ISLAMABAD: The large-scale manufacturing sector posted a solid 5.02% expansion in the first four months of the fiscal year through October, bucking a broader slide in exports and signalling resilience in domestic demand amid currency stability.
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IMF says Pakistan’s economic gains fragile without structural fixes
ISLAMABAD: Structural reforms in Pakistan’s energy sector, state-owned enterprises and governance frameworks are essential to the success of the country’s $7 billion bailout program with the International Monetary Fund, a senior IMF official said, warning that macroeconomic vulnerabilities remain despite recent progress.
Pakistan signals interest in Gaza stabilisation force, but no troop commitment yet
ISLAMABAD: Secretary of State Marco Rubio said on Friday that Pakistan had agreed to participate in discussions about a proposed international stabilisation force for Gaza, though he stopped short of confirming any firm commitment from Islamabad to deploy troops.
Pakistan warns of crop losses as India disrupts Jhelum flows days after Chenab manipulation
ISLAMABAD: Pakistan accused India on Friday of deliberately disrupting the flow of the Jhelum River by abruptly holding and releasing water from upstream hydroelectric projects, a move that officials said was exacerbating a water crisis already straining the country’s vast agricultural heartland after similar fluctuations in the Chenab River.
Pakistan plans $250mln debut Panda bond in January to tap China’s yuan market
ISLAMABAD: Pakistan is set to issue its first-ever Panda bond next month, aiming to raise the equivalent of $250 million as part of a broader $1 billion program, as the cash-strapped South Asian nation seeks to diversify its funding sources and reduce reliance on dollar-denominated debt.
ATC frees ex-foreign minister Qureshi but jails four other PTI leaders over May 9 riots
LAHORE: An anti-terrorism court acquitted Shah Mahmood Qureshi, a former foreign minister and prominent leader of opposition Pakistan Tehreek-e-Insaf (PTI) party, on Friday in a case tied to violent riots in 2023, even as it sentenced four other senior party figures to 10 years in prison each, deepening the legal entanglements that have sidelined much of the party’s leadership.
Four soldiers martyred in North Waziristan suicide attack, Pakistan demarches Afghan diplomat
ISLAMABAD: Four soldiers were martyred on Friday when militants rammed an explosives-laden vehicle into the outer wall of a security forces camp in the restive North Waziristan district, collapsing part of the structure and injuring at least 15 civilians, including women and children, military said.
Pakistan's Rangers soldiers, in black, and Indian Border Security Forces soldiers, behind the gate, lower their flags during a daily closing ceremony at the Wagah, a joint post on the Pakistan and India border, near Lahore, Pakistan, Monday, May 5, 2025. (AP Photo/K.M. Chaudary)
UN says Indian attack on Pakistan after Pahalgam incident was unlawful
ISLAMABAD: United Nations experts have raised alarms that India’s military strikes on Pakistan in response to an attack in Kashmir this spring violated international law and human rights, including the rights to life and security, according to a report made public this week.
Pakistan arrests Islamic State Khorasan key propagandist, UN report says
ISLAMABAD: Pakistani authorities arrested Sultan Aziz Azzam, the longtime spokesperson for the Islamic State’s Khorasan branch, (IS-K), earlier this year, according to a recent United Nations report that highlighted both progress against the group and continuing terrorist activity across Afghanistan.
SBP reserves top $15.8 billion, highest since 2022 on IMF funds
KARACHI: The foreign-exchange reserves held by the central bank surged by more than $1.3 billion in a single week to the highest level in almost four years, bolstered by a fresh disbursement from the International Monetary Fund.