S&P cites macro stress risk from ME war

ISLAMABAD: S&P Global Market Intelligence has identified Pakistan as the economy facing the highest macro-financial stress risk under a prolonged Middle East conflict scenario. This is part of the latest assessment of major Asia-Pacific (APAC) economies. The outlook projects Pakistan’s real GDP growth to ease to 3.2% in fiscal year 2027, with the balance of…

Read More

Israeli forces detained Saad Edhi, other volunteers after intercepting Global Sumud Flotilla: Faisal Edhi

An Israeli naval boat intercepts the Global Sumud Flotilla en route to Gaza, in an attempt to deliver aid, at sea May 18, 2026, in this screengrab taken from a handout video. Global Sumud Flotilla/Handout via REUTERS Edhi Foundation Chairman Faisal Edhi alleged on Monday that Israeli forces had detained his son, Saad Edhi, along with other volunteers…

Read More

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…

Read More

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…

Read More

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…

Read More

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…

Read More

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…

Read More

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…

Read More

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…

Read More