Moody’s Ratings upgrades Pakistan’s credit rating to Caa1 from Caa2 with a stable outlook, citing IMF loan support, fiscal consolidation, and reform compliance.
Sri Lanka’s president pivots to support an IMF bailout, abandoning earlier promises to renegotiate; debt restructuring and fragile recovery are poised to drive this U-turn in Sri Lanka.
The KSE-100 Index of Pakistan's Stock Exchange has soared to an all-time high of 97,000 points, marking a historic achievement driven by improved economic policies and growing investor confidence. Analysts view this bullish trend as a positive signal for the nation's economic stability and recovery.
Per a new purchasing managers’ survey released by HBL and S&P, Pakistan’s manufacturing PMI rose to 50.9 in May, returning to expansion as new orders recovered and export orders posted their strongest rise since February 2025.
Pakistan’s major ports are seeing a sharp rise in container and transshipment activity as Gulf disruption redirects cargo towards Karachi, Port Qasim and Gwadar.
Iranian officials are preparing three days of farewell ceremonies and a 24-hour funeral procession for Ali Khamenei, with events expected in Tehran, Qom and Mashhad.
Trump reportedly warned Netanyahu against further escalation in Lebanon as US-Iran diplomacy faced renewed pressure, with Pakistan and Qatar involved in efforts to preserve a fragile regional framework.