Pakistan’s benchmark stock index plummeted over three percent on Wednesday as investors scrambled to price in geopolitical risks after the government warned of potential Indian military strikes, escalating tensions between the nuclear-armed rivals.
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Pakistan braces for extreme heatwave as temperatures threaten global record
ISLAMABAD: Extreme heat across South Asia this week could approach globally recorded temperature highs for April, The Washington Post reported on Wednesday, with parts of Pakistan forecast to near 50 degrees Celsius (122 degrees Fahrenheit), matching a 2018 record.
CCP fines eight poultry firms Rs155 million for WhatsApp-led price-fixing cartel
ISLAMABAD: An antitrust regulator fined eight poultry hatcheries a combined Rs155 million for illegally colluding to fix prices of day-old chicks, a scheme it said worsened food inflation and exploited consumers amid economic strain.
US intensifies diplomacy to defuse India-Pakistan standoff over Kashmir attack
ISLAMABAD: The United States is intensifying diplomatic efforts to calm tensions between India and Pakistan following a deadly attack in occupied Kashmir, with Secretary of State Marco Rubio poised to speak with the foreign ministers of both nations, the State Department said on Tuesday.
Pakistan warns of Indian military strike within 36 hours
ISLAMABAD: Pakistan warned on Tuesday that India was set to launch military action within 36 hours over a disputed Kashmir attack.
Pakistan military says India shared ‘no shred of evidence’ even the week after Kashmir attack
ISLAMABAD: The military said on Monday that India had failed to provide any “shred of evidence” even one week after a deadly attack that killed 26 tourists in occupied Kashmir, challenging New Delhi’s accusations of Islamabad’s involvement.
Military shoots down Indian intruder quadcopter for LoC breach
By Staff Reporter ISLAMABAD: Pakistan’s military downed an Indian quadcopter that breached its airspace along the Line of Control (LoC) in disputed Kashmir region on
WB commits $108 million to boost KP infrastructure, tourism
ISLAMABAD: The World Bank on Tuesday approved $108 million in additional funding for two projects in Khyber Pakhtunkhwa province, aiming to enhance rural connectivity and supercharge tourism.
IMF board to weigh Pakistan’s $1 billion tranche, $1.3 billion climate loan on May 9
KARACHI: The International Monetary Fund’s Executive Board will meet on May 9 to review Pakistan’s $7 billion bailout and consider a $1.3 billion climate resilience loan, the lender’s website showed on Tuesday.
Pakistan flags ‘crucial’ days, warns of Indian military incursion
ISLAMABAD: Defence Minister Khawaja Asif said on Monday the next few days were ‘crucial’ with risks of an Indian military incursion, as a deadly attack in occupied Kashmir that killed 26 people heightened tensions between the nuclear-armed neighbours.