News
– Pakistan represents about 48% of people living in extreme poverty across the Middle East, North Africa, Afghanistan and Pakistan region. The World Bank reported the figure in its October 2026 regional economic update. The lender measured poverty using the
– Prime Minister Narendra Modi has highlighted India’s water governance experience as a useful reference for countries across the Global South. He shared an article on October 6 that reviewed reforms developed first in Gujarat and later expanded through national
Business
– The African Union officially launched the Africa Credit Rating Agency, or AfCRA, in Mauritius on October 7. The new institution will focus on African sovereigns, companies and other issuers. AfCRA plans to provide independent credit assessments using African data,
– Pakistan’s federal state-owned enterprises carried debt equal to about $36.5 billion at the end of December 2025. The total rose 14.3% from a year earlier, adding roughly $4.7 billion at current exchange rates. The Ministry of Finance published the
– The UAE recorded $63.353 billion in outward foreign direct investment in 2025, according to UN Trade and Development. The country’s total outward FDI stock reached $402.729 billion by year-end. That compares with $55.560 billion in 2010, showing a sharp
– Pakistan petrol prices moved higher again on October 6 after another daily fuel revision. Petrol increased by Rs0.88 per litre to Rs393.64, extending the rise recorded three days earlier. High-speed diesel moved in the opposite direction, falling by Rs1.88
– Oil prices steadied near $102 a barrel on Monday after Brent briefly climbed above $103 in early trading. At 0900 GMT, Brent crude futures were up 5 cents at $102.30 a barrel. U.S. West Texas Intermediate crude was down
Automotive
Cadillac has unveiled its latest concept vehicle, the all-electric Elevated Velocity crossover, ahead of its public debut at The Quail, A Motorsports Gathering in Carmel, California, on August 15, 2025. Designed as a high-performance 2+2 luxury crossover, the Elevated Velocity concept integrates Cadillac’s
United States automakers are recalibrating their strategies following significant shifts in federal electric vehicle policy under President Donald Trump. Since taking office, Trump has acted to dismantle measures favoring EVs, beginning with an executive order to eliminate what he described as
Lamborghini has unveiled the first Ad Personam edition of its newly launched Temerario, debuting in Porto Cervo, Sardinia, during the height of the summer season. The model, named Temerario “Porto Cervo” for the occasion, was introduced at a private gathering
Dodge has announced that starting August 13, 2025, every model in the 2026 Dodge Durango lineup will come standard with a HEMI V-8 engine. This marks the first time the entire Durango range, from the base GT to the high-performance