U.S. Treasury Secretary Scott Bessent met with Pakistan Finance Minister Muhammad Aurangzeb in Washington, D.C., on Tuesday, July 21, 2026, to discuss ongoing economic reforms and market access. According to a U.S. Treasury statement issued Wednesday, Bessent welcomed Islamabad’s push to implement fiscal consolidation and prepare for a return to international capital markets, though the … Read more
Pakistan has officially urged all parties to maintain their commitments under the Islamabad Memorandum of Understanding, following a declaration by U.S. President Donald Trump that the interim agreement with Iran is “over.” The 14-point deal, established last month, was designed to halt the war and open the Strait of Hormuz. Did You Know? The 14-point … Read more
The Pakistani government proposed an 18.77 trillion rupee ($67.49 billion) national budget on June 12, 2026, prioritizing an 18% increase in defense spending while tightening federal development expenditure to 1 trillion rupees. Finance Minister Muhammad Aurangzeb stated the budget aims to secure the nation’s defense amid regional uncertainty while maintaining a $7 billion International Monetary … Read more
At least 11 people have been killed and over 70 injured in clashes between security forces and protesters in Pakistan-administered Kashmir. The violence occurred ahead of a planned protest in the region, which has long been a flashpoint near the border with India. Authorities have arrested 30 individuals following the incident, which involved the use … Read more