IMF highlights ‘Gulf exposure’ as biggest external risk for Pakistan – Pakistan

ISLAMABAD: Following the release of a $1.1 billion tranche for Pakistan, the International Monetary Fund (IMF) has identified Pakistan’s economic exposure to the Gulf Coope­ration Council (GCC) as its most acute external vulnerability. In its staff report, the lender warned that “the war weighs on the near-term outlook as Pakistan is highly exposed to energy […]

Naqvi, US official discuss strengthening Pakistan-US cooperation on security

‘foolproof security’ ensured for US companies working on the Reko Diq mining project, says Naqvi Meeting in Islamabad between Interior Minister Mohsin Naqvi and US Deputy Assistant Secretary of State for South and Central Asian Affairs Paul Kapur. SCREENGRAB Pakistan and the United States on Friday discussed expanding cooperation in security, counter-terrorism and anti-narcotics efforts […]

Govt has not contacted PPP over any constitutional amendment: Bilawal – Pakistan

ISLAMABAD, May 14: PPP Chairman Bilawal Bhutto-Zardari on Thursday said that the government had not contacted him or his father, President Asif Ali Zardari, regarding a constitutional amendment. His remarks came amid media reports about the government’s intention to have the 28th constitutional amendment passed by parliament. “President Zardari and I remain in contact with […]

Civil servants’ asset declarations to be made public in redacted form, says govt – Pakistan

ISLAMABAD: The government on Thursday said that IMF-mandated asset declarations of civil servants would be made publicly accessible in a redacted form to ensure both transparency and personal privacy. The declaration of government officials’ assets is required under IMF governance and corruption-related benchmarks. Establishment Division Secretary Nabeel Awan testified before the Senate Standing Committee on […]

Pakistan raises $250m equivalent in inaugural Panda bond issuance – Business

ISLAMABAD: Pakistan raised $250 million equivalent through its inaugural Panda bond issuance in the Chinese capital market at an interest rate of 2.5 per cent, with a three-year maturity, according to Advisor to the Finance Minister Khurram Schehzad. In a social media post on X on Thursday, Schehzad said: “Pakistan has successfully completed its inaugural […]

Pakistan successfully test fires Fatah-IV cruise missile: ISPR – Pakistan

The Army Rocket Force Command conducted the successful test fire of the indigenously developed Fatah-IV ground-launched cruise missile on Thursday, the military’s media affairs wing said. A statement issued by the Inter-Services Public Relations said that the weapon system was “equipped with advanced avionics and state-of-the-art navigational aids” and “capable of engaging long-range targets with […]

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