Pakistan Financial News

ALSO READ: ‘Don't have any private conversations..,’ US on Pakistan consulting before retaliatory strikes on Iran "Understanding the close brotherly relations between Pakistan and Iran, the Foriegn Minister expressed Pakistan's desire to work with Iran based on spirit of mutual trust and cooperation. The Foreign Minister stressed that respect for the territorial integrity and sovereignity must underpin this cooperation," the statement said.

Iran's strikes this week in Pakistan, Iraq and Syria have brought back into the spotlight its ballistic missile programme, which has ground forward over the past 40 years despite sanctions. On Tuesday, Iran's Islamic Revolutionary Guard Corps hit what it called «a spy headquarters» in Iraq's autonomous Kurdistan region and «terrorist» targets in Syria. Its forces also fired on «an Iranian terrorist group» in Pakistan, which said the attack killed two children and riposted with a strike on Iranian territory that Tehran said claimed nine lives. Iran's missile capabilities are one reason why Western attention remains fixated on this regional power, as the Islamic republic and its proxies step up attacks in the Middle East in solidarity with Gaza's Hamas militants in their war with Israel. — Range and accuracy - The massive Iranian missile armoury covers ranges from short (300 kilometres or 186 miles) to medium (300-1,000 kilometres) and long (up to 2,000 kilometres). A majority are produced or assembled locally thanks to Iran's advanced industries and university sector. «Hardly a year goes by without an Iranian announcement about the development of a new type of ballistic or cruise missiles,» said Eva Koulouriotis, an independent expert. Tehran has gradually advanced into solid-propellant missiles — which are «easier to store and much quicker to bring into action than liquid-fuel ones, so they are much more useful tactically,» said Jeremy Binnie of British private intelligence firm Janes. «The Iranians have taken Scud technology from the 300 kilometres of the missiles they received in the 1980s to 1,600 kilometres or more,» he added, as well as developing «much better guidance systems… enabling them to carry out

An emerging-market money manager who is outperforming 99% of his peers says equity investors can make money in 2024 whether the Federal Reserve cuts interest rates or not, by focusing on countries undergoing economic transformations.

Investing.com-- Gold prices steadied on Friday, but were nursing steep declines for the week as growing doubts over early interest rate cuts by the Federal Reserve battered the yellow metal.

US, on Thursday (local time), avoided answering a question regarding whether Pakistan had engaged in prior consultations with Washington before carrying out retaliatory air strikes on Iran. In response to media reports suggesting that Pakistan consulted with the US before conducting the strikes in Iran, State Department Spokesperson Matthew Miller, during a routine press briefing in Washington, stated, “I do not have any private conversations to read out." Also Read: Pakistan-Iran News LIVE Miller said, “The US is concerned about the escalating tensions in the region and has urged restraint on all sides." He stressed there is no need for escalation in the matter and that the country has noted the Pakistani government's comments about the importance of “cooperative relations between Pakistan and its neighbours." In response to a question on how the US administration reads the situation between Iran and Pakistan, Miller said, “We are concerned about escalating tensions in the region.

Iran's recent air strikes in Pakistan, India has chosen a diplomatic path by refraining from direct comments on Islamabad's subsequent actions. The Indian government's muted response underscores its belief that Iran's targeted strike against the Balochi terror group, Jaish al Adl, aligns with India's persistent stance on the menace of cross-border terrorism sponsored by Pakistan. India's Anti-Terror Position The Ministry of External Affairs (MEA) issued a press release clarifying India's position on terrorism, with a spokesperson stating, «We will not be commenting on the Pakistan-Iran matter.» This statement follows the government's recent affirmation of its zero-tolerance policy towards terrorism, expressing understanding for nations resorting to self-defense measures. Historical Alignments India's tacit support for Iran's actions mirrors its own anti-terror operations on Pakistani soil in 2016 and 2019.

Asian shares bounced on Friday, buoyed by a rally in regional chipmakers, while the yen was set to end the week with heavy losses as investors pared back bets the Bank of Japan would soon abandon its uber-easy policies. Oil prices were on edge amid worries about increasing geopolitical risks in the Middle East. The U.S. launched new strikes against Houthi anti-ship missiles aimed at the Red Sea on Thursday, and Pakistan conducted strikes inside Iran, two days after Iranian strikes inside Pakistani territory. MSCI's broadest index of Asia-Pacific shares outside Japan rallied 0.9% on Friday, but was still down 2.9% for the week, the biggest weekly loss since mid-August. Taipei-listed shares of Taiwan Semiconductor Manufacturing (TSMC) surged 5.0% after the chipmaking giant projected 2024 revenue growth of more than 20%.

Iran and Pakistan, the US is concerned about the escalating tensions in the region and has urged restraint on all sides, US State Department of State Matthew Miller said on Thursday (local time). While addressing a press briefing, Miller said there is no need for escalation in the matter. He said that the US has noted the Pakistgovernment's comments about the importance of «cooperative relations between Pakistan and its neighbours.

By Yuka Obayashi

Investing.com-- Oil prices moved little in Asian trade on Friday, but were set for some gains this week as optimistic demand forecasts and output disruptions in the U.S. helped offset fears of slowing economic growth and high interest rates.

Israel’s president says normalizing ties between Israel and Saudi Arabia would be a key element of ending the war with Hamas and a game-changer for the entire Middle East

Pakistan’s air force launched retaliatory airstrikes early Thursday in Iran, allegedly targeting militant hideouts, an attack that killed at least nine people and further raised tensions between the neighboring nations.

Rahul Gandhi referred to Himanta Biswa Sarma as the ‘most corrupt chief minister’, the latter hit back at Congress leader saying, ‘most corrupt family of the country - Gandhi family of Congress.’ Soon after 'Bharat Jodo Nyay Yatra' entered Assam, Gandhi on Thursday commented that perhaps the "most corrupt government" in India is functioning in the state "Today BJP and your chief minister (Himanta Biswa Sarma) are dividing Assam. Maybe, the most corrupt chief minister in the country is the chief minister of Assam." “You know what is happening here. We will raise the issues of Assam during the 'Bharat Jodo Nyay Yatra'," he told party workers.

Investing.com — U.S. stock futures traded marginally higher Thursday, but gains are set to be restrained by concerns that economic resilience will result in the Federal Reserve delaying interest rate cuts. 

LONDON (Reuters) — The International Monetary Fund faces tough choices on how to deal with Pakistan after the February election and how to assess the country's debt situation, a former central bank governor of the South Asian nation said.

Investing.com — European stock markets traded marginally higher Thursday, steadying after the previous session’s sharp losses, but any gains are likely to be limited on increased doubts of early interest rate cuts. 

With war in Ukraine, tensions in the Taiwan Strait and South China Sea, Israelis fighting Hamas in Gaza, and missiles flying through the skies from the Red Sea to Pakistan, Davos Man wants to know how Uncle Sam plans to restore order. The Biden administration doesn’t want its allies and adversaries to think things are spinning out of control, so Secretary of State Antony Blinken and national security adviser Jake Sullivan dropped into Davos to reassure all and sundry that the Americans are on the job. Mr.

Pak launches tit-for-tat attack against Iran Pakistan has expressed concerns about the safe havens enjoyed by Pakistani-origin terrorists in Iran and the inaction taken by Iranian authorities despite concrete evidence provided by Pakistan. The operation, named «Marg Bar Sarmachar,» was conducted based on intelligence about imminent large-scale terrorist attacks planned by these terrorists.

World Economic Forum Annual Meeting at Davos after the Asian nation conducted strikes in Iran, the foreign ministry said on Thursday. In a recent escalation of tensions between Pakistan and Iran, both countries have conducted military strikes on each other's territories, leading to civilian casualties and a diplomatic standoff. Pakistan carried out strikes in the Siestan-o-Baluchistan province of Iran, targeting alleged «terrorist hideouts» and claiming the elimination of a number of terrorists.

By Stephanie Kelly and Jeslyn Lerh

Pakistan Air Force has conducted airstrikes on Baluch separatist camps inside Iranian territory. Pakistan has recalled its ambassador from Iran and blocked Tehran's envoy from returning to Islamabad after attack on the "anti-Iranian terrorist groups" in Balochistan. While US has condemned the airstrikes that "violated the sovereign borders" of neighbouring country, India launched a veiled attack on Pakistan over terrorism.