ISLAMABAD: Pakistan’s $7 billion International Monetary Fund program remains firmly on course, a top official said on Friday, brushing aside India’s calls for the lender to reassess the country’s financial support.
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Pakistan military warns India of decisive response to any imposed war
RAWALPINDI: Pakistan’s military top leadership on Friday said India was exploiting a deadly April attack in occupied Kashmir to deflect domestic issues and jeopardise a vital water-sharing treaty, as it reaffirmed its readiness to defend national sovereignty.
Pakistan’s tax-to-GDP ratio set to reach 10.6pc by fiscal year-end
ISLAMABAD: Pakistan’s tax-to-GDP ratio is projected to reach 10.6% by the end of the current fiscal year, Finance Minister Muhammad Aurangzeb said on Friday, signaling incremental progress toward a 13% target under the country’s International Monetary Fund (IMF) program to stabilise its debt-strained economy.
Trade deficit balloons 55pc in April as exports fall, imports jump
ISLAMABAD: Pakistan’s trade deficit surged 55.2% month-on-month to $3.39 billion in April 2025, driven by a sharp contraction in exports and a double-digit rise in imports, official data showed on Friday.
Inflation hits historic low of 0.3pc in April, deflation fears grow
KARACHI: Pakistan’s consumer inflation rate slowed sharply to 0.3 percent year-on-year in April 2025, the lowest level in approximately six decades, marking a dramatic turnaround from the double-digit crises that gripped the economy a year earlier, data from the Pakistan Bureau of Statistics (PBS) showed on Friday.
US urges calm as Pakistan-India tensions flare over Kashmir attack
ISLAMABAD: US Vice President JD Vance called on India to avoid escalating tensions with Pakistan on Thursday after a deadly attack in occupied Kashmir, as the nuclear-armed rivals exchanged accusations and bolstered military stances.
Multinationals press for 17 percent GST to reverse sales slump
ISLAMABAD: Multinational companies in Pakistan are pushing the government to slash taxes and overhaul fiscal policies they blame for eroding profits, with sales declines of up to 30 percent across industries.
FBR races to close Rs3 trillion tax gap in 2 months
ISLAMABAD: The Federal Board of Revenue (FBR) is racing against time to bridge a Rs3 trillion fiscal gap over the next two months to meet a revised tax target of Rs12.332 trillion, after sluggish collections deepened risks of missing a critical benchmark renegotiated under an International Monetary Fund bailout program.
Pakistan warns of nuclear risks, seeks Trump’s mediation in Kashmir
By Staff Reporter ISLAMABAD: Pakistan’s ambassador to the United States has called on President Donald Trump to step in and mediate the worsening Kashmir conflict
Spy chief gets key national security role amid India tensions
ISLAMABAD: The government has named Lieutenant General Muhammad Asim Malik, head of the Inter-Services Intelligence (ISI), as the new National Security Adviser (NSA), the first time a serving ISI chief will hold both roles simultaneously.