Global Business
Asian markets set for strong finish after Wall Street rebound
Asian markets were poised for a strong finish to the week on Friday, with major regional indexes set for a higher open after Wall Street rebounded sharply on stronger-than-expected corporate earnings and renewed optimism surrounding artificial intelligence spending.
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Pakistan showcases textile power at Texworld New York City 2026
Pakistan is showcasing its expanding value-added textile and manufacturing capabilities at Texworld New York City 2026, with five Pakistani companies participating in the three-day international exhibition to strengthen export opportunities and connect with buyers in the U.S. market.
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Fitch warns of mounting EM credit risks from Hormuz, El Niño, tariffs
Fitch Ratings has cautioned that the renewed closure of the Strait of Hormuz in July points to persistent geopolitical and energy-related risks for emerging markets credit through the second half of 2026, warning that additional shocks stemming from El Niño and US tariff policy could further strain policymakers' capacity to safeguard economic buffers.
Go to article US Effective Tariff Rate falls to 7.4% under new trade regime
The U.S. effective tariff rate (ETR) has dropped to 7.4% from 9.4% following the replacement of the temporary Section 122 import surcharge with new Section 301 tariffs covering goods from 60 economies, including the European Union.
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U.S Fed holds rates steady at 3.5-3.75%
The U.S Federal Reserve kept its benchmark interest rate unchanged at a range of 3.50% to 3.75%, a decision widely expected by markets, as the Federal Open Market Committee (FOMC) continued to weigh elevated inflation against a resilient labour market
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| Name | Price/Vol | %Chg/NChg |
|---|---|---|
| KSE100 | 176,094.12 210.43M | 0.31% 546.13 |
| ALLSHR | 106,530.89 879.03M | 0.30% 313.70 |
| KSE30 | 52,480.22 54.21M | 0.01% 4.71 |
| KMI30 | 247,198.06 71.10M | 0.26% 628.83 |
| KMIALLSHR | 68,178.54 320.54M | 0.35% 237.08 |
| BKTi | 50,319.17 20.32M | -0.21% -103.75 |
| OGTi | 34,316.47 3.14M | 0.13% 43.33 |
| Symbol | Bid/Ask | High/Low |
|---|
| Name | Last | High/Low | Chg/%Chg |
|---|---|---|---|
| BITCOIN FUTURES | 63,495.00 | 63,770.00 62,430.00 | 365.00 0.58% |
| BRENT CRUDE | 91.04 | 91.36 84.62 | 4.16 4.79% |
| RICHARDS BAY COAL MONTHLY | 107.75 | 0.00 0.00 | -0.25 -0.23% |
| ROTTERDAM COAL MONTHLY | 121.60 | 121.65 121.60 | 0.95 0.79% |
| USD RBD PALM OLEIN | 1,175.00 | 1,175.00 1,175.00 | 0.00 0.00% |
| CRUDE OIL - WTI | 86.80 | 0.00 0.00 | 2.13 2.52% |
| SUGAR #11 WORLD | 14.65 | 14.78 14.38 | 0.22 1.52% |
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