ISLAMABAD: Pakistan has relaunched efforts to privatise its struggling national flag carrier, inviting expressions of interest by May 3, 2025 for a majority stake in Pakistan International Airlines Corporation Limited (PIACL) after a previous sale attempt failed.
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Pakistan closes border, airspace to India, warns of ‘act of war’ over water treaty
ISLAMABAD: Pakistan announced a sweeping set of retaliatory measures against India on Thursday, including the immediate closure of the Wagah border crossing, shutting down its airspace for Indian airlines and the suspension of multiple bilateral agreements, in response to what it called “unilateral, unjust, politically motivated, highly irresponsible, and illegal” actions by New Delhi.
Brokerage poll sees majority betting rate cut, yet SBP likely to stand pat
By Staff Reporter
KARACHI: The central bank may consider reducing interest rates next week as inflation slows, but worries about delayed foreign funding and global trade issues could lead to caution, a top brokerage firm said.
Pakistan’s polio fight hit by new case and deadly attack
ISLAMABAD: Pakistan confirmed its seventh polio case of 2025 in Khyber Pakhtunkhwa province on Wednesday, while two security personnel were killed in an attack on a polio vaccination team in Balochistan, highlighting the persistent challenges of disease eradication amid security threats.
World Bank cuts Pakistan’s growth forecast, urges structural reforms
ISLAMABAD: The World Bank has trimmed its growth forecast for Pakistan to 2.7 percent for fiscal year 2025, a slight dip from its previous estimate of 2.8 percent, signaling that without sweeping structural reforms to bolster private investment and export strength, the country’s economic and poverty woes will persist.
Pakistan calls security meeting after India suspends water treaty over Kashmir attack
ISLAMABAD: Prime Minister Shehbaz Sharif has called an urgent meeting of the National Security Committee, a body of top civil and military leaders, for Thursday to address India’s retaliatory measures following a deadly militant attack in occupied-Kashmir that New Delhi has linked to Pakistan-based groups.
Star designer Nomi Ansari charged in Rs1.2 billion tax evasion case
KARACHI: Tax authorities have slapped criminal charges on celebrated fashion designer Nomi Ansari, accusing him of dodging Rs1.2 billion in taxes in a case that’s potentially rock the country’s elite fashion world.
Senate erupts over controversial Cholistan Canal project
ISLAMABAD: The Senate descended into chaos on Tuesday as lawmakers from the opposition Pakistan Tehreek-e-Insaf (PTI) and coalition partner Pakistan Peoples Party (PPP) clashed over competing resolutions on the contentious Cholistan canal project, exposing deep rifts over water rights.
IMF cuts Pakistan growth outlook to 2.6pc amid US tariff blow
KARACHI: The International Monetary Fund (IMF) cut Pakistan’s growth forecast to 2.6 percent for the current fiscal year, down from 3 percent, as the US new tariffs, now at their highest levels in a century, on Pakistani goods threaten the country’s export-driven economy.
Pakistan seeks to boost US imports, remove barriers to escape Trump tariffs
KARACHI: Pakistan is seeking to increase its imports from the United States and eliminate non-tariff barriers in an effort to mitigate the impact of high tariffs imposed by President Donald Trump.