PESHAWAR: The security forces have killed six suspected militants in two separate intelligence-led operations across Khyber Pakhtunkhwa province on Tuesday night, as authorities pressed ahead with a campaign against the banned Tehreek-i-Taliban Pakistan network.
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Pakistan posts $459 million current-account surplus in May as remittances hit record
KARACHI: Pakistan’s current account swung to a surplus of $459 million in May, driven by a record surge in remittances from overseas workers that more than compensated for a persistent goods trade deficit, the State Bank of Pakistan said on Wednesday.
Pakistan’s development spending misses targets amid Iran crisis cuts
ISLAMABAD: The government and its vast network of implementing agencies spent barely half of the country’s original development budget in the first 11 months of the current fiscal year, a performance that was worse than the prior year even as Islamabad labored to stay within targets set by the International Monetary Fund and confronted a fresh round of emergency spending reallocation triggered by the US-Israeli attack on Iran, Dawn newspaper reported on Wednesday.
Pakistan brokered US-Iran peace deal ‘without a shot being fired’, security officials say
ISLAMABAD: Pakistan’s military and civilian leadership played a decisive role in brokering the memorandum of understanding signed between Washington and Tehran this week, senior security officials have said, insisting the country acted not out of narrow self-interest but from a genuine commitment to regional stability — and doing so, they stressed, entirely out of the spotlight.
Shutter down strike chokes Azad Kashmir capital as PM accuses protest leaders of forcing crisis
MUZAFFARABAD: The prime minister of Azad Jammu and Kashmir placed the blame for more than two dozen deaths squarely on a banned civil rights alliance on Tuesday, as the territory entered the eighth day of a crippling shutdown strike that has left residents of its capital struggling to find food, medicine and fuel.
Bhutto-Zardari threatens to boycott budget debate as PPP accuses government of reneging on promises
ISLAMABAD: Pakistan Peoples Party chairman Bilawal Bhutto-Zardari has refused to deliver his speech in the National Assembly’s ongoing budget debate, declaring that he will remain silent on the floor of the house until the government honours commitments made to his party — in what amounts to the sharpest public signal yet that the coalition propping up Shehbaz Sharif’s government is under serious strain.
Textile exports inch higher as garment gains offset cotton cloth slump
ISLAMABAD: Pakistan’s textile exports edged up nearly 2% in the first eleven months of the current fiscal year, a measured advance that obscures sharply divergent performance across the sector’s main product lines, official data released Tuesday showed.
Opposition tears into budget as Senate debate descends into political warfare
ISLAMABAD: Pakistan’s upper house descended into a sustained exchange of political recrimination on Tuesday as senators from across the opposition tore into the government’s budget for 2026-27, with PTI’s parliamentary leader in the Senate accusing the ruling coalition of presiding over five consecutive years of broken promises, institutional failure and economic mismanagement.
Two Pakistani rights lawyers serving 17-year sentences awarded world’s most prestigious Trarieux prize
ISLAMABAD: Two of Pakistan’s most prominent human rights lawyers, currently languishing in prison after being sentenced to a combined 17 years under the country’s sweeping cybercrime laws, have been awarded the world’s oldest and most prestigious legal human rights honour — the Ludovic Trarieux International Human Rights Prize.
Fitch backs Pakistan’s IMF commitment, warns revenue targets are a record long shot
KARACHI: Pakistan’s Rs18.77 trillion federal budget for the fiscal year beginning in July won a qualified endorsement from Fitch Ratings on Tuesday, with the agency crediting Islamabad’s sustained commitment to fiscal discipline under its $7 billion International Monetary Fund program while warning that the country’s most ambitious revenue targets yet remain vulnerable to the same structural weaknesses that have long plagued its tax administration.