Iran conflict forces Asian central banks into sharp policy rethink

[ The escalating crisis in the Middle East has dramatically changed the outlook for Asian central banks, with the huge supply shock posing a difficult trade-off between underpinning growth and countering inflation. For emerging Asian central banks, cutting interest rates has become a risky bet not just because of the added price pressure from higher … Read more

PM announces Rs1.5m reward for each hockey player after World Cup qualification

Pakistan ends eight-year wait for Hockey World Cup spot after 4-3 win over Japan in qualifiers Pakistan qualified for the Hockey World Cup 2026 after defeating Japan in the semi-final of the World Cup qualifying tournament on Friday. Prime Minister Shehbaz Sharif on Monday announced cash rewards of ₨1.5 million for each player of the … Read more

Massive sell-off sends PSX into trading halt

KSE-100 tumbles over 7,000 points at open amid oil price shock and policy uncertainty A stock broker reacts while monitoring the market on the electronic board displaying share prices during trading session at the Pakistan Stock Exchange, in Karachi on July 3, 2023. Photo: Reuters/ File KARACHI: Heavy selling gripped Pakistan Stock Exchange (PSX) on … Read more

Japan urged to restart nuclear plants as Iran war threatens energy supply

Opposition leader says greater use of nuclear power could offset rising electricity costs Japan should operate all of its available nuclear power plants to offset the impact of the Iran war on electricity bills, Yuichiro Tamaki, the leader of a Japanese opposition party, said on Monday. Japan relies on the Middle East for around 95% … Read more