IMF cuts 2026 global growth forecast on Mideast war – Business

The International Monetary Fund (IMF) cut its 2026 global growth projection on Tuesday, warning that the world economy could be “thrown off course” by war in the Middle East — as the conflict roils commodity markets and sparks higher prices. The global economy is set to grow by 3.1 per cent this year, said the […]

UN chief urges respect for navigational rights, freedom in Strait of Hormuz

‘Peace agreements require persistent engagement and political will,’ says Antonio Guterres A vessel at the Strait of Hormuz, off the coast of Oman’s Musandam province. PHOTO: REUTERS United Nations Secretary-General Antonio Guterres warned on Tuesday that respect for international law was eroding globally, particularly in the Middle East, cautioning that the consequences could deepen instability and […]

Alibaba-backed BNPL firm gets SECP licence

Koko Tech to tap in to consumer financing for youth, freelancers and small businesses ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has granted a licence to Koko Tech Pakistan (Private) Limited (KTPL) to operate a Buy Now Pay Later (BNPL) business in Pakistan, according to an official statement issued on Tuesday. KTPL is owned by Alibaba.com Holdings, […]

Pope Leo issues warning on democracy after Trump criticism

Pope Leo XIV reacts as he speaks with the youth who helped him plant a tree during his visit to the archaeological site of Hippo Regius in Annaba, Algeria, April 14, 2026. PHOTO:REUTERS Pope Leo warned of the risk of democracies sliding into “majoritarian tyranny” on Tuesday, in a ​letter issued by the Vatican two […]

Bulls take charge as KSE-100 rallies 5,000 points – Business

The Pakistan Stock Exchange’s (PSX) benchmark index rallied over 5,000 points on Tuesday, a day after shedding more than 6,000 points. The KSE-100 index surged by 5,043.51 points, or 3.14 per cent, to close at 165,634.84 points, from the previous close of 160,591.33 points. The index recorded an intraday low of 165,763.81 points at around […]

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