Pakistan’s suffers from inefficient industrial processes, rising costs, and heavy fossil fuel dependence; the World Bank warns that without integrated reforms in energy efficiency and decarbonisation supported by financing and policy clarity, Pakistan’s economic and climate goals are at risk.
The SIFC has celebrated its second anniversary by enabling PayPal payments for freelancers, launching IT parks and E-Rozgar centres, securing global tech investments, and driving a digital transformation boosting exports and international competitiveness.
Saudi Arabia’s PIF has launched a dual commercial paper programme in U.S. and Euro markets to diversify its funding sources and enhance short-term liquidity while securing top credit ratings from Moody’s and Fitch.
The Gulf Cooperation Council has condemned Iran’s strike on a U.S. base in Qatar and Israel’s ongoing aggression in Gaza, calling for an end to hostilities and praising Qatar’s role in brokering the recent ceasefire.
The PSX rebounded sharply as news of a temporary ceasefire between Iran and Israel, along with falling oil prices, restored investor confidence. The KSE-100 Index jumped over 6,500 points in intraday trade, reversing steep losses from the previous session.
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