ISLAMABAD: President Donald Trump said Monday that his administration used trade leverage to broker a ceasefire between India and Pakistan, halting what he claimed could have escalated into a nuclear war.
Economy
Stocks post record 9pc gain on Trump truce, IMF tranche
By Staff Reporter KARACHI: Stock surged 9 percent on Monday, its biggest-ever single-day gain, as a ceasefire with India brokered by US President Donald Trump
IMF clears $1bn Pakistan tranche, rebuffs India
ISLAMABAD: The International Monetary Fund on Friday approved a $1 billion disbursement to Pakistan under its Extended Fund Facility, brushing aside India’s attempts to persuade the lender to withhold the funds.
Remittances surge 31pc to $31.2bn in FY2025, despite April dip
KARACHI: Pakistan’s remittances from overseas workers soared 31% in the first 10 months of fiscal year 2025, reaching a record $31.2 billion, compared to $23.9 billion in the same period the previous year, data from the State Bank of Pakistan (SBP) showed on Friday.
Pakistani stocks crash, Indian rupee hits new low on war risks
KARACHI: Stocks suffered its worst day on record on Thursday, as the market tumbled 6,482.21 points on Thursday, marking its largest single-day decline in terms of points, as escalating military tensions with India triggered a wave of selling that wiped nearly 5.89 percent off the benchmark KSE-100 Index, closing it at 103,526.81.
Budget gap hits 2.4pc of GDP
KARACHI: The budget deficit swelled to 2.4 percent of gross domestic product in the first nine months of the fiscal year 2024-25, as hefty interest payments overshadowed a primary surplus, data from the Finance Division showed.
Stocks plunge 6pc after Pakistan-India clash, then recover
KARACHI: Stocks cratered as much as 6 percent at the opening bell after India launched strikes on Pakistan and Azad Kashmir, only to rebound as investors bet against a wider conflict.
Water war flares in Kashmir
ISLAMABAD: India has launched an arbitrary effort to increase the reservoir capacity of two major hydroelectric projects in occupied Kashmir, a provocative step that has intensified its standoff with Pakistan following the suspension of a decades-old water-sharing agreement.
India tensions imperil Pakistan’s economic gains, Moody’s
KARACHI: Heightened tensions between India and Pakistan threaten to unravel Pakistan’s hard-won economic progress, Moody’s Investors Service warned on Monday as worsening geopolitical friction risks choking off vital external financing and stalling fiscal reforms.
SBP’s surprise 100bps rate cut counters global, India tensions
KARACHI: Pakistan’s central bank cut its key policy rate by 100 basis points to 11 percent on Monday, resuming an easing cycle that has reduced the rate from a record 22% after a March pause, as inflation plummeted to near-zero levels amid collapsing food and energy prices.