India’s commerce ministry announced restrictions on some imports from Bangladesh via its land borders, prompting fears for the South Asian country’s export-reliant economy. Relations between the two countries have deteriorated after former Bangladeshi prime minister Sheikh Hasina — a long-term New Delhi ally — was ousted last year, and fled to India where she is currently living in self-imposed
Pakistan, China and Afghanistan are set to hold tripartite talks in Beijing on Tuesday (tomorrow) to discuss regional peace and security in the wake of a military standoff between Pakistan and India. According to media reports, the foreign ministers of the three nations will meet to discuss issues of mutual interest, including regional stability and cooperation. Deputy Prime Minister and
The Planning Commission has raised concerns over the procurement of 179 vehicles, including 15 fully bulletproof units, under the Federal Board of Revenue’s (FBR) Rs41 billion Revenue Raises Project, urging a review of the Rs2.237bn expenditure in light of the Finance Division’s austerity measures. Funded by a $150 million World Bank loan at an annual interest rate of 2.5 per cent over 30 years
In the wake of the country’s recent military success against Indian aggression, the federal government has claimed to have turned its focus to economic recovery and public relief, with high-level consultations underway ahead of the national budget. On Sunday, key federal ministers met separately with the Sindh governor and chief minister in Karachi, aiming to build consensus among major coaliti
Bulls took control of the Pakistan Stock Exchange (PSX) on Thursday as shares gained over 1,400 points, bringing calm to yesterday’s heightened volatility. The positive momentum comes just a day after Pakistan received the second tranche from the International Monetary Fund (IMF), worth $1 billion, under its loan programme. The KSE-100 index opened with a gain of 858.23 points (0.73 per cent