ISLAMABAD: Pakistan’s military said on Wednesday they had shot down four drones launched from Afghanistan into the southwestern province of Balochistan, and warned that any further cross-border attacks would be met with a “swift, decisive and overwhelming” military response.
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PPP, JUI-F strike alliance for Azad Kashmir election
ISLAMABAD: Pakistan’s Peoples Party and Jamiat Ulema-i-Islam-Fazl agreed on Tuesday to contest general elections in Pakistan-administered Kashmir together, as authorities pressed a crackdown on a banned protest group behind weeks of unrest in the region.
Govt borrowing exceeds last year’s full-year total in 11 months – SBP
KARACHI: The government borrowed more from commercial banks in the first eleven months and change of the current fiscal year than it did in the whole of FY25, with State Bank data released on Tuesday showing a fresh burst of borrowing in the week before the fiscal year-end.
FBR tops revised tax target with record Rs13 trillion in FY26 collections
ISLAMABAD: The tax authority collected more than 13 trillion rupees ($46 billion) in the fiscal year that ended on Tuesday, surpassing a downwardly revised target and clearing a benchmark set by the International Monetary Fund, the Federal Board of Revenue said.
Pakistan sees inflation relief in FY27 as Hormuz reopening eases price pressures
ISLAMABAD: Pakistan expects inflationary pressure to ease in the 2026-27 fiscal year after peaking near 12% in June, as the reopening of the Strait of Hormuz and a broader de-escalation in the Middle East help bring down global oil prices, the finance ministry said.
Police reportedly detain Rs10 million bounty leader Shaukat Nawaz Mir amid confusion over confirmation
MUZAFFARABAD: A senior leader of a banned Kashmiri activist group was reported arrested on Tuesday in a security operation in Azad Kashmir, though officials declined to confirm the development for hours, leaving conflicting accounts of where and how the detention took place.
Pakistan sets Jan 2028 deadline for interest-free banking shift, outlines transition roadmap
ISLAMABAD: The Ministry of Finance has finalised a strategy to steer the country’s financial system away from interest-based transactions, mandating that all new loans and financial contracts be structured on a Shariah-compliant basis starting Jan. 1, 2028, according to a policy paper.
Roof collapse kills 14 children at Lahore tuition centre
LAHORE: At least 14 children were killed and several more injured on Tuesday when the roof of a private tuition centre collapsed in the Kahna area of Lahore, officials said, in one of the deadliest accidents to strike Pakistan’s second-largest city in recent years.
Inflation seen easing in June as oil prices retreat, core pressures persist
KARACHI: Pakistan’s annual inflation rate is expected to moderate slightly in June, as falling global oil prices following a partial reopening of the Strait of Hormuz offset persistent increases in food costs, according to forecasts from two of the country’s leading brokerages released this week.
Behind a frozen Indus Waters Treaty, Pakistan warns the world of what comes next
ISLAMABAD: The Indus Waters Treaty has long stood as proof that two nuclear-armed rivals, locked for generations in dispute over Kashmir, could still manage to share a river. On Tuesday, in a packed hall at the Jinnah Convention Centre, a parade of Pakistan’s most senior officials argued that the 1960 agreement is now in genuine jeopardy, and asked the world to take notice before the damage spreads beyond South Asia.