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.
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Grunge flags of India and Pakistan divided by barb wire illustration, concept of tense relations between India and Pakistan
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.
Climate-driven heatwave grips Pakistan, NDMA advises caution
ISLAMABAD: Pakistan faces a nationwide heatwave from April 22-27, with the National Disaster Management Authority (NDMA) urging the public to check weather updates before travelling due to rising temperatures linked to climate change.
Reforms, recovery in focus as Aurangzeb meets Georgieva, Banga at Spring Meetings
By Staff Reporter
ISLAMABAD: Finance Minister Muhammad Aurangzeb met with the heads of the International Monetary Fund (IMF) and the World Bank on Monday, launching a critical series of high-level consultations in Washington aimed at bolstering the country’s fragile economic recovery.
Coalition partners push to ease rift over disputed Indus canal project
ISLAMABAD: Senior leaders of the ruling coalition have taken steps to ease tensions over controversial canal projects on the Indus River, engaging in dialogue to bridge differences, though sharp criticism from middle-tier leaders underscores the deep divisions within the government.
Pakistan begins week-long polio vaccination campaign targeting 45 million children
ISLAMABAD: Pakistan launched a week-long polio vaccination campaign on Monday, targeting over 45 million children, with security tightened after recent attacks on health workers.