KARACHI: The budget deficit swelled to 2.4 percent of gross domestic product in the first nine months of the fiscal year 2024-25, as hefty interest payments overshadowed a primary surplus, data from the Finance Division showed.
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PM Sharif warns India will ‘pay the price’ as death toll rises to 31
ISLAMABAD: Prime Minister Shehbaz Sharif warned India on Wednesday that it would face consequences for missile strikes that killed 31 civilians inside Pakistan overnight, escalating tensions between the nuclear-armed rivals to their highest level in decades.
Stocks plunge 6pc after Pakistan-India clash, then recover
KARACHI: Stocks cratered as much as 6 percent at the opening bell after India launched strikes on Pakistan and Azad Kashmir, only to rebound as investors bet against a wider conflict.
Pakistan authorises retaliatory military strikes on India after civilian deaths in ‘act of war’
ISLAMABAD: Prime Minister Shehbaz Sharif authorised retaliatory military strikes against India on Wednesday, hours after an unprovoked cross-border assault killed at least 31 civilians in overnight airstrikes — a dramatic escalation that marks the most severe military confrontation between the nuclear-armed neighbors in over two decades.
UPDATED-Pakistan, India midnight strikes leave 26 dead, five jets downed in worst clash in 50 years
ISLAMABAD: Pakistan and India plunged into their most severe military confrontation in over five decades early Wednesday, as Pakistan claimed it shot down five Indian fighter jets in retaliation for India’s cross-border air strikes.
India, Pakistan clash as strikes lead to eight killed, five jets downed
ISLAMABAD: Pakistan and India plunged into their most severe military confrontation in over five decades early on Wednesday, as Pakistan claimed it shot down five Indian fighter jets in retaliation for India’s cross-border air strikes.
UN chief urges restraint as India-Pakistan tensions near ‘boiling point’
ISLAMABAD: UN Secretary-General António Guterres on Monday called for ‘maximum restraint’ between nuclear-armed rivals Pakistan and India, warning that escalating tensions had pushed the region to the brink of conflict following a deadly attack in Indian-administered Kashmir last month.
Soldier martyred, eight militants killed in northwest clashes : military
ISLAMABAD: A soldier was killed and eight militants were neutralised in a series of military operations in the restive northwest, the army said on Monday, as security forces step up efforts to quell rising insurgent violence.
Water war flares in Kashmir
ISLAMABAD: India has launched an arbitrary effort to increase the reservoir capacity of two major hydroelectric projects in occupied Kashmir, a provocative step that has intensified its standoff with Pakistan following the suspension of a decades-old water-sharing agreement.
Pakistan tests 120km-range Fatah missile as India tensions simmer
ISLAMABAD: The military said on Monday it conducted a successful training launch of a short-range Fatah Series surface-to-surface missile capable of striking targets up to 120 kilometers (75 miles), a drill that follows heightened tensions with nuclear rival India over the disputed Kashmir region.