KARACHI: The central bank bought $7.8 billion of dollars from the interbank market over the past year, a move that helped avoid heavier foreign borrowing at elevated rates and lifted foreign exchange reserves fivefold in about two-and-a-half years.
Lead
Nepra fines K-Electric Rs25 million over 2023 grid failure
ISLAMABAD: The National Electric Power Regulatory Authority imposed a Rs25 million penalty on K-Electric Ltd., holding the power utility accountable for exacerbating a nationwide blackout that plunged the country into darkness for nearly a day.
Pakistan edges closer to IMF deal as FM Aurangzeb sees no ‘showstoppers’ in review talks
ISLAMABAD: Finance Minister Muhammad Aurangzeb struck an upbeat note on the country’s push for a staff-level agreement with the International Monetary Fund, describing recent talks as “constructive” and insisting there are no “showstoppers” in the way.
Remittance inflows climb to $3.2 billion in September, bolstered by formal channels
KARACHI: Pakistan’s overseas workers’ remittances surged to $3.2 billion in September 2025, reflecting robust growth in inflows that serve as a critical lifeline for the nation’s economy, according to data released by the State Bank of Pakistan (SBP) on Thursday.
Pakistan hails Israel-Hamas truce deal as ‘historic opportunity’ for Mideast peace
ISLAMABAD: Prime Minister Shehbaz Sharif on Thursday called the agreement between Israel and Hamas on the initial phase of President Donald Trump’s truce plan a “historic opportunity” for lasting peace in the Middle East, commending the United States and regional leaders for their roles in brokering the deal.
Ex-senator Ahmad detained in flotilla raid, leaves Jordan for Pakistan – embassy
ISLAMABAD: A former senator who was detained by Israeli forces last week while leading an aid flotilla bound for Gaza has safely departed for home, the Pakistani Embassy in Jordan said late Wednesday, capping a diplomatic effort to secure his release amid ongoing tensions over Israel’s blockade of the Palestinian territory.
Islamabad on alert as hardline TLP plans march, anti-Israel protest
RAWALPINDI: Police ramped up security in Rawalpindi and Islamabad on Thursday ahead of a planned march by the hardline Islamist group Tehreek-e-Labbaik Pakistan (TLP), following violent clashes that injured officers during a raid on the group’s headquarters in Lahore.
Rift between ruling allies appears to ease after Zardari brokers peace talks
ISLAMABAD: After weeks of escalating tensions between ruling coalition partners, the Pakistan Muslim League-Nawaz (PML-N) and the Pakistan Peoples Party (PPP), senior leaders from both sides agreed early Thursday to halt their public exchanges of criticism.
Military says major martyred, seven militants killed in Dera Ismail Khan operation
ISLAMABAD: An army major was martyred, and seven militants were killed in a clash during an intelligence-led raid in the restive northwest, the military said on Thursday, underscoring the persistent threat of insurgent violence along the Afghan border.
IMF says ‘significant progress’ made toward staff-level deal in Pakistan’s $7 billion bailout review
ISLAMABAD: Pakistan and the International Monetary Fund made significant progress toward a staff-level agreement on the review of a $7 billion bailout program, as the lender weighs the impact of recent floods on the cash-strapped South Asian nation’s economy.