Asian stocks fell for a second day on Thursday as lacklustre earnings reports from tech mega cap stocks deepened a selloff on Wall Street, while U.S. sanctions against Russia and China revived fears around geopolitics. Oil prices surged. MSCI’s broadest index of Asia-Pacific shares outside Japan was last off 0.3%, while Japan’s Nikkei 225 sank 1.5%. Chinese stocks declined 0.4% in Hong Kong
Senior representatives from the State Bank of Pakistan (SBP) and commercial banks have underscored the need for deeper collaboration between regulators, banks, and technology partners to accelerate Islamic and digital banking transformation in Pakistan. Speaking at “NextGen Islamic Banking in Pakistan – 2025,” an exclusive forum hosted by TMC Pvt. Ltd. and Azentio Software in Karachi, they call
The Trade Development Authority of Pakistan (TDAP) successfully organised a seminar on “Technical Textiles & Application of Industry 4.0”, gathering industry leaders, academia, and innovators to discuss Pakistan’s potential in advancing towards high-value textile production and smart manufacturing. Basit Rauf, Director General (Textile Division), TDAP, opened the session by highlighting that te
Gold prices edged lower on Thursday, weighed down by a firmer dollar as investors looked forward to key U.S. inflation data due later this week for more cues on the interest rate path. Spot gold was down 0.2% at $4,084.29 per ounce, as of 0310 GMT. U.S. gold futures for December delivery climbed 0.9% to $4,100.90 per ounce. The dollar index rose 0.2% against its rivals, making gold more expe
Experts proposed a regulatory sandbox to reform the power sector subsidy regime through solar integration in residential solar solutions, featuring rationalized tariff structures and social protection mechanisms. This approach could unlock a more sustainable, equitable, and efficient power sector for the country. Experts said while speaking at a policy dialogue held here on Wednesday. The dialo