Pakistan stocks jump over two percent to open new fiscal year on inflation relief

KARACHI: Pakistani stocks extended a record-breaking rally on Wednesday, with the benchmark KSE-100 index jumping more than 3,700 points to open the new fiscal year, as investors bet that easing inflation will pave the way for interest rate cuts and cheaper oil bolsters the outlook for the import-dependent economy.

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Over 100 civil society figures from India, Pakistan press Modi, Sharif to revive bilateral engagement

ISLAMABAD: More than 100 civil society figures from India and Pakistan issued a joint appeal on Tuesday urging Prime Ministers Narendra Modi and Shehbaz Sharif to pursue sustained dialogue and rebuild ties between the nuclear-armed neighbours, arguing that prolonged hostility is costing both nations opportunity and stability.

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Pakistan orders mass arrest of undocumented Afghans from July 10, demands daily deportation tallies

ISLAMABAD: The interior ministry has ordered the immediate arrest of any Afghan national found in the country without a valid visa from July 10, in the most explicit enforcement directive yet issued under a deportation campaign that has already displaced more than a million people in the past year alone.

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Cloudburst devastates Diamer district as Pakistan warns of glacial lake catastrophe

GILGIT: A cloudburst tore through Thore Valley in Pakistan’s northern Diamer district on Saturday, destroying homes, severing roads and leaving dozens of families homeless, as a concurrent heatwave accelerated glacial melt across Gilgit-Baltistan and federal authorities warned of a sharply elevated risk of glacial lake outburst floods through early July.

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GLOF threat looms over Pakistan’s north as heatwave accelerates glacier melt, authorities order evacuations

ISLAMABAD: Pakistan’s disaster management authority on Saturday warned of an acute risk of glacial lake outburst floods sweeping through the country’s mountainous north into the first week of July, directing provincial administrations to ready evacuation sites, place rescue teams on standby and restrict civilian movement near glaciers as an intense heatwave shows little sign of relenting.

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