IMF has concluded its latest mission to Pakistan after securing commitments from Islamabad to maintain strict fiscal discipline and achieve a primary budget surplus target of 2% of gross domestic product in fiscal year 2027-28. The IMF delegation, led by advisor Iva Petrova, visited Islamabad from May 13 to May 20 for talks with officials […]
From Bailouts to Battle Jets: Pakistan, Saudi Arabia in $4bn Defence Talks
Pakistan and Saudi Arabia are exploring a major defence-finance arrangement that could see roughly $2 billion in Saudi loans converted into a fighter jet purchase, according to Pakistani officials familiar with the discussions. The talks centre on the JF-17 Thunder, a light combat aircraft jointly developed with China and manufactured in Pakistan. If finalised, the […]
PSX Starts 2026 on a High as KSE-100 Jumps Over 700 Points in Early Trade
The Pakistan Stock Exchange began the new year on a firm footing as bullish sentiment lifted equities in early Thursday trading, pushing the benchmark KSE-100 Index sharply higher within minutes of the opening bell. By 9:35am, the index had climbed to 174,755.54 points, up 701.22 points, representing a 0.40% increase from the previous close. The […]