ISLAMABAD: Pakistan has posted the steepest decline in sovereign default risk worldwide over the past year, topping Bloomberg Intelligence’s Global Emerging Market Rankings for credit risk improvement, as growing investor confidence underscores the country’s economic turnaround.
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Thirteen Pakistani soldiers killed in suicide attack on convoy in North Waziristan
ISLAMABAD: Thirteen Pakistani soldiers were killed on Saturday when an explosive-laden vehicle rammed into their convoy in the northwestern district of North Waziristan, marking one of the deadliest attacks on security forces this year.
Pakistan rejects Abraham accords, stands firm on Palestine
ISLAMABAD: Pakistan’s Foreign Minister Ishaq Dar on Friday ruled out joining the Abraham Accords, insisting that recognising Israel would betray Islamabad’s long-standing support for a two-state solution to the Palestinian conflict.
Govt authorises military deployment nationwide for Muharram security
ISLAMABAD: The government has authorised the nationwide deployment of the military and civil armed forces to bolster security during Muharram-ul-Haram, a sacred Islamic month marked by mourning and large-scale religious observances, particularly among Shia Muslims.
Hague court says Indus treaty lacks provision for unilateral abeyance, rejects India
ISLAMABAD: The Permanent Court of Arbitration (PCA) in The Hague ruled on Friday that the 65-year-old water-sharing pact has “no provision for unilateral abeyance,” affirming its authority to adjudicate disputes over two hydroelectric projects in the occupied Kashmir.
Pakistan to hikes industrial gas prices 10pct under IMF deal, spares households
ISLAMABAD: Pakistan will raise natural gas prices for industrial users and power plants by 10% starting next month, after approving the measure on Friday in line with International Monetary Fund reforms, while keeping household rates unchanged.
Pakistan’s army chief labels India the region’s top sponsor of terrorism
ISLAMABAD: Pakistan’s army chief has termed India the region’s foremost sponsor of terrorism, sharpening the divide between the two nuclear-armed neighbors following a deadly clash earlier this year.
Pakistan stocks hit record as budget approval fuels rally
KARACHI: Pakistan’s benchmark KSE-100 Index soared to an all-time high Friday, climbing 1.91% to 124,379.07, as local institutions bought aggressively after lawmakers approved the 2025 budget.
Flash floods in Swat River kill eight, leave four missing
ISLAMABAD: Flash floods triggered by heavy rains in the Swat River in Pakistan’s Khyber Pakhtunkhwa province have killed at least eight people and left another four missing, officials said on Friday as rescue teams scrambled to locate survivors and recover victims amid surging floodwaters in the northwest.
UPADTED: Pakistan top court overturns ruling, rejects PTI’s claim to 39 reserved seats
ISLAMABAD: Pakistan’s Supreme Court on Friday rejected the opposition Pakistan Tehreek-e-Insaf’s (PTI) claim to 39 reserved seats in the national and provincial assemblies, overturning a prior ruling and shifting the country’s parliamentary balance toward the ruling coalition.