ISLAMABAD: The government unveiled a Rs6.4 trillion borrowing plan for the current fiscal year to service a public debt that ballooned to Rs81.5 trillion by June 30, as an International Monetary Fund mission assesses the nation’s fiscal and monetary performance.
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Pakistan secures power sector financing, but dollar-linked debt looms large
ISLAMABAD: The power sector secured a lifeline with Rs1.225 trillion in fresh financing from commercial banks to tackle its chronic circular debt, but the industry remains tethered to exchange rate risks for nearly a decade due to dollar-indexed investments, particularly those tied to Chinese power projects, power minister said.
PM Sharif calls for Gaza ceasefire, offers dialogue with India at UN Assembly
ISLAMABAD: In a forceful address to the United Nations General Assembly on Friday, Prime Minister Shehbaz Sharif condemned Israel’s actions in Gaza as “genocidal” and urged an immediate ceasefire, while extending an olive branch to arch-rival India for dialogue to secure lasting peace in South Asia.
UPDATED: Trump meets Sharif, Munir in Oval Office as US-Pakistan ties deepen
By Staff Reporter ISLAMABAD: President Donald Trump met with Prime Minister Shehbaz Sharif and Chief of Army Staff Field Marshal Asim Munir in the Oval
FBR eases asset valuation rules for 2025 tax filing ahead of deadline
ISLAMABAD: The tax authority moved to clarify asset valuation rules for the 2025 tax season, allowing most taxpayers to self-declare the market value of their movable and immovable assets without formal appraisals or documentation.
IMF review begins with focus on missed targets, relief spending
KARACHI: An International Monetary Fund review mission kicked off simultaneous talks in Karachi and Islamabad on Thursday, delving into Pakistan’s uneven performance under its bailout program without the standard kickoff meeting with Finance Minister Muhammad Aurangzeb, who’s currently in the US.
Trump meets Sharif, Munir in Oval Office as US-Pakistan ties deepen
ISLAMABAD: President Donald Trump met with Prime Minister Shehbaz Sharif and Chief of Army Staff Field Marshal Asim Munir in the Oval Office on Friday morning, marking the first formal bilateral engagement between the leaders and signalling a gradual warming in US-Pakistan relations during Trump’s second term.
Flood-hit Pakistan sees coalition partners clash publicly over relief strategy
KARACHI: Pakistan’s ruling coalition partners escalated their public feud over flood relief on Thursday, with the chairman of the Pakistan Peoples Party insisting that a federal cash assistance program was the only effective way to deliver immediate aid to victims, while Punjab’s chief minister accused his party of politicising the disaster and vowed to provide more substantial support directly.
PM Sharif urges grants over loans in climate fight
ISLAMABAD: Prime Minister Shehbaz Sharif appealed to world leaders to fulfil promises on climate financing, warning that mounting loans are no substitute for grants to help vulnerable nations like his cope with escalating disasters fuelled by global warming.
ICC probes India captain Yadav over ‘political’ dedication after Pakistan win
LAHORE: Indian cricket captain Suryakumar Yadav faces potential disciplinary action from the International Cricket Council (ICC) after the Pakistan Cricket Board (PCB) lodged a complaint accusing him of politicising the game following India’s Asia Cup victory over Pakistan on September 14, with the ICC confirming it is reviewing the matter and may convene a formal hearing.