ISLAMABAD: A group of former leaders from the opposition Pakistan Tehreek-e-Insaf party announced plans to convene a multi-party conference in the capital next week, aiming to foster dialogue among rival factions and chart a path out of the country’s deepening political divisions.
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Pakistan’s top diplomat reaches Beijing for strategic talks with China
ISLAMABAD: Deputy Prime Minister Ishaq Dar reached Beijing on Saturday for high-level talks with his Chinese counterpart, aiming to deepen the longstanding alliance between the two nations amid a backdrop of regional tensions and economic challenges.
A war of words resurfaces as Pakistan and India clash over terrorism and water treaty
ISLAMABAD: The Foreign Office on Saturday sharply dismissed remarks by India’s external affairs minister, S. Jaishankar, as “irresponsible assertions,” accusing New Delhi of trying to shift blame for its own support of terrorism and its destabilising actions in the region.
Pakistan Air Force successfully tests indigenous cruise missile
ISLAMABAD: The Pakistan Air Force has successfully tested an indigenously developed air-launched cruise missile called Taimoor, military officials said on Saturday, hailing the achievement as a major step toward bolstering the nation’s defence capabilities amid rising regional tensions.
Pakistan grants Bangladesh carrier Karachi flight rights amid thawing ties
ISLAMABAD: Pakistan has given Bangladesh’s national airline permission to start flights between Dhaka and Karachi, marking a fresh step in rebuilding relations between the two nations more than five decades after their bitter split.
Pakistan plans $5 billion Roosevelt Hotel redevelopment in New York joint venture
ISLAMABAD: Pakistan is pushing ahead with plans to transform its shuttered Roosevelt Hotel in midtown Manhattan into a high-rise tower through a joint venture that could involve as much as $5 billion in equity and debt financing, according to a top government official.
Pakistan maps Rs472 billion in off-budget risks from public-private projects
ISLAMABAD: The Ministry of Finance has rolled out its inaugural framework to monitor fiscal risks tied to public-private partnerships (PPP), revealing that contingent liabilities and guarantees from such projects expose the public sector to about Rs472.3 billion in potential payouts.
Govt plans Rs5 trillion domestic borrowing in fiscal third quarter
KARACHI: The government is set to borrow roughly Rs5 trillion from domestic banks in the January-to-March quarter through auctions of government securities, leaning heavily on local lenders to plug its fiscal deficit as external funding remains scarce.
Pakistan plans 600 MHz spectrum sale next month in push for faster internet, 5G rollout
ISLAMABAD: Pakistan plans to auction about 600 megahertz of additional spectrum next month, a move aimed at easing a severe shortage that’s hampered internet speeds and delayed the country’s entry into the 5G era, a government minister said.
Exports sink for fifth straight month, slump over 20 percent in December
ISLAMABAD: Pakistan’s exports tumbled for a fifth consecutive month in December, plunging more than a fifth from a year earlier and driving the trade deficit wider amid sluggish global demand and soaring domestic costs.