ISLAMABAD: Pakistan is set to issue its first-ever Panda bond next month, aiming to raise the equivalent of $250 million as part of a broader $1 billion program, as the cash-strapped South Asian nation seeks to diversify its funding sources and reduce reliance on dollar-denominated debt.
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ATC frees ex-foreign minister Qureshi but jails four other PTI leaders over May 9 riots
LAHORE: An anti-terrorism court acquitted Shah Mahmood Qureshi, a former foreign minister and prominent leader of opposition Pakistan Tehreek-e-Insaf (PTI) party, on Friday in a case tied to violent riots in 2023, even as it sentenced four other senior party figures to 10 years in prison each, deepening the legal entanglements that have sidelined much of the party’s leadership.
Four soldiers martyred in North Waziristan suicide attack, Pakistan demarches Afghan diplomat
ISLAMABAD: Four soldiers were martyred on Friday when militants rammed an explosives-laden vehicle into the outer wall of a security forces camp in the restive North Waziristan district, collapsing part of the structure and injuring at least 15 civilians, including women and children, military said.
Pakistan's Rangers soldiers, in black, and Indian Border Security Forces soldiers, behind the gate, lower their flags during a daily closing ceremony at the Wagah, a joint post on the Pakistan and India border, near Lahore, Pakistan, Monday, May 5, 2025. (AP Photo/K.M. Chaudary)
UN says Indian attack on Pakistan after Pahalgam incident was unlawful
ISLAMABAD: United Nations experts have raised alarms that India’s military strikes on Pakistan in response to an attack in Kashmir this spring violated international law and human rights, including the rights to life and security, according to a report made public this week.
SBP reserves top $15.8 billion, highest since 2022 on IMF funds
KARACHI: The foreign-exchange reserves held by the central bank surged by more than $1.3 billion in a single week to the highest level in almost four years, bolstered by a fresh disbursement from the International Monetary Fund.
PTI leaders again blocked from meeting Imran Khan at Adiala Jail
RAWALPINDI: Leaders of opposition Pakistan Tehreek-e-Insaf party, including a former provincial minister, Taimur Saleem Jhagra, staged a protest outside Adiala Jail on Thursday after being denied a meeting with the imprisoned former prime minister Imran Khan.
Pakistan denies report of army chief’s planned talks with Trump on Gaza force
ISLAMABAD: The Foreign Office on Thursday flatly denied reports that the country’s top military leader, Field Marshal Asim Munir, planned to travel soon to Washington for talks with President Donald J. Trump, potentially on a proposed multinational force to stabilise Gaza.
Pakistan says India altered Chenab River without notice, raising treaty tensions
ISLAMABAD: Pakistan accused India on Thursday of manipulating the flow of the Chenab River without prior notice, a move that officials said threatened the livelihoods of millions during a crucial agricultural season and violated a longstanding water-sharing treaty between the nuclear-armed neighbours.
Justice Jahangiri is removed after Islamabad High Court finds his law degree was invalid
ISLAMABAD: The Islamabad High Court on Thursday ordered the immediate removal of one of its own judges, Tariq Mehmood Jahangiri, declaring that his law degree was invalid at the time of his appointment and confirmation.
Pakistan seeks major loan from ADB to ease power sector debt
Pakistan is seeking fresh financing from the Asian Development Bank to clear out the remaining Rs1.7 trillion in circular debt plaguing its power sector and to refinance Rs1.25 trillion in recent commercial borrowings, aiming to secure longer tenors and cut costs in a bid to ease electricity tariffs and bolster grid reliability.