KARACHI: The State Bank of Pakistan on Wednesday received a $1.023 billion infusion from the International Monetary Fund, a critical lift for its foreign exchange reserves amid economic reforms and a fraught standoff with India.
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Pakistan names Mike Hesson white-ball coach, PSL to resume May 17
ISLAMABAD: The Pakistan Cricket Board (PCB) on Tuesday appointed New Zealand’s Mike Hesson as the national team’s white-ball coach, effective May 26, 2025, ahead of the Pakistan Super League (PSL) resumption later this month.
India, Pakistan expel diplomats in tit-for-tat espionage claims
ISLAMABAD: India and Pakistan expelled diplomats from each other’s high commissions on Tuesday, accusing them of espionage in an escalation that imperils a fragile US-brokered ceasefire after recent military clashes.
MSCI adds three Pakistani cement stocks to Frontier Index
KARACHI: MSCI Inc. will add three Pakistani cement companies, DG Khan Cement Co., Maple Leaf Cement Factory Ltd., and Fauji Cement Co, to its Frontier Markets Index on May 30, lifting the country’s constituents to 26 from 23 and potentially drawing more foreign cash into its equity market.
Trump suggests India, Pakistan ‘go out to dinner’ for peace talks post-truce
ISLAMABAD: President Donald Trump on Tuesday urged India and Pakistan to ‘go out to dinner’ to settle their disputes, as the State Department stressed the need for direct talks between the two nuclear-armed neighbours.
Pakistan reaffirms ceasefire commitment, slams Modi’s speech as ‘dangerous escalation’
SLAMABAD: Pakistan on Tuesday doubled down on its commitment to uphold the fragile ceasefire with India but warned that any aggression would be met with full resolve.
Pakistan says 11 soldiers, 40 civilians martyred in week of clashes with India
ISLAMABAD: The military said on Tuesday that 11 soldiers and at least 40 civilians were martyred during a week of intense hostilities with India, as a US-brokered ceasefire struggled to contain the deadliest military escalation between the nuclear-armed rivals in nearly a decade.
Aurangzeb says India military standoff has limited fiscal impact; IMF tranche due today
KARACHI: Pakistan will receive a $1 billion loan instalment from the International Monetary Fund on Tuesday, Finance Minister Muhammad Aurangzeb said, part of a $7 billion bailout to stabilise the crisis-hit economy.
Trump says trade leverage helped secure India-Pakistan ceasefire
ISLAMABAD: President Donald Trump said Monday that his administration used trade leverage to broker a ceasefire between India and Pakistan, halting what he claimed could have escalated into a nuclear war.
Operation Bunyan-um-Marsoos against India ends successfully, military says
ISLAMABAD: Military declared on Monday the successful conclusion of Operation Bunyan-um-Marsoos, a counter-offensive following weeks of escalated hostilities with arch-rival India that saw cross-border strikes, aerial dogfights, and unprecedented cyber warfare.