Asian markets skidded on Wednesday, with investors cutting crowded positions in gold and chipmakers on worries a wider Mideast war could deliver an energy shock that raises inflation and delays rate cuts. Shares in Seoul dived 4% to take two-day losses beyond 11% as fast-money and foreigners bailed out of a market that had soared on memory chipmakers’ vast AI-driven profits. The selloff d
Pakistan may approach the International Monetary Fund (IMF) for relief on a carbon levy imposed on furnace oil, as the government scrambles to secure energy supplies amid escalating Gulf conflict. In an interview to Aaj News programme News Insight with Amir Zia on Tuesday, Federal Minister for Petroleum Ali Pervaiz Malik said the prime minister has directed the finance ministry to engage the IM
National Bank of Pakistan (NBP) has embarked on the journey towards integration of technology systems via new Enterprise Service Bus (ESB) platform. The signing ceremony was held at NBP Head office, graced by Shaikh Ausaf Ahmed, Chief Technology Officer (A) from NBP and Amin ul Hafeez, CEO Arcana Info Pvt Ltd. This upgrade supports the Bank’s digital transformation and modernizes its IT setu
Federal Minister for Petroleum Ali Pervez Malik said on Tuesday that the government is fully aware of the current Middle East situation and its implications. “We’re taking measures to address the situation,” he said while speaking on Aaj News programme ‘News Insight with Aamir Zia’. Ali Pervez Malik emphasised that the duration of the conflict is uncertain, and Pakistan will need assistance fro
Allied Bank has achieved a major milestone in customer centric innovation by becoming the first bank in Pakistan to deploy an AI powered humanoid robot, “Pepper.” This initiative reflects Allied Bank’s commitment to enhancing in-branch experiences through smarter, more engaging, and digitally enabled customer interactions. Pepper will support customers by addressing common queries, guiding them