ISLAMABAD: Pakistan’s trade deficit surged 55.2% month-on-month to $3.39 billion in April 2025, driven by a sharp contraction in exports and a double-digit rise in imports, official data showed on Friday.
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Inflation hits historic low of 0.3pc in April, deflation fears grow
KARACHI: Pakistan’s consumer inflation rate slowed sharply to 0.3 percent year-on-year in April 2025, the lowest level in approximately six decades, marking a dramatic turnaround from the double-digit crises that gripped the economy a year earlier, data from the Pakistan Bureau of Statistics (PBS) showed on Friday.
US urges calm as Pakistan-India tensions flare over Kashmir attack
ISLAMABAD: US Vice President JD Vance called on India to avoid escalating tensions with Pakistan on Thursday after a deadly attack in occupied Kashmir, as the nuclear-armed rivals exchanged accusations and bolstered military stances.
Multinationals press for 17 percent GST to reverse sales slump
ISLAMABAD: Multinational companies in Pakistan are pushing the government to slash taxes and overhaul fiscal policies they blame for eroding profits, with sales declines of up to 30 percent across industries.
FBR races to close Rs3 trillion tax gap in 2 months
ISLAMABAD: The Federal Board of Revenue (FBR) is racing against time to bridge a Rs3 trillion fiscal gap over the next two months to meet a revised tax target of Rs12.332 trillion, after sluggish collections deepened risks of missing a critical benchmark renegotiated under an International Monetary Fund bailout program.
Pakistan warns of nuclear risks, seeks Trump’s mediation in Kashmir
By Staff Reporter ISLAMABAD: Pakistan’s ambassador to the United States has called on President Donald Trump to step in and mediate the worsening Kashmir conflict
Spy chief gets key national security role amid India tensions
ISLAMABAD: The government has named Lieutenant General Muhammad Asim Malik, head of the Inter-Services Intelligence (ISI), as the new National Security Adviser (NSA), the first time a serving ISI chief will hold both roles simultaneously.
Petrol, diesel prices cut by Rs2/liter, tax grab limits relief
ISLAMABAD: The government cut petrol and diesel prices by Rs2 per liter on Wednesday, a marginal reprieve for consumers as it siphoned savings from falling global oil costs through higher taxes to shore up revenue.
No first strike, but Pakistan promises fierce reply to India
ISLAMABAD: Deputy Prime Minister Ishaq Dar said on Wednesday that Pakistan would not initiate military escalation with India but warned of a “very strong” response if provoked, as tensions over a deadly attack in occupied Kashmir brought the nuclear-armed rivals to a diplomatic precipice.
Sharif tells US India risks South Asia stability after Pahalgam attack
ISLAMABAD: Prime Minister Shehbaz Sharif told US Secretary of State Marco Rubio on Wednesday that India’s provocative response to last week’s Pahalgam attack in occupied Kashmir threatens South Asia’s stability, as he called for a neutral probe into the incident during a telephone conversation.