ISLAMABAD: Iranian Foreign Minister Abbas Araqchi announced on Friday that the Strait of Hormuz had been reopened to all commercial vessels, a significant easing of tensions in the Persian Gulf following a fragile US-brokered ceasefire in Lebanon.
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Pakistan sells $500 million eurobond at 6.95 percent after four-year hiatus
ISLAMABAD: Pakistan sold $500 million of three-year Eurobonds on Friday, its first return to the international capital markets in four years, a day after receiving $2 billion in fresh assistance from Saudi Arabia.
Factory output rebounds for fifth straight month, powered by autos and petroleum
ISLAMABAD: Pakistan’s large-scale manufacturing sector expanded 5.89% year-on-year in the first eight months of fiscal 2026, as a sustained rebound in industrial production offset weakness in textiles and steel, data from the Pakistan Bureau of Statistics showed.
FM Aurangzeb thanks Beijing for IMF backing as Panda bond plans advance
ISLAMABAD: Finance Minister Muhammad Aurangzeb thanked China for its “long-standing and unwavering” support for Pakistan’s International Monetary Fund program and praised Beijing’s role in shepherding the country’s latest reviews, the finance ministry said on Friday.
Pakistan signs agreement with Saudi Arabia to extend $3 billion deposit
ISLAMABAD: Pakistan and Saudi Arabia signed an agreement on Friday to extend the maturity of a $3 billion deposit that the Saudi Fund for Development placed with the State Bank of Pakistan, the finance ministry said.
Sharif and Erdogan urge swift action to lock in fragile Mideast ceasefire as Islamabad’s mediation push intensifies
ISLAMABAD: Prime Minister Shehbaz Sharif and Turkish President Recep Tayyip Erdogan on Friday stressed the need to “effectively utilise the current window of opportunity” to forge a durable peace in the Middle East, capping a day of high-level diplomacy here as Pakistan presses to convert a two-week-old ceasefire between the United States, Israel and Iran into a lasting agreement.
Bushra Bibi, wife of imprisoned former prime minister Khan undergoes retinal surgery and returns to jail amid mounting health concerns
RAWALPINDI: Bushra Bibi, the wife of imprisoned former prime minister Imran Khan, was returned to Adiala Jail on Friday after undergoing surgery for retinal detachment in her right eye at a private hospital in Rawalpindi, jail authorities said.
Pakistan deploys two dozen fighter jets to escort Iranian negotiators home after inconclusive US talks, citing fears of Israeli attack
By Staff Reporter ISLAMABAD: Pakistani fighter jets and surveillance aircraft provided an extensive air escort last weekend to a high-level Iranian delegation returning from inconclusive
Trump says he might travel to Islamabad if US-Iran deal is signed, pointing to weekend talks
ISLAMABAD: President Donald Trump said on Thursday that he might travel to Islamabad if a peace agreement with Iran is signed there, offering an optimistic assessment of the prospects for ending six weeks of conflict even as he warned that fighting could resume without a deal.
Pakistan Navy test-fires indigenous anti-ship ballistic missile
ISLAMABAD: The Pakistan Navy on Thursday successfully conducted a live firing of an indigenously developed ship-launched anti-ship ballistic missile, striking its target at extended range with high speed and precision, the military said.