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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At least 21 people have died in the past 24 hours as monsoon-triggered flash floods and landslides swept across Pakistan, pushing this year’s rain-related death toll to 242.
Pakistan’s top diplomat Ishaq Dar met with United Nations Secretary-General Antonio Guterres in New York to discuss key regional and global issues, including India’s suspension of the Indus Waters Treaty.
Severe flooding triggered by heavy monsoon rains has struck northern Pakistan, particularly in the Gilgit-Baltistan (GB) region, leaving at least three local tourists dead and 15 missing, according to authorities.
The Pakistan Air Force won two major awards at the Royal International Air Tattoo 2025 in Britain, officials confirmed Saturday.
The world’s biggest dance music festival faces an unexpected setback as a fire destroys its main stage, prompting a last-minute response from organisers determined to keep the party alive in Boom, Belgium.
Australian researchers have created a groundbreaking “biological AI” platform that could revolutionise drug discovery by rapidly evolving molecules within mammalian cells.
Australian researchers have pioneered a low-cost and scalable plasma-based method to produce ammonia gas directly from air, offering a green alternative to the traditional fossil fuel-dependent Haber-Bosch process.
A series of earthquakes have struck Guatemala on Tuesday afternoon, leading authorities to advise residents to evacuate from buildings as a precaution against possible aftershocks.
The U.S. economy faces a 40% risk of recession in the second half of 2025, JP Morgan analysts said on Wednesday, citing rising tariffs and stagflation concerns.
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Three workers died on Friday after falling from a freight elevator at a construction site in the Vomero neighbourhood of Naples, Italian media reported.
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