, joint ventures and sustainable business partnerships,” he added. Copyright Business Recorder, 2026 [...]

Clifton, Defence: Damlottee pipeline project to supply 10MGD additional water

September 12, 2026 9:36

KARACHI: ‎Mayor Karachi Barrister Murtaza Wahab has taken a major initiative to improve the city’s water supply by adding 10 MGD for Defence and Clifton areas. ‎Karachi Water and Sewerage Corporation (KW&SC) and the Frontier Works Organisation (FWO) signed an agreement for construction of a new pipeline from Damlottee, Gadap Town. ‎The Mayor said under the project, the pipeline will transport an additional 10 million gallons of water daily (MGD) from Damlottee to Defence and Clifton, helping ease persistent water shortages in the two key residential and commercial areas. ‎The construction work on the Damlottee pipeline will begin next week and the project will be completed within 12 months, at the estimated cost of Rs14 billion. ‎The additional water supply as a significant step towards addressing Karachi’s chronic water shortage, he said. ‎Mayor said the project was being undertaken through the joint efforts of the Sindh government and the KW&SC, adding that government support was helping strengthen and improve the city’s water-supply infrastructure. ‎He thanked the Sindh government for its cooperation and support for the Damlottee project. Sustained investment in water infrastructure was essential to meet Karachi’s growing needs. ‎The agreement-signing ceremony was attended by FWO Head Brigadier Adnan Akhtar Ali, Station Commander Brigadier Imran Asghar, DHA Administrator Brigadier Amir Nawaz Khan, Sindh Local Government Secretary Dr Wasim Shamshad and other senior officials. ‎National Assembly member Dr Mirza Ikhtiar Baig, Pakistan Peoples Party leader Syed Najmi Alam, Mayor’s Spokesperson Karamullah Waqasi, KW&SC’s CEO Ahmed Ali Siddiqui, Chief Operating Officer Engineer Asadullah Khan, Secretary Board Abdul Raqeeb and Damlottee Project Director Muhammad Zahiid besides senior officials of the KW&SC and other relevant institutions. Copyright Business Recorder, 2026 [...]

EPA Punjab intensifies technology-based crackdown

September 12, 2026 9:36

LAHORE: The Punjab Environment Protection Agency (EPA) has intensified its technology-based pre-smog enforcement operation across the province, deploying thermal drone surveillance alongside specialised day and night enforcement squads to identify pollution sources and pinpoint environmental violators. During the past 24 hours, the EPA teams inspected 243 industrial units across Punjab, including 28 in Lahore. The operation also covered 366 brick kilns, while 233 food outlets were issued notices for proper suction-hood compliance and four restaurants were specifically inspected for suction-hood arrangements. With the help of thermal drone technology, day and night squads are continuously identifying smoke, emissions and other pollution sources across Punjab. Once a drone detects a pollution source, it helps enforcement teams pinpoint the exact location and address of the suspected violator. The EPA field enforcement staff are then dispatched to the identified site, where they conduct an on-ground inspection and take action against the violator in accordance with environmental regulations. The technology-based system is enabling the EPA to move from general surveillance towards targeted enforcement, allowing field teams to reach the actual source of pollution identified through aerial monitoring. EPA Punjab Director General Abdullah Nayyar Sheikh has directed enforcement teams to maintain strict surveillance of industries and brick kilns and take immediate action against units contributing to air pollution. Sheikh said no industrial unit or brick kiln violating environmental standards would be allowed to escape enforcement. He said thermal drone surveillance was strengthening the department’s ability to identify pollution sources during both daytime and nighttime operations. Special night squads and night surveillance operations are continuing across Punjab, with thermal drones being deployed to identify emissions and pollution sources. Once a violator is located, field enforcement teams move to the identified site for action. Restaurants and food outlets are also under strict environmental monitoring, particularly regarding proper suction-hood arrangements to control cooking smoke and fumes. The DG EPA warned that restaurants operating without the required environmental arrangements would also face strict enforcement. He said the department was pursuing a zero-tolerance approach towards sources of air pollution and that not even a single violator would be spared. The intensified campaign combines thermal drone surveillance, day squads, night squads and field enforcement teams, creating a technology-driven enforcement mechanism in which drones identify the pollution source and its location while field staff reach the site and take action. Copyright Business Recorder, 2026 [...]

Worst DR Congo Ebola epidemic ever passes 7,000 cases

September 12, 2026 9:36

KINSHASA: More than 7,000 Ebola cases have been recorded in the Democratic Republic of Congo’s worst outbreak of the deadly disease ever, according to figures from the Congolese authorities. Thought to have been spreading under the radar for weeks, the DRC officially detected the latest outbreak in mid-May, with nearly 3,400 people killed in its 17th epidemic of the highly infectious virus. It began in the northeastern Ituri province before spreading to conflict-plagued, remote eastern and northern regions where armed groups have roamed for decades, the presence of the state is weak and health infrastructure is largely lacking. Earlier this week the disease was confirmed to have spread to a seventh province, South-Ubangi, which borders the Central African Republic and Congo-Brazzaville. [...]

Azma raps PTI leaders' derogatory statements

September 12, 2026 9:36

LAHORE: Punjab Minister for Information and Culture Azma Bokhari said that those who call people imposed on the Pashtuns as Pashtuns are, in fact, insulting the Pashtun community. “These are dirty, despicable savages and, unfortunately, they have been imposed on the Pashtuns,“ Azma said, adding, “When these people and a few others who spew similar filth came to Lahore and vomited filth, I said that they could not be Pashtuns; such acts are committed by savages. Thank you for repeatedly proving me right. Do not insult the Pashtuns by calling yourselves Pashtuns“. Azma Bokhari also shared various statements made by Pakistan Tehreek-e-Insaf figures. Copyright Business Recorder, 2026 [...]

Iraq signs 25-year deal to develop Ajil oilfield

September 12, 2026 9:36

BAGHDAD: Iraq’s North Oil Company signed a 25-year contract with private Iraqi project developer KEPPT to develop and operate the Ajil oilfield, the prime minister’s office said on Saturday. The agreement aims to raise the field’s gas output gradually to 300 million standard cubic feet per day from about 135 million and increase oil production to 40,000 barrels per day from 30,000, the office added in a statement. [...]

Trump says US-Canada trade deal likely ‘fairly soon’

September 12, 2026 9:36

DUBLIN: President Donald Trump said on Saturday that Canada was keen to reach a trade deal with the United States and that an agreement could come “fairly soon”, while repeating complaints that Canada had treated US farmers unfairly and should remove tariffs. “Canada wants to make a deal very badly,” Trump said while answering questions from media after a meeting with Irish Prime Minister Micheal Martin in Dublin. “Canada has to treat our farmers better. They can’t charge our farmers tariffs,” Trump said, adding: “You’ll probably see a deal with Canada fairly soon.” [...]

PAEC launched to raise trade to USD15bn by 2030

September 12, 2026 9:36

ISLAMABAD: Pakistan and the African countries at the launch ceremony of the Pakistan-Africa Economic Council (PAEC) reaffirmed their resolve to raise bilateral trade to USD15 billion by 2030, diversify economic and trade relations, and bring closer their private sectors including the chambers of commerce. The two sides also reiterated their commitment to promoting mutual investment and, through comprehensive and long-term planning, fully exploiting their untapped resources to take bilateral economic and trade relations to new heights. The inaugural ceremony featured detailed discussions on promoting trade, investment, economic cooperation and business ties between Pakistan and African nations. READ ALSO: PAEC being launched on Friday Ambassadors, High Commissioners and Consuls General from various African countries, including Rwanda, Mauritius, Morocco, Zimbabwe, Sudan, Kenya and Ethiopia, attended the ceremony. Pak-Africa Economic Council launched to unlock potential, raise trade to USD15 billion by 2030. The speakers at the Pakistan-Africa Economic Council inaugural ceremony highlighted key Pakistani sectors, including agriculture, textiles, pharmaceuticals, information technology, minerals and mining, technology, food, education and infrastructure, that offer significant trade and investment potential in Africa, emphasizing that both regions should leverage their large populations, resources and expansive markets. Federal Minister for Defence Production Muhammad Raza Hayat Hiraj congratulated the organizers on the establishment of PAEC and said that the forum would play a great role in enhancing economic and trade ties between African countries and Pakistan, describing it as a milestone in the economic history of both sides. The Minister said that Africa’s population of 1.5 billion represented huge potential for Pakistan and that the private sector’s role was significant in increasing economic and trade ties. Governor Khyber Pakhtunkhwa Faisal Karim Kundi also paid tribute to the initiative and said that under the leadership of Ambassador Hamid Asgher Khan, the forum would work to strengthen economic and trade relations between Pakistan and the African region. He said that Africa had a great future, adding that a rising Africa and an emerging Pakistan had huge potential for growth. Pak-Africa Economic Council launched to unlock potential, raise trade to USD15 billion by 2030 Addressing the Pakistan-Africa Economic Council (PAEC) Conclave here, Patron-in-Chief of PAEC Ambassador Hamid Asgher Khan (Retd) said that Africa was a “slumbering giant” that was awakening and would play a huge role in the global geo-economy, while economic and trade connectivity with Pakistan and other potential economies could further strengthen the relationship. Hamid Asgher Khan said that bilateral trade between the African region and Pakistan was far below its true potential and there was a huge need to increase bilateral trade to USD15 billion in the coming years to exploit its true potential. He said that he had served for seven years in the African region and, after retiring from the Foreign Service, had started a new innings to connect the African region with Pakistan, which had huge economic and trade potential. He said PAEC would play the role of a catalyst in enhancing Africa-Pakistan economic ties. The Patron-in-Chief of PAEC said that information technology and services, pharmaceuticals, health and medical services, and education were the main areas that could play a pivotal role in increasing the true economic and trade potential between Pakistan and Africa. He said Pakistan’s current economic and trade potential in IT stood at USD2.7 billion and could double after stronger connectivity with the African region in the coming years. Hamid emphasized that Pakistan wanted to further expand mutually beneficial economic partnerships with African countries, where the private sector and business community played a pivotal role. Pak-Africa Economic Council launched to unlock potential, raise trade to USD15 billion by 2030 Addressing the occasion, President Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Atif Ikram Sheikh said that Ambassador Hamid Asgher Khan was actively working to boost economic activities with African nations and would continue to play his role in solidifying trade relations. [...]

Development & improvement of every city & village govt’s mission: Maryam

September 12, 2026 9:36

LAHORE: Chief Minister Punjab Maryam Nawaz Sharif said that development and improvement of every city and village was the government’s mission, adding that she was pleased that Pakpattan, which had remained neglected for years, was now moving towards development. The CM added that she was personally monitoring development projects in every city and area and was working day and night to transform Punjab into a better and the best province. The CM expressed these views during a meeting with members of the Provincial Assembly from Pakpattan, including Farooq Ahmed Maneka, Ch Javed Ahmed, Imran Akram and Sardar Mansab Ali Dogar. Matters relating to public issues and needs were discussed during the meeting. The MPAs presented proposals regarding urban and rural development in Pakpattan and thanked the CM for launching electric buses and initiating various development projects in the district. READ ALSO: Service to humanity is worship: Maryam The legislators termed the electric bus a “game changer project of the decade” and expressed gratitude to the CM and her team for beautification of Pakpattan city. They also thanked the Chief Minister for establishing modern Nawaz Sharif Schools of Eminence in Arifwala, Pakpattan. The MPAs said the people were grateful to Chief Minister Maryam Nawaz Sharif for launching modern electric buses in the land of Baba Farid (RA). They said 15 environment-friendly electric buses were providing quality transport facilities to the people of Pakpattan. They said the 15 electric buses operating on three major routes were facilitating thousands of passengers. The services included routes from General Bus Stand Pakpattan to Arifwala, Bunga Hayat and Noor Pur Sial. The Chief Minister Maryam Nawaz Sharif directed the MPAs to keep a close watch on the quality, pace and transparency of ongoing development projects in Pakpattan. She said development and prosperity of every city and village, including Pakpattan, was the government’s foremost objective. “I am pleased that Pakpattan, which remained neglected for years, is now on the path of development,” she said. The Chief Minister said she was personally monitoring development projects in every city and every area and was working round the clock to make Punjab a better and the best province. Copyright Business Recorder, 2026 [...]

PM defends decision to export imported sugar

September 12, 2026 9:36

ISLAMABAD: Prime Minister Shehbaz Sharif has defended the government’s decision to export around 108,000 metric tonnes (MT) of imported sugar, terming reports being circulated in the media regarding the initiative as “fallacious” and maintaining that the measure was aimed at preventing financial losses arising from the approaching expiry of the commodity’s shelf life. During a recent meeting of the Federal Cabinet, the Prime Minister said the government had taken the decision to import sugar last year solely to ensure adequate domestic availability and protect consumers from a sharp increase in prices. He directed Deputy Prime Minister and Foreign Minister Senator Ishaq Dar to apprise the Cabinet of the factual position regarding the imported sugar and the proposed export, amid what he described as misleading information being disseminated by certain elements through the media. Briefing the Cabinet, the Deputy Prime Minister said sugarcane production had declined by around 15 percent during the 2024-25 crushing season due to several factors, including heatwave and crop diseases. The decline in production, coupled with other supply-side constraints, had contributed to a significant increase in domestic sugar prices. READ ALSO: Previously imported stocks: TCP issues tender to ease domestic sugar surplus In response, the Economic Coordination Committee (ECC) in June 2025 allowed the import of up to 500,000 MT of white crystalline sugar, a decision subsequently ratified by the Federal Cabinet. However, the Trading Corporation of Pakistan (TCP) ultimately imported only 300,000 MT during September-November 2025. Of the imported quantity, around 192,000 MT was sold in the domestic market, while approximately 108,000 MT remains in TCP stocks. The Cabinet was informed that the remaining stock was required to be disposed of urgently as its two-year shelf life was approaching expiry. At the same time, international sugar prices had increased considerably, making export of the remaining stock a potentially viable option. According to the briefing, export of the 108,000 MT would enable the government to recover the landed cost and carrying cost of the commodity and avoid potential losses resulting from deterioration or expiry. The government’s decision to export the remaining sugar comes against the backdrop of an earlier policy decision to allow substantial exports when the country had reported a surplus. According to official information, the government had allowed export of around 790,000 MT of sugar during 2024-25 after the industry reported a surplus, while maintaining a buffer stock of approximately 504,000 MT. Subsequently, heatwaves, crop diseases, competition from other crops and lower sugarcane production reduced domestic sugar output by around 15 percent. Supply constraints and market distortions pushed retail sugar prices to around Rs220 per kilogramme in some markets, with concerns that prices could rise beyond Rs250 per kg. The government therefore allowed imports to address the emerging shortage and contain the increase in prices. However, TCP later faced difficulties in disposing of the remaining imported stock in the domestic market. The corporation attempted to sell the sugar through tenders held on November 17 and 25, 2025, but the bids received were substantially below the landed cost and were consequently rejected. The ECC was informed that prevailing local ex-mill sugar prices were around Rs132-140 per kg, creating a cost differential of approximately Rs50-55 per kg if the imported sugar were disposed of in the domestic market. In addition, TCP was incurring mark-up of around Rs2 per kg on the stored sugar, resulting in a monthly financial burden of more than Rs200 million. The imported sugar has a shelf life of two years from its date of manufacture, making timely disposal necessary to avoid deterioration and possible loss of public funds. The Cabinet was also informed that a private company from Uzbekistan had expressed interest in purchasing the remaining sugar. However, the Steering Committee on Sugar, in its meeting held on August 12, 2026, concluded that the commodity could not be sold directly to a single private-sector company under the applicable Public Procurement Regulatory Authority (PPRA) rules. The committee therefore directed the Ministry of National Food Security and Research to seek ECC approval for export of the remaining 108,000 MT through an international competitive bidding process. During deliberations, the ECC observed that the proposal did not qualify as an unsolicited bid under the PPRA Rules, 2004. The forum was also informed that previous attempts to dispose of the sugar locally had failed because domestic buyers offered prices substantially below the landed cost and demand for the particular variety was limited. The ECC, however, expressed concern that government projections regarding sugar and other food commodities had repeatedly proved inaccurate, resulting in a recurring cycle of imports followed by exports and imposing significant economic costs on the country. The forum directed the Ministry of National Food Security and Research to ensure that future projections were based on robust empirical data, realistic demand and supply assessments and prevailing market trends. The Commerce Division proposed that the terms and conditions of the international tender should clearly specify whether border routes would be included in the export arrangements. It also proposed that the bidding process be televised live to ensure transparency. The Commerce Division further maintained that TCP could not be held responsible for ensuring that the proposed export would not adversely affect domestic sugar availability or prices, arguing that this responsibility falls within the mandate of the Ministry of National Food Security and Research. Meanwhile, the ECC also expressed serious concern over outstanding payments against the 192,000 MT of imported sugar already sold in the domestic market. The meeting was informed that around Rs15 billion remained receivable from the provincial governments of Punjab and Balochistan, corporate-sector entities and sugar dealers in Karachi. The ECC directed TCP to submit a complete bifurcation and ageing schedule of the outstanding Rs15 billion at its next meeting. The Prime Minister, meanwhile, maintained that the original import decision had been taken to ensure adequate domestic supplies and provide relief to consumers at a time when domestic production had fallen and sugar prices were rising. He said the subsequent proposal to export the remaining stock was being considered in a fundamentally different market situation, where international prices had increased and continued storage was imposing a financial burden on the government. The Prime Minister expressed regret over attempts by certain elements to distort the facts surrounding the government’s sugar import and export decisions for what he described as ulterior motives. He directed that the factual position be clearly communicated to the Cabinet to counter what he termed “fallacious” information being disseminated through the media. Copyright Business Recorder, 2026 [...]

BRI Summit: Jam focuses on regional connectivity, food security

September 12, 2026 9:36

HONG KONG: Federal Minister for Commerce Jam Kamal Khan held a series of bilateral meetings with regional counterparts on the sidelines of the Belt and Road Initiative (BRI) Summit, focusing on trade, connectivity, food security and emerging technologies. The Commerce Minister separately met his counterparts from Sri Lanka, Bangladesh and Qatar, while also holding discussions with the Secretary General of the International Organisation for Mediation (IoMed), said a release issued here on Saturday. The engagements focused on expanding bilateral trade, strengthening regional connectivity and developing greater cooperation in emerging economic and technological areas. During his meeting with Sri Lanka’s Minister for Trade, Commerce, Food Security and Development, Wasantha Samarasinghe, both sides discussed ways to strengthen bilateral trade and economic cooperation, including expansion and greater utilisation of Pakistan’s first-ever Free Trade Agreement. READ ALSO: Leveraging BRI financing: Pakistan presents USD4.85bn climate investment plan The two ministers emphasised the importance of enhanced business-to-business and people-to-people exchanges and explored opportunities for closer cooperation in connectivity and infrastructure. The Sri Lankan Minister highlighted the growing importance of artificial intelligence and cyber security. Minister Jam Kamal Khan pointed to the increasing role of digitalisation in economic development and said developing countries should explore emerging technologies while simultaneously building their capacity to address associated challenges. The two sides also discussed food security, particularly its impact on poorer and developing nations, as well as the implications of tensions in the Middle East for the global economy and international trade. Minister Jam Kamal Khan thanked Sri Lanka for its support in the reclassification of Pakistani kinnow for improved market access. The Sri Lankan Minister, in turn, appreciated Pakistan’s cooperation regarding Sri Lankan pineapples, avocados and king coconut. Both sides also explored avenues for greater cooperation in regional connectivity and infrastructure development. In a separate meeting with Bangladesh’s Minister of Commerce, Industry, Textile and Jute, Khandakar Abdul Muktadir, discussions were held in a cordial atmosphere, with both sides reaffirming their commitment to strengthening economic cooperation and brotherly relations between Pakistan and Bangladesh. The Bangladeshi side appreciated Pakistan’s commitment to regional solidarity and peace and acknowledged its role in efforts aimed at resolving regional tensions. Minister Jam Kamal Khan congratulated the new government of Bangladesh and appreciated its reform ambitions, economic progress and commitment to greater regional engagement. Recalling his recent visit to Bangladesh, the Commerce Minister highlighted the considerable scope for stronger cooperation, greater economic exchanges and closer ties between the two countries. Minister Khan referred to Pakistan’s rice exports to Bangladesh as an encouraging example of expanding bilateral trade and said there was significant potential to diversify trade into other areas, including textiles. The Bangladeshi Minister expressed interest in exploring avenues for sharing expertise and experiences in developing industries and promoting greater industrial cooperation between the two countries. Both sides also discussed modern challenges including climate change, food security, cyber threats and the growing use of artificial intelligence. The ministers agreed that the BRI and stronger regional connectivity could play an important role in shaping the economic future of the region and creating new opportunities for trade and development. Federal Minister Jam Kamal Khan also held a meeting with Qatar’s Minister of State for Foreign Trade Affairs, Ahmad bin Mohammad Al Sayed, during which both sides exchanged views on the latest developments in the Middle East and their wider regional and economic implications. Minister Jam Kamal Khan appreciated Qatar’s resolve and commitment to maintaining peace and stability in the region. The Qatari Minister acknowledged Pakistan’s significant contribution towards regional peace and highlighted the positive impact of its efforts. Regional connectivity and the BRI featured prominently in the discussions, with both sides exploring new avenues for transit and trade through the Middle East and Central Asia. The two ministers also discussed the potential for connecting Pakistan and Qatar through broader regional trade routes extending through the Middle East towards Türkiye and onward into Europe. Bilateral trade was also discussed, with both sides reaffirming their commitment to exploring new areas of economic cooperation and expanding existing trade volumes. The Commerce Minister also met Ms. Teresa Chan, Secretary General of the International Organisation for Mediation (IoMed). Ms. Chan briefed the Minister on the organisation, established in 2025, and highlighted Pakistan’s role as a contracting and founding member and its important contribution to the organisation. The meeting discussed the growing role of mediation in resolving disputes involving governments and private organisations, with IoMed poised to contribute towards peaceful and institutional dispute resolution. The series of high-level engagements with regional counterparts underscored Pakistan’s proactive economic diplomacy at the BRI Summit and its commitment to expanding trade, strengthening regional connectivity, promoting technological cooperation and developing stronger economic partnerships across the region. [...]

Pakistan calls for global cooperation on digital assets

September 12, 2026 9:36

ISLAMABAD: Pakistan has called for stronger global cooperation to develop regulatory and institutional frameworks for digital assets, warning that countries must either shape the future of finance or risk being shaped by it. Minister of State and Chairman of the Pakistan Virtual Assets Regulatory Authority (PVARA) Bilal Bin Saqib made these remarks while delivering a keynote address virtually at the United Nations Headquarters during a session on “Digital Assets and Blockchain for Sustainable Development: Advancing Digital Finance through Innovation.” The session was convened by the Permanent Mission of Pakistan to the United Nations in collaboration with the UNDP, UNCTAD and the Office of the Secretary-General’s Envoy on Technology (ODET), bringing together member states, UN entities and private-sector stakeholders. READ ALSO: Pakistan explores use of digital assets, tokenisation for real estate and investment assets Bin Saqib said digital assets, tokenisation and distributed ledger technologies offered emerging economies an opportunity to rethink financial infrastructure around inclusion, efficiency and access. “The question before this room is not whether these technologies will scale. They will. The question is: who will shape them, and in whose interest,” he said. He highlighted the scale of global financial exclusion, noting that around 1.4 billion adults remain outside the formal financial system, while billions more face expensive remittances, slow settlement mechanisms and limited access to credit. The minister pointed out that the average cost of sending USD200 across borders remains more than twice the 3 percent target set under Sustainable Development Goal 10.c, arguing that closing this gap could return billions of dollars annually to families. He said the potential of digital finance extended beyond payments and remittances. Digital identity and verifiable financial histories, he said, could enable small businesses, farmers and women entrepreneurs to demonstrate economic activity without relying solely on conventional collateral or documentation. Similarly, tokenisation could help mobilise capital by fractionalising assets ranging from infrastructure bonds to renewable energy projects, while distributed ledger technology could enhance transparency in public expenditure and supply chains. However, Bin Saqib cautioned that technology should not be viewed as an automatic solution to development challenges. He identified risks including retail market volatility, illicit finance, concentration of economic power and the growing regulatory divide between countries with advanced digital capabilities and those lacking institutional capacity. “The choice before every Member State is not regulate or don’t regulate. It is simpler, and starker, than that: to govern the future, or be governed by it,” he said. The PVARA chairman stressed that regulation needed to evolve alongside technological innovation, warning that delayed regulation could expose consumers and markets to risks, while regulation driven primarily by fear could push digital activity into less transparent environments. He said the emerging global experience suggested that regulation should be viewed as a means of building markets rather than blocking them. “No nation rises alone, and no nation should be left to rise alone,” Bin Saqib said, urging member states to turn the UN briefing into the beginning of deeper international cooperation. Copyright Business Recorder, 2026 [...]

Pakistan condemns attacks on KSA

September 12, 2026 9:36

ISLAMABAD: Pakistan strongly condemned the ‘reprehensible drone attacks’ on the East-West Pipeline in the Riyadh and Madinah regions of the Kingdom of Saudi Arabia, causing damage to the pipeline and injuries to civilians, the Foreign Office said in a statement on Saturday. The Foreign Office said that these attacks and targeting of civilian infrastructure are a ‘flagrant violation’ of international law as well as the sovereignty and territorial integrity of the brotherly Kingdom of Saudi Arabia and pose a serious threat to regional peace, security and stability. READ ALSO: Pakistan condemns drone attacks on pipeline in Saudi Arabia The statement said that Pakistan reaffirmed its unwavering support for the sovereignty, territorial integrity, security and prosperity of the Kingdom, and reiterated its solidarity with the leadership, Government and brotherly people of the Kingdom of Saudi Arabia. Pakistan has been and will continue to make earnest efforts to achieve lasting peace and stability in the region, the Foreign Office added. Copyright Business Recorder, 2026 [...]

Punjab by-polls: Notices served on minister, SAPM for 'violating' election code of conduct

November 21, 2025 1:33

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

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

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

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

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

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

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

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

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

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 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

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'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

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

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... [...]

Trump's order to cut FEMA workforce ruled unlawful

September 12, 2026 5:08

A US District Judge has ruled that the Trump administration violated law by ordering the Federal Emergency Management Agency to cut its workforce in half. Susan Illston issued a ruling late Friday in which he mentioned that the US Department of Homeland Security “acted unlawfully by... [...]

Savannah Guthrie's employer jacks up security after Nancy Guthrie kidnapping, intruder scare

September 12, 2026 4:30

Savannah Guthrie's employer jacks up security after Nancy Guthrie kidnapping, intruder scareThe studio of TODAY, and the overall NBC – the channel where the show aired – was rocked by anchor Savannah Guthrie's mom, Nancy's disappearance.This incident reportedly left the staff of TODAY... [...]

Russian FM responds to Zelenskyy's Putin Meeting offer at G20: 'Huge gesture of goodwill'

September 12, 2026 3:35

Russian FM responds to Zelenskyy’s Putin Meeting offer at G20: ‘Huge gesture of goodwill’Russian Foreign Minister Sergei Lavrov has responded to Ukrainian president Volodymyr’s offer to meet Putin at the G20 summit in Miami. When asked by the reports to comment on... [...]

Lindsay Clancy trial: Why did DeSantis defend lone holdout juror?

September 12, 2026 3:20

Lindsay Clancy trial: Why did DeSantis defend lone holdout juror?The trial of Lindsay Clancy has been declared a mistrial. But the controversy is far from over.The jury, which deliberated for days, did not reach a unanimous decision; thus, a mistrial.But to look more closely at the jury of 12... [...]

Trump predicts quick trade deal with Canada during Ireland trip

September 12, 2026 12:50

During a two-day visit to Ireland, Donald Trump met with Martin at Farmleigh House in Dublin and told reporters a new trade agreement with Canada could come fairly soon; he expressed optimism about resolving the trade war with Canada but provided no details into whether formal talks had... [...]

UK heatwave latest forecast: Could September bring more hot weather?

September 12, 2026 8:42

UK heatwave latest forecast: Could September bring more hot weather?The UK is bracing for another wave of heatwave this September as temperatures are set to spike, reaching summer-like in some places. As per the latest weather forecast based on computer models, On Saturday, the outbreaks of rain... [...]

Zelenskyy offers Putin meeting at G20: 'Results matter'

September 12, 2026 7:23

Zelenskyy offers Putin meeting at G20: ‘Results matter’Ukrainian President Volodymyr has signalled the willingness to meet Russian President Vladimir Putin if the latter attended the Group of 20 leaders’ summit scheduled for December. Speaking to the DW, Zelenskyy highlighted... [...]

Trump heads to Ireland for two-day visit: What's on agenda

September 12, 2026 6:16

Trump heads to Ireland for two-day visit: What’s on agenda President Donald Trump is expected to arrive in Ireland on Saturday where he will hold talks with Ireland leaders before attending a golf tournament this week. The US President is set for separate meetings in Dublin with Irish... [...]

Mississippi police arrest man in Tasia Fortune homicide investigation

September 12, 2026 2:40

Police in Jackson, Mississippi, have arrested a man after the death of Tasia Fortune was officially ruled a homicide.Jarques Ratliff, 51, has been charged with murder in connection with the death of Fortune, a 29-year-old Black woman who was found hanging from a tree outside an abandoned house on... [...]

Former Canadian PM Jean Chretien fires warning at US: 'We bow to no one'

September 12, 2026 2:20

Former prime minister of Canada Jean Chretien delivered a pointed message to the United States during a speech marking the 25th anniversary of the September 11 attacks.Speaking at a memorial event in Gander, Newfoundland and Labrador, Chretien told Americans: “Never mistake our generosity... [...]

Mike Rogers faces backlash over 9/11 first responder votes amid attacks on Abdul El-Sayed

September 12, 2026 2:00

Michigan Republican Senate candidate Mike Rogers is facing scrutiny over his voting record on 9/11 first responder benefits after repeatedly attacking Democratic rival Abdul El-Sayed over comments about the attacks.Rogers, a former congressman, voted against the 2010 James Zadroga Act, which... [...]

CIA releases secret 9/11 intelligence showing warnings before 9/11

September 12, 2026 1:00

The CIA has released dozens of previously classified presidential briefings detailing US intelligence on Osama bin Laden and Al-Qaida before the September 11 attacks.The documents were declassified pn Friday to mark the 25th anniversary of the attacks that killed nearly 3,000 people, according to... [...]

UK air traffic control meltdown reportedly caused by military aircraft flight data

September 12, 2026 12:20

A military aircraft reportedly triggered the UK air traffic control outage that cancelled more than 2,000 flights and caused widespread airport disruption this week.Hundreds of thousands of passengers were affected Tuesday after systems operated by National Air Traffic Services shut down for four... [...]

Mamdani and AOC 9/11 clip divides internet, witnesses say it is 'taken out of context'

September 12, 2026 12:00

A brief video showing New York City Mayor Zohran Mamdani and Rep. Alexandria Ocasio-Cortez smiling during a 9/11 anniversary ceremony has sparked debate online.The four-second clip was captured Friday at Ground Zero as victims’ names were being read to mark 25 years since the September 11... [...]

Spain records highest-ever sea temperatures in summer 2026: report

September 11, 2026 6:58

Spain records highest-ever sea temperatures in summer 2026: reportSea temperatures surrounding Spain reached unprecedented highs during the summer of 2026, according to data released by the state port authority, Puertos del Estado. The highest temperature in the port authority's entire buoy... [...]

کراچی: سابق ایم پی اے جمال صدیقی کی کار کورنگی کراسنگ سے چوری

September 13, 2026 3:09

—فائل فوٹوسابق ایم پی اے جمال صدیقی کی کار کراچی کے علاقے کورنگی کراسنگ سے چوری ہو گئی جس کا مقدمہ درج کر لیا گیا۔اس حوالے سے جمال... [...]

پنجاب میں بارشوں کا نواں اسپیل آج سے شروع ہونے کا امکان

September 13, 2026 1:09

پنجاب میں مون سون بارشوں کا نواں اور آخری اسپیل آج سے شروع ہونے کی توقع ہے۔ترجمان پی ڈی ایم اے نے 17 ستمبر تک صوبے کے بیشتر اضلاع میں... [...]

ایم کیو ایم بدترین ناکامی کے بعد صوبہ کارڈ کھیل رہی ہے، قادر پٹیل

September 12, 2026 8:09

فائل فوٹوپاکستان پیپلزپارٹی کے رکن قومی اسمبلی قادر پٹیل نے کہا ہے کہ ایم کیو ایم بدترین ناکامی کے بعد صوبہ کارڈ کھیل رہی ہے۔ ایم کیو... [...]

سندھ: یکم جنوری 2027 سے ریٹائر ہونیوالوں کو ریٹائرمنٹ کے روز ہی پنشن ادائیگی کی ہدایت

September 12, 2026 6:09

چیف سیکریٹری سندھ آصف حیدر شاہ۔چیف سیکریٹری سندھ آصف حیدر شاہ کی زیر صدارت پینشن اور میڈیکل ری ایمبرسمنٹ سے متعلق کراچی میں اجلاس... [...]

پولیس کے تفتیشی فنڈز میں بڑے پیمانے میں خرد برد، اختیارات کے ناجائز استعمال کیس میں سابق آئی جی سمیت 9 ملزمان بَری

September 12, 2026 6:09

پولیس کے تفتیشی فنڈز میں بڑے پیمانے میں خرد برد اور اختیارات کے ناجائز استعمال کے کیس میں کراچی کی اینٹی کرپشن عدالت نے سابق آئی... [...]

گوادر کے علاقے جیونی میں فائرنگ، گاڑی میں سوار 4 افراد جاں بحق

September 12, 2026 5:09

گوادر کے علاقے جیونی میں پاک ایران سرحد کے قریب فائرنگ سے گاڑی میں سوار 4 افراد جاں بحق ہوگئے۔پولیس کے مطابق مسلح افراد نقدی لوٹ... [...]

کراچی ایئر پورٹ پر ویکسی نیشن سینٹر میں عمرہ زائرین کا رش، مرکز اتوار کو کھلا رہے گا، فوکل پرسن

September 12, 2026 5:09

فائل فوٹو۔کراچی ایئر پورٹ پر ویکسی نیشن سینٹر میں عمرہ زائرین کا رش رہا۔ فوکل پرسن بارڈر ہیلتھ سروسز غلام مرتضی شاہ کے مطابق عمرہ... [...]

نئے صوبوں پر پیپلز پارٹی کے ساتھ مل کر کام کیا جائے گا، حنیف عباسی کا لندن میں خطاب

September 12, 2026 5:09

وفاقی وزیر برائے ریلوے حنیف عباسی نے کہا ہے کہ پاکستان کے آئین کو تسلیم نہ کرنے والوں کو تسلیم نہیں کیا جا سکتا جبکہ کشمیریوں کے مسائل... [...]

یمن میں حالات انتہائی ابتر ہیں، تیل کی گزر گاہ باب المندب بلاک ہو رہی ہے، یمنی سفیر

September 12, 2026 4:09

یمنی سفیر محمد مطاہر الاشعبی ۔پاکستان میں یمن کے سفیر محمد مطاہر الاشعبی نے کہا کہ یمن میں حالات انتہائی ابتر ہیں، باب المندب تیل کی... [...]

مسلم لیگ ن کا پنجاب میں بلدیاتی انتخابات کی تیاریاں شروع کرنے کا فیصلہ

September 12, 2026 4:09

فائل فوٹو پاکستان مسلم لیگ ن نے پنجاب میں بلدیاتی انتخابات کی تیاریاں شروع کرنے کا فیصلہ کر لیا۔صدر مسلم لیگ ن پنجاب رانا ثناء... [...]

راولپنڈی میں ٹریفک وارڈن کی موجودگی میں وکیل کا موٹرسائیکل سوار پر تشدد

September 12, 2026 4:09

اسکرین گریبراولپنڈی میں ٹریفک وارڈن کی موجودگی میں وکیل نے موٹرسائیکل سوار کو تشدد کا نشانہ بنایا، جس کی ویڈیو بھی سامنے... [...]

کراچی، بزرگ خاتون کی لاش ملی ہے، منہ پر تکیہ تھا، پولیس

September 12, 2026 4:09

کراچی میں فیڈرل بی ایریا کے علاقے جوہر آباد میں گھر سے بزرگ خاتون کی لاش ملی ہے۔پولیس حکام کا کہنا ہے کہ خاتون کے منہ پر تکیہ تھا جبکہ... [...]

صدر زرداری کا بیرون ملک کا دورہ نجی تھا، اخراجات خود ادا کیے، ترجمان

September 12, 2026 4:09

ترجمان صدر مملکت سیکرٹریٹ نے کہا ہے کہ صدر آصف علی زرداری کا بیرون ملک کا دورہ مکمل طور پر نجی نوعیت کا تھا۔ترجمان نے کہا کہ دورے سے... [...]

سہیل آفریدی نے پیٹرول کی قیمتوں میں مسلسل اضافے کو انتہائی افسوسناک قرار دیدیا

September 12, 2026 3:09

وزیراعلیٰ خیبر پختونخوا سہیل آفریدی نے پیٹرولیم مصنوعات کی قیمتوں میں مسلسل اضافے کو انتہائی افسوسناک قرار دیدیا۔پشاور میں کابینہ... [...]

کیپٹن (ر) سہیل چوہدری آئی جی اسلام آباد تعینات، نوٹیفکیشن جاری

September 12, 2026 3:09

کیپٹن ریٹائرڈ سہیل چوہدری آئی جی اسلام آباد تعینات کر دیے گئے، جس کا نوٹیفکیشن جاری کردیا گیا۔ اسلام آباد سے جاری نوٹیفیکیشن کے... [...]

ہرمز میں ایک جہاز پر میزائل حملہ ہوا ہے، برطانوی ایجنسی

September 13, 2026 2:09

فائل فوٹوبرطانوی میری ٹائم ٹریڈ آپریشنز ایجنسی کا کہنا ہے کہ آج صبح آبنائے ہرمز میں ایک بحری جہاز پر میزائل حملہ ہوا ہے۔ فوری... [...]

برکس ممالک کو مشرق وسطیٰ میں کشیدگی پر تشویش

September 13, 2026 1:09

تصویر بشکریہ غیر ملکی میڈیابرکس ممالک نے مشرق وسطیٰ میں کشیدگی پر تشویش کا اظہار کیا ہے، مشترکہ اعلامیے میں فریقین سے تحمل کی اپیل... [...]

ایران نے آبنائے ہرمز کھولنے کے لیے امریکا کو 7 شرائط پیش کردیں

September 12, 2026 10:09

فائل فوٹوایران نے آبنائے ہرمز کھولنے کے لیے امریکا کو سات شرائط پیش کردیں۔ایران نے ساتھ ہی واضح کیا ہے کہ سلطنت عمان کے ساتھ پیر کو... [...]

سعودی عرب، جیزان میں حوثیوں کا میزائل حملہ، 2 افراد زخمی

September 12, 2026 9:09

فوٹو: بشکریہ سعودی میڈیاسعودی عرب کے علاقے جیزان میں یمنی حوثیوں کے میزائل حملے میں 2 افراد زخمی ہوگئے۔سعودی سول ڈیفنس کے مطابق حملے... [...]

یمن پر 48 گھنٹوں میں سعودیہ کے 12حملوں کا دعویٰ

September 12, 2026 9:09

فائل فوٹوانصار اللّٰہ نے یمن پر 48 گھنٹوں میں سعودی عرب کے ایک سو انتیس فضائی حملوں کا دعویٰ کیا ہے۔انصار اللّٰہ کا کہنا ہے کہ مختلف... [...]

ایرانی صدر اور ابوظبی کے ولی عہد کی دلی میں برکس اجلاس کے موقع پر ملاقات

September 12, 2026 6:09

ایران کے صدر مسعود پزشکیان اور ابوظبی کے ولی عہد شیخ خالد بن محمد بن زاید کی دلی میں برکس اجلاس کی سائیڈ لائنز پر ملاقات... [...]

سی ای او اینتھروپک نے اے آئی ترقی کی رفتار فوری سست کرنے کی اپیل کردی

September 12, 2026 6:09

اے آئی کمپنی اینتھروپک کے سی ای او داریو اموڈے نے اے آئی کی ترقی کی رفتار فوری طور پر سست کرنے کی اپیل کردی۔داریو اموڈے نے... [...]

آئرلینڈ جنگ اور نسل کشی کو معمول کی بات بنانے کا عمل قبول نہیں کرے گا، آئرش صدر نے ٹرمپ کو بتا دیا

September 12, 2026 5:09

فوٹو: رائٹرز آئرلینڈ کی صدر کیتھرین کونولی نے امریکی صدر ڈونلڈ ٹرمپ سے ملاقات کے بعد کہا ہے کہ ان کا ملک جنگ اور نسل کشی کو معمول کی... [...]

2 ماہ کے دوران 100 کمرشل بحری جہازوں کو راستہ بدلنے پر مجبور کیا، سینٹ کام

September 12, 2026 5:09

فوٹو: ایکس/ سینٹ کام امریکی فوج کی سینٹرل کمانڈ نے کہا ہے کہ انہوں نے پچھلے 2 ماہ کے دوران 100 کمرشل بحری جہازوں کو راستہ بدلنے پر مجبور... [...]

بھارتی پائلٹ دہلی کے فائیو اسٹار ہوٹل میں مردہ پایا گیا

September 12, 2026 3:09

فوٹو: بھارتی میڈیا بھارتی پائلٹ دہلی کے فائیو اسٹار ہوٹل میں مردہ پایا گیا، جس کی شناخت سنی اسلڈیکر کے نام سے ہوئی ہے۔پولیس کے مطابق... [...]

ٹرمپ کا آئرلینڈ کے دونوں حصوں کو متحد دیکھنے کی خواہش کا اظہار

September 12, 2026 12:09

تصویر بشکریہ: رائٹر۔امریکی صدر ڈونلڈ ٹرمپ نے آئرلینڈ کے دونوں حصوں کو متحد دیکھنے کی خواہش کا اظہار کردیا۔ڈبلن سے میڈیا رپورٹ کے... [...]

مشرقِ وسطیٰ اور خلیج میں امن کیلئے برکس ارکان کے ساتھ مل کر کام کرینگے، چینی صدر

September 12, 2026 12:09

تصویر سوشل میڈیا۔چین کے صدر شی جن پنگ نے کہا ہے کہ برکس ممالک کو تاریخ کے درست رخ پر مضبوطی سے کھڑا ہونا چاہیے۔ برکس سربراہی اجلاس... [...]

امریکی حمایت کے بغیر اسرائیلی فوج تیزی سے ڈھیر ہو جائے گی: ایرانی پاسداران کے سربراہ کا دعویٰ

September 12, 2026 10:09

احمد واحدی — فائل فوٹوایرانی پاسدارانِ انقلاب کے کمانڈر احمد واحدی نے دعویٰ کیا ہے کہ امریکا کی حمایت کے بغیر اسرائیلی فوج تیزی سے... [...]

فوجی طیارے کے ڈیٹا کے باعث برطانیہ کا فضائی ٹریفک نظام تعطل کا شکار ہوا، رپورٹ

September 12, 2026 9:09

—فائل فوٹوبرطانیہ میں کئی روز تک پروازوں کے نظام میں معطلی کی ممکنہ وجہ سامنے آگئی۔فنانشل ٹائمز کی رپورٹ کے مظابق ذرائع نے بتایا ہے... [...]

ایران پڑوسی اور مسلم ممالک سے کوئی اختلاف نہیں رکھتا: مسعود پزشکیان

September 12, 2026 9:09

ایرانی صدر مسعود پزشکیان---فائل فوٹو ایرانی صدر مسعود پزشکیان نے کہا ہے کہ ایران جنگ جاری رکھنا نہیں چاہتا بلکہ اب بھی امن کو ترجیح... [...]

ملک میں ایک تولہ سونے کی قیمت 400 روپے بڑھ گئی

September 12, 2026 1:09

فائل فوٹو ملک میں کاروباری ہفتے کے آخری روز سونے کی قیمت میں اضافہ ہوگیا ہے۔آل پاکستان صرافہ جیمز اینڈ جیولرز ایسوسی ایشن کے مطابق... [...]

مٹی کا تیل 17روپے 35 پیسے فی لیٹر مہنگا

September 12, 2026 10:09

—فائل فوٹوحکومت نے مٹی کا تیل 17 روپے 35 پیسے فی لیٹر مزید مہنگا کر دیا۔اوگرا کی جانب سے مٹی کے تیل کی قیمت میں اضافے کا نوٹی فکیشن جاری... [...]

پاکستان اسٹاک ایکسچینج: کاروباری ہفتے میں منفی رجحان رہا

September 12, 2026 6:09

—فائل فوٹوپاکستان اسٹاک ایکسچینج کی ہفتہ وار اپ ڈیٹ سامنے آ گئی، کاروباری ہفتے کے دوران کاروبار کا منفی رجحان رہا۔پاکستان اسٹاک... [...]

پیٹرول اور ڈیزل مزید مہنگا کردیا گیا

September 11, 2026 6:09

فائل فوٹو آئندہ تین روز کیلئے پیٹرول اور ڈیزل مزید مہنگا کردیا گیا۔ جس کا نوٹیفکیشن جاری کردیا گیا۔نوٹیفکیشن کے مطابق پیٹرول 5 روپے... [...]

پی ایس ایکس: خام تیل کا اتار چڑھاؤ 100 انڈیکس پر اثر انداز

September 11, 2026 3:09

پی ایس ایکس 100 انڈیکس اور خام تیل کا بھاؤ کاروباری دن میں ایک دوسرے کے مخالف رہے۔ تیل کا بھاؤ بڑھا تو انڈیکس گرا اور انڈیکس بڑھنے پر... [...]

عالمی منڈی میں خام تیل کی قیمتوں میں اتار چڑھاؤ، برینٹ آئل 105 ڈالر فی بیرل پر آگیا

September 11, 2026 1:09

فوٹو: فائلعالمی منڈی میں خام تیل کی قیمتوں میں اتار چڑھاؤ جاری ہے، برینٹ آئل 4 ڈالر کمی کے بعد 105 ڈالر فی بیرل پر آگیا۔امریکی خام تیل... [...]

پاکستان اور عالمی بازار میں سونے کی قیمت میں کمی

September 11, 2026 10:09

— فائل فوٹوملک میں آج سونے کی قیمتوں میں کمی ہوئی ہے۔آل پاکستان صرافہ جیمز اینڈ جیولرز ایسوسی ایشن کے مطابق فی تولہ سونے کی قیمت 5600... [...]

امریکا میں ڈیزل کی قیمت میں مسلسل اضافہ

September 11, 2026 9:09

— فائل فوٹوایران جنگ اور روسی آئل ریفائنریوں پر یوکرینی حملوں کے باعث عالمی سطح پر تیل کی سپلائی متاثر ہو رہی ہے۔امریکا میں ڈیزل کی... [...]

پاکستان میں 4 دن میں پیٹرول و ڈیزل کتنا مہنگا ہوا؟

September 11, 2026 3:09

— فائل فوٹوپاکستان میں پیٹرولیم مصنوعات کی قیمتوں میں روزانہ کی بنیاد پر کئی روز سے مسلسل اضافہ کیا جا رہا ہے۔آج کے لیے پیٹرول کی... [...]

ڈیزل اور پیٹرول کی قیمتوں میں آج بھی اضافہ کردیا گیا

September 10, 2026 4:09

وفاقی حکومت نے پیٹرولیم مصنوعات کی نئی قیمتوں کا اعلان کردیا۔نوٹیفکیشن کے مطابق ڈیزل کی قیمت 5 روپے 37 پیسے فی لیٹر بڑھا دی گئی، جبکہ... [...]

مشرق وسطیٰ میں تشویش کی شدت، پی ایس ایکس 100 انڈیکس پونے دو فیصد گرگیا

September 10, 2026 2:09

فوٹو: فائلپاکستان اسٹاک ایکسیچنج کے 100 انڈیکس کو مشرق وسطیٰ میں جاری تشویش کی شدت پونے دو فیصد گرا گئی۔پی ایس ایکس بینچ مارک 100 انڈیکس... [...]

سینیٹ کمیٹی خزانہ نے ایف بی آر سے گزشتہ 10 سال کے ریفنڈز کی تفصیلات طلب کرلیں

September 10, 2026 12:09

فائل فوٹو سینیٹ کمیٹی برائے خزانہ نے ایف بی آر سے گزشتہ 10 سال کے ریفنڈز کی تفصیلات ایک ہفتے میں طلب کرلیں۔فیڈرل بورڈ آف ریونیو حکام... [...]

پیٹرولیم مصنوعات کی قیمتوں کا اتار چڑھاؤ عالمی مارکیٹ سے جڑا ہے: علی پرویز ملک

September 10, 2026 9:09

وفاقی وزیرِ پیٹرولیم علی پرویز ملک—فائل فوٹووفاقی وزیرِ پیٹرولیم علی پرویز ملک کا کہنا ہے کہ پیٹرولیم مصنوعات کی قیمتوں کا اتار... [...]

وزیرِ اعظم شہباز شریف نے آٹو پالیسی 2026ء کی منظوری دیدی

September 10, 2026 7:09

وزیرِ اعظم شہباز شریف—فائل فوٹووزیرِ اعظم شہباز شریف نے آٹو پالیسی 2026ء کی منظوری دے دی۔ذرائع کے مطابق آٹو پالیسی کا اعلان اگلے ہفتے... [...]

پیٹرولیم لیوی پر 60 روپے فی لیٹر کمی کی جائے: پاکستان بزنس فورم

September 10, 2026 7:09

—فائل فوٹوپاکستان بزنس فورم نے وزیرِ اعظم شہباز شریف سے پیٹرولیم لیوی پر 60 روپے فی لیٹر کمی کا مطالبہ کیا ہے۔پاکستان بزنس فورم کے... [...]

Why OpenAI’s Sam Altman says an IPO isn’t in the cards this year

September 12, 2026 9:50

Concerns about AI safety have ramped up, and OpenAI’s CEO says now would be an ‘ill-advised’ time for the ChatGPT creator to go public [...]

Elon Musk backs Anthropic’s call to slow down AI progress before rogue bots take over the entire internet

September 12, 2026 5:20

Leaders of major AI companies say they agree with Anthropic CEO Dario Amodei, who just called for the tech industry to move more slowly with model development. [...]

‘I still don’t have my MRI’: My health insurer canceled my plan without warning. Is that legal?

September 12, 2026 4:01

“It wasn’t an ACA plan, but it was meaningfully cheaper than anything I could find on the ACA exchange.” [...]

‘I’m the executor’: My two siblings and I inherited an IRA. Can we just cash it out?

September 12, 2026 3:00

“Am I required to create three new inherited IRAs so that the firm can divide it equally?” [...]

My 87-year-old mother wants to pay for my brother’s kids’ education. I don’t have children. How is that fair?

September 12, 2026 2:01

“Over the years, my mother and I have supplemented his income.” [...]

I want to pay for every customer at my late husband’s favorite restaurant on his birthday. Could this backfire?

September 12, 2026 1:00

“I’m concerned that my card issuers might freeze or flag the cards when they suddenly see an extraordinary number of transactions.” [...]

The Fed could raise interest rates three times. Here’s where the market could face the stiffest test.

September 11, 2026 11:54

Economists note that the Fed historically has not been content to raise rates only once. [...]

This investment is safe from both Trump and the Democrats — and it pays 4.7%

September 11, 2026 10:06

There’s a safe haven hiding in plain sight. [...]

Marvell is sitting on an incredibly ‘sticky’ business that could help it unlock a $30 billion opportunity

September 11, 2026 9:16

Marvell is best known for making custom chips — but an analyst notes there’s arguably more potential in supporting components and optical networking. [...]

Tesla could transform the trucking business — and capitalize on high diesel prices

September 11, 2026 8:49

The EV maker aims to finally kick its long-awaited Semi truck into high gear — unlocking a potentially huge opportunity, according to Morgan Stanley. [...]

Want to land more job interviews? Stop letting AI write your résumé.

September 11, 2026 11:49

Why Social Security's COLA for 2027 may mean bad news for the U.S. economy

September 11, 2026 10:18

How Tesla could transform trucking — and capitalize on high diesel prices

September 11, 2026 9:25

Why Dell and HPE were the S&P 500’s top-performing stocks today

September 11, 2026 8:40

Dow gains 500 points, but logs worst week since March, as stocks snap 4-day skid

September 11, 2026 8:09

As the Houthis open a new front in the Middle East war, oil prices are rising

September 11, 2026 8:01