Tuesday, May 12

PAKISTAN NEWS

Finance Minister Meets Shohei Hara, Senior Vice President JICA, on Development Cooperation
17Apr By The Pakistan TimesNo Comments
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Finance Minister Meets Shohei Hara, Senior Vice President JICA, on Development Cooperation

Washington, D.C. - April 17, 2026(Kamran Raja):Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, held a productive meeting with Mr. Shohei Hara, Senior Vice President of the Japan International Cooperation Agency (JICA), on the sidelines of the World Bank–IMF Spring Meetings in Washington, D.C.The Finance Minister welcomed JICA’s resumption of its lending portfolio with Pakistan after a prolonged pause and appreciated the identification of a water supply scheme in Faisalabad, Punjab, as the first project under the resumed Yen loan portfolio. He noted that the grants programme is progressing well, with previously long-standing bottlenecks having been largely resolved in coordination with the Pakistani side.The Finance Minister expressed concern that Pakistan’s ne...
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Finance Minister Meets Baroness Jenny Chapman of Darlington on Macroeconomic Outlook and Development Cooperation
17Apr By The Pakistan TimesNo Comments
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Finance Minister Meets Baroness Jenny Chapman of Darlington on Macroeconomic Outlook and Development Cooperation

Washington, D.C. - April 17, 2026(Kamran Raja):Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, held an important meeting with Jenny Chapman, Baroness Chapman of Darlington, Minister for International Development and Africa, United Kingdom, on the sidelines of the World Bank–IMF Spring Meetings in Washington, D.C.At the outset, the Finance Minister reaffirmed Pakistan’s longstanding relationship with the United Kingdom. On the macroeconomic front, he highlighted that Pakistan has achieved a current account surplus for the first nine months of the fiscal year and reiterated the Government’s firm commitment to meeting all fiscal targets by the end of June. He also acknowledged the external support received from the Kingdom of Saudi Arabia.The Finance Minister not...
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Senate Sub-Committee Reviews Governance Framework, Petroleum Supply Situation
16Apr By The Pakistan TimesNo Comments
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Senate Sub-Committee Reviews Governance Framework, Petroleum Supply Situation

Islamabad , 16 April 2026(Kamran Raja):A meeting of the Sub-Committee of the Senate Standing Committee on Petroleum was held at Parliament Lodges under the convenership of Senator Manzoor Ahmad Kakar. The meeting was attended by Committee Member Senator Rana Mahmood ul Hassan, senior officials from the Ministry of Energy, and other relevant stakeholders.The Sub-Committee conducted a comprehensive review of the legal and regulatory framework governing board appointments in public and semi-public entities. These included major organizations such as Pakistan Petroleum Limited, Oil and Gas Development Company Limited, Pakistan State Oil Company Limited, Sui Southern Gas Company Limited, Sui Northern Gas Pipelines Limited, and Pak-Arab Refinery Limited, among others.During the briefing,...
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Minister of State for Finance and Railways Meets Presidents of Anjuman-e-Tajiran Sialkot and Gujranwala
16Apr By The Pakistan TimesNo Comments
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Minister of State for Finance and Railways Meets Presidents of Anjuman-e-Tajiran Sialkot and Gujranwala

Islamabad 16 April 2026(Kamran Raja):Minister of State for Finance and Railways, Bilal Azhar Kayani, held a meeting with representatives of the business community, led by Haji Mehr Ghulam Mujtaba, President Central Anjuman-e-Tajiran Sialkot, and Sheikh Fazal ur Rehman Babar Khuran, President Anjuman-e-Tajiran Gujranwala, at the Finance Division to discuss matters related to the forthcoming federal budget and taxation reforms. This meeting is part of larger reach out exercise to traders being conducted by Ministry of Finance, Tax Policy Office and FBR.Welcoming the participants, the Minister acknowledged the pivotal role of Sialkot and Gujranwala in Pakistan’s export economy and industrial output, and underscored that the primary objective of the engagement was to obtain practical and c...
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NA Speaker Ayaz Sadiq Felicitates Pakistan Navy on Successful Anti-Ship Missile Test
16Apr By The Pakistan TimesNo Comments
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NA Speaker Ayaz Sadiq Felicitates Pakistan Navy on Successful Anti-Ship Missile Test

Islamabad,16 April 2026(Kamran Raja):Speaker of the National Assembly Sardar Ayaz Sadiq has congratulated the engineers and officers of the Pakistan Navyon the successful test of an anti-ship missile. In his statement, the Speaker lauded the outstanding performance and professional excellence of the Navy personnel, calling the successful test a matter of pride for the entire nation. He said that the achievement reflects Pakistan’s growing defense self-reliance and technological advancement. Sardar Ayaz Sadiq emphasized that the successful missile test has further enhanced the operational capabilities of the Pakistan Navy, adding that the armed forces remain committed to making the country’s defense impregnable. He noted that the nation takes pride in the capabilities of its armed forces...
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Pakistan Navy Successfully Conducts Live Firing of Indigenously Developed Ship-Launched Anti-Ship Missile
16Apr By The Pakistan TimesNo Comments
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Pakistan Navy Successfully Conducts Live Firing of Indigenously Developed Ship-Launched Anti-Ship Missile

Rawalpindi, 16 April 2026(Kamran Raja): In a resolute display of operational preparedness and precision-strike capability, Pakistan Navy successfully conducted a Live Weapon Firing of an indigenously developed ship-launched anti-ship missile, accurately engaging its target with high speed at extended range. Chief of the Naval Staff, Admiral Naveed Ashraf, NI, NI (M), T Bt, along with leading scientists and engineers, witnessed the missile firing. The missile incorporates a cutting-edge guidance system and advanced maneuverability features, enabling it to evade threats, adapt to dynamic operational environments, and deliver with exceptional precision and lethality. The successful launch highlights the synergy between technological innovation and operational expertise within Pakistan’s defen...
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Finance Minister Highlights Policy Response to Global Shocks at IMF MENAP Meeting
15Apr By The Pakistan TimesNo Comments
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Finance Minister Highlights Policy Response to Global Shocks at IMF MENAP Meeting

    Washington, D.C. April 15, 2026(Kamran Raja): Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, participated in a meeting convened by the Managing Director of the International Monetary Fund (IMF) with Finance Ministers, Central Bank Governors, and heads of regional financial institutions from the Middle East, North Africa, Afghanistan, and Pakistan (MENAP) region, on the sidelines of the World Bank–IMF Spring Meetings 2026.In his intervention, the Finance Minister characterized the ongoing crisis in the Middle East as one of the most significant supply shocks in recent history. He outlined the immediate measures undertaken by the Government of Pakistan to address its first-order effects, including adjustments in procurement...
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President reviews water situation, calls for declared and transparent load shedding
15Apr By The Pakistan TimesNo Comments
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President reviews water situation, calls for declared and transparent load shedding

Islamabad, 15 April 2026(Kamran Raja):President Asif Ali Zardari chaired a meeting on water resources management at Aiwan-e-Sadr today.The meeting reviewed issues related to water availability, governance and regional developments affecting Pakistan’s water security.The President expressed concern over the weaponisation of water by India by suspending the Indus Waters Treaty. He noted that the attempt to use water as a political tool is a matter of serious consequence. He emphasised the importance of safeguarding Pakistan’s water rights and ensuring that all necessary diplomatic and legal measures are pursued.Addressing the issue of energy shortfalls linked to the regional situation, the President directed that all possible efforts be made to minimise load shedding across the c...
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Chairperson BISP Senator Rubina Khalid Meets Deputy Governor State Bank of Pakistan Saleemullah in Karachi
15Apr By The Pakistan TimesNo Comments
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Chairperson BISP Senator Rubina Khalid Meets Deputy Governor State Bank of Pakistan Saleemullah in Karachi

April 15, 2026, Karachi(Kamran Raja):Chairperson Benazir Income Support Programme (BISP), Senator Rubina Khalid, met with Deputy Governor of the State Bank of Pakistan, Saleemullah, in Karachi today. The meeting focused on enhancing the effectiveness, transparency, and ease of the payment system for BISP beneficiaries. Detailed discussions were held on introducing interoperability in the payment mechanism to allow beneficiary women the flexibility to choose any bank according to their convenience.*Other important matters related to facilitating beneficiaries were also discussed during the meeting. Both sides agreed on further improving the payment system to make it more transparent, secure, and accessible. The State Bank team assured full cooperation with BISP and emphasized that joint...
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Pakistan, Italy, Denmark Agree to Strengthen Trade and Investment Cooperation
15Apr By The Pakistan TimesNo Comments
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Pakistan, Italy, Denmark Agree to Strengthen Trade and Investment Cooperation

Islamabad,15 April 2026(Kamran Raja):The Ambassador of Italy to Pakistan, Marilina Armellin, and the Ambassador of Denmark to Pakistan, Maja Mortensen, called on the Federal Minister for Commerce, Jam Kamal Khan, at his office to discuss avenues for enhancing bilateral trade, investment, and economic cooperation.During the meeting, the Minister highlighted Pakistan’s role as a responsible global partner, emphasizing its efforts in promoting dialogue and de-escalation in times of geopolitical tensions. He noted that recent global developments, particularly disruptions in key maritime routes such as the Strait of Hormuz, have significantly impacted global supply chains, including energy, food, medicines, and industrial inputs. These challenges, he stated, underline the importance of dive...
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