Pakistan paid over $3.8 billion in external debt servicing in the third quarter of the current fiscal year (FY25), including $1.263bn as interest, the State Bank reported on Monday. In 2025, Pakistan’s external debt servicing amounted to $26bn and initially appeared to be a very difficult task; however, the government has come close to achieving the target. The SBP data showed that Pakistan
Saudi Arabia on Tuesday promised billions of dollars in deals with the United States, from defence to artificial intelligence, as it threw a lavish welcome for President Donald Trump on the first state visit of his second term. The Saudis escorted Air Force One into the kingdom with fighter jets before bringing out long-stretching guards of honour and sending flag-waving cavalry to accompany Tr
Prime Minister Shehbaz Sharif on Tuesday called for measures to broaden the tax net, directing the authorities to take strict action against individuals and sectors involved in tax evasion. The Federal Board of Revenue (FBR) missed its collection target by nearly Rs831 billion in the first 10 months of the current fiscal year, mainly due to a decline in import volume and lower-than-expected inf
The government has introduced a landmark bill in the National Assembly aimed at digitally tracking petroleum products from import and production to retail sales in a bid to curb smuggling and adulteration, which cause massive revenue losses estimated at Rs300-500 billion annually besides affecting environment and vehicle engines. The Petroleum (Amendment) Act, 2025 — moved by Petroleum Minist
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