Govt explores AIIB financing

. ISLAMABAD: Federal Minister for Finance Muhammad Aurangzeb on Monday held a meeting with a delegation of the Asian Infrastructure Investment Bank (AIIB), led by its President Zou Jiayi, at the Finance Division. The minister appreciated AIIB’s continued partnership with Pakistan in supporting infrastructure development, economic reforms and long-term development financing. He thanked AIIB for…

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Import push C/A back into deficit

Analysts said Pakistan’s external sector remained stable for now due to strong remittances and IMF‑backed financing support, but cautioned that a sustained increase in imports without corresponding export growth could revive balance‑of‑payments risks. photo:file KARACHI: Pakistan’s external account slipped back into deficit in April 2026 as a sharp rise in imports outpaced export growth, highlighting…

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IHC issues CDA notice in One Constitution Avenue case

Appellants’ counsel requests court to provide them with protection against CDA action ISLAMABAD: A division bench of the Islamabad High Court (IHC), comprising Justice Azam Khan and Justice Raja Inam Amin Minhas, issued a notice to the Capital Development Authority (CDA) on Monday regarding the intra-court appeal submitted by the sub-lessee holders of 20 more…

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Pinky’s remand extended by four days

KARACHI: A Judicial Magistrate South on Monday extended the physical remand of alleged drug queenpin Anmol alias Pinky by four days in a murder case registered at Baghdadi Police Station. During the proceedings at the Judicial Complex inside the jail premises, the investigation officer sought permission to record the complainant’s statement under Section 164 of…

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K-P Assembly passes resolution on Pakistanis’ plight in Gulf

Demands local hiring in South Waziristan, inquiry report on Kohat gold auction awaited The Khyber-Pakhtunkhwa Assembly discussed issues facing Pakistanis in UAE and Gulf region. PHOTO: FILE PESHAWAR: The Khyber-Pakhtunkhwa Assembly on Monday unanimously adopted a resolution expressing concern over the problems faced by Pakistani expatriates in Gulf countries, particularly issues related to residency permits…

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Elon Musk loses lawsuit against OpenAI

The trial was seen as a key moment for OpenAI’s future and broader AI use and benefits A combination image shows OpenAI CEO Sam Altman and Elon Musk during the trial. REUTERS A United States jury on Monday ruled against Elon Musk in his lawsuit against OpenAI, ​finding the artificial intelligence company not liable to…

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K-P CM Afridi and Governor Kundi unite on provincial rights, vow joint fight

CM, Governor accuse Punjab, federal govt of violating Constitution; warn of public unrest  K-P Chief Minister Sohail Afridi and Governor Faisal Kundi. Photo: NNI PESHAWAR: Khyber-Pakhtunkhwa Chief Minister Sohail Afridi and Governor Faisal Karim Kundi on Monday set aside political differences to jointly demand the province’s constitutional rights, particularly regarding wheat supply and CNG supply. Addressing…

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Israel, Hezbollah war persists despite truce extension; Lebanon’s death toll passes 3,000

Israeli forces occupy a southern security zone, razing villages to deter Hezbollah attacks Smoke rises following an Israeli strike in Zebdin, Lebanon May 18, 2026.PHOTO: REUTERS Israel carried out airstrikes in southern ​Lebanon on Monday, Lebanese security sources and the state news agency said, while Hezbollah announced new attacks on Israeli forces, continuing ‌the war…

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Bara girls face higher education crisis

Absence of BS programmes and transport leaves female students struggling to continue studies BARA: More than 600,000 residents of Bara tehsil in Khyber tribal district have access to only one government girls’ degree college, yet the institution is plagued by a severe lack of basic facilities, higher education programmes, transport and security, forcing many female…

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