S&P Global upgrades Pakistan’s credit rating to ‘B’
Agency cites stronger institutional capacity, sustained implementation of IMF reforms for move Standard & Poor’s…
S&P Global upgrades Pakistan’s credit rating to ‘B’
Agency cites stronger institutional capacity, sustained implementation of IMF reforms for move Standard & Poor’s (S&P) Global on Tuesday upgraded Pakistan’s long-term sovereign credit rating to ‘B’ from ‘B-‘. Pakistan was last assigned a ‘B’ rating between October 31, 2016 and February 3, 2019. S&P Global also raised Pakistan’s transfer and convertibility assessment to ‘B’…
S&P Global upgrades Pakistan’s credit rating to ‘B’
Agency cites stronger institutional capacity, sustained implementation of IMF reforms for move Standard & Poor’s (S&P) Global on Tuesday upgraded Pakistan’s long-term sovereign credit rating to ‘B’ from ‘B-‘. Pakistan was last assigned a ‘B’ rating between October 31, 2016 and February 3, 2019. S&P Global also raised Pakistan’s transfer and convertibility assessment to ‘B’…
Lebanese president sets 3 conditions for Hezbollah disarmament, including Israeli withdrawal
Joseph Aoun says Israeli withdrawal, army control, state-led reconstruction needed for process Lebanese President Joseph Aoun addressing a press conference at the presidential palace in Baabda, Lebanon on January 17, 2025. Photo: REUTERS/File Lebanese President Joseph Aoun has set three conditions for the possible disarmament of Hezbollah, beginning with an end to the Israeli occupation…
Probe uncovers links between illegal seminaries and terrorist facilitation
Authorities on Wednesday said an investigation into a suspected terrorist facilitation network had uncovered alleged links between illegal seminaries, extortion and the misuse of religious rulings to support militant activities. According to the authorities, local facilitators used unregistered seminaries to obtain religious decrees under the guise of religion to justify acts of terrorism. The arrested…
Trial date proposed as June 2027 for Nicolas Maduro in US court
Prosecutors, defence lawyers submit pretrial timeline ahead of Wednesday’s hearing on schedule An image posted on US President Donald Trump’s Truth Social account shows Venezuela’s President Nicolas Maduro onboard the USS Iwo Jima after American military captured him. Photo: Reuters Federal prosecutors and lawyers for former Venezuelan President Nicolas Maduro and his wife Cilia Flores…
Security forces kill 10 terrorists, arrest two female suicide bombers in Balochistan: ISPR
ISPR says multiple intelligence-based sanitisation and targeted operations conducted in Surab and Mastung in 48 hours Security forces killed 10 terrorists and apprehended two female suicide bombers and a facilitator during multiple intelligence-based operations in Balochistan over the past 48 hours, the military’s media wing said on Wednesday. The intelligence-based operations are part of the…
Bureaucrats to get Rs1.8b allowance
ISLAMABAD: The federal cabinet has approved another special allowance for top bureaucracy – the second in four years – and sanctioned Rs1.8 billion budget in the middle of a further extension in austerity measures and a 7% raise for all government employees. The decision was taken during the special cabinet meeting that approved the budget…
PSX remains vulnerable to external shocks
KSE-100 index falls over 1,000 points as broad-based selling grips market with trading underway KARACHI: The Pakistan Stock Exchange (PSX) exhibited vulnerability to external shocks on Wednesday, with the benchmark KSE-100 Index coming under renewed selling pressure as investors adopted a cautious stance and reduced exposure to equities. The index struggled to sustain its early…
FO condemns Houthi threats against Saudi Arabia, Red Sea shipping
Says threats challenge rules-based maritime order and jeopardise uninterrupted flow of global commerce Pakistan on Wednesday “unequivocally” condemned the continued threats issued by the Houthi militia against the Kingdom of Saudi Arabia and commercial shipping in the Red Sea, warning that such actions jeopardise global commerce and regional security, in a statement released by the…
PSX slightly up after early rally loses steam
KARACHI: Pakistan Stock Exchange (PSX) ended the trading session on Tuesday with a thin increase as profit-taking and uncertainty about geopolitical developments wiped off most of the early gains, which were sparked by a strong rally over hopes of a ceasefire between the US and Iran. The benchmark KSE-100 index surged 2,442 points to touch…
