FinMin confirms financial bailout, aimed at helping the country meet its external financing needs The State Bank of Pakistan (SBP) said on Thursday that the country has received $2 billion from the Ministry of Finance, Kingdom of Saudi Arabia, in a post on X. State Bank of Pakistan has received funds of US$2 billion from Ministry…
‘This is a victory for diplomacy and dialogue,’ Rizwan Saeed Sheikh says in interview with CNN Pakistan’s Ambassador to the United States Rizwan Saeed Sheikh. Photo: Screengrab Pakistan’s Ambassador to the United States Rizwan Saeed Sheikh said that Pakistan had been working diplomatically for weeks, and the successful announcement of the ceasefire between US and Iran, and…
Brent crude drops to $99 amid cautious hopes for diplomatic breakthrough between US, Iran Oil containers at the Port of Fujairah, as the US-Israel conflict with Iran limits marine traffic in the Strait of Hormuz, in Fujairah, United Arab Emirates, on May 6, 2026. PHOTO: REUTERS Oil prices fell more than 4% to two-week lows on…
On International Day in Support of Victims of Torture, AJK president condemns BJP-RSS regime On International Day in Support of Victims of Torture, AJK president condemns BJP-RSS regime. PHOTO: TWITTER/@Masood__Khan MUZAFFARABAD: Azad Jammu and Kashmir (AJK) President Sardar Masood Khan has urged the international community and United Nations to help end the most “cruel, inhumane and…
. ISLAMABAD: Saudi Arabia and Qatar will provide Pakistan $5 billion in financial assistance, enabling Islamabad to avert stress on the country’s weak foreign reserves while making external payments by June, Pakistani official sources told Anadolu on Saturday. The development comes as Islamabad is set to repay a $3.5 billion debt to the UAE by…
. CHAKDARA: In a daring daylight robbery, armed dacoits held a local trader hostage at gunpoint in Chakdara, severely beating him before snatching Rs7 million in cash. According to Lower Dir police, the incident occurred when unidentified armed men targeted Khushal Khan. The robbers not only took away the huge amount but also subjected the…
Iran war drives annual inflation to 3.8%, highlighting renewed price pressures across energy, food and essential goods Gas prices are displayed at a gas station as the prices of oil and gas surge, amid the Iran war, in Titusville, Florida, US, March 31, 2026.PHOTO:REUTERS WASHINGTON: United States inflation accelerated for a second straight month in April…
Sindh assigned Rs200b provincial target; Punjab, K-P, Balochistan to contribute rest ISLAMABAD: The centre on Monday urged all provincial governments to collect more than Rs400 billion in additional taxes in the new fiscal year, mainly from agriculture, services and real estate sectors, to meet a major condition of the International Monetary Fund (IMF). With the…
Additional Secretary Shrines Nasir Mushtaq welcomes pilgrims, says Pakistan issues 737 visas to Sikh devotees LAHORE: Sikh pilgrims from India arrived in Pakistan on Wednesday to participate in the 420th martyrdom anniversary of Guru Arjan Dev Ji and the annual Jor Mela celebrations, marking a significant development in religious ties between Sikh communities of the…
PARIS: The International Tennis Federation (ITF) said Friday that the IOC’s move to lift restrictions on Belarusian athletes does not affect Belarus’s continued ban from the Davis Cup and Billie Jean King Cup. In a statement sent to AFP, world tennis’s governing body said its stance remained unchanged despite the International Olympic Committee’s decision to…