Pakistan Financial News

Indus Water Treaty between the two nations. India and Pakistan signed the treaty in 1960 after nine years of negotiations.  At a weekly media briefing, Foreign Office (FO) spokesperson Mumtaz Zahra Baloch was asked about options for Pakistan if India refused to accept the Court of Arbitration and its verdict on the Kishanganga and Ratle reservoirs issue, according to PTI reports.  “The Indus Waters Treaty was a gold standard of bilateral treaties on water and served both Pakistan and India well," she responded.  It is pertinent to note that the treaty sets out a mechanism for cooperation and information exchange between the two countries regarding the use of waters of a number of rivers.  In 2015, Pakistan requested the appointment of a neutral expert to examine its technical objections to India’s Kishenganga and Ratle Hydro Electric Projects (HEPs).

Dmitry Kuleba «will make an emergency visit to Pakistan» in a few days ostensibly to discuss procurement of additional defence equipment as Kyiv runs short of ammunition in its war against Russia. Kuleba's trip will be the first big visit from Ukraine to Pakistan since the War and the issue of defence procurement is expected to figure high on the agenda, ET has learnt.

Experts are warning that rice production across South and Southeast Asia is likely to suffer with the world heading into an El Nino

The International Monetary Fund has approved a much-awaited $3 billion bailout for Pakistan that likely will save the nation from defaulting on its debt repayments

Pakistan's finance minister says the International Monetary Fund has deposited the much-awaited first installment of $1.2 billion with the country's central bank under a new bailout

The India Meteorological Department has issued a red alert for Meghalaya, Sikkim, and sub-Himalayan West Bengal, as heavy rainfall may cause localized flooding, landslides, and flash floods in these regions. The weather bureau has also issued an orange alert for Uttarakhand, Assam and Uttar Pradesh. IMD expects more than 204.4 mm rainfall in Meghalaya, Sikkim and sub-Himalayan West Bengal and 115.6 to 204.4 mm in Assam and Uttar Pradesh on Thursday and Friday.

Larkana, Pakistan, has achieved a world record as nine of its members share the same birthdate. The family, consisting of Ameer Ali (the father), Khudeja (the mother), and their seven children aged between 19 and 30, were all born on August 1.

People aboard the ill-fated Titan submersible may have known about their fate a good minute before their vessel imploded in the depths of the North Atlantic Ocean last month. US and Canadian authorities continue to investigate the cause of the horrifying incident that killed five people in mid-June.  According to Spanish engineer and underwater expert José Luis Martín, the submersible occupants are likely to have known about their impending fate for 48 and 71 seconds before the vessel's collapse. “The Titan changes position and falls like an arrow vertically because the 400 kilos of passengers that were at the porthole unbalance the submersible.

A finance ministry official has been apprehended f... moreA finance ministry official has been apprehended for espionage.

Reuters. Though the resolution was opposed by the United States and the European Union who opined that it would conflict with their view on human rights and freedom of expression.

SUV being the most-purchased model. Meanwhile, as many as 3,27,487 units of passenger vehicles were sold in India in June, industry body SIAM said on Wednesday.

According to Global Firepower, a prominent data website specializing in defence-related information, the United States possesses the most powerful military force worldwide. Russia and China follow closely in second and third place, respectively, while India secures the fourth position.

India Today, the arrest took place in the Crossings Republik area after receiving information from the Intelligence Bureau. The First Information Report (FIR) states that Naveen Pal shared classified information about the finance ministry and the G20 meeting with an individual in Karachi, Pakistan. Investigation into the case revealed that Naveen Pal communicated the information through the messaging app WhatsApp.

Eden Gardens Stadium in Kolkata. Following the release of the ODI World Cup schedule by the Board of Control for Cricket in India (BCCI) and the International Cricket Council (ICC) last month, it was confirmed that the tournament would commence on October 5, with the opening match featuring an exciting rematch between England and New Zealand at Ahmedabad's Narendra Modi Stadium. Eden Gardens, renowned for its iconic status, has been assigned as the host venue for a total of five matches, including one semifinal encounter.

Saudi Arabia has deposited $2 billion into Pakistan’s central bank, a much-needed financial boost ahead of a critical meeting of the International Monetary Fund on the new bailout package for the cash-strapped South Asian country

Nepal, where six people were killed in a helicopter crash on Tuesday, has a history of deadly air crashes. Below are details of plane and helicopter crashes this century in the Himalayan country, where several airlines fly to small airports in remote hills and mountains shrouded in clouds and cut off from roads.

This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.

Hurriyat and banned Jammu Kashmir Liberation Front in Kashmir. The police made the arrests in a case registered at Kothibagh police station in Srinagar under sections 10, 13 of Unlawful Activities Prevention Act and section 121A of IPC. The police claim that the arrested persons and others were allegedly planning to revive these organisations on the directions of Pakistan based handlers.

Schools in New Delhi have closed after heavy monsoon rains battered the Indian capital, caused landslides and flash floods in the country’s north and killed at least 15 people over the last three days

CCHF) virus, which poses a significant public health risk, is spreading across Europe, Africa, and the Middle East, with concerns of its potential impact being exacerbated by climate change. CCHF is primarily transmitted by ticks and carries a fatality rate ranging from 10 to 40 percent. Instances of CCHF have already been reported in Spain and Pakistan, raising concerns about the possibility of its emergence in the United Kingdom. According to James Wood, head of veterinary medicine at Cambridge University, CCHF could eventually make its way to the UK due to the presence of ticks. He noted that the disease is expanding beyond its typical regions and progressing toward countries like Britain and France, largely due to the effects of climate change. Given the urgency of the situation, the government has issued a crucial health advisory regarding CCHF, urging individuals to take preventive measures against ticks. These precautions involve wearing appropriate clothing, such as long sleeves and trousers, when in areas inhabited by ticks, as well as conducting thorough tick checks after outdoor activities.

Reuters.  Pakistan faces some $23 billion of external debt obligations coming due in the fiscal year starting July — more than five times the nation’s foreign-exchange reserves. Fitch in a statement said that the upgrade reflected the country's improved external liquidity and funding conditions following a staff level agreement with the International Monetary Fund (IMF).  The credit rating agency however, warned that the fiscal deficit still remained wide.