The IMF reportedly raised objections to several government proposals, particularly additional power subsidies for domestic consumers. It also dismissed the government’s plan to reduce electricity tariffs for industrial users, demanding the timely tariff hikes during the next fiscal year. IMF emphasized the need to implement a comprehensive plan to eliminate circular debt in FY2026. This […]
The staff visit focused on recent economic developments, program implementation, and the budget strategy for fiscal year (FY) 2026. At the end of the visit, Porter said in a statement, “We held constructive discussions with the authorities on their FY2026 budget proposals, as well as the broader economic policy and reform agenda supported by the […]
The sharp escalation in US President Donald Trump’s longstanding feud with the prestigious university came as tensions simmer between Washington and Beijing over trade and other issues. The Trump administration’s decision on Thursday, which was temporarily halted by a US judge after Harvard sued, has thrown the future of thousands of foreign students and the […]
The decision comes amid strained bilateral relations following the ouster of Prime Minister Sheikh Hasina from power in 2024. The cancelled deal was the first major contract under India’s $500 million line of credit for defence purchases, signed in July 2024, just a month before Hasina’s departure. GRSE notified the National Stock Exchange of India […]
Reuters witnesses saw and heard successive waves of drones flying over Kyiv, and a series of explosions jolted the city. Mayor Vitali Klitschko said two residents had required hospital treatment and that air defence units were in action. Pictures posted online showed smoke billowing from the top of one block of flats and flames leaping […]
Floodwaters were slowly subsiding, but more than 20 emergency warnings remained in place, with the focus shifting to assessing properties and delivering supplies to cut-off communities. NSW emergency authorities estimated up to 10,000 properties had been damaged by flooding, mostly in central and northern parts of the state. Many communities were still isolated, with 50,000 […]
The order, opens new tab provides temporary relief to thousands of international students who were faced with being forced to transfer under a policy that the Cambridge, Massachusetts-based university called a “blatant violation” of the U.S. Constitution and other federal laws, and said would have an “immediate and devastating effect” on the university and more […]
President Donald Trump dramatically upped the stakes in the months-long transatlantic standoff earlier Friday by threatening a 50 percent tariff on the bloc, complaining talks with Brussels were “going nowhere.” “The EU’s fully engaged, committed to securing a deal that works for both,” trade commissioner Maros Sefcovic posted on X, after a previously planned call […]
The decision was taken during a high-level meeting in Islamabad headed by Federal Interior Minister Mohsin Naqvi. The meeting decided to curb illegal migration and address the international embarrassment caused by deportations, which Naqvi described as a stain on Pakistan’s global reputation. Deportees will also be placed on a Passport Control List for five years, […]
Due to favorable environmental conditions, the system is likely to intensify into a Depression during the next 24 hours and is expected to move initially north towards India. Currently, there is no threat to any Pakistani coastal area. The Cyclone Warning Center at Karachi is monitoring the weather system. The weather system in the Arabian […]
