Islamabad must prepare to respond via better documentation, cleaner institutions and financial credibility KARACHI: The appointment of Vivek Aggarwal as incoming Vice-President of the Financial Action Task Force (FATF) has been read in some quarters as if India has acquired a switch over Pakistan’s financial reputation; that reading is convenient and it is also wrong….
Iranian Parliament Speaker Mohammad Baqer Qalibaf looks on after a press conference with Lebanese Parliament Speaker Nabih Berri, in Beirut, Lebanon, October 12, 2024. REUTERS Iranian parliament speaker and top negotiator Mohammad Bagher Ghalibaf said Iran remains deeply at odds with the US despite the recently signed memorandum of understanding, describing its implementation as “difficult, but possible,” according…
ISLAMABAD: The Supreme Court has ruled that the state’s inherent power to compulsorily acquire private property for a public purpose is not absolute, declaring that courts have a constitutional duty to ensure landowners receive fair compensation that reflects the true value of their property rather than arbitrary or outdated assessments. In a detailed 20-page judgment…
ISLAMABAD: Pakistan’s policymakers routinely lament low investment, weak exports, declining industrial competitiveness and the high cost of doing business. Yet, while governments announce investment facilitation councils, export incentives and industrial support packages, they simultaneously erect new barriers that make economic activity more expensive and less efficient. Among the most neglected examples is the proliferation of…
. At least eight people, including four children, were shot late on the Fourth of July in Brooklyn’s Coney Island, New York, ABC News said on Sunday, citing the New York City Police Department. According to ABC News, officers responded at about 10:37pm to reports of a shooting on the 2900 block of West 31st…
PM Shehbaz directs authorities to conduct transparent investigation, ensure perpetrators are brought to justice A combination picture of President Asif Ali Zardari (L) and Prime Minister Shehbaz Sharif (R). Photo: File Prime Minister Shehbaz Sharif and President Asif Ali Zardari on Monday expressed deep sorrow over the death of Pakistan Air Force Group Captain Asim…
Recent tax reforms announced by the finance minister of Turkiye are a game changer. With collaboration between the current government of President Recep Tayyip Erdogan, opposition political parties, think tanks, and the Istanbul Chamber of Commerce, a tax policy has been introduced to attract high-net-worth individuals and large corporate entities to relocate to Turkiye. The…
Iran staging a week of mass funeral processions for Khamenei, including taking remains to religious sites in Iraq Iranian President Masoud Pezeshkian with officials attend a prayer during a public farewell ceremony in Tehran, July 5. PHOTO: REUTERS Massive crowds gathered, and three sons of slain Iranian leader Ayatollah Ali Khamenei prayed beside his coffin as well as those…
KARACHI: Pakistan received below-average rainfall and experienced slightly warmer-than-normal temperatures during June 2026, the Pakistan Meteorological Department (PMD) said on Sunday. According to the PMD’s monthly climate report, rainfall across the country remained 19 per cent below normal, while average minimum and mean temperatures stayed above seasonal averages. The report said the country recorded an…
Reserves hit record highs but grocery bills keep climbing too; the numbers don’t add up KARACHI: Pakistan’s economic debate is often polarised between two sharply contrasting narratives. One presents a picture of stability and improvement – rising gross national product (GNP), record high foreign exchange reserves, and controlled inflation. The other paints a bleaker reality…