KARACHI: Pakistan is poised to secure $1.2 billion in fresh loans from the International Monetary Fund, with the lender’s executive board set to review the package on Monday, potentially unlocking financing critical to the cash-strapped nation’s economic stabilisation efforts.
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Tense calm returns to Chaman after deadly Pakistan-Afghanistan border clash
ISLAMABAD: Calm returned to the volatile border crossing at Chaman between Pakistan and Afghanistan on Saturday, a day after heavy clashes erupted between security forces on both sides, killing at least five people on the Afghan side and injuring three civilians on the Pakistani side, according to officials, in a fresh escalation that highlighted the deepening rift between the two neighbours.
Pakistan mulls limited crypto amnesty as banks flag risks from $250bn trading
ISLAMABAD: Pakistan is mulling a limited amnesty for cryptocurrency traders as part of a push to regulate the burgeoning sector, amid concerns from local banks over risks tied to more than $250 billion in annual trading by users in the South Asian nation.
Pakistani, Afghan troops exchange fire on tense border; both sides trade blame
ISLAMABAD: Pakistani troops and Afghan forces exchanged fire late on Friday along their tense shared border, with each side accusing the other of initiating the clash in violation of a fragile cease-fire that has held for the past two months.
Military restructuring complete as Munir takes dual command
ISLAMABAD, The Ministry of Defence on Friday officially notified the appointment of Chief of Army Staff Field Marshal Asim Munir as the country’s first chief of defense forces, consolidating operational, administrative and strategic authority over the armed services in a single office and completing the most sweeping military restructuring since the 1970s.
Pakistan plans to launch first stablecoin as part of crypto push
ISLAMABAD: Pakistan is gearing up to introduce its first stablecoin as the South Asian nation seeks to integrate virtual assets into its economy and position itself as a leader in digital finance.
Pakistan to launch AI-powered immigration overhaul to curb migrant smuggling
ISLAMABAD: The government on Friday announced a sweeping overhaul of its immigration and document verification systems, vowing to deploy artificial intelligence tools and impose stricter penalties in a bid to combat migrant smuggling and the use of fraudulent travel papers, following a series of recent incidents where passengers were barred from flights.
OGDCL triples tight-gas study area, plans aggressive shale push
ISLAMABAD: State-owned Oil & Gas Development Co. is gearing up for a significant push into unconventional gas starting early next year, seeking to ramp up domestic output and ease the country’s heavy dependence on imported liquefied natural gas.
Pakistan faults Taliban for stalling Turkish mediation effort amid border tensions
ISLAMABAD: Pakistan accused the Taliban regime in Afghanistan on Friday of failing to cooperate with a Turkish-led mediation effort aimed at easing escalating tensions between the two neighbors, as a planned visit by a high-level delegation from Ankara failed to materialise.