This past week felt straight out of a geopolitical thriller. As tensions between Pakistan and India escalated, the region held its breath — markets wavered, uncertainty loomed, and whispers of war grew louder. But just as quickly as the situation intensified, a swift and calculated response by the Pakistan Armed Forces, followed by timely diplomatic intervention by the US, brought the crisis to a halt with a ceasefire in place. Meanwhile, in a major financial development, the IMF approved the immediate release of nearly $1 billion to Pakistan under the Extended Fund Facility, brushing aside India’s objections. It also greenlit an additional $1.3 billion under the Resilience and Sustainability Facility (RSF). With stability gradually returning, attention now turns to the much-anticipated national budget 2025-26, set to be unveiled on June 12, 2025.
Here’s your 5-minute recap of all the important news from the past week — everything you need to know to plan ahead.