Pakistan's Economic Advisory Council Expresses Confidence in Gov't Policies, Indonesia Holds Rates Steady Amidst Global Uncertainty.

Pakistan's Economic Advisory Council convened, expressing confidence in the government's economic strategies and proposing measures to bolster economic expansion. Prime Minister Shehbaz Sharif directed authorities to collaborate on an action plan based on the council's input, emphasizing the importance of teamwork for economic stability and the utilization of regional trade opportunities. Efforts are underway to enhance the competitiveness of local industries in international markets, with priorities including industry, agriculture, IT development, job creation, and export growth. Consultations are ongoing regarding the regulation of digital currencies. Meanwhile, the Indonesian Rupiah concluded trading with a 0.4% decrease. Bank Indonesia decided to maintain its benchmark interest rates following its policy meeting, aligning with market expectations. Elsewhere, emerging market currencies and stocks displayed muted dynamics, as investors weighed potential tariffs from the U.S. and monitored geopolitical developments. The Hungarian Forint and Polish Zloty weakened against the Euro by 0.6% and 0.3%, respectively. The Israeli Shekel saw a 0.3% increase amid anticipation of negotiations between Israel and Hamas.