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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China's Ministry of Commerce (MOFCOM) announced Monday it will extend anti-dumping duties on specific stainless steel imports from the European Union,...
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Pakistan has assumed the presidency of the United Nations Security Council for the month of July, part of its current term as a non-permanent member that began in January 2024.
Special envoys from Pakistan, China and Russia held an informal meeting in the Qatari capital on Monday to discuss regional cooperation on Afghanistan, Pakistani envoy Mohammad Sadiq confirmed in a post on X.
China, Pakistan and Bangladesh are in advanced talks to establish a new regional cooperation framework that could serve as an alternative to the South Asian Association for Regional Cooperation (SAARC), according to a report by Pakistan’s Express Tribune.
Start your day informed with AnewZ Morning Brief: here are the top news stories for 29th June, covering the latest developments you need to know.
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.
China has ramped up efforts to protect communities impacted by flood control measures, introducing stronger compensation policies and direct aid from the central government.
Severe rain in Venezuela has caused rivers to overflow and triggered landslides, sweeping away homes and collapsing a highway bridge, with five states affected and no casualties reported so far.
A malfunction in the radar transmission system at the Area Control Center in Milan suspended more than 300 flights at the weekend, across northwest Italy since Saturday evening according to Italy's air traffic controller Enav (National Agency for Flight Assistance).
Thousands of protesters rallied in Bangkok on Saturday, demanding Prime Minister Paetongtarn Shinawatra resign as political and economic tensions mount.
Prices for goods made in China and sold on Amazon.com are rising at a pace faster than overall inflation, signaling the growing impact of U.S. tariffs on consumers, a new analysis by retail analytics firm DataWeave reveals.
The United States announced the launch of a critical minerals initiative with Australia, India and Japan on Tuesday as part of efforts to counter China, although ties between the partners have been strained by trade frictions and other disagreements.
A U.S. federal judge on Tuesday rejected Huawei Technologies Co Ltd's request to dismiss the majority of charges in a sweeping indictment, allowing the Chinese telecoms giant to face trial over allegations of trade secret theft, bank fraud, and sanctions violations.
France is facing a severe heat wave forcing nearly 1,350 schools to shut fully or partially, nearly double from the previous day.
The U.S. Justice Department announced charges against two Chinese citizens accused of spying inside the U.S. on behalf of Beijing.
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