A US attack on Iranian nuclear sites could push oil prices even higher and trigger a knee-jerk rush to safety, investors said, as they assessed how the latest escalation of tensions would ripple through the global economy. The reaction in Middle East stock markets, which trade on Sunday, suggested investors were assuming a benign outcome, even as Iran intensified its missile attacks on Israel i
Pakistan’s external economy is walking a tightrope. Despite temporary relief from a surge in remittances and renewed International Monetary Fund (IMF) support, the structural vulnerabilities of the country’s external sector have only deepened. Mounting debt, low reserves, record-high profit repatriation, and geopolitical aftershocks are coalescing into a volatile mix as fiscal year 2024-25 draws t
Punjab’s budget for the next fiscal year represents an old chapter from the playbook of the PML-N, which routinely prioritises the image-building of the top party leadership over meaningful governance for the optimal social impact of the province’s annual development spending plan. Indeed, though the second budget of the Maryam Nawaz government dots every ‘i’ and crosses every ‘t’, the document
The stock market suffered mild losses on Tuesday as jittery investors opted to take profits amid rising geopolitical tensions in the Middle East. Ahsan Mehanti from Arif Habib Corporation reported that stocks closed lower due to a decline in global equities, driven by geopolitical uncertainty and the State Bank of Pakistan’s decision to maintain the key policy rate amid inflationary pressures f
Amazon will invest more than $233 million in India in 2025 to expand and update its operations infrastructure, develop new technology for its fulfilment network and improve delivery safety, it said on Thursday. The investment builds on top of Amazon’s prior investments for the creation of an operations network to deliver to all serviceable PIN-codes in the country, it added. In June 2023, th