This representational image shows a currency dealer counts US dollars at a shop in Karachi. — AFP/FileSaudi Fund for Development rolls over deposit for another year.Fresh extension aims to strengthen Pakistan’s foreign reserves.$3 billion deposit was initially placed with SBP in…
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Gulf investors launch $2bn arbitration case against Pakistan over KE dispute

A view of the K-Electric head office in Karachi. — K-Electric website/FileSaudi, Kuwaiti investors file $2bn arbitration against Pakistan.K-Electric investors launch $2bn case under UNCITRAL rules.Pakistan gets 60 days to appoint arbitrator in K-Electric dispute.<p…
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Oil eases but holds above $100 as Hormuz disruption persists

A pump jack operates outside of Midland, Texas, US June 11, 2025. — ReutersUS to start operation to aid stranded ships, says Trump.Iran reviewing US response to 14-point proposal.OPEC+ agrees third oil output quota hike since Hormuz closure.
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India says its economy has overtaken Japan, eyes Germany

A mobile crane carries a container at Deendayal Port in Kandla, in the western state of Gujarat, India, April 5, 2025. — ReutersReview pegs GDP at $4.18 trillion.Final confirmation awaits 2026 annual GDP data.IMF projects India edges Japan in 2026.
NEW DELHI: India has overtaken…




