Shares climbed to record highs in Japan and South Korea on Friday as peace in the Middle East with the reopening of the Strait of Hormuz pulled oil prices even lower and eased inflation fears. The US dollar was on a tear, hovering near a 13-month high on its major peers, after a hawkish turn from the Federal Reserve led markets to price in more than one rate hike this year. That dragged the y
Pakistan is stepping up efforts to attract Chinese investment into its pharmaceutical and healthcare sectors, with nearly 60 leading Chinese companies participating in investment promotion events in Beijing ahead of the Pakistan–China B2B Pharmaceutical, Healthcare and Biotechnology Investment Conference scheduled to be held in Karachi on July 17-18. The Embassy of Pakistan in Beijing organized
The National Tariff Commission (NTC) has imposed definitive anti-dumping duties on imports of Pure Terephthalic Acid (PTA) from China after concluding that dumped imports caused material injury to domestic industry. According to a notice issued by the Commission, the investigation was initiated on August 16, 2025, following an application filed by Lotte Chemical Pakistan Limited, the country’s
Pakistan State Oil (PSO) said it strengthened its operational resilience, expanded its retail network and advanced its digital initiatives during FY26, while maintaining its market leadership position despite a highly competitive environment and geopolitical disruptions affecting global energy supply chains. The update came during the company’s Corporate Briefing Session held on Thursday, where
The Asian Development Bank (ADB) has approved a USD 700 million policy-based loan to support reforms aimed at strengthening Pakistan’s insurance sector. The program seeks to expand insurance coverage and reduce protection gaps. It will also help stimulate private sector participation and support sustainable economic growth. The Insurance Transformation Program will strengthen Pakistan’s financi