Silence from Punjab officials fuels questions over reports of $40 million luxury jet purchase

LAHORE: Reports that the provincial Punjab government has acquired a luxury Gulfstream business jet for VIP use have met with a wall of official silence, even as the move draws sharp rebukes from opposition figures and amplifies concerns over public spending in a nation grappling with soaring poverty and debt.

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PM Sharif heads to Washington for Trump-hosted peace summit amid Gaza stabilisation push

ISLAMABAD: Prime Minister Shehbaz Sharif arrives in Washington on Wednesday to attend a global summit convened by the Board of Peace (BoP), hosted by US President Donald Trump. The gathering aims to extend beyond the immediate crisis in Gaza, seeking to restore broader global peace and stability in a forum that bypasses traditional multilateral structures.

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Slight rebound in Pakistan’s textiles masks broader export decline, import surge

ISLAMABAD: Pakistan’s textile exports, the backbone of the nation’s foreign exchange earnings, posted a modest 1.25% gain in the first seven months of the fiscal year, climbing to $10.904 billion from $10.777 billion a year earlier, even as broader shipments faltered and imports swelled, widening the trade deficit.

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Pakistan on track to meet most IMF targets ahead of key review, brokerage says

KARACHI: Pakistan is on track to satisfy nearly all of the International Monetary Fund’s quantitative performance criteria under its current bailout program, according to brokerage Topline Securities, a development that could smooth the path for the lender’s upcoming review and the release of further funds.

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Pakistan, allies condemn Israel’s West Bank land move as threat to two-state solution

ISLAMABAD: Pakistan and seven other Muslim-majority nations on Tuesday condemned Israel’s decision to approve land registration in the occupied West Bank for the first time since 1967, calling it a step to accelerate illegal settlement activity and undermine prospects for a two-state solution in the Middle East.

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