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.
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Start your day informed with AnewZ Morning Brief: here are the top news stories for the 27th of December, covering the latest developments you need to...
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The long-standing rivalry between India and Pakistan over Kashmir reached a dangerous peak in 2025, as missile strikes, drone warfare, and rapid military escalation brought the two nuclear-armed neighbours to the brink of full-scale war.
The year 2025 was marked by a series of devastating natural disasters worldwide, from wildfires and storms to floods. North America, Europe, Asia and the Middle East faced severe challenges as extreme weather destroyed homes, claimed lives and disrupted daily life.
At least 11 Afghan nationals have died were killed and nine others injured after a pickup truck collided with an oil tanker in Pakistan late on Sunday.
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 21st of December, covering the latest developments you need to know.
New York placed the state under emergency measures on Friday as a powerful winter storm brought the heaviest snowfall since 2022, disrupting travel across the north-east of the United States.
Polish fighter jets on Thursday intercepted a Russian reconnaissance aircraft flying near Poland’s airspace over the Baltic Sea and escorted it away from their area of responsibility.
Russia launched missiles and drones at Kyiv and other parts of Ukraine overnight on Saturday, Ukrainian officials said, ahead of talks on Sunday between President Volodymyr Zelenskyy and U.S. President Donald Trump aimed at ending nearly four years of war.
The United States carried out a strike against Islamic State militants in northwest Nigeria at the request of Nigeria's government, President Donald Trump and the U.S. military said on Thursday.
Israel became the first country to formally recognise Somaliland as an independent state on Friday, drawing strong condemnation from Somalia and regional and international organisations.
New York placed the state under emergency measures on Friday as a powerful winter storm brought the heaviest snowfall since 2022, disrupting travel across the north-east of the United States.
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 27th of December, covering the latest developments you need to know.
Thailand and Cambodia agreed to halt weeks of fierce border clashes, the worst fighting in years between the Southeast Asian neighbours, which has included fighter jet sorties, rocket fire and artillery barrages, on Saturday.
Russia plans to modernise its nuclear triad, strengthen ground forces, and develop a universal air defence system as part of its new State Armament Programme for 2027–2036, the Kremlin announced on Friday.
At least 12 people have been confirmed dead and more than 160 are feared dead after a migrant vessel en route to Spain’s Canary Islands capsized off the coast of Senegal earlier this week.
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