Pakistan hopes to agree the contours of a new International Monetary Fund loan in May, Finance Minister Muhammad Aurangzeb told Reuters, and has kicked off talks with ratings agencies to lay the groundwork for a return to international debt markets.

The Finance Minister said Pakistan has successfully repaid Eurobond on time. He said the government has initiated discussion with IMF on a larger and extended programme. He also highlighted priority areas of taxation,

Five Japanese nationals in Pakistan escaped unhurt on Friday from a suicide bomb attack on their vehicle as police shot down a gunman accompanying the bomber, a police spokesperson said, but two bystanders were among the three injured.

Five Japanese autoworkers have narrowly escaped an attack by a suicide bomber who detonated his explosive-laden vest near their vehicle in Pakistan's southern port city of Karachi

Police say a suicide bombing in Karachi, Pakistan, targeted a van carrying Japanese autoworkers, who narrowly escaped