PESHAWAR: Khyber Pakhtunkhwa’s provincial government has sounded the alarm over shortfalls in federal revenue transfers during the first half of the 2025-26 fiscal year, warning that the delays and reductions are jeopardising its ability to deliver a Rs157 billion budget surplus agreed upon with the International Monetary Fund.
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PTI reverses course, confirms rally at Bagh-e-Jinnah after late government approval
KARACHI: After a weekend marked by last-minute permissions, venue switches and mutual accusations, the Pakistan Tehreek-e-Insaf party has decided to proceed with its public rally at Bagh-e-Jinnah on Sunday, reversing an earlier announcement to hold the event outside the adjacent Mazar-e-Quaid.
Pakistan Navy successfully test-fires long-range surface-to-air missile in sea drill
ISLAMABAD: The Pakistan Navy carried out a wide-ranging exercise in the North Arabian Sea on Saturday, firing a surface-to-air missile that hit its mark and testing other new systems, according to the military’s public relations office.
Iraq signals interest in buying Pakistan’s JF-17 fighter jets
ISLAMABAD: Iraq’s air force chief has signaled a desire to buy Pakistan’s JF-17 Thunder fighter jets, according to a military statement released on Saturday, as the two countries look to expand their defence relationship.
CM Afridi says PTI opposes all militant groups, seeks talks with Sharif on terrorism
KARACHI: The chief minister of Khyber Pakhtunkhwa, Sohail Afridi, said on Friday he opposed all terrorist organisations, not just the outlawed Tehreek-e-Taliban Pakistan, known also as Fitna al-Khawarij, amid escalating accusations from the federal government that his administration was facilitating militants.
Pakistan launches global push to lure mining Capital ahead of April forum
ISLAMABAD: Pakistan has kicked off international marketing efforts for its second annual minerals investment forum, aiming to draw foreign capital into the country’s untapped mining sector amid broader reforms to boost gemstone exports.
Environment minister defends cutting of 29,000 trees in Islamabad
ISLAMABAD: Facing mounting criticism over the removal of thousands of mature trees across the capital, minister for climate change and environmental coordination on Friday defended the action as a necessary step to combat a public health threat, saying that nearly 29,000 invasive paper mulberry trees had been felled in compliance with a Supreme Court order.
At OIC gathering, Pakistan to press case for Somalia’s territorial integrity
ISLAMABAD: The deputy prime minister and foreign minister, Ishaq Dar, reached Saudi Arabia on Saturday to attend an extraordinary meeting of the Organization of Islamic Cooperation’s Council of Foreign Ministers, a gathering convened amid mounting outrage over Israel’s recent recognition of Somaliland as an independent state.
SOEs losses triple to Rs123 billion in FY25 on oil, power strains
ISLAMABAD: Pakistan’s state-owned enterprises racked up a net loss of Rs122.9 billion in the fiscal year through June 2025, more than tripling the previous year’s deficit, as plunging oil prices hammered revenues and power distributors bled cash, according to the Ministry of Finance.
Pakistan issues travel advisory as economic protests spread in Iran
ISLAMABAD: The Foreign Office on Saturday issued a travel advisory, urging Pakistani citizens to steer clear of nonessential trips to neighbouring Iran as deadly protests over economic grievances there entered their second week.