World Business NewsU.S. life insurers shift $800 billion to offshore affiliates from 2019 to 2024
Offshore accounts in Bermuda and Cayman Islands help insurers free up capital, according to a Moody’s Ratings report
Jun 2, 2025
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World Business News
World Business NewsUS asks Australia to raise defence spending to 3.5% of GDP
Prime Minister Anthony Albanese emphasizes that Australia will decide its defence priorities independently
Jun 2, 2025
HeadlinesAirSial launches first international flight from Islamabad to Dubai under PAA supervision
AirSial expands operations with Dubai route debut
Jun 2, 2025
HeadlinesFBR secures Rs36.14bn in major legal wins, including landmark case against Bahria Town
Court win frees billions for exchequer amid PM’s push for legal reform
Jun 2, 2025
EconomyPM orders hiring of global firms to vet FBR reforms, lauds Faceless Customs success
Third-party validation to ensure transparency of FBR reforms
Jun 2, 2025
TechMeta plans AI-powered ad creation and targeting by end of next year
Meta’s planned AI system lets brands submit a product image and budget, then generates full ad with targeting and budget recommendations
Jun 2, 2025
EconomyPakistan, China reaffirm commitment to CPEC acceleration, Gwadar integration, and ML-1 launch
Jun 2, 2025
TechStarlink faces pushback over potential interference with South Africa’s SKA telescope
Scientists fear Starlink transmissions could blind them to faint celestial signals like shining a spotlight in someone’s eyes
Jun 2, 2025
World Business NewsStablecoin firm Circle eyes $7.2 billion valuation with U.S. debut
Circle’s reserve income rises 55.1% to $557.9 million for the quarter ended March 31
Jun 2, 2025
EconomyKSE-100 closes down 813 points after intraday surge past 120,000
Volatility returns after 120,000 breach; index ends lower despite early rally
Jun 2, 2025
World Business NewsOil prices jump 4% as OPEC+ sticks to output plan for July
Brent crude futures rise $2.28, or 3.6%, to $65.06 a barrel, while U.S. West Texas Intermediate crude gains $2.99, or 4.9%, to $63.78
Jun 2, 2025
EconomyPakistan’s inflation rises to 3.5% in May amid fading base effect
Inflation jumps above official forecasts, breaking four-month streak of sharp disinflation
Jun 2, 2025