KARACHI: The International Monetary Fund (IMF) will proceed with its Executive Board meeting on May 9 to review Pakistan’s $7 billion bailout program, dousing speculation of a delay sparked by a media report that India is pressing global lenders to rethink funds to Islamabad after a deadly attack in occupied Kashmir.
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Pakistan test-fires 450km range surface-to-surface missile
ISLAMABAD: Pakistan’s military said on Saturday it had successfully conducted a training launch of its Abdali surface-to-surface missile system, which has a range of 450 kilometers (280 miles).
Kashmiris hounded by India’s violent backlash
After an attack in occupied Kashmir killed 26 people last week, Kashmiri Muslims across India are confronting a surge of harassment and violence — a painful illustration of the deep-seated mistrust and divisions that continue to plague the region.
Pakistan says IMF $7bn deal secure as India targets funds after Kashmir clash
ISLAMABAD: Pakistan’s $7 billion International Monetary Fund program remains firmly on course, a top official said on Friday, brushing aside India’s calls for the lender to reassess the country’s financial support.
Pakistan military warns India of decisive response to any imposed war
RAWALPINDI: Pakistan’s military top leadership on Friday said India was exploiting a deadly April attack in occupied Kashmir to deflect domestic issues and jeopardise a vital water-sharing treaty, as it reaffirmed its readiness to defend national sovereignty.
Pakistan’s tax-to-GDP ratio set to reach 10.6pc by fiscal year-end
ISLAMABAD: Pakistan’s tax-to-GDP ratio is projected to reach 10.6% by the end of the current fiscal year, Finance Minister Muhammad Aurangzeb said on Friday, signaling incremental progress toward a 13% target under the country’s International Monetary Fund (IMF) program to stabilise its debt-strained economy.
Trade deficit balloons 55pc in April as exports fall, imports jump
ISLAMABAD: Pakistan’s trade deficit surged 55.2% month-on-month to $3.39 billion in April 2025, driven by a sharp contraction in exports and a double-digit rise in imports, official data showed on Friday.
Inflation hits historic low of 0.3pc in April, deflation fears grow
KARACHI: Pakistan’s consumer inflation rate slowed sharply to 0.3 percent year-on-year in April 2025, the lowest level in approximately six decades, marking a dramatic turnaround from the double-digit crises that gripped the economy a year earlier, data from the Pakistan Bureau of Statistics (PBS) showed on Friday.
US urges calm as Pakistan-India tensions flare over Kashmir attack
ISLAMABAD: US Vice President JD Vance called on India to avoid escalating tensions with Pakistan on Thursday after a deadly attack in occupied Kashmir, as the nuclear-armed rivals exchanged accusations and bolstered military stances.
Multinationals press for 17 percent GST to reverse sales slump
ISLAMABAD: Multinational companies in Pakistan are pushing the government to slash taxes and overhaul fiscal policies they blame for eroding profits, with sales declines of up to 30 percent across industries.