Iran eases Strait of Hormuz blockade, allows more ships
Iran's Revolutionary Guards are permitting more vessels through the Strait of Hormuz after a blockade, state TV reports, signaling acceptance of new protocols.
Category : Business
Pakistan's First Panda Bond to Boost Growth, China Ties
Pakistan launched its inaugural Panda Bond worth 1.75 billion yuan, becoming the first South Asian nation to tap China's onshore bond market, aiming to support inclusive growth and deepen financial cooperation.
Saudi Minister Discusses Industrial Partnership with Pakistan
Saudi Arabia's industry minister held a virtual meeting with Pakistani ministers to strengthen industrial cooperation and expand investment partnerships in key sectors like fertilizers.
Pakistan Central Bank Expects Record Remittances Above $41B
Pakistan's central bank expects remittances to cross $41 billion in FY26, despite export slowdown, with economic growth projected up to 4.75%.
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GCC Sustainability Shifts from Vision to Execution on Projects
Saudi Arabia and GCC nations are embedding sustainability into project delivery, but gaps remain between planning and execution, as highlighted by experts and new frameworks.
Syria Appoints Safwat Raslan as Central Bank Governor
Syria appoints Safwat Raslan as central bank governor, replacing Abdelkader Husriyeh who becomes ambassador to Canada. Raslan, a former banker who fled to Germany, returns to lead monetary policy amid reconstruction efforts.
Swiss-Moroccan builds 'kingdom' from scattered plots
Jonas Lauwiner, a 31-year-old Swiss-Moroccan, declared himself King of Switzerland after acquiring 150 plots of land, creating a symbolic empire under Swiss law.
Jollibee in Saudi Arabia: A Filipino Fast-Food Favorite
Jollibee, the Filipino fast-food chain, has been serving juicy chicken and sweet spaghetti in Saudi Arabia since 2008. Despite competition, it remains popular with branches across the kingdom.
Trump and Boeing: China to Buy 200 Aircraft, Reopening Key Market
Boeing secures a deal for 200 aircraft to China, marking its first major sale in nearly a decade after Trump-Xi summit, reopening a crucial market.
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Pakistan Approves Sale of Stakes in Three Power Distributors
Pakistan's cabinet committee approved the sale of 51-100% stakes in IESCO, GEPCO, and FESCO to reform the power sector under an IMF-backed program.
Pakistan Eyes Future Sovereign Issuances After Panda Bond Launch
Pakistan's finance minister hopes the successful launch of its first Panda bond will lead to more sovereign issuances in China's debt market, diversifying funding sources.
SFD Continues Financial Aid to Multiple Countries in 2026
The Saudi Fund for Development has provided financial support to Sudan, Cameroon, Oman, and Palau in 2026, funding water, infrastructure, and economic projects despite global tensions.
Iraq Oil Exports via Hormuz Drop to 10 Million Barrels
Iraq exported only 10 million barrels of oil through the Strait of Hormuz in April, down from 93 million monthly before the Iran war, due to tanker insurance issues and regional conflict.
Pakistan's fish exports cross $500 million for first time
Pakistan's fish and seafood exports surpassed $500 million for the first time in FY2025-26, marking a record for the maritime sector.
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Jazan Mangoes Power Saudi Tropical Fruit Production
Jazan region produces 65,000+ tonnes of mangoes annually, accounting for 60% of Saudi output, with over 1 million trees and 60 varieties, boosting agricultural tourism and food security.
India in Talks with Saudi Arabia for Fertilizer Amid Iran War
India is negotiating with Saudi Arabia to secure fertilizer supplies as the Strait of Hormuz closure disrupts imports amid the US-Israeli war on Iran.
Comoros Protests: One Killed in Fuel Price Clashes
One person killed, five injured in Comoros as fuel price hikes spark protests on Anjouan island. Government cuts duties to ease tensions.
Wonders and the Order of Nature: A Review
Explore how European naturalists used wonder to understand nature, from monsters to celestial apparitions, in this insightful book by Lorraine Daston and Katharine Park.
Pakistan's First Panda Bond Opens Yuan Funding Channel
Pakistan issued its first Panda bond at 2.5%, the lowest rate ever for the country, diversifying funding beyond dollars and euros. HBL advised the deal, with a possible follow-up in 3-6 months.
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Export-Led Growth vs Fiscal Self-Harm in Pakistan
Pakistan faces a critical choice between export-led growth and fiscal self-harm. The government must prioritize sustainable economic policies to avoid further crisis.
Opium Crops Destroyed on Hundreds of Acres in Tirah Valley
Security forces and district administration destroyed opium crops spread over hundreds of acres in Tirah Valley, Khyber, in a coordinated anti-narcotics operation.
Govt Slashes Petrol, Diesel Prices by Rs5 Per Litre
The government has reduced petrol and diesel prices by Rs5 per litre, effective immediately. The new prices are Rs255.80 for petrol and Rs258.43 for diesel.
Maritime Educational Endowment Fund Proposed Rs25b
Pakistan proposes a Rs25 billion Maritime Educational Endowment Fund to provide scholarships for maritime studies, enhancing the country's blue economy.
IESCO Power Suspension Programme May 2026
IESCO has notified a power suspension programme for various areas in May 2026 to carry out maintenance work, affecting multiple feeders.
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Pakistan's First Panda Bond Issuance: Historic Economic Milestone
Finance Minister Muhammad Aurangzeb announces Pakistan's successful debut Panda Bond issuance of CNY 1.75 billion, calling it a historic milestone in bilateral economic ties with China.
Kazakh Envoy Engages Gujrat Business Community
Kazakhstan's ambassador visits Gujrat, meets CCI leaders, discusses trade and investment opportunities, and plans a new trade delegation to Kazakhstan.
Adani Agrees Multi-Million Dollar US Penalty
Indian billionaire Gautam Adani has agreed to pay a multi-million dollar penalty in a US court case over alleged bribery and fraud charges.
No Flour Shortage in Rawalpindi: DFC Azhar Abbas
District Food Controller Azhar Abbas assures no wheat flour shortage in Rawalpindi, with stable supplies and prices monitored across all tehsils.
Koica Breaks Ground for Pak-Korea Textile Centre
Koica has launched construction of the Pakistan-Korea Technical Textile Centre in Faisalabad, aiming to boost local industry through advanced training and technology transfer.
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PMPKL Praises Anti-Illicit Cigarette Trade Actions
Pakistan Mobile Phone and Keypad Lovers (PMPKL) applauds government's nationwide operations against illegal cigarette trade, emphasizing health and economic benefits.
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