Honda Motor said on Tuesday its third-quarter operating profit fell 61.4%, marking a fourth consecutive year-on-year decline, as U.S. import tariffs and weakening demand for electric vehicles weighed on results. Japan’s second-biggest automaker after Toyota Motor reported operating profit of 153.4 billion yen ($987.07 million) for the period, missing the 174.5 billion yen average forecast from
Deputy Prime Minister and Foreign Minister Senator Mohammad Ishaq Dar reaffirmed Pakistan’s commitment to fulfilling all obligations necessary to expand trade with the European Union (EU) under the GSP Plus scheme. Ishaq Dar said this at a high-level inter-ministerial meeting held here on Monday to review measures aimed at strengthening Pakistan’s economic and trade cooperation with the bloc. H
Pakistan on Monday formally unveiled a $1 billion national investment plan for artificial intelligence and adopted the landmark Islamabad Declaration on Sovereign AI as the Indus AI Summit 2026 concluded at the Jinnah Convention Centre, marking a decisive shift from AI policy planning to implementation. The summit, organised by the Ministry of Information Technology and Telecommunication as the
Moody’s, the global rating agency, has changed its outlook on Pakistan’s banking system to stable from positive, while stating that the operating environment is recovering only gradually. The rating agency also forecast Pakistan’s real GDP growth of around 3.5 percent for 2026, up from 3.1 percent in 2025, while stating that it is supported by ongoing reforms that are improving confidence and g
Gold prices in Pakistan increased on Tuesday in line with their gain in the international market. In the local market, gold price per tola reached Rs526,262 after a gain of Rs15,00 during the day. Similarly, 10-gram gold was sold at Rs451,184 after it increased by Rs1,286, according to rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). On Monday, gold price per