The Federal Reserve lowered interest rates on Wednesday for the first time since December, citing rising unemployment risks and a softening labor market. Policymakers reduced the benchmark rate by a quarter of a percentage point to a 4.00%–4.25% range and signaled more cuts at upcoming October and December meetings. ‎‎Fed Chair Jerome Powell emphasized that […]

Pakistan’s mining industry holds the potential to transform its economic landscape, with projections suggesting revenues could surge from the current $2 billion to $6–8 billion annually by 2030—if the country swiftly develops its vast mineral reserves. ‎‎Speaking at the Natural Resources and Energy Summit 2025, Shamsuddin A. Shaikh, CEO of National Resources Ltd (NRL), emphasized […]

Pakistan has unveiled its Maritime Affairs Action Plan (2025–2029), placing Gwadar at the heart of the country’s trade and transit future by linking the New Gwadar International Airport directly with the port. The announcement was made during a high-level meeting chaired by Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry, where officials emphasized that […]

The Supreme Court on Tuesday examined whether parliament has the constitutional authority to impose a super tax outside the scope of the financial year. Justice Jamal Khan Mandokhail, a member of the five-judge constitutional bench headed by Justice Aminuddin Khan, raised the question while hearing petitions filed by taxpayers against the amended Section 4C of […]

YouTube is rolling out a new wave of AI-driven tools designed to ease creators’ workloads and spark fresh ideas. ‎At its annual Made On YouTube event, the platform introduced Ask Studio, an AI “creative partner” that can generate tailored insights on video performance and audience engagement. “Our vision is for Ask Studio to become the […]

President Donald Trump announced Tuesday that the U.S. and China have reached an agreement allowing TikTok to continue operating in America, resolving months of uncertainty around the app’s future. Three sources familiar with the matter said the deal mirrors proposals discussed earlier this year. ‎‎Under the agreement, TikTok’s U.S. assets will be shifted from its […]

‎More than 300 South Korean nationals who were detained in a sweeping US immigration raid at Hyundai’s battery plant in Georgia have now returned to Seoul. Their arrival on a chartered Korean Air flight was greeted by journalists and protesters at Incheon International Airport, where security was tight. Fourteen non-Koreans detained in the same raid […]

The government has intensified efforts to prevent artificial hikes in wheat prices, directing authorities to crack down on speculative trading and ensure market stability. ‎‎Chairing the second meeting of the Steering Committee for the Assessment of Inflationary Trends, Finance Minister Muhammad Aurangzeb reaffirmed that Pakistan has adequate wheat stocks, excluding strategic reserves, to meet domestic […]

Oil Prices Edge Higher on Limited OPEC+ Supply Hike and Russia Risk ‎‎Oil prices moved upward on Tuesday as energy markets reacted to a smaller-than-anticipated production increase from OPEC+ and growing fears of fresh sanctions on Russian oil exports. Brent crude climbed by 35 cents (0.53%) to trade at $66.37 per barrel, while U.S. West […]

Nikkei Breaks 44,000 Barrier for the First Time Amid Trade Progress and Stimulus Prospects TOKYO: Japan’s benchmark Nikkei 225 index made history on Tuesday, surpassing the 44,000 mark for the first time as investor confidence soared on the back of improved trade outlooks and expectations of enhanced government stimulus. ‎By midday, the index was up […]