PSX revises auction size of 10-year variable rental rate Islamic papers, reschedules calendar KARACHI: The government has sharply increased the target size for its 10-year variable rental rate GoP hybrid sukuk to Rs200 billion from Rs50 billion, according to a Pakistan Stock Exchange (PSX) after advice from the Debt Management Office (DMO). The revision applies…
‘We call on both sides to exercise restraint, immediately cease military attacks,’ says Foreign Ministry spokeswoman Russian Foreign Ministry spokesperson Maria Zakharova also said the US’ threats of new military strikes against Iran are “categorically unacceptable.” PHOTO: ANADOLU Russia said on Wednesday that it is “extremely concerned” about heightened tensions in the Middle East, calling…
Board of inquiry has been ordered to ascertain exact technical cause of accident, military’s media wing says An army MI-17 helicopter. PHOTO: AFP A Pakistan Army Aviation Mi-17 helicopter crashed near Muzaffarabad during take-off on Wednesday due to a technical fault, resulting in the martyrdom of all personnel on board, the military’s media wing said….
Represents a 20.2% increase compared with the previous month and a 15.4% rise from the same period last year Pakistan received its highest-ever monthly inflow of workers’ remittances in May, with overseas Pakistanis sending $4.3bn during the month, according to data released by the State Bank of Pakistan (SBP) on Wednesday. The central bank said…
Beijing’s reaction comes after US military launched attacks on military targets in response to downing US helicopter Chinese Foreign Ministry spokesperson Lin Jian. PHOTO: ANADOLU AGENCY China on Wednesday reiterated its call on Washington and Tehran to stop escalating tensions after the US launched fresh attacks on Iran. “China is deeply concerned” over the latest…
Gold and silver prices witnessed a significant decline on Wednesday in both global and local markets after a one-day pause, as fresh fighting in the Middle East dimmed hopes of a resolution to the US–Israeli war with Iran, heightening concerns about inflation and potential interest rate hikes. In the international bullion market, spot gold was…
Iranian missiles are launched, as Iran’s Revolutionary Guards said they had carried out attacks against a U.S. base in Jordan and 21 other targets in the Gulf on Wednesday in retaliation for American strikes around the Strait of Hormuz, from a location given as Tehran, Iran, released June 10, 2026, in this still image taken…
Floating debt surges to Rs10.56tr on short-term borrowing to meet fiscal shortfalls KARACHI: Pakistan’s gross government domestic debt and liabilities rose to Rs58,089 billion in April 2026, reflecting a steady upward trend in public borrowing, according to data released by the State Bank of Pakistan (SBP) on Tuesday. The total compares with Rs57,566 billion in…
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…
Information minister says strikes were in response to recent terrorist attacks in K-P Pakistan carries out “precision strikes” along the Pakistan-Afghanistan border targeting militant hideouts, killing 26 terrorists in response to recent terrorist attacks in the country. SCREENGRAB Pakistan carried out “precision strikes” along the Pakistan-Afghanistan border targeting terrorist hideouts, killing 26 Fitna al-Khawarij terrorists…