New Delhi, July 4 (IANS) Pakistan’s economy is under mounting pressure as inflation touched 11.7 per cent in May and economists warned the country risks slipping into a cycle of weak growth, rising prices and financial strain, a new report has said.The report from Morocco-based media house Assahifa said that annual inflation in Pakistan rose to 11.7 per cent in May 2026, up from 10.9 per cent in April and 7.3 per cent in March. State Bank of Pakistan’s target range of inflation stands at 5 per…
Latest US-Iran Conflict News & Updates
New Delhi, June 1 (IANS) A prominent Pakistani traders’ union has warned of nationwide protests if the government reimposes its decision to close markets early, calling on authorities to put an end to lockdowns aimed at conserving energy amid soaring fuel prices triggered by the Middle East conflict, a report has said.The report by Arab News highlighted that as part of its plan to reduce the consumption of costly imported fuels, the Pakistani government in April issued orders for shops, market…
Mumbai, May 31 (IANS) India’s benchmark equity indices ended sharply lower on Friday after a steep selloff in the final hour of trade, with investors turning cautious ahead of key domestic and global developments that are expected to drive market sentiment next week. Investors are now expected to closely track the Reserve Bank of India’s monetary policy decision, developments surrounding the US-Iran conflict, crude oil price movements and foreign investor activity for cues in the coming week…
Mumbai, May 24 (IANS) The Indian stock market is expected to remain volatile next week as investors closely track the impact of the RBI’s record dividend transfer to the government, developments surrounding the ongoing US-Iran conflict, and fluctuations in global crude oil prices. Persistent weakness in the rupee, inflation concerns, and global cues are also likely to influence market sentiment.Benchmark indices Sensex and Nifty ended the week with modest gains despite witnessing sharp intrada…
New Delhi, May 19 (IANS) As state-run oil marketing companies increased petrol and diesel prices for the second time in less than a week amid rising global crude oil prices, people across Delhi and parts of Uttar Pradesh on Tuesday expressed concern over the growing financial burden. In Delhi, a garment seller said the fuel price hike was creating difficulties for people dependent on daily earnings.“I work in the clothing business and sell garments on the streets. My livelihood depends on dail…
New Delhi, May 19 (IANS) State-run oil marketing companies on Tuesday raised petrol and diesel prices for the second time in less than a week amid soaring global crude oil prices.Following the latest revision, petrol became costlier by 86 paise per litre and diesel by 83 paise per litre.In the national capital, petrol prices rose to Rs 98.64 per litre, while diesel prices increased to Rs 91.58 per litre.The increase comes days after oil firms raised petrol and diesel prices by Rs 3 per litre on …
New Delhi, May 18 (IANS) Pakistan Railways is facing pending employee-related liabilities worth Rs 21.36 billion (Pakistani rupee), with dues of retired and serving staff remaining unpaid despite claims of improved financial performance, a report has said.According to official documents cited by SAMAA TV, a dispute has emerged between the Ministry of Railways and the Ministry of Finance over the release of funds required to clear the outstanding payments.The neighbouring country’s Railways Min…
New Delhi, May 18 (IANS) Bitcoin slid to its weakest level in May on Monday over escalating macroeconomic concerns tied to the US‑Iran conflict, causing overall crypto market weakness.The world’s largest cryptocurrency dropped to $76,711 before it recovered some losses to trade at $76,985.11 as of 2.25 pm. Major digital assets such as Ether and Solana also traded lower.Nearly $500 million of long positions were liquidated within about 15 minutes during early Asian trading hours, according to…
Mumbai, May 18 (IANS) Domestic equity markets opened sharply lower on Monday, with benchmark indices declining 1 per cent in morning trade amid elevated crude oil prices and rising geopolitical tensions in West Asia following the conflict between the US and Iran.Sensex declined as much as 892 points or 1.18 per cent to hit an intraday low of 74,345 in early trade, while Nifty slipped 272 points or 1.15 per cent to 23,371.Earlier in the day, the Sensex opened at 74,807.97, down 430 points or 0.57…
Islamabad, May 17 (IANS) After Islamabad hosted the US-Iran peace talks, the Field Marshal Asim Munir-led Pakistan Army has received tremendous international media attention, despite being “incapable” of addressing the relentless wave of terror attacks in their homeland, a media report said.According to the Global Terrorism Index 2026, Pakistan has, for the first time, topped the list of countries most affected by terrorism, editor Nitin J. Ticku wrote in the EurAsian Times.Khyber Pakhtunkhwa an…