While ordinary Pakistanis struggle with high prices and job losses, the country’s army has built itself into Pakistan’s largest business empire, according to an IANS report. A new Wealth Perception Index 2025 by the Economic Policy and Business Development Think Tank (EPBD) has listed the top 40 business groups in the country. Military-run entities dominate … Read more
Pakistan plans to ask Qatar to delay liquefied natural gas deliveries over the next five years as the South Asian country battles weak demand and rising import costs, Bloomberg News reported on Monday. Government officials are in Qatar this week to request a delay for delivery of two LNG shipments per month in 2026, Bloomberg … Read more
Microsoft has officially exited Pakistan after 25 years of operations, according to the CEO who launched the tech giant’s presence in the country in 2000. The company, which entered Pakistan on March 7, 2000, ended its operations without a formal announcement. “Today, I learned that Microsoft is officially closing its operations in Pakistan. The last … Read more
Sometimes, the most tragic events can bring forth goodness. That’s the hope of Najam Fasihi, 47, a Miami-raised surgeon at Virginia Hospital Center in the suburbs of Washington, DC. On a 2023 trip to visit relatives in northern Pakistan, disaster struck. Driving along the Karakoram Highway through the foothills of the Himalayas, a landslide hit … Read more
The International Monetary Fund has disbursed a second tranche of $1.023 billion under the Extended Fund Facility programme for Pakistan, the central bank said on Wednesday (May 14, 2025). The disbursement of the second tranche comes on a day when the IMF is holding virtual discussions on Pakistan’s upcoming Budget as the visit of its … Read more
Labourers cover themselves with shawls to protect themselves from the cold during the early morning, as they wait for work at the market in Karachi, Pakistan December 26, 2024. REUTERS/Akhtar Soomro | Photo Credit: Reuters The World Bank is set to approve a $20 billion indicative lending package for Pakistan – a pioneering 10-year initiative … Read more
With its economy turning precarious, Pakistan has been accosting other countries and multilateral institutions for financial help. That has made ‘begging‘ an important figure of its political discourse in which its citizens rue that their country has to “beg” for foreign aid which is often hard to come by and requires persistent importuning by its … Read more
Islamabad: Pakistan‘s cash-strapped government has highlighted almost a dozen critical risks to next year’s budget and medium-term outlook, including lower than estimated economic growth, unexpected climatic or natural disasters as well as continuing poor performance of state-owned entities. In a written statement on the fiscal risks submitted to Parliament, Finance Minister Muhammad Aurangzeb and Secretary … Read more
File photo of former Pakistani Prime Minister Shehbaz Sharif. | Photo Credit: PTI The fissures within Pakistan’s ruling coalition government have surfaced with the PPP, a key ally, accusing the ruling PML-N of sidelining its inputs in the preparation of the annual budget and questioning if the Shehbaz Sharif-led government still values its support. The … Read more
Lt. Gen. Jeffrey Kruse, Director of the Defense Intelligence Agency. File | Photo Credit: AP Pakistan sustained its nuclear modernisation efforts last year despite its economic turmoil as its contentious relationship with India continues to drive its defence policy, the top U.S. intelligence official told Congress. The remarks by Lt. Gen. Jeffrey Kruse, Director of … Read more