ISLAMABAD: In one of the largest drug seizures in recent maritime history, a Pakistani naval vessel intercepted two stateless sailboats in the Arabian Sea last week, confiscating narcotics valued at more than $972 million, according to a multinational naval coalition that oversaw the operation.
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Pakistan condemns renewed Israeli strikes in Gaza, urges global action
ISLAMABAD: Pakistan on Wednesday sharply condemned Israel’s renewed military operations in Gaza, which have killed at least 87 Palestinians since a United States-brokered ceasefire took effect, urging the international community to impose “urgent and effective” measures to halt the violations and protect civilians.
Pakistan to tap global markets in 2026 with eurobond, first panda bond
KARACHI: Pakistan is gearing up to re-enter international capital markets with a Eurobond issuance under its Global Medium-Term Note (GMTN) program in 2026, Finance Minister Muhammad Aurangzeb said on Wednesday, signaling growing confidence in the country’s economic stabilisation efforts.
Rain, South Africa end Pakistan’s Women’s World Cup hopes
LAHORE: Pakistan crashed out of the ICC Women’s World Cup on Tuesday after a crushing 150-run defeat to South Africa under the Duckworth-Lewis-Stern method in a rain-hit penultimate league match at the R. Premadasa Stadium in Colombo.
Supreme Court judges warn new conduct code curbs judicial independence
ISLAMABAD: Two senior justices of the Supreme Court of Pakistan have sharply criticised recent amendments to the code of conduct for superior court judges, warning that the changes would curb judicial independence, foster self-censorship and open the door to internal and external pressures on the judiciary.
IMF lifts MENA, Pakistan growth forecasts on stronger demand, higher oil output
KARACHI: The International Monetary Fund raised its economic growth forecasts for the Middle East and North Africa region, citing higher oil production among exporters and resilient domestic demand among importers including Pakistan.
Pakistan warns of ‘decisive response’ to any Indian violation of territory
ISLAMABAD: Pakistan’s army chief on Tuesday accused India of sponsoring terrorist proxies in the restive province of Balochistan, warning that any violation of his country’s territorial integrity would prompt a “firm and decisive response,” as tensions between the two nuclear-armed neighbors remain heightened following a brief but deadly border conflict earlier this year.
Pakistan admits strikes in Kabul, other Afghan cities against TTP after deadly attack
ISLAMABAD: Pakistan’s defence minister has confirmed that his country conducted airstrikes inside Afghanistan this month, targeting militants from the Tehreek-e-Taliban Pakistan (TTP), in Kabul and other cities, amid a sharp escalation in cross-border violence that has strained relations between the two neighbors.
K-Electric hit by Rs7.6 cut in average tariff after regulator’s review
ISLAMABAD: K-Electric Ltd., the power utility serving Pakistan’s largest city, said a regulatory decision will slash its average tariff by Rs7.6 per kilowatt-hour, creating challenges for the company and its customers amid efforts to stabilise the nation’s strained electricity sector.
Pakistan’s current account swings to surplus, but FDI drops sharply
KARACHI: Pakistan’s current account swung to a surplus in September for the first time this fiscal year, offering a reprieve to policymakers grappling with dollar shortages, even as foreign direct investment plunged 34% in the first quarter amid waning interest from key partners like China.