Amid escalating tensions between nuclear-armed neighbours following India’s unlawful missile strikes against civilians early Wednesday, which resulted in the deaths of dozens of innocent people, investors grew increasingly concerned that the conflict could escalate into a full-scale war. Pakistan’s armed forces responded by downing five Indian fighter planes, creating a panic-like situation in
Planning Minister Ahsan Iqbal on Saturday vowed that the government would not let anything derail Pakistan’s development and economic growth agenda. Chairing a crucial meeting to prioritise projects for the upcoming Public Sector Development Programme (PSDP) for 2025-26, the minister said the government had redoubled efforts to achieve economic transformation. An official announcement said t
Pakistan reopened its airspace for all types of flights on Saturday as tensions eased with India following a ceasefire agreement. The two neighbouring nations closed their airspaces multiple times since Wednesday, when India launched missiles into Pakistan, triggering a series of hostilities. On Saturday evening, the Pakistan Airport Authority (PAA) announced that the airspace has been fu
Pakistan’s exports to European countries grew 8.18 per cent in the first nine months of the current fiscal year from a year ago, mainly due to higher shipments to western and southern states. In absolute terms, Pakistan’s exports to the European Union (EU) reached $6.782 billion in July-March FY25 from $6.269bn last year, according to data compiled by the State Bank of Pakistan. The export r
A member of the National Electric Power Regulatory Authority (Nepra) has raised serious concerns about inefficiencies in the power system and called for urgent action to address transmission bottlenecks. In his additional note on quarterly adjustments for the period May to July 2025 applicable across all consumer categories, excluding lifeline and prepaid consumers, Nepra Member (technical) Raf