KARACHI: MSCI Inc. will add three Pakistani cement companies, DG Khan Cement Co., Maple Leaf Cement Factory Ltd., and Fauji Cement Co, to its Frontier Markets Index on May 30, lifting the country’s constituents to 26 from 23 and potentially drawing more foreign cash into its equity market.
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Trump suggests India, Pakistan ‘go out to dinner’ for peace talks post-truce
ISLAMABAD: President Donald Trump on Tuesday urged India and Pakistan to ‘go out to dinner’ to settle their disputes, as the State Department stressed the need for direct talks between the two nuclear-armed neighbours.
Pakistan reaffirms ceasefire commitment, slams Modi’s speech as ‘dangerous escalation’
SLAMABAD: Pakistan on Tuesday doubled down on its commitment to uphold the fragile ceasefire with India but warned that any aggression would be met with full resolve.
Pakistan says 11 soldiers, 40 civilians martyred in week of clashes with India
ISLAMABAD: The military said on Tuesday that 11 soldiers and at least 40 civilians were martyred during a week of intense hostilities with India, as a US-brokered ceasefire struggled to contain the deadliest military escalation between the nuclear-armed rivals in nearly a decade.
Aurangzeb says India military standoff has limited fiscal impact; IMF tranche due today
KARACHI: Pakistan will receive a $1 billion loan instalment from the International Monetary Fund on Tuesday, Finance Minister Muhammad Aurangzeb said, part of a $7 billion bailout to stabilise the crisis-hit economy.
Trump says trade leverage helped secure India-Pakistan ceasefire
ISLAMABAD: President Donald Trump said Monday that his administration used trade leverage to broker a ceasefire between India and Pakistan, halting what he claimed could have escalated into a nuclear war.
Operation Bunyan-um-Marsoos against India ends successfully, military says
ISLAMABAD: Military declared on Monday the successful conclusion of Operation Bunyan-um-Marsoos, a counter-offensive following weeks of escalated hostilities with arch-rival India that saw cross-border strikes, aerial dogfights, and unprecedented cyber warfare.
Stocks post record 9pc gain on Trump truce, IMF tranche
By Staff Reporter KARACHI: Stock surged 9 percent on Monday, its biggest-ever single-day gain, as a ceasefire with India brokered by US President Donald Trump
India, not us, sought ceasefire, military says
ISLAMABAD The military rejected claims that it sought a ceasefire during last week’s fierce clashes with India, the deadliest in decades between the two nuclear-armed rivals, asserting that it was New Delhi who requested a halt to the fighting after launching missile strikes into Pakistani territory.
Trump offers to mediate Kashmir dispute as fragile ceasefire holds after deadly clashes
ISLAMABAD: US President Donald Trump offered on Sunday to mediate the decades-old Kashmir dispute between India and Pakistan, coupling his proposal with a promise to “substantially” increase trade with both nuclear-armed nations as a tenuous ceasefire took hold after a week of missiles, drones and air strikes that killed at least 66 people.