FY27 budget may offer limited relief

Analysts see tighter policy with focus on revenue mobilisation, structural adjustments Brokerage houses warn that if global oil prices remain near $100 per barrel due to geopolitical tensions, growth could slow to 3‑3.5%, while inflation risks may re‑emerge. photo: file KARACHI: Pakistan’s upcoming federal budget for FY27 is shaping up to be less about headline?grabbing…

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Failing to break IMF cycle

Pakistan's economic trajectory over the past several years has been closely linked to its engagement with the International Monetary Fund (IMF). Faced with recurring balance-of-payments crises, rising inflation, mounting external debt obligations and dwindling foreign exchange reserves, Pakistan once again turned to the IMF to restore macroeconomic stability and rebuild investor confidence. The current IMF-supported…

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Govt pursuing efforts for release of 10 Pakistani hostages in Somalia: Tarar

Says Pakistan’s mission in Djibouti closely monitoring developments, coordinating efforts for the hostages’ release Law Minister Azam Nazeer Tarar on Tuesday informed the National Assembly that the government was actively working through diplomatic channels to secure the release of 10 Pakistani citizens being held hostage in Somalia. The oil tanker Honour 25, sailing under the…

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Beijing sees tougher US-Iran talks ahead

BEIJING: China’s top diplomat told his Pakistani counterpart on Tuesday that the next phase of negotiations between the United States and Iran—which Pakistan has helped mediate—will be “more difficult”. In a phone conversation ahead of the planned signing on Friday of a US-Iran memorandum of understanding to end their war, Chinese Foreign Minister Wang Yi…

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Iran fires missile barrage at Israel

WASHINGTON/TEHRAN: Iran fired missiles at Israel late on Sunday night, the first since a fragile truce went into effect in April, Iranian Revolutionary Guards confirmed. The Guards said that the missile attack on Israel was a “warning” after the Israeli strike on Beirut earlier in the day, threatening wider strikes in the event of new…

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FM Dar, Iranian FM Araghchi discuss current regional developments, peace efforts

Araghchi thanks Pakistan for its constructive role, mediation efforts between the parties Foreign Minister Ishaq Dar and Iran Foreign Minister Abbas Araghchi. Photo: Files Deputy Prime Minister and Foreign Minister Ishaq Dar discussed the current regional situation and Pakistan’s ongoing diplomatic efforts for peace and stability in the region with Iranian Foreign Minister Seyed Abbas…

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Canadian canola expertise sought

Agriculture contributes 25% to Pakistan’s GDP and proposed joint initiatives in hybrid seed research Federal Minister for National Food Security and Research Rana Tanveer Hussain. Photo: File ISLAMABAD: Federal Minister for National Food Security and Research Rana Tanveer Hussain has sought Canadian expertise in canola cultivation to reduce Pakistan’s $4-5 billion annual edible oil import…

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PSL imposes two-year ban on Muzarabani

Blessing Muzarabani pulls out of Islamabad United deal to join KKR in IPL move. Photo: REUTERS/FILE KARACHI: The Pakistan Super League (PSL) has imposed a two-year ban on Zimbabwe fast bowler Blessing Muzarabani, ruling him out of the league until 2029. The decision was taken after Muzarabani, who had initially agreed to join Islamabad United,…

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