ISLAMABAD: Prime Minister Shehbaz Sharif said the country has emerged from a near-default economic crisis, crediting government efforts for stabilising key indicators and securing a fresh $1.2 billion disbursement from the International Monetary Fund.
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Defence Minister accuses ex-spy chief of orchestrating Nawaz Sharif’s ouster and Imran Khan’s rise
ISLAMABAD: Defence Minister Khawaja Asif on Saturday accused former spy chief Faiz Hameed of masterminding the 2017 ouster of ex-prime minister Nawaz Sharif and engineering the rise of Imran Khan, linking the jailed general to a broad conspiracy that damaged the country.
Fuel prices set for potential drop, regulator pushback
KARACHI: The petroleum product prices could fall by as much as Rs12 per liter starting Monday, according to estimates from industry officials, though the oil regulator dismissed such reports as purely speculative and not reflective of any formal process.
Pakistan plans public disclosure of officials’ assets by end-2026 to curb corruption
ISLAMABAD: The finance ministry said it will make details of high-ranking officials’ assets accessible online to the public by the end of 2026 as part of a push to strengthen anti-corruption measures.
SBP seen holding rates at 11 percent as IMF warns on inflation risks
KARACHI: The central bank is poised to keep its key interest rate unchanged at 11% on Monday, according to a Reuters poll, with analysts delaying expectations for cuts until late in the fiscal year ending June 2026 amid persistent inflation threats flagged by the International Monetary Fund.
Gilgit-Baltistan heads to polls on Jan. 24 as caretaker setup takes charge
ISLAMABAD: The president has set Jan. 24, 2026, as the date for elections in Gilgit-Baltistan, the strategically vital northern region bordering China and India, marking the first vote there since a turbulent five-year term that saw a chief minister disqualified and a coalition government take power.
Pakistan inks deal with Binance to explore $2 billion asset tokenization
ISLAMABAD: Pakistan signed a memorandum of understanding with crypto exchange Binance to explore tokenizing up to $2 billion in sovereign bonds, treasury bills and commodity reserves, a move aimed at boosting liquidity and drawing international investors amid a broader push into digital assets.
Pakistan presses world to push Taliban on militancy, warns of rising cross-border threats
ISLAMABAD: Prime Minister Shehbaz Sharif urged the international community on Friday to press the Afghan Taliban to rein in terrorist groups operating from Afghan soil, emphasising Islamabad’s persistent security concerns amid fragile cross-border relations.
Pakistan secures $940 million from ADB, World Bank for SOE reform, climate and water projects
KARACHI: Pakistan received a fresh influx of international financing on Friday as the Asian Development Bank approved $540 million to overhaul its struggling state-owned enterprises and bolster coastal defenses against climate disasters, while the World Bank separately greenlighted $400 million to expand water and sanitation services in the country’s most populous province.
Pakistan summons Norwegian ambassador over court attendance of rights activist
ISLAMABAD: The foreign ministry summoned Norway’s ambassador on Thursday and accused him of breaching diplomatic protocol by attending a Supreme Court hearing involving a prominent human rights activist and her husband, who face charges over controversial social media posts.