KARACHI: Heightened tensions between India and Pakistan threaten to unravel Pakistan’s hard-won economic progress, Moody’s Investors Service warned on Monday as worsening geopolitical friction risks choking off vital external financing and stalling fiscal reforms.
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SBP’s surprise 100bps rate cut counters global, India tensions
KARACHI: Pakistan’s central bank cut its key policy rate by 100 basis points to 11 percent on Monday, resuming an easing cycle that has reduced the rate from a record 22% after a March pause, as inflation plummeted to near-zero levels amid collapsing food and energy prices.
Pakistan seeks emergency UNSC session on murky Pahalgam incident
ISLAMABAD: Pakistan is pressing for an emergency United Nations Security Council session to address escalating tensions with India, fueled by a murky incident in occupied Kashmir and New Delhi’s abrupt suspension of a critical water-sharing treaty.
Iran FM Araghchi arrives in Pakistan days after offering to mediate Kashmir standoff
SLAMABAD: Iranian Foreign Minister Abbas Araghchi arrived in Islamabad on Monday for talks aimed at bolstering bilateral ties and addressing regional developments, the foreign office said, as tensions between Islamabad and New Delhi escalate following a deadly attack in occupied Kashmir.
FBR gets instant tax recovery power post court ruling
ISLAMABAD: The government has granted tax authorities sweeping powers to seize bank accounts, properties, and seal businesses without prior notice, immediately following rulings from the country’s superior courts to recover unpaid taxes.
IMF sticks to Pakistan review on May 9, defying India’s push
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.
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.