Pakistan Financial News

India has slammed Pakistan in the UN General Assembly, saying its «fingerprints» are on terrorist incidents across the world and the country should realise that cross-border terrorism against India will «inevitably invite consequences». India exercised its Right of Reply in the UN General Assembly on Friday in response to Pakistan Prime Minister Shehbaz Sharif raising the issue of Jammu and Kashmir in his address at the General Debate of the 79th session of the UN General Assembly. «This Assembly regrettably witnessed a travesty this morning. A country run by the military, with a global reputation for terrorism, narcotics trade and transnational crime has had the audacity to attack the world's largest democracy,» First Secretary in India's Permanent Mission to the UN Bhavika Mangalanandan said, delivering India's Right of Reply.

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.

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.

Pakistan's military said on Thursday that the country has signed a contract to sell JF-17 Block III fighter jets to Azerbaijan. The aircraft is co-produced by the Pakistan Aeronautical Complex and developed jointly with China, with whom Islamabad has grown increasingly close as ties with traditional military ally the United States have weakened over the last few years. The military did not provide the cost or quantity of jets agreed to, but said in a statement that the sale was part of Islamabad's efforts to enhance defence cooperation with friendly countries and bolster the air power capabilities of Azerbaijan.

blasphemy was killed in a fake police shootout last week in Pakistan after violent protests by Islamists, a government minister said on Thursday, ordering criminal proceedings against the officers involved. It was the second such killing in police custody in a week. Shah Nawaz, a doctor working in the town of Umerkot in southern Pakistan, went into hiding after local clerics accused him of blasphemy over a Facebook post, which he said in a video statement was posted on one of his old accounts that had been hacked long ago, according to his family.

Terrorism has been buried and won't be allowed to stage a comeback, Union Home Minister Amit Shah said on Wednesday while addressing a rally here. Promising a terror-free region under the BJP regime, Shah alleged that the National Conference-Congress alliance would impose Pakistan's agenda if it comes to power. Shah, who is spearheading the BJP's election campaign, said assembly elections are taking place in the union territory of Jammu and Kashmir without Article 370. The Narendra Modi-led government, Shah said in his address, had fulfilled the dream of party's patriarch Syama Prasad Mukherjee in August 2019 when it abrogated Article 370. Shah said whoever spreads terror in Jammu and Kashmir will get his answer at the the gallows.

Sunni Muslims over a lingering land dispute in northwest Pakistan, officials said Wednesday. The clashes — which started over the weekend in Kurram, a district in northwestern Khyber Pakhtunkhwa province bordering Afghanistan — continued on Wednesday. Officials said dozens of people from both sides have been wounded since Saturday. Kurram has been a scene of sectarian violence in recent years.

Pakistani officials say the executive board of the International Fund has approved a new $7 billion loan for the country

The Asian Development Bank says it expects developing economies in the region to grow at a 5% annual pace this year, up slightly from its earlier estimate of 4.9% growth

International Monetary Fund has approved a new $7 billion loan for cash-strapped Pakistan, authorities said Wednesday, more than two months after the two sides said they had reached an agreement. The loan — which Islamabad will receive in installments over 37 months — is aimed at boosting Pakistan's ailing economy, officials added. Prime Minister Shehbaz Sharif in a statement hailed the deal that his team had been negotiating with the IMF since June. He thanked Kristalina Georgieva, the head of the IMF and her team, for the approval.

England captain Ben Stokes is «on track» to feature in the Test series in Pakistan after undergoing scans on his hamstring injury on Wednesday. Stokes was sidelined for England's recent Test series against Sri Lanka due to the hamstring tear he suffered playing for Northern Superchargers in The Hundred on August 11. Ollie Pope stood in as Test captain as England won the Sri Lanka series 2-1.

Supreme Court on Wednesday cautioned courts against making comments that may be construed as «misogynistic» or directed towards a particular «gender or community» and said no part of Indian territory can be called Pakistan. The apex court's strong observations came as it closed the suo motu proceedings over Karnataka High Court judge Justice V Srishananda's alleged objectionable comments during court proceedings. The Supreme Court also noted that he had apologised for his observations during open court proceedings on September 21. A five-judge bench headed by Chief Justice D Y Chandrachud observed that since Justice Srishananda was not a party to proceedings before it, «we desist from making any further observations save and except to express our serious concern about both the reference to gender and to a segment of the community». The top court on September 20 took suo motu cognisance of the judge's comments against a woman lawyer during court proceedings in a case and his reference to a Muslim-majority area in Bengaluru as «Pakistan» in another.

Subscribe to enjoy similar stories. ISLAMABAD, Pakistan—In August, Pakistani officials approached the party of jailed former Prime Minister Imran Khan with an urgent request: Postpone a rally planned for the following day in the capital, Islamabad, for fear of clashes with another protest. Azam Swati, a former senator in Khan’s party, drove through the night to the jail housing Khan.

With heavy weapons including mortar shells, the violence hit Kurram district near the border with Afghanistan where the same tribes fought in July. «The conflict, initially over land, involves two tribes — one Sunni and the other Shia — which has turned the dispute into a sectarian clash,» a senior administrative official stationed in Kurram told AFP on condition of anonymity.

Subscribe to enjoy similar stories. American Airlines Capt. Dan Carey knew his cockpit equipment was lying to him when an alert began blaring “pull up!" as his Boeing 777 passed over Pakistan in March—at an altitude of 32,000 feet, far above any terrain.

A “growing number” of international students are claiming asylum in order to stay in Canada after being allowed in on student visas, Immigration Minister Marc Miller says, calling it an “alarming trend.”

improvised explosive device, targeting a convoy of foreign diplomats, killed a policeman and injured three others in Pakistan's restive northwestern Khyber Pakhtunkhwa province on Sunday. The blast triggered through a remote hit the convoy that was travelling to the scenic mountainous Malam Jabba in Swat district from Islamabad. A senior police officer said that all the diplomats were safe. The convoy included diplomats from Russia, Vietnam, Bosnia and Herzegovina, Ethiopia, Rwanda, Zimbabwe, Indonesia, Uzbekistan, Turkmenistan, Kazakhstan and Portugal.

Rajnath Singh on Sunday said that Pakistan has asked the International Monetary Fund (IMF) for a seven-billion-dollar bailout package, and Prime Minister Narendra Modi has given more than this for the PF package for J&K. «Pakistan is requesting the IMF for a USD 7 billion bailout package. They could have asked India. PM Modi has given more than this in the PF package for J&K. They are in this condition because they domesticated snakes,» said Rajnath Singh while addressing a public rally in Jammu. «We have done whatever we promised in the BJP election manifesto. We spoke about the abrogation of Article 370, and we did it as soon as we got the majority in centre. I feel pained by what Omar Abudullah said and did. He said that he won't fight in elections till the J&K restores statehood, but now he is fighting from two constituencies. Parties like the PDP, NC, and Congress claim that they will give statehood to J&K. How will they? They do not have government in the centre. Without that, it is not possible. Politics should not be done to win in elections. It must be done to build a country,» Rajnath Singh said slamming J&K opposition parties.

elections in Jammu and Kashmir are pivotal not just for the security and stability of the region, but for the stability of India as a whole. The BJP president also emphasized that Prime Minister Narendra Modi-led government has transformed India's political landscape by rooting out corruption and delivering pro-people governance. «This is not just an election for the BJP or any other party. It is an election for the stability of Jammu and Kashmir and to make India strong. It is not the election to make an MLA. It is not an election to give blessing to J&K. It is to bring Jammu and Kashmir mainstream of development. It will give Jammu and Kashmir stability,» Nadda told a road-show rally in Jammu city this evening.

This accomplishment places India among a select group of elite teams worldwide that have ever reached this milestone. In the 147-year history of Test cricket, only seven teams have recorded more wins than losses at some point, and currently, only five maintain this record. As it stands, India's Test statistics are: Matches: 580 | Wins: 179 | Losses: 178 | Draws: 222 | Ties: 1. Alongside India, the other teams with more wins than losses include Australia, England, South Africa, and Pakistan. Australia leads with 414 wins and 232 losses, followed by England with 397 wins against 325 losses. South Africa boasts 179 wins to 161 losses, while Pakistan has 148 wins compared to 144 losses.

Subscribe to enjoy similar stories. People who do not know that potatoes have been discredited as food usually do not want the same things from life and politics as those who eat avocados. Yet, it would appear that there are societies where everyone appears to want the same thing and even has the same wounds.