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.
Ferrari's Charles Leclerc claimed victory in a dramatic British Grand Prix after a late Safety Car and mechanical problems for rivals reshaped the rac...
Regional economic cooperation took centre stage in Baku as the 28th Annual Meeting of the Board of Governors of the Black Sea Trade and Development Ba...
Thousands of mourners gathered in Tehran on Sunday as Iran held funeral prayers for Ayatollah Ali Khamenei and four members of his family on the secon...
Humanoid robots stumbled, collided and recovered as they battled for the RoboCup 2026 football title on Sunday (5 July), showcasing the latest advance...
U.S. President Donald Trump addressed crowds on Washington's National Mall on Saturday night after severe weather delayed his appearance at celebratio...
At least 40 people were killed after a passenger bus plunged off a highway into a ravine in southwestern Pakistan, officials said on Friday (3 July).
Pakistan has issued a nationwide warning as the first spell of monsoon rain coincides with rapid glacier melt in the country's north, raising the risk of flash floods, glacial lake outburst floods, landslides and urban flooding.
Pakistan's military said on Wednesday it intercepted and destroyed four drones launched from Afghanistan into Balochistan, days after Islamabad carried out cross-border strikes against what it described as militant hideouts in eastern Afghanistan, further escalating tensions between the neighbours.
Start your day informed with the AnewZ Morning Brief. Here are the top stories for 1 July, covering the latest developments you need to know.
Russia's Defence Ministry has said its forces are clearing the town of Lyman in Donetsk of Ukrainian forces, Moscow's state news agency Tass reported. Meanwhile, Russian attacks killed at least six people across three Ukrainian regions on Friday, regional officials said.
President Donald Trump said Iran is keen to reach a deal with the United States, claiming Washington had paused engagement to allow funeral ceremonies for late Iranian Supreme Leader Ali Khamenei.
Governments are tightening restrictions on teenagers’ use of social media amid growing concerns over mental health, online safety and platform design, but questions remain over enforcement and whether bans can meaningfully change behaviour.
Thousands of mourners gathered in Tehran on Sunday as Iran held funeral prayers for Ayatollah Ali Khamenei and four members of his family on the second day of mass processions. Three of Khamenei's sons attended the ceremony, while his successor, Mojtaba Khamenei, made no public appearance.
Russian President Vladimir Putin has congratulated U.S. President Donald Trump on the 250th anniversary of American independence, saying Russia and the United States share a special responsibility for maintaining global security as the world's two largest nuclear powers.
Ferrari's Charles Leclerc claimed victory in a dramatic British Grand Prix after a late Safety Car and mechanical problems for rivals reshaped the race at Silverstone Circuit.
Juan Zapata was just finishing dinner in his fifth-floor apartment overlooking the Caribbean when the twin earthquakes struck Venezuela’s coast on the 24 June, hurling him across the room and into a collapse of concrete and steel.
U.S. President Donald Trump has offered to help find a solution to the war in Ukraine during a 90-minute phone call with Russian President Vladimir Putin, according to the Kremlin.
Wildfires are continuing to burn across southern Europe, forcing people from their homes, damaging property and stretching emergency services as high temperatures and dry conditions create ideal conditions for fast-moving fires.
For the first time in six years, Indian traders are crossing through the Lipulekh Pass in the Himalayas into Tibet to do business.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment