KARACHI: The current account posted a slight surplus of $12 million in April 2025, a steep fall from the $1.2 billion recorded in the previous month and a 96 percent decline from the $315 million in the same month last year, the State Bank of Pakistan (SBP) data showed on Friday.
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Petrol prices steady, diesel slashed to ease industry burden
ISLAMABAD: The government has kept petrol prices steady while trimming the cost of high-speed diesel by Rs2 per litre for the fortnight ending May 31, marking the third time in two months it has refrained from fully passing on lower international oil prices to consumers.
Pakistan demands global probe into nuclear theft in India
ISLAMABAD: Pakistan on Thursday sharply condemned India’s defence minister for suggesting that the International Atomic Energy Agency (IAEA) take control of Pakistan’s nuclear weapons, branding the remarks “irresponsible” and a sign of “ignorance” about the UN agency’s mandate and also demanded an international investigation into alleged nuclear theft in India, citing concerns over the security of its rival’s nuclear program.
Pakistan, India extend ceasefire as US pushes for talks
ISLAMABAD: Pakistan and India have prolonged their U.S.-brokered ceasefire until May 18, a move that tempers hostilities between the nuclear-armed neighbours, Deputy Prime Minister and Foreign Minister Ishaq Dar said on Thursday.
IMF pushes for budget cuts as debt concerns mount
ISLAMABAD: The International Monetary Fund is pressing Pakistan to tighten its fiscal belt as the country confronts hefty debt repayments and aims to stabilise its economy, local newspapers reported on Thursday.
Pakistan to swelter from Thursday, PMD warns of severe heatwave
ISLAMABAD: Pakistan is preparing for its first heatwave of the season, with temperatures expected to climb well above seasonal normal from Thursday through the weekend, the Pakistan Meteorological Department (PMD) said.
Ready for war, open to peace: Sharif tells Modi
ISLAMABAD: Prime Minister Shehbaz Sharif on Wednesday called for a comprehensive dialogue with India to address longstanding disputes over Kashmir and water rights, as a fragile truce holds between the nuclear-armed neighbours following recent military clashes.
Pakistan receives $1.023 billion IMF tranche
KARACHI: The State Bank of Pakistan on Wednesday received a $1.023 billion infusion from the International Monetary Fund, a critical lift for its foreign exchange reserves amid economic reforms and a fraught standoff with India.
Pakistan names Mike Hesson white-ball coach, PSL to resume May 17
ISLAMABAD: The Pakistan Cricket Board (PCB) on Tuesday appointed New Zealand’s Mike Hesson as the national team’s white-ball coach, effective May 26, 2025, ahead of the Pakistan Super League (PSL) resumption later this month.
India, Pakistan expel diplomats in tit-for-tat espionage claims
ISLAMABAD: India and Pakistan expelled diplomats from each other’s high commissions on Tuesday, accusing them of espionage in an escalation that imperils a fragile US-brokered ceasefire after recent military clashes.