News
Chinese textile giant sets up major Pakistan manufacturing facility, eyes $500mn annual exports
2+ hour, 33+ min ago (440+ words) Challenge Fashion, a Chinese apparel manufacturer, plans to significantly expand its operations in Pakistan, with a long-term goal of generating annual exports of $400500 million. "During the meeting, both sides exchanged views on the growing potential for Chinese investment in Pakistan,…...
Stability needs realism
1+ day, 6+ hour ago (433+ words) EDITORIAL: The State Bank of Pakistan's latest Financial Stability Review projects resilience across Pakistan's financial system, pointing to stronger reserves, improved capital buffers and a calmer macroeconomic environment during CY25. The wider economic environment also complicates the optimistic framing. Electricity shortages…...
Dollar slips - Markets
4+ day, 6+ hour ago (576+ words) NEW YORK: The dollar slipped on Friday, on pace for a second straight weekly fall as investors stayed cautiously optimistic about a swift end to the Middle East conflict, after President Donald Trump said the ceasefire remained in place despite…...
S&P 500, Nasdaq hit fresh peaks as tech stocks, jobs data lift sentiment
4+ day, 16+ hour ago (546+ words) The S&P 500 and the Nasdaq reached record highs on Friday, driven by gains in Nvidia and other technology stocks, while a stronger-than-expected jobs report eased concerns over the state of the labor market. Tech heavyweights Nvidia and Apple rose…...
Thai central bank chief revises GDP growth forecast up to 2. 1% for this year
6+ day, 2+ hour ago (181+ words) BANGKOK: The chief of Thailand's central bank said on Thursday that the country's GDP is expected to grow 2. 1% this year, up from a previous forecast of 1. 5%, and rise to 2. 6% next year. The upward adjustment was partly due to the government…...
Indonesia's March aluminium exports hit 28-month high
1+ week, 6+ hour ago (139+ words) Business Recorder JAKARTA: Indonesia's aluminium exports in March more than doubled from the previous month to their highest since November 2023 and included a rare cargo to the United States, data from the Indonesian statistics agency and export-import data aggregator Trade…...
July-March 2025-26: LSM records 6. 48pc growth Yo Y
1+ week, 6+ hour ago (497+ words) Business Recorder ISLAMABAD: The Large Scale Manufacturing (LSM) sector recorded a growth of 6. 48 percent during July'March 2025-26 as compared to the same period of last year, with output accelerating sharply in March 2026 as the Quantum Index of Manufacturing (QIM) rose to…...
Wall St falls as ME tensions spark fresh jitters
1+ week, 1+ day ago (401+ words) NEW YORK: Wall Street's main indexes declined on Monday after conflicting reports about a US warship near the Strait of Hormuz led to heightened tensions in the Middle East, dampening optimism from the previous week's earnings. Tehran said it had…...
Indian rupee, bonds set to sway to oil prices as US-Iran stalemate drags
1+ week, 2+ day ago (372+ words) MUMBAI: The Indian rupee and government bonds face fresh pressure this week as stalled efforts to resolve the US-Iran conflict keep oil prices elevated and strain capital flows into the energy-importing nation. The rupee fell to a record low of…...
ME conflict hits economic recovery: ADB
1+ week, 2+ day ago (592+ words) SAMARKAND, (Uzbekistan): Asian Development Bank (ADB) President Masato Kanda on Sunday warned that Middle East conflict are undermining Pakistan's fragile economic recovery fuelling inflation, straining fiscal stability, and deepening poverty'while pledging swift support to help stabilize the economy and sustain…...