Pakistan’s central bank sees FY26 growth up to 4.25%, trade gap to widen

  • Current account deficit forecast at 0–1% of GDP despite remittance growth
  • Forex reserves projected to reach $15.5 billion by end-December 2025
By Ismail Dilawar ·

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Moody’s upgrades Pakistan’s credit rating to ‘Caa1’, finance minister hopes for rate cut

  • Pakistan’s international bonds rose as much as 1 cent to between 90-100 cents on the dollar following ratings upgrade
  • Aurangzeb says more room for central bank to cut key policy rate from 11 percent on back of positive economic indicators
By Reuters ·

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For these Pakistani women, Independence Day offers a chance to earn and celebrate

  • Housewives, maids, mothers turn to selling flags and festive goods for extra income during Aug. 14 rush
  • Seasonal stalls in Pakistan’s commercial center can bring women vendors savings of up to $54 in a few days
By NAIMAT KHAN ·

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India conflict fires up Pakistan’s Independence Day fervor, boosts flag sales

  • Flag maker reports sales up by up to 50 percent as households and businesses spend heavily on August 14 decorations
  • Traders say brisk Independence Day buying is lifting markets despite inflation squeezing consumer budgets
By Ismail Dilawar ·

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What is behind the craze and panic over the mischief toy Labubu?

  • Pop culture fads have long been a source of moral panic, with Labubu just the latest target
  • Experts say fears reflect collective anxiety while social media may be amplifying the noise
By ANAN TELLO ·

South Sudan hosts Israeli deputy FM but denies Gaza relocation reports

  • The government in Juba refuted media reports that it was in discussion with Israel about relocating Palestinians from Gaza to South Sudan
  • Impoverished South Sudan has been plagued by insecurity and instability since its independence in 2011
By AFP ·

At least 26 migrants dead in two shipwrecks off Italy

  • Italian coast guard: ‘Currently 60 people have been rescued and disembarked in Lampedusa, and (there are) at least 26 victims’
  • Giorgia Meloni: ‘When a tragedy like today’s occurs, with the deaths of dozens of people in the waters of the Mediterranean, a strong sense of dismay and compassion arises in all of us’
By AFP ·

Saudi Arabia’s transportation boom opens doors for private investment

  • Private entities expected to contribute around 80% of targeted investments in the sector
By Nirmal Narayanan ·

PSG set to meet Tottenham in UEFA Super Cup

  • It’s the annual early-season match between the winners of the Champions League and Europa League and PSG starts as the big favorite
  • PSG will look Wednesday to bounce back from losing to Chelsea in the final of the Club World Cup in the United States
By AP ·

Gulf tourists say Polish mountain town is a cool place

  • Thousands of Gulf residents spending their summer vacation in Zakopane, a resort known for its ski lifts and hiking trails, where historic wooden houses mix with modern hotels
By AFP ·