KARACHI: Pakistan’s central bank left its benchmark interest rate unchanged for a third consecutive policy meeting, judging that the risk of a fresh Middle East oil shock outweighed pressure at home to ease monetary policy and revive economic growth.
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One killed as scuffles and rigging claims mar first phase of Kashmir polls
MUZAFFARABAD: A party worker was shot dead and several other people were wounded on Monday as the first phase of elections in Pakistan-administered Kashmir was marred by gunfire, burnt ballot boxes and mounting accusations of rigging between the territory’s two main political parties.
Pakistan warns India not to underestimate its resolve after defence minister’s Kashmir remarks
ISLAMABAD: Pakistan has issued a furious condemnation of comments made by India’s defence minister ruling out talks over Kashmir, warning New Delhi against underestimating its neighbour’s resolve to counter “Indian adventurism”.
Azad Kashmir votes in shadow of unrest, boycott and banned party’s defiance
MIRPUR: Voters across Azad Kashmir’s Mirpur division began casting ballots on Monday in the opening stage of a fractious three-phase election, with authorities deploying tens of thousands of security personnel and simultaneously moving to block a long march by a banned rights movement threatening to disrupt polling day.
Iran halts retaliatory strikes as pause in US bombing for the second night raises hopes of de-escalation
ISLAMABAD: The United States held off from further strikes on Iran for a second consecutive night on Sunday, as President Donald Trump weighed diplomatic and military options in a conflict now closing in on its fifth month.
Pakistan issues fresh glacial flood warning as Gilgit-Baltistan remains cut off for fifth day
ISLAMABAD: Pakistan’s meteorological authorities have issued a fresh warning over the threat of glacial lake outburst floods in the country’s mountainous north, as thousands of residents in Gilgit-Baltistan remain cut off from the outside world for a fifth consecutive day.
Pakistan monsoon death toll passes 100 as fresh flood alerts issued for major rivers
ISLAMABAD: The death toll from Pakistan’s monsoon rains has climbed past 100, with the country’s disaster management authority confirming ten further fatalities in the 24 hours to Sunday afternoon, as officials warned that another spell of heavy rain is expected to sweep the north of the country within days.
Pakistan accuses Kashmir protest group of India links after arrest of alleged ‘digital marketing’ suspect
ISLAAMABAD: Pakistan’s information minister has accused a protest movement in Azad Kashmir of receiving funding and direction from India, unveiling what he described as “irrefutable evidence” linking the banned group to a cross-border disinformation network days before elections are due to be held in the territory.
Pakistan rate hold near-certain as war-driven oil surge derails easing bets
KARACHI: Pakistan’s central bank is all but certain to leave its benchmark interest rate unchanged next week, as a resurgence in global oil prices tied to the widening conflict between the United States and Iran forces policymakers to shelve any near-term plans for further easing.
US halts Iran strikes after 13 nights as conflict threatens to spread to Red Sea
ISLAMABAD: Fears that the war between the United States and Iran could widen into a broader regional conflagration intensified this weekend, after Yemen’s Houthi rebels struck Saudi Arabian oil facilities on the Red Sea coast and Tehran accused Ukraine of attacking one of its vessels in the Caspian Sea.