Pakistan

The State Bank of Pakistan (SBP) has signed an agreement with the International Finance Corporation (IFC) — a member of the World Bank Group — to strengthen local currency financing and support private sector growth in Pakistan, according to a press release issued on Monday. According to the World Bank, borrowing in foreign currencies exposes clients to the risk that debt and debt service payments (as measured in local currency) increase when the local currency depreciates. However, by converting to local currency, clients are able to address that risk. The statement released by the central bank today said that the agreement, signed under the International Swaps and Derivatives Association (ISDA) framework, would enable the IFC to “manage currency risks more effectively” and increase its investments in Pakistani rupees. “This is an important step towards unlocking financing for critical sectors of the economy and creating jobs across the country,” the SBP statement said. It also quoted SBP Governor Jameel Ahm...

AWARENESS, action, the required funding for the said action, implementation, and, finally, the results of the said action — these are all very different things. A case in point is the air pollution in Pakistan. The air we breathe has been foul for decades. Among the earliest measurements of air pollution in Pakistan was a study conducted in Lahore in 1978, cited in the International Journal of Advances in Sustainable Development. The metric used was Suspended Particulate Matter (SPM), a broader measure that predates today’s more precise focus on particulate matter. The study recorded an average SPM concentration of 332μg/m³ in Lahore’s commercial core — an extremely high level of particle pollution by any standard. And, yet, it is only in recent years that the idea of combatting the noxious air we all breathe has come into focus. For many of us, growing up, the extent of our knowledge was limited to ‘plant more trees’. So, what exactly is wrong with the air we breathe? Before financing questions can be addres...

Punjab Chief Minister Maryam Nawaz Sharif on Monday reaffirmed her government’s commitment to self-reliance and dignity while addressing a ceremony in Okara to distribute flood relief cards among victims.

Canva, one of the world’s leading graphic design platforms, experienced a massive service outage on Monday, October 20, leaving hundreds of users worldwide unable to access the application.

Pakistan has approved a revised barter trade framework to facilitate smoother trade with Afghanistan, Iran, and Russia, expanding the scope of goods exchange under more flexible terms.

The Islamabad High Court (IHC) on Monday gave police a three-day ultimatum to recover the deputy director of the National Cyber Crime Investigation Agency (NCCIA), who was allegedly abducted earlier this month. The court issued the directives while presiding over the hearing of a plea filed by Rozina Usman for the recovery of her husband Muhammad Usman, who she has alleged was taken away by four armed individuals on October 14. IHC Justice Muhammad Azam Khan heard the petition while Advocate Raja Rizwan Abbasi appeared in court on behalf of the wife. During the hearing, the court directed that if police failed to recover the official within three days, the NCCIA central director and the Islamabad inspector general should appear in court in person. Meanwhile, Abbasi told the court that he was unaware of the whereabouts of his client. “I don’t know where the petitioner is; I fear she may have also been abducted,” Abbasi told the court. He added that the petitioner had called him saying she was being pressured t...

The Anti-Terrorism Court (ATC) in Islamabad has issued non-bailable arrest warrants for PTI leaders Omar Ayub, Zartaj Gul, Zain Qureshi, and Ali Bukhari in connection with cases related to the party’s Sangjani rally.

This article was originally published on January 12, 2025. The present Pakistan’s targeted strikes on December 4, 2024 on the training camps of the self-styled Tehreek-i-Taliban Pakistan (TTP) in the Birmal area of eastern Paktika province of Afghanistan have brought Afghanistan’s irredentist policy out in the open. The strikes came after a string of terrorist attacks by the TTP on Pakistan’s security forces. The TTP, an internationally designated terrorist group, is hosted by the self-declared Afghan Interim Government on Afghanistan’s soil. The AIG — described herein as the Tehreek-i-Taliban Afghanistan (TTA) — has, despite multiple requests and démarches by Pakistan, refused to rein in the TTP. The TTA’s strategy has been to alternately dismiss (a) Pakistan’s position that the TTP is using Afghanistan’s soil to mount attacks inside Pakistan, (b) claim that this is Pakistan’s internal affair and (c) ask Pakistan to talk to the TTP bilaterally. TTA’s position is bogus on all counts but it is well thought-out...

President Asif Ali Zardari and Prime Minister Shehbaz Sharif both extended greetings to the Hindu community in Pakistan to mark Diwali on Monday and reiterated their commitment to minority rights. Diwali is a colourful festival involving lighting candles, worship, celebrations and prayers. It is celebrated to mark the day when Lord Rama returned home after his 14-year exile. It is a five-day festival and during this time, houses are cleaned and windows are opened to welcome Lakshmi, the goddess of wealth. According to Radio Pakistan, the president said that the festival of Diwali “reminds us of the triumph of light over darkness and good over evil”. He noted that the Constitution guaranteed equal rights and complete freedom of religion to all citizens. “Quaid-i-Azam Muhammad Ali Jinnah envisioned a Pakistan where minorities would enjoy equal rights and opportunities,” he added. Zardari also lauded the services of Hindu community in education, commerce, and public service. In his message, Prime Minister Shehba...

Pakistan and Afghanistan have reached a ceasefire agreement aimed at ending cross-border terrorism, Defence Minister Khawaja Asif announced in an interview with Al Jazeera Arabia.

Prime Minister Muhammad Shehbaz Sharif has directed the Power Division to prepare a comprehensive reform package aimed at ensuring the efficient use of electricity to boost industrial and agricultural productivity across the country.

Two terrorists belonging to the outlawed group “Fitna-ul-Khawarij” were killed in a joint intelligence-based operation carried out by Swabi Police and the Counter Terrorism Department (CTD) in the Manei Ajmeer mountain area.

There was anger on Monday in Israel after police banned the Israeli Premier League’s Tel Aviv derby amid chaotic scenes, triggering complaints from the clubs and political opposition. The crowd trouble at Sunday’s abandoned match between Maccabi Tel Aviv and Hapoel Tel Aviv comes amid tensions over a ban preventing Israeli fans from attending an upcoming Europa League away game against English side Aston Villa. The match in Tel Aviv was called off after what a police spokesman described as “disorderly conduct, riots, the hurling of objects, smoke grenades, fireworks, injured officers and damage to the stadium infrastructure”. Speaking to public broadcaster KAN, he said: “This is not a soccer game: this is severe disorder and violence.” After the police order, the Bloomfield Stadium, the home ground for both teams, was evacuated, with police on horseback intervening to control the 30,000 fans. Hapoel’s management was infuriated by the police decision and tactics. “From the preliminary discussions before the ga...

The Punjab government has initiated a province-wide crackdown on smoke-emitting vehicles as part of its intensified efforts to curb rising smog levels.

The Islamabad High Court (IHC) on Monday removed the registrar’s objections on Khyber Pakhtunkhwa Chief Minister Sohail Afridi’s plea seeking a meeting with incarcerated PTI founder Imran Khan and issued notices to the Adiala jail superintendent and others for October 23. Afridi had filed the plea on Oct 17, two days after he was sworn in as the provincial chief executive on Oct 15. He had gone to Adiala jail — where Imran has been imprisoned since September 2023 — after getting protective bail from the Peshawar High Court on Oct 16. However, he was denied the meeting; Afridi has stated that he would announce his cabinet after consulting Imran. He had then filed a plea with the IHC, however, the registrar’s office had objected to the maintainability of the plea. Today, Justice Arbab Muhammad Tahir took up the matter and overruled the objections of the registrar office. Afridi’s lawyer Advocate Ali Bukhari said that the registrar’s office had raised the objection that the petition was filed “without the provin...

The Director General Parks on Monday informed the Sindh High Court (SHC) that a detailed reply regarding the cutting of trees along Karachi’s Shara-e-Faisal will be submitted in court later today.

Federal Interior Minister Mohsin Naqvi has said Pakistan will “breathe easy only after eliminating the menace of Fitna al-Hindustan,” vowing that the designs of Indian-backed terrorists will not be allowed to succeed.

The Punjab government has made it mandatory for all motorcycle riders to wear face masks as smog levels continue to worsen across major cities, particularly Lahore.

National Emergency Operations Centre (NEOC) on Sunday said that during the first six days of the nationwide campaign, more than 43.

US President Donald Trump reiterated on Sunday that Indian Prime Minister Narendra Modi told him India will stop buying Russian oil, while warning that New Delhi would continue paying “massive” tariffs if it did not do so. “I spoke with Prime Minister Modi of India, and he said he’s not going to be doing the Russian oil thing,” Trump told reporters aboard Air Force One. Asked about India’s assertion that it was not aware of any conversation between Modi and Trump, Trump replied: “But if they want to say that, then they’ll just continue to pay massive tariffs, and they don’t want to do that.” Russian oil has been one of the main irritants for Trump in prolonged trade talks with India — half of his 50 per cent tariffs on Indian goods are in retaliation for those purchases. The US government has said that petroleum revenue funds Russia’s war in Ukraine. India has become the biggest buyer of seaborne Russian oil sold at a discount after Western nations shunned purchases and imposed sanctions on Moscow for its 202...