Dubai Islamic Bank completes $1bn sovereign financing Pakistan
Dubai, UAE -- Dubai Islamic Bank (DIB) has announced the successful completion of a landmark US$1 billion syndicated term-finance facility for the Government of Pakistan, arranged in collaboration with a consortium of regional and international financial institutions. The five-year facility is an innovative transaction, partially guaranteed by a Policy-Based Guarantee...
India will ‘never’ restore Pakistan water treaty: minister
New Delhi will "never" reinstate a key water treaty it suspended with Pakistan over deadly violence in India-administered Kashmir, the interior minister said in an interview published SaturdayNuclear states spent $100 billion on atomic arsenals in 2024, say ICAN
ICAN said Britain, China, France, India, Israel, North Korea, Pakistan, Russia and the United States together spent nearly $10 billion more than in 2023.India, Pakistan ceasefire holds after early violations
Poonch, India - A ceasefire appeared to hold on Sunday between India and Pakistan, hours after the nuclear-armed rivals accused each other of violating a truce that brought them back from the brink of all-out war. The ceasefire was agreed on Saturday after four days of missile, drone and artillery...India and Pakistan agree to ceasefire after days of attacks
Pakistan and India agreed Saturday to a full and immediate ceasefire after days of deadly jet fighter, missile, drone and artillery attacks -- news surprisingly announced by US President Donald Trump, who congratulated them on using "common sense".Rubio urges India, Pakistan to communicate to ‘avoid miscalculation’
Washington, United States - US Secretary of State Marco Rubio urged India and Pakistan to restore direct communication to "avoid miscalculation" in a series of calls as the conflict neared all-out war, the State Department said early Saturday. Rubio placed telephone calls to the rivals' top diplomats and, for the...Pakistan says India has brought neighbours ‘closer to major conflict’
Pakistan charged India Friday with bringing the nuclear-armed neighbours "closer to a major conflict", as the death toll from three days of missile, artillery and drone attacks passed 50.Pakistan and India accuse each other of waves of drone attacks
India and Pakistan accused each other Thursday of carrying out waves of drone attacks, as deadly confrontations between the nuclear-armed foes drew global calls for calm. The fighting comes two weeks after New Delhi blamed Islamabad for backing an attack on the Indian-run side of disputed Kashmir, which Pakistan denied.Pakistan warns will ‘avenge’ deaths from Indian strikes
India's army said it destroyed nine "terrorist camps" in Pakistan in the early hours of Wednesday, two weeks after New Delhi blamed Islamabad for backing an attack on tourists in the Indian-administered side of disputed Kashmir -- a charge Pakistan denies.India and Pakistan: a history of armed conflict over Kashmir
New Delhi, India - India and Pakistan exchanged heavy artillery along their contested frontier in Kashmir on Wednesday in a major escalation between the nuclear-armed neighbours. The latest crisis erupted after New Delhi launched missile strikes on its arch-rival, with deaths subsequently reported on both sides.New Delhi accuses Pakistan of...India launches strikes on Pakistan, Islamabad vows to ‘settle the score’
Pakistan's Defence Minister Khawaja Muhammad Asif accused Indian Prime Minister Narendra Modi of launching the strikes to "shore up" his domestic popularity, but said that Islamabad had struck back.Indian PM vows to stop waters key to rival Pakistan
New Delhi, India - Prime Minister Narendra Modi said Tuesday that water from India that once flowed across borders will be stopped, days after suspending a key water treaty with arch-rival Pakistan. New Delhi has blamed Islamabad for backing a deadly attack on tourists on the Indian side of contested...Pakistan conducts second missile test, India readies civil defence drills
Islamabad, Pakistan - Pakistan conducted a second missile test and India ordered civil defence drills in an escalating stand-off over contested Kashmir that the UN said on Monday has brought the two nations to the brink of war. New Delhi blames Islamabad for backing an attack on tourists last month...India, Pakistan and threats of a water war: what we know
India, furious after a deadly attack, has suspended the Indus Waters Treaty with Pakistan, with Islamabad warning any attempt to stop water flows would be considered an "act of war".India and Pakistan urged to have ‘maximum restraint’ after Kashmir attack
The United Nations urged India and Pakistan to show "maximum restraint" as the nuclear-armed rivals imposed tit-for-tat diplomatic measures over a deadly shooting in Kashmir.India and Pakistan rivalry boils after Kashmir attack
India took a raft of punitive diplomatic measures against arch-rival Pakistan on Wednesday, accusing Islamabad of supporting "cross-border terrorism" after a deadly attack on civilians in Kashmir.Pakistan air strikes kill 46 in Afghanistan: Taliban spokesman
Kabul, Afghanistan - Pakistan air strikes in an eastern border province of Afghanistan killed 46 people, the Taliban government spokesman told AFP on Wednesday."Last night (Tuesday), Pakistan bombarded four points in the Barmal district of Paktika province. The total number of dead is 46, most of whom were children and women,"...‘Visa-free entry for GCC nationals will enhance business collaboration’
In an interview with TRENDS, CEO of ITCN Asia, Muhammad Umair Nizam highlights the expanding role of Pakistani IT firms in the GCC tech landscape.How Pakistan is becoming a top tech hub in the GCC
Pakistan's IT sector is thriving, with growing exports and recognition as a tech hub, driven by government support, skilled talent, and strategic GCC collaborations.IATA urges Pakistan, Bangladesh to release blocked airline funds
The International Air Transport Association on Tuesday urged Pakistan and Bangladesh to remove barriers to airlines repatriating ticket revenues after Nigeria released the vast majority of blocked funds.Pakistan and Bangladesh collectively owe $731 million out of a global total of $1.8 billion in blocked airline funds, according to the world...Cash-strapped Pakistan gets draft approval for $1.1 bn IMF payout
Islamabad, Pakistan - Pakistan reached a tentative deal to unlock a $1.1 billion tranche of an International Monetary Fund (IMF) bailout deal, the global lender said Wednesday, giving much-needed respite to the South Asian nation.Last summer, cash-strapped Pakistan sketched a $3 billion deal with the IMF as it battled a balance-of-payments...Thousands of international companies join Dubai Chamber of Commerce in 2023
Dubai, UAE--A study undertaken by Dubai Chamber of Commerce has revealed that Indian investors topped the list of nationalities of new non-UAE businesses joining the chamber last year. A total of 15,481 new Indian-owned companies became members in 2023, representing year-over-year (YoY) growth of 38 percent and underlining Dubai’s continuing...Asif Ali Zardari: ‘Artful dodger’ returns as Pakistan president
He has spent more than 11 years in jail, a long time even by the standards of Pakistani politicians, with a wheeler-dealer's talent for bouncing back after scandals. Back in 2009, the New York Times said he had a knack for "artful dodging" -- "maneuvering himself out of the tight...Pakistan-Iran gas pipeline recommences after 10-year delay
Tehran, Iran -- In a significant step towards enhancing energy cooperation between Pakistan and Iran, Islamabad has given the green signal for advancing much-delayed work on gas pipelines within its territory.This marked considerable progress in the Pak-Iran gas pipeline project, Mehr News Agency reported.The approval comes as Pakistan has scrambled...Pakistan greenlights construction of long-awaited Iran-Pakistan gas pipeline
Tehran, Iran - Pakistan has decided to link the gas pipeline from the country's Gwadar port city to the Iranian border as part of the Iran-Pakistan project.According to Pakistani media, the country will expedite the project, which faced significant delays, in two phases.Pakistan’s Special Investment Facilitation Council (SIFC) ratified a...Pakistan parties reach power-sharing agreement, Khan loyalists left out
After weeks of negotiations, Khan's adversaries announced at a late-night press conference in the capital Islamabad that a power-sharing agreement had been reached. Under the deal, the PML-N and PPP will put forward former leader Sharif as prime minister and Asif Ali Zardari, the husband of assassinated former prime minister...Pakistan official admits being part of election rigging
Islamabad, Pakistan - A senior bureaucrat said on Saturday he helped rig Pakistan's elections, a week after polls marred by allegations of manipulation returned no clear winner.Liaqat Ali Chattha, commissioner of the garrison city of Rawalpindi, where the country's powerful military has its headquarters, said he would hand himself over to...Pakistan must move from ‘anarchy and polarization’ after election: army chief
"The nation needs stable hands and a healing touch to move on from the politics of anarchy and polarization, which does not suit a progressive country of 250 million people," said General Syed Asim Munir, according to a statement from the military.Pakistanis vote with Khan in jail, Sharif tipped to win
The Pakistan Muslim League-Nawaz (PML-N) is expected to win the most seats in Thursday's vote, with analysts saying its 74-year-old founder Nawaz Sharif has won the blessing of the generals. Outside a polling station in Islamabad, 22-year-old psychology student Haleema Shafiq said she was determined to vote.Pakistan ex-PM Imran Khan and wife get 14 years jail in graft case
Since being ousted in 2022, Khan has been buried by court cases he claims have been triggered to prevent his return to office after a campaign of defiance against Pakistan's military kingmakers. The 71-year-old had accused the powerful military -- with whom he ruled in partnership for much of his...Former Pakistan PM Imran Khan handed 10-year prison term
Islamabad, Pakistan - Former Pakistan prime minister Imran Khan was sentenced on Tuesday to 10 years in prison, less than two weeks before the country votes in an election his party has been hamstrung from contesting.Pakistan goes to the polls next Thursday in an election already marred by allegations of pre-vote...Pakistan and Iran vow to restore ties after cross-border strikes
Tehran carried out strikes against an anti-Iran group in Pakistan on January 16, the same week the nation's military targeted Iraq and Syria. Two days later, Pakistan responded in kind with a pre-dawn raid on "militant targets" in Iran's Sistan-Baluchistan province, one of the few mainly Sunni Muslim regions in...Firing by gunmen in Iran leaves nine foreign nationals dead
Tehran, Iran - Gunmen in southeastern Iran near the Pakistan border killed nine foreign nationals on Saturday, Iranian media reported, more than a week after the neighbors exchanged deadly cross-border fire."According to witnesses, this morning unknown armed men killed nine non-Iranians in a house in the Sirkan neighborhood of Saravan city"...Pakistan, Dubai ink deals worth $3 billion at Davos
Davos, Switzerland - Pakistan and Dubai signed two agreements totaling over $3 billion on the sidelines of the World Economic Forum in Davos. The agreements will focus on collaboration in railways, economic zones, and infrastructure projects.One of the key agreements involves the establishment of a rail-based dedicated freight corridor (DFC)...China says willing to mediate between Pakistan and Iran after strikes
"The Chinese side sincerely hopes that the two sides can exercise calm and restraint and avoid an escalation of tension," foreign ministry spokeswoman Mao Ning told a regular press conference. "We are also willing to play a constructive role in de-escalating the situation if both sides so wish," she said.Pakistan strikes ‘terrorist hideouts’ inside Iran
Iran and Pakistan routinely blame each other for allowing militants to operate from the other's territory to launch attacks, but it is rare that official forces on either side engage. China, close partner of both countries, urged restraint, with foreign ministry spokeswoman saying both should "avoid actions that would lead...Pakistan says two children killed by Iran air strike
The statement did not say where the strike took place, but various Pakistani social media accounts reported blasts in Balochistan province, where the two countries share a sparsely populated border of nearly 1,000 kilometres (620 miles).IMF okays $700 million disbursement for cash-strapped Pakistan
Washington, United States - The IMF's executive board approved an immediate disbursement of around $700 million for Pakistan Thursday as part of a program to support the cash-strapped South Asian country through an economic crisis.The funds were unlocked after the International Monetary Fund board approved the first review of a nine-month,...Pakistan bans New Year’s Eve celebrations in solidarity with Gaza
New Year's Eve is usually marked in boisterous fashion in Pakistan, with fireworks and aerial gunfire -- as well as a bank holiday on January 1. Sharjah, an emirate of the United Arab Emirates, on Thursday banned New Year's Eve fireworks over the war in Gaza.UAE to invest $20-25 bn in cash-strapped Pakistan
Abu Dhabi, UAE - The UAE and Pakistan recently sealed a significant deal, potentially injecting between $20 to $25 billion into Pakistan's struggling economy, according to media reports. The agreements, covering diverse sectors like energy, ports, food security, and finance, were signed after a meeting between caretaker Prime Minister Anwaarul...Saudi, Turkey, Egypt among 16 nations viewing climate change as top concern
Riyadh, Saudi Arabia: Around 80% of consumers surveyed across 16 countries now view climate change as the world’s No. 1 challenge, a recent research conducted by GSMA Intelligence with support from Huawei, revealed. The countries include Saudi Arabia, Turkey, Egypt, South Africa, Argentina, Brazil, France, Germany, Indonesia, Italy, Japan, Pakistan,...Afghan border trade resumes after Pakistan suspends new visa rule
Commercial traffic ground to a halt Tuesday when Pakistan began requiring the crew of commercial vehicles to have passports and visas to enter, and Afghanistan responded by refusing to allow any trucks to pass. Long-fraught relations between Kabul and Islamabad have worsened since October, when Pakistan announced plans to deport...Pakistan applies for BRICS membership in 2024: envoy to Russia
Moscow, Russia - Pakistan has filed an application to join the BRICS group of nations in 2024 and is counting on Russia’s assistance during the membership process, the country’s newly appointed Ambassador to Russia Muhammad Khalid Jamali has told Russian news agency TASS in an interview.When asked whether the country...Putin, Erdogan and Raisi make visits in Central Asia
Tashkent will host the Iranian and Turkish presidents, as well as Pakistani Prime Minister Anwaar-ul-Haq Kakar and Central Asian leaders. The war between Israel and Hamas is not on the agenda, Uzbekistan said.Public defies world leaders, rallies to back Palestinians
Global outcry mounts as thousands protest in the US, UK, France, and Germany, defying their governments' support for Israeli aggression and demanding ceasefire in Gaza.GCC FTA, tech MoU enhance Pakistan-Saudi relations
In landmark developments, Saudi Arabia and Pakistan have taken significant strides to enhance their bilateral relations, especially in the economic and technological arenas.Saudi Arabia, Pakistan ink pact on digital transformation, innovation
RIYADH, SAUDI ARABIA - The Kingdom of Saudi Arabia signed a memorandum of understanding (MoU) with Pakistan here on Sunday to expand bilateral cooperation in communications and information technology by accelerating digital transformation, promoting innovation and developing digital infrastructure.Saudi Arabia’s Minister of Communications and Information Technology Eng. Abdullah Alswaha and...GCC, Pakistan ink preliminary free trade agreement
RIYADH, SAUDI ARABIA - Secretary-General of the Gulf Cooperation Council (GCC) Jasem Mohamed AlBudaiwi said that preliminary free trade agreement (FTA) between the GCC and Pakistan will help strengthen trade relations and economic cooperation with countries and international blocs.The statement was made during the signing ceremony of the preliminary FTA...AstraTech to expand across India, Pakistan, and Egypt: founder
Sharjah, UAE -- The UAE-based technology firm AstraTech is seeking to expand across India, Pakistan, and Egypt in the near future as part of its global expansion strategy.“Last month, we acquired a banking company in the Philippines as part of our global expansion, and now we are looking at the...Saudi Arabia to invest $25bn over next five years: Pakistan interim PM
Islamabad, Pakistan - Pakistan's caretaker Prime Minister, Anwaar-ul-Haq Kakar, announced on Monday that Saudi Arabia plans to invest up to $25 billion in Pakistan over the next two to five years across various sectors. The investment is part of a concerted effort to boost foreign direct investment in the South...4 children rescued from cable car in Pakistan
Military helicopters and zipline experts rescued four children from a group of eight people trapped for hours in a stricken cable car high above a remote Pakistan valley. The daring rescue began with a helicopter plucking two children to safety as daylight faded, but the chopper was forced back to...