Thursday, 16 October, 2025 22 Rabius Sani, 1447
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Pak-afghan agree temPorary ceasefire after kabul, kandahar ‘Precision strikes’
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FO SPOKESPERSON CONFIRMS 48-HOUR CEASEFIRE ANNOUNCED WITH AFGHANISTAN FROM 6PM WEDNESDAY, AGREED AT TALIBAN’S REQUEST
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ISLAMABAD
staff report
HE Foreign Office on Wednesday announced a temporary 48-hour ceasefire with Afghanistan — to take effect from 6pm today — aimed at halting a fresh round of cross-border hostilities and creating space for dialogue aimed at a durable solution. The ceasefire was agreed “with the mutual consent of both parties” and, the FO said, was made at the request of the Taliban. In its statement, the FO said that
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BOTH SIDES VOW TO PURSUE A ‘CONSTRUCTIVE, POSITIVE SOLUTION’ TO END THE ESCALATING BORDER HOSTILITIES
Spin Boldak area in the early hours of Wednesday, but the assaults were “effectively repulsed” by Pakistani troops. The ISPR said that as troops responded, around 15–20 Afghan Taliban were killed and several others injured. “The situation is still developing. There are reports of further buildup at staging points of Fitna al-Khwarij and the Afghan Taliban,” it added, using the statedesignated term for the banned Tehreek-i-Taliban Pakistan (TTP).
forces had repulsed an attack by the Afghan Taliban along the Balochistan border, killing approximately 15 to 20 fighters in that action. The ISPR described the assault as “cowardly attacks at four locations in [the] Spin Boldak area” in the early hours of Wednesday and said the attacks were “effectively repulsed by Pakistani forces.” State broadcaster PTV News reported that Pakistan’s armed forces carried out “precision strikes” in Kandahar province and Kabul, quoting security sources who said key Taliban hideouts and battalion headquarters had been destroyed. The post on X — citing unnamed security sources — claimed that Afghan Taliban Battalion Number 4 and Border Brigade Number 6 in Kandahar were “completely destroyed” and that “dozens of foreign and Afghan operatives” were killed. A later PTV update said the “centre and leadership of Fitna alHindustan” were targeted in Kabul. The broadcasts emphasised that strikes were “meticulously selected, isolated from civilian populations,” and that the Pakistan Army possessed “the full capability to give a befitting response to any aggression.” (PTV and security posts framed the targets as Taliban battalions and affiliated groupings designated by the state.)
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during the 48-hour period both sides will make sincere efforts to find a positive solution to this complex but solvable issue through constructive dialogue. Taliban spokesperson Zabiullah Mujahid posted on X that Afghan forces had been instructed to respect the ceasefire “unless any aggression takes place.” The truce follows three days of intense fighting along the PakistanAfghanistan frontier, which saw fatalities and injuries on both sides and prompted a flurry of military and diplomatic activity. The Inter-Services Public Relations (ISPR) earlier said Pakistani
Pakistan repels afghan taliban attack along balochistan border; 15–20 killed RAWALPINDI
staff report
Security forces on Wednesday repelled coordinated attacks by the Afghan Taliban along the Balochistan border, killing between 15 and 20 assailants, the Inter-Services Public Relations (ISPR) said, as cross-border hostilities between the two neighbours entered a dangerous new phase. In a statement, the military’s media wing said that Afghan Taliban fighters launched “cowardly attacks” at four locations in the
02 NEws
Thursday, 16 October, 2025 | islAmAbAd
SECP CONCLUDES INQUIRY INTO PAKISTAN REINSURANCE COMPANY CEO’S CONTROVERSIAL APPOINTMENT, SALARY HIKES
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secp Finds prcl Board violated laws, reFers compensation revision to ministry oF commerce PROFIT
staff report
HE Securities and Exchange Commission of Pakistan (SECP) has completed its inquiry into the appointment and salary enhancements of a former acting CEO of Pakistan Reinsurance Company Limited (PRCL), The News reported. The SECP’s findings revealed that the PRCL board violated multiple laws and regulations in its actions. The SECP has decided to take action against the PRCL board and has referred the matter regarding the revision of the CEO’s
compensation package to the Ministry of Commerce. According to a letter sent to the ministry on October 14, the SECP noted that the board failed to obtain approval from the federal government or the commission before appointing the individual as acting CEO. The inquiry also found that the CEO lacked the required experience at the time of his appointment. Additionally, the board approved an excessive compensation package beyond what was sanctioned by the federal government under the Special Professional Pay Scale-III (SPPS-III). The SECP pointed out that this action
NA Committee calls for immediate payment of five months’ salaries to USC employees
standing committee urges swift action from the ministry of industries and production to address salary delays at utility stores corporation PROFIT
staff report
The National Assembly Standing Committee on Industries and Production has recommended that the Ministry of Industries and Production take immediate steps to release five months’ worth of unpaid salaries to employees of the Utility Stores Corporation (USC). According to media reports, the committee, chaired by Member National Assembly (MNA) Syed Hafeezuddin, met on Tuesday to address the issue. During the session, MNA Ms. Romina Khurshid Alam, Convener of the Sub-Committee, presented a report highlighting that employees of USC have not received their salaries for the past five months. The committee expressed deep concern over the ongoing non-payment of salaries, noting the significant financial hardship being faced by hundreds of families affected by the delay. Members of the committee strongly emphasized that it is unacceptable for employees to be deprived of their rightful earnings for such a prolonged period. In light of this, the committee urged the Ministry of Industries and Production to take immediate and decisive action to ensure the outstanding salaries are paid without further delay. The meeting was attended by MNAs Ms. Kiran Imran Dar, Dr. Mahesh Kumar Malani, Dr. Mahreen Razzaq Bhutto, and senior officials from the Ministry of Industries and Production, among others.
CCP imposes Rs5m fine on two transport associations for price-fixing violations transporters of goods association and the local goods transport association penalised for colluding to fix rates, violating competition act 2010 PROFIT
staff report
The Competition Commission of Pakistan (CCP) has imposed a Rs5 million fine on both the Transporters of Goods Association (TGA) and the Local Goods Transport Association (LGTA) for violating Section 4 of the Competition Act 2010, which prohibits agreements that restrict competition or fix prices. The penalty was determined by the CCP bench, led by Chairman Dr. Kabir Sidhu and Member Bushra Naz, in accordance with the Commission’s Guidelines on Imposition of Financial Penalties, which aim to reflect the seriousness of such infringements and serve as a deterrent to future violations. The CCP found that both associations had engaged in rate-fixing through collective discussions and circulars, preventing individual transporters from independently setting their own prices.
disregarded several legal provisions, including those outlined in the Companies Act 2017, the Insurance Ordinance 2000, and other related regulations. The commission has recommended adjudication proceedings against the individuals involved and the PRCL itself. The SECP further highlighted that the PRCL board, during its 178th meeting held on October 2, 2023, revised the CEO’s compensation package retrospectively, aligning it with the newly introduced State-Owned Enterprises (SOE) Act of 2023. This revision, the SECP said, violated Section 36(3) of the SOE Act, which prohibits retrospective application of the law.
Since the SOE Act does not fall under the SECP’s jurisdiction, the matter has been forwarded to the Ministry of Commerce for consideration and potential action. The inquiry was initiated after a media
FBR begins consultation to regulate and tax cryptocurrency in Pakistan g
Federal Board oF revenue explores options For legislation to integrate digital currencies into pakistan’s tax system PROFIT
staff report
The Federal Board of Revenue (FBR) has initiated consultations with experts to draft legislation aimed at formally introducing cryptocurrency into Pakistan’s financial and tax systems, according to a news report. The FBR is also considering mechanisms to tax the profits generated from cryptocurrency transactions and the assets created through digital currency deals. The move follows a complaint filed with the FTO, which asked the FBR to clarify its tax policy concerning cryptocurrencies. With 560 million digital currency users globally, Pakistan stands as the sixth-largest adopter of cryptocurrency, with approximately nine million users. Despite this growing market, the State Bank of Pakistan (SBP) has not declared cryptocurrencies illegal, though it issued a cautionary circular in 2018 about their risks. The FTO has raised concerns over the lack of regulation in Pak-
Govt raises Rs507b in PIB auction, yields increase on short-term bonds
yields on short-term pakistan investment Bonds rise as inflation pressures mount PROFIT
staff report
istan’s cryptocurrency market, where significant commercial transactions occur outside the existing tax framework. This, the FTO argued, points to negligence by the FBR and leaves an unaddressed opportunity for tax revenue. International best practices, such as those under the Financial Crimes Enforcement Network, treat crypto miners as money transmitters, which subjects them to existing regulations. Without legal provisions in place,
profits and assets created through cryptocurrency dealings remain undocumented and untaxed. The FBR’s Policy Wing has confirmed that this issue is under review in consultation with experts. The FTO has recommended that the FBR engage all relevant stakeholders and incorporate necessary provisions into the upcoming Finance Bill, urging that cryptocurrency regulation be prioritized to broaden Pakistan’s tax base.
NEPRA approves tariff adjustment, raising electricity rates by Rs2 per unit for consumers g
report revealed that the same CEO had received a total of Rs355 million in salary and perks over 32 months, with approval from the PRCL board, before moving to head another state-owned enterprise.
consumers oF discos and k-electric to Face higher Bills due to ineFFiciencies, system constraints, and increased Fuel charges PROFIT
staff report
Consumers of Distribution Companies (Discos) and KElectric (KE) will experience an additional financial burden starting October 2025, with an increase of about Rs 2 per unit in their electricity bills due to adjustments under the monthly tariff mechanism, according to the National Electric Power Regulatory Authority (NEPRA). According to media reports, the decision, announced following a public hearing held on September 30, 2025, includes a reversal of a negative adjustment of Rs 1.79/kWh for September 2025, replaced by a positive adjustment of Rs 0.0796/kWh. This will result in a net increase of Rs 2/kWh, including GST, to be recovered in the October bills, in addition to the Debt Service Surcharge (DSS) of Rs 3.23/kWh. During the proceedings, NEPRA’s Member (Technical), Rafique Ahmad Shaikh, highlighted that inefficiencies within the power sector are contributing to escalating financial burdens. He pointed out that the operation of the Guddu 747 MW power plant in open-cycle mode during the reference month added Rs 956 million to the costs. Additionally, Part Load Adjustment Charges (PLAC) surged to Rs 3.9 billion, and system constraints contributed another Rs 451 million to the financial impact. Despite these issues, consumers continue to be charged for full capacity utilization of the HVDC system, which operated at only 51% efficiency. Shaikh criticized these inefficiencies and noted that they increase the financial strain on consumers while compromising system efficiency. He stressed that the
The government raised Rs507 billion from the auction of fixed-rate Pakistan Investment Bonds (PIBs) on Tuesday, surpassing its target of Rs450 billion. However, yields increased on short-term tenors, according to the auction result released by the State Bank of Pakistan (SBP). The two-year PIB yield rose by 13 basis points (bps) to 11.3292%, while the three-year bond yield increased by 21bps to 11.3493%. The yield on the five-year bond went up by 6bps to 11.4999%. Conversely, yields on the 10-year and 15-year PIBs saw slight declines, with the 10-year bond yield dropping by 4bps to 12%, and the 15-year bond yield falling by 4bps to 12.34%. Analysts noted that investors are seeking higher returns, anticipating that the SBP may maintain restrictive monetary conditions for a longer period in response to rising inflation and price pressures, particularly following the recent floods. Pakistan’s inflation rate accelerated sharply in September, with the consumer price index rising to 5.6%, signaling renewed price pressures after months of relative calm. The SBP has reduced interest rates by 1,100 bps since June 2024, including a 100bps cut in May 2025. The central bank has kept rates steady in June, July, and September. The next interest rate decision is expected on October 27.
NAB Balochistan recovers over one million acres of forest land worth Rs1.3tr
eight-month operation reclaims land from encroachers, with new bodies established to resolve disputes PROFIT
staff report
regulatory framework mandates that only prudent costs should be passed on to consumers, a practice that has not been followed, according to his observations. In a dissenting note, Shaikh further expressed his disagreement with NEPRA’s decision to pass on costs arising from sector inefficiencies to consumers, particularly those associated with NTDC (now NGC). He called it unjust to burden consumers with the operational failures of sector entities that they are not responsible for. This decision underscores the ongoing challenges within Pakistan’s power sector, highlighting systemic inefficiencies that continue to affect electricity prices and consumer costs.
The National Accountability Bureau (NAB) Balochistan has successfully recovered over one million acres of forest land, valued at Rs1.3 trillion, following an eight-month operation carried out in collaboration with the Board of Revenue and local deputy commissioners, according to a news report. NAB officials reported that the operation aimed to reclaim forest lands from encroachers and illegal occupants and prevent further misuse of state property. The recovered lands have now been officially transferred to the Forest Department of Balochistan. A senior NAB official noted that the provincial government has established Forest Settlement Boards in each district and Forest Tribunals at the divisional level. These bodies are tasked with addressing land ownership disputes and ensuring a fair, transparent resolution of grievances from local tribes and communities. Additionally, NAB Balochistan has launched an inquiry into the illegal allotment of state-owned land in Miani Hore, Sonmiani tehsil, Hub district, which had been designated a mangrove-protected forest zone by the Forest Department in September 2022.
Pakistan and Vietnam begin negotiations for Preferential Trade Agreement to expand economic cooperation g
pta aims to Boost trade and investment ties, Focusing on sectors like textiles, agriculture, and it, with a target completion By 2025 PROFIT
staff report
Federal Minister for Commerce Jam Kamal Khan and Vietnam s Minister of Industry and Trade H.E. Nguy?n H?ng Diên sign the Joint Statement on the official launch of Pakistan Vietnam Preferential Trade Agreement (PTA) negotiations in Islamabad on October 14, 2025, while Federal Ministers Khalid Hussain Magsi, Abdul Aleem Khan, Junaid Anwar Chaudhry, Rana Tanveer Hussain, and Parliamentary Secretary for Culture and Tourism Nawabzada Mir Zarain Khan Magsi witness the signing. Pakistan and Vietnam have officially
kicked off negotiations for a Preferential Trade Agreement (PTA), aimed at strengthening bilateral trade and fostering economic cooperation. The announcement came during a highlevel bilateral meeting and the PakistanVietnam Business Forum held in Islamabad, co-chaired by Pakistan’s Federal Minister for Commerce Jam Kamal Khan and Vietnam’s Minister of Industry and Trade H.E. Nguyên Hùng Diên. The Business Forum, which also saw the participation of various government ministers and senior officials from both nations, addressed key areas of collaboration, including textiles, leather, pharmaceuticals,
agriculture, food processing, fisheries, construction materials, and information technology. Minister Jam Kamal Khan welcomed the Vietnamese delegation, emphasizing the longstanding friendship between the two nations and the importance of advancing this relationship into a robust economic partnership. He pointed out that although bilateral trade has shown progress, it remains below its potential and highlighted the PTA as a step forward in expanding commercial and investment cooperation. A significant development at the forum was the formal signing of the Joint Statement on the Launch of PTA Negotia-
tions. The agreement sets in motion a structured process to finalize the PTA by the end of 2025. The PTA will offer a comprehensive framework to enhance market access, diversify trade baskets, and eliminate tariff and non-tariff barriers, benefiting both countries. H.E. Nguyên Hùng Diên also expressed strong support for the PTA, noting that it would help diversify export markets and create new opportunities for sustainable growth, while reinforcing resilience against global economic challenges. Both sides agreed to encourage private sector collaboration, particularly in Special Economic Zones (SEZs), which offer opportunities for joint ventures and manufacturing partnerships. Additionally, both governments agreed on enhancing connectivity and people-topeople linkages, including the establish-
ment of direct flight routes between Pakistan and Vietnam to boost trade and tourism. Minister Jam Kamal Khan highlighted the potential for religious and cultural tourism, particularly with Pakistan’s Buddhist heritage sites, which he noted would attract Vietnamese pilgrims. Looking ahead, Minister Jam Kamal Khan invited Vietnamese businesses to explore opportunities at the upcoming FoodAg Exhibition in Karachi, which will showcase Pakistan’s agricultural and food processing potential. Both ministers also affirmed their commitment to deepening cooperation in science, technology, and innovation. The event concluded with the signing of the Joint Statement, marking the official launch of the PTA negotiations and reinforcing both countries’ determination to build a sustainable and prosperous economic partnership.
NEWS 03
OGRA RAISES RLNG PRICES BY 2% FOR OCTOBER 2025
Thursday, 16 October, 2025 | ISLAMABAD
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MODEST INCREASE ATTRIBUTED TO ELEVATED OVERALL RLNG IMPORT COST PROFIT
ahmad ahmadani
HE Oil and Gas Regulatory Authority (OGRA) has announced a minor upward revision in Regasified Liquefied Natural Gas (RLNG) prices for October 2025, following a slight increase in the Delivered Ex-Ship (DES) prices in global markets. According to OGRA, the revised RLNG prices—effective October 1, 2025—have been determined in line with the federal government’s policy guidelines for Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company Limited (SSGCL).
Used car imports surge to 20%, threatening local manufacturing and jobs, warns EDB PROFIT
Staff RepoRt
The share of used car imports in Pakistan has risen sharply from 7.5% in 2020-23 to 20% in 2025, raising concerns over the impact on local manufacturing, investment, and employment, the Engineering Development Board (EDB) told the National Assembly Standing Committee on Industries and Production on Tuesday. According to media reports, EDB officials highlighted that regional countries such as Thailand, India, and Indonesia maintain minimal imports of old vehicles—ranging between 0.3 and 1.2% — through strict tariffs and administrative controls. The board noted that Pakistan currently has six tractor manufacturing units, five of which are operational, with a combined production capacity of 111,200 units. Production has fallen by 19% from January 2024 to June 2025 due to rising imports and other factors. The committee recommended that the EDB issue one-year import authorisations and manufacturing certificates to operational tractor firms, particularly those in Sindh, to support domestic production. The report of the sub-committee, presented by Romina Khurshid Alam, was adopted by the Standing Committee, reflecting calls for urgent action on both industrial policy and employee welfare.
FBR extends income tax return filing deadline to October 31 PROFIT
Staff RepoRt
The Federal Board of Revenue (FBR) has extended the deadline for filing income tax returns for the tax year 2025 by 16 days, with the new deadline now set for October 31, 2025. An FBR spokesperson confirmed the extension to Business Recorder on Wednesday. Previously, the deadline had been extended by 15 days to October 15 in response to requests from various trade bodies, tax bar associations, and the general public.
PSX closes marginally higher by 210 points amid IMF staff-level agreement PROFIT
Staff RepoRt
The Pakistan Stock Exchange (PSX) saw a volatile session on Wednesday, with the benchmark KSE-100 Index closing 210.36 points higher, or 0.13%, amid late profittaking. The market opened positively, driven by news that Pakistan and the International Monetary Fund (IMF) had reached a staff-level agreement (SLA) on the second review under Pakistan’s 37-month Extended Fund Facility (EFF) and the first review under the 28-month Resilience and Sustainability Facility (RSF). The KSE-100 reached an intra-day high of 167,561.69 points. However, profit-taking in the latter part of the session trimmed the gains, and the index closed at 165,686.38. The IMF statement confirmed that upon approval by the IMF Executive Board, Pakistan will access about $1.0 billion (SDR 760 million) under the EFF and $200 million (SDR 154 million) under the RSF, bringing total disbursements to about $3.3 billion. On Tuesday, the PSX had witnessed a historic rebound, with the KSE-100 soaring by 7,032.60 points, closing at 165,476.02.
For SNGPL, the RLNG price for transmission has been set at US$11.4381 per MMBtu, and for distribution at US$12.2300 per MMBtu, reflecting an increase of 1.79% and 1.81%, respectively, compared to September 2025. For SSGCL, the RLNG transmission price has been determined at US$10.0585 per MMBtu, and the distribution price at US$11.2304 per MMBtu, showing a rise of 1.99% and 2.00%, respectively. The regulator attributed the modest increase to higher DES prices, which slightly elevated the overall RLNG import cost. The revised rates are expected to impact power generation companies, industrial consumers, and other large gas users who rely on imported RLNG for fuel supply.
OGRA spokesman said that the official price notification for October 2025 is available on OGRA website (www.ogra.org.pk) for public access. The RLNG price adjustment comes as Pakistan continues to balance rising global energy costs with domestic affordability, amid efforts to ensure a steady energy supply for industrial and commercial consumers. The Oil and Gas Regulatory Authority is Pakistan’s central regulatory body overseeing the midstream and downstream petroleum sector. It works to promote a safe, competitive, and sustainable oil and gas industry through coordination with stakeholders, innovation, and transparent regulation.
Sazgar Engineering posts Rs4.42b quarterly profit, a 4.7% increase g
STRONG SALES GROWTH DRIVES PROFITABILITY, THOUGH MARGINS CONTRACT AMID RISING INPUT COSTS PROFIT
Staff RepoRt
Sazgar Engineering Works Limited (PSX: SAZEW) has announced its financial results for the quarter ended September 30, 2025. The company reported a net profit of Rs. 4.42 billion, a 4.7% increase from the Rs. 4.22 billion profit recorded in the same quarter last year. Earnings per share (EPS) for the quarter stood at Rs. 73.07, up from Rs. 69.77 in 1QFY24. Rewarding its shareholders, the Board of Directors declared a cash dividend of Rs. 15.00 per share for the quarter. The company’s top-line performance was robust, with net sales surging 28.5% to Rs. 33.82 billion from Rs. 26.33 billion in the prior year, indicating strong market demand for its products. However, the cost of sales grew at a faster rate of 35.2%, leading to a contraction in the gross profit margin. Consequently, gross profit increased by a more modest 11.8% to Rs. 8.52 billion.
PERFORMANCE HIGHLIGHTS (RS. IN BILLION) Net Sales: 33.82 (1QFY24: 26.33) | +28.5% Gross Profit: 8.52 (1QFY24: 7.62) | +11.8% Operating Profit: 6.81 (1QFY24: 6.27) | +8.6% Profit After Tax: 4.42 (1QFY24: 4.22) | +4.7% Earnings Per Share (EPS): Rs. 73.07 (1QFY24: Rs. 69.77) | +4.7% The company’s operating profit saw a healthy 8.6% growth to Rs. 6.81 billion, supported by a significant increase in other income, which rose 27.4% to Rs. 513.7 million. This helped offset a 26.8% rise in total operating expenses, which was driven by a substantial increase in administrative costs. Finance costs also saw a significant uptick of 37.9%, while the effective tax rate increased, contributing to the slower growth in the bottom line compared to the top line. The net profit margin for the quarter settled at 13.1%, down from 16.0% in the same period last year, reflecting the impact of higher input costs on overall profitability.
CCP launches nationwide probe into mercury-laden skin whitening creams g
INVESTIGATION TARGETS DECEPTIVE MARKETING AND HARMFUL HEALTH RISKS IN COSMETICS MARKET PROFIT
Staff RepoRt
The Competition Commission of Pakistan (CCP) has initiated a nationwide investigation into companies involved in the production, marketing, and sale of skin whitening creams containing high levels of mercury. The probe, launched by the CCP’s Office of Fair Trade and Market Intelligence Unit, aims to protect consumers from serious health risks and ensure fair competition within the cosmetics market.
The investigation revealed that several popular whitening products, both in stores and online, contain dangerously high mercury levels. Many of these products falsely advertise their safety and effectiveness while concealing mercury content from ingredient labels. Mercury, a toxic chemical, can cause kidney damage, neurological disorders, and skin diseases. Its use in cosmetics is banned in most countries, yet many whitening creams in Pakistan continue to use mercury, often under misleading labels like “fairness,” “glow,” and “lightening.”
Pakistan repels Afghan Taliban attack along Balochistan border; 15–20 killed CONTINUED FROM PAGE 01
According to the statement, the attacks were “orchestrated through divided villages in the area, with no regard for [the] civil population,” while the Afghan Taliban “destroyed the Pak-Afghan Friendship Gate on their side,” displaying “their mindset regarding mutual trade and easement rights of divided tribes.” Heavy losses in earlier Kurram clashes: The ISPR said the latest assault in Balochistan was separate from an earlier engagement along the Kurram border sector in Khyber Pakhtunkhwa on the night of October 14–15, when Afghan Taliban and “Fitna al-Khwarij” fighters attempted to storm Pakistani border posts. “These attacks were effectively repulsed, causing heavy losses to Afghan posts. Eight posts, including six tanks, were destroyed in the effective yet proportionate response of Pakistani troops. Twenty-five to thirty Afghan Taliban and Fitna al-Khwarij fighters were suspected to have been killed,” the ISPR said. Rejecting Kabul’s claims that Pakistan initiated the hostilities, the ISPR called such allegations “outrageous and blatant lies,” saying the Taliban regime’s propaganda could be “debunked with basic fact checks.” It reaffirmed that Pakistan’s armed forces “stand resolute and fully prepared to defend the sovereignty and territorial integrity of Pakistan” and that “all acts of aggression will be responded to with full force.” AFGHAN VERSION OF EVENTS Before the ISPR statement, Taliban government spokesperson Zabiullah Mujahid posted on X that Afghan
forces were “forced to retaliate” after alleged attacks by Pakistani troops in Spin Boldak, Kandahar. He claimed that over a dozen civilians were killed and more than 100 injured in Pakistani attacks using “light and heavy weapons.” Mujahid further alleged heavy Pakistani losses, claiming that Afghan forces had captured posts and weapons — assertions Islamabad has dismissed as propaganda. PRESIDENT, PM COMMEND TROOPS; ACCUSE KABUL OF VIOLATIONS President Asif Ali Zardari strongly condemned the cross-border attacks, calling them a “blatant violation” of Pakistan’s sovereignty. “Attacks from Afghanistan are a blatant violation of Pakistan’s sovereignty,” the president was quoted as saying in a PPP statement on X. He lauded the armed forces for their “courage and professional expertise” and accused the Taliban regime of “providing safe havens to Taliban terrorists,” thereby violating the 2020 Doha agreement, which barred Afghan soil from being used against other countries. Zardari warned that such actions were “destabilising the entire region” and urged Kabul not to allow its territory to be used for terrorism or anti-Pakistan activity. “Any aggression against Pakistan will be met with a strong and unequivocal response,” he stressed. Prime Minister Shehbaz Sharif, in a separate statement, paid tribute to security forces for “repelling the unprovoked aggression” in the Kurram sector. He expressed concern over “incitement” by the Afghan Taliban, Fitna al-Khwarij, and Fitna al-Hindustan — the state’s term for militant organisations operating in Balochistan — and vowed that “national integrity will be defended at all costs.”
CCL Holding completes acquisition of 40.63% stake in Mitchell’s Fruit Farms Deal worth Rs1.7b completed through Share Purchase Agreement PROFIT
Staff RepoRt
CCL Holding (Private) Limited, a subsidiary of CCL Pharmaceuticals, has acquired a 40.63% shareholding in Mitchell’s Fruit Farms Limited, according to a notice filed with the Pakistan Stock Exchange (PSX) on Wednesday. The transaction, executed on October 15, 2025, followed a Share Purchase Agreement (SPA) signed on May 14, 2025, and amended on July 18, 2025. Under the agreement, Syeda Maimanat Mohsin and Syeda Matanat Ghaffar sold 9,293,244 ordinary shares of Mitchell’s Fruit Farms to CCL Holding at a price of Rs. 180 per share, totaling Rs. 1.7 billion. The deal, representing 40.63% of Mitchell’s issued and paidup capital, was completed after obtaining all necessary regulatory approvals and meeting required conditions. The transaction was conducted via the Negotiated Deal Market (NDM) in compliance with PSX regulations. Mitchell’s Fruit Farms, established in 1933 and listed on the stock exchange in 1996, manufactures and sells a range of products, including beverages, ketchups, sauces, preserves, and ready-to-eat food.
Pak-Afghan agree temporary ceasefire after Kabul, Kandahar ‘precision strikes’ CONTINUED FROM PAGE 01
The fresh clashes are the third major skirmish within a week, coming after fighting in Kurram late Tuesday and earlier exchanges that began on Saturday night and extended into Sunday at multiple locations. According to ISPR figures released over the weekend, 23 Pakistani troops were martyred and 29 injured in the incidents that began with cross-border attacks on Pakistani posts. The military’s media wing also said “more than 200 Taliban and affiliated terrorists have been neutralised,” adding that the number of injured on the other side was “much higher,” according to its damage assessments and intelligence estimates. Islamabad has not confirmed responsibility for any cross-border strikes inside Afghanistan but has underscored Pakistan’s right and resolve to defend its territory. Afghanistan, for its part, described its actions as “retaliatory,” alleging Pakistan carried out air strikes on its soil last week — an allegation Islamabad did not formally confirm in its public statements. Officials and analysts say the most recent rounds of violence unfolded against a backdrop of long-running Pakistani concerns that terrorist groups use Afghan territory as a base for attacks into Pakistan, an issue that has repeatedly strained ties between the neighbours. The weekend clashes also followed a spate of intelligence-based operations inside Pakistan that resulted in casualties among security personnel, heightening tensions and public pressure for a robust response. Not everyone greeted the ceasefire with optimism. Defence Minister Khawaja Asif expressed scepticism on Wednesday, saying he lacked confidence that a 48-hour truce would hold and alleging that the Afghan Taliban were acting as a “proxy of India.” Speaking on television, he warned that the ceasefire was fragile and reiterated Pakistan’s readiness to respond if hostilities resumed. “We have the capability, and we will attack them, God willing, if they escalate or widen the radius of this war,” he said, adding that Pakistan would respond positively to constructive dialogue but would not tolerate violations of its territory. The ceasefire — brokered at Taliban initiative and accepted by Islamabad — provides a narrow window for diplomacy. Both sides have signalled, at least publicly, the desire to explore a negotiated way forward; Pakistan’s Foreign Office framed the truce as an opportunity for “sincere efforts” to resolve a “complex but solvable” problem.
Punjab Police commemorates Oct 15, 2009 attacks in Lahore, honours fallen heroes LAHORE
Staff RepoRt
The Punjab Police on Tuesday observed the 16th anniversary of the 2009 suicide attacks on the Elite Police Training School, Police Training School Manawan, and the FIA building in Lahore, paying solemn tributes to 14 officers and officials who laid down their lives in the line of duty. According to a Punjab Police spokesperson, on October 15, 2009, terrorists simultaneously targeted three key se-
curity installations in Lahore — the Elite Police Training School, Manawan Training School, and the FIA building — leaving 14 police personnel martyred. Among them, 10 officials were killed in the Manawan attack, three in the assault on the Elite Police Training School, and one officer in the FIA building blast. As part of the remembrance, police guards visited the graves of Inspector Rana Farooq, Sub-Inspector Muhammad Aslam, and Sub-Inspector Muhammad Anwar. A smartly turned-out contingent
presented a salute, laid floral wreaths, and offered prayers (Fatiha) to honour their memory. Families of the fallen officers also attended the ceremony, which served as a poignant reminder of their ultimate sacrifice. Inspector Muhammad Aslam and SubInspector Muhammad Anwar were martyred during the Manawan Training School attack, while Inspector Rana Farooq lost his life in the FIA building bombing on October 15, 2009. Punjab Inspector General of Police Dr
Usman Anwar paid rich tribute to the martyrs, stating that the force salutes the “great sons” who sacrificed their lives for peace and security. “Punjab Police will never forget the eternal sacrifices of its brave officers,” he added. In a commemorative message, Capital City Police Officer (CCPO) Bilal Siddique Kamyana said Lahore Police’s history was “adorned with the sacrifices” of its valiant officers. He noted that a total of 342 officers and personnel of Lahore Police have em-
braced martyrdom while performing their duties. The CCPO emphasized that “the blood of martyrs and veterans forms the foundation of Pakistan’s security and sovereignty,” adding that Lahore Police continue to serve on the frontlines to protect citizens’ lives and property. He reaffirmed the department’s commitment to the welfare of martyrs’ families, pledging ongoing support in education, healthcare, and overall well-being of their children.
04 COMMENT
Between gratitude and betrayal
Thursday, 16 October, 2025
K-Electric settlement
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Will the SIFC mechanism work for all disputes?
HE concession by Shehryar Chishty of control of Karachi Electric to Prince Mansoor bin Muhammad bin Saad Al-Saud has probably settled the tortured history of the privatization of the country’s only vertically integrated utility, but has thrown up new questions about the way the Special Investment Facilitation Council is being operated. The latest development in the K-Electric saga was dissected by this newspaper’s sister publication, Profit, and it comes at an interesting time. It has happened just months before the government tries to privatize three DISCOs, so it sends a clear signal that any privatizations made will stick. Though the botched privatization of PIA last year sent an opposite signal, and while the government’s renegotiation of terms with Independent Power Producers spoiled the atmosphere for foreign investment, the current development should improve it. More important, KElectric will gain the corporate governance that it has been lacking as Mr Chishti and Prince Mansoor battled for control. The problem was because the Prince was the minority shareholder in the company which had bought Abraaj Group’s stake in K-Electric. The Abraaj Group had sold to Chishty because its chief, Arif Naqvi, had gone bust and was arrested. Shanghai Electric had also gotten involved, agreeing to buy from Naqvi when he had gone bust, and occasionally insisting on the performance of the agreement. When Shanghai Electric finally admitted defeat and declared it was withdrawing its application to buy, the decks were cleared for Chishty to sell his share to the minority shareholder. The first entity to benefit will be K-Electric itself, which will now get some muchneeded direction. However, one of the issues arising from the present deal shows the SIFC as playing an important role in achieving what amounts to an out-of-court settlement. The SIFC is given so much importance by business enterprises because of its military membership. Its previous forays have been also been mining, and it seems to have established a niche as a fixer for Middle Eastern businessmen. There is no harm in that, but it leaves other foreign investors vulnerable to the bureaucracy. It would be more helpful to foreign investors if the bureaucracy was fixed, which would provide a more lasting path than a one-window operation. Itis essential to show the world that Middle Eastern investors do not have an inside track.
The AJK dilemma
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Dr Zafar Khan SafDar
VERY society must carefully distinguish between legitimate dissent and reckless agitation. Protest may well be the language of the unheard, but when it descends into violence, vandalism, and slogans against the very state that sustains you, it ceases to be a struggle for rights and becomes an act of betrayal. The unrest in Azad Jammu and Kashmir illustrated this descent with striking clarity. What could have been resolved through dialogue and patient negotiation has instead been transformed into a spectacle of disruption, chaos, and ingratitude. The Joint Awami Action Committee (JAAC), which proudly declares itself apolitical, has in reality led citizens into direct confrontation with the state. The tragic loss of policemen and civilian lives is the inevitable result of such reckless leadership. Ordinary citizens were misled into believing that their grievances required confrontation rather than constructive engagement. Responsibility for this outcome lies not only with those who blocked roads and raised hostile slogans, but also with those who incited them, trading the language of negotiation for the theatre of agitation. The demands raised by the Joint Awami Action Committee (JAAC) are not unfamiliar. Calls for hydel royalties, abolition of migrant seats, and curbing elite perks have circulated for years. But instead of pursuing these issues through dialogue, the JAAC chose confrontation. Strikes, lockdowns, and marches paralyzed life for days, punishing small shopkeepers, daily wagers, and students, the very people the movement claims to represent while leaving elites largely untouched. The irony of a ‘rights movement’ that robs its own people of livelihood and education is glaring. More alarming, however, has been the descent into dangerous symbolism. Reports of protesters chanting ‘Pakistan Murdabad’ and tearing down the national flag cannot be brushed aside as mere anger. They reveal an undercurrent of separatism and ingratitude. If this agitation were truly about civic rights, it would have remained anchored in justice and governance. Instead, it has veered into an anti-state campaign, eroding its legitimacy and exposing troubling motives. This hypocrisy stands out even more when set against Pakistan’s financial lifeline to AJK. Every year, Islamabad funnels over Rs 200 billion into the
Dedicated to the legacy of late Hameed Nizami
Arif Nizami (Late) Founding Editor
territory, funding salaries, pensions, subsidies, and development projects. Without this support, the AJK government would collapse overnight. More tellingly, AJK residents enjoy privileges unavailable to most Pakistanis: electricity at just Rs 3 per unit compared to nearly Rs 40 nationwide, alongside subsidized groceries and other essentials. These extraordinary concessions, sustained by the Pakistani taxpayer, are rarely acknowledged. Instead, they are met with hostility and slogans against the very state that keeps the system afloat. This is not a fight for fairness. It is political blackmail disguised as agitation, one that exploits the goodwill of Pakistan while holding ordinary people hostage to chaos. To grasp the contradiction, history offers clarity. When the Tarbela Dam displaced 83 villages, including those near Ayub Khan’s hometown, the victims received no special resettlement and still await fair compensation. Yet, when Britain sought labour in the 1960s, it was the Mirpuris displaced by Mangla Dam who were granted preferential visas to the UK. Today, entire British towns are filled by this diaspora, living far more comfortably than most Pakistanis. Treated as the ‘favoured children’ of the state, some now repay that generosity with hostility, even tearing down Pakistan’s flag. The call for a referendum by certain elements is another reckless gamble. AJK’s economy, infrastructure, and security are so interwoven with Pakistan that any attempt at separation would expose its fragility overnight. If the people of AJK genuinely seek independence, then honesty demands that those who have spread across Pakistan in search of business and livelihoods return to their homeland, sustain themselves without subsidies, and face the stark reality of self-reliance. Conversely, if the majority chooses to remain with Pakistan, then the era of political blackmail must end. AJK cannot forever enjoy
Babar Nizami Editor Profit
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The globalization of English MehMooD Khan BanuSai
dual-language road sign at the Wagah border— English on top, Urdu on the bottom— speaks louder than words. It demonstrates that English in Pakistan isn’t a foreign artifact but an operational language integrated into everyday life. It features on government application forms, university brochures, newspaper mastheads, and storefronts. But the ability stays highly concentrated among urban elite groups. That contradiction— English as gatekeeper but also as commons— illuminates why the evolution of the language is important. Here’s the thing: English no longer exclusively belongs to the USA or Britain. Linguists long described a worldwide picture in which English interweaves social and temporal enclaves. Pakistan sits at the spot where English has official standing and is busy developing its own norms. What might be termed Pakistani English is a rich, organic variety; it takes in words, adjusts grammar, and accepts the local cadence and context. It’s not “broken” English; it’s English shaped by the tapestry of Pakistani existence. Step into the Lahore version of the teashop or turn on the morning talk show broadcast, and you hear it loud and clear. People do it all the time: they interchange Urdu and English in the middle of the sentence. A parent may order a kid to “complete your homework now, beta; waste no time — no time-pass.” An executive may want “to postpone the meeting.” Reporters have made words for local conditions: “goondaism” for the violence of gangs, and “biradarism” for nepotism in the interests of clans. Common nouns — “atta,” “ziarat,” “gol gappa” — blend into English sentences as seamlessly as they refer to objects for which the English language
So when you see the headline or commentary in the newspaper, remind yourself of what the sign on the border says. In Pakistan, English is not just an externally enforced set of norms but an unfolding tapestry of local identity imperatives.
has no exact words. Those words aren’t mistakes; they are instruments of exactness, freighted with cultural meaning. It occurs in three broad registers. At the pinnacle is the acrolect— the formal, nearly-standard English of elite circles and the media of the nation. In the middle is the mesolect, where professionals, teachers, and bureaucrats differentially change their codes of language in accord with the circumstances. Informal talk best resides in the basilect where English intermixes with Urdu as an unconscious idiom. Each of the three registers allows English both to traverse place as well as cross class: an Islamabad lawyer and a shopkeeper in Peshawar may differentially use English but converse on the same page. The institutional role of English is not in doubt. Universities carry on their teaching in English; the civil service functions in English; and the courts hear cases in English. In addition, scientific and technical activities take their course in English. To the young Pakistanis, command over English provides access to the rest of the world as well as domestically, especially in the fields of information technology, business process outsourcing, science, and foreign affairs. Its pragmatic worth illuminates why parents value English education so much and why private educational centers market “English medium” as the way forward. But in Pakistan, English functions as a mirror of inequity. With access to quality English education confined to elite private educational institutions, the language ends up solidifying social privilege. In employment interviews, professional evaluations, and mainstream media outlets, the priority given to English speakers presents insurmountable barriers for those who do not enjoy access to quality English education. Its detractors claim an overemphasis on English could disenfranchise both local languages as well as the mother tongue, Urdu, holding the view that for most children, access to their native language in-depth will enrich their educational journey. These tensions have given rise to sensible middle paths. A trilingual approach— robust early instruction in the mother tongue, a solid
Lahore – Ph: 042-36300938, 042-36375965
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The writer is Ph.D in Political Science and visiting faculty at QAU Islamabad. His area of specialization is political development and social change. He can be reached at zafarkhansafdar@yahoo.com and tweet@zafarkhansafdar.
History will not remember how loudly ÂMurdabadÊ was shouted; it will remember whether the people of AJK chose to squander their future in reckless agitation or build it in partnership with Pakistan. The choice is theirs, but the consequences will be shared by all. In times such as these, wisdom lies not in reckless slogans but in responsible nation-building.
Lahore to London: Why English is our language too M. A. Niazi
Editor Pakistan Today
the privileges of autonomy while burdening the federation with costs. The time has come for Pakistan to resolve the constitutional ambiguity of AJK. Just as India integrated Jammu and Kashmir into its federation, Pakistan too should integrate AJK as a fullfledged province. With a chief minister and governor, equal representation in the NFC Award, and legislative authority aligned with the constitution, AJK could operate like any other province. The lesson from this crisis is therefore unmistakable: agitation without responsibility is not empowerment, it is self-destruction. The JAAC’s theatrics may have brought temporary attention, but they have eroded the credibility of AJK’s demands, strained its bond with Pakistan, and placed its own citizens at risk. Slogans may win headlines, but they do not build futures. Instead, they deepen wounds, sow mistrust, and invite consequences that cannot easily be undone. AJK’s path forward cannot be paved with ingratitude, opportunism, and separatist theatrics. It must be built on dialogue, reform, and mutual respect. Pakistan, for its part, must learn to act with firmness as well as fairness: supporting genuine civic rights but refusing to tolerate blackmail disguised as protest. History will not remember how loudly ‘Murdabad’ was shouted; it will remember whether the people of AJK chose to squander their future in reckless agitation or build it in partnership with Pakistan. The choice is theirs, but the consequences will be shared by all. In times such as these, wisdom lies not in reckless slogans but in responsible nation-building.
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foundation in Urdu, and a systematic introduction to English— can provide both equity and global access. In practice, many teachers and students already operate in hybrid modes: they acquire technical vocabulary in English, discuss concepts in Urdu, and compose reports in English. This pragmatic blending mirrors reality more than ideology. There’s also a less obvious argument to keep in mind. With more non-native English speakers worldwide today than native ones, the gravitational centre of the language is slowly shifting. World communication depends more on comprehensible, useful English instead of strict observance of British or American variants. Pakistani English figures in just that. Its distinctive neocoinings, code-switching patterns, and pragmatic applications add to an ever-wider global repertoire. When the Pakistani negotiator speaks English, the scientist speaks English, the novelist speaks English, they add their local know-how into an international language — and enrich it thereby. It should be an enabler of freedom for our Pakistani readers. English should be regarded as an asset, not just a trophy. Put to use effectively, it brings learners closer to international scholarship, binds businesses to foreign trade, and binds civilians in worldwide discussion. But when used ineptly—as an exclusionary credential—it isolates. So the question changes from use vs. nonuse to how we might use it as a bridge for the many, not as a barricade for the few. So when you see the headline or commentary in the newspaper, remind yourself of what the sign on the border says. In Pakistan, English is not just an externally enforced set of norms but an unfolding tapestry of local identity imperatives. From London to Lahore, English doesn’t belong just to those who use it; it belongs to all who take it as the medium of ideas, problem-solving, storytelling. Its future will hinge on how inclusively it gets learned, how candidly it addresses inequity, how imaginatively it gets remade for life in Pakistan. The writer can atkhan6333@gmail.com
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Doubt over Gaza plan
IT is hard to believe that United States President Donald Trump’s 20point Gaza plan, even if it gets some level of unanimous acceptance, would be religiously implemented. This uncertainty is not because of the flaws the plan has, but because of the lack of public trust in Benjamin Netanyahu and his allies. Israel, as is known globally, is the spoiled child of America, and even Trump is unable to tame Netanyahu who has turned a deaf ear towards his repeated demand to immediately stop bombardment of Gaza. The only interest the US and Israel have in the current deal is the release of hos-tages because of internal pressure from their relatives. Once their release has been secured, who would force Israel to abide by the other terms of the agreement? No one, not even America, its godfather, would be able to do that. The United Nations, the Arab world and Europe have been doing whatever they could for the last two years. What would change after the release of the hostages? Nothing. Hamas surely would have this scenario in mind. MALIK UL QUDDOOS KARACHI
Banking without common sense
MY account at a bank branch located in Islamabad was blocked recently right after my monthly salary had been credited. I called the customer service helpline to know the reason, and was told that my CNIC had expired, as per the official record, and therefore, the bank had blocked my mobile app and debit card. The reason was quite logical, but it was not factual. I informed the official that my CNIC would expire in 2030, and the bank could verify it from the National Database and Registration Authority (NADRA). But this explanation appeared too logical for the bank representative to consider. He simply kept insisting that I visit the branch physically and get my record updated. He did not even register a complaint, and insisted that it was a matter of standard procedure. The banks should understand that their customers have to pay certain liabilities — rent, school fee, utilities, grocery and such other things — at the start of each month. Blocking the account without notice raises questions on their credibility and reputation. The authorities concerned should inform the customers at least a month or a week in advance before taking such extreme measures. If the banks can call the customers to offer services, like personal loan, car financing etc., why can they not alert them for updating their records? MUNEER AHMED ISLAMABAD
Pakistan’s worst-run DHA
THE entire Defence Housing Authority (DHA) area in Karachi, especially Phase VI, is in a mess, with broken roads, potholes and choked gutters making life miserable for one and all. Those responsible for such affairs tend to opt for short-term fixes. Instead of cleaning the sewerage lines, they bring suction equipment and tankers, which, at best, provide temporary relief. When there is a high-profile visit to the area, they use Khayaban-i-Ittehad for the guests, have a fancy event at the DHA Golf Club, and take them back through the same route, presenting an all-is-well picture. There is a need to relieve the Cantonment Board Clifton (CBC) of its DHA duties, and to start maintaining the areas on the pattern of Malir Cantonment. ARSALAN FARUQI KARACHI
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Thursday, 16 October, 2025
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COMMENT 05
America in deadlock The Government shutdown unpacked
Qamar Bashir
HE USA has once again entered a government shutdown, revealing both the fragility of its political system and the deep divisions between its ruling parties. For many Americans, the words “government shutdown” have become all too familiar, yet the implications remain complex and farreaching. At its core, a shutdown occurs when Congress and the Senate fail to pass the necessary appropriations bills or a temporary funding measure known as a continuing resolution. Without legal authorization to spend money, vast swathes of the federal government grind to a halt, forcing hundreds of thousands of employees to be furloughed and others to work without pay. Essential services such as national security, law enforcement, and emergency medical care continue, but much of the rest— from processing tax returns to administering housing loans and maintaining national parks— comes to an abrupt pause. The 2025 shutdown reflects not merely a budgeting dispute but a much larger clash of ideology and power. The immediate failure lies in Congress and the Senate’s inability to agree on a funding bill, but beneath that deadlock are deeper political contentions. Republicans, emboldened by President Donald Trump’s second term, have sought to tie spending approval to major policy demands. Among these are stricter border enforcement, deeper cuts to healthcare and social welfare programmes, and renewed emphasis on energy independence through expanded oil and coal production. Democrats, meanwhile, insist on safeguarding Medicaid, Social Security, and green energy programs, while opposing what they see as reckless deregulation and authoritarian executive manoeuvres. Both chambers are digging in, each claiming to defend the true interests of the American people, and the result is paralysis. The contentious issues at the heart of this impasse are both economic and ideological. Healthcare remains one of the most explosive flashpoints, with Democrats accusing
Republicans of trying to hollow out safety nets for the poor and elderly under the guise of fiscal responsibility. Immigration is another wedge issue: Trump has demanded increased funding for a fortified border system and deportation enforcement, positioning it as central to his “America First” agenda. Democrats counter that this amounts to cruelty and political theatre, especially in the wake of unrest tied to immigration enforcement raids earlier this year. Climate and energy policy further complicate negotiations. Trump and his allies are determined to revive coal and oil drilling projects and reduce federal funding for renewable energy initiatives, while Democrats argue that reversing progress on climate goals would undermine both domestic innovation and international credibility. In this standoff, both sides see political advantage. For Trump, the shutdown is an opportunity to reassert control and demonstrate strength. He portrays himself as a leader willing to withstand temporary pain for long-term national gain, casting the Democrats as obstructionists who prioritize ideology over patriotism. For Democrats, the shutdown is also a weapon. They seek to paint Trump and the Republican majority as reckless extremists holding the country hostage for narrow political goals. By emphasizing the plight of unpaid federal workers, the closure of public services, and the disruption of families dependent on government programs, they aim to turn public opinion against Trump’s
hardline tactics. Democrats calculate that the longer the shutdown lasts, the more ordinary Americans will grow frustrated and direct their anger at the White House, especially if essential services remain shuttered and the economy begins to slow. The consequences, however, extend far beyond political point-scoring. For federal employees, a shutdown means immediate uncertainty and financial hardship. While history suggests that workers will eventually receive back pay, the delay leaves families struggling with mortgages, bills, and groceries. For contractors and businesses that rely on federal work, lost time is often never recovered. Consumer sentiment, already fragile in a climate of high tariffs and fluctuating prices, can sour further as Americans begin to feel the tangible impact of a government that appears unable to govern. The longer the shutdown drags on, the more anxious investors and households become, creating ripple effects that slow spending and investment across the economy. Business confidence is equally shaken. In times of shutdown, routine government functions like issuing licenses, inspecting food safety, approving loans, and releasing economic data are suspended. For companies dependent on regulatory approvals or federal contracts, projects stall, costs rise, and uncertainty prevails. Global investors watch nervously as Washington broadcasts dysfunction to the world. Relations with other countries also suf-
fer. Diplomats find their budgets curtailed, international aid programs stall, and negotiations lose credibility when foreign leaders know the American government is paralyzed at home. For allies, the message is troubling: if Washington cannot manage its own internal disagreements, can it really lead global coalitions or enforce international agreements? For rivals, the spectacle offers propaganda material, reinforcing the narrative that American democracy is chaotic and incapable of coherent policy. The economic cost of the current impasse grows with each passing day. Analysts estimate that the economy loses billions of dollars per week in output during a shutdown. Small businesses waiting for federal loans, infrastructure projects awaiting funding, and families dependent on childcare or nutrition programs all experience disruptions. The longer-term damage may be even more significant. Confidence in institutions erodes with every shutdown, feeding public
The shutdown will eventually end, as previous ones always have, through compromise or exhaustion. Yet the scars it leaves behind· in lost income, shaken confidence, delayed projects, and frayed international credibility· will linger. What remains most troubling is that shutdowns are no longer rare accidents but recurring episodes in American political life, symptomatic of deeper dysfunction. Unless the nationÊs leaders rediscover the will to compromise, each new budget cycle risks becoming another crisis, another shutdown, and another reminder to the world that the American system, once admired for its resilience, now struggles under the weight of its own divisions.
cynicism and polarization. When citizens watch politicians bicker while services collapse, trust in democracy itself weakens. The spectacle convinces Americans that partisan victory has become more important to leaders than effective governance. This erosion of trust threatens the fabric of civic life and makes compromise ever harder to achieve in the future. Beyond its borders, the United States risks diminishing its image as the global standard-bearer of democratic stability. Ultimately, the current shutdown is not just about a budget but about two competing visions of America. One seeks a leaner government, tighter borders, and renewed emphasis on national sovereignty, even at the cost of disruption. The other envisions an inclusive, service-oriented state that maintains a global leadership role and invests in future generations. The shutdown will eventually end, as previous ones always have, through compromise or exhaustion. Yet the scars it leaves behind— in lost income, shaken confidence, delayed projects, and frayed international credibility— will linger. What remains most troubling is that shutdowns are no longer rare accidents but recurring episodes in American political life, symptomatic of deeper dysfunction. Unless the nation’s leaders rediscover the will to compromise, each new budget cycle risks becoming another crisis, another shutdown, and another reminder to the world that the American system, once admired for its resilience, now struggles under the weight of its own divisions.
The writer retired as Press Secretary the President, and is former Press Minister at Embassy of Pakistan to France and former MD, Shalimar Recording & Broadcasting Company Limited
A lasting peace between Israel and Palestine? We’ve heard that before – the result was more bloodshed
Getting fired for social media posts
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THE GUARDIAN Jason Burke
O, which year are we in? A US president, after months of tacit encouragement, has finally intervened to end an Israeli military offensive that has reduced swaths of a Middle Eastern city to rubble, leaving thousands dead and prompting global outrage. For months, the UN has looked on, impotent, as Israeli air raids and artillery shelling has pummelled apartment blocks and refugee camps beside the Mediterranean. The Israeli offensive’s target, according to its architect, is a “kingdom of terror”. The offensive has come after a series of attacks on Israel. Now, under pressure from the White House, the Israeli prime minister, a rightwinger with a gift for populist rhetoric and an intense sense of historic Zionist mission, has agreed to a ceasefire. So too have the Palestinian armed factions, which have faced the massive firepower of the Israeli military. These will now be forced to disarm and many will go into exile. A peacekeeping force is being organised by the US to stabilise the situation. The year is not 2025, but 1982. The city is not Gaza City, but Beirut. The president is Ronald Reagan, not Donald Trump. The Israeli prime minister is Menachem Begin, not Benjamin Netanyahu, and the target of the Israeli offensive is Yasser Arafat and his Palestine Liberation Organization (PLO), not Hamas. There are many differences between what happened in Lebanon more than four decades ago and what has happened in Gaza in the past two years. The Hamas raid of October 2023, which killed 1,200 and saw 250 taken hostage, bears little comparison with the relatively paltry efforts of the PLO in the year or so preceding Israel’s invasion of Lebanon. But there are many striking parallels too. Some are uncanny. Reagan finally picked up the phone to Begin, telling the Israeli that what was happening in Beirut was “a holocaust” and saying the relations between their countries could be gravely damaged if the violence continued, after watching images of badly injured children on evening TV news. According to the Atlantic, Trump’s sudden decision to pressure Netanyahu to agree the 20-point plan
that has, for the moment, ended the carnage in Gaza, came about because the president was “moved especially by images of starving children and saw their airing on major international networks as a public-relations disaster for Israel”. In 1982, much as today, the conflict played out in real time on millions of screens. Hundreds of journalists flew into Beirut to cover for the first time an Arab– Israeli war without censorship by either side, and new satellite technology meant major television networks could broadcast scenes filmed just hours earlier to huge audiences. International reporters were banned from Gaza by Israel, but the combination of smartphones and social media has had just as visceral an impact. In 1982, Israeli officials cast doubt on casualty figures considered reliable by many others, claimed that the dead were mostly combatants, and accused the PLO of using Beirut’s population as a human shield. Israel’s supporters, then as now, pointed out that Arafat often worked from bunkers underneath civilian buildings, including apartment blocks, and so was responsible for the consequences. What happened after the call from Reagan and the ceasefire in Beirut is instructive. The PLO, its factions and officials were scattered across thousands of miles and a dozen countries. Washington then withdrew US-led peacekeepers – a breach of the agreement with Arafat. Bashir Gemayel, Lebanon’s newly elected president and Israel’s preferred proxy, was assassinated by Syrian security services, prompting Christian Maronite death squads to kill thousands of Palestinians in two poor southern neighbourhoods of Beirut with the negligent complicity of Israeli commanders. The US then sent the marines back in, along with French and Italian troops. The Israelis were soon being targeted by vehicles packed with explosives, driven by young men who made no attempt to escape death. These were the work of extremist Lebanese Islamists inspired by the 1979 Iranian revolution. Soon it was the turn of the US to be targeted. Attacks on its embassy in Beirut and the marines’ barracks killed more than 300. Within a year, Reagan ended the US intervention in Lebanon. The Islamist networks coalesced into Hezbollah, which would threaten Israel intermittently for the next four decades and more. In The Revolutionists, a book I spent 10 years researching that is published this month, I explore the stories of those involved in the political violence of the 1970s. One key question I sought to answer is how the decade could begin with spectacular terrorist attacks in the Middle East that rarely caused significant casualties and were organised by largely nationalist, broadly secular left-leaning groups but ended with something so very different: mass casualty suicide attacks executed by religious militants.
What happened in Lebanon provided a partial answer. One reason that Hezbollah could emerge was that the years of civil war and the Israeli invasion had crippled so many other groups, factions and political parties, including those many committed to programmes of radical change that did not involve faith. Many more moderate individuals and groups had been wiped out. The same was true across the rest of the region. By the end of the 1970s, the more secular and progressive ideas and methods that had seemed to offer the promise of a new future in the Arab and Islamic worlds a decade or so earlier were discredited and their main advocates and activists dead, exiled or otherwise silenced. This left space for others who offered a different vision of how to overthrow the existing order and usher in a new era. The results of this became very clear, very quickly: the Iranian revolution, the seizure by messianic Muslim radicals of the Grand Mosque in Mecca, a bloodily repressed uprising in Syria and the assassination of Anwar Sadat in Cairo by Islamic militants in 1981 all followed in quick succession. Across the region, Israel and the US now faced enemies who were considerably more intractable, lethal and effective than the leftists and nationalists of earlier years. In the west, the consequences of this were perverse. Through the 1970s, western analysts and officials had sought to understand what caused violent extremism. Intelligence services produced innumerable reports explaining the factors behind the violence of individuals or groups. Scholars received funding for huge studies into what would later be called “radicalisation”. Then, in the early 1980s, this stopped. Political leaders in the US, the UK and elsewhere were no longer interested in “root causes” of violence. Instead, the dominant view was that “terrorists” were merely mad, bad, misled or manipulated – usually by Moscow. Last week, Trump reportedly told Netanyahu that Israel could not fight all the world and acknowledged in his 20-point plan Palestinian aspirations for a state – though the word “legitimate” was reportedly removed after Israeli objections. This too was an echo of 1982. In the aftermath of the Israeli invasion of Lebanon, Reagan told Israel that the strength of its armed forces alone could not “bring just and lasting peace” and acknowledged “the legitimate rights of the Palestinian people”. But a US-led regional peace plan supposed to answer those complaints went nowhere. From Tunis, Arafat looked on impotently. Reagan’s interest in the Middle East waned. Israel resisted any concessions. In 1987, there was the first intifada, and the founding of Hamas.
Jason Burke is the international security correspondent of the Guardian and author of The Revolutionists.
THE CHICAGO TRIBUNE DaviD Fish
MERICANS think the First Amendment protects their speech. It doesn’t — at least not at work for most of us. Just ask the executives, teachers, lawyers and even a Secret Service agent disciplined after posting about the assassination of conservative activist Charlie Kirk. A single Facebook update or tweet — whether mocking, angry or careless — can now end a career overnight. The line between our personal and professional lives has collapsed. Strangers online don’t just argue over posts they find offensive; they forward them to employers with a single demand: Fire this person. What began as a left-leaning push to oust employees for racist or sexist remarks has become a bipartisan weapon. Conservatives, once critics of “cancel culture,” now deploy the same tactics. This isn’t new. In 2013, public relations executive Justine Sacco made a crude AIDS joke on Twitter before boarding a flight. By the time she landed, she had lost her job and become a global pariah. In 2017, comedian Kathy Griffin was dropped by CNN after posing with a mock severed head of Donald Trump. Even corporate titans aren’t immune: CrossFit founder Greg Glassman was forced out in 2020 after dismissive tweets about George Floyd and COVID-19. Ordinary workers face the same risks with fewer safety nets. A Texas nurse was fired after posting in an anti-vaccine group about a measles patient — even though she never named the child. The question is stark: Do Americans really have the freedom to speak their minds outside of work, or does at-will employment make every social media post a liability? For most private-sector employees — nearly 90 percent of the workforce — the First Amendment offers no protection. The US constitution restrains government, not private companies. Employers can fire workers for almost any reason, including speech, so long as it isn’t an illegal basis such as race or religion. Employers know the risks. Many enforce strict social media policies. In an era in which a viral screenshot can undo years of branding, businesses often fire first and ask questions later. Some protections exist, but they are weak and inconsistent. Public employees have limited First Amendment rights, but those vanish
if speech disrupts the workplace. Labor law protects “concerted activity” about working conditions, but those cases are rare. A handful of states, including Illinois, California and New York, prohibit firing workers for lawful off-duty conduct, but courts have barely tested these laws. Contracts may require cause for firing, but many contain broad morality clauses or social media restrictions. Taken together, these protections sound reassuring on paper. In practice, they are narrow, untested and riddled with loopholes. Once an online outrage cycle begins, little can stop it from costing someone their job. This has created a chilling climate in which online expression carries profound risks. What once felt like idle chatter can ricochet into a viral scandal, amplified by partisan networks and advocacy groups. Increasingly, activists pressure not just employers but also their customers, urging boycotts unless the company cuts ties with the employee. What begins as a reputational problem for a worker becomes a commercial risk for the business. To some, this is accountability: Words have consequences, and companies shouldn’t associate with hateful or violent speech. To others, it’s mob justice, in which the loudest voices online dictate who deserves a paycheck. Either way, the trend is accelerating. Workers should assume their online lives are not separate from their professional ones. Privacy settings offer little real protection. Employers fire based on perception, not nuance. The only safe advice is pragmatic: Think before posting, especially about polarizing events. Some common-sense legislation could help. Workers should not lose their jobs over private online activity that has no bearing on their work if they post responsibly. A straightforward rule: If an employee keeps a post private, and the employer cannot show that it is job-related or materially harmful to the company, firing should not be permitted. Employers would still act when truly necessary — for threats, harassment or reputational damage — but careers wouldn’t be destroyed over personal views in limited, non-work settings. The burden shouldn’t fall entirely on workers. If social media platforms can nudge us to drink water or stand up, they can also remind us of the professional risks of posting when a controversial topic is raised. Before someone can publish a social media post, why not a pop-up? “Remember: This may be visible to your employer and could affect your job.” It wouldn’t solve cancel culture, but it would give people pause before publishing something that might end their career. The deeper problem is cultural, not legal. Free speech hasn’t disappeared; it has been privatized. Americans remain free to say almost anything, but our livelihoods now depend on how the internet reacts. David Fish teaches employment law as an adjunct professor at Northern Illinois University College of Law.
06 NEWS
ARAFAT’S NEPHEW RETURNS TO WEST BANK WITH PLAN FOR POST-CONFLICT GAZA
A
RAMALLAH aGENCIES
nephew of late Palestinian leader Yasser Arafat has returned to the West Bank after four years of selfexile, outlining a roadmap to secure peace in Gaza with Hamas transforming into a political party and declaring his readiness to help govern. Nasser Al Qudwa, a prominent critic of the current Palestinian leadership, also urged “a serious confrontation of corruption in this country”. He said President Mahmoud Abbas’ Fatah Movement needed deep reform and must do more to counter Jewish settler violence in the Israeli-occupied West Bank. “The first duty … is to regain confidence of the street — something that we lost — and we have to be brave enough and say that we don’t have it anymore, and without it, frankly, it’s useless,” Qudwa said. Qudwa left the West Bank in 2021 after he was expelled from Fatah, the movement founded by his uncle, over his decision to field his own list in elections, defying Abbas who cancelled the vote. Abbas, 89, readmitted Qudwa to Fatah last week, after offering an amnesty for expelled members.
Thursday, 16 October 2025 | ISLAMABAD
ROLE IN GAZA His return coincides with renewed pressure on Abbas to enact long-delayed reforms in the Palestinian Authority as it presses for a role in Gaza, lost to Hamas in 2007, despite Israeli objections and being sidelined in President Donald Trump’s plan. Gaza’s future governance has moved into focus as Trump has declared the conflict over. The next phase must tackle demands that Hamas disarm and end its rule in Gaza, from where it launched the Oct 7, 2023 raid on Israel. Although light on detail, Trump’s proposal foresees an internationally supervised technocratic Palestinian committee running Gaza, and the deployment of an international force that would support a new Palestinian police. Depending on how Trump’s plans evolve, Palestinian analysts say Qudwa could have a role, citing his ties to Arab states, his contacts with Hamas, standing as Arafat’s nephew and his Gazan origins: he was born in Khan Younis. “If I’m needed, I’m not going to hesitate,” Qudwa, 72, said. HAMAS TRANSFORMATION Qudwa’s ideas hinge on Hamas committing to ending both administrative and security control over Gaza and putting its
weapons under the control of a new governing body. Hamas has said it is willing to play no role in government, but has rejected disarmament. In return, “the door should be open for them for a political transformation
French premier suspends pension reform to save govt PARIS
aGENCIES
France’s Prime Minister Sebastien Lecornu on Tuesday backed the suspension of an unpopular 2023 pensions reform, in a key move to bolster his cabinet’s survival and draw his country out of political crisis. The eurozone’s second-largest economy has been battling a deep political crisis since President Emmanuel Macron called snap elec-
tions last year that were intended to consolidate his power but instead resulted in a hung parliament and gains for the far right. After parliament toppled his two predecessors over cost-cutting measures, Lecornu, the president’s seventh premier since 2017, is battling to keep his cabinet alive long enough to pass a much-needed austerity budget by the end of the year. One major sticking point for Lecornu was an unpopular 2023 pension reform that raised the re-
tirement age from 62 to 64, with the Socialists — a key swing vote in parliament — threatening to topple the premier unless it was immediately put on hold. During his policy speech on Tuesday, Lecornu said he supported suspending the reform — a move that could give the prime minister some breathing room from the immediate threat to his leadership. “I will propose to parliament this autumn that we suspend the 2023 pension reform
towards a political party”, Qudwa said. He said existing PA assets in Gaza should be used in a new police force, and that Gaza’s current police could be vetted and used as well. Hamas should be given as-
until the presidential election,” Lecornu said. “There will be no increase in the retirement age from now until January 2028.” The decision brought some relief for the embattled premier after the Socialists said they would not vote to oust him — for now. Socialist lawmaker Boris Vallaud called the move a “victory” for his party and said his group was ready to take a “gamble” to allow debates on the budget to proceed. “We are capable of compromise,” he said, before however adding a warning: “We are capable of bringing down a government.” The pension bill, which a previous government used a constitutional power to force through parliament without a vote, sparked months of angry protests.
Chinese envoy urges US to return to reason, stop applying maximum pressure WASHINGTON
Staff CorrESpoNdENt
Chinese Ambassador to the United States Xie Feng on Tuesday urged Washington to “return to reason” and “stop applying maximum pressure,” warning that “a tariff war or trade war should not be fought and cannot be won.” Speaking at the annual gala dinner of the National Committee on U.S.-China Relations, Xie said that “a tariff war or trade war will serve no one’s interest in the end.” “China does not want to fight such a war, but neither will we sit idly by when our rights and interests are harmed, and the international economic and trade rules as well as the multilateral trading system are undermined,” he said. He called on the United States to “work with China to resolve each other’s concerns through dialogue based on mutual respect and equalfooted consultation, and avoid treading the old path of escalating tensions in economy and trade, which will only lead nowhere.” Xie urged both countries to “unswervingly keep to the overall direction of mutual respect, peaceful coexistence and win-win cooperation.”
Dubai DIFC court fines Indian businessman BR Shetty $46m DUBAI
aGENCIES
The Dubai International Financial Centre (DIFC) Court has ruled that Indian businessman BR Shetty must pay roughly $46 million after being found to have provided false testimony regarding a personal guarantee for a $50 million loan in 2018. Justice Andrew Moran, presiding over the case, described Shetty’s statements as “an incredible series of lies and contradictory claims,” citing documentary evidence and photographs, including verified signatures, to support the court’s decision. The verdict includes an annual interest rate of 9%, which translates to an approximate daily interest of $11,341 until the loan is fully repaid.
surances. “Hamas needs to understand that nobody is coming after them, that some of these employees will be given another opportunity, that they will not be assassinated, that there will be an opportunity for them to participate in the political life.” He said a Palestinian “council of commissioners” could run Gaza. While Abbas could appoint its head, keeping a link between the West Bank and Gaza, Qudwa said he was not suggesting the “return of the (Palestinian) Authority as is to govern Gaza”. He said that international supervision would be “fine”, but Gaza must be run by Palestinians and they must be able to hold elections, last held in 2006. Qudwa declined to give details of the corruption that he referred to, but said he was “astonished” at how it had spread. The PA is widely seen as corrupt among Palestinians, opinion polls show. Political analyst Hani al-Masri said Qudwa could have a role in Gaza but Palestinian factions must first agree on a way forward. “No person alone can play a successful role without consensus,” he said. “The challenges are great. The most important is Israel, which does not want the PA to return to Gaza.”
China, Spain pledge to deepen comprehensive strategic partnership BEIJING
Staff CorrESpoNdENt
Chinese Foreign Minister Wang Yi met Spain’s Minister for Foreign Affairs Jose Manuel Albares Bueno on Wednesday in Hangzhou, with both sides pledging to advance the China-Spain comprehensive strategic partnership. Wang, also a member of the Political Bureau of the Communist Party of China Central Committee, said the two countries’ development strategies are highly compatible and have yielded fruitful results. Marking the 20th anniversary of the China-Spain comprehensive strategic partnership, Wang called the occasion a timely opportunity to upgrade bilateral ties. He urged both sides to build on the momentum, implement the consensus reached by the two leaders, and advance high-level exchanges with a long-term and strategic perspective. He said China welcomes Spanish companies to seize the opportunities of China’s vast market, expand investment,
and take part in the country’s green and digital transformation. Wang also called for deeper exchanges in education, culture and tourism, noting that China is ready to extend visa-free entry for Spanish citizens. Both countries, as major civilizations, should jointly uphold multilateralism, safeguard the UN-centered international system, and contribute to building a fairer and more equitable global governance framework. Member of the Political Bureau of the Communist Party of China Central Committee and Chinese Foreign Minister Wang Yi holds talks with Spain's Minister for Foreign Affairs Jose Manuel Albares Bueno in Hangzhou, China, October 15, 2025. /Chinese Foreign Ministry Member of the Political Bureau of the Communist Party of China Central Committee and Chinese Foreign Minister Wang Yi holds talks with Spain’s Minister for Foreign Affairs Jose Manuel Albares Bueno in Hangzhou, China, October 15, 2025.
NEWS 07
Thursday, 16 October 2025 | ISLAMABAD
CORPORATE CORNER
IGP Islamabad reviews SIPS projects, orders acceleration of reforms ISLAMABAD
staff report Inspector General of Police (IGP) Islamabad Syed Ali Nasir Rizvi, held an important meeting to review various ongoing development projects within the Islamabad Police. The review meeting was attended by Director Special Initiatives Shams-ul-Haq Durrani. During the meeting, he issued directives to make the ongoing initiatives and reform measures more effective, integrated, and dynamic. He also gave special instructions to enhance the professional capacity of the police force and improve public engagement. He emphasized that modern, technology driven policing is the need of the hour, and the SIPS plays a key role in this regard. He directed that the implementation of modern technology, expansion of Safe City initiatives, digitalization of public services, and overall system improvement should be accelerated. He further stressed that public convenience, safety, and trust must remain top priorities in all initiatives. The IGP Syed Ali Nasir Rizvi instructed Director SIPS to regularly monitor the progress of all ongoing projects and ensure their timely completion. He highlighted that better coordination, teamwork, and transparency across all police divisions are the foundation for establishing a modern and effective policing system. Islamabad Police remains committed to protecting the lives and property of citizens, upholding the rule of law, and delivering the best possible services and is taking every possible step to achieve these goals, IGP added.
foodpanda launches welfare and development program for riders KARACHI
staff report
foodpanda has announced a significant partnership with Al Qadir Welfare to enhance the wellbeing and provide long-term support for its rider community across Pakistan. This collaboration introduces a comprehensive welfare initiative, including the provision of free bike restoration services and the distribution of bikes at no cost to deserving riders, ensuring greater mobility and reduced operational burdens. Beyond physical assets, the partnership extends to critical areas such as healthcare support and skill development programs, all with the objective of empowering riders with enhanced financial stability and improved quality of life.
SSGC disconnects 600 illegal connections in scheme 33, Karachi KARACHI
staff report
The Sui Southern Gas Company Ltd., has been fighting the menace known as gas theft in its franchise areas of Sindh and Balochistan. The Security Services and Counter Gas Theft Operations (SS&CGTO), along with the Customer Relationship Department (CRD) and Recovery Department, has been carrying out surveys, and raiding theft infested colonies, to curb the rising incidences of gas theft. Recently, in Ayub Goth, Scheme 33, the team carried out a raid where they found 300 houses receiving gas illegally. Culprit had accessed the Company’s main distribution line to supply gas to the residents of Ayub Goth by charging Rs. 10,000/- as advance and Rs. 2,000/- as monthly payment. All illegal connections were dismantled on the spot, and FIR has been lodged against culprit Ahsanullah S/o. Ismail Shah, who was behind this heinous crime. Meanwhile, in another raid carried out in Gulshan-e-Jamali, Scheme 33, another main distribution line was found punctured, via which gas was being supplied to 300 houses. Culprits involved in this crime were charging Rs. 15,000/as advance and Rs. 1,500/- as monthly payment.
DIBPL, Fauree Tech Launch Pakistan’s first multi-product Shariah-Compliant digital supply chain finance platform KARACHI
staff report
Dubai Islamic Bank Pakistan Limited (DIBPL), one of the country’s leading Islamic banks, has partnered with Fauree Tech (Pvt.) Ltd., Pakistan’s pioneering digital supply chain finance platform, to launch the nation’s first-ever multiproduct, fully Shariah-compliant Digital Supply Chain Finance (DSCF) platform. The signing ceremony took place in Karachi in the presence of senior leadership from both organizations. Dubai Islamic Bank was represented by Mr. Muhammad Ali Gulfaraz, Chief Executive Officer; Mr. Mujahid Zuberi, Head of Corporate & Investment Banking; and Mr. Zaka Ur Rehman, Chief Digital Officer. Fauree Tech was represented by Mr. Azhar Tasadduq, Chief Executive Officer; Mr. Suhaib Dar, Director & Chief Business Officer; and Mr. Ezaaz Waseem, Head of Projects.
RURAL WOMEN ARE PUNJAB’S ECONOMIC BACKBONE, SAYS CM MARYAM
P
LAHORE
staff report
UNJAB Chief Minister Maryam Nawaz Sharif on Tuesday paid rich tribute to the hard work, resilience, and sacrifices of rural women, describing them as the backbone of the province’s agricultural and economic strength. In her message on the International Day of Rural Women, the chief minister said the day recognised the tireless contributions of women in villages to family welfare, community development, and the provincial economy. She called rural women “a living example of hard work, compassion, and responsibility,” whose labour “makes Punjab’s fields flourish, homes prosper, and the economy grow.” Maryam Nawaz said that rural
women were not merely workers but “active partners in Punjab’s journey towards progress and development,” adding that the protection of women, particularly those in rural areas, was her red line. She noted that the Punjab government had launched a series of initiatives to empower rural women by expanding opportunities, skills, and facilities. Women in rural areas, she added, were already benefiting from the Kissan Card, Livestock Card, and Himmat Card programmes. The chief minister said that Basic Health Units (BHUs) across Punjab were being upgraded to provide quality healthcare for women, while interest-free loans, laptops, and educational scholarships were transforming the lives of “rural daughters.” She said skill development programmes and livestock distribution schemes were also promoting self-em-
ployment and economic independence among women. Maryam Nawaz said her vision was for rural women to become not only farmers but also decision-makers and a powerful economic force. She reiterated that the goal of a strong, self-reliant, and prosperous Punjab could not be achieved
without their active participation. She added that the establishment of Virtual Police Stations would ensure the protection of women’s rights across all sections of society, reflecting the government’s commitment to building an inclusive and gender-equitable Punjab.
Randhawa, STZA chief review sitting up of special technology zone ISLAMABAD
staff report
Chairman Capital Development Authority (CDA) and Chief Commissioner Islamabad, Muhammad Ali Randhawa, and Chairman Special Technology Zones Authority (STZA) Azfar Manzoor, jointly chaired a high level meeting at CDA Headquarters regarding establishment of Special Technology Zone in Islamabad. The meeting was attended by Member Planning and Design CDA, Dr. Khalid Hafiz, along with Executive Director Aamir Saleemi (STZA) and other relevant senior officers of both organizations. The meeting discussed various proposals for establishing a Special Technology Zone in Islamabad. During the meeting, it was discussed that STZA will act as a regulator and will issue licenses to the Hi-Tech companies to be established in the proposed Special Technology Zone, while CDA would develop the Zone as a development agency. To proceed further, a joint working group will be formed to review various proposals along with analyzing the financial and operational aspects in this regard. The Joint Working Group would hold its regular meetings and prepare viable proposals which would be submitted to the Federal Government for appropriate decision. The meeting was briefed that hi tech companies and entrepreneurs associated with modern technology will thus establish their technology and production houses in the Special Technology Zone. The meeting was briefed on the proposed master
NHA’s revenue to be utilized for public safety; high level meeting ISLAMABAD
staff report
Federal Minister for Communications Abdul Aleem Khan has directed the National Highway Authority (NHA) to expedite efforts for the early launching of an Air Ambulance Service on Motorways and Highways to ensure the immediate transfer of accident victims to the hospitals. He emphasized that in the first phase, the heli service should commence with two helicopters while helipads should also be constructed in the hospitals to facilitate emergency landings as helicopters require minimal space for operation. Federal Minister made these remarks while chairing a high-level meeting at NHA Headquarters, attended by the Federal Secretary for Communications, the Chairman of NHA and other senior officers. Abdul Aleem Khan stated that effective measures are being implemented to address road accidents on Motorways. He stressed that speed control, vehicle fitness and driver training must be ensured and that prompt medical assistance to accident victims can help save precious lives. He called upon officers to remain committed to protecting citizens’ lives and to pursue the Air Ambulance initiative with a sense of national responsibility, in collaboration with relevant institutions.
plan for the Special Technology Zone. It was informed that Special Technology Zone in Islamabad will include a technology zone, as well as high-tech production zone. The meeting was informed that special concessions including rebate in taxes and duties will be offered after the decision of the Federal Government. Chairman CDA Muhammad Ali Randhawa said that establishment of Special Technology Zone for making Islamabad a technopolis city is the top most priority of CDA in collaboration with STZA. He said that a viable and sustainable model is being prepared by reviewing the financial aspects of the project on the basis of best practices which will play a vital role in promoting technology thus making Islamabad a technology hub and technopolis city. Chairman CDA Muhammad Ali Randhawa said that Special Technology zone will also create employment opportunities in the technology sector within Islamabad. Concluding the meeting, the Chairman CDA reaffirmed the commitment to fully utilize the technical expertise and experience of STZA to ensure the success of this project after the decision of Federal Government.
HRH Crown Prince Announces ‘King Salman Gate’ Project in Makkah KARACHI
staff report
His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince, Prime Minister and Chairman of the Board of Directors of RUA AlHaram AlMakki Company, announces the launch of King Salman Gate, a transformative multi-use development in the Holy City of Makkah. Spanning up to 12 million sqm Gross Floor Area adjacent to AlMasjid AlHaram, the project marks a major milestone in the development of Makkah and its central area, establishing it as a global benchmark in modern city planning. King Salman Gate’s urban development and infrastructure transformation will contribute to enhancing access to AlMasjid AlHaram, elevating service quality, and enriching every visitor’s journey, in alignment with the goals of the Pilgrim Experience Program. Strategically located next to AlMasjid AlHaram, the integrated mixed-use destination will prioritize further elevating the levels of currently provided services, while offering residential, hospitality, commercial and cultural experiences. With capacity for around 900,000 indoor and outdoor praying spaces.
MG Pakistan celebrates 5 years of setting standards in Pakistan KARACHI
staff report
MG Pakistan proudly marks its fifth anniversary, celebrating five years of redefining automotive excellence and customer experience in Pakistan. To commemorate this milestone, MG Pakistan has launched its “5 Years of Setting Standards” campaign — a celebration of the brand’s journey and the strong community it has built over the years. As part of this celebration, MG is extending exclusive limited-time offers for its clients, including five years of free periodic maintenance (valued up to PKR 800,000) and 0% markup with interest-free financing on the Pakistan's first locally assembled PHEV True Hybrid Electric. “Completing five successful years in Pakistan is a proud moment for us. MG has grown from a global brand to a household trusted name that represents quality, innovation, and sustainability. This celebration is dedicated to our customers, whose trust and loyalty have driven our success. We look forward to continu-
ing this journey by delivering cutting-edge mobility solutions and exceptional service in the years to come. Over the past five years, MG Pakistan has introduced a range of vehicles combining advanced technology, comfort, and design excellence — including hybrid and electric models that align with the country’s vision for sustainable transportation. As part of a globally renowned automotive brand with a rich British legacy and presence in over 100 countries, MG has played a pivotal role in transforming Pakistan’s automotive landscape. The company has consistently led innovation — being the first to introduce Plug-in Hybrid and Electric Vehicles, ADAS (Advanced Driver Assistance Systems) safety features, six airbags, a 360-degree camera, adaptive cruise control, and ambient lighting. These industry-first innovations have made MG a trailblazer in zero-emission technology, safety, and comfort, solidifying its position as one of Pakistan’s most progressive and customer-focused automobile brands.
Jazz recognized by FBR as a top taxpayer for FY 2024–25 ISLAMABAD
staff report
Jazz, Pakistan’s leading digital operator, has been recognized by the Federal Board of Revenue (FBR) as one of the country’s top compliant taxpayers for the fiscal year 2024–25. A high-level delegation from the Large Taxpayers Office (LTO), Islamabad, visited the Jazz Headquarters on Tuesday to present the recognition shield, acknowledging the company’s significant contributions to the national economy. The award was presented by Zafar Iqbal Khan, Chief Commissioner Inland Revenue, LTO Islamabad, to Farrukh Khan, Chief Financial Officer, Jazz, in the presence of senior representatives from both organizations. “This recognition by FBR is a proud moment for us and reinforces Jazz’s commitment to responsible corporate citizenship. As one of Pakistan’s largest taxpayers, we remain dedicated to fulfilling our obligations with transparency and consistency. Beyond compliance, our focus continues to be on driving innovation and delivering digital services that empower millions of Pakistanis, contributing to the nation’s socio-economic progress.” This recognition underscores Jazz’s continued role as a key driver of Pakistan’s digital economy. Over the years, the company has not only remained among the nation’s largest taxpayers but has also invested over USD 11 billion in digital infrastructure and services to enable inclusive growth and sustainable development.
Sukkur IBA University shines in The World University rankings 2026 SUKKUR
staff report
IBA University has once again brought pride to Pakistan by securing a place in the prestigious Times Higher Education (THE) World University Rankings 2026. Among 2,191 participating institutions worldwide, Sukkur IBA University has been placed in the 601–800 band, reaffirming its strong commitment to academic excellence, research quality, and global engagement. This remarkable achievement places Sukkur IBA University in the 2nd tier among the top 8 ranked universities of Pakistan and makes it the only university from Sindh Province to earn this global recognition. This milestone underscores the university’s dedication to quality education, impactful research, and sustainable development — aligning with international standards and best practices. Congratulations to the entire Sukkur IBA University community — faculty, staff, students, alumni, and partners — for their collective efforts and commitment that continue to elevate the university’s global standing.
Legal action to be taken against parents refusing polio vaccination KARACHI
staff report
Member of the National Assembly, Dr. Mirza Ikhtiyar Baig, today reviewed the ongoing polio campaign in his constituency NA-241, District South, and held crucial talks with Deputy Commissioner South, Javed Nabi Khoso, and Assistant Commissioner Civil Lines, Ahmad Murtaza. Dr. Baig has decided to take immediate legal action against parents in certain areas of his constituency who are refusing to cooperate with the polio vaccination campaign. To make the campaign successful, he has also requested support from the Chief Minister of Sindh and the Commissioner of Karachi. In Shah Rasul Colony, six parents had initially refused to vaccinate their children, but after the intervention of PPP councilors and other local representatives, four parents have now agreed to vaccinate their children.
IMF ReaCHeS StaFF-LeveL deaL wItH PaKIStan FOR $1.2b In new LOanS
Thursday, 16 October, 2025
prayer tiMings
NEWS
t
PROFIT
news Desk
HE International Monetary Fund (IMF) has reached a staff-level agreement with the Pakistani authorities on the second review of the 37-month Extended Arrangement under the Extended Fund Facility (EFF) and the first review of the 28month arrangement under the Resilience and Sustainability Facility (RSF), the global lender said in a statement. The staff-level agreement is subject to approval by the IMF Executive Board. Upon approval, Pakistan will have access to about $1.0 billion (SDR 760 million) under the EFF and about $200 million (SDR 154 million) under the RSF, bringing total disbursements under the two arrangements to about $3.3 billion. An IMF team, led by Iva Petrova, held discussions during September 24-October 8, 2025, mission to Karachi and Islamabad, and in Washington DC, for the second review under the Extended Fund Facility (EFF) and the first review under the Resilience and Sustainability Facility (RSF). At the conclusion of the discussions, Ms. Petrova issued the following statement: “Supported by the EFF, Pakistan’s economic program is entrenching macroeconomic stability and rebuilding market confidence. The recovery remains on track, with the FY25 current account recording a surplus—the first in 14 years, the fiscal primary balance surpassing the program target, inflation remaining contained, external buffers strengthening, and financial conditions improving
Petrol price slashed by Rs5.66, diesel by Rs1.39 for second half of October Government announces fresh fuel price adjustment effective from October 16 to 31 LAHORE
staff report
The government on Tuesday announced a downward revision in petroleum prices, providing some relief to consumers amid easing global oil rates and a relatively stable rupee. According to a notification issued by the Ministry of Finance, the price of petrol has been reduced by Rs5.66 per litre, while high-speed diesel (HSD) has been cut by Rs1.39 per litre. The new rates will be effective from October 16 to October 31, 2025. Following the revision, the new prices are expected to reflect a modest reduction in transport and commodity costs, offering temporary relief to the public after months of price volatility. Future price movements will likely depend on global crude trends and local currency performance against the US dollar.
LHC to hear appeal against Shah Mahmood Qureshi’s acquittal
as sovereign spreads have narrowed significantly. However, the recent floods- which have affected nearly 7 million people, caused over 1,000 deaths, and severely damaged housing, public infrastructure, and agricultural land- have weighed on the outlook, particularly of the agriculture sector, bringing down the projected FY26 GDP to about 3 1⁄4 -3 1⁄2 percent. The floods underscore Pakistan’s high vulnerability to natural disasters and substantial climate-related risks, and the continuing need to build climate resilience. “The authorities reaffirmed their commitment to the EFF- and RSF-supported programs, and to maintaining sound and prudent macroeconomic policies while advancing ongoing structural reforms.
The authorities’ policy priorities include: Continuing fiscal consolidation: The authorities remain committed to meeting the FY26 budget primary surplus of 1.6 percent of GDP, anchored in sustained efforts to mobilize revenue through tax policy and compliance measures, and stand ready to take necessary actions should revenue shortfalls risk program targets. At the same time, the authorities are assessing the flood damage and are providing urgent flood relief support in the affected provinces via reallocations in the provincial and federal budgets. Strengthening poverty reduction and social protection: As social protection remains a key pillar of the EFF-supported program, the authorities are working to enhance the generosity, coverage, and administrative capacity of the Benazir Income Support Program (BISP). They are also committed to scaling up non-BISP
health and education spending at both the federal and provincial levels to support inclusive growth and safeguard vulnerable populations. Advancing fiscal structural reforms: Efforts are underway to enhance revenue mobilization, broaden burden-sharing between federal and provincial governments, and strengthen public financial management. In particular, recognizing the provinces’ vital role in domestic revenue mobilization, the federal authorities will continue deepening collaboration with provincial counterparts. The authorities are also making important progress in strengthening tax policy design, with the newly established tax policy office, which will lead medium-term reforms to simplify the tax code and reduce reliance on ad hoc measures. Maintaining an appropriately tight and data-dependent monetary policy: The State Bank of Pakistan (SBP) remains committed to a prudent monetary policy stance, guided by incoming data, including the impact of recent floods and the evolving economic recovery, to ensure inflation remains durably within its target range of 5-7 percent. While the floods are likely to have a temporary impact on prices, the SBP stands ready to adjust its policy stance should price pressures intensify or inflation expectations become unanchored. While the sustained buildup of international reserves is welcome, further steps are needed to deepen the foreign exchange market to facilitate transactions, support price discovery, and cushion external shocks. Restoring the viability of the energy sector: The authorities remain committed to pre-
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PM Shehbaz welcomes staff-level deal as confidence boost for Pakistan’s economy PROFIT
Monitoring Desk
Prime Minister Shehbaz Sharif on Wednesday welcomed the staff-level agreement with the International Monetary Fund (IMF) for $1.2 billion, describing it as a clear sign of confidence in Pakistan’s macroeconomic stability and reform momentum. In a statement issued after the deal was finalized under the Extended Fund Facility (EFF) and the Resilience and Sustainability Facility (RSF), the prime minister said the IMF’s approval underscored satisfaction with the pace of economic growth and institutional reforms being implemented by the government. Shehbaz praised Finance Minister Muhammad Aurangzeb, the Minister of State for Finance, the Federal Finance Secretary, and their respective teams for their “dedicated efforts” that led to the successful conclusion of the agreement. “The economy is moving in the right direction. We will take all necessary measures for Pakistan’s development and prosperity,” the prime minister affirmed, reiterating his government’s commitment to sustaining the reform agenda and ensuring continued economic progress.
venting the accumulation of circular debt through timely tariff adjustments that ensure cost recovery and maintaining a progressive tariff structure.
Governor Kundi administers oath to newly-elected KP CM to ‘end political deadlock’ PESHAWAR
staff report
Khyber Pakhtunkhwa Governor Faisal Karim Kundi on Wednesday administered the oath of office to newly elected Chief Minister Sohail Afridi at the Governor House, formally ending days of political deadlock and uncertainty triggered by the resignation dispute of former CM Ali Amin Gandapur. The ceremony—attended by senior political leaders, lawmakers, and top provincial officials—marked the culmination of a tense standoff between the PTIled provincial government and the Governor House, which had delayed Afridi’s oath on legal grounds until the Peshawar High Court intervened and directed the governor to administer it by 4pm on October 15. Prominent attendees included KP Assembly Speaker Babar Saleem Swati, Deputy Speaker Suraiya Bibi, former governor Shah Farman, PTI provincial president Junaid Akbar, party’s central secretary general Salman Akram Raja, as well as senators, MNAs, MPAs, and senior
bureaucrats including Chief Secretary Shahab Ali Shah and IGP Zulfiqar Hameed. Governor Kundi congratulated Afridi on assuming office and expressed hope for his successful tenure. However, the event briefly descended into chaos when jubilant PTI workers rushed to the stage, chanting slogans and disrupting the proceedings. Afridi’s elevation as chief minister came on the direct instructions of PTI founder Imran Khan, who, according to
party sources, has also authorised the new CM to finalise his cabinet from among PTI’s elected representatives. Consultations with the party’s central leadership are said to be underway, with indications that some key ministers, including provincial finance adviser Muzzammil Aslam, may retain their portfolios. Earlier in the day, a PTI delegation led by Salman Akram Raja met Governor Kundi to convey the party’s stance on the
Former Sindh Assembly speaker Durrani passes away at 72
LAHORE
staff report
The Lahore High Court (LHC) has received an appeal challenging the acquittal of senior Pakistan Tehreek-e-Insaf (PTI) leader and former foreign minister Shah Mahmood Qureshi in the May 9 case. The prosecution has petitioned the high court, contending that the trial court’s decision to acquit Qureshi overlooked critical evidence and was inconsistent with the facts of the case. Authorities argue that the trial court did not adequately consider the material presented during proceedings and called for the reinstatement of charges against the PTI leader. Qureshi had previously been acquitted by an anti-terrorism court in Lahore in cases related to the arson attack and siege at Shadman police station, including the torching of police vehicles, which occurred during the unrest on May 9. The appeal seeks to annul Qureshi’s acquittal and reopen proceedings to ensure accountability in connection with the events.
FAJR SUNRISE 5:40
KARACHI
staff report
Agha Siraj Durrani, senior leader of the Pakistan Peoples Party (PPP) and former Speaker of the Sindh Assembly, has passed away at the age of 72, Sindh Chief Minister Murad Ali Shah confirmed on Wednesday. In a condolence statement, CM Shah described Durrani as a committed and principled political figure who con-
tributed significantly to strengthening democratic processes in the province. He highlighted Durrani’s focus on public service and expressed sympathy to the bereaved family. President Asif Ali Zardari also paid tribute, acknowledging Durrani’s efforts to support democratic governance and serve the people of Sindh. Prime Minister Shehbaz Sharif recognized his tenure as Sindh Assembly speaker and praised his dedication to
public welfare. Foreign Minister Mohammad Ishaq Dar remembered Durrani as an experienced parliamentarian and devoted public servant. Karachi Mayor Murtaza Wahab described him as a loyal party figure who stood by the PPP leadership during challenging periods. National Assembly Speaker Sardar Ayaz Sadiq referred to Durrani as a shrewd and capable politician whose absence would be deeply felt in the province’s political landscape. Born in 1953, Durrani completed his matriculation from St. Patrick’s School in Karachi in 1971. He earned a Bachelor of Commerce degree and later an LLB from Sindh Muslim Law College. Early in his career, he contested the 1985 non-party elections alongside his elder brother, Agha Salahuddin, but was not successful. In 1990, he was briefly imprisoned on embezzlement charges during the government of Nawaz Sharif. Durrani later served two consecutive terms as Sindh Assembly Speaker, from 2013 to 2018 and from 2018 to 2023, becoming a central figure in Sindh’s political affairs.
oath-taking issue. The meeting followed weeks of tension sparked by Gandapur’s resignation, which the governor initially refused to accept due to “discrepancies” between two separately signed letters dated October 8 and 11. Governor Kundi publicly shared his objections on X, citing mismatched signatures, while Gandapur maintained both letters were genuine. Amid the impasse, Speaker Swati convened the assembly session on October 13, during which Afridi— the PTI nominee—secured 90 votes to become the province’s 30th chief minister. The opposition, led by JUI-F’s Maulana Lutfur Rehman, staged a walkout, leaving all three of its candidates— from JUI-F, PML-N and PPP—without a single vote. Out of 145 total assembly members, Afridi comfortably crossed the required threshold of 73 votes. Following the high court’s ruling, Governor Kundi—who was in Karachi at the time—returned to Peshawar and complied with the court order, bringing an end to the week-long political crisis that had stalled the province’s administrative functioning.
PHC disposes of JUI-F plea against KP CM’s election PESHAWAR
staff report
The Peshawar High Court (PHC) on Wednesday disposed of a petition seeking to nullify the election of Khyber Pakhtunkhwa’s new chief minister, just hours before Governor Faisal Karim Kundi was scheduled to administer the oath to Chief Minister-elect Sohail Afridi. The petition, filed a day earlier by JUI-F leader Maulana Lutfur Rehman, had requested the court to declare Afridi’s election “illegal and void.” The PHC, however, directed Governor Kundi—who had been outside the province—to ensure that the oath-taking ceremony was held by 4pm. A two-member bench, comprising Justice Arshad Ali and Justice Waqar Ahmad, heard arguments from Barrister Yaseen, counsel for the petitioner, while PTI’s Salman Akram Raja appeared for the opposing side. Raja contended that the JUI-F petition had “become ineffective” in light of the PHC’s earlier order, but Justice Ali remarked that the bench would nonetheless hear the petitioner’s arguments. Barrister Yaseen argued that a new chief minister could not be elected until the resignation of former CM Ali Amin Gandapur was formally accepted, contending that under Article 105 of the Constitution, only the governor could acknowledge such a resignation.
‘Pleas Against 26th Amendment’: Justice Ayesha questions if Article 191A bars formation of full court ISLAMABAD
staff report
Justice Ayesha Malik on Wednesday raised a pivotal question about whether Article 191A of the Constitution, introduced through the 26th Amendment, effectively bars the formation of a full court of the Supreme Court—as the Constitutional Bench (CB) resumed hearing petitions challenging the amendment. The observation came as the eight-judge CB, headed by Justice Aminuddin Khan, continued hearing multiple petitions seeking to annul the 26th Amendment, which restructured the apex court’s powers, including curbs on suo motu jurisdiction and changes in the appointment process of the Chief Justice of Pakistan (CJP). Under the 26th Amendment, passed during an overnight joint sitting of Parliament in October last year, the CJP’s tenure was fixed at three years, and the Judicial Com-
mission of Pakistan (JCP) was empowered to nominate judges for a newly created “Constitutional Bench” to hear all constitutional matters. The legislation also gave a Special Parliamentary Committee the authority to appoint the CJP from among the three most senior judges. During Wednesday’s proceedings, Justice Ayesha questioned whether the addition of Article 191A meant that “a full court can no longer be convened” and asked, “Are we saying that the Judicial Commission ranks above the Supreme Court?” Senior lawyer Abid Shahid Zuberi, who continued arguments for the fourth consecutive hearing, maintained that a 16-member full court should hear the case, as that was the SC’s strength when the amendment was passed. Other petitioners—including Hamid Khan, Munir A. Malik, and Barrister Salahuddin Ahmed—have made similar requests. The bench, however, repeatedly questioned whether the CB had the power to
order the formation of a full court or to direct the JCP to nominate all sitting judges to the constitutional bench. Justice Mandokhail observed that “the SC could reverse any unconstitutional decision by the JCP,” while Justice Mazhar agreed with Justice Ayesha’s interpretation that a full court should not be deemed unconstitutional under Article 191A. Justice Mazhar noted, however, that “the Constitutional Bench can hear the case of the 26th Amendment,” and if needed, “all judges of the Constitutional Bench can be included,” but cautioned against “selecting some judges and excluding others.” Justice Aminuddin remarked that constitutional provisions “must be read as written,” warning against subjective interpretations. The bench asked Zuberi to clarify whether the matter should be referred to the CJP or the JCP if all judges were to be included in the bench. The 26th Amendment remains one of the most contested legislative changes to Pakistan’s judicial structure, with
critics arguing that it undermines judicial independence and subjects the appointment of the CJP and SC benches to parliamentary
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and executive influence. The hearing was adjourned till October 20 (Monday).