ISLAMABAD: Pakistan’s Finance Minister Muhammad Aurangzeb has hailed investment as a potential “game-changer” for economic relations with the United States, signaling a strategic pivot beyond immediate trade concerns as the two nations push to finalise a critical tariff agreement.
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Pakistan’s textile exports show modest growth in FY25, but structural issues persist
ISLAMABAD: Pakistan’s textile exports, the linchpin of the nation’s export economy, edged up by a modest 7.39% to $17.88 billion in fiscal year 2025, climbing from $16.65 billion the previous year, according to official figures released Friday by the Pakistan Bureau of Statistics.
Pakistan’s FDI surges 5 percent in FY25, boosted by Chinese investments
KARACHI: Pakistan’s foreign direct investment (FDI) rose by 5% in the fiscal year 2025, reaching $2.457 billion, largely driven by a significant influx of Chinese capital.
Trump says five jets shot down in India-Pakistan conflict
ISLAMABAD: President Donald Trump said on Friday that up to five fighter jets were shot down during the recent military escalation between India and Pakistan, a conflict that erupted after an April militant attack in occupied Kashmir.
Senate moves to replace death penalty with life term for certain crimes amid EU trade pact
ISLAMABAD: The Senate passed a bill this week that seeks to abolish the death penalty for harboring hijackers and for publicly stripping a woman of her clothes, a move aimed at aligning the country’s laws with its international obligations under the GSP+ trade agreement with the European Union.
Record monsoon rains in Pakistan’s Punjab province claims 123 lives
ISLAMABAD: A relentless deluge of monsoon rains has claimed 123 lives across Pakistan’s Punjab province since June 25, with more than half of the fatalities, 71 deaths, occurring in just the last 48 hours, the Provincial Disaster Management Authority (PDMA) reported on Friday.
PTI Peshawar defies leadership over Senate seat deal, risks party rift
PESHAWAR: A rebellion within Pakistan Tehreek-e-Insaf’s (PTI) Peshawar chapter threatens to upend the party’s strategy for the upcoming Senate elections in Khyber Pakhtunkhwa, as local leaders vow to contest independently, accusing the party’s top brass of favouring wealthy newcomers over loyal workers.
Anti‑terrorism court extends detention of Mahrang Baloch, five BYC activists by 15 days
QUETTA: An anti-terrorism court in Quetta on Friday extended the detention of Dr. Mahrang Baloch, a prominent right activist and the leader of the Baloch Yakjehti Committee (BYC), and five other activists for an additional 15 days, a case that has sparked international criticism and and drawn sharp focus on human rights issues in Pakistan’s volatile Balochistan province.
FM Aurangzeb in Washington to negotiate trade deal as August deadline looms
KARACHI: Finance Minister Muhammad Aurangzeb is in the United States to negotiate Washington’s demands as part of trade talks ahead of an August deadline, Bloomberg reported on Friday.
Five firms bid to launch Gwadar-Gulf ferry service
ISLAMABAD: Five private-sector operators have submitted proposals to launch a ferry service linking Pakistan’s southwestern Gwadar Port with key Gulf countries, the Ministry of Maritime Affairs said Friday, a step that could bolster regional trade and connectivity.