ISLAMABAD: Pakistan has incurred a revenue shortfall of Rs4.1 billion in little more than two months after shutting its airspace to Indian-registered aircraft, the defence ministry informed parliament Friday, insisting national security trumps economic costs.
Latest
Security forces thwart infiltration bid, kill 33 militants
QUETTA: Pakistani security forces killed 33 militants attempting to infiltrate from Afghanistan into the country’s southwestern Balochistan province, the military said on Friday, in one of the deadliest recent encounters along the volatile border
Modi declined June White House visit to avoid Pakistan army chief – Bloomberg
ISLAMABAD: Indian Prime Minister Narendra Modi declined a June meeting with US President Donald Trump, wary of a potential encounter with Pakistan’s army chief, Field Marshal Asim Munir, who was also visiting Washington then, Bloomberg reported.
Shia groups call off protest march after government concessions on Arbaeen pilgrimage
KARACHI: Two prominent Shia organisations, the Majlis Wahdat-e-Muslimeen (MWM) and the Shia Ulema Council, have called off a planned protest march from Karachi to the Pakistan-Iran border following successful negotiations with the government over their pilgrimage to Iraq for the Arbaeen commemoration.
Pakistan braces for fresh monsoon rains amid flood fears
ISLAMABAD: Pakistan is gearing up for another spell of monsoon rains from August 8 to 13, as the country struggles to recover from weeks of heavy showers and floods that have killed at least 303 people and injured more than 700.
Two killed in bomb attack on police vehicle in South Waziristan
ISLAMABAD: At least two people were killed and 14 others, including two policemen, were injured when a remotely detonated bomb targeted a police patrol vehicle in a bustling marketplace in Pakistan’s South Waziristan tribal district on Thursday, officials said.
ECNEC approves Rs1.5 trillion in projects
ISLAMABAD: The National Economic Council (ECNEC) on Thursday approved 27 projects worth Rs1.5 trillion in a swift two-hour meeting, prompting fears of fiscal overreach and potential breaches of IMF commitments.
Opposition PTI resists military operation in KP as peace talks stall in Bajaur
ISLAMABAD: Pakistan’s opposition Pakistan Tehreek-e-Insaf (PTI) party of former prime minister Imran Khan on Thursday fiercely opposed any potential military operation in its ruled Khyber Pakhtunkhwa province amid a spike in terror incidents, prompting a federal minister to assert that action against militants under the National Action Plan (NAP) would press ahead despite their resistance, as peace talks with the banned Tehrik-e-Taliban Pakistan (TTP) faltered in Bajaur.
Pakistan launches five-year plan to privatise 24 state-owned enterprises
ISLAMABAD: The government has launched an ambitious five-year plan to privatise 24 state-owned enterprises (SOEs), aiming to boost efficiency and ease the financial strain of loss-making public companies, a minister said on Thursday.
Pakistan secures lowest US tariff in South Asia – minister
ISLAMABAD: Pakistan has secured a trade deal with the United States, locking in a 19% tariff rate—the lowest in South Asia, a government minister said Thursday, a move expected to significantly boost the country’s exports, particularly in textiles.