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China, Indonesia ministers meet to discuss security and economic issues

Security, politics, economic issues set to dominate talks as Jakarta tries to balance ties with Beijing, Washington Chinese Foreign Minister Wang Yi listens during a joint press conference with Indonesian Foreign Minister Retno Marsudi (not pictured) following their bilateral meeting in Jakarta, Indonesia, April 18, 2024. PHOTO: REUTERS China’s defence and foreign ministers met their Indonesian counterparts on Friday, with security, politics and economic issues set to … Read more

Foreign reserves edge up to $22.5b

[ KARACHI: Pakistan’s total liquid foreign exchange reserves edged higher to $22.5 billion as of August 13, 2026, according to the latest weekly data released by the State Bank of Pakistan (SBP) on Thursday. The foreign reserves held by the central bank increased by $25 million, reaching $17.1 billion. However, the net foreign reserves with … Read more

Europe’s hottest town says climate change is reshaping daily life

Floridia residents compare heat to new form of lockdown as streets, piazzas deserted A man wipes the sweat off his face in the Sicilian town of Floridia where five years ago a temperature of 48.8 degrees Celsius, the highest temperature officially registered in continental Europe, was recorded, Italy, August 19, 2026. PHOTO: REUTERS Five years … Read more

Govt seeks increased OIC investment

[ A panel of the 9th session of the Islamic Conference on Women in Islamabad on Monday. — OIC ISLAMABAD: Pakistan and the Statistical, Economic and Social Research and Training Centre for Islamic Countries (SESRIC) have agreed to strengthen economic and institutional cooperation among Organisation of Islamic Cooperation (OIC) member states, with particular emphasis on … Read more

US says it will impose ‘toughest sanctions in history’ on Iran

Treasury secretary ties economic pressure to reduced odds of large-scale military action as oil prices rise A woman walks by a mural depicting Iran’s late Supreme Leader Ayatollah Ali Khamenei, on a street in Tehran, Iran, August 13, 2026. PHOTO: REUTERS United States Treasury chief Scott Bessent said the US will impose “the toughest sanctions … Read more

Volatile session at PSX ends in red

[ In KSE at least, more than a billion rupees drawn from the investors’ protection fund has helped compensate the victims of many defaulting brokers. PHOTO: FILE KARACHI: Pakistan Stock Exchange (PSX) ended lower on Thursday as the benchmark KSE-100 index slipped 255 points amid a volatile session marked by an early surge and a … Read more