[ EASING PAYMENT OBLIGATIONS: Sources said Pakistan was working on multiple options to extend the longevity of its short-term external debt and also stagger the upcoming payments of energy debt being obtained by Chinese firms to set up power plants under CPEC. PHOTO:FILE ISLAMABAD: Finance Minister Muhammad Aurangzeb said on Thursday that it was “all … Read more

[ Acquisition advances the US ride-hailing firm’s efforts to build a global food-delivery business BERLIN: Uber agreed on Thursday to buy Germany’s Delivery Hero at an equity value of $14.8 billion to create the largest food-delivery group outside China and stave off intensifying competition from US and European rivals. The acquisition advances the US ride-hailing … Read more

[ KARACHI: The State Bank of Pakistan’s (SBP) foreign exchange reserves decreased by $1,245 million during the week ended July 10, 2026, reaching $17,225.8 million. The decline was mainly due to external debt repayments. Pakistan’s total liquid foreign currency reserves stood at $22,675.5 million, including $17,225.8 million held by the SBP and $5,449.7 million with … Read more

[ KARACHI: Several global exchange companies are focusing on Pakistan’s market to attract investors after the military crisis in the Middle East shifted their interest in different venues, particularly to multiple high-dividend, accessible, and secure options. Industry experts say geopolitical uncertainty in the Middle East, coupled with changing investor preferences and the rapid expansion of … Read more