Lifeline under siege 

India’s abrupt suspension of the Indus Waters Treaty on April 24, 2025, following a deadly terrorist attack in Kashmir, has thrust South Asia into a perilous standoff, with Pakistan warning that any tampering with its water lifeline would be an “act of war.” The decision, outlined in a sharply worded letter from India’s Jal Shakti Ministry Secretary Debashree Mukherjee to her Pakistani counterpart Syed Ali Murtaza, dismantles a 65-year-old pact that has endured wars and crises, exposing the fragility of trust between two nuclear-armed neighbors.

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Pakistan challenges India to provide evidence over Kashmir attack

ISLAMABAD: Deputy Prime Minister Ishaq Dar on Thursday challenged India to provide evidence backing its claims of Pakistani involvement in a weekend attack in occupied Kashmir that killed 26 people, dismissing the allegations as “baseless” while warning of reciprocal measures against New Delhi’s diplomatic and economic escalations.  

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Banking sector grows 15.8pc in 2024, NPLs decline: SBP

KARACHI: Pakistan’s financial system maintained its stability and operational strength in 2024 despite global headwinds, as improved macroeconomic conditions and regulatory safeguards helped curb credit risks and bolster capital buffers, the State Bank of Pakistan (SBP) said in its annual Financial Stability Review (FSR) released on Thursday.

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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.

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