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Four terrorists killed, one police officer martyred in separate IBO’s in K-P

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ISPR says one terrorist killed was ‘Waheedullah’, responsible for the martyrdom of Lieutenant Colonel Gul Faraz DERA ISMAIL KHAN: One police officer was martyred and four terrorists, including two highly wanted commanders, were killed in two separate intelligence-based operations in Khyber-Pakhtunkhwa, officials confirmed on Monday. In one operation, the Inter-Services Public Relations (ISPR) said in … Read more

Peacemaking’s economic payback

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[ By helping the world reduce oil prices from the $150-$200 range and saving hundreds of billions in import bills and high interest expense, Pakistan has earned its seat at the table. photo: REUTERS KARACHI: Pakistan’s genuine efforts and role as a global peacemaker are finally being taken seriously. Diplomacy is a two-way street, and … Read more

South Korea’s Lee to seek big boost in economic ties in summit with India’s Modi

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South Korean President Lee Jae Myung listens to a reporter’s question during a press conference to mark the first anniversary of the December 3, 2024, martial law declaration by former President Yoon Suk Yeol, at the Blue House in Seoul, South Korea, December 3, 2025. PHOTO: REUTERS South Korean President Lee Jae Myung heads into … Read more

World weighs fate of Mideast ceasefire after US seizes Iranian cargo ship

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US maintains blockade of Iranian ports, while Iran lifted then reimposed blockade on marine traffic through Strait A resident walks while covering her nose to protect against the smell rising from a building containing homes and a restaurant hit by an Israeli strike hours before the ceasefire, amid a 10-day ceasefire between Lebanon and Israel, in … Read more

Sovereign debt trap and illusion of fiscal stabilisation

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[ Govt is no longer borrowing to fund infrastructure or improve human capital; it is borrowing to service interest on pr KARACHI: The prevailing narrative suggesting that Pakistan has achieved macroeconomic stability through the current International Monetary Fund (IMF) programme is a dangerous oversimplification. Such a perspective conveniently ignores the systemic erosion of the national … Read more

Between reserves and reality: external sector under pressure

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[ For years, Pakistan has relied on friendly countries for financing, but recent developments suggest shift in behaviour ISLAMABAD: Pakistan’s economic managers often point to rising foreign exchange reserves as a sign of stabilisation. On paper, the narrative appears reassuring: reserves have recovered from crisis lows, inflation remains within range, and the country continues to … Read more

Two FC personnel martyred in Bannu firing

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In a separate incident Saturday night, terrorists destroyed Shamozai police post using explosive material MIRANSHAH: Two Federal Constabulary (FC) personnel were martyred after unidentified motorcycle-riding terrorists opened fire on them in the Karam Garhi area of Bannu, police and security sources said on Sunday. The incident occurred within the limits of the Cantonment Police Station. … Read more

Is SBP hiding its exchange rate assumptions?

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[ Existing communication methodology is being reused, repackaged rather than reformed KARACHI: The Monetary Policy Reports (MPRs) published by the State Bank of Pakistan (SBP) try to show the SBP’s intention of transitioning towards a more up-to-date, inflation-targeting framework where the central bank’s timely information sharing becomes crucial. The SBP attempts to pivot towards global … Read more