Debt-driven to risk-sharing model

The finance ministry has admitted that “public debt dynamics remained a key challenge” during the last fiscal year, as the increase in total public debt was “driven mainly by higher interest payments and exchange rate movements”. Photo: file ISLAMABAD: Pakistan’s economic debate is often confined to technical discussions – interest rates, fiscal deficits, taxation, and…

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Pakistan dismisses Afghan govt’s claims of civilian killings as ‘set of lies’

Information ministry says only Fitna al Khwarij and Afghan Taliban terrorist infrastructure precisely targeted A Pakistani army tank stands at the Pakistan-Afghanistan border in Chaman on February 27, 2026, following overnight cross-border fighting between the two countries. Photo: AFP The information ministry on Sunday rejected the Afghan government’s claims of over 750 civilian deaths in clashes…

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Auto policy draws flak over import reliance

Industry experts warn CKD imports fuel trade deficit as localisation fails to keep pace The three Japanese carmakers lacked innovation and competitiveness, despite the incentives offered to them in the previous policies, said government officials as they announced the auto policy. PHOTO: FILE KARACHI: In the last two auto policies, the government aimed to increase…

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Bayern comeback stuns Freiburg

Bayern Munich’s Tom Bischof scores their second goal. Photo: REUTERS/FILE BERLIN: Bayern Munich came from two goals down in the last 10 minutes to win 3-2 at Freiburg in the Bundesliga on Saturday, ahead of their Champions League quarter-final first leg at Real Madrid.Trailing 2-0 and without injured talisman Harry Kane, Tom Bischof scored twice…

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The weaponised fool

PUBLISHED June 22, 2025 KARACHI: Not long ago, I stumbled upon an old clip of George W Bush hosting Vladimir Putin at his Texas ranch. Bush, in his usual casual swagger, spoke in awkward metaphors, grinned too often, and seemed unable to put together a sentence without either fumbling or reaching for something vaguely Texan….

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Zahid Mayo: Breaking the canvas

Mayo believes that art can have an impact on people and can help initiate dialogue. Mayo continues to paint on nonconforming surfaces and in atypical surroundings. PHOTO: KARACHI BIENNALE 2017 CATALOGUE When Zahid Mayo was studying at one of the most notable art colleges in the country, the National College of Arts (NCA) Lahore, he…

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How America lost control of the air

PUBLISHED April 05, 2026 This is not the first time the aura of invincibility surrounding America’s stealth-tipped technological edge in military capability has been punctured. In 1999 — less than a decade after its existence, having long circulated as a subject of speculation, had been publicly confirmed over the skies of Iraq — an F-117…

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Afghan Taliban terrorist involved in FC personnel killings arrested in Balochistan

Balochistan Home Minister Zia Langove. PHOTO: INP/FILE QUETTA: Balochistan Interior Minister Mir Ziaullah Langove revealed on Sunday that security forces arrested an Afghan Taliban terrorist allegedly involved in the killing of two Federal Constabulary (FC) personnel. Speaking at a press conference alongside Additional Chief Secretary Hamza Shafqaat and Counter-Terrorism Department Deputy Inspector General of Police (DIG) Aitzaz Goraya,…

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Govt mulls more gas rationing

ISLAMABAD: Pakistan is considering introducing a further reduction in gas supplies to domestic consumers through rationing amid the deepening Middle East war, which has disrupted oil and gas transportation through the region. However, the ministers in a committee constituted to review energy matters opposed any gas rationing plan with the argument that it would result…

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