ISLAMABAD: Prime Minister Shehbaz Sharif on Saturday urged a “neutral and transparent” investigation into a deadly attack in occupied Kashmir earlier this week, dismissing Indian suggestions of cross-border involvement as “baseless allegations.”
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Saudi, Iran reach out to ease Pakistan-India tensions
ISLAMABAD: Saudi Arabia and Iran separately offered on Friday to mediate between India and Pakistan, urging de-escalation after a deadly attack in Indian occupied Kashmir reignited tensions between the nuclear-armed rivals, raising concerns of a broader confrontation.
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.
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.
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.
Govt pauses controversial Indus canal project after Sindh protests, seeks provincial consensus
ISLAMABAD Prime Minister Shehbaz Sharif announced on Thursday that the government will halt construction of new canals on the Indus River until a consensus is reached among the country’s provinces, following weeks of protests in southern Sindh province over fears of water shortages.
Pakistan relaunches PIA privatisation push with May 3 bid deadline
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.
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.