Due to rollover, Pakistan’s gross external financing requirements have come down to $21.5 billion for the fiscal year Pakistan’s external sector pressure subsided after Saudi Arabia rolled over a $5 billion debt for three years, coupled with $9b in foreign currency purchases from the local market in the last fiscal year, State Bank of Pakistan Governor Jameel…
. LONDON: Britain had its hottest day on record for May on Monday, the country’s national weather service said, with the temperature nearing 35 degrees Celsius (95 degrees Fahrenheit). On a day that also broke records for a public holiday, the Met Office said the temperature hit 34.8 C (94.64 F) at west London’s Kew…
KARACHI: The demand for Iranian currency has surged once again, leading to a significant increase in its value in Pakistan’s open currency market. Following an agreement between the United States and Iran to halt the Middle East war and easing uncertainty about global oil prices, the value of 10 million Iranian rials in the local…
Govt taxes phones like luxury goods while calling digitalisation national priority Despite the shift from finished phone imports to CKD kit imports, Pakistan’s foreign exchange burden has not declined meaningfully because the industry still relies heavily on imported parts. photo: file KARACHI: Pakistan is facing a governance paradox: taxing smartphones like luxury products while simultaneously…
FM Dar, Faisal bin Farhan voice concern over escalating hostilities, back dialogue and mediation despite Islamabad MoU Foreign Minister Ishaq Dar (L) and Saudi FM Prince Faisal bin Farhan Al Saud. Photos: File Pakistan and Saudi Arabia on Saturday expressed deep concern over the recent escalation between the United States and Iran despite the signing…
Tehran asks the Houthi organisation to stand ready to shut the Red Sea export route The full moon rises in the background over the infrastructure on D Island, the main processing hub, at the Kashagan offshore oil field in the Caspian sea in western Kazakhstan August 21, 2013. PHOTO: REUTERS Oil prices inched up on Friday…
Discussing next steps on Iran after MoU to end war will be one of several issues to be addressed French President Emmanuel Macron visits emergency forces, on the day of the G7 Summit in Evian-les-Bains, France, June 15, 2026. PHOTO: REUTERS The leaders of the Group of Seven wealthy nations are due to arrive at…
Investigators probe riders, women-led groups, ‘links to educational institutions, officials’ KARACHI: What began as a routine narcotics probe has now unfolded into one of Karachi’s largest alleged online drug trafficking networks, exposing a shadowy web of over 70 suspected dealers operating across the metropolis – with the so-called “Cocaine Queen” Anmol alias Pinky emerging at…
Armed attack in Kari Kot Bazaar Wana, also injures one; police say attackers fled after indiscriminate shooting Two sons of a well-known tribal elder were killed, and a passerby was injured when unidentified armed men opened fire on a motorcycle in Khyber-Pakhtunkhwa’s Lower South Waziristan on Friday. The deceased were identified as Naveed Wazir and Moinuddin Wazir, sons…
Medical experts say aortic dissection mimics heart attack with chest pain, breathlessness, fainting US Senator Tommy Tuberville has given new accounts of what happened to his fellow Republican Sen. Lindsey Graham before he died at his Washington, DC, home on Saturday, according to a CNN report. “Lindsey called, called basically, said, ‘Listen, I’m having chest…