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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India has warned Pakistan of “high floods” along the Sutlej River as northeastern regions prepare for another intense monsoon spell, with nearly 2 million people already displaced, officials said on Sunday.
Over 100,000 people have been evacuated in Pakistan’s southern Sindh province as floodwaters continue to rise, officials said on Friday.
A rescue tragedy unfolded in southern Punjab on Saturday when a boat evacuating residents overturned in strong river currents, killing at least five people.
Authorities in Pakistan’s southern Sindh province have evacuated more than 100,000 people from low-lying areas along the Indus River after neighboring India warned of cross-border flooding from dam releases, officials said Friday.
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India has warned Pakistan of “high floods” along the Sutlej River as northeastern regions prepare for another intense monsoon spell, with nearly 2 million people already displaced, officials said on Sunday.
In a historic showdown, Spain’s Carlos Alcaraz defeated Italy’s Jannik Sinner at the U.S. Open final on Sunday, earning his second Grand Slam title of 2025 and a record $5 million first prize.
Hamas said Sunday it received a new U.S. ceasefire proposal through mediators and is ready to resume negotiations.
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