Pakistan has agreed to end currency controls gradually and relax restrictions on foreign exchange movement as part of commitments made to the International Monetary Fund (IMF), aiming to secure the release of a $1 billion loan tranche. Officials indicated that the move is intended to stabilise the economy amid rising inflation and external pressures caused...
Gold prices in Pakistan rebounded sharply, rising by Rs3,400 per tola in the latest trading session, while silver also recorded notable gains in both local and international markets. The increase comes after a significant drop a day earlier, highlighting continued volatility in the bullion market. According to market data, gold reached around Rs490,362 per tola,...
The benchmark KSE-100 index at the Pakistan Stock Exchange (PSX) dropped by more than 1,000 points during a volatile trading session, reflecting investor concerns over rising fuel prices and economic uncertainty. The index fell around 1,015 points in early trading, with declining stocks significantly outnumbering gainers. Market sentiment remained under pressure after the government increased...
The government may be forced to unfreeze petroleum prices as global oil rates continue to surge, driven largely by escalating tensions in the Middle East. Officials indicate that while authorities had initially tried to shield consumers from rising costs, sustaining the price freeze is becoming increasingly difficult. Prime Minister Shehbaz Sharif had earlier rejected proposals...
According to the claims by Muttahida Qaumi Movement-Pakistan (MQM-P) leader Farooq Sattar, the removal of Sindh Governor Kamran Tessori, representing MQM (P), without any consultation with the party, gives “a clear message” that the federal government did not “need” the party anymore. Could this be the final blow? Pakistan Muslim League (N) leader and Karachi-based lawyer,...
South Waziristan: Army Chief Field Marshal Syed Asim Munir emphasized that terrorism being directed at Pakistan from Afghan territory is “unacceptable” and must stop during his visit to Wana in South Waziristan on Wednesday. Addressing security and operational readiness along the western border, Munir said threats posed by terrorist outfits using Afghan soil—specifically Fitna-ul-Khawarij and...
Pakistan’s Interior Minister Mohsin Naqvi has said the government has no intention of politicising the health of former prime minister Imran Khan, stressing that he is being provided proper medical care in accordance with jail regulations. Speaking to the media, Naqvi dismissed concerns raised by the Pakistan Tehreek‑e‑Insaf leadership regarding Khan’s condition, stating that medical...
President Asif Ali Zardari has warned that any military escalation involving Iran could severely destabilise the Gulf region, South Asia, and Western Asia, underscoring the grave risks of resolving disputes through force, as he said at a reception hosted by the Iranian embassy in Islamabad. Addressing guests on the 47th anniversary of Iran’s Islamic Revolution,...
Retired Pakistan Army Chief General (R) Qamar Javed Bajwa was hospitalised and placed in an intensive care unit (ICU) after suffering injuries from a fall at his home on Tuesday morning, family sources told local news outlets. According to the information released by his relatives, General Bajwa slipped and fell in the bathroom around 4:30...
The United States State Department has strongly condemned the recent militant attacks in Pakistan’s Balochistan province, calling them “horrific” and reiterating its steadfast support for Pakistan in combating terrorism, according to a statement shared on social media. In its message, the US State Department’s Bureau of South and Central Asian Affairs noted that the Balochistan...