ISLAMABAD: President Donald Trump on Friday rejected Iran’s newest proposal for ending the US-Israeli war with Tehran, telling reporters he was “not satisfied” with the offer even as he formally notified Congress that hostilities had “terminated” and the 60-day clock under the War Powers Resolution had run out.
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PM Sharif orders swift launch of virtual-asset regulator to lift digital economy
LAHORE: Prime Minister Shehbaz Sharif directed authorities on Friday to move as quickly as possible to make a new regulatory system for virtual assets fully operational, saying the framework must meet international standards to help expand Pakistan’s digital economy and bolster investor confidence.
Pakistan predicts below-average rains and scorching heat for 2026 monsoon as El Niño emerges
ISLAMABAD: Pakistan’s Meteorological Department warned on Friday that the 2026 southwest monsoon season is likely to bring below-normal rainfall to most of South Asia and above-normal temperatures across nearly the entire region, driven by the probable development of El Niño conditions over the equatorial Pacific.
Pakistan confirms two new polio cases in Khyber Pakhtunkhwa
ISLAMABAD: The health authorities on Friday confirmed two new cases of wild poliovirus in the northwestern province of Khyber Pakhtunkhwa, bringing the country’s total for the year to three and illustrating the stubborn obstacles that continue to hinder the final stages of global polio eradication.
Pakistan sees sharp drop in militant attacks, casualties for second straight month
ISLAMABAD: Pakistan recorded a second consecutive month of markedly improved security conditions in April, with verified militant attacks falling by more than 40 percent and combat-related deaths declining sharply, according to a detailed report released by the Pakistan Institute for Conflict and Security Studies.
Inflation accelerates to 10.9 percent in April, overshooting finance ministry forecast
ISLAMABAD: Pakistan’s headline inflation quickened to 10.9% year-on-year in April, the Pakistan Bureau of Statistics reported on Friday, topping the government’s projection and highlighting the stubborn price pressures that prompted the central bank to raise interest rates for the first time in three years.
Pakistan halts power cuts after LNG cargo docks, ending month of outages
ISLAMABAD: Power Minister Awais Ahmed Khan Leghari said on Friday that planned power outages have ended nationwide after a liquefied natural gas cargo arrived the previous day, restoring stability to the electricity system following a month of fuel-driven disruptions.
Iran submits new proposal for US peace talks as Trump faces war-powers deadline and Hormuz crisis drags on
ISLAMABAD: Iran delivered a new proposal late on Thursday for a second round of negotiations with the United States aimed at ending the nearly nine-week war, Iranian state media and Pakistani officials involved in the mediation said on Friday, offering a potential opening in a diplomatic impasse that has kept global oil prices elevated and the Strait of Hormuz largely closed to commercial traffic.
Pakistan’s foreign reserves rise above $21 billion on Eurobond proceeds
ISLAMABAD: Pakistan’s total liquid foreign-exchange reserves climbed above $21 billion at the end of last week, lifted by fresh inflows from the country’s first return to international capital markets in four years.
FBR misses 10-month tax goal by Rs684 billion as Middle East conflict clamps down on imports
ISLAMABAD: The Federal Board of Revenue missed its collection target by Rs684 billion during the first 10 months of fiscal 2026, tax officials said, with much of the gap traced to trade disruptions caused by the ongoing Middle East conflict.