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Found 12402 news

  • European luxury brands seek to lure America's super-rich
    Dawn - 11:42 Jun 02, 2026
    European luxury brands have sharpened their focus on the United States, with a surge of store openings and fashion shows to lure a new crop of wealthy shoppers enriched by the AI and tech boom and offset weak consumer confidence in the rest of the world. After two years of contraction, the luxury goods sector was showing signs of stabilisation until the Iran war that began at the end of February, disrupting travel and denting luxury spending far beyond the Middle East. And China, the biggest source of luxury sales growth for two decades, is still struggling to tackle deflation and the lingering impacts of a property crisis, so the sector needs rich Americans more than usual. “The US high-end consumer has been much more resilient than we are seeing elsewhere, especially in Europe,” said Marcus Morris-Eyton, portfolio manager at AllianceBernstein in London, adding that the continued AI rally and healthy wage growth have boosted this cohort of spenders. Luxury brands, such as LVMH, Moncler and Gucci, have been q...
    Tags: European
  • THE UNRAVELLING OF THE AMERICAN EMPIRE
    Dawn - 10:34 Jun 02, 2026
    “My name is Ozymandias, king of kings: Look on my works, ye mighty, and despair! Nothing beside remains. Round the decay Of that colossal wreck, boundless and bare The lone and level sands stretch far away.” — Percy Bysshe Shelley, Ozymandias “I am in blood, Stepped in so far that, should I wade no more, Returning were as tedious as go o’er.” — William Shakespeare, Macbeth PROLOGUE This is and isn’t about America’s illegal war against Iran. It is primarily about hiding an empire in plain sight and now watching it unravel in plain sight. The war against Iran becomes a consequential event in tandem with other structural weaknesses, a fillip of sorts. It reminds one of the Soviet war on Afghanistan. That war, in and of itself, did not bring down the Soviet Leviathan. The process inhered in the very make-up of the Soviet Union. The war just shoved it over the precipice. But let’s get on with our purpose here. In August 2022, then-US President Joe Biden signed the CHIPS and Science Act into law. A $280 billion leg...
  • Federal cabinet approves track and trace system to eliminate counterfeit medicines
    Dawn - 09:21 Jun 02, 2026
    The federal cabinet has approved the nationwide implementation of a Track and Trace system for pharmaceutical products across Pakistan, Minister for Health Mustafa Kamal announced on Tuesday. According to an official handout, the system aims to strengthen public health and safeguard citizens from counterfeit medicines. The cabinet has also approved the necessary amendments to the Drug Labeling and Packing Rules, enabling the introduction of “a modern digital system for tracking and verifying medicines throughout the supply chain”, the statement said. “This decision marks a major and historic step towards eliminating counterfeit, fake and substandard medicines from Pakistan,” said Kamal according to the statement. “For the first time, every medicine in the country will be digitally traceable and verifiable, ensuring greater transparency, safety, and accountability,” he said. The statement noted that under the new regulatory framework, all pharmaceutical manufacturers and importers will be required to place sta...
  • Trump loses his temper with Netanyahu in expletive-laden call on Israel's escalation in Lebanon: report
    Dawn - 08:42 Jun 02, 2026
    United States President Donald Trump lashed out at Israeli Prime Minister Benjamin Netanyahu over the latter’s escalation in Lebanon in an expletive-laden phone call on Monday, according to American news outlet Axios. The report cited two US officials and a third source briefed on the phone call. It said that Trump called Netanyahu “crazy” and accused him of ingratitude, according to two of the sources, and also halted Israel’s plan to strike Beirut. On Monday, Trump said he had spoken to Netanyahu and through unnamed representatives with Hezbollah. Netanyahu agreed to call off a military raid on Beirut while Hezbollah agreed “all shooting will stop,” Trump said on his Truth Social platform. Trump’s comments came after Iran’s news agency Tasnim reported Tehran had suspended dialogue with mediators in protest of Israel’s expanding offensive in Lebanon against Hezbollah. Initially, Trump said he was not aware whether Iran had suspended the talks. He then told CNBC that he did not care if the talks were over. Bu...
  • Pakistan, Italy sign accord to abolish visas for diplomatic passports
    Dawn - 07:36 Jun 02, 2026
    ISLAMABAD: Pakistan and Italy have signed an agreement to abolish visa requirements for holders of diplomatic passports. Pakistan’s Ambassador to Italy Ali Javed and Italian Foreign Affairs Secretary General Ambassador Riccardo Guariglia signed the accord at a ceremony hosted at the Italian Ministry of Foreign Affairs in Rome, according to an official handout. Ahead of the signing, the two diplomats held one-on-one talks and reviewed the full spectrum of bilateral engagement and cooperation at multilateral platforms including the United Nations and European Union. Both sides expressed satisfaction with the “substance, intensity and soaring trajectory” of their strategic cooperation, the statement said. The agreement, they said, would facilitate smooth exchanges of diplomatic delegations and strengthen bilateral engagement. Officials termed the accord a reflection of mutual trust and friendship and an “excellent addition” to existing mechanisms for cooperation, it added. Pakistan and Italy already have 15 gove...
  • 6 children killed in roof collapse in KP's Shangla
    Dawn - 06:05 Jun 02, 2026
    SHANGLA: Six children from the same family were killed and another was injured when the roof of a mud house collapsed in Shangla district’s Alpuri tehsil, Rescue 1122 said on Tuesday. Rescue 1122 Shangla Spokesperson Rasool Khan Sharif told Dawn that seven children were buried under the debris when the roof of the house collapsed early morning in Rahimabad Bassi area. He said the rescue team responded immediately to the emergency call, began the operation, and recovered the bodies within an hour. According to Rescue 1122, all of the children were sleeping when the incident occurred. Six of them died, while the condition of the injured child was also critical. The deceased were identified as 14-year-old Nazira Bibi, 13-year-old Samira Bibi, five-year-old Rizwanullah, seven-year-old Nayab, five-year-old Haya Noor, and 12-year-old Umaira, while the injured was identified as 11-year-old Marwa. Last month, three children were killed, and a couple was seriously injured after the roof of a house collapsed in the Pra...
    Tags: Shangla
  • India, US close to signing first phase of trade deal: Indian minister
    Dawn - 05:51 Jun 02, 2026
    India and the United States are “about 99 per cent” done with the first tranche of a trade deal, the commerce minister said, as a US delegation began talks in New Delhi on Tuesday. The delegation, led by Assistant US Trade Representative for South and Central Asia Brendan Lynch, is holding three days of talks with Indian trade officials, as the two sides seek to close negotiations. “About 99 per cent of the issues have been settled,” Indian commerce minister Piyush Goyal told reporters in Delhi late on Monday. The two countries reached an initial understanding for the trade deal in February, but negotiations slowed after President Donald Trump’s sweeping tariff measures were struck down by the US Supreme Court. After the court order, the Trump administration launched investigations into unfair trade practices against several countries, including India, while imposing a blanket 10pc tariff. Goyal said negotiators were examining how recent legal changes in the United States should be reflected in the final text...
  • Russian drones, missiles strike Ukraine in major attack; 10 dead, dozens wounded
    Dawn - 05:36 Jun 02, 2026
    An explosion over the city during a Russian missile and drone strike, amid Russia’s attack on Ukraine, in Kyiv, Ukraine June 2, 2026. —ReutersRussian drones and missiles pounded Ukrainian cities such as Kyiv and Dnipro early on Tuesday, killing at least 10 people and wounding about 100, authorities said, following days of warnings about Moscow’s plans for a major assault. Russia has targeted Ukraine’s power supply and infrastructure in a war now more than four years old, while Ukraine has stepped up attacks this year on Russian oil facilities. Both deny targeting civilians. Last week, the Kremlin warned that it intended “systematic strikes” on targets in Kyiv in response to a drone attack on a dormitory in Ukraine’s Russian-held region of Luhansk, which killed 21. Ukraine denied the attack. Photographs showed large explosions and plumes of smoke billowing over high-rise buildings in Kyiv, where overnight strikes killed four people and wounded 58, including children, according to the capital’s mayor, Vitali Klitschko. An explosion over the city during a Russian missile and drone strike, amid Russia’s attack on Ukraine, in Kyiv, Ukraine June 2, 2026....
  • 'The bridge between confrontation and peace': Pakistan calls for stronger mediation efforts to prevent conflicts
    Dawn - 03:59 Jun 02, 2026
    UNITED NATIONS: Pakistan on Monday renewed its call for restraint, de-escalation and a return to diplomacy in the ongoing Middle East crisis, saying that dialogue and mediation remain the only sustainable path to resolving conflicts. Addressing the UN General Assembly during a debate on strengthening mediation in conflict prevention and resolution, Pakistan’s Permanent Representative to the United Nations, Ambassador Asim Iftikhar Ahmad, said Islamabad had consistently advocated diplomacy in the recent tensions involving Iran and the United States. “As a friendly neighbour of Iran, a brotherly partner of the Gulf countries, and a country with longstanding ties of amity with the United States, Pakistan continues to make sincere efforts to facilitate a durable solution for regional and global peace and stability,” he said. The Pakistani envoy used the occasion to press for a stronger role for mediation and preventive diplomacy in addressing international disputes before they escalate into crises. “Conflicts are...
    Tags: Pakistan
  • Militant violence surged 27pc in May: PICSS
    Dawn - 03:11 Jun 02, 2026
    • Country records 128 attacks in May, compared to 101 in April • Civilian deaths up by 92pc; casualties of security personnel increase by 143pc • Six suicide attacks witnessed, compared with one each in March and April • Balochistan emerges as worst-affected province once again ISLAMABAD: After two consecutive months of improvement, Pakistan’s security situation deteriorated sharply in May 2026, driven primarily by escalating terrorist violence in Khyber Pakhtunkhwa and Balochistan, according to the monthly security assessment released by the Pakistan Institute for Conflict and Security Studies (PICSS). The latest findings by PICSS suggest that militant and terror groups regained momentum during May after a brief period of relative decline, particularly in KP and Balochistan. The sharp increase in attacks, casualties, suicide bombings and kidnappings indicates that security challenges remain acute despite sustained counterterrorism efforts by the state. According to the report, the country witnessed 128 terro...
    Tags: PICSS
  • Achakzai booked for ‘spreading hatred’
    Dawn - 03:03 Jun 02, 2026
    QUETTA: Police have registered a case against Opposition Leader in the National Assembly and PkMAP Chairman Mehmood Khan Achakzai, on charges of allegedly spreading hatred against state institutions and criticising the present government while addressing a public gathering. Other party leaders have also been named in the FIR. The charges relate to an allegedly provocative speech made against state institutions. The action was taken following a written complaint submitted by Abdul Wali Khan, son of Abdul Ghaffar Khan, a member of the Shinzai tribe and a resident of Gulistan Kari. According to the FIR registered at Gulistan Police Station, the complainant stated that, during a public meeting, Achakzai allegedly said that law and order in Balochistan continued to deteriorate and that the current government had completely failed to provide security to the public. He allegedly described the government as a “Form-47 fake government” and proposed the formation of an alternative force by recruiting people from variou...
    Tags: Achakzai
  • Father can’t escape child support duties, LHC judge rules
    Dawn - 02:51 Jun 02, 2026
    LAHORE: The Lahore High Court has ruled that a father cannot escape his continuing legal, moral and religious obligation to maintain his minor child through a private settlement, holding that a minor’s right to maintenance cannot be permanently waived or extinguished. Justice Mohsin Akhtar Kayani dismissed a petition filed by Akhtar Hussain Awan against concurrent judgements of family and appellate courts. Those earlier judgements allowed a maintenance claim filed by a minor, Naseer Akhtar Awan, through his mother, Sadia Awan. The petitioner argued that an earlier maintenance suit was settled through a 2007 compromise, under which Rs60,000 was paid and parties agreed not to raise future claims. He contended a subsequent 2019 suit was barred by limitation and the principles of res judicata, a legal doctrine preventing a matter from being judged twice. Justice Kayani cites Islamic teachings to invalidate any private contracts waiving child maintenance Rejecting the contention, Justice Kayani ruled that agreemen...
  • BUDGET 2026-27: IMF-mandated curbs squeeze development spending
    Dawn - 02:46 Jun 02, 2026
    • Only Rs1.13tr allocated to PSDP against Rs4.1tr requirement; minister terms shortfall ‘new circular debt crisis’ • Record Rs4.715tr development plan unveiled • APCC resolves to divert resources to ongoing projects ISLAMABAD: Under tight International Monetary Fund (IMF) oversight, the government has trimmed allocations for most sectors in the next federal development programme to create additional fiscal space for the PML-N’s trademark national highways, a new Rs87 billion share for coalition partners and a Rs70bn allocation for ruling party lawmakers’ schemes. Yet, the Annual Plan Coordination Committee, led by Planning and Development Minister Ahsan Iqbal, on Monday unveiled a record national development programme of Rs4.715 trillion, made possible by an unprecedented 27pc hike in development allocations by state-owned entities and a 10pc rise in provincial allocations to an all-time high of Rs3.138tr. The overall Rs4.715tr deve­l­opment portfolio comprises the largest share of provincial annual developme...
  • PML-N supremo Nawaz Sharif to visit Gilgit-Baltistan ahead of June 7 polls
    Dawn - 18:30 Jun 01, 2026
    LAHORE: Former prime minister and PML-N supremo Nawaz Sharif will visit Gilgit-Baltistan on Tuesday to meet party ticket holders ahead of the June 7 elections. The GB Election Commission had announced that general elections in the region would be held on June 7 after a four-month delay. On Monday, Punjab Senior Provincial Minister Maryam Aurangzeb said on X that the PML-N president will visit GB on Tuesday for a one-day visit. During the visit, he will meet party leaders and ticket-holders. “He will also discuss the upcoming elections in Gilgit-Baltistan and matters related to the development and welfare of the people of the region,” she said. Nawaz has not been active in politics since the February 2024 general elections. However, he is serving as head of the Lahore Authority for Heritage Revival. The former prime minister often presides over its meetings and oversees measures for the protection of the city’s heritage. The PML-N supremo also acts as a political mentor to his daughter and Punjab Chief Ministe...
  • 'In everybody’s interest': EU's top diplomat says bloc seeks stability in region
    Dawn - 18:00 Jun 01, 2026
    European Union (EU) top diplomat Kaja Kallas on Monday said the bloc sought stability in the region, adding that it was in everyone’s interest for the ongoing war in the Middle East to end and for the Strait of Hormuz to remain open. Kallas, who serves as vice-president of the European Commission and the EU high representative for foreign affairs and security policy, is visiting Pakistan at the invitation of Deputy Prime Minister and Foreign Minister Ishaq Dar to participate in the 8th round of the EU-Pakistan Strategic Dialogue, which was held earlier today. In an interview on the Geo News programme ‘Capital Talk’, Kallas said, “This is in everybody’s interest that this war is stopped and the Strait of Hormuz is opened. We are paying a very high price. There are a lot of things dependent on the Strait of Hormuz.” During the appearance on the show, she commended Pakistan for being a mediator between the United States and Iran, bringing all the parties together, adding that, “Eventually, the [warring] parties ...
  • PM Shehbaz assures businessmen, industrialists of measures to boost industrial growth in upcoming budget
    Dawn - 17:00 Jun 01, 2026
    ISLAMABAD: Prime Minister Shehbaz Sharif on Monday assured businessmen and industrialists that measures were being taken to make the forthcoming federal budget conducive to industrial growth and production. The government is expected to approve a consolidated national development programme of over Rs3.5 trillion and a macroeconomic framework envisaging economic growth of 4.1pc and inflation of 8.5pc for FY2026–27. The premier made these remarks while meeting presidents of chambers of commerce and industries to seek their suggestions for the 2026-27 federal budget, scheduled to be announced on June 5. During the meeting, PM Shehbaz directed the Federal Board of Revenue (FBR) to dispose of all pending cases of tax refunds by June 15. He further ordered moving the headquarters of Pakistan Revenue Automation Limited (PRAL) to Karachi, in order to enhance exports and facilitate the business community and exporters. The establishment of an office of the Immigration and Passport Department in Gujrat was also ordered...
    Tags: Shehbaz
  • ECP directs interior ministry, Islamabad commissioner to provide pending delimitation documents in 3 days
    Dawn - 16:23 Jun 01, 2026
    ISLAMABAD: The Election Commission of Pakistan (ECP) on Monday directed the Ministry of Interior and the Islamabad chief commissioner to provide pending documents for the delimitation of the capital’s local government within three days, warning that a 10-day deadline had already lapsed. The letter, seen by Dawn, was addressed to the secretary of the Ministry of Interior and the Islamabad chief commissioner. It was marked “IMMEDIATE” and issued under the signatures of Additional Director General (Local Government Elections) Chaudhry Nadeem Qasim, referring to a Commission meeting held on May 13, 2026, and stating that the required documents for delimitation and holding local government elections in the ICT were still awaited. The ECP has sought three sets of information: notification of the limits of town corporations, notification of the number of union councils in each town corporation, and authenticated and updated maps showing census charges, circles and blocks. The letter noted that a 10-day deadline earl...
  • Seven missing after tourist jeep falls into ravine en route to GB’s Fairy Meadows
    Dawn - 16:04 Jun 01, 2026
    GILGIT: Seven people went missing after a tourist jeep on its way to Fairy Meadows in the Diamer district of Gilgit-Baltistan fell into a ravine and was swept away in Tattu Nullah on Monday. According to the spokesperson for the GB police, the accident occurred at around 3pm on Tattu Raikot Road. According to initial reports, all six tourists in the vehicle, as well as its driver, are still missing. The spokesperson said that two tourists in the jeep were from Khyber Pakhtunkhwa and four from Punjab. The driver was identified as a resident of Diamer’s Dareel area. The spokesperson added that police and rescue teams were present at the scene and a rescue operation was underway to search for the missing persons. Fatal accidents are common on roads in the mountainous regions of the country due to traffic rule violations, treacherous terrain and poor infrastructure. Last month, a tragic road accident in Neelum Valley claimed the lives of four people, including two women, and left two others injured after a passen...
  • PM reaffirms EU ties, thanks Kallas for support for Gulf peace efforts
    Dawn - 16:02 Jun 01, 2026
    Prime Minister Shehbaz Sharif on Monday met the European Union’s (EU) top diplomat, Kaja Kallas, at the PM House, where he reaffirmed Pakistan’s commitment to cooperation with the EU and thanked EU leadership for its strong support for Pakistan’s peace efforts in the Gulf region. Kallas, who serves as vice-president of the Euro­pean Commission and the EU high representative for foreign affairs and security policy (HR/VP), is visiting Pakistan at the invitation of Deputy Prime Minister and Foreign Minister Ishaq Dar. According to a statement by the Prime Minister’s Office (PMO), the premier said that Pakistan was keen to further strengthen its multifaceted partnership with the EU. Deputy Prime Minister and Foreign Minister Ishaq Dar, Law Minister Azam Nazeer Tarar, Attorney General of Pakistan (AGP) Mansoor Usman Awan, Special Assistant to the Prime Minister (SAPM) Tariq Fatemi and other senior officials were also present, the statement said. PM Shehbaz expressed satisfaction at the 8th round of the EU-Pakista...
  • Survey finds generational gap in attitudes to AI romance
    Dawn - 14:24 Jun 01, 2026
    Almost 50 per cent of young adults in six major economies think AI romantic companionship will improve human happiness through emotional support in the next decade, the results of a large survey suggested on Monday. The percentage dropped progressively across older age categories to just a quarter of people aged 55 and over, according to the research shared exclusively with AFP. Leaps in AI development have seen people turn to chatbots as confidants and lovers, while advancements in robotics are helping produce more sophisticated sex dolls — raising questions over the impact on human relationships. The survey of nearly 10,000 people across the United States, Japan, Germany, Britain, Indonesia and Hong Kong provides a snapshot of this “rapidly changing moral landscape”, pollsters YouGov said. It also shows “a profound ideological split between Western and Asian markets”, with the latter seemingly more accepting of technologically enabled sex and romance. In terms of emotional support, 48pc of all respondents a...

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