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PM SHEHBAZ URGES MUSLIM UNITY IN CALL WITH SAUDI CROWN PRINCE Thursday, 1 January, 2026 | 11 Rjabul Murajjab, 1447

PREMIER SHEHBAZ, MBS REAFFIRM PAKISTAN–SAUDI FRATERNAL TIES, STRESS DIALOGUE, DIPLOMACY FOR REGIONAL PEACE PM THANKS SAUDI LEADERSHIP FOR CONSISTENT SUPPORT AS MBS EXPRESSES DESIRE TO VISIT PAKISTAN NEXT YEAR

ISLAMABAD

Staff RepoRt

RIME Minister Shehbaz Sharif on Wednesday underscored the importance of unity and harmony within the Muslim Ummah during a “very warm and cordial” phone call with Saudi Crown Prince Mohammed bin Salman (MBS), reaffirming Pakistan’s deep fraternal ties with the Kingdom and commitment to regional peace and stability, the Prime Minister’s Office (PMO) said. During the call, PM Shehbaz conveyed his warm wishes to both Crown Prince Mohammed and King Salman bin

Rs 20.00 | Vol XVI No 177 | 8 Pages | Islamabad Edition

LEADERS REAFFIRM SHARED COMMITMENT TO FURTHER STRENGTHENING LONG-STANDING FRATERNAL BONDS

Pakistan expresses full solidarity with Saudi Arabia amid Yemen violence ISLAMABAD

Staff RepoRt

Pakistan on Wednesday expressed “complete solidarity” with Saudi Arabia amid a resurgence of violence in Yemen, reaffirming its commitment to the security of the Kingdom and support for lasting peace in the region, according to a statement issued by the Foreign Office (FO).

“Pakistan expresses complete solidarity with the Kingdom of Saudi Arabia and reaffirms its commitment to the security of the Kingdom,” the FO statement said. Islamabad also reiterated its support for the unity and territorial integrity of Yemen, as well as all efforts to establish lasting peace and stability in the country.

Abdulaziz Al Saud. “The prime minister thanked His Royal Highness for his warmth and affection towards Pakistan. Both leaders reaffirmed their shared commitment to further strengthening the longstanding fraternal bonds between both countries, which had attained new heights

in recent months,” the statement read. The telephonic talks followed a Foreign Office statement reaffirming Pakistan’s “complete solidarity” with

Saudi Arabia amid a resurgence of violence in Yemen.

(GHQ), according to a statement issued by the Inter-Services Public Relations (ISPR). Highlighting continued attempts by Indian-sponsored proxies to propagate violence and disrupt development, Field Marshal Munir reaffirmed that their designs would be thwarted through stern actions by the security forces to rid Balochistan of terrorism and unrest. “Reaffirming Pakistan’s commitment to regional peace and stability, the COAS and CDF emphasised that any violation of Pakistan’s territorial integrity, whether direct or indirect, will be met with a firm and decisive response,” the ISPR statement said.

The ISPR said the workshop focused on exploring Balochistan’s socio-economic development and its strategic importance for Pakistan. In his address, Field Marshal Munir paid tribute to the resilience of the people of Balochistan, underscoring their pivotal role in the country’s prosperity and development. “He lauded the wide-ranging initiatives being undertaken by the federal and provincial governments, highlighting a people-centric approach aimed at improving socio-economic conditions and unlocking the province’s vast economic potential for the benefit of its people,” the statement added.

According to the ISPR, the CDF also highlighted the role of civil society, particularly in countering disinformation and propaganda and driving sustainable development. “He stressed the importance of rejecting vested political agendas to ensure that Balochistan’s future is shaped by long-term prosperity for all its residents,” the statement said. Pakistan witnessed violations of its sovereignty by neighbouring countries India and Afghanistan in May and October, respectively.

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Any violation of Pakistan’s territorial integrity will draw firm response: CDF Field Marshal Munir RAWALPINDI

Staff RepoRt

Chief of Defence Forces (CDF) and Chief of the Army Staff Field Marshal Asim Munir on Wednesday warned that any violation of Pakistan’s territorial integrity will be met with a “firm and decisive” response, reiterating that the Armed Forces remain fully committed to safeguarding the lives and well-being of the country’s citizens, the military’s media wing said. The CDF made these remarks while addressing the 18th National Workshop on Balochistan at General Headquarters

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‘First handshake since May clash’: Pakistan, India officials make rare contact in Dhaka INDIAN FM JAISHANKAR APPROACHED NA SPEAKER AYAZ SADIQ AND EXTENDED A HANDSHAKE DURING KHALEDA ZIA FUNERAL DHAKA

Staff RepoRt

In a rare and symbolic gesture, Speaker of Pakistan’s National Assembly Ayaz Sadiq and Indian Foreign Minister Subrahmanyam Jaishankar shook hands in Dhaka on Wednesday, marking the first high-level contact between Pakistani and Indian officials since the May military conflict between the two countries. The encounter comes amid lingering tensions following the Pahalgam attack in Indian-administered Kashmir, which New Delhi blamed on Pakistan—a claim Islamabad has consistently denied while offering an independent probe. According to a press release from the NA Secretariat, Indian Minister Jaishankar approached Speaker Ayaz Sadiq and extended a handshake during Sadiq’s visit to Dhaka for former Bangladeshi Prime Minister Khaleda Zia’s funeral. “Indian External Minister Dr. S. Jaishankar approached the Speaker of the National Assembly and shook hands,” the release read. “During this interaction, Dr. S. Jaishankar introduced himself to the Speaker and mentioned that he had recognised him.” The statement added that since the Pahalgam incident, Pakistan has “consistently emphasised dialogue, restraint, and cooperative measures, including proposals for peace talks and joint investigations into the alleged false-flag Pahalgam incident, in order to prevent unprovoked aggression and escalation.” Following the attack, India imposed a series of unilateral diplomatic measures against Pakistan. Among the most severe was the suspension of the 1960 Indus Waters Treaty (IWT), a pact brokered by the World Bank that had endured through decades of conflict, making its suspension a significant escalation. India also closed the main border transit point and described the attack as a grave provocation warranting strong diplomatic, economic, and logistical pressure on Pakistan. Pakistan consistently called for an independent and transparent investigation, rejecting India’s accusations. Nevertheless, New Delhi carried out air strikes in Punjab and Azad Kashmir on May 7, triggering a four-day clash between the nuclear-armed neighbours. After reciprocal airstrikes on each other’s bases, US intervention on May 10 secured a ceasefire.

02 NEWS

Thursday, 1 January, 2026 | ISLAMABAD

FINANCE DIVISION SEEKS PM’S NOD FOR COMPULSORY DIGITAL PAYMENTS AT POINTS OF SALE

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DRAFT AMENDMENTS TO PAYMENT SYSTEMS AND ELECTRONIC FUND TRANSFERS ACT SENT FOR APPROVAL AS RAAST ADOPTION TARGETS SET FOR 2026 PROFIT

news desk

HE Finance Division has drafted amendments to the Payment Systems and Electronic Fund Transfers (PS&EFT) Act, 2007, to mandate at least one digital payment option, such as QR codes, at points of sale and empower local governments to enforce compliance, with the finance secretary having sent the proposal to the Prime Minister’s Office for in-principle approval ahead of its circulation to the cabinet. As part of the shift toward a cashless

Supernet Limited rebrands as Supernet Global to expand international ICT footprint

public finance ecosystem, the government has also established the Government Payments and Receipts Transformation Unit (GPRTU) under the Ministry of Finance. The unit will coordinate the digital enablement of government entities and oversee integration with Raast. The GPRTU will lead the digitisation of government-to-person (G2P) payments and person-to-government (P2G) collections, including building a government-facing Raast Connect, supporting onboarding to payment aggregators, re-engineering processes, and coordinating technical support with NITB and provincial IT boards.

Under the Cashless Pakistan initiative, the government has set targets for December 2026 to expand active digital merchants to two million, digital banking users to 120 million, and annual digital transactions to 15 billion. Non-tax P2G payments are targeted for full digitisation, while digital remittances credited directly to bank accounts are expected to exceed 80%. As of November 2025, Pakistan recorded 3.3 billion digital transactions, with 89% of certain P2G streams digitised. Financial inclusion stood at 67%, with a roadmap to reach 70% by 2026 and a narrowing gender gap in access.

Afghanistan bears heavier hit from trade halt, loses $173 million in exports g

PROFIT

PAKISTAN’S LOSSES ESTIMATED AT $222.5 MILLION OR 0.6% OF EXPORTS AFTER BORDER CLOSURE PROFIT

news desk

The suspension of bilateral trade between Pakistan and Afghanistan for nearly twoand-a-half months has imposed a far heavier economic cost on Kabul than Islamabad, with Afghan export losses running several times higher, according to trade data. The disruption followed a deterioration in relations over security concerns, after which Pakistan closed its border in October and Afghanistan suspended trade ties in early November. Since October 10, 2025, Afghanistan’s export losses are estimated at about 10% of its total exports, compared with roughly 0.6% for Pakistan. The uneven impact reflects deep asymmetries in trade dependence. Nearly 46% of Afghanistan’s exports are destined for Pakistan, including a significant share routed onward to India via the Wagah border. By contrast, Afghanistan accounts for around 3.46% of Pakistan’s global exports.

news desk

Supernet Limited has announced a strategic rebranding initiative under the name “Supernet Global” as part of its long-term plan to expand into international digital and ICT markets, according to a disclosure made to the Pakistan Stock Exchange on Wednesday. The company said the rebranding reflects its intention to selectively target high-growth regions, including the Middle East, Africa and Central Asia, while exporting Pakistanorigin digital, ICT and managed service expertise to global customers. Supernet stated that the move aligns with sustained growth in ICT spending across emerging markets, driven by government-led digitalisation programmes, rising cybersecurity investments, increased cloud adoption and enterprise modernisation. The company also highlighted continued medium- to long-term growth prospects in the global satellite communications sector, one of its core business areas. As part of the new strategy, Dubai has been designated as Supernet Global’s first regional hub, utilising its UAE-based subsidiary, Phoenix Global FZE, which has been operational since 2018. The company said it will serve enterprise, carrier and institutional clients across multiple regions, while technical delivery, engineering and managed services functions will continue to be based in Pakistan. The international service portfolio will include cybersecurity, cloud and data solutions, managed ICT services, Internet of Things platforms, enterprise connectivity through local partnerships and satellitebased connectivity solutions. Satellite services will remain a central component of the company’s international expansion model. Founded in 1995, Supernet has nearly three decades of experience in delivering mission-critical ICT services, satellite connectivity and managed services to sectors including banking, energy, telecommunications, government and large enterprises. Under the Supernet Global identity, the company aims to leverage this experience to expand internationally while contributing to Pakistan’s IT and services exports and generating foreign exchange through cross-border service delivery. Supernet clarified that the rebranding does not affect its existing operations in Pakistan, with all domestic customer relationships and commitments remaining unchanged.

The assessment excludes transit trade, which represents about 40% of Afghanistan’s total imports, further amplifying Kabul’s exposure. India has emerged as Afghanistan’s second-largest export destination, absorbing around 40% of its exports despite not sharing a border. Exports to other neighbours remain limited, with Iran at 1.94%, Uzbekistan at 3.14% and Tajikistan at 0.37%, underscoring the concentration of Afghan export markets in Pakistan and India. Afghanistan’s export mix adds to the vulnerability. Fruits and vegetables accounted for 71% of total exports in 2024, according to World Bank estimates, products for which alternative markets are harder to secure quickly. While Kabul may divert some imports toward Central Asia, Iran and India, replacing Pakistan as a primary export conduit remains challenging. For Pakistan, the immediate losses are smaller. Average export losses since Octo-

ber are estimated at $222.5 million, about 0.6% of total exports, compared with Afghanistan’s estimated $173 million, or roughly 10% of its average annual exports. Historically, Pakistan has run a trade surplus with Afghanistan. Pakistani exports fell after August 2021 but recovered to $1.39 billion in FY24, led by medicines, rice and cement. Afghan exports to Pakistan, meanwhile, stood at $612 million in FY25, keeping Pakistan as Kabul’s single largest market. The suspension is also accelerating shifts in sourcing. Afghanistan–Pakistan Joint Chamber of Commerce President Khan Jan Alokozai said Afghan traders are placing cement orders with Iran, Uzbekistan and Tajikistan, while medicines are increasingly being sourced from Turkey, Uzbekistan, Iran and India via air cargo. Pakistani pharmaceutical products still account for an estimated 60–70% of Afghanistan’s market, he said, but that share is under pressure. Transit trade trends point in the same

Pakistan plans first Panda bond issuance before Chinese New Year, finance minister says g

ness cooperation. The minister said agriculture, minerals and mining, artificial intelligence and the digital economy are priority sectors for Chinese investment, with an increasing focus on skills development and technology transfer. He cited training programmes for Pakistani agriculture graduates in Chinese universities and IT training initiatives supported by Chinese firms, including Huawei. Referring to global economic uncertainty and rising protectionism, Aurangzeb said Pakistan remains focused on deepening cooperation with China, including support during periods of economic stress and engagement linked to Pakistan’s International Monetary Fund programme. Aurangzeb said recent high-level engagements, including meetings on the sidelines of the Shanghai Cooperation Organisation summit in Tianjin, have provided a clearer economic roadmap for bilateral cooperation in the medium to long term.

AURANGZEB SAYS MOVE WILL DIVERSIFY FUNDING SOURCES AND DEEPEN PAKISTAN–CHINA ECONOMIC TIES PROFIT

news desk

Pakistan is preparing to issue its firstever Panda bond in China’s domestic capital market, Finance and Revenue Minister Muhammad Aurangzeb said on Tuesday, describing the move as part of a broader effort to diversify external financing and strengthen bilateral economic engagement. In an interview with China Global Television Network, Aurangzeb said the planned bond issuance reflects the evolution of Pakistan–China relations from infrastructure-led cooperation to a more market-oriented and diversified economic partnership. He said Pakistan hopes to launch the inaugural Panda bond before the Chinese New Year, adding that access to China’s capital market would help

reduce reliance on dollar-denominated borrowing while complementing eurobond and sukuk issuance. The finance minister said China remains Pakistan’s largest trading partner, with bilateral trade reaching nearly $17 billion during the first eight months of the year, adding that economic cooperation between the two countries has expanded steadily over recent decades. Aurangzeb noted that China has supported Pakistan at international forums and played a central role in its economic development, particularly through the China-Pakistan Economic Corridor. He said CPEC Phase-I focused on large-scale infrastructure projects, while Phase-II, formally launched after recent meetings with Xi Jinping and Li Qiang, aims to monetise existing assets and promote business-to-busi-

SBP buys $6.9 billion from interbank market in one year g

CENTRAL BANK BUYS $1BN FROM INTERBANK MARKET IN SEPTEMBER DESPITE PAYING $500 MILLION ON AN INTERNATIONAL BOND IN SEPTEMBER 2025 PROFIT

news desk

The State Bank of Pakistan’s foreign exchange intervention reached $6.9 billion in the one-year period from October 2024 to September 2025, following its latest dollar purchase from the interbank market. The central bank purchased $1 billion from the interbank foreign exchange market in September 2025, marking an increase in its market intervention compared

fee payments. Islamabad Capital Territory has already issued bylaws mandating digital payment solutions at retail outlets, while provinces are reviewing or drafting digital payment laws; all provinces except AJK have issued interim notifications requiring digital payment acceptance. Recent measures include a fully end-toend e-stamp solution for ICT integrated with the State Bank of Pakistan’s 1-Link system, removing the need for physical documentation. Digital connectivity has also been expanded in ICT, with internet access provided to schools and basic health units and free public Wi-Fi rolled out at major public locations.

Several federal entities, including the Power Division, Petroleum Division, Pakistan Railways, NADRA and Pakistan Post, are at various stages of transition, with full Raast-based integration planned by 2026. Major G2P disbursement bodies such as the Benazir Income Support Programme, Pakistan Military Accounts Department and Central Directorate of National Savings have set timelines for full digitisation between March and June 2026. At the provincial level, departments across Punjab, Sindh, Khyber Pakhtunkhwa, Balochistan and Gilgit-Baltistan are being prioritised for salary, pension, vendor and

with August, when net purchases stood at $257 million. Despite the dollar purchases, the SBP met its external payment obligations during the month, including repayment of a $500 million international bond in September 2025. The central bank had earlier told analysts, following its Monetary Policy Committee meeting, that it increased foreign exchange purchases from September onwards due to improved balance-of-payments conditions and better liquidity in the

interbank market. As of December 19, 2025, Pakistan’s total liquid foreign exchange reserves stood at $21.023 billion. Of this, reserves held by the SBP amounted to $15.903 billion, while net foreign reserves with commercial banks stood at $5.120 billion. The SBP’s reserves are projected to rise steadily to $17 billion by the end of June 2026, supported by expected official inflows, including disbursements under IMF programmes, potential international

debt issuances such as Eurobonds, Panda Bonds and Sukuk, as well as rollovers of deposits and loans from Saudi Arabia, United Arab Emirates and China. Pakistan’s current account balance is projected at 0–1% of GDP in FY26, with remittances expected to exceed $40 billion, easing pressure on the external account. Total external debt servicing requirements for FY26 are estimated at $25.8 billion, comprising $21.4 billion in principal repayments and $4 billion in interest. Of this amount, $4.4 billion has already been repaid, while rollovers worth about $5.3 billion have been secured. From the remaining $15.3 billion, around $9.3 billion is expected to be rolled over.

direction. Afghanistan’s imports totaled $10.8 billion in 2024, with Pakistan supplying about 32%. However, tighter controls and a growing negative list for transit cargo have reduced Afghan imports transiting Pakistan from $6.7 billion in FY23 to $1.01 billion in FY25, with industry estimates suggesting the figure could fall below $1 billion in FY26. Business groups on both sides have urged a resumption of trade, warning that prolonged disruption could lock in alternative routes and suppliers. Former Sarhad Chamber of Commerce and Industry president Muhammad Ishaq said uncertainty has also stalled planned industrial relocations, including textile operations that had begun shifting from Punjab to Central Asia. Analysts say the data underline a clear imbalance: while Pakistan faces manageable losses, the suspension risks accelerating structural shifts in Afghanistan’s trade that could be difficult to reverse even after borders reopen.

DG Khan Cement to set up Pakistan’s largest single clinker line with 11,000 tonnes per day capacity PROFIT

news desk

D.G. Khan Cement Company Limited has established a letter of credit to set up Pakistan’s largest single clinker production line with a capacity of 11,000 tonnes per day, according to a disclosure submitted to the Pakistan Stock Exchange (PSX) on Wednesday, in accordance with the Securities Act, 2015 and PSX regulations. The company said the new clinker line will be installed as a brownfield expansion at its Mauza Kholi Sattai site in Dera Ghazi Khan, marking a major capacity addition at an existing location. “This is to inform you that D.G. Khan Cement Company Limited has established a Letter of Credit for setting up Pakistan’s largest single clinker production line of 11,000 tons per day (Brownfield) at Mauza Kholi Sattai, Dera Ghazi Khan Site,” read the company’s notice sent to the local bourse. The disclosure indicates that the establishment of the letter of credit represents a key step toward execution of the project. Clinker capacity expansions are a critical component of cement sector growth, as they directly determine a plant’s ability to produce cement and manage costs efficiently, particularly during periods of rising demand. The company did not disclose the total project cost or timeline in the filing. However, the scale of the project positions it as the largest single-line clinker installation in the country to date. D.G. Khan Cement Company Limited, a Nishat Group company, is one of Pakistan’s leading cement manufacturers and operates multiple production facilities across the country. It was incorporated in 1978 as a public company limited by shares under the then Companies Act, 1913 (now Companies Act, 2017), and is primarily engaged in the production and sale of clinker, Ordinary Portland Cement and Sulphate Resistant Cement.

PAC flags Rs42b revenue loss at NHA from unpaid tolls, overloading fines PROFIT

news desk

The Public Accounts Committee (PAC) on Tuesday raised concerns over financial irregularities at the National Highway Authority, revealing unpaid toll tax dues of Rs26.4 billion and unrecovered penalties of nearly Rs16 billion from overloaded trucks, resulting in significant losses to the national exchequer. The meeting, chaired by Moeen Amir Pirzada, reviewed audit objections related to the Ministry of Communications for the financial year 2023–24. The committee examined 15 audit paras concerning toll collection, axle load enforcement and recov-

COMMITTEE ORDERS RECOVERY OF RS26.4B TOLL DUES AND RS16B PENALTIES WITHIN SET DEADLINES

ery mechanisms. Audit officials told the PAC that Rs26.4 billion in toll revenues remained outstanding against the NHA. Responding to the observation, NHA officials said the matter had been taken up with the National Logistics Cell, the Frontier Works Organisation and private contractors, adding that some amounts were being adjusted against allocations under the Public Sector Development Programme. Committee members questioned the absence of NLC and FWO representatives from the meeting and raised concerns over

accountability. Members also expressed alarm that firms with unpaid dues continued to receive new contracts. On toll collections, the PAC directed private contractors to clear outstanding dues within 60 days, while government-owned entities were given time until June. The chair warned that legal action would follow if recoveries were not completed within the stipulated period. The committee also took up audit objections related to losses from overloaded vehicles. Audit officials said penalties worth about Rs17 billion were imposed on roughly

18,000 overloaded trucks, but only around Rs1 billion had been recovered, leaving close to Rs16 billion unrecovered. Auditors maintained that the data was based on official NHA records from toll plazas. The Secretary of Communications disputed the audit figures, stating they were based on assumptions and related to a period before axle load control systems became fully operational. He said the NHA now operates 236 axle load checking systems and that monitoring covers about 90% of national highways and motorways. Representatives from the Auditor Gen-

eral of Pakistan rejected the claim, saying the data originated from the department itself. The PAC directed the ministry and audit officials to reconcile figures jointly before the next meeting. The committee was also informed that additional toll amounts remained recoverable from various entities, including Rs1.1 billion from the Federal Board of Revenue. Members expressed concern over the rising volume of unrecovered toll revenues and questioned why advance recovery clauses in contracts had not been enforced. The PAC directed that senior officials from NLC and FWO be summoned to the next meeting for a detailed briefing on recoveries and enforcement.

NEWS 03

PAkiStAN roLLS out firSt SkiLLS iMPACt boNd with rS1b PrivAte-fuNded PiLot

Thursday, 1 January, 2026 | ISLAMABAD

PROFIT

news desk

HE government has launched Pakistan’s first private-capital-funded Pakistan Skills Impact Bond (PSIB), with a Rs1 billion pilot tranche backed by a guarantee from the Ministry of Finance, marking a shift toward outcome-based financing for technical skills development. The three-year instrument aims to fund a scalable Technical Skills Development Programme, with payments linked to measurable outcomes including certification, job placement and at least six months of employment retention for trainees. Under the model, future tranches are planned to gradually link repayments to a

PM Shehbaz urges Muslim unity in call with Saudi Crown Prince CONTINUED FROM PAGE 01

The leaders also exchanged views on regional developments, with the prime minister emphasising the need to maintain unity and harmony within the ranks of the Ummah amidst current challenges. “While expressing Pakistan’s complete solidarity with the Kingdom, the prime minister said it was imperative to maintain regional peace and stability through dialogue and diplomacy,” the statement added. Crown Prince Mohammed thanked PM Shehbaz for the call and reiterated Riyadh’s desire to expand cooperation with Pakistan in all areas of mutual interest, also expressing his intention to undertake an official visit to Pakistan in the coming year.

PM DISCUSSES REGIONAL, GLOBAL DEVELOPMENTS WITH SAUDI AMBASSADOR: Earlier, PM Shehbaz held a meeting with Saudi Ambassador Nawaf bin Saeed Ahmad AlMalkiy to discuss regional and global developments. According to a PMO statement, the prime minister conveyed his warm wishes to King Salman and Crown Prince Mohammed, expressing satisfaction with bilateral ties between Islamabad and Riyadh. Ambassador Al-Malkiy relayed warm greetings from the Saudi leadership and reiterated the Kingdom’s desire to expand cooperation across all areas of mutual interest. “The Prime Minister reaffirmed his strong commitment and resolve to further deepen the long-standing fraternal bonds between both countries,” the statement said. PM Shehbaz also expressed gratitude for Crown Prince Mohammed’s support, which he said had brought the two countries closer than ever before, and recalled his meetings with the crown prince throughout the year, describing them as highly productive. He also appreciated Saudi Arabia’s consistent support for Pakistan in times of need.

Pakistan expresses full solidarity with Saudi Arabia amid Yemen violence CONTINUED FROM PAGE 01

The statement added, “Pakistan strongly opposes unilateral steps by any Yemeni party that may further escalate the situation, undermine peace efforts, and threaten the peace and stability of Yemen as well as that of the region,” while welcoming regional initiatives aimed at de-escalation. “Pakistan maintains its firm support for the resolution of the Yemen issue through dialogue and diplomacy and hopes that Yemen’s people and regional powers work together towards an inclusive and enduring settlement, safeguarding regional stability,” it said. Earlier, Prime Minister Shehbaz Sharif discussed regional and global developments in a meeting with Saudi Ambassador Nawaf bin Saeed Ahmad Al-Malkiy, according to a statement from the PMO.

PRIVATE-CAPITAL-FUNDED MODEL LINKS TRAINING PAYMENTS TO JOB OUTCOMES, RETENTION

small portion of trainee salaries, reducing reliance on sovereign guarantees and embedding longer-term financial sustainability through market-based mechanisms. The launch ceremony included the signing of financing documents such as investor and issuer agreements and was attended by senior government officials, development partners, private sector representatives and international organizations. Speaking at the event, Muhammad Aurangzeb, Federal Minister for Finance and Revenue, said the PSIB reflects a broader policy shift from traditional budget-based social spending to outcome-driven and accountability-focused financing. He said the government’s Rs1 billion

guarantee was intended as a catalytic, proofof-concept measure to attract private capital, with a clear roadmap to limit future government balance-sheet exposure and encourage participation from institutional and capital market investors. Aurangzeb said skills development and human capital are central pillars of Pakistan’s economic reform agenda, adding that large-scale upskilling and reskilling are necessary to translate demographic potential into sustained economic outcomes. He also highlighted the programme’s gender inclusion target, under which 40% of trainees will be women, following recommendations from the British Asian Trust.

The minister noted that the PSIB emerged from work undertaken by a multistakeholder Committee on Social Impact Financing, which developed Pakistan’s first Social Impact Financing Framework covering education and human capital, gender equality, health, population stabilisation, climate resilience, and poverty and migration. National Vocational and Technical Training Commission Executive Director Muhammad Amir Jan said the bond represents a transition toward a demand-driven and outcome-based skills ecosystem, supported by reforms in governance, financial transparency, provincial coordination and industry linkages. Federal Minister for Education and Pro-

WAPDA hydel plants generate 33.1b units in 2025, supply 30% of power mix g

RS3.83 PER UNIT HYDROPOWER; DAMS UNDER CONSTRUCTION TO ADD 9.7 MAF STORAGE AND RAISE CAPACITY TO 20,000MW PROFIT

news desk

Pakistan’s hydropower and water sectors recorded steady output in 2025, with Water and Power Development Authority (WAPDA) generating 33.12 billion units from its hydel stations, around 30% of total electricity produced in the national system during the year. WAPDA’s hydel electricity carried an average tariff of Rs3.83 per unit, remaining the lowest-cost source in the generation mix. Output came from 22 hydel power stations, led by Tarbela Hydel Power Station at 14.3 billion

units, followed by Tarbela Fourth Extension with 5.6 billion units, Ghazi Barotha Hydel Power Station at 6.5 billion units, and Mangla Hydel Power Station at 3.6 billion units. Warsak Hydel Power Station and Chashma Hydel Power Station contributed 0.77 billion units and 0.79 billion units, respectively, with the remaining 1.56 billion units generated by high-head, Jinnah and small hydel stations. Construction advanced during the year on eight WAPDA projects, including Diamer-Bhasha Dam, Mohmand Dam, Dasu Hydropower Project, Tarbela Fifth Extension and the Greater Karachi Bulk Water Sup-

ply Scheme (K-IV). The Mohmand Dam reached a milestone in August with the start of main dam filling. Preparatory works at Diamer-Bhasha and Dasu are nearing completion ahead of roller-compacted concrete placement scheduled for 2026. On completion, WAPDA’s ongoing projects are expected to add 9.7 million acre-feet of water storage and increase installed power capacity from about 9,500MW to roughly 20,000MW. The schemes will also provide 560 million gallons per day of municipal water— 260 MGD for Karachi through K-IV Phase-I and 300 MGD for Peshawar via Mohmand Dam.

Bid to classify REEVs as EVs by Chinese assembler, local importer faces industry resistance g

INDUSTRY WARNS TAX INCENTIVES FOR REEVS COULD DISTORT MARKET AND HIT REVENUES PROFIT

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A dispute has emerged in Pakistan’s auto sector over reported efforts to have Range-Extended Electric Vehicles (REEVs) classified as pure Battery Electric Vehicles (BEVs), a move industry stakeholders warn would allow vehicles with petrol engines to qualify for zero-emission tax incentives, potentially distorting competition and causing significant revenue losses. Dawn reported, citing industry sources as saying that a Chinese assembler and a local importer have approached the Customs Classification Committee to seek a reclassification of REEVs, which use electric motors for propulsion but rely on an onboard petrol engine to recharge the battery. Auto sector representatives argue

that granting BEV status to REEVs would allow vehicles that consume fuel and produce emissions to benefit from tax incentives reserved for zero-emission cars. They warned that such a change could result in significant revenue losses for the exchequer and create an uneven playing field for companies investing in fully electric technology. REEVs differ from BEVs in that they retain an internal combustion engine, which functions as a generator. Industry experts say this places them in the hybrid category rather than among pure electric vehicles. According to sector sources, international customs standards, including explanatory notes issued by the World Customs Organisation, classify any vehicle equipped with an internal combustion engine as a hybrid, regardless of how the wheels are driven.

The issue has been formally taken up by the Pakistan Automotive Manufacturers Association, which has cautioned authorities that misclassifying REEVs or plug-in hybrids as BEVs could lead to substantial tax leakage. Industry representatives also pointed to practices in China, where customs authorities classify REEVs as hybrids rather than electric vehicles. They said this weakens the case for treating such models differently in Pakistan. Under current policy, BEVs benefit from lower duties and taxes aimed at promoting a transition away from fossil fuels. Industry participants argue that extending the same incentives to REEVs would give them a cost advantage over fully electric vehicles and dilute the objectives of the government’s New Energy Vehicle policy. Analysts warn that if the classification is altered, imports of REEVs could increase primarily to exploit tax concessions, potentially slowing progress toward reducing oil dependence and emissions.

Govt plans expansion of PNSC fleet to 54 vessels, brings NLC into shipping Move aims to cut $6bn annual freight bill and raise national share in maritime cargo to 56% PROFIT

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The federal government has finalised a plan to revive and expand the Pakistan National Shipping Corporation (PNSC), including a decision to bring the National Logistics Cell into the shipping business, as part of efforts to reduce reliance on foreign vessels and lower freight-related foreign exchange outflows, according to a news report. Under the plan, the number of operational vessels owned by PNSC will be increased from 10 to 54 over the next five years. Officials said the corporation currently carries only about 11% of Pakistan’s commercial cargo, with nearly 90% of imports and exports transported by foreign shipping lines. As a result, Pakistan pays an estimated $6 billion annually in freight charges to international shipping companies. Officials said expanding the national fleet is aimed at retaining a larger share of this revenue within the country. Many of PNSC’s existing vessels are approaching the end of their operational life and are expected to become uneconomical to operate beyond 2030. The challenge is compounded by new environmental regulations introduced by the International Maritime Organisation, which require shipping operators to reduce carbon emissions. Despite the growth potential of Pakistan’s shipping sector, officials said the absence of private operators has limited competition and efficiency. The entry of NLC into maritime operations is intended to increase national cargo-carrying capacity and support fleet expansion. Under the proposed strategic partnership, the combined role of the government and PNSC in maritime freight is projected to rise from about 5% to 56% within five years. In value terms, this would increase their share of freight earnings from $162 million to around $1.785 billion. Officials said the plan is designed to strengthen Pakistan’s shipping capability, reduce dependence on foreign carriers and improve the country’s balance of payments over the medium term.

Any violation of Pakistan’s territorial integrity will draw firm response: CDF Field Marshal Munir CONTINUED FROM PAGE 01

The May conflict with India was triggered by an attack on tourists in occupied Kashmir, which New Delhi, without evidence, blamed on Pakistan. Islamabad strongly rejected the allegations and called for a neutral investigation. Despite this, India launched air strikes in Punjab and Azad Kashmir on May 7, sparking a four-day military clash between the two nuclear-armed neighbours. After titfor-tat strikes on each other’s airbases, American interven-

tion on May 10 led to a ceasefire. Meanwhile, in October, Pakistan-Afghanistan relations deteriorated over tensions linked to the banned Tehreek-i-Taliban Pakistan (TTP), with Islamabad urging Kabul to curb cross-border terrorism. Following border clashes on October 11, a temporary ceasefire emerged after talks in Doha and later in Istanbul, but successive rounds of negotiations failed to yield a durable solution despite mediation efforts by Turkiye and Qatar. Pakistan has also seen a sharp uptick in terrorist ac-

Pakistan, ADB sign $304.5m deals for coastal protection in Sindh, climate-smart farming in Punjab g

fessional Training Khalid Maqbool Siddiqui said the initiative was a step toward strengthening coordination and long-term planning in education and skills policy. The event was also addressed by Zafar Masud, who outlined the role of Bank of Punjab in the PSIB structure, and Asif Rangoonwala, who detailed the Trust’s role as programme manager. Matt Cannell spoke on the partnership with the Foreign, Commonwealth & Development Office, while Gulmina Bilal Ahmad reaffirmed NAVTTC’s commitment to delivering measurable outcomes for youth under the bond framework. Officials said the PSIB is intended to serve as a pilot for future social impact financing instruments, with the goal of scaling skills development through private capital and performance-linked funding.

PROJECTS INCLUDE $180.5M SINDH COASTAL RESILIENCE PLAN BENEFITING 3.8M PEOPLE AND $124M PUNJAB AGRICULTURE MECHANISATION PROGRAMME COVERING 30 DISTRICTS PROFIT

news desk

Secretary Economic Affairs Division, Muhammad Humair Karim, and Country Director of Asian Development Bank, Emma Fan, signing agreement between Pakistan and ADB on December 30, 2025 Pakistan on Tuesday signed two climate-focused financing agreements worth $304.5 million with the Asian Development Bank, aimed at strengthening coastal resilience in Sindh and promoting low-carbon, climate-resilient agriculture in Punjab. The agreements cover the Sindh Coastal Resilience Sector Project (SCRP) with a total cost of $180.5 million and the Punjab Climate Resilient and Low Carbon Agriculture Mechanization Project valued at $124 million, according to officials familiar with the signing. Under the Sindh project, financing includes $140.5 million from ADB, comprising a $140 million loan and a $0.5 million technical assistance grant, $40 million from the Green Climate Fund, and $20 million

in counterpart funding from the Government of Sindh. The initiative is designed to improve integrated water resource management, reduce flood risks, restore nature-based coastal protections, and strengthen institutional and community planning capacity. The SCRP is expected to directly benefit more than 3.8 million people across the coastal districts of

Thatta, Sujawal, and Badin, which are among the most exposed to climate-related flooding and sea intrusion. The Punjab Climate Resilient and Low Carbon Agriculture Mechanization Project will be financed through a $120 million ADB loan, a $4 million ADB grant, and $5 million in counterpart funding from the Government of Punjab. The programme will be implemented across 30 districts of the province. Officials said the project will expand access for small farmers to climate-smart agricultural machinery, promote circular agriculture practices to reduce crop residue burning, and establish testing and training facilities. The initiative also aims to support skills development and livelihood diversification for around 15,000 women. ADB representatives noted that the Sindh project targets long-term protection of coastal livelihoods, food security, and ecosystems, while the Punjab programme focuses on modernising agriculture, improving productivity, and reducing emissions from farming practices.

tivity, particularly in Khyber Pakhtunkhwa and Balochistan, since the TTP ended its ceasefire with the government in November 2022. The state has designated Balochistan-based terrorist groups as Fitna al-Hindustan to highlight India’s alleged role in terrorism and destabilisation inside Pakistan. Earlier this year, Pakistan ranked second in the Global Terrorism Index 2025, with deaths from terrorist attacks rising by 45 percent compared to the previous year. The index, published by the Institute for Economics and Peace (IEP), analyzes key global terrorism trends over the past 17 years.

04 COMMENT

‘It’s unfair!’

Bangladesh turmoil

Second loss in weeks

EGUM Khaleda Zia’s passing at the age of 80 may have been a relief for the family of a lady who had suffered more than her share of suffering, but it also meant that this was the second death the country had suffered in the run-up to the February 12 polls. Begum Zia’s death does formally deprive the Bangladesh Nationalist Party of its leader, but the rather inchoate student movement which had led to the fall of Sh Hasina Wajid in 2024. She went into exile in India, with a death sentence in absentia passed against her in absentia for her role in the attempted suppression of the students’ movement which ultimately brought her down. One of the leaders of that student movement, Sharif Osman Hadi, was recently gunned down, being shot in the head on December 12 and dying on December 18. He had indicated he was going to run as an independent in the coming election from a Dhaka constituency. Begum Zia’s death cements the position of her son Tarique Rehman as the leader of the BNP, and thus as the potential frontrunner in the elections. He is the son of President Ziaur Rehman who held office from 1977, when he took over through a military coup, to 1981, when he was assassinated in another coup. Mr Rehman recently returned to Bangladesh after 17 years in exile. Will the beginning of this generational change mark a new direction in Bangladeshi politics, which has been dominated by President Zia’s widow and the only surviving child of Shaikh Mujeebur Rehman over four decades. The Awami League has been banned,and will sit out these elections. The BNP has a soft spot for Pakistan, while not only did the Awami League tilt towards India, but Sheikh Hasina seemed to have more or less handed over her foreign policy to India. This has led to a certain revulsion of sentiment in Bangladesh against it. It should not lead to any wrong assumptions in Pakistan, but it might well mean that India will find itself unable to continue its domineering posturing in the region. Pakistan should limit itself to helping Bangladesh resist any excessive Ibdian demands. It may also look at the possibility of Bangladeshi help on such issues as the revival of SAARC and of the Indus Waters Treaty, both issues created by Indian obduracy and animus against Pakistan.

Is it, though?

haSaN aftaB SaEEd

HAT babies are born to parents with all sorts of religious backgrounds is a familiar objection that atheists raise against all religions. The argument goes something like this: Most people stick to whatever faith they happen to be born into. Since each religion declares that allegiance to it ensures salvation, it is hardly fair for those who are born to parents subscribing to the ‘wrong’ faith. There are all sorts of religions out there and nobody can speak for all of them. As far as the Quran is concerned though, it paints a completely different picture than the one presented by the atheist. The atheist is oblivious to it, however, on account of having never bothered to examine the Quranic position on fundamental questions. Not only does this omission on his part remove the very ground from under his argument, but it also makes the atheist guilty of venturing into strong opinion before getting his facts right. Nowhere does the Quran say that being born to, or belonging to, a Muslim household; or officially or nominally adhering to Islam guarantees Paradise. In fact, it rebukes the Jews for making a similar claim about their religion. The Quran explicitly states that whoever believes in God and the Judgment Day and performs good deeds will get his due reward. God certainly does not favour (or disfavour) anybody on account accidents of birth or club memberships alone. That God will judge every soul in its individual capacity is one of the recurring themes of the Quran. It is certainly not going to be the case of somebody scraping through on account of good luck or by virtue of kinship or affiliation to a group. According to the Quran, every man (Muslim or otherwise) is supposed to be able to give an account of his belief. It is upon critical self-examination of his views and a genuine first-hand appreciation regarding their veracity (or lack thereof) that he becomes a Muslim in the true sense of the word. In the process of figuring out the rationale behind his beliefs, he encounters many of his social, ethnic, gender-based, and age-related biases that may have tarnished them. He may need to discard many of them as a result, and adopt others in their stead. A Muslim can bypass this process no more than a non-Muslim can. For guidance is not something that is arbitrarily bestowed. It needs to be earned through honest, untiring effort. And it is a process that is supposed to continue as long as one lives. The 1980s’ chance conversation between Gary Miller and an Egyptian man vividly illustrates this point. In answer to the Egyptian’s question, Miller had told him that he had been a Muslim for ten years.

Dedicated to the legacy of late Hameed Nizami

Arif Nizami (Late) Founding Editor

‘Oh, longer than me!’ was the Egyptian’s response. Now, this was a man over 40 years old, who had probably been offering his prayers since he was 12. But he knew that he truly became a Muslim only when he figured out for himself that what he believed in was indeed true! This is what Imaan means– it is a bunch of views one adopts after having verified them for himself. Imaan, therefore, is nothing if it is not a conscious choice. Imaan in Islam is certainly not a mere pledge or profession of affiliation to a creed. Whether Muslim or otherwise, each one of us is supposed to reevaluate his religious worldview and commit to a certain way of life accordingly. This is how salvation is achieved. There is just no way around it. But how many Muslims appreciate this? It is easy to be so used to one’s Islam that one is unaware of it, just like fish are unaware of water that is all around. So is being lulled into a false sense of security by falling into the trap of thinking that it is enough to

Babar Nizami Editor Profit

It encompasses all fields

MuhaMMad Zahid Rifat

HE United Nations General Assembly had declared 2025 as the Year of Quantum Science and Technology under the leadership of the United Nations Educational, Scientific and Cultural Organization, highlighting the global importance of quantum education and research and for promoting global collaboration and addressing critical challenges in science and technology. Quantum mechanics education is a gateway to understanding the most revolutionary technologies of the future. Quantum mechanics is crucial in education for the future generations because it underpins many modern technologies and advancements. Quantum mechanics is not only essential for physicians but also for the professionals in the fields such engineering computer science, finance, and medicine. Quantum mechanics is the substratum of numerous technologies, including lasers, transistors, MRI scanners, and electron microscopes. Understanding quantum mechanics is vital for development of a workplace capable of innovation in the areas like quantum computing, materials science and medicine. Without a foundation in quantum mechanics, future engineers and scientists will not be well equipped for innovations in these fields. Quantum science is the essence of emerging technologies like quantum computing, quantum encryption, and quantum sensing which have the potential to revolutionize various industries. Quantum computing education goes beyond just quantum mechanics and algorithms. Incorporating interdisciplinary knowledge from computer science, ophysics, mathematics, and engineering. This approach fosters a significant role in interdisciplinary learning making it applicable to various sectors. For example, quantum computing plays a significant role in fields like cryptography and artificial intelligence, and educational programmes in quantum physics equip the students to work at the intersection of these areas. According to educational experts, it also fosters critical thinking and advanced problemsolving skills, preparing the students to thrive in a future increasingly shaped by quantum technologies. The quantum science education equips the students to navigate and lead in a

world where quantum technologies will be playing an increasingly pivotal role and to contribute to a rapidly evolving technological landscape. Therefore, embedding quantum into the educational curricula is not only a scientific necessity but also a strategic investment in the future of innovation. The abstract nature of quantum mechanics encourages the students to develop critical thinking and abstract reasoning skills, which are valuable across various disciplines. Introducing quantum concepts at an early age can also ignite curiosity and interest in STEM (Science, Technology, and Mathematics) fields among diverse student groups. Additionally, quantum mechanics also provides a framework for understanding fundamental cognitive patterns and the nature of scientific knowledge. Despite the complexity of quantum concepts, the future of Quantum Science Education is bright, driven by increasing investments in research, development, and educational programmes. Globally, many developed countries, in cooperation with the private sector companies, are investing heavily in quantum technologies, making the need for trained quantum experts more pressing than ever. As these technologies continue to evolve, so too will the curriculum and teaching methods used in quantum science education. Institutions worldwide are expanding their offerings, and partnerships with technology companies and research laboratories are providing the students with valuable real world experience. In the coming years, the growing demand for quantum researchers, engineers, and technologists will make quantum science education even more critical. This global need will

identify and being identified as a Muslim. The more one thinks one knows, the less one tries to do better. Being born to Muslim parents could work either way. It is certainly no ticket to Paradise. As a rule, it is neither easier for born Muslims, nor necessarily any more difficult for them as compared to anybody born into a different faith. While nobody has it easy, one individual’s test could very well be harder than another’s, depending not only upon his religious background, but also upon his health, intelligence, financial circumstances, professional opportunities, and the political and the historical landscape he is born in. All this diversity need not perturb anybody though. For the Quran makes it clear that God’s test is not of the one-size-fits-all variety. Instead, each individual will only be held accountable to the extent of his opportunities. Instead of absolute achievements then, what matters is what part of the available potential an individual succeeded in realizing. In Islam, what condemns an individual is not the views his parents inculcate in him as a minor, but his failure to check on things that he professes to believe when he is old enough to reason. The author is a connoisseur of music, literature, and food (but not drinks). He can be reached at www.facebook.com/hasanaftabsaeed

As a rule, it is neither easier for born Muslims, nor necessarily any more difficult for them as compared to anybody born into a different faith. While nobody has it easy, one individualÊs test could very well be harder than anotherÊs, depending not only upon his religious background, but also upon his health, intelligence, financial circumstances, professional opportunities, and the political and the historical landscape he is born in. All this diversity need not perturb anybody though. For the Quran makes it clear that GodÊs test is not of the one-size-fits-all variety. Instead, each individual will only be held accountable to the extent of his opportunities.

Quantum mechanics education M. A. Niazi

Editor Pakistan Today

Thursday, 1 January, 2026

create exciting opportunities for those equipped with the right skills and knowledge, making it an exciting field to pursue for anyone passionate about the future of science and technology. In view of the significance as already mentioned, the educational experts have recommended that the incumbent government headed by PM Shehbaz Sharif, the Federal Government, Higher Education Commission and all other concerned stakeholders must take into account the following: a. Encourage quantum educational programmes at all levels, from graduate to post-graduate levels, to build a strong quantum -literate workforce by searching for the existing quantum education programmes at these levels globally, b. Support the creation of quantum science curricula to prepare students for careers building by assessing the growing demand for skilled professionals in quantum technology and based on industry demand, c. Enhance /foster collaboration between academia, government, and industry to develop tailored training programmes, d. Establish initiatives to attract and retain a diverse talent pool in Quantum Information Science (QIS) related fields, e. Emphasize training in multidisciplinary skills, blending physics, computer science, mathematics, and engineering by analyzing training programmes focusing on multidisciplinary skills in quantum technology.

The writer is Lahore-based Freelance Journalist, Columnist and retired Deputy Controller (News) , Radio Pakistan, Islamabad and can be reached at zahidriffat@gmail.com

Editor’s mail

Send your letters to: Letters to Editor, Pakistan Today, 4-Shaarey Fatima Jinnah, Lahore, Pakistan. E-mail: letters@pakistantoday.com.pk Letters should be addressed to Pakistan Today exclusively

Addiction steals childhood

DRUG addiction among children in Pakistan is a growing but often ignored crisis. Many young children are being pulled into substance use due to factors that are deeply rooted in our society. A major reason is the easy availability of drugs near schools, parks and low-income neighborhoods. Dealers openly target children, taking advantage of weak monitoring and poor law enforcement. Poverty and street life also play a huge role. Thousands of street children use drugs to cope with hunger, pain and the harsh environment they live in. Peer pressure further pushes children toward addiction. Many start using drugs simply because their friends encourage them or older teenagers influence them. Family problems such as neglect, domestic conflict or parental addiction make children emotionally vulnerable, leaving them with no support or guidance. Meanwhile, weak law enforcement allows drug supply to continue unchecked. Dealers are rarely punished, which encourages the spread of drugs among young children. To protect our future generation, urgent action is needed. The government must strictly control drug sellers, especially around schools. Parents and teachers should raise awareness, and street children must be given protection, counseling, and rehabilitation. HASSAN SOOMRO SUKKUR

Redrawing won’t reform

RUMOURS about creating new provinces have resurfaced, prompting Bilawal Bhutto-Zardari to argue that leaders should first focus on South Punjab, where some consensus already exists, instead of debating many new units. The broader push for smaller provinces comes from frustration with weak local governments, which provincial leaders have consistently failed to empower despite constitutional requirements. However, dividing provinces won’t fix governance problems and may create political tensions, especially where there is little real public demand. The real solution lies in strengthening local governments, though any genuine, popular call for new provinces should still be discussed and decided democratically. Ultimately, administrative restructuring cannot substitute for meaningful devolution of power and resources. Without empowered local institutions, even newly drawn provinces risk repeating the same patterns of inefficiency and centralisation. MAHZAIB GHULAMJAN TURBAT

Women taxed by fear

Institutions worldwide are expanding their offerings, and partnerships with technology companies and research laboratories are providing the students with valuable real world experience. In the coming years, the growing demand for quantum researchers, engineers, and technologists will make quantum science education even more critical.

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THE women of Lahore continue to pay an oppressive ‘pink tax’ on transport every time they step out of their homes. This comes despite the rise of affordable transport options such as e-bikes. Women in Lahore are still forced to choose between affordability and safety every day. For female e-bike riders on the streets of Lahore, every ride comes with the expectation of being stared at, followed or harassed at traffic signals. As a student simply going to university, I have personally been the victim to countless unwanted stares followed by equally uncomfortable remarks from strangers on the street. It is a bleak reality, when a missing token can get your car confiscated and tinted windows can result in hefty fines, yet harassment against women on bikes carries no penalty at all. To avoid this, women feel forced to rely on expensive modes of transportation, like private cars or unreliable ride hailing services, not out of luxury but sheer necessity. In an increasingly precarious economy, this is a ‘tax’ on safe commuting that men simply do not have to pay, placing excessive strain on an already marginalised group. LAIBA JOHAR LAHORE

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A gathering under the Eurasian Sky Thursday, 1 January, 2026

COMMENT 05

A grouping of immense significance

dr muAhAmmAd AkrAm ZAheer

HE latest summit of the Eurasian Economic Union (EAEU) brought together the leaders of its five member states— Russia, Belarus, Kazakhstan, Kyrgyzstan, and Armenia— at a moment of significant transition in global economic and political affairs. President Vladimir Putin of Russia, President Alexander Lukashenko of Belarus, President Kassym-Jomart Tokayev of Kazakhstan, President Sadyr Japarov of Kyrgyzstan and Armenian Prime Minister Nikol Pashinyan convened to assess the trajectory of a regional bloc that, a decade after its creation, is still defining its place in an unsettled international environment. Established in 2015, the EAEU was designed to foster economic integration among post-Soviet states through the free movement of goods, services, capital, and labor. With a combined gross domestic product exceeding $2.5 trillion, the union represents a substantial economic space stretching from Eastern Europe to Central Asia. Yet its true significance lies not only in aggregate figures, but also in its ambition to function as a coordinated economic entity capable of shaping trade, regulatory standards, and development strategies across a vast region. In the summit, the agenda reflected both continuity and adaptation. Leaders reviewed ongoing EAEU activities, discussed ways to deepen economic integration, and examined progress toward the creation of a unified single market. Several documents were adopted, underscoring the bloc’s emphasis on institutional consolidation and legal harmonization. Among the most anticipated outcomes was the expected signing of a free trade agreement between the EAEU and Indonesia, following the conclusion of negotiations earlier in 2025. This agreement signals the union’s intention to expand its external economic ties beyond its immediate neighbourhood. President Putin’s characterization of the EAEU as a “self-sufficient centre of the

emerging multipolar world” set the tone for much of the discussion. His remarks were not merely rhetorical; they reflected a broader strategic vision in which regional organizations play a larger role as global economic power becomes more dispersed. In this view, the EAEU is not only a mechanism for internal coordination but also a platform for collective engagement with Asia, the Middle East, Africa, and Latin America. From Moscow’s perspective, the EAEU offers a framework through which Russia can maintain economic linkages and influence across Eurasia at a time when its relations with Western economies remain deeply strained. Emphasis on mutual trade growth, industrial cooperation, and infrastructure connectivity reflects an effort to reduce vulnerabilities and cultivate alternative markets. The summit’s focus on practical economic issues rather than abstract declarations, suggests an awareness of the need to demonstrate tangible benefits to member states. Belarus, represented by President Lukashenko, remains one of the strongest advocates of deeper integration. For Minsk, close alignment with Russia and participation in the EAEU provide access to markets, energy resources, and financial support. Bilateral talks between Putin and Lukashenko on the sidelines of the summit, covering defense and economic cooperation, highlighted the continued interdependence between the two countries. These discussions also illustrated how EAEU meetings often serve as venues for parallel bilateral diplomacy, reinforcing both formal and informal ties. Kazakhstan occupies a more nuanced position within the union. President Tokayev has consistently supported economic cooperation while emphasizing respect for national sovereignty and balanced foreign relations. For Astana, the EAEU is one pillar of a broader strategy that includes engagement with China, the European Union, and other regional partners. Kazakhstan’s interest lies

in ensuring that integration enhances trade efficiency and industrial development without constraining its diplomatic flexibility. Kyrgyzstan, as a smaller economy, views the EAEU primarily through the lens of labor mobility, remittances, and access to larger markets. President Japarov’s participation underscored the importance of addressing practical concerns such as customs procedures, technical standards, and support for small and medium-sized enterprises. For countries like Kyrgyzstan, grand strategy and more by everyday economic outcomes measure the success of the EAEU less. Armenia’s presence at the summit carried particular significance. Represented by Prime Minister Pashinyan, Armenia remains a member of the EAEU despite ongoing debates about its foreign policy orientation and security partnerships. While the Armenian presidency is largely ceremonial, Pashinyan’s role reflects Yerevan’s pragmatic approach to economic engagement. For Armenia, participation in the EAEU offers access to a large market and labour opportunities, even as it

In a world marked by shifting alliances and uncertain growth, the EAEUÊs efforts to deepen cooperation and expand its reach deserve close attention. The unionÊs future will not be decided in a single meeting, but each summit contributes to shaping a regional project that seeks relevance in an increasingly complex global landscape.

The events that defined world politics in 2025

The mentions of Trump in the files — combined with heavy redactions — have led to cries of a cover-up and ensured that the scandal will continue into 2026. Could this be Trump’s Watergate? The arrest of Rodrigo Duterte, the former president of the Philippines, in March and the imprisonment of Jair Bolsonaro, the former president of Brazil, in late November — demonstrated that strongmen can still be held to account for their actions

THE FINANCIAL TIMES gideon rAchmAn

NTERNATIONAL politics in 2025 was dominated by the return of Donald Trump to the White House. But the US president generates such a blizzard of news that it can be hard to remember everything that happened or to gauge its importance. So, looking back on the year, which events stand out as genuinely significant? JD Vance’s speech to the Munich security conference on February 14 opened up a deep split in the western alliance. Vance’s argument that alleged anti-democratic tendencies in countries like Britain and Germany are more of a threat to freedom in Europe than Russian aggression outraged his audience. On February 28, the vice-president played a central role in a televised confrontation with President Volodymyr Zelenskyy in the Oval Office. Vance chided the Ukrainian leader for alleged ingratitude, while Trump accused him of “gambling with world war three”. The conversation immediately raised fears that the US was poised to abandon Ukraine and to side with Russia. Although European leaders were able to help repair the relationship between the US and Zelenskyy, the Trump administration did in effect end direct financial and military support for Ukraine. Any suggestions that Vance’s speech or the Oval Office incident might have been eccentric aberrations were put to rest at the end of the year, with the issuance of America’s new national security strategy, which suggested that mass migration had put Europe at risk of “civilisational erasure” — and called for the US to support “patriotic” (ie far right) parties in Europe. “Liberation day” on April 2 was when Trump unveiled swingeing tariffs on virtually the entire world, including some uninhabited islands. Although the tariffs were subsequently modified, after a negative reaction in the bond markets, they made it clear that the Trump administration is intent on blowing up the global trading system that it inherited. Any suggestion that US trade policy would be aimed, above all, at isolating China, was ditched as America “tariffed” friend and foe alike. The four-day conflict between India and Pakistan in May was no border skirmish. Both countries conducted deep strikes on each other’s territory raising fears of what

might happen the next time these two nuclear-armed neighbours clash. The aftermath of the conflict also served to sour relations between the Trump administration and New Delhi — largely because India’s government, unlike Pakistan’s, refused to endorse Trump’s claim that he had ended the war (and therefore deserved a Nobel Peace Prize). The bombing of Iran in June finally saw Israel carry through on many years of threats to attack Tehran’s nuclear programme. The US initially stood aside. But Israel’s early successes and the lack of an effective Iranian response encouraged Trump to order US bombers to go after three nuclear sites. He later claimed that Iran’s nuclear programme had been completely obliterated. Many experts are sceptical. The implementation of the initial phase of the Gaza peace plan on October 10 attempted to draw a line under the conflict that began after the Hamas attacks on Israel of October 7 2023. The war led to an estimated 70,000 deaths in Gaza and an international backlash against Israel. By the end of the year, doubts about the implementation of the accord were mounting — with little sign that Hamas was prepared to disband or that international peacekeepers would indeed be deployed to Gaza, as the plan foresaw. The meeting between Trump and Xi Jinping in Seoul on October 30 marked a de-escalation in the US-China trade war. The true significance of the accord, however, was that China’s grip over the global supply of rare earths and critical minerals — inputs that are crucial for western industry — had forced the US to scale back its tariffs. The knowledge that the rare earths card can be played again, at any time, hands China a significant advantage in the US-China rivalry. Not everything significant that happened in 2025 involved Trump — at least not directly. The arrest of Rodrigo Duterte, the former president of the Philippines, in March and the imprisonment of Jair Bolsonaro, the former president of Brazil, in late November — demonstrated that strongmen can still be held to account for their actions. Brazil’s legal system was robust enough to imprison a former president for encouraging an attempted coup, after losing an election. Duterte’s extradition to The Hague to stand trial for crimes against humanity, committed during his “war on drugs”, demonstrated that the International Criminal Court still has teeth. The case will no doubt register with Benjamin Netanyahu and Vladimir Putin, both of whom have been charged by the ICC. The ICC has also announced that it is investigating possible war crimes carried out by the Rapid Support Forces militia in the Sudanese town of el-Fasher in October. The RSF, which is widely believed to be supplied by the United Arab Emirates, is thought to have massacred many thousands of people when it over-ran the town. The partial release of FBI files in the Jeffrey Epstein case in December ended the year on a bad note for Trump. The US president had fought hard to prevent the release of the files, before being compelled to do so by Congress. The mentions of Trump in the files — combined with heavy redactions — have led to cries of a cover-up and ensured that the scandal will continue into 2026. Could this be Trump’s Watergate?

navigates complex regional and domestic challenges. One of the most notable developments discussed at the summit was the anticipated free trade agreement with Indonesia. As Southeast Asia’s largest economy, Indonesia represents a significant partner for the EAEU’s external trade ambitions. The agreement is expected to reduce tariffs, streamline customs procedures, and open new avenues for cooperation in sectors such as agriculture, energy, and manufacturing. More broadly, it signals the EAEU’s intent to position itself as a credible economic partner beyond the Eurasian space. This outward-looking approach reflects an understanding that the union’s long-term viability depends on diversification. Internal trade among EAEU members has grown steadily, but external partnerships are essential for sustaining growth and attracting investment. By engaging with economies like Indonesia, the EAEU seeks to demonstrate that it is not an inward-looking bloc but a participant in global commerce. Yet challenges remain. Differences in economic structure, levels of development, and policy priorities among member states complicate efforts to create a truly unified market. Regulatory harmonization, while progressing, often encounters resistance at the national level. Moreover, geopolitical tensions and sanctions affecting some members create asymmetries that the union must manage carefully. The summit’s emphasis on adopting concrete documents suggests an awareness of these limitations. Incremental progress through agreed rules, shared standards, and coordinated policies may lack dramatic flair, but it forms the backbone of any durable integration project. In this sense, the EAEU

appears to be favoring steady institutional work over sweeping announcements. In assessing the significance of this summit, it is useful to view the EAEU not as a finished product but as an evolving experiment. Its members are bound by geography, history, and economic ties, yet they differ in outlook and ambition. The challenge lies in translating shared interests into collective action that delivers measurable benefits. President Putin’s framing of the EAEU as part of a multipolar order captures an aspiration that resonates with many non-Western states seeking greater autonomy in economic affairs. Whether the union can fulfill this role will depend on its ability to balance internal cohesion with external engagement, and political alignment with economic pragmatism. As the EAEU moves forward, its credibility will rest less on declarations and more on results: smoother trade flows, competitive industries, and partnerships that extend beyond symbolic agreements. The latest summit suggests that the leaders are aware of this reality. The task ahead is to ensure that integration remains a practical tool for development rather than a purely strategic slogan. In a world marked by shifting alliances and uncertain growth, the EAEU’s efforts to deepen cooperation and expand its reach deserve close attention. The union’s future will not be decided in a single meeting, but each summit contributes to shaping a regional project that seeks relevance in an increasingly complex global landscape.

The writer has a PhD in Political Science and can be reached at akramzaheer86@yahoo.com

You’ll never defeat us in Iran, President Trump We Iranians do not fear serious negotiations to achieve a fair deal. Such a deal must feature tangible and verifiable sanctions lifting

THE GUARDIAN

AbbAs ArAghchi

HILE Benjamin Netanyahu earlier this year achieved his dream of dragging the US into a military confrontation with Iran, it came at a steep and unprecedented cost for Israel. Seeing Netanyahu beg Donald Trump to be bailed out from a quagmire, a rising number of Americans openly acknowledge that Israel is not an ally but a liability. In September, the US’s Arab allies also reached the conclusion that we Iranians have always underscored: Israel’s recklessness is a threat to all. This reality is paving the way for whole new relationships that may transform our region. The US administration now faces a dilemma: it can continue writing blank cheques for Israel with American taxpayer dollars and credibility, or be part of a tectonic change for the better. For decades, western policy towards our region has been mostly shaped by myths originating from Israel. The war in June was momentous for a number of reasons, including how it exposed the cost for the west of mistaking mythology for strategy. Israel and its proxies claim a “decisive victory”, with Iran left weakened and deterred. Yet our vast strategic depth – the country covers an area the size of western Europe, and has a population 10 times that of Israel’s – meant that most of our provinces were untouched by Israel’s aggression. In contrast, all Israelis experienced the might of our military. The narrative of invulnerability – central to Israel’s myth-making machine – has been shattered. The manufactured crisis over Iran’s nuclear programme exemplifies how fiction authored in Tel Aviv and peddled by Israel’s proxies has fuelled unnecessary confrontation. For decades, we Iranians have emphasised that we do not seek nuclear weapons. This is not a tactical claim but a strategic doctrine grounded in religious, ethical and security considerations. Yet during President Trump’s first term, the US administration was misled into believing that Iran was nearing collapse, that the 2015 nuclear deal was a lifeline for us, and that abandoning the accord would compel us to quickly concede. Those myths encouraged Washington to abandon a functional

The US president has been fooled into seeing Israel as a reliable ally and Tehran as the enemy. We say he should consider the evidence and rethink

diplomatic framework in favour of “maximum pressure” that only produced “maximum resistance”. A growing number of Americans – particularly those who want a focus on rebuilding the US – are publicly acknowledging what has been taboo: that uncritical acceptance of Israel’s narratives has drained American resources, undermined American credibility, and entangled the US in conflicts that do not serve American interests. Over the past two years, the regime in Tel Aviv has killed tens of thousands of innocent Palestinians in Gaza and attacked Lebanon, Syria, Iran, Yemen and even Qatar. Nearly every other state in the region has been threatened. No responsible individual calls this aggression “self-defence”. There is another silver lining to recent events: the new impetus in our region to contain a shared Israeli threat. This has put a final nail in the coffin of the socalled Abraham accords and opened the door for novel cooperation. I have been made aware that there is an unprecedented willingness among mutual friends of Iran and the US to facilitate dialogue and underwrite the full and verifiable implementation of any negotiated outcome. It sounds promising. Despite Israel’s attack on diplomacy amid Iran-US nuclear negotiations, Iran remains open to an agreement that is built on mutual respect and mutual interest. That objective hinges on the US accepting that a negotiation is different from dictating the terms of a capitulation. Our people are well aware that President Trump is not the first US president to attack them, and have witnessed disastrous experiences of engaging with the US. If President Trump wants to win their trust, and stand by his pledges to his own supporters at home, he should do what none of his predecessors have achieved: finally end an unnecessary crisis by pursuing peace through diplomacy. The first step is to address the Iranian nation with a language of respect, without ifs and buts. Iran has never desired a war with the US: our generals’ restraint in June – the only reason US military installations in our region are still intact – proves this point. That restraint should not be mistaken for weakness or assumed to be endless. The world should also know that Iranians will never abandon their rights. Enjoyed by all signatories to the nuclear non-proliferation treaty, those rights include access to all aspects of peaceful nuclear technology. We Iranians do not fear serious negotiations to achieve a fair deal. Such a deal must feature tangible and verifiable sanctions lifting. The shifts in our region can enable implementation of understandings in a whole new way. For those willing to go where no one has gone before, there is a brief window of opportunity. Fortune favours the brave, and it takes a lot more guts to break an evil cycle than to simply perpetuate it. Seyed Abbas Araghchi is the Iranian foreign minister.

06 NEWS

ASIA RINGS IN 2026 WITH AUSTRALIA HOSTING DEFIANT CELEBRATION AFTER MASS SHOOTING

Thursday, 1 January 2026 | ISLAMABAD

MELBOURNE, AUSTRALIA Agencies

UCKLAND was the first major city to ring in 2026 with a fireworks display launched from New Zealand’s tallest structure, Sky Tower, followed by a defiant celebration in Australia in the aftermath of its worst mass shooting. South Pacific countries were the first to bid farewell to 2025. Clocks stuck midnight in Auckland 18 hours before the famous ball drop in New York’s Times Square. The fiveminute display involved 3,500 fireworks. DEFIANT CELEBRATION IN AUSTRALIA AFTER WORST MASS SHOOTING Australia’s east coast welcomed 2026 two hours after New Zealand. In Sydney, the country’s largest city, celebrations were held under the pall of Australia’s worst mass shooting in almost 30 years. Two gunmen targeted a Hannukah celebration at Bondi Beach on Dec. 14, killing 15 and wounding 40. A heavy police presence monitored the thousands who thronged to the waterfront to watch a fireworks show centered on the Sydney Harbor Bridge. Many officers openly carried rapid-fire rifles, a first for the annual event. An hour before midnight, the massacre victims were commemorated with a minute

of silence while images of a menorah were projected on the bridge pylons. The crowd was invited to show solidarity with Australia’s Jewish community. New South Wales Premier Chris Minns urged Sydney residents not to stay away through fear, saying extremists would interpret smaller crowds at New Year’s Eve festivities as a victory. “We have to show defiance in the face of this terrible crime and say that we’re not going to be cowered by

this kind of terrorism,” he said. INDONESIA AND HONG KONG HOLD SUBDUED EVENTS In Indonesia, one of Australia’s nearest neighbors, cities scaled back festivities as a gesture of solidarity with communities devastated by floods and landslides that struck parts of Sumatra island a month ago, claiming more than 1,100 lives. The capital, Jakarta, was not ringing in 2026 with its usual fanfare, choosing sub-

dued celebrations with a program centered on prayers for victims, city Gov. Pramono Anung said last week. Makassar Mayor Munafri Arifuddin urged residents of one of Indonesia’s largest cities to forgo parties, calling for prayer and reflection. “Empathy and restraint are more meaningful than fireworks and crowds,” he said. Concerts and fireworks on Indonesia’s tourist island of Bali were canceled and replaced with a cultural arts event featuring traditional dances. Hong Kong, too, was ringing in 2026 without the usual spectacle in the sky over iconic Victoria Harbor, after a massive fire in November killed at least 161 people. The facades of eight landmarks were turning into giant countdown clocks presenting a three-minute light show at midnight. Many parts of Asia welcome the new year by observing age-old traditions. In Japan, crowds were gathering at a Buddhist temple in Tokyo for a bell striking at midnight. In the South Korean capital, Seoul, a bell tolling and countdown ceremony were being held at the Bosingak Pavilion. BERLINERS CELEBRATE IN SNOWFALL Tourists and Berliners alike marked the end of 2025 by enjoying snowfall, taking selfies and making snowmen in front of the German capital’s cathedral and the iconic Brandenburg Gate. The Berlin TV Tower was nearly invisible thanks to the falling

Bangladesh mourns ex-PM Khaleda Zia with state funeral DHAKA

Agencies

Bangladesh bade farewell on Wednesday to former prime minister Khaleda Zia in a state funeral drawing vast crowds, mourning a towering leader whose career defined politics for decades. Khaleda, the first woman to serve as prime minister in the South Asian nation of 170 million people, died on Tuesday aged 80. Flags were flown at half-mast, and thousands of security officers lined the streets as her body was carried through the streets of the capital

Dhaka in a vehicle in the colours of the national flag. Large crowds had gathered outside parliament—many waving national flags or those of Khaleda’s Bangladesh Nationalist Party (BNP)—where the funeral prayers were held at around 3pm local time, according to Dhaka-based Daily Star. Khaleda was laid to rest alongside her late husband, Ziaur Rahman, who was assassinated in 1981 during his time as president. The burial took place at around 4:30pm local time, Daily Star reported. Seventy-year-old retired government official Minhaz Uddin, who was attend-

ing Khaleda’s funeral, said he had never voted for her but came to honour the three-time prime minister. “I came here with my grandson, just to say goodbye to a veteran politician whose contributions will always be remembered,” he said, watching from behind a barbed wire barricade as her body passed by. “Khaleda Zia has been an inspiration,” mourner Sharmina Siraj told AFP, adding that “it is difficult to imagine women in leadership positions anytime soon.” The 40-year-old mother of two said stipends introduced by Khaleda to sup-

port girls’ education “had a huge impact on the lives of our girls.” NA SPEAKER MEETS FAMILY, EXPRESSES CONDOLENCES National Assembly Speaker Sardar Ayaz Sadiq, who is in Bangladesh for the funeral, visited the residence of the former Bangladeshi prime minister, where he met her son and daughter. According to a statement issued by the NA Secretariat, Sadiq expressed his condolences at the passing of their mother. “In this hour of grief and sorrow, the government and the people of Pakistan stand with you,” he was quoted as say-

Israel warns suspending aid for organizations operating in Gaza JERUSALEM Agencies

Israel has warned that it would suspend from January several aid organisations operating in Gaza for failing to provide details about their Palestinian staff, accusing two Doctors Without Borders employees of links to militant groups. The Ministry of Diaspora Affairs and Combating Antisemitism said in a statement that the move was part of Israel’s decision to “strengthen and update” regulations governing the activities of international NGOs in the Palestinian territory. “Humanitarian organisations that fail to meet security and transparency requirements will have their licenses suspended,” the ministry said. It added that organizations that “failed to cooperate and refused to submit a list of their Palestinian employees in order to rule out any links to terrorism” had received formal notice that their licenses would be revoked as of January 1. The organizations concerned—whose names were not disclosed—were ordered to cease all activities by March 1. The ministry said the groups were given 10 months to provide the requested information, but “nonetheless failed to

comply with the requirements.” The ministry told AFP earlier this month that as of November 25, approximately 100 registration requests had been submitted and “only 14 organisation requests have been rejected.” “The remainder have been approved or are currently under review,” it added. In its statement on Tuesday, the ministry alleged, after an investigation, that the international medical charity Doctors Without Borders (MSF) had employed two individuals with links to Hamas and Palestinian Islamic Jihad, respectively. “Despite repeated requests, the organization did not provide full disclosure regarding the identities and roles of these individuals,” the statement added. When contacted, MSF said it “would never knowingly employ people engaging in military activity” as they would “pose a danger to our staff and our patients.” The charity added that it “continues to engage and discuss with Israeli authorities” and that it has “not yet received a decision on re-registration.” The ministry said its latest measures would not affect the delivery of aid to Gaza. “Only a limited number of organizations— less than 15 percent—were found to be in violation of the regulatory framework,” it

Humanitarian workers continue to rush aid to Gazans impacted by heavy rains: UN GAZA

Agencies

Severe weather conditions have led to further casualties and heightened health risks in war-shattered Gaza over the past 24 hours, according to the UN aid coordination office (OCHA). Heavy seasonal downpours are compounding an already dire humanitarian situation, as rainstorms cause war-damaged buildings to collapse, flood tents and soak people’s belongings, OCHA said. To respond swiftly to flood alerts, a coordinated system bringing together UN agencies and non-governmental organizations is distributing tents, tarpau-

said. Several NGOs have told AFP the new rules will have a major impact on aid distribution in Gaza. Humanitarian organisations say that the amount of aid entering Gaza remains inadequate. While the October 10 ceasefire agreement stipulated the entry of 600 trucks per day, only 100 to 300

lins, warm clothes, blankets and dignity kits across Gaza. The UN and its partners are also mobilizing heavy equipment to pump overflowing sewage – which poses serious health risks—away from residential areas. OCHA warned that the conditions have increased the risk of hypothermia, particularly among babies, as well as illnesses linked to sewage flooding. Separately, humanitarian teams are assisting hundreds of people newly displaced from the At Tufah neighbourhood in Gaza City, where ongoing military operations have forced many residents to flee.

are carrying humanitarian aid, according to NGOs and the United Nations. COGAT, the Israeli defence ministry body responsible for Palestinian civilian affairs, said last week that on average 4,200 aid trucks enter Gaza weekly, which corresponds to around 600 daily.

flakes and fog. QUIETER CELEBRATIONS IN GREECE AND CYPRUS Greece and Cyprus were ringing in 2026 by turning down the volume, replacing traditional fireworks with low-noise pyrotechnics, light shows and drone displays in capital cities. Low-noise fireworks avoid the explosive bursts that generate the loud cracks of traditional displays. Officials in the countries said the change is intended to make celebrations more welcoming for children and pets, particularly animals sensitive to loud noise. ADDITIONAL SECURITY IN NEW YORK CITY Police in New York City will have additional anti-terrorism measures at the Times Square ball drop, with “mobile screening teams” in search of suspicious activity. It is not in response to a specific threat, according to NYPD Commissioner Jessica Tisch. After the ball drops in Times Square, it will rise once again, sparking in red, white and blue, to mark the country’s upcoming 250th birthday celebration. It will be one of several patriotic flourishes throughout the night, organizers said. Zohran Mamdani will take office as mayor at the start of 2026. Two swearing-in ceremonies are planned, starting with a private ceremonial event around midnight in an old subway station.

OGDC eyes oil and gas exploration in Libya, Vietnam with Russian and Turkish partners PROFIT

stAff report

Partnership talks between Pakistan’s largest E&P firm and Russia’s Gazprom and Turkey’s state-owned Turkish Petroleum are at an advanced stage for onshore and offshore exploration projects in Libya and Vietnam. Oil and Gas Development Company (OGDC) is planning to explore hydrocarbon resources overseas through joint ventures with Russian and Turkish energy companies as part of efforts to diversify supply sources and reduce Pakistan’s energy import burden, The Express Tribune reported, citing sources. Partnership talks between Pakistan’s largest Exploration and Production (E&P) company, with Russia’s Gazprom and Turkey’s state-owned Turkish Petroleum, are reported to be at an advanced stage for onshore and offshore exploration projects in Libya and Vietnam. The move is aimed at securing overseas energy assets, mirroring the strategy adopted by regional peers that have expanded beyond domestic markets. Indian exploration companies have pursued a similar approach through joint ventures in overseas markets, including the United States. Pakistan is seeking to reduce reliance on imported fuels by acquiring equity oil and gas from foreign fields. Sources said OGDC, along with other Pakistani firms, is already engaged in offshore exploration activities in the United Arab Emirates. At home, Turkish Petroleum has entered Pakistan’s offshore sector after receiving approval from the Economic Coordination Committee to acquire a stake in the Eastern Offshore Indus Block-C.

In tit-for-tat move, Mali and Burkina announce restricting entry for US nationals WASHINGTON, DC Agencies

Mali and Burkina Faso have announced travel restrictions on American nationals in a tit-for-tat move after the US included both African countries on a no-entry list. In statements issued separately by both countries’ foreign ministries and seen on Wednesday by AFP, they said they were imposing “equivalent measures” on US citizens, after US President Donald Trump expanded a travel ban to nearly 40 countries this month, based solely on nationality. That list included Syrian citizens, as well as Palestinian Authority passport holders, and nationals of some of Africa’s poorest countries, including also Niger, Sierra Leone and South Sudan. The White House said it was banning foreigners who “intend to threaten” Americans.

President Xi urges strong start to China’s 15th Five-Year Plan BEIJING

Agencies

Chinese President Xi Jinping on Wednesday underscored the need to secure a strong start to the 15th Five-Year Plan (2026–2030) period, calling for unity and sustained efforts to advance Chinese modernization. Xi, who is also general secretary of the Communist Party of China (CPC) Central Committee and chairman of the Central Military Commission, made the remarks at a New Year gathering hosted by China’s top political advisory body. Extending New Year greetings, Xi urged the entire Party and people of all ethnic groups to unite more closely and continue opening up new horizons for advancing Chinese modernization. He described 2025 as an extraordinary year, noting that China fulfilled its main economic and social development goals, demonstrated strong economic resilience and vitality, and maintained overall social stability. The year also marked the successful conclusion of the 14th Five-Year Plan (2021– 2025), during which China’s comprehensive national strength reached a new level, Xi said.

With 2026 ushering in the 15th Five-Year Plan, Xi called for coordinated efforts on multiple fronts to ensure a solid beginning for the new planning period, CGTN reported. He stressed that the Chinese People’s Political Consultative Conference (CPPCC) should focus its consultative and deliberative work on the formulation and implementation of the 15th Five-Year Plan, in order to rally broad-based support and collective strength for advancing Chinese modernization. PRESIDENTS XI, PUTIN EXCHANGE NEW YEAR GREETINGS Chinese President Xi Jinping on Wednesday exchanged New Year greetings with Russian President Vladimir Putin, reaffirming the steady advancement of bilateral ties. In his message, Xi extended warm greetings to President Putin and the Russian people on behalf of the Chinese government and people. He noted that 2025 marks the 80th anniversary of the founding of the United Nations, adding that China and Russia have solemnly commemorated the 80th anniversary of the victory of the Chinese People’s War of Resistance Against Japanese Aggression, the Soviet Union’s Great Patriotic War, and the World

Anti-Fascist War. These commemorations, he said, jointly conveyed a strong message that peace, justice and the will of the people will prevail. Xi pointed out that 2025 also represented a concrete step forward in the ChinaRussia comprehensive strategic partnership of coordination for a new era, CGTN reported. Recalling his two meetings with President Putin in Beijing and Moscow in 2025, Xi said the two leaders had held in-depth exchanges on major issues of common concern. He said the implementation of a mutual visa exemption agreement, steady progress in energy corridor construction, and expanding cooperation in emerging sectors have all contributed to growing momentum in bilateral relations. Xi added that the two countries have strengthened mutual support within the United Nations and other multilateral frameworks, contributing wisdom and strength to the reform and improvement of global governance. Looking ahead, Xi noted that 2026 will mark the 30th anniversary of the establishment of the China-Russia strategic partnership of coordination and the 25th anniversary of the signing of the Russia-China Treaty of GoodNeighborliness and Friendly Cooperation.

NEWS 07

Thursday, 1 January 2026 | ISLAMABAD

CORPORATE CORNER

Azma hits back at Shafi Jan over ‘scathing remarks’ LAHORE

staff report

Punjab Minister for Information and Culture Azma Bokhari, reacting to the recent statement by Shafi Jan, said that “these people are not merely wild — they are wild animals. Elements driven by a gutter mentality and foul language stain the name of Khyber Pakhtunkhwa and the Pashtun community. Their behavior aligns neither with social values nor with human civility.” Azma Bokhari said that once again, this person has demonstrated “his poor upbringing, cheap mentality, and base language, proving he lacks both reasoning and character, and speaks only through filth.” She added that such individuals inspire “not just regret but deep pity, as they reveal their upbringing through abusive language rather than manners or values.” The Punjab Information Minister further stated, “I sincerely sympathize with this man’s mother and the other women of his household. Such characters bring disgrace to the environment in which they were raised.”

SMALL BUSINESSES GROWTH STRENGTHENS URBAN ECONOMY, IMPROVES WORKERS LIVES: CM MARYAM

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PUNJAB PUMPS RS70B INTO SMALL BUSINESSES UNDER CM MARYAM NAWAZ’S ASAN BUSINESS FINANCE SCHEME LAHORE

staff report

HE Punjab government has injected a major boost into entrepreneurship and small businesses by disbursing Rs70 billion in interest-free loans under Chief Minister Maryam Nawaz’s Asan Business Finance and Asan Business Card Schemes during the first six months of their launch, benefiting over 108,000 businesses and creating substantial self-employment opportunities across the province. According to official figures, a total of 108,371 businesses have been facilitated through the schemes, reflecting the economic vision of PML-N President Muhammad Nawaz Sharif aimed at strengthening small and medium enter-

prises and promoting inclusive growth. In Phase-I, 4,238 applicants received interest-free loans amounting to Rs16.31 billion, while 203 women entrepreneurs were provided loans worth Rs1.82 billion to support female-led businesses. Sectorwise, disbursements include Rs40.3 billion to agriculture, Rs33.8 billion to trade, Rs4.27 billion to transport, and Rs6.3 billion to manufacturing and other sectors. Under the Asan Business Card Scheme, 104,131 cards have been issued so far, providing Rs44 billion in loan cards, enabling small shopkeepers, vendors, and home-based workers to access easy financing. Phase-II of the Asan Business Finance Scheme is set to begin soon, with Rs90 billion in interest-free loans to be provided. On the directions of Chief Minister Maryam Nawaz Sharif, four

special schemes have also been launched to enhance ease of doing business and regional development, including dedicated programmes for North, Central, and South Punjab.

CDA chief suggests declaring Islamabad and Tashkent as Sister Cities ISLAMABAD

HEC chairman, MoFEPT secretary Applaud VU’s digital education model ISLAMABAD

staff report

Chairman HEC and Secretary MoFEPT Visits the Virtual University of Pakistan Islamabad. The Chairman, Higher Education Commission (HEC) of Pakistan, and Secretary, Ministry of Federal Education and Professional Training (MoFEPT), Mr. Nadeem Mahbub, visited the Head Office of the Virtual University of Pakistan (VUP) today. He was warmly welcomed by the Rector, Virtual University of Pakistan, Prof. Dr. Nasir Mahmood, along with the senior management of the University. A high-level meeting was held at the VU Head Office, Islamabad, attended by the Registrar, Dean, Director Quality Enhancement, Director ORIC, Director Campuses, and Heads of Departments, while other officials joined online from their respective locations.

Minister Shah reviews medical, financial assistance to deserving patients at PIMS ISLAMABAD

staff report

Federal Minister for Poverty Alleviation and Social Safety, Syed Imran Ahmed Shah, visited the Pakistan Institute of Medical Sciences (PIMS) today, where he reviewed the administrative and facilitation arrangements related to the medical and financial assistance being provided to deserving patients under Pakistan Baitul Maal (PBM). Representatives from PBM were also present on the occasion. During the visit, the Minister was briefed by the Executive Director PIMS Rana Imran Sikandar regarding patient facilitation mechanisms, treatment services, and coordination between PBM and the hospital for financial assistance cases. It was informed that during 2024–2025, more than 2,100 patients at PIMS were facilitated through PBM assistance. The Federal Minister emphasized the need to further streamline and expedite case-processing, particularly for emergency and life-saving treatment cases, and to strengthen coordination between PIMS and PBM.

staff report

Chairman Capital Development Authority (CDA) and Chief Commissioner Islamabad, Muhammad Ali Randhawa, met with Uzbekistan Ambassador, H.E. Alisher Tukhtayev, at the CDA Headquarters on Wednesday. The meeting discussed matters of mutual interest and strengthening bilateral relations. Chairman CDA Muhammad Ali Randhawa said that Pakistan views its relations with brotherly country Uzbekistan with great regard and respect. H.E. Uzbek Ambassador said that Pakistan and Uzbekistan share many commonalities in cultural, social and religious aspects. Chairman CDA said that steps should be taken regarding granting the status of Sister Cities to the Federal Capital Islamabad and Tashkent. H.E. Uzbek Ambassador propsed Chairman CDA to allocate an area related to Uzbekistan in Islamabad's F-9 Park. Chairman CDA said that an area for Uzbekistan could be allocated in any park, including Sector F-9 Park and Gardenia Hub. Uzbekistan's Ambassador Alisher Tukhtayev, appreciating the measures taken by the CDA for the beauty and development of the Federal Capital Islamabad, said that Islamabad is an exceptionally green, lush and naturally beautiful City. He added that the

Sindh reaffirms commitment to economic growth as Spokesperson Gabol visits KCCI KARACHI

staff report

Nadir Nabil Gabol, Spokesperson for the Government of Sindh, visited the Karachi Chamber of Commerce and Industry (KCCI) today to reinforce the provincial government’s dedication to fostering a robust business environment and sustainable economic growth. During the visit, Mr. Gabol met with the President of KCCI and his senior team to discuss strategic initiatives aimed at promoting trade activity and boosting business confidence across the province. The dialogue focused on strengthening the publicprivate partnership and identifying key areas where government policy can better support the industrial and commercial sectors. "The Sindh government is fully committed to supporting the province's business community," said Nadir Nabil Gabol.

LOLC Group ushers in a new era of Shariah-compliant banking in Pakistan ISLAMABAD

staff repor

LOLC Group marked a significant milestone in its Pakistan journey with the inauguration of LOLC Islamic, Islamic Microfinance Division to offer fully fledged Shariah-compliant banking services to its valued-customers. This marks the first Islamic banking operation within LOLC overseas operations. With over a decade of experience in offering Islamic banking in Sri Lanka, where it is considered the second largest Islamic banking entity, LOLC would like to bring its expertise to Pakistan. Additionally, to mark the commencement of the operation LOLC Microfinance Bank, launched its first Islamic Banking Branch in Bara Kahu, Islamabad, formally entering the country’s Shariah-compliant microfinance landscape. This landmark development represents the beginning of a new chapter in ethical, inclusive, and valuesdriven banking in Pakistan.

KARACHI

Barely a week after K-Electric (KE) conducted a massive crackdown in Karachi’s SITE, the power utility led an enforcement drive in the same area as miscreants resumed theft of electricity from a loadshed-exempted industrial feeder. KE’s governance teams, in collaboration with law-enforcement, had

IMDC hosts seminar on scientific model competition, seminar on entrepreneurship in Lab Sciences ISLAMABAD

staff report

beauty, greenery and cleanliness of the Federal Capital Islamabad are commendable. The meeting also discussed the possibilities of relocating the Uzbek Embassy to the Diplomatic Enclave. Chairman CDA said that proposal should be made through the Ministry of Foreign Affairs for relocating the Embassy of Uzbekistan to the Diplomatic Enclave. During the meeting, Chairman CDA also informed about the beautification and upgradation of the Diplomatic Enclave. The Uzbek Ambassador proposed naming a highway in the Federal Capital Islamabad as "New Uzbekistan." Chairman CDA said that the matter of naming a highway after Uzbekistan would be taken up with the Ministry of Foreign Affairs. He said that in this regard, CDA would fully facilitate the process.

Pakistan steps up climate resilience as ministry outlines key actions, reforms in 2025 ISLAMABAD

staff report

Against the backdrop of intensifying floods, heatwaves and growing water stress, the Ministry of Climate Change and Environmental Coordination (MoCC&EC) has outlined key policy measures, response initiatives and international engagements undertaken during 2025, a year that once again underscored Pakistan’s acute vulnerability to climate extremes and the need for sustained, long-term preparedness. Sharing year-end details, the Ministry’s media spokesperson and climate policy advocacy expert, Mohammad Saleem Shaikh, said that climate resilience and disaster preparedness dominated policy deliberations and response mechanisms throughout the year, following repeated episodes of extreme weather across the country. He recalled that, on the prime minister’s directives, a 300-day national climate preparedness and resilience plan was rolled out to strengthen coordination among federal and provincial authorities ahead of future monsoon seasons. “The emphasis has been on improving early warning systems, flood mitigation measures and restoring critical infrastructure damaged by recurring climate shocks,”.

Chronic theft on SITE feeder: K-Electric again conducts targeted crackdown staff report

To promote exports, the government has additionally introduced Asan Business and Export Finance for SMEs, offering interest-free loans of up to Rs50 million. Chief Minister Maryam Nawaz said the schemes have directly benefited small shopkeepers, vendors, and home industries, creating new livelihood opportunities. She described Asan Business Finance and Asan Business Card as integral to the economic vision of Quaid Muhammad Nawaz Sharif, adding that the growth of small businesses strengthens the urban economy and improves the lives of workers. She emphasized that Punjab possesses immense business potential, which the government is committed to fully utilising through sustained support for entrepreneurship and economic activity.

last week dismantled the infrastructure where an industrial feeder was being used to steal electricity. In a matter of days, KE’s advanced data monitoring unearthed loss of units on the feeder again, prompting the utility’s governance teams to take immediate action. However, like the previous occasions, KE and law-enforcement officials were met with violence as mobs gathered to disrupt the operation against electricity theft.

Islamabad Medical & Dental College (IMDC), in collaboration with Dr. Akbar Niazi Teaching Hospital (ANTH), successfully organized the Scientific Model Competition & Seminar on Entrepreneurship in Laboratory Sciences on Tuesday, December 30, 2025. The event showcased the innovative potential of students from the MLT program, who presented scientific models focusing on laboratory automation, diagnostic innovations, and healthcare research. The models were evaluated by an esteemed panel of judges comprising Prof. Humayoon Shafique Satti (National University of Medical Sciences), Dr. Massab Umair (National Institute of Health), and Dr. Zaineb Akram (National University of Medical Sciences). The ceremony was graced by Prof. Dr. Rizwan Uppal, Founding Chairman & CEO, Islamabad Diagnostic Centre (IDC), as the Chief Guest. He inaugurated the event, visited student stalls, and interacted with participants, appreciating their creativity and scientific approach. In his address, Prof. Dr. Rizwan Uppal emphasized the importance of academic collaboration, clinical research support, and industry– academia linkage, and expressed IDC’s commitment to exploring future opportunities for academic and clinical collaboration.

Awais Vohra appointed as Acting CEO of Telenor Pakistan ISLAMABAD

staff report

The newly established Board of Directors of Telenor Pakistan appointed Awais Vohra as the Acting Chief Executive Officer of the company, Telenor Pakistan, which is now an autonomous subsidiary of Pakistan Telecommunication Company Limited (PTCL) following the completion of all regulatory approvals. The Board of Directors acknowledged the strategic leadership of Mr. Fridtjof Rusten during a pivotal phase for Telenor Pakistan. His guidance was instrumental in navigating a complex transaction and regulatory process, while safeguarding operational stability, customer trust, and organizational focus. The development follows the formal acquisition of 100% of the issued share capital of Telenor Pakistan by PTCL. However, in line with regulatory directives, Telenor Pakistan will operate as a separate legal entity alongside Pak Telecom Mobile Limited (PTML), widely known as Ufone 4G, and U Microfinance Bank. Awais brings over 25 years of leadership experience in telecommunications, with senior roles across Pakistan and Scandinavia. A founding member of Telenor Pakistan’s launch team, he is recognized for fostering a performance-driven culture, leading largescale digital transformations, and delivering impactful cross-border initiatives. Most recently, as Chief Technology Officer, he has spearheaded network modernization, AI adoption, and strategic technology transformation to enhance customer experience and business performance

NICVD becomes world’s largest center for free cardiac surgeries, primary PCIs KARACHI

staff report

The National Institute of Cardiovascular Diseases (NICVD) has released its annual performance statistics for the year 2025, highlighting landmark achievements in the delivery of free and advanced cardiac care. During the year, NICVD Karachi alone treated over 1.6 million patients from across Pakistan, entirely free of cost, further reinforcing its position as the world’s largest facility providing free cardiac surgeries and primary percutaneous coronary interventions (PCIs). According to spokesperson, NICVD

Karachi performed 9,205 primary angioplasties, 6,442 early and elective angioplasties, and more than 18,757 angiographies. In pediatric cardiology, 3,149 pediatric catheterizations and interventions were carried out, along with 285 Percutaneous Transvenous Mitral Commissurotomy (PTMC) procedures. During 2025, 41 Transcatheter Aortic Valve Implantation (TAVI) procedures—each costing approximately PKR 4 million, were successfully performed entirely free of cost with the support of the Government of Sindh, providing life-saving treatment to critically ill patients. NICVD Karachi also conducted

1,567 adult open heart surgeries and 1,231 pediatric open heart surgeries. In addition, 66 stroke interventions were performed, while 964 temporary pacemakers (TPM) and 1,167 permanent

pacemakers (PPM) were implanted. Diagnostic and outpatient services remained extensive, with 88,484 echocardiography procedures, 445,209 adult and pediatric OPD visits, and 54,131 patient admissions recorded during the year. During 2025, a total of 158,266 patients from other provinces were treated free of cost at NICVD Karachi. These included 35,139 patients from Punjab, 109,340 from Balochistan, 11,599 from Khyber Pakhtunkhwa, 1,203 from Azad Kashmir, and 985 from Gilgit-Baltistan, all of whom benefited from advanced and high-cost cardiac treatment without any financial burden.

PAKISTAN EXITS CRISIS MODE AS PM LAUNCHES ECONOMIC GOVERNANCE REFORMS NEWS

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PREMIER SHEHBAZ SAYS ERA OF ECONOMIC FIREFIGHTING ENDS AFTER TOUGH REFORMS ISLAMABAD

Staff report

RIME Minister Muhammad Shehbaz Sharif on Wednesday launched the government’s Economic Governance Reforms, declaring that Pakistan has exited a prolonged phase of economic firefighting after two years of politically difficult but structurally unavoidable decisions that restored macroeconomic stability, revived investor confidence and reconnected the country with the global economy. Addressing the launching ceremony, the prime minister said the turnaround was reflected in a record decline in inflation to 4.5 percent and a substantial rise in foreign exchange reserves to up to $21 billion, underscoring the credibility regained through

Petrol, HSD prices cut for Jan 1–15

hard reforms. He said the government inherited an economy in early 2024 grappling with nearly 30 per cent inflation, critically low foreign exchange reserves, weakened state institutions and Pakistan’s growing marginalisation from international economic engagement. The scale of the crisis, he added, left no room for shortcuts, populism or cosmetic measures. “Restoring the economy required hard choices that spared no political constituency,” the prime minister said, adding that unsustainable subsidies were withdrawn, fiscal discipline restored, public financial management strengthened, and long-delayed privatization reforms initiated. “These were not cosmetic fixes but unavoidable structural reforms,” he remarked.

Highlighting governance reforms, the prime minister said the federal government’s e-procurement platform (ePADS) now covered over 1,000 federal agencies and more than half a million contracts, integrated in real time with FBR, NADRA and SECP, ensuring transparency and efficiency. He said the successful privatisation of Pakistan International Airlines and First Women Bank marked a decisive break from decades of inaction, with further state-owned enterprise reforms already underway. Pakistan’s stabilisation and reform momentum, he added, had been acknowledged by international credit rating agencies and development partners. “With macroeconomic indicators stabilised, our focus now shifts to accelerating growth, expanding exports and making Pakistan a far easier place to do business,” the

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prime minister said, describing the reform drive as a transition from crisis management to institution building. He said the Economic Governance Reforms comprised 142 actions, including 59 priority reforms and 83 complementary measures, to be implemented by 58 institutions within defined timelines. Key areas include taxation, energy, privatization, state-owned enterprises, pensions, tariff rationalization, regulatory simplification, rightsizing of the federal government, and digital governance. Prime Minister Shehbaz Sharif emphasized that the reform agenda was homegrown and irreversible, aimed at embedding stability into institutions and enabling sustainable, private-sector-led growth. “The people of Pakistan have paid a heavy price,” he said. “We cannot return to business as usual, and we will not look back.” Earlier, Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb presented a detailed overview of the reform framework and economic performance indicators. He said GDP growth reached 3.1 per cent in FY25 and accelerated to 3.71 per cent in the first quarter of FY26, while inflation remained contained at around 5 per cent during the first five months of FY26 despite climate-related shocks.

rolls out facial Dar to visit Beijing to co-chair Pak-China NADRA recognition to ease Foreign Ministers’ Strategic Dialogue biometric woes ISLAMABAD

Govt lowers petrol by Rs10.28 to Rs253.17 per litre, diesel by Rs8.57 to Rs257.08

Saleem Jadoon

PROFIT

Staff report

Prime Minister Shehbaz Sharif said inflation had fallen sharply from 29.2 percent to 4.5 percent, while foreign exchange reserves more than doubled from $9.2 billion to over $21 billion. He said the current account position improved from a $3.3 billion deficit to a $1.9 billion surplus, with Pakistan also moving from a primary deficit to a primary surplus and significantly narrowing its overall fiscal deficit. He said revenue reforms had begun correcting long-standing distortions in the economy, with the tax-to-GDP ratio rising from around 8 percent to over 10 percent, while more than one million new taxpayers were brought into the formal system. Tax collection, he noted, grew by 26 percent in 2025, supported by large-scale digitization of government processes.

Thursday, 1 January, 2026

The federal government on Wednesday revised down prices of key petroleum products for the next fortnight, effective January 1, 2026, according to a notification issued by the Ministry of Energy’s Petroleum Division. The price of petrol has been reduced by Rs10.28 per litre to Rs253.17, while high-speed diesel (HSD) has been cut by Rs8.57 per litre to Rs257.08. The revised rates were notified on the recommendations of the Oil and Gas Regulatory Authority (OGRA), the ministry said. Prior to the revision, petrol was priced at Rs263.45 per litre and high-speed diesel at Rs265.65 per litre. Fuel prices are reviewed on a fortnightly basis in line with movements in international oil prices and changes in the exchange rate.

DPM and FM Senator Mohammad Ishaq Dar will visit China to cochair the 7th round of Pakistan– China Foreign Ministers’ Strategic Dialogue, scheduled to be held in Beijing on January 4, 2026, with the Chinese Foreign Ministry saying the visit will step up strategic communication and coordination, deepen exchanges and cooperation across various fields, carry out a series of commemorative events, and accelerate the building of an even closer China-Pakistan community with a shared future in the new era. According to a statement issued by the Foreign Office (FO) on Wednesday, Deputy Prime Minister Dar will visit China at the invitation of Wang Yi, Member of the Politburo of the Communist Party of China, Director of the Office of the Central Commission for Foreign Affairs, and Minister for Foreign Affairs of China. The Foreign Ministers’ Strategic Dialogue, the highest consultative

mechanism between Pakistan and China, provides a structured platform to review the entire spectrum of bilateral cooperation, as well as regional and international developments of mutual interest. During the Dialogue, the two foreign ministers will also announce a series of initiatives and commemorative activities to mark the 75th anniversary of the establishment of diplomatic relations between Pakistan and China in 2026, the FO statement said.

The visit forms an important part of regular high-level exchanges between the two countries and reflects their shared determination to broaden and deepen the All-Weather Strategic Cooperative Partnership, while reaffirming mutual commitment to regional peace, stability and sustainable development. CHINA LOOKS FORWARD TO WORKING WITH PAKISTAN THROUGH DPM DAR’S VISIT: LIN JIAN China looks forward to working with Pakistan through the visit of Deputy Prime Minister and Foreign Minister Mohammad Ishaq Dar to further follow up on the important common understandings reached between the leaders of the two countries. This was stated by Chinese Foreign Ministry spokesperson Lin Jian during his regular press briefing. Responding to a question regarding the visit, he said 2026 marks the 75th anniversary of the establishment of China-Pakistan diplomatic relations, and the upcoming visit will kick off commemorative activities marking the milestone.

ISLAMABAD

Staff report

In a major step to ease identity verification for vulnerable citizens, the National Database and Registration Authority (NADRA) has launched a facial recognition–based biometric verification system, aimed particularly at elderly people and individuals with medical conditions who face difficulties with fingerprint verification. A NADRA spokesperson said the move follows directives from the prime minister and the interior minister, under which several steps were taken to improve identity verification. Amendments have been made to the National Identity Card rules to broaden the legal definition of biometric verification, formally including facial recognition. NADRA said it is fully prepared to implement the system and has asked relevant government and private institutions to make the necessary arrangements to recognise facial recognition as a valid verification method. “The service has already been added as a feature to the Pak-Identity mobile application,” the spokesperson said, adding that once Pakistan’s Digital ID system is formally launched, facial recognition verification will be available directly through the app. From January 20, all NADRA registration centres across the country will start issuing biometric verification certificates based on facial recognition. Under the new procedure, if fingerprint verification fails, the citizen will be directed to the nearest NADRA registration centre for facial recognition.

Published by Asad Nizami at Plot # 7, Al-Baber Centre, F/8 Markaz, Islamabad, for PT Print (Pvt) Limited. Ph: 051-2204545. Email: newsroom@pakistantoday.com.pk