Indian Prime Minister Narendra Modi visited the Adampur air force base, near Jalandhar in East Punjab, on Tuesday where he reiterated the “new normal” of military action against Pakistan, but aware that the stocks of the company that manufactures the fabled Rafale jets his pilots used in the recent duel had plummeted. The Hindustan Times reported on Tuesday that while Rafale shares suffered los
The Pakistan Stock Exchange (PSX) gained a record nine per cent on Monday — the restored calm in the market mirroring that in the region after the recent Pakistan-India ceasefire that boosted investor mood. Saturday’s ceasefire, announced by US President Donald Trump, followed four days of tit-for-tat strikes between the nuclear-armed neighbours, as well as diplomacy and pressure from Washingto
At the time of writing, the people of Pakistan are united in their pride of their armed forces, particularly the air force. The most hard-core critics of military spending have seen the wisdom of a high defence budget when we have a hostile nation as a neighbour. But in the end, who does war benefit? Not the civilians who fear for their lives and livelihoods while mourning those who are lost to
India and Pakistan have been effectively at war since last Wednesday. And the war takes its toll on all involved: both the aggressors and their targets. The ongoing military conflict between India and Pakistan will indeed leave an adverse impact on the latter’s fragile, recovering economy, but it will not spare India’s either. The heavy costs of the conflict for India will extend far beyond
The government only managed to spend around 41 per cent of the development funds allocated for the fiscal year despite the passage of 10 months, the planning ministry has said. The development spending stood at Rs448.6bn in the first 10 months (July-April) of fiscal year 2025, accounting for less than 41pc of Rs1.1 trillion revised budget allocation for the whole year. The lack of spending s