PSDP spending surpasses revised allocation by Rs92b
Key ministries exceed budget authorisations, putting IMF-mandated primary surplus target at risk An employee counts…
PSDP spending surpasses revised allocation by Rs92b
Key ministries exceed budget authorisations, putting IMF-mandated primary surplus target at risk An employee counts Pakistani rupee notes at a bank in Peshawar, Pakistan August 22, 2023.Photo: Reuters ISLAMABAD: The federal development spending shot up to Rs912 billion, exceeding the downward revised allocation by Rs92 billion, after key ministries incurred more expenses than their authorisations…
K-P CM orders review of ‘privileges’ bill
PESHAWAR: Khyber-Pakhtunkhwa (K-P) Chief Minister Sohail Afridi has ordered a review of controversial amendments to the K-P Assembly Members’ Powers, Privileges and Benefits Act, 2026, following widespread public and media criticism and directed that all contentious provisions be reconsidered in consultation with parliamentary leaders. Addressing a meeting of the provincial cabinet on Wednesday, CM Afridi…
SBP targets Rs1.5tr SME credit
Atif Bajwa called on banks to reflect honestly on shortcomings and invest more aggressively in technology and human capital. “Technology is fundamentally changing the way banking is done… Yet, as an industry, we are still not investing enough in technology.”. photo:file KARACHI: The State Bank of Pakistan (SBP) has set an ambitious target to raise…
Floods, reservoir breach kill 39 in southern China
Casualties reported across Guangxi Zhuang autonomous region, which borders Vietnam At least 39 people have been killed and nine others remain missing due to floods, which also triggered a reservoir breach, in southern China, local authorities said Thursday. The casualties were reported across the Guangxi Zhuang autonomous region, which borders Vietnam, state-run media reported. The…
Pakistan, Croatia to expedite opening of visa facility in Islamabad
PM voices desires to expand cooperation in trade, investment, information technology, connectivity, agriculture Deputy Prime Minister and Foreign Minister Ishaq Dar and Croatian Minister of Foreign and European Affairs Gordan Grlić Radman speaking at a joint press briefing in Islamabad. SCREENGRAB Pakistan and Croatia are working to expedite the opening of a Croatian visa processing…
PSX sheds over 900 points in mid-session trading
Index touches an intra-day high of 182,276.81, low of 179,411.35, indicating volatility in session KARACHI: The Pakistan Stock Exchange (PSX) witnessed a bearish trend during midday trading on Thursday, with the benchmark KSE-100 Index declining by over 900 points amid profit-taking and cautious investor sentiment. The KSE-100 Index stood at 180,701.35 points, reflecting a loss…
India, Australia sign uranium pact
Deal comes as Australian Premier Albanese hosts Indian counterpart Modi for summit in Melbourne India, Australia sign uranium pact. Photo: Anadolu Agency India and Australia on Thursday signed a pact to facilitate uranium exports as the two countries pledged to deepen defense and security cooperation. This came as Indian Prime Minister Narendra Modi arrived in…
UN chief praises Pakistan’s peace efforts during meeting with Naqvi
He also meets Russian Minister of Internal Affairs Kolokoltsev, agrees to strengthen Pakistan-Russian relations United Nations Secretary-General António Guterres on Thursday praised Pakistan’s efforts to promote peace during a meeting with Interior Minister Mohsin Naqvi at the United Nations headquarters in New York. Naqvi is representing Pakistan at the two-day United Nations Chiefs of Police…
Gold plunges in wake of Trump comments
KARACHI: Gold prices in Pakistan declined on Wednesday, mirroring losses in the international market where the precious metal came under pressure after oil prices surged and inflation concerns intensified following comments from US President Donald Trump on the US-Iran conflict. In the local market, the price of gold per tola dropped Rs4,700 to settle at…
Oil rises after US launches fresh strikes on Iran
A pumpjack, used to help lift oil from a well, in the Permian basin near Midland, Texas, U.S., October 8, 2025 PHOTO: REUTERS Oil prices rose more than 1% on Thursday after the US carried out fresh strikes on Iran, denting hopes for talks to end their war and for the full reopening of the Strait of Hormuz,…
