Pakistan’s 2025-26 federal budget cuts overall spending by 7% but raises defence expenditure by 20% amid recent conflict with India, aiming to balance economic growth with increased military costs.
Pakistan unveiled its fiscal year 2025-26 budget, reducing total spending to 17.57 trillion rupees ($62 billion) while sharply increasing defence spending by 20% to 2.55 trillion rupees ($9 billion). The budget reflects the government’s response to last month’s deadly clashes with India, focusing on bolstering defence amid efforts to stimulate economic growth. The fiscal deficit is projected to improve to 3.9%, with inflation at 7.5% and growth forecasted at 4.2%. Pakistan faces challenges including IMF conditions and new U.S. trade tariffs, while seeking to maintain stability after recent military tensions.
More than 2,000 people gathered in San Diego this week for funeral prayers honouring three men killed while trying to stop an attack at the Islamic...
CIS governments meeting in Ashgabat have endorsed a regional transport integration plan and advanced proposals to modernise heavy industry, highlig...
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U.S. Secretary of State Marco Rubio said negotiations with Iran remain deadlocked over uranium enrichment and the ...
Iran’s Supreme Leader has issued a directive that the country’s near-weapons-grade enriched uranium must not be sent abroad, according to two senior Iranian sources, marking a firm tightening of Tehran’s position in ongoing negotiations with the United States.
Iran and Pakistan discussed developments in stalled Iran-U.S. negotiations during a visit to Tehran by Pakistani Interior Minister Mohsen Raza Naqvi, amid Islamabad’s ongoing mediation efforts.
Pakistan has intensified diplomatic efforts to accelerate peace talks between the United States and Iran, as Tehran reviews Washington’s latest proposals and U.S. President Donald Trump signals he is prepared to wait only a few days for what he called the “right answers.”
Pakistan has deployed around 8,000 troops, fighter jets and air defence systems to Saudi Arabia under a mutual defence agreement, according to security officials and government sources familiar with the arrangement.
Asian stocks surged on Thursday as some vessels resumed passage through the Strait of Hormuz, while forecast-beating results at Nvidia and a suspended workers' strike at Samsung Electronics lifted shares of chipmakers.
Belarusian President Alexander Lukashenko has said Belarus will not be dragged into the war in Ukraine, while also stressing that Minsk and Moscow would jointly respond to any aggression against them.
The penultimate day of the World Urban Forum 13 in Baku will see Azerbaijan's Pavilion highlight post-construction efforts in Garabagh and East Zangezur, as well as host events on the future of Baku and architectural education.
Fighting in the Russia–Ukraine war has intensified sharply, with both sides launching significant strikes far beyond the front lines as the conflict enters its 1,549th day.
As the 13th edition of the World Urban Forum ended, Azerbaijan's Pavilion showcased reconstruction efforts in its liberated territories and foregrounded the importance of mine removal in resettlement efforts.
China already dominates the global rare earth supply chain. Now, scientists have discovered new deposits in northeastern China that could prove cheaper and cleaner to extract than those mined elsewhere in the country.
More than 2,000 people gathered in San Diego this week for funeral prayers honouring three men killed while trying to stop an attack at the Islamic Centre of San Diego, in what authorities are investigating as a suspected hate crime.
U.S. Secretary of State Marco Rubio said negotiations with Iran remain deadlocked over uranium enrichment and the Strait of Hormuz, despite what he described as modest progress in recent talks.
Fighting in the Russia–Ukraine war has intensified sharply, with both sides launching significant strikes far beyond the front lines as the conflict enters its 1,549th day.
Serbian President Aleksandar Vučić said he was pessimistic that an agreement would be reached before Friday’s deadline regarding Hungarian oil company MOL group's bid to acquire a majority stake in Naftna Industrija Srbije (NIS), the operator of Serbia’s only oil refinery.
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