IMF flags ZTBL privatisation risks

ISLAMABAD: The International Monetary Fund (IMF) has flagged that Pakistan’s decision to privatise Zarai Taraqiati Bank Limited (ZTBL) could raise issues of access to credit for small farmers, as the bank has managed to reduce bad loans by one quarter to Rs50 billion to address governance concerns. Would the privatisation expose Pakistan’s 97% small-scale farmers…

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Hostilities flare in US-Israel war on Iran, oil jumps with talks at a stalemate

US CENTCOM says all ⁠attacks failed and that US forces remained ready to repel ‘unwarranted Iranian aggression’ Smoke billows from southern Lebanon, following Israeli strikes, as seen from Nabatieh, Lebanon, June 2, 2026. PHOTO: REUTERS Gulf hostilities flared anew on Wednesday, with the US military saying Iranian missile ​attacks on Bahrain, Kuwait and other regional targets were…

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PM pushes currency swap deals

Prime Minister Shehbaz Sharif. Photo: File ISLAMABAD: The Prime Minister’s Office has issued fresh instructions to finalise currency swap agreements with the European Union (EU), Russia and Iran, in a move that can lessen dollar dependency and integrate trade with regional economies. The agenda of currency swap agreements has been made part of the Ministry…

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Budget 2027 & fiscal illusion

ISLAMABAD: The principal reason for low revenue collection in Pakistan is weak fiscal management and a policy framework designed to appease tax evaders while burdening the already documented sectors. In 2026, while the numbers have become astronomical, the underlying disease remains unchanged. The Federal Board of Revenue (FBR) is still missing targets, relying excessively on…

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Punjab’s enrolment crisis continues to deepen

Experts believe weak administration, political interference, and insufficient budgets are worsening the situation LAHORE: Despite Punjab being considered the educational hub of Pakistan, millions of children in the province are still out of school. Government and international reports show that poverty, inflation, shortage of teachers, lack of basic facilities, and financial difficulties faced by parents…

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Track 1.5 dialogue in Istanbul seeks to ease Pak-Afghan tension 

Informal dialogue brings together former officials, experts, and journalists to explore de-escalation pathways A meeting between delegations of Afghanistan and Pakistan for informal talks in Istanbul, Turkiye, April 29. — X PESHAWAR/ PAKISTAN: Informal Afghanistan–Pakistan talks aimed at dialling down tensions between Kabul and Islamabad have begun in Istanbul, with Qatar and Turkiye playing a…

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CPEC 2.0 targets green energy, industry

LAHORE: The focus of Pakistan-China cooperation has evolved from infrastructure development to industrialisation, technological advancement, green energy, and sustainable economic growth, said Adeel Munawar, Commercial Ambassador of the Pakistan-China Joint Chamber of Commerce and Industry (PCJCCI). In a statement, he emphasised that while the first phase of CPEC successfully addressed critical infrastructure and energy challenges,…

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SC allows Imran to contest claim

ISLAMABAD: The Supreme Court on Thursday restored former prime minister Imran Khan’s right to defend himself in a long-running Rs10 billion defamation suit filed by Prime Minister Shehbaz Sharif, setting aside lower court orders that had barred him from contesting the case in a majority verdict. The apex court directed the trial court to provide…

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Exhibit honoring Muhammad Ali Jinnah opens in Istanbul

‘The Founding Memory of a Nation’ exhibition marks the 150th anniversary of Jinnah’s birth ISTANBUL: An exhibition commemorating the 150th anniversary of the birth of Pakistan’s founder, Muhammad Ali Jinnah, opened in Istanbul on Tuesday. Titled “The Founding Memory of a Nation,” the exhibit was organized by the Pakistani Embassy in Ankara in cooperation with…

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