QUETTA: Five security personnel, including two officers, and one customs official were martyred overnight on Monday when militants stormed a customs facility in the country’s restive southwestern Balochistan province, part of a wave of violence that left 21 terrorists killed across two districts, the military said on Tuesday.
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Fitch rates Pakistan’s planned dollar bonds B-, flags external liquidity risk
KARACHI: Fitch Ratings assigned a B- rating to Pakistan’s proposed US dollar-denominated bond on Tuesday, placing the sovereign debt sale firmly in speculative-grade territory as the country works to shore up its external finances.
Pakistan August inflation jumps to 11.1 percent, complicating next rate move
ISLAMABAD: Consumer prices in Pakistan climbed more than economists had projected in August, complicating the central bank’s next policy move as tensions in the Middle East raise the risk of further cost pressure ahead.
Torrential rains paralyse twin cities, force school closures
ISLAMABAD: A punishing overnight deluge sent floodwaters surging through Pakistan’s twin cities on Tuesday, submerging roads, breaching sealed basements and pushing a critical drainage channel to its highest level in three years, prompting authorities to shutter schools and mobilise the army alongside emergency crews.
Pakistan court orders jail not to keep Imran Khan, wife in isolation
ISLAMABAD: The Islamabad High Court ruled on Tuesday that petitions alleging former prime minister Imran Khan and his wife, Bushra Bibi, were being held in solitary confinement at Adiala jail could proceed, and ordered prison officials to ensure neither is kept in isolation going forward.
After legal win in The Hague, Pakistan tells India at SCO not to weaponise water
ISLAMABAD: Prime Minister Shehbaz Sharif told leaders of a major Asian security bloc on Tuesday that water “must never be weaponised,” using a summit stage to press neighbouring India on a decades-old river-sharing treaty just a day after an international tribunal ruled that India could not unilaterally suspend it.
Security forces kill 12 militants in gun battle after Reko Diq convoy ambush
QUETTA: Security forces killed 12 armed militants on Monday after gunmen ambushed a convoy of vehicles associated with the Reko Diq copper and gold project in a remote stretch of southwestern Pakistan, the latest in a string of assaults on a mining venture that foreign investors have been assured is safe.
Pakistan rushes to buy spot LNG cargo as gas shortage triggers blackouts
ISLAMABAD: Pakistan is seeking an emergency spot cargo of liquefied natural gas for delivery in the first week of September, as a shortfall in the fuel needed to run the country’s power plants leaves millions of households facing extended blackouts.
Pakistan says 40 million hold crypto accounts, third-biggest market
ISLAMABAD: Pakistan has become the world’s third-largest cryptocurrency market, with roughly 40 million residents now holding accounts linked to digital assets, according to the head of the country’s newly formed virtual-asset regulator.
FBR beats two-month revenue target despite August shortfall
ISLAMABAD: The tax authority collected 901 billion rupees in August, missing its target by 29 billion rupees and leaving the pace of revenue growth well short of the roughly 17% annual increase required to meet a target tied to the country’s International Monetary Fund loan program.