Pakistan has reportedly approached the United States with a proposal for a $10 billion exchange facility aimed at reinforcing its foreign exchange reserves and enhancing the country’s financial stability. The move comes as Islamabad continues to navigate persistent economic challenges, including pressure on its external accounts, currency volatility, and the need to maintain sufficient foreign...
Pakistan is preparing to significantly increase its defence expenditure in the upcoming fiscal year, with reports indicating a proposed rise of nearly PKR 100 billion as the country works on a new budget under the supervision of an International Monetary Fund (IMF)-supported reform programme. The proposed allocation comes at a crucial time for Islamabad as...
Defence Minister Rajnath Singh on Friday slammed Pakistan Army Chief General Asim Munir for his remarks comparing India and Pakistan’s economies, saying Munir’s statement is a confession rather than mere trolling. Munir had described Pakistan’s economy as “a dump truck full of debris” while India’s economy is like a Ferrari running on a highway. Rajnath...