ISLAMABAD: Pakistan accused India on Thursday of launching a brazen series of drone attacks, including a bizarre assault on its own territory in Amritsar, escalating tensions between the nuclear-armed neighbors to a dangerous new high.
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Pakistani stocks crash, Indian rupee hits new low on war risks
KARACHI: Stocks suffered its worst day on record on Thursday, as the market tumbled 6,482.21 points on Thursday, marking its largest single-day decline in terms of points, as escalating military tensions with India triggered a wave of selling that wiped nearly 5.89 percent off the benchmark KSE-100 Index, closing it at 103,526.81.
India deploys Israeli Harop drones against Pakistan; 25 downed
ISLAMABAD: Pakistan’s military said Thursday it had shot down 25 Israeli-made Harop drones launched by India at multiple locations across the country, but one drone managed to strike a military target near Lahore, injuring four army officers, while another crash killed a civilian in southern Sindh province.
Pakistan confirms security advisers’ contact after India’s strikes and retaliation
ISLAMABAD: The national security advisers of Pakistan and India held talks following India’s missile strikes on Pakistan and Pakistan’s subsequent military response, Deputy Prime Minister Ishaq Dar said Wednesday, marking a rare official communication between the nuclear-armed neighbors amid escalating tensions over disputed Kashmir.
Top court reinstates military trials for civilians
ISLAMABAD: The Supreme Court of Pakistan on Wednesday restored the military’s authority to try civilians in military courts, overturning its own ruling from last year in a decision that has ignited fierce debate over judicial independence and civil rights.
Budget gap hits 2.4pc of GDP
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.
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.