Pakistan

Only Rs905b spent against Rs1.1tr; experts warn of impact on GDP growth

SBP deposits rise $5.12b YoY; gold stagnant ahead of US jobs data

Food minister outlines challenges such as rising input costs, severe climate-induced stress

Approves SBP's proposals with directive to conduct impact, sensitivity analysis

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Furnace oil rates feared to go up by 80%, turning many industries unviable

Exports rise nearly 30% in FY25 but domestic despatches fall for second consecutive year

Yarn merchants warn Articles 37-A, 37-B in Sales Tax Act will foster harassment, hurt business trust

Index gains 2,145 points on robust investor interest, driven by banking sector

Project to support over 6,000 flood-affected families with small business grants and skills training

Neil Druckmann, co-creator of the original The Last of Us games and HBO series, is stepping back from creative duties for Season 3. According to Deadline, Druckmann, who served as co-creator and executive producer of The Last of Us, will still hold those titles moving forward. However, he will not be writing or directing any […]

ISLAMABAD: The Pakistan Railways on Wednesday announced increasing fares for passenger, express, and mail trains, marking the second increase within 15 days, ARY News reported. According to a notification issued here, the Pakistan Railways a 2 percent fare increase will take effect from July 4 for express and passenger trains. The 2 percent fare hike […]

Pakis­tan Air Force (PAF) Chief Air Marshal Zaheer Ahmed Baber Sidhu held a series of high-level meetings with senior military and political leadership of the United States in a landmark visit to the country, it emerged on Wednesday. Last month, Field Marshal Asim Munir became the first serving chief of army staff to have a face-to-face meeting with a sitting US president when he met Donald Trump for talks at the White House. The occasion also marked the first time a serving Pakistani army chief had been formally received at this level, without holding political office or governing under martial law. The two had discussed joint counter-terrorism efforts and expanding bilateral trade during their “cordial” meeting in Washington. Today, PAF’s Directorate General of Public Relations (DGPR) said that in a “significant development” aimed at strengthening bilateral defence cooperation and advancing mutual interests, the air chief undertook an official visit to the US, adding that it was the “first by a serving PAF ...

The State Bank of Pakistan (SBP) said on Wednesday that its foreign exchange reserves rose to $14.51 billion by June 30. Last month, the central bank’s reserves increased by $167 million to $11.675bn during the week ending June 6, though it failed to reach its target of $14bn by the end of the 2024-25 fiscal year. A press release issued by the SBP today said its reserves rose by $5.12bn to reach $14.51bn, as compared to $9.39bn on June 30 last year. “This reflects a noticeable improvement in the country’s current account balance and realisation of planned inflows during the year,” the SBP said. Earlier this week, China rolled over $3.4bn in loans, two senior Pakistani government officials told Reuters, in a move that was expected to help boost the country’s foreign exchange reserves, a requirement of the International Monetary Fund. Beijing rolled over $2.1bn, which has been in the SBP’s reserves for the last three years, and refinanced another $1.3bn commercial loan, which Islamabad had paid back two months ...

Pak envoy urges resolution of lingering dispute

Senators decry inefficiency, lack of transparency

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