Pakistan’s economy grew 3.7% in FY2025-26, missing the government’s 4.2% target announced in last year’s budget, the Economic Survey 2025-26 showed. Finance Minister Muhammad Aurangzeb released the report on Thursday, a day before the federal budget. Asked about an International Monetary Fund (IMF) agreement on budgetary targets, the finance minister said discussions were continuing. “We are
A global cyber security company disclosed Thursday that the attacks on the manufacturing sector during first quarter of 2026 has been increased in multiple regions, warning Pakistani companies to improve their cybersecurity controls. According to a new Kaspersky ICS CERT report, in first quarter-2026 the percentage of industrial control systems (ICS) on which malicious objects were blocked reac
The World Bank on Thursday cut its global growth forecast for 2026 to 2.5 percent due to the war in the Middle East, and said growth could slow to just 1.3 percent if energy supply disruptions prove more severe and come with substantial stress in financial markets. Global growth reached 2.9 percent in 2025, the bank said in its semi-annual Global Economic Prospects, up 0.2 percentage point from
Gold prices edged lower on Friday and were on track for a weekly loss amid inflation concerns and potential US Federal Reserve interest rate hikes. Fundamentals Spot gold was down 0.3% at $4,200.82 per ounce, as of 0101 GMT, and was set for a weekly loss of 2.8%. US gold futures for August delivery rose 2.6% to $4,222.10. Gold fell to an over six-month low on Thursday before closing hi
The dollar found its footing in early trading on Friday, after sliding to its weakest in a week as traders parsed reports that a ceasefire deal in the Middle East could be imminent. Against the yen , the US currency was up 0.1% at 160.07 yen. The Australian dollar was down 0.1% at $0.7045, while its kiwi counterpart was down 0.1% at $0.5830. The euro last bought $1.1576, holding near its