City Islamabad Financial News
28.12 / 19:57
25.12 / 20:09
25.12 / 18:43
markets
Digital
Assurant
Strategy
Kabul may bolster India ties as Pak partnership nosedives
Taliban's announcement that it will retaliate against Pakistan's cross-border airstrikes. Such a drastic move by Kabul may have a spillover effect in the region and Eurasia where India has wide-ranging stakes.
25.12 / 08:51
Progressive
security
Experts
testing
peace
International
Pakistan’s nuclear strategy shifts as US realigns ties in Asia
Subscribe to enjoy similar stories. NEW DELHI—Pakistan on Tuesday rejected Biden administration officials’ assertions that it is developing ballistic-missile technology that could eventually give it the capability to strike the U.S., but geopolitical experts say long-range weapons would be in step with Islamabad’s shifting national security concerns as India and the U.S. draw closer.
22.12 / 09:37
markets
Target
security
Strategy
Software
strain
How Pakistan used blackmail to pressure the US on India, leading to the creation of the killer Washington missile
United States and Pakistan have escalated recently following revelations that Pakistan is developing long-range nuclear missiles capable of reaching major US locations. This includes efforts to build intercontinental ballistic missiles (ICBMs), a move that has raised alarms in Washington. US Deputy National Security Advisor Jon Finer disclosed that Pakistan had falsely presented its space programme as a cover for its missile development, a strategy that was eventually uncovered by the US. In response, Washington imposed strict sanctions on companies linked to Pakistan's missile programme.
21.12 / 14:53
06.12 / 12:07
markets
Software
Remark
PAM
reports
India lodged strong protest with Pakistan on reports of objectionable remarks against Bhagat Singh: Govt
objectionable remarks made against Bhagat Singh in Pakistan and lodged a strong protest with Islamabad on the issue, the government said in Lok Sabha on Friday. Minister of State for External Affairs Kirti Vardhan Singh said New Delhi has also been raising with Islamabad issues «concerning attacks on cultural heritage, growing intolerance and lack of respect for minority communities in Pakistan.» «The government of India has noted the recent reports regarding objectionable remarks made against Shaheed Bhagat Singh in Pakistan and has lodged a strong protest with the government of Pakistan on the incident through diplomatic channels,» he said. Singh was responding to a question.
05.12 / 12:41
Aviat
Airlines
Southern
country
2020
International
Pakistan's state-run airline to resume flights to Europe in January after EU agency lifted ban
Pakistan’s state-run airline says it is preparing to resume direct flights to European countries early next month
15.11 / 10:59
markets
Digital
Strategy
Experts
travelers
cricket
ICC cancels Pakistan's Champions trophy tour in three PoK cities amid dispute with India
Amid uncertainty over India's participation and schedule, the Pakistan Cricket Board (PCB) revealed that the trophy tour for the upcoming ICC Champions Trophy 2025 will kick off from Islamabad on November 16. The PCB took to X and unveiled that the Champions Trophy tour will kick off in Islamabad and will also see destinations like Skardu, Murree, Hunza and Muzaffarabad.
09.11 / 02:43
09.11 / 02:43
31.10 / 17:03
markets
Citi
Airlines
Enterprise
blues
International
Pakistan's effort to privatise national airline gets sole bidder offering lower than govt-set minimum price
Pakistan International Airlines (PIA) was held at a hotel in Islamabad and shown live on the state-run PTV channel. The move to sell the PIA and other loss-making state-owned enterprises is part of the deal with the International Monetary Fund (IMF) that recently agreed to provide USD 7 billion to Pakistan. The government had pre-qualified six groups in June, but only a real-estate development company, Blue World City, participated in the final bidding process.
31.10 / 13:45
markets
Target
Manufacturing
economy
show
reports
USD 7 billion IMF bailout at risk as Pakistan's economy continues to weaken
Islamabad: The fundamental assumptions used to finalise the USD 7 billion deal with the IMF have gone awry within a month of its approval, leaving the authorities concerned with an option either to renegotiate the package or keep suffocating the economy through more taxes, according to a media report on Thursday. Official statistics show that out of four key underlying assumptions for achieving the nearly Rs 13 trillion tax target — the economic growth rate, inflation, large-scale manufacturing and imports — three assumptions have already been proven wrong by the end of the first quarter of the current fiscal year. The federal government has also overly committed on behalf of the four provincial governments that, too, are struggling to meet their conditions soon after the deal became effective. The Express Tribune newspaper reported that the official statistics for the first quarter (July-September) revealed that — from the Federal Board of Revenue's tax collection target to provincial cash surpluses — everything has gone off the mark.
16.10 / 16:15
Cooper
security
Trade
country
International
Moscow and Beijing announce further cooperation during international group meeting in Pakistan
Leaders and top officials from an international group founded to counter Western alliances have met in Pakistan’s capital, with Moscow and Beijing announcing they will boost cooperation
14.10 / 22:07
Target
FIVE
security
Investigations
China's premier inaugurates a Beijing-funded airport at the start of a Pakistan trip
China’s Premier Li Qiang has inaugurated a Beijing-funded airport built in restive southwestern Pakistan as he arrived for a regional security meeting in the capital, Islamabad
04.10 / 19:35
Provident
Trade
Diversity
International
Malaysian and Pakistani prime ministers agree to boost trade and economic ties
The prime ministers of Malaysia and Pakistan have agreed to increase bilateral trade and boost economic ties after talks in Islamabad
04.10 / 17:33
markets
Digital
Extreme
Action
country
reports
Controversial Islamic preacher Zakir Naik's 'X' account withheld in India amid controversial Pakistan visit
India has moved to withhold Zakir Naik's 'X' account, restricting access to the controversial Islamic preacher's social media in the country. This action followed hours after Pakistan warmly welcomed Naik, who is wanted by Indian authorities for charges related to money laundering and promoting extremism through hate speeches. Naik's presence in Pakistan has triggered fresh diplomatic responses from India, with sharp criticism directed at Islamabad for hosting him.
04.10 / 16:31
markets
Digital
Cooper
security
Experts
country
Pakistan to deploy army to maintain law and order during SCO summit
law and order during the Shanghai Cooperation Organisation summit, which the country is hosting for the first time from October 15-16. The decision to deploy the army has been taken under Article 245 of the Constitution which empowers the government to call army troops to help the civil administration in maintaining peace, according to a notification issued by the Interior Ministry. The ministry said that the federal government is «pleased to authorise the deployment of requisite strength of the Pakistan Army in aid of civil powers from October 5 to 17» in the capital. The notification confirmed that the army will oversee the security of key government buildings and the Red Zone in Islamabad.
03.10 / 04:25
Cooper
Trade
Diversity
country
International
Malaysian prime minister arrives in Pakistan on a 3-day visit to discuss bilateral ties
Officials say Malaysia’s prime minister has arrived in Pakistan’s capital on his first official visit which is aimed at strengthening ties between the two countries
27.09 / 11:27
markets
President
country
reports
Schools
Turkish President Erdogan skips mention of Kashmir at UN, focuses on Gaza
Erdogan did not mention Kashmir in his address at the United Nations General Assembly this year, the first time he has skipped the issue since the abrogation of Article 370 in 2019. The focus of his 35-minute speech on Tuesday was on the humanitarian crisis in Gaza, where over 40,000 people have died in Israeli attacks against Hamas. After India scrapped the special status Jammu and Kashmir enjoyed under the Constitution in 2019, Erdogan has referred to Kashmir every year in his address to world leaders at the UNGA session here, while advocating talks between New Delhi and Islamabad. However, Pakistan's Foreign Ministry insisted that Turkiye's stance on the Kashmir issue remains unchanged, The Dawn newspaper reported.
27.09 / 01:35
Digital
Gap
economy
country
International
Mint Quick Edit | Pakistan's IMF bailout No. 24 and loan addiction
Subscribe to enjoy similar stories. Can Pakistan break its IMF loan addiction? On Wednesday, the board of the International Monetary Fund (IMF) approved an “extended fund facility" worth $7 billion for the country. This would be its 24th bailout since 1958.
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