Pakistan began formal negotiations with the International Monetary Fund on Tuesday over about $1.2 billion in bailout financing. It did so with a key state-asset reform still missing and a war-driven revenue shortfall to explain.
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Pakistan confirms fifth polio case of the year in Bannu
ISLAMABAD: Pakistan has recorded its fifth polio case of 2026, after the virus was confirmed in a 17-month-old girl in the north-western district of Bannu.
PTI rejects internal calls to delay Islamabad march for a second time, vows to go ahead Oct. 4
ISLAMABAD: Pakistan Tehreek-e-Insaf has rejected calls from within its own ranks to delay a march on Islamabad for a second time, with the chief minister of its stronghold province vowing that supporters will set out on 4 October whatever the consequences.
Pakistan seeks to verify reports of deaths on tanker freed from Somali pirates
KARACHI: Pakistan said on Tuesday it was trying to establish what happened aboard a hijacked oil tanker off Somalia. A rights group had released recordings in which people described as crew members reported that five sailors were killed and four wounded during an operation to free the ship.
Seven militants killed in Khyber Pakhtunkhwa and Balochistan raids
ISLAMABAD: Security forces have killed seven militants in two operations in the country’s western provinces on Tuesday, officials said, after a month of deadly attacks, cross-border airstrikes and mounting recriminations between Islamabad and the Taliban regime in Kabul.
Pakistan faces IMF scrutiny over revenue shortfall, budget data gaps
ISLAMABAD: Pakistan told International Monetary Fund officials that the war in the Gulf and disruption to shipping through the Strait of Hormuz cost the government about Rs144 billion in tax revenue in the July-September quarter, as Islamabad seeks to keep a $7 billion loan program on track.
Pakistan faces December LNG gap with Qatar supply halt extended to Nov. 6
ISLAMABAD: Pakistan is heading into its peak gas season with no clear way to replace the fuel Qatar can’t deliver as QatarEnergy has extended its force majeure on LNG supplies to Nov. 6, and officials fear the shortfall will spread from power stations to fertiliser plants and exporters.
Pakistan’s new procurement rules keep direct awards to state firms, miss IMF ask
ISLAMABAD: Pakistan notified new public procurement rules on Monday, two days before an International Monetary Fund deadline, but the text keeps a route for awarding contracts directly to state-owned enterprises that the lender had wanted curtailed.
Govt cuts fuel prices, but diesel stays above Rs400 a liter
The government lowered petrol and diesel prices on Monday, the latest adjustment under a daily pricing system introduced in July. Pump rates remain far above their levels before the US-Iran war, and crude is climbing again after President Donald Trump rejected a Tehran proposal to reopen the Strait of Hormuz.
Security forces killed six militants in Khyber Pakhtunkhwa and Balochistan
ISLAMABAD: Security forces have killed six militants in two separate operations in Khyber Pakhtunkhwa and Balochistan, state media reported on Monday, citing security sources.