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Tokyo Faces Pressure as Yen Falls to Historic 40-Year Low

The Japanese yen has fallen to its weakest level since 1986, reaching 162.27 per US dollar, raising speculation that Tokyo could intervene in currency markets. The yen has been pressured by the wide interest rate gap with the United States, while investors await key US jobs data that could shape the Federal Reserve’s interest rate outlook.

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Global Affairs

20 Pakistani Firms Showcase at TechCrunch Disrupt

Pakistan showcased around 20 technology companies at TechCrunch Disrupt 2026 in San Francisco, aiming to expand the country’s global tech presence, attract investment and deepen commercial ties with the United States. The Pakistan Pavilion at the three-day event, held from October 13 to 15 at Moscone West, featured products and solutions from across the technology sector. Pakistan’s Ambassador to the US, Rizwan Saeed Sheikh, encouraged participating companies to use their Silicon Valley presence to build lasting partnerships and explore investment opportunities. He also assured them of support from Pakistan’s diplomatic missions in connecting with American businesses. TechCrunch Disrupt brings together startup founders, entrepreneurs, technology professionals, investors and industry leaders.

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Privatizations Could Raise Over $1 Billion

Finance Minister Muhammad Aurangzeb says Pakistan’s economy is expected to grow by more than 4% this fiscal year despite elevated oil prices. In an interview with Reuters on the sidelines of the IMF and World Bank annual meetings in Bangkok, he said the government plans to pursue the privatization of five to six entities, which could raise more than $1 billion. Pakistan is also seeking to unlock about $1.21 billion in financing under the Extended Fund Facility and a climate programme. Aurangzeb said discussions with the United States are continuing over a proposed $10 billion exchange stabilization facility.

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Global Affairs

PM Shehbaz Seeks Stronger Partnership with Poland

Pakistan and Poland have agreed to strengthen bilateral relations and expand business links. During a meeting with Tomasz Siemoniak, Poland’s coordinator of special services and a member of its Council of Ministers, Prime Minister Shehbaz Sharif called for a stronger, long-term partnership. He also welcomed Poland’s support for Pakistan under the European Union’s Generalized Scheme of Preferences Plus (GSP+) trade arrangement. The discussions highlighted closer cooperation and stronger economic ties between the two countries.

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