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Pakistan’s trade deficit surged to $39.47 billion in FY26, the highest in four years, highlighting the country’s deep structural dependence on imported energy. The petroleum group import bill alone reached $16.86bn, up from $15.94bn a year earlier, while crude oil imports jumped 32.1 per cent to $7.17bn. These figures underscore the urgent need to shift from imported fossil fuels to affordable green energy. Middle East conflicts and flawed energy policy have repeatedly forced Pakistan into last-minute purchases of oil and LNG at elevated spot prices. Rising shipping, insurance and geopolitical risk premiums have further inflated the country’s import bill, making energy the single largest contributor to the external imbalance. Pakistan cannot continue responding to every external shock with import contractions. The sustainable solution is to permanently reduce dependence on imported fuel by accelerating investment in solar power, battery storage and electric mobility. The government should immediately announce...
IN THE picturesque valley of Golen, located over 20km northeast of Chitral city, summer once unfolded in all its resplendence. Visitors from across the district would flock to Golen during the warmer months to enjoy its cool mountain air, try their hand at trout fishing, and marvel at its lush green meadows. Yet, in recent years, that once-bountiful summer has become a source of anxiety for Golen natives. The cause lies in the glaciers, those primordial agglomerations of ice that had stood sentinel over the valley for centuries, which are now melting at an alarming rate and forming large, unstable lakes in their wake. On the evening of July 7, 2019, one such glacial lake burst its banks and ravaged the valley, destroying homes and orchards, damaging the headworks of the 108MW Golen Gol hydropower project, plunging the district into darkness for several days. The very next year, Golen experienced another glacial lake outburst flood (Glof). With over 80 potentially dangerous glacial lakes dotting the region, co...
A CHILD holds a placard during a gathering in solidarity with the Cockroach Janta Party in Mumbai.—AFP • Indian PM posts video promising remedial steps amid growing youth anger • Experts say social media-driven activism signals changing political trends NEW DELHI: Nearly five weeks after the leaders of India’s youth Cockroach Janta Party (CJP) began their protest demanding the resignation of the education minister over exam paper leaks, Prime Minister Narendra Modi, 75, posted a rare selfie video: he said he was pained by their suffering and promised remedial steps The video, posted late on Thursday on Instagram, where CJP amassed 22 million mainly Gen Z followers in a matter of days in May, was not enough to satisfy the thousands of protesters who had gathered in central Delhi, braved a massive police crackdown days earlier, and then inspired protests across the country. On Saturday, the education minister stepped down, meeting the protesters’ main demand, in a rare such setback for Modi. The resignation...12392 items