Cheap labour export is not a wise strategy

Sindh government announces publich holiday of May 1. PHOTO: TRIBUNE KARACHI: The fiscal year closed with a current account deficit of $139 million. Although meagre, it marks a reversal from the previous year’s surplus of $1.838 billion. According to State Bank of Pakistan statistics, the current account was cushioned by a $3.3 billion increase in…

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Why Pakistan’s inflation is worse than China’s

ISLAMABAD: Every time the State Bank of Pakistan (SBP) lets money supply grow drastically by issuing bonds or by injecting rupees on account of remittances, we expect inflation in a while. But when the People’s Bank of China does something similar, no one in Beijing worries about inflation. For perspective, in 2026, Pakistan’s headline inflation…

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Pakistan warns India against ‘adventurism,’ condemns Indian minister’s Kashmir remarks

FO says comments sought to undermine internationally recognised facts; undermine peace and security Pakistan on Monday warned that India “must not underestimate the people and Government of Pakistan’s unwavering resolve and determination to thwart any Indian adventurism,” saying comments by the Indian defence minister on the Jammu and Kashmir dispute distorted internationally recognized facts and…

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Kashmiris to decide Kashmir’s fate: Sharjeel

Senior Sindh Minister Sharjeel Memon speaking at a press conference in Karachi. PHOTO: HANDOUT KARACHI: Sindh Senior Minister Sharjeel Inam Memon, said on Sunday that the people of Kashmir alone have the right to decide the fate of Kashmir. Addressing a press conference in Mirpur, Azad Kashmir, Memon said that certain individuals had insulted the…

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Ten more die as monsoon death toll tops 100

A farmer swims while using an empty canister through a flooded area near Qasim Bela village on the outskirts of Multan. Photo: REUTERS GILGIT/ LAHORE: The nationwide death toll from this year’s monsoon rains has climbed above 100 after 10 more people lost their lives in Punjab and Khyber-Pakhtunkhwa (K-P) over the past 24 hours,…

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On-leave FC soldier martyred in Lakki

. PESHAWAR:  A Frontier Corps (FC) soldier was martyred after terrorists opened fire on him in the Shah Hasan Khel area of Lakki Marwat on Sunday, police said. The martyred soldier was identified as Bilqiaz, son of Mumtaz, a resident of Masti Khel. He was on leave at his native village when the attack took…

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Ugandan diplomat joins race for top UN post

. Logo of the United Nations seen on a building of the global organisation.PHOTO: AFP UNNAO, INDIA: Veteran Ugandan diplomat Olara Otunnu has entered the race to become the next United Nations secretary-general, becoming the seventh candidate seeking to succeed Antonio Guterres when his second five-year term ends later this year. Uganda formally nominated Otunnu…

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