The government has finalised a panel for the appointment of Pakistan’s new executive director at the Asian Development Bank (ADB), including two women officers, after Prime Minister Shehbaz Sharif decided not to allow the principal aspirants holding key domestic positions to take the lucrative foreign posting. Government sources said Deputy Prime Minister Ishaq Dar has shortlisted the names of
Asian stocks rose to a record high on Thursday, while the dollar firmed a touch against most currencies except the yen after stronger-than-expected US jobs data dented near-term rate cut expectations, setting the stage for the inflation report on Friday. Stocks in South Korea and Japan, hit record highs in early trading, lifted by the technology sector. Japanese shares have been on a tear since
The committee observed that headline inflation of 5.6% y/y in December 2025 was in line with its expectation. However, core inflation has steadied around a relatively higher level of 7.4% in recent months. Meanwhile, as reflected by the recent high frequency indicators (HFIs), including large-scale manufacturing (LSM), economic activity continues to gain momentum faster than anticipated, mainly le
MCB Islamic Bank and AICL-WTO have formalized a strategic partnership by signing an agreement, marking an important step forward in MCB Islamic’s Digital First strategy and customer-focused innovation. The agreement was formally signed by Zargham Khan Durrani, President & CEO of MCB Islamic Bank, and Muhammad Ali Zeb, MD & CEO of AICL-WTO, reaffirming the strong commitment of both organizations
Hong Kong HuiHua Global Corporation Ltd (a 100pc wholly owned subsidiary of China Oil HBP Science and Technology Ltd - HHGTL/HBP), in collaboration with MHAA Corporation and in joint venture with Etimaad Engineering (Pvt.) Ltd., announced the successful execution and completion of the Dakhni Front End Compression Project for Oil & Gas Development Company Limited (OGDCL), with engineering consultan