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GOVT, JI FORM JOINT PANEL ON FUEL RELIEF, LEVY CUT AS ISLAMABAD MARCH LOOMS Wednesday, 28 October, 2026 | 16 Jumada al-Awwal, 1448
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PM SHEHBAZ, HAFIZ NAEEM AGREE TO EXPAND FUEL SUBSIDY SCHEME AND CONSIDER PHASED REDUCTION IN PETROLEUM LEVY
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12.7M PEOPLE REGISTERED FOR FUEL SUBSIDY SCHEME; BENEFICIARIES MAY REACH 20M, SAYS SANAULLAH
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JI CHIEF SAYS MID-NOVEMBER MARCH WILL GO AHEAD UNLESS GOVERNMENT ANNOUNCES RELIEF PACKAGE JI REJECTS REPORTED RS20–30 LEVY CUT PROPOSAL, INSISTS ON ABOLITION OF PETROLEUM LEVY
JI says Islamabad march will go ahead in mid-November ISLAMABAD
Staff report
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ISLAMABAD
Saleem jadoon
RIME MINISTER Shehbaz Sharif and Jamaat-i-Islami (JI) chief Hafiz Naeemur Rehman on Tuesday agreed to form a joint committee to recommend measures for expanding the ongoing fuel relief scheme and devising proposals for a phased reduction in the petroleum levy, as the opposition party reiterated its plan to march on Islamabad in mid-November if its demands were not met. The decision came during a highlevel meeting between the prime minister and the JI chief at the PM House, according to a statement issued by the Prime Minister’s Office (PMO). The proposed committee, compris-
ing three members each from the government and JI, will make recommendations on expanding the scope of the existing petrol relief scheme to benefit the maximum number of deserving people and preparing feasible proposals for a phased reduction in the petroleum levy through the upcoming budget. Deputy Prime Minister and Foreign Minister Ishaq Dar, Planning Minister Ahsan Iqbal and the prime minister’s political adviser Rana Sanaullah will represent the government on the committee, the PMO said. The government’s move came amid JI’s warning that it would march to the federal capital next month if a relief package was not announced. The party has been demanding the abolition of the petroleum levy to ease the burden of ris-
Gohar calls for immediate resumption of meetings with Imran Khan
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Jamaat-e-Islami Emir Hafiz Naeemur Rehman has said the party will proceed with its Islamabad long march in midNovember despite the government seeking another seven to 10 days to address its demand for abolishing the petroleum levy. Speaking after a meeting with Prime Minister Shehbaz Sharif, Hafiz Naeem said JI would continue preparations for the march and begin nationwide mobilisation while keeping negotiations with the government open. He said the prime minister had asked for additional time and that both sides agreed on the need to provide greater relief on petroleum products. Differences, however, remain over how that relief should be delivered. Hafiz Naeem said JI wanted the
ing fuel prices on the public. Last month, Prime Minister Shehbaz had offered to meet the JI leadership and urged the party to postpone its planned Islamabad march, a request it had accepted while maintaining its demand for relief. During Tuesday’s meeting, the prime
petroleum levy abolished, while the government was proposing relief in phases and discussing its gradual elimination. He urged the government to devise a clear mechanism for removing the levy and announce a relief package before the party begins its march. The JI chief said the levy was placing a disproportionate burden on middle- and lower-income households and maintained that the government’s existing relief measures were providing limited benefit. He reiterated that the party wanted both lower petrol prices and the abolition of the petroleum levy. Hafiz Naeem also said JI could intensify its protest campaign if its demands remained unresolved, including by staging prolonged street sitins. He added that the party would continue negotiating with the government while proceeding with preparations for the mid-November march.
minister briefed the JI delegation on the relief extended to low-income groups through the fuel subsidy scheme, informing it that 12.7 million people had registered for the programme so far.
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Naqvi hints at Imran’s transfer to Islamabad Jail as new facility readies for opening ISLAMABAD
Staff report
ISLAMABAD
Staff CorreSpondent
Pakistan Tehreek-e-Insaf (PTI) Chairman Barrister Gohar Ali Khan on Tuesday demanded the immediate resumption of meetings with party founder Imran Khan, claiming that restrictions on access to the incarcerated leader had continued for 375 days. Speaking to reporters outside Parliament, Gohar said Tuesday was the designated day for meetings with Imran and urged the authorities to lift the restrictions without further delay. “Today is the day for meeting the PTI founder, and the meeting should take place,” he said, describing the denial of access to Imran’s family as “inhuman treatment.” The PTI chairman said the political situation could have improved if the authorities had allowed regular meetings with the party founder. He argued that restrictions on access had complicated political affairs, while political tensions and what he described as political victimisation continued to intensify. Gohar also accused political opponents of exploiting the emergency and governor’s rule imposed in Khyber Pakhtunkhwa (KP). He said details concerning the measures would be discussed at a parliamentary meeting attended by senators and members of the National Assembly. Stressing the importance of political engagement, Gohar said negotiations with the government were essential to resolving the country’s political disputes. “Political problems can only be resolved through negotiations,” he said, calling for early and meaningful talks between the government and the opposition. He reiterated that dialogue remained the only way to address political differences and ease tensions. A day earlier, the PTI chairman had accused the federal government of using the imposition of an emergency and governor’s rule in KP as a pretext for political victimisation. He said the party rejected both measures but maintained that there could be no disagreement over the need to eliminate terrorism. Gohar alleged, however, that the extraordinary measures were being used to target PTI rather than address the province’s security challenges. “You have imposed governor’s rule and an emergency, both of which we reject. Terrorism must be eliminated; there can be no two opinions on that,” he said. Gohar also criticised the 30-day extension in the detention of Imran’s sisters, saying Aleema Khan was a nonpolitical figure who had nevertheless been subjected to further detention. He further claimed that 12 PTI members of the National Assembly were being held and said the party had no information about the whereabouts of its chief minister.
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Interior Minister Mohsin Naqvi on Tuesday hinted that incarcerated Pakistan Tehreek-e-Insaf (PTI) founder Imran Khan could be among the 1,500 prisoners to be shifted to the newly completed Islamabad Model Jail, saying Prime Minister Shehbaz Sharif was expected to inaugurate the facility in the coming days. Speaking to the media during a visit to the prison complex, Naqvi said the project, which had remained pending for 17 years, had finally been completed and was ready to begin operations following its formal inauguration by the prime minister. Imran has been incarcerated since August 2023 and is currently serving a sentence at Adiala Jail in a £190 million corruption case. He also faces pending trials under the Anti-Terrorism Act (ATA) in connection with the May 9, 2023, protests. Responding to a question about the timeline for transferring prisoners from Adiala Jail, the interior minister said all pris-
oners whose cases fell within the jurisdiction of Islamabad’s courts would be shifted to the new facility. Asked specifically whether Imran would also be transferred, Naqvi said: “My specific answer is that whosoever is a prisoner of Islamabad will be shifted here.” The minister said work on the project had initially begun in 2009, while construction started in 2016. Recalling his first visit to the site in 2024, he said only 40 to 50 per cent of the work had been
completed at the time and the project had nearly been abandoned. Naqvi credited Minister of State for Interior Talal Chaudhry and the Capital Development Authority (CDA) team with completing the project through sustained efforts, saying they had worked “day and night” to bring the longdelayed facility to completion. He added that Chaudhry had personally inspected every aspect of the complex.
Bilawal says Sindh Assembly has closed door on new province debate KARACHI
Staff report
PPP Chairman Bilawal Bhutto Zardari has said the Sindh Assembly has put a “full stop” to proposals for creating a new province out of Sindh, maintaining that the issue has been decisively rejected by the provincial legislature. Bilawal said the assembly had clearly expressed its position and that attempts to revive the debate would not change the PPP’s stance. He maintained that Sindh’s territorial integrity was not open to negotiation and that his party would oppose any move aimed at dividing the province. The PPP chairman said political parties were free to raise constitutional and administrative proposals, but any such move involving Sindh would face resistance from his party. He also criticised calls for a separate province in urban Sindh, arguing that administrative and governance problems should be addressed without redrawing provincial boundaries. Bilawal said the focus should instead remain on improving local government, public services and development across the province. His remarks come amid renewed political discussion over the creation of additional provinces in Pakistan, including proposals linked to administrative efficiency and population growth. The PPP has consistently opposed any division of Sindh and has maintained that changes to provincial boundaries require broad political and constitutional consensus.
Five terrorists killed in joint operation in Balochistan’s Khuzdar QUETTA
Staff report
Five terrorists belonging to the Indian-backed Fitna alHindustan were killed in a joint security operation in Balochistan’s Khuzdar district, state media reported on Tuesday, citing security sources. The operation was carried out by police and the paramilitary Frontier Corps (FC) in the Karkh area of Khuzdar following intelligence reports about the presence of terrorists, according to a provincial government spokesman. “The killing of five terrorists during an intelligencebased operation is a testament to the professional capabilities of the security forces,” Balochistan government spokesman Shahid Rind said in a statement. He said coordinated measures and effective operations would remain essential until terrorism was completely eradicated from the region. BUGTI LAUDS SECURITY FORCES Meanwhile, Balochistan Chief Minister Mir Sarfraz Bugti praised the police and Frontier Corps for the successful operation, describing it as a demonstration of the state’s unwavering resolve to combat terrorism. In a statement issued on Tuesday, the chief minister said the operation reflected law enforcement agencies’ commitment to maintaining peace and eliminating terrorist threats. He stressed that timely intelligencesharing and close coordination among security institutions were crucial to the ongoing fight against terrorism. Referring to the killing of five terrorists, Bugti said the outcome demonstrated effective action against elements seeking to undermine peace and stability in the province. He added that such operations highlighted the professionalism, preparedness and coordinated strategy of law enforcement agencies in safeguarding public security.
SPIKE IN ATTACKS, KIDNAPPINGS The operation comes amid a rise in attacks and kidnappings targeting civilians and government personnel in Balochistan. A military spokesperson said last week that an army major and four terrorists had been killed in multiple operations in the province.
China-Pakistan Information Corridor launched to promote Sino-Pakistan ties ISLAMABAD
Staff CorreSpondent
The China-Pakistan Information Corridor was launched here on Monday to strengthen cooperation in media, factchecking, business, research and cultural exchanges between the two countries. Pakistan's Minister for Information and Broadcasting Attaullah Tarar, Director General of the Department of Press, Communication and Public Diplomacy of China's Ministry of Foreign Affairs and spokesperson of the ministry, Mao Ning, and Chinese Ambassador to Pakistan Jiang Zaidong attended the ceremony and delivered speeches. Around 600 representatives from the media, think tanks and other sectors of both countries participated in the event. Addressing the ceremony, Tarar said that while the China-Pakistan Economic
Corridor (CPEC) connects the economies of the two countries, the Information Corridor aims to build closer ties between their peoples through communication and shared understanding. He said the initiative focuses on four key areas: media cooperation and fact-checking to counter misinformation; business cooperation to strengthen links between enterprises; think tanks and research to promote knowledgesharing and intellectual exchanges; and culture, tourism and youth engagement to expand people-to-people contacts. He expressed hope that the corridor would bring stories of Pakistan-China friendship to households in both countries in their respective languages and contribute to building a community with a shared future for humanity. In her remarks, Mao said China and Pakistan are all-weather strategic cooperative partners, adding that CPEC has delivered tan-
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gible benefits to the people of both countries. Stories have the power to shape people's thoughts and behavior, and there are many compelling stories between China and Pakistan that deserve to be told and heard, she said. Mao noted that the corridor could play an important role in telling more and better stories of China-Pakistan cooperation. The initiative would build a bridge connecting
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the hearts of the two peoples and share inspiring stories of ordinary people working together, thereby strengthening public support for bilateral friendship, she added. Jiang said the Information Corridor had progressed from concept to reality thanks to the strong support of various departments in both countries, particularly their diplomatic and information departments, as well as close cooperation among various sectors, especially the media and think tanks. He expressed confidence that the corridor would help create a more favorable public opinion environment for advancing practical cooperation between the two countries, lay a stronger public foundation for building a closer China-Pakistan community with a shared future in the new era, and provide a more effective communication platform for telling stories of each country's development and their joint progress.
02 NEWS
Wednesday, 28 October, 2026 | ISLAMABAD
PAKISTAN'S FOREX RESERVES RISE 52%, FOREIGN INVESTMENT UP 20%, EXPORTS GROW 11% IN Q1 FY27
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However, the current account deficit widened to $874 million from $755 million in the corresponding quarter last year, indicating continued external account pressures. The scorecard reported net foreign investment inflows of $3.65 billion, compared with a net outflow of $33 million a year earlier. Foreign private investment increased 44% to $691 million, while foreign public investment recorded a net inflow of $2.96 billion against a net outflow of $512 million in the previous year. Pakistan's sovereign credit ratings also improved, with Moody's upgrading its rating from Caa1 to B3 and S&P raising its assessment from B- to B. Fitch reaffirmed its Brating, while all three agencies maintained stable outlooks. The ministry highlighted a staff-level agreement with the International Monetary Fund (IMF) on the fourth review of the Extended Fund Facility (EFF) and third review of the Resilience and Sustainability Facility (RSF), which could unlock $1.2 billion following IMF Executive Board approval. On the fiscal side, the Federal Board of Revenue (FBR) collected Rs3.1 trillion dur-
PROFIT
STAFF REPORT
AKISTAN'S foreign exchange reserves, exports and investment inflows increased during the first quarter of fiscal year 2026-27, according to a Ministry of Finance scorecard that excludes key economic indicators, including imports, inflation, per capita income and poverty. The ministry's Pakistan Macro, Reform and Investment Scorecard for July-September 2026 reported that State Bank of Pakistan (SBP) foreign exchange reserves rose 52% year-on-year to a record $21.5 billion, while foreign direct investment (FDI) increased 20% to $720 million. Total exports grew 11% to $11.2 billion, including an 18% increase in IT and technology exports to $1.25 billion. Workers' remittances rose 14% to $10.9 billion. Total liquid foreign exchange reserves reached $26.8 billion, providing more than three months of import cover compared with 2.2 months a year earlier. The rupee appreciated 1.5% year-on-year.
CDWP approves 10 projects worth Rs40.9b, refes
ing the quarter, up 7% year-on-year and above its quarterly target. Income tax return filers increased 45% to 5.77 million. The policy rate remained at 11.5% through September, compared with its June 2024 peak of 22%. Total government debt stood at Rs86 trillion in August 2026, declining Rs714 billion from June. Domestic debt fell Rs684
billion to Rs58.8 trillion, while external debt remained stable at $98.2 billion. The debt-to-GDP ratio was reported at 68% in FY2026, compared with 75% in FY2022-23. Domestic economic indicators showed large-scale manufacturing growth of 1.85% year-on-year during July-August 2026. Automobile sales increased 28%, petroleum
US companies express interest in supplying LNG to Pakistan, explore long-term contracts
PROFIT
STAFF REPORT
The Central Development Working Party (CDWP) on Monday approved 10 development projects worth Rs40.915 billion and recommended three major schemes costing Rs172.25 billion to the Executive Committee of the National Economic Council (ECNEC) for consideration. The meeting, chaired by Federal Minister for Planning, Development and Special Initiatives Ahsan Iqbal, reviewed development proposals covering education, higher education, power, transport, communications, water resources and mass media. According to an official statement, the three projects recommended to ECNEC primarily focus on irrigation infrastructure, flood management and road connectivity in Khyber Pakhtunkhwa and Punjab. The largest proposal is the Rs85.342 billion Integrated Hill Torrent Management (ChacharMithawan) project for Dera Ghazi Khan and Rajanpur districts of Punjab. The project includes the development of modern irrigation systems, flood protection channels and improved water monitoring infrastructure to strengthen water management and reduce floodrelated risks. In Khyber Pakhtunkhwa, the CDWP recommended the Rs69.893 billion Resilient Irrigated Agriculture Livelihoods Development Project to ECNEC. The scheme involves rehabilitation of the Pehur Main Canal, construction of the Mulkhow Irrigation Distribution System and extension of the Pehur High Level Canal, with the objective of improving irrigation facilities and supporting agricultural livelihoods. In the transport sector, the forum recommended the Rs17.012 billion improvement and widening of the 39-kilometre Chakdara-Timergara section of National Highway N-45. The proposed road upgrade is intended to improve connectivity with Dir and Chitral while facilitating trade, tourism and regional transport.
PROFIT
STAFF REPORT
US companies have expressed interest in supplying liquefied natural gas (LNG) to Pakistan as Islamabad and Washington explore long-term energy supply arrangements amid regional uncertainty and efforts to strengthen energy security. The interest was highlighted during a meeting between Federal Minister for Petroleum Ali Pervaiz Malik and US Chargé d’Affaires Natalie A. Baker in Islamabad on October 26, 2026, where officials from Pakistan State Oil (PSO) and Pakistan LNG Limited (PLL) briefed participants on the interest expressed by American companies in Pakistan’s LNG market. Baker expressed the United States’ desire to work
closely with Pakistan to meet its energy needs and emphasised the importance of creating opportunities for US companies operating in the country. She also expressed optimism about establishing long-term energy supply contracts, describing such arrangements as mutually beneficial and a source of business opportunities for American companies. During the meeting, Malik outlined the challenges facing Pakistan’s energy supply amid the evolving geopolitical situation and the ongoing conflict in the Middle East. He said the situation had required proactive measures to maintain uninterrupted fuel supplies. Baker congratulated Pakistan on managing the fuel supply situation without shortages despite the difficult regional circumstances. The discussions also covered investment in Pakistan’s
FBR orders textile spinning mills to install surveillance cameras by November 15 PROFIT STAFF REPORT
The Federal Board of Revenue (FBR) has directed all registered textile spinning units to install video surveillance cameras on machinery processing natural, manmade and blended fibres by November 15, 2026, expanding its electronic production monitoring system beyond cotton bales. According to Sales Tax General Order No. 30 of 2026, issued on October 23, the new requirements cover the processing of cotton, polyester, viscose, wool and acrylic in loose, open or other non-bale forms. Issued under Section 40C(2) of the Sales Tax Act, 1990, and relevant provisions of the Sales Tax Rules, 2006, the order takes immediate effect and supplements the earlier surveillance requirements introduced through Sales Tax General Order No. 08 of 2025.
Under the new directive, textile spinning units must install cameras at specified points along their blow room, opening and blending lines to enable electronic monitoring of fibre entering the production process. These include hopper bale openers and feeders where loose or opened fibre is manually introduced, weighing and blending feeders used for natural and man-made fibres, and blow room lines dedicated to polyester, viscose and acrylic. Surveillance will also cover waste openers and recycling lines where soft waste, comber noil, card flat strips or recycled fibres are returned to production, as well as mixing and laydown areas where loose fibres are stacked or blended before processing. The FBR has directed registered textile spinning units to make the necessary arrangements for installing the surveillance equipment, including the required hardware and software, by November 15.
Govt approves board appointments for PSO, sovereign digital assets company ISLAMABAD STAFF REPORT
The Cabinet Committee on State-Owned Enterprises (CCoSOEs) has approved board appointments for Pakistan State Oil (PSO), the Strategic Digital Wallet Company and the Clean Environment Fund Company, while deferring a proposal to establish a pharmaceutical export promotion council. The committee met at the Finance Division on Monday under the chairmanship of Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb, with Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry also in attendance. According to an official statement, the committee approved a Petroleum Division summary nominating a female independent director and another independent member to the Board of Management of Pakistan State Oil Com-
pany Limited. The appointments form part of the reconstitution of PSO's board following the expiry of its previous statutory term. The committee also approved the appointment of four independent directors to the board of the Strategic Digital Wallet Company, following a summary submitted by the Finance Division.
The company has been established to manage, safeguard and administer Pakistan's sovereign virtual assets. Separately, the committee approved a Ministry of Climate Change and Environmental Coordination proposal to activate the Clean Environment Fund Company under the Pakistan Environmental Protection Agency.
The approval includes the appointment of two ex-offiio directors and three independent directors to the comny's board. The Clean Environment Fund Company is intended to support environmental protection, conservation, rehabilitation and improvement by facilitating the mobilisation and utilisation of resources for environmental initiatives. Meanwhile, the committee considered a Ministry of Commerce proposal to establish the Pakistan Pharma Export Promotion Council as a Section 42 company under the Companies Act, 2017. The proposed council would operate under the administrative control of the Trade Development Authority of Pakistan (TDAP). However, the committee deferred the proposal and directed the Ministry of Commerce to conduct further consultations with relevant stakeholders before resubmitting it for consideration.
SBP doubles banks' private equity fund investment limit to 20% as Pakistan advances reforms ISLAMABAD AGENCIES
sales 6%, cement sales 4% and fertiliser sales 2%. Private sector credit rose 16.6% yearon-year to Rs11.28 trillion in September. Financing to small and medium enterprises increased 66% to Rs1.14 trillion, while housing finance grew 71.9% to Rs365 billion. On privatisation, the ministry reported that due diligence was under way for power distribution companies, with 10 investors each pre-qualified for Faisalabad Electric Supply Company and Islamabad Electric Supply Company, and nine for Gujranwala Electric Power Company. Under government financing initiatives, the Prime Minister's Apna Ghar programme disbursed Rs76 billion against approvals of Rs426 billion, while the Zarkhez-e initiative disbursed Rs2.14 billion against approvals of Rs7.87 billion. Digital payments accounted for 92% of retail transactions by volume in FY2026, with 13.2 billion transactions recorded, representing 65% annual growth. The number of active digital merchants exceeded two million.
The State Bank of Pakistan (SBP) has increased the permissible investment limit for banks in a single private equity fund from 10% to 20%, as the government advances regulatory and taxation reforms aimed at developing Pakistan's private equity market. The regulatory change was discussed during the third meeting of the committee tasked with developing the National Private Equity Framework, chaired by Federal Minister for Finance and Revenue Senator
Muhammad Aurangzeb on Monday. According to an official statement, the committee reviewed progress on regulatory reforms, taxation arrangements, domestic capital mobilisation and investment opportunities intended to support the development of a private equity ecosystem. The SBP briefed participants on recent regulatory measures, including the increase in banks' permissible investment limit, while discussions also covered fund structures, transparency requirements and investment arrangements. On taxation, the committee reviewed proposals to treat private equity funds as
pass-through investment vehicles, under which income would be taxed at the investor level rather than at the fund level. The proposed framework is intended to provide a clear, competitive and predictable taxation environment for private equity investment. Aurangzeb directed stakeholders to examine international taxation models and adapt suitable arrangements to Pakistan's regulatory and economic conditions, while ensuring that the framework does not create opportunities for tax arbitrage, market distortions or regulatory inconsistencies. The committee also discussed mobilis-
refinery upgradation programme, which Malik identified as an opportunity for US financial institutions to participate in modernising the country’s refining sector. The meeting reflected efforts by both countries to expand energy-sector engagement beyond immediate supply concerns and explore longer-term commercial arrangements. Malik reaffirmed Pakistan’s commitment to securing its energy needs and highlighted ongoing engagement between the two countries to identify areas of cooperation. He also invited US companies to participate in the upcoming Pakistan Minerals Investment Forum (PMIF), pointing to opportunities in Pakistan’s mineral sector. Any potential LNG supply contracts and refinery investments would depend on subsequent commercial negotiations and arrangements agreed upon by the relevant companies.
FIA launches inquiry into alleged use of NHA land for petrol pumps PROFIT
STAFF REPORT
The Federal Investigation Agency (FIA) has launched an investigation into the alleged unauthorised use of government land falling within the National Highway Authority’s (NHA) right-of-way along national highways for petrol pumps, filling stations and other commercial activities, citing potential losses to the national exchequer. According to an FIA notice issued by its Anti-Corruption Circle in Islamabad, the probe covers government land falling within the NHA’s right-of-way along Grand Trunk Road (N-5) and other national highways and roads. The agency is examining allegations that such land is being used by private individuals and business entities for commercial purposes. The inquiry raises questions about the legal status of land occupied for commercial activities along national highways, the validity of leases and permissions granted by relevant authorities, and whether the government is receiving the revenue due from the use of public land. As part of the inquiry, the FIA has summoned a representative of a filling station for examination and the recording of a statement under Section 160 of the Code of Criminal Procedure (CrPC). The notice, dated October 20, 2026, directs the recipient to appear before the investigating officer on October 27 at the FIA Anti-Corruption Circle in Islamabad. The agency has asked the recipient to produce the lease agreement, no-objection certificates issued by the relevant authorities, approvals from the district administration, the Capital Development Authority (CDA) or the NHA, and the licence issued by the relevant oil marketing company. It has also sought all other records relating to the establishment of petrol pumps and filling stations. The documents are expected to help investigators examine the legal basis on which the land is being used, the approvals granted for commercial establishments and the compliance of the relevant parties with applicable requirements. The notice states that the inquiry was registered on October 11, 2026, under reference number ENQ-ACC-ICT-187/26. It was issued by a sub-inspector of the FIA’s Anti-Corruption Circle in Islamabad. The probe could have wider implications for commercial establishments operating along national highways if investigators find evidence of unauthorised occupation, irregular leasing arrangements or violations of applicable rules.
ing domestic institutional capital from banks, insurance companies, mutual funds, pension schemes and development finance institutions, alongside potential investment from local corporations and family offices. The Finance Minister emphasised that domestic capital mobilisation should remain the immediate priority, providing a foundation for attracting foreign institutional investors and facilitating international co-investment. Participants reviewed potential investment opportunities arising from acquisitions, business consolidation, new projects and exits by existing investors, with discussions focusing on developing a
pipeline of commercially viable opportunities over the next five to ten years. The committee also considered investment structures and mechanisms that could channel available domestic liquidity into private equity funds, businesses and projects. Aurangzeb stressed the importance of translating regulatory and policy reforms into practical investment opportunities through a transparent, commercially viable and investor-friendly framework. He also called for coordination among regulatory and taxation authorities to ensure consistent treatment of different investment vehicles. The Finance Minister directed relevant stakeholders to accelerate work on outstanding regulatory and taxation matters, domestic capital mobilisation and the identification of viable investment opportunities to move the National Private Equity Framework towards implementation.
Wednesday, 28 October, 2026 | ISLAMABAD
FOREIGN INVESTORS BACK SBP'S RATE HIKE TO 12%, LOCAL BUSINESSES WARN OF HIGHER COSTS
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important to preserve the emerging momentum in investment and production. He emphasised that monetary tightening should be accompanied by measures to address supply-side constraints, including competitive energy tariffs, fiscal discipline, broader tax coverage and predictable taxation and regulatory policies. In contrast, Federation of Pakistan Chambers of Commerce and Industry (FPCCI) President Atif Ikram Sheikh termed the increase counterproductive, arguing that a 12% policy rate would further raise financing costs for manufacturers already facing expensive energy, high operating expenses and liquidity shortages. Sheikh said the decision could weaken economic stabilisation efforts, restrict industrial expansion and reduce the competitiveness of Pakistani exports in international markets. He maintained that supply-side disrup-
PROFIT
STAFF REPORT
OREIGN investors have supported the State Bank of Pakistan's (SBP) decision to raise the benchmark policy rate by 50 basis points to 12%, while local business associations have criticised the move, warning that higher borrowing costs could undermine industrial recovery, discourage investment and weaken Pakistan's export competitiveness. The Overseas Investors Chamber of Commerce and Industry (OICCI) described the increase as a necessary measure to contain inflationary pressures and maintain macroeconomic stability amid rising global energy prices and geopolitical uncertainty. Aleem noted that large-scale manufacturing growth had recovered to 1.9% during July-August, while private-sector credit had expanded 14.1% year-on-year, making it
tions, energy costs, and fiscal imbalances, rather than excessive domestic demand, were driving inflation, limiting the effectiveness of higher interest rates. The FPCCI president urged the government and central bank to reconsider their monetary policy approach and reduce the benchmark rate to single digits to make financing more affordable for businesses, particularly small and medium enterprises. He also warned that higher interest rates would increase debt-servicing costs for both the government and private borrowers, placing additional pressure on public finances and business operations. Karachi Chamber of Commerce and Industry (KCCI) President Talat Mahmood similarly opposed the increase, saying it would raise the cost of doing business and discourage companies from undertaking new investments or expanding existing operations. Mahmood argued that Pakistan needed
stronger productive capacity, employment generation and export-led growth, while higher borrowing costs could discourage businesses from pursuing those objectives. He said inflationary pressures were largely linked to rising fuel and energy prices, geopolitical tensions, supply-chain disruptions and higher prices of essential commodities, which could not be addressed directly through monetary tightening alone. SITE Association of Industry President Abdul Hadi said the increase would worsen financial pressures on manufacturers at a time when many factories were operating below capacity. He warned that more expensive financing would affect both existing loans and fresh borrowing, potentially forcing businesses to reduce production, delay expansion or suspend operations. Korangi Association of Trade and Industry (KATI) President Sheikh Umer
Govt seeks $750m loan from ADB to cut pension liabilities, improve public-private partnerships PROFIT STAFF REPORT
The federal government has approved proposals to negotiate $750 million (Rs209 billion) in loans with the Asian Development Bank (ADB) for pension reforms and public-private partnerships (PPPs), despite having previously obtained foreign financing for similar initiatives, The Express Tribune reported, citing official sources. A concept clearance committee chaired by Planning Minister Ahsan Iqbal cleared the proposals, including a $500 million (Rs139 billion) loan for pension reforms and a $250 million (Rs70 billion) facility for strengthening the country's public-private partnership framework. The $500 million pension reform programme aims to improve the fiscal sustainability, governance and administration of the federal pension system by reducing existing pension liabilities, op-
erationalising a defined contribution pension scheme and improving employee engagement. During the meeting, the Planning Commission sought details of previous loans obtained for pension reforms and the outcomes achieved under those programmes. The committee directed the Finance Division to submit a report on the results of the earlier pension reform initiative, while Iqbal called for measurable outcomes from previous reforms to be linked with the objectives of the new programme. The Finance Ministry informed the committee that rising pension expenditure and long-term liabilities were reducing fiscal space for priority spending on health, education, infrastructure, climate resilience and social protection. Iqbal also emphasised that fiscal stabilisation achieved through budgetary support should help increase allocations for the Public Sector Development Pro-
Gohar calls for immediate resumption of meetings with Imran Khan CONTINED FROM PAGE 01
The dispute over emergency and governor’s rule in KP has intensified amid worsening security concerns and tensions between the federal government and the PTI-led provincial administration. Federal ministers have accused the provincial government of failing to address terrorism and governance challenges, while PTI has opposed federal intervention and considered options including an in-house change or dissolution of the provincial assembly. The federal government subsequently stepped up its warnings, with Law Minister Azam Nazeer Tarar and other officials arguing that constitutional provisions allowed the Centre to intervene if circumstances warranted extraordinary measures. On October 11, President Asif Ali Zardari approved the imposition of emergency and governor’s rule in the province on the advice of Prime Minister Shehbaz Sharif, following approval by the federal cabinet. The government cited escalating terrorist attacks, threats to lives and property, and what it described as a breakdown of the constitutional system in the province. The measures invoked Articles 232 and 234 of the Constitution, while the federal government also authorised the deployment of the army to assist the civil administration.The developments have added to the political confrontation between the federal government and PTI, with Gohar renewing calls for negotiations and the restoration of meetings with the party founder.
Five terrorists killed in joint operation in Balochistan’s Khuzdar CONTINED FROM PAGE 01
On October 18, unidentified gunmen attacked a marble mining site in Khuzdar and abducted at least 18 local labourers, a senior police official said on Sunday. The incident came two days after 20 police constables were kidnapped in the province. No group has claimed responsibility for the attacks and kidnappings. In recent years, militant groups operating in the region have frequently targeted foreign nationals, infrastructure projects, security personnel, police and Pakistani citizens from outside the province. Islamabad has repeatedly accused India of backing militant groups and Afghanistan of allowing its territory to be used for attacks in Pakistan’s western regions bordering Afghanistan. New Delhi and Kabul have denied the allegations.
gramme (PSDP) to support economic growth and employment generation. The proposed borrowing comes amid mounting debt obligations. According to State Bank of Pakistan figures cited in the proposal, the country's total debt and liabilities reached nearly Rs100 trillion by June 2026, including Rs86.7 trillion in public debt, equivalent to 68.3% of GDP. The Finance Ministry's annual borrowing plan estimates Pakistan's gross financing requirements at more than 20% of GDP. Separately, the committee approved a proposal for a $250 million ADB loan to strengthen the governance, legal and institutional framework for public-private partnerships at the federal level. The programme also seeks to improve public investment management and public financial management arrangements to facilitate private-sector participation in infrastructure development. Of the proposed financing, $200 mil-
lion would be provided on relatively expensive terms, while the remaining $50 million would carry concessional rates. The government had previously obtained a $250 million foreign loan for similar objectives, including strengthening PPP legislation, policies and institutional capacity, as well as amendments to the Public Private Partnership Act, 2017. The Planning Commission recommended an impact assessment of the earlier programme and sought an increase in the concessional component of the proposed loan. However, the Finance Division maintained that approximately half of Pakistan's existing ADB portfolio was financed through relatively expensive lending arrangements, while available concessional resources had already been allocated to other projects. It argued that increasing the concessional share of the proposed PPP loan would affect financing available for those commitments.
Govt, JI form joint panel on fuel relief, levy cut as Islamabad March looms CONTINED FROM PAGE 01
The scheme, launched nationwide on September 17, covers owners of motorcycles, rickshaws and vehicles with engine capacities of up to 800cc. It was introduced to cushion the impact of rising petroleum prices amid the evolving situation in the Middle East. According to the PMO, Shehbaz acknowledged that increases in petroleum prices had placed an additional burden on the public and said the government was making every possible effort to provide relief within its financial capacity. “The current crisis is not related to government policies but to the increase in oil prices in view of regional and international situations. However, according to financial capacity, the government is providing relief to the public and will continue to do so,” he was quoted as saying. The prime minister also highlighted Pakistan’s diplomatic efforts to resolve the regional crisis, expressing hope that a return to normalcy would help ease international oil prices. He thanked the JI leadership for pursuing negotiations over petroleum prices, while the party delegation reiterated its demand for the abolition of the levy and additional relief for the public. The meeting was also attended by JI Deputy Emir Liaquat Baloch, Deputy Secretary General Syed Farasat Shah, Islamabad Emir Nasrullah Randhawa and Inayatullah. From the government side, the participants included Dar, Iqbal, Sanaullah, Economic Affairs Minister Ahad Khan Cheema, Finance Minister Muhammad Aurangzeb, Petroleum Minister Ali Pervaiz Malik and Minister of State for Finance and Railways Bilal Azhar Kiani. ‘CANNOT SIMPLY ACCEPT PEANUTS’ Speaking at a press conference in Islamabad after the meeting, Rehman said JI would not postpone its planned march any further, confirming that it would take place in mid-November unless the government announced relief and devised a mechanism to abolish the petroleum levy. “It will now take place in mid-November, and it certainly will take place. Let them announce this package, provide this relief, and devise a mechanism to abolish this extortionate levy before that, [but] if they do not do so, we might have to sit on the road to talk,” he said. “We are prepared for anything,” the JI chief added. Asked about the outcome of his meeting with the prime minister, Rehman stopped short of describing the talks as inconclusive, saying the two sides had agreed on expanding the scope of the relief scheme but differed over the modalities and procedure. “We say eliminate the levy; they say we can move towards it phase by phase,” he said. Referring to the joint committee, Rehman said Baloch, Shah and Randhawa would represent JI in the negotiations. “We cannot simply accept peanuts,” he said when asked about a reported government proposal to reduce the levy by Rs20 to Rs30, reiterating that his party would not abandon its demand. He said JI would continue preparing for the Islamabad march while keeping the channel of dialogue open with the government. “Our preparations are already complete; we will prepare further [and] we will talk to them (the government) further. However, we will also hold the Islamabad march in mid-November,” he said. Asked whether JI had offered an alternative to the complete abolition of the levy, Rehman replied in the affirmative, saying the party had made comprehensive preparations.
He also criticised successive governments for pledging to avoid borrowing from the International Monetary Fund (IMF) but eventually entering into programmes with the lender after coming to power. “Give relief to the people; do not take retribution for your incompetence from the nation,” he said. The JI chief also questioned the increase in refinery margins alongside rising international oil prices, arguing that the public should have received greater relief. “That should have decreased, people should have gotten relief,” he said.
NEWS 03
Rehan also expressed disappointment, saying the decision could undermine industrial recovery and business growth. He urged policymakers to focus on reducing energy costs, improving taxation arrangements and strengthening industrial policies to address inflation and support investment. Federal B Area Association of Trade and Industry (FBATI) President Syed Raza Hussain rejected the increase, warning that it would adversely affect industrial and commercial activity. Pakistan Textile Exporters Association Chairman Rehan Naseem Bharara said the higher policy rate would increase workingcapital costs for exporters, restrict investment and weaken their ability to compete internationally. He said the textile sector was already struggling with high energy and financing costs, making additional monetary tightening particularly difficult for exportoriented manufacturers. The contrasting reactions highlight different priorities between foreign investors and domestic industry: the former emphasises inflation control and macroeconomic stability, while local businesses seek lower financing costs to sustain production, investment, and exports.
Naqvi hints at Imran’s transfer to Islamabad Jail as new facility readies for opening CONTINUED FROM PAGE 01
PM TO INAUGURATE FACILITY IN COMING DAYS: “Now this project is ready. We are now waiting for the prime minister for the opening in the next few days, and then we will transfer the prisoners here,” Naqvi said. He praised the entire team, including the CDA chairman, for reviving a project that had nearly been abandoned. During the visit, the minister inspected the jail’s kitchen and hospital, saying the facility had been constructed in accordance with international standards and its administration was prepared to start operations after the inauguration. He said 1,500 prisoners would be shifted to the jail in the first phase, while the second phase would accommodate around 3,000 to 4,000 prisoners. 1,500 PRISONERS EXPECTED TO BE SHIFTED IN FIRST PHASE: According to jail sources, around 1,500 prisoners, including Imran, are expected to be transferred to the new facility in the initial phase. The phase includes three completed barracks, a 35-bed mini-hospital, a mosque and a kitchen. The sources said Imran could be moved to the facility between November 20 and 30. A special ward for him has reportedly been completed, while installation of its closed-circuit television (CCTV) surveillance system is in the final stages. Naqvi had also indicated in February that Imran could be shifted to the new jail. Speaking to the media after visiting the then under-construction facility, the interior minister was asked whether the PTI founder would also be moved there. “If he has been sentenced by Islamabad, then he will come here. The people [sentenced in] Islamabad will be brought here,” he had said. MODERN CORRECTIONAL FACILITY WITH SECURITY, REHABILITATION AMENITIES: Located in Sector H-16 of the federal capital, the Islamabad Model Central Jail spans 90 acres and has been designed to accommodate 2,000 inmates. Once operational, it will become the capital’s first purpose-built prison, replacing the existing arrangement under which Islamabad’s prisoners are housed at Rawalpindi’s Adiala Jail.The state-of-the-art correctional complex has been designed with modern security infrastructure and facilities focused on rehabilitation.
04 COMMENT
Michigan is this year’s most important election
Raising the interest rate
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The SBP MPC signals inflation is making a comeback
HE State Bank of Pakistan’ Monetary Policy Committee has raised the interest rate back to 12 percent, a 50 basis-point increase that reflected something the MPC had been ignoring for some time, the war in the Middle East. However, the MPC waited until there were signs that inflation was creeping up. The last month has seen the Sensitive Price Index register increases that exceed the official target of five to seven percent, which the MPC clearly saw as a signal to increase interest rates. This is clearly a move of great daring, for there are also predictions that the economy is headed towards a downturn anyway, because of the war, and as the region is involved, it is unlikely that any interest rate changes will serve to control inflation. Of more concern should probably be the loss of growth, which will be made worse by the rise in interest rates, but which will wash over the economy as the entire region plunges into the predicted recession. However, another factor influencing the MPC would be the recommendation by the International Monetary Fund that inflationary pressures, which it predicted were coming, should be combatted by increasing interest rates. With another IMF programme probably on the line, its advice could not be ignored casually. That aligns with the fact that the IMF has never cared very much for growth, and indicates that the progrowth party has lost the debate to those who fear inflation more. However, the MPC also noted that exports appeared to be recovering, while the rise in non-energy imports indicated that the economy was recovering. However, the emphasis on how Pakistan was performing on the foreign exchange front indicated some concern about how the war would go on. The indications are that the USA and Israel are waiting for the respective elections to be over, but there is no predicting what those aggressors might come up with afterwards. If the world does slide into a recession, Pakistan will find itself rather badly placed, and inflation might be less of a concern than growth. It should not be forgotten that Pakistan needs that growth badly, so that there are enough jobs to absorb the young people entering the job market. It should not be forgotten that the World Bank regional director earlier in the week recommended that Pakistan should embark on growth. That requires balancing with the need to stop inflationary pressures again rearing their head.
A race to be watched by all
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WASHINGTON WATCH Dr JAmeS J ZOGby
HE Michigan Senate race between the Democratic nominee, Abdul El-Sayed, and his Republican opponent, Mike Rogers, is this year’s most important election. It’s significant on a number of levels, not the least of which is that El-Sayed is an Arab American Muslim of Egyptian descent. Prior to this, we’ve had four Arab Americans elected to the US Senate— former Majority Leader George Mitchell (D-ME), James Abourezk (D-SD), James Abdnor (R-SD), and John Sununu (R-NH)— none of them Muslim. If elected, El-Sayed would be the first Muslim in the Senate. This is a breakthrough that hasn’t been lost on Republicans and President Trump, who have made a determined effort to exploit it at every turn. They’ve done TV ads alleging that El-Sayed’s mother was affiliated with the Muslim Brotherhood in the 1970s. The problem with this charge is that ElSayed’s parents separated when he was three; she moved back to Egypt and he grew up with his father in Michigan. However, when using slanderous attacks to tarnish a candidate is the goal, facts don’t matter. And so, the GOP has persisted in spreading the Muslim Brotherhood lie on social media and by sending paid hecklers to El-Sayed’s campaign events pestering him with questions and comments like: “Will you denounce the Muslim Brotherhood?” A recent exchange of this sort backfired on the Republican instigators. At a town hall when a young man asked whether El-Sayed would denounce the group, El-Sayed shot back, “Yes, absolutely,” and then pivoted by asking the questioner, “Why are you asking me this?” wanting to know whether it was because of his name and how he prayed. He then made clear that the document to which he would take an oath was the US Constitution and smartly compared the attacks against his religion with those leveled against President Kennedy— that Kennedy would be more loyal to the Catholic Pope than to the Constitution. ElSayed concluded by noting that he wasn’t running to be a Muslim senator, but a senator who happened to
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mAJID burfAT
HE Middle East is witnessing a dangerous escalation as Yemen’s Houthi movement intensifies its attacks on Saudi Arabia, bringing the security of major aviation hubs and critical infrastructure into sharp focus. Recent missile and drone strikes on King Khalid International Airport in Riyadh have caused civilian casualties and widespread disruption to air travel, raising serious questions about Saudi Arabia’s air-defence capabilities and the vulnerability of its economic ambitions. The attacks also revive a broader geopolitical question: while Washington and the Houthis have previously reached an Oman-mediated ceasefire, could their competing strategic interests be reshaping the USA’s security relationship with Riyadh? To understand this emerging crisis, one must examine the military calculations behind the attacks, their potential ecoas the USA made an under-the-table deal with the Houthis?nomic consequences, and the diplomatic manoeuvring surrounding the Red Sea and the Arabian Peninsula. The Houthi campaign against Saudi Arabia’s airports and other critical infrastructure can be understood through three strategic considerations. First, attacks on airports can serve as a means of retaliation and political coercion. The Houthis have long opposed Saudi military intervention in Yemen and restrictions affecting areas under their control, including those associated with Sana’a International Airport. By
Until a durable political settlement reduces the incentives for continued escalation, Saudi Arabia’s airports, economic infrastructure and international ambitions will remain exposed to the risks of asymmetric warfare.
threatening Saudi aviation infrastructure, they can attempt to impose costs on Riyadh and signal that the conflict cannot be contained within Yemen’s borders. Whether this represents a formally articulated “airport-for-airport” doctrine, however, requires direct evidence from Houthi statements. Second, the attacks threaten the economic foundations of Saudi Arabia’s Vision 2030 programme. Under Crown Prince Mohammed bin Salman, the Kingdom has invested heavily in transforming itself into a global centre for business, tourism, logistics and international investment. These ambitions depend substantially on perceptions of security and stability. Repeated attacks on Riyadh’s airport could undermine investor confidence, disrupt international travel and complicate efforts to attract global businesses and visitors. Even when military targets are not the primary objective, the economic and psychological consequences of threatening civilian aviation can be considerable. Third, the attacks expose the challenges of defending critical infrastructure against asymmetric warfare. Saudi Arabia operates advanced air-defence systems, including US-made Patriot and THAAD platforms. Nevertheless, sophisticated defensive equipment cannot guarantee the interception of every incoming threat, particularly when defenders must protect a wide geographical area against different types of missiles and drones. The cost of intercepting relatively inexpensive drones can also create an unfavourable economic equation for the defending side. Although saturation tactics are a recognised concern in modern warfare, claims that a particular combination of drones and missiles overwhelmed Saudi radar or interception systems should be supported by operational evidence. Beyond the military confrontation lies a more complicated diplomatic question: what do Washington’s previous dealings with the Houthis reveal about its priorities in the region? In May 2025, Oman announced a ceasefire agreement between the USA and the Houthis following diplomatic contacts aimed at reducing escalation and protecting international shipping. The publicly stated arrangement provided that neither side would target the other, including US vessels in the Red Sea and Bab al-Mandeb Strait. The agreement was therefore not secret, although the extent of the negotiations and the strategic calculations behind them merit continued scrutiny. That distinction is important. A diplomatic understanding designed to protect US shipping does not, by itself, establish that Washington
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be a Muslim. That exchange went viral on social media, drawing more than 50 million viewers the first night. The next day it was revealed that the heckler was a former staffer for a very conservative anti-Muslim Senator. He had been hired by a group that had received a very substantial contract to hire hecklers to disrupt ElSayed events. This brings into focus another reason why this election is so important: the role of dark money in US politics. Dark money refers to money raised by “super PACs” and independent expenditure funds that are not required to report donors before elections. This has allowed billionaires and special interest groups to amass large sums and spend them to defame candidates who oppose their agendas. Increasingly, these dark money sources are raising and spending more on campaigns than the candidates raise for themselves. In the primary, El-Sayed was confronted by dark money expenditures of $70million ($31 million from pro-Israel groups), much of it on negative attacks against him. Despite being outspent by a margin of 11 to 1, El-Sayed won. In the general election, it is estimated that another $100 million in dark money will be spent against him. If he wins, it will demonstrate the limits of dark money and help advance the argument that dark money should be banned because of its corrosive role in our democracy. From the beginning of his campaign, El-Sayed has been a clear and consistent critic of US support for the Israeli genocide in Gaza. This was the main reason why so much pro-Israel super PAC money was spent to defeat him. His Democratic primary opponent made support for Israel central to her campaign, at one point emotionally noting how much she loved and would always stand by Israel. Pro-Israel Jewish organizations denounced ElSayed and did their best to tarnish him, labeling him antisemitic. This succeeded in costing El-Sayed some support from Jewish American Democratic voters. In spite of this attrition, he won the primary, with one pre-election survey saying he had nevertheless retained the support of a bloc of progressive Jewish voters. Now in the general, El-Sayed is still being confronted by the same attacks and an organized effort
Wednesday, 28 October, 2026
among these same pro-Israel groups who are pledging to vote for his opponent. El-Sayed has made it clear that instead of spending billions to buy bombs to kill Palestinians, thE USA’s wealth ought to go to build better schools, provide health care, and provide for people’s needs here at home. While this was once a taboo topic, it has resonated with Democrats and independent voters. This, in itself, is a breakthrough. Finally, an El-Sayed victory will succeed in advancing a progressive agenda. Despite being attacked as a socialist, he maintains that he is a supporter of capitalism who wants to see it work to meet the needs of people. He makes this point with a mantra he uses to begin his rallies: “Money out of politics, money in your pockets, Medicare for all.” His arguments are simple: It shouldn’t be easier for a billionaire to make another billion than it is for a family to be lifted out of poverty. Health care should be seen as a human right for all, not a privilege that can only be afforded by some. And instead of spending billions for wars, we need to invest in schools and the quality of life here at home. These are the challenges El-Sayed presents to our politics. If he wins, he will have succeeded in shattering taboos and raising issues that will have a lasting impact. And even if, God forbid, he loses, our politics will never be the same. On so many levels, this is a historic, transformative campaign. The writer is President, Arab American Institute
These are the challenges El-Sayed presents to our politics. If he wins, he will have succeeded in shattering taboos and raising issues that will have a lasting impact. And even if, God forbid, he loses, our politics will never be the same. On so many levels, this is a historic, transformative campaign.
Editor’s mail
made a parallel commitment to leave Saudi Arabia exposed to Houthi attacks. Nor does it prove that the Houthis received informal recognition in exchange for restraining their operations against US interests. Nevertheless, the episode illustrates a fundamental feature of international politics: major powers frequently pursue limited agreements to protect their immediate interests, even when their regional partners have broader security concerns. For Washington, safeguarding maritime trade, protecting its personnel and avoiding an open-ended military commitment are important strategic considerations. For Riyadh, the priorities are different but overlapping: defending its territory, securing its infrastructure and preventing the Yemen conflict from threatening its economic transformation. These interests may align in some circumstances and diverge in others. The latest attacks have consequently intensified the question of how far Saudi Arabia can rely on external security partnerships during a rapidly changing regional crisis. The issue is not necessarily that the USAhas abandoned its ally, but that an alliance does not automatically guarantee identical threat perceptions, military commitments or responses to every escalation. Saudi Arabia must therefore consider a combination of credible deterrence, stronger air defence coordination, regional diplomacy and sustained efforts to address the underlying conflict in Yemen. Military retaliation alone may impose costs on the Houthis, but without a viable political settlement, it may also perpetuate the cycle of attack and counterattack. Ultimately, the crisis extends beyond the security of an individual airport. It concerns the resilience of Saudi Arabia’s economic ambitions, the reliability of regional security partnerships and the future of maritime stability around one of the world’s most strategically important waterways. The central question is not simply whether a secret US-Houthi deal exists. It is whether Washington’s efforts to protect its own interests can be reconciled with Saudi Arabia’s demand for reliable security— or whether the growing divergence between those priorities will force Riyadh to reconsider the foundations of its regional strategy. Until a durable political settlement reduces the incentives for continued escalation, Saudi Arabia’s airports, economic infrastructure and international ambitions will remain exposed to the risks of asymmetric warfare. The writer is a freelance columnist
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A curable neglect
THE ongoing month of January is observed globally as the Leprosy Awareness Month. It offers Pakistan an opportunity to reflect on a public health challenge that continues to persist quietly. Despite being entirely curable, leprosy remains present in Pakistan, largely affecting marginalised communities and those with limited access to healthcare. The continued appearance of new cases highlights gaps in early detection, awareness and sustained policy attention. No individual shaped Pakistan’s response to leprosy more profoundly than did Dr Ruth Pfau. As a result of her efforts, Pakistan achieved the World Health Organisation (WHO) target of eliminating leprosy as a public health problem in 1996. However, elimination did not mean eradication. New cases continue to be detected each year, suggesting that trans-mission has not been completely inter-rupted. Underreporting remains a concern, driven by weak surveillance mechanisms, insufficient training at the primary healthcare level, and the enduring stigma that discourages patients from seeking timely care. Honouring Dr Ruth Pfau’s legacy re-quires more than symbolic remembrance; it calls for renewed institutional commit-ment. Strengthening early detection through primary healthcare, investing in active case finding in high-risk areas, and integrating leprosy services into routine surveillance are essential steps. Equally important is the need to address stigma through sustained public awareness campaigns. Pakistan must focus on rehabilitation and social reintegration for individuals living with leprosy-related disabilities. Medical treatment alone cannot undo the social and economic consequences of delayed diagnosis. Coordinated efforts involving health, social welfare and labour sectors are necessary to restore livelihoods and ensure long-term inclusion. Diseases persist when policy commitment weakens and systems fall silent. Pakistan’s success in controlling leprosy once demonstrated what sustained leadership and compassion could achieve. Preserving that honoured legacy now depends on whether or not the country chooses to reaffirm its responsibility to those still living at the margins of care. PROF (DR) ATTA UR REHMAN KARACHI
Patriotism through knowledge
THE national emblem of Pakistan is a familiar sight for everyone, yet its deeper meaning remains largely overlooked. Beyond its visual identity, the emblem embodies profound symbolism: the crescent and star represent progress and enlightenment, while the four crops, cotton, wheat, tea and jute; signify agricultural strength and economic self-reliance. The emblem features a shield encircled by a floral wreath of Jasminum officinale, Pakistan’s national flower, symbolising purity and reflecting the rich cultural heritage of the Mughal era. The Urdu motto ‘ittihad, iman, tanzim’ encapsulates the nation’s ideological foundations of unity, faith and discipline. Almost everyone is unaware of this, which highlights a need for stronger civic education. Such a disconnect not only reduces national symbols to ceremonial imagery, but it also contributes to a weakening of national consciousness, particularly among younger generations. Including the historical, ideological and symbolic significance of the national emblem into educational curriculum, public awareness campaigns and media discourse can help build real patriotism based on knowledge rather than mere symbolism. At a time when Pakistan faces political, social and moral challenges, helping citizens connect with the values represented in the national emblem is a vital need. KHIZRA RASHAD LAHORE
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COMMENT 05
Why is Russia now looking to Hong Kong? Wednesday, 28 October, 2026
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The logic behind a strange relationship stephen rozario
USSIA-HONG KONG economic relations are gaining importance in 2026, although their scale remains much smaller than Russia’s relationship with mainland China, according to an analytical report published by the leading, popular and famous Russian media outlet ‘Russia’s Pivot To Asia’. Bilateral merchandise trade reached approximately $4.3 billion in 2025, while trade during January-June 2026 reached about $2 billion, including more than S$1.1 billion of Russian exports to Hong Kong. Hong Kong ranked around 23rd among Russia’s global trading partners, accounting for roughly 0.3% of Hong Kong’s total trade, while Russia was Hong Kong’s 19th-largest import source and 27th-largest export market. Within Central and Eastern Europe, however, Russia was Hong Kong’s largest trading and import partner. ‘Russia’s Pivot To Asia’ said that the relationship is increasingly based on Hong Kong’s role as an international financial, logistics and commercial centre rather than on the size of its domestic market. Its proximity to Shenzhen, Guangdong and the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) provides Russian companies with a potential platform for reaching mainland China and wider Asian markets. On 10 June 2026, Hong Kong Chief Executive John Lee Ka-chiu invited Russian companies and investors to explore opportunities in the Northern Metropolis, a roughly 30,000-hectare development zone along the Shenzhen border. The project combines housing, industry, technology and innovation and is expected to create approximately 650,000 jobs. Areas highlighted for international investment include high technology, artificial intelligence and environmental industries. Russian Consul General Anatoly Kargapolov said Russian businesses were prepared to examine joint investment opportunities in the GBA and Northern Metropolis, ‘Russia’s Pivot To Asia’ said. Hong Kong announced its first 20262030 Five-Year Plan on 16 September 2026, emphasizing international finance, maritime and trade services, innovation, technology, GBA integration, Belt and Road participation and emerging productive industries. The plan includes 196,000 public housing units and accelerated development of the Northern Metropolis. For Russian companies, finance,
commodity trading, logistics, technology, environmental industries and access to the GBA are among the most relevant areas. Gold has become the most significant commodity channel. Almost 100 tonnes of Russian gold reached Hong Kong during the first seven months of 2026, around three times the volume recorded during the same period of 2025. By early August, shipments had already exceeded the 85 tonnes imported during all of 2025, while July alone accounted for approximately 23.1 tonnes, ‘Russia’s Pivot To Asia’ said Since 2022, the estimated cumulative value of Russian gold routed through Hong Kong has reached approximately HK$276 billion, or $35 billion. Much of the metal subsequently moves into mainland China. Hong Kong received approximately 82.2 tonnes of Russian gold worth $5.21 billion in 2023 and about 92 tonnes worth $10.5 billion in 2025. This reflects the broader redirection of Russian gold exports from traditional Western destinations toward Asian markets following the disruption of established trading channels after 2022. Hong Kong is also developing its precious-metals infrastructure. On 7 July 2026, the city began testing a centralized gold clearing and settlement system, with a full launch planned for Q1 2027, supporting its ambition to become a major international precious-metals trading centre. Russian crude oil has created another important commercial channel. In August 2026, non-G7 tankers transported 70.7 percent of Russia’s roughly 3.8 million barrelsper-day crude exports. Hong Kong-linked operators handled around 32 million barrels, compared with 18 million barrels in July, the highest monthly level since November 2022. Meanwhile, Greek tanker activity declined: Greek operators handled approximately 13.6 million barrels, compared with 26.4 million barrels in July, while their Black Sea loadings fell from 11.6 million to 3 million barrels, ‘Russia’s Pivot To Asia’ said Hong Kong’s ports, shipping, insurance, commodity-finance and trading capabilities could support lawful energy commerce. However, Russian-related shipping and financial transactions face significant sanctions and compliance requirements, making transparency and regulatory compliance essential. Food and agricultural trade represents a smaller but increasingly diversified part of the relationship. Russia-Hong Kong agricultural and food trade reached approximately US$37 million during January–August 2026,
Can police make you unlock your phone?
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KATHMANDU POST bivek Chaudhary
OLICE have your phone. They tell you to unlock it. You say no. Investigators may call that ‘non-cooperation’, but a label doesn’t settle anything. What matters is whether the demand had a legal basis in the first place, and whether forcing you to comply would violate your rights. Seizing a phone and forcing its owner to unlock it are two different things. Having the power to do the first doesn’t give you the second. Your phone holds private conversations, bank records, work emails and a record of where you’ve been, and police would love to see it all. Getting in can be the difference between knowing what happened and guessing. No one is suggesting police shouldn’t investigate. The narrower question is whether chasing evidence lets the state make an accused person help build the case against themselves. Article 20(7) of Nepal’s Constitution says no one accused of an offence can be compelled to be a witness against themselves. It sets a limit on how far investigators can go. There is a real difference between collecting evidence that already exists and making a person do something so you can reach it. The messages, photos and documents on a phone were there before any investigation began. Asking for the password changes that. The owner stops being someone who simply owns an object and becomes a participant in the process that opens it up. So we can’t wave the issue away by saying, “The evidence was already there.” Even unlocking a phone isn’t one act. Telling police a password you’ve memorised, unlocking the phone yourself, and letting investigators in through a separately authorised technical process are three different things, and the law may treat them differently. Lumping them together skips the very question that needs answering. The same goes for seizing a phone and looking through it. Being allowed to seize a device doesn’t, on its own, settle how its contents can be examined or what methods can be used to get in. Article 28 protects the right to privacy, and the Privacy Act, 2075 BS, adds protections for personal information and communications, subject to other laws. These have to be read alongside police powers. A lawful investigation can justify looking at relevant digital material, but how far that power reaches, what procedure applies and which methods are allowed depend on what the law actually says. Nor does holding a phone give police free rein
over everything in it. It gets especially interesting when access depends on the owner’s own action. Suppose investigators could get the same data through a legally authorised forensic process. Does forcing the owner to give up a password then raise its own problem? And if the law allows compulsion in some cases, what safeguards come with it? These need answers drawn from legislation and court rulings, not assumptions about police power. Investigators may see a refused password as an obstacle. But wanting cooperation isn’t the same as having a right to it. If there is a legal duty to comply, it has to be in the law, and someone shouldn’t be treated as having committed a separate offence just because they said no. That cuts both ways. Citing Article 20(7) doesn’t automatically protect every refusal. Whether a demand amounts to compelled self-incrimination depends on what exactly is being asked and in what circumstances. Police should be able to explain the legal basis for their demand, and the person on the receiving end should be able to challenge it through the remedies the law provides. Where the law is vague about compelled access to encrypted devices, practice becomes inconsistent, and evidence gets challenged. A good framework would treat four things separately: seizing a device, examining it, demanding a password, and using technical tools to get around security. For each, it would say what legal authority is needed, when a judge’s approval is required, what safeguards protect personal data, and what happens if someone refuses. It should also cover preserving evidence, documenting each step and protecting information unrelated to the alleged offence. None of this hampers good policing; it makes evidence more likely to hold up in court. Nepal Police and the relevant bodies should check whether current laws and procedures deal with compelled access to password-protected phones and, if not, put a standard operating procedure in place. A phone can be a seizable object, a store of existing evidence and a window into someone’s private life, all at once. The law should recognise those as separate things instead of assuming that power over one means power over all three. Whether, when and on what lawful authority the state can require an accused person to help it get in is the question Nepal’s legal institutions now have to answer. Bivek Chaudhary writes on constitutional law, fundamental rights, criminal justice, and the administration of justice in Nepal.
increasing 7.6 percent year-on-year, while Russian food exports rose 8.4 percent to $36.5 million. Russian exports include meat, poultry, vegetable oils and canned crustacean products, while Hong Kong exports include plants and plant materials used in pharmaceutical and perfume production, confectionery, hop tea, canned fruit and nuts. The Russian Export Center (REC) organized a consumer-goods business mission in Hong Kong on 15-16 September 2026. Twelve Russian companies from food, confectionery, jewelry, veterinary and agricultural sectors participated. Companies included Makfa, FrutoNyanya, Belyovskaya Pastila, SlaSti and ROZHKOVA LAB. The delegation met potential distributors and buyers and explored opportunities not only in Hong Kong but throughout the GBA, China, Vietnam, Indonesia and wider ASEAN markets. The mission involved the Russian Export Center, Russia’s Ministry of Agriculture, the Russian Consulate General, the Federation of Hong Kong Industries, the Chinese Manufacturers’ Association of Hong Kong and the Hong Kong Trade Development Council. REC representative Evgeny Bazhov described Hong Kong as an international business hub capable of connecting Russian companies with partners and markets. Representatives including Vera Nikitina of Belyovskaya Pastila and Aleksey Moskvites of SlaSti highlighted opportunities for Russian traditional sweets and protein products in the Hong Kong market, ‘Russia’s Pivot To Asia’ said. Russian consumer activity is also becoming more visible. On 15 April 2026, Consul General Anatoly Kargapolov attended the opening of Borsch Spot in Fo Tan and the Russian Pavilion supermarket in Kai Tak. Russian Pavilion became the city’s second
The Northern Metropolis, the 2026–2030 Five-Year Plan, new gold-clearing infrastructure and expanding Russian business missions could further strengthen this function.
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ARAB NEWS
Russian supermarket after the Mong Kok outlet. The stores offer frozen fish and meat, chocolate, jam, snacks, health products and skincare. Companies including Slavic Feast, Borsch Spot and Siberia Taiga are involved in the emerging Russian retail network. Tourism provides another economic connection. Russian visitor arrivals increased from approximately 60,000 in 2023 to 131,598 in 2024 and 164,592 in 2025. Approximately 110,000 Russian visitors arrived between January and May 2026, representing a 57.6 percent year-on-year increase and making Russia the second-largest European source market after the United Kingdom during that period. Hong Kong received more than 26 million visitors during January–June 2026, up 13 percent year-on-year. Russian visitors can generally stay in Hong Kong visa-free for up to 14 days under the applicable arrangements, ‘Russia’s Pivot To Asia’ said. Despite increasing trade, the Russian corporate footprint remains limited. Hong Kong statistics recorded only 10 Russian regional headquarters, regional offices and local offices as of June 2025. Russia-linked companies associated with Hong Kong include United Company RUSAL, Aeroflot, ALROSA, Nornickel, FESCO, Galileosky, Kaspersky, X5 and VTB Capital, although classifications vary because some entities use Hong Kong or offshore corporate structures. RUSAL remains particularly significant as the first Russian company to list on the Hong Kong Stock Exchange, in January 2010. Hong Kong investment in Russia is similarly difficult to measure because Hong Kong-incorporated or Hong Kong-listed companies are not necessarily Hong Kongowned businesses. Hong Kong offers a relatively attractive tax structure, with profits tax of 8.25 percent on the first HK$2 million of assessable profits and 16.5 percent thereafter. The territory
A last-ditch attempt to bring Tehran closer to Makkah The writer is a freelance columnist.
This third round, if it happens, is not about managing the nuclear file. It is about ending it, and possibly many other things along the way. So, who will compromise?
Faisal J. abbas
HE surprise visit by the Makkah Pact senior officials — Saudi Arabia, Pakistan and Turkiye — to Tehran left many wondering: What can three capitals with different equities but a shared concern actually achieve in Tehran, and at this late hour? The answer is both modest and crucial. The visit represents an opportunity to apprise Iran of the facts and risks, and the need to act wisely and realistically, and to spare its people and the region the consequences of escalation. This is particularly true when a destructive US-Israeli campaign seems more imminent than ever. This is not speculation. As CNN reported this week, US officials said American forces in the Middle East are prepared to launch new, potentially major, military operations against Iran “within 96 hours of receiving” an order from President Donald Trump. Sufficient forces are now deployed in the region to carry out the potential attacks, the sources said. And the scope, crucially, would likely go beyond efforts to simply “mow the lawn” — striking radars and launchers that can be quickly reconstituted — as has been the case since Trump halted full combat operations earlier this year. In other words, this third round, if it happens, is not about managing the nuclear file. It is about ending it, and possibly many other things along the way. So, who will compromise? Well, both sides will have to give up something, as both sides have something to lose. The only difference is that Saudi Arabia takes losses, both its own and the region’s, into consideration — civilian, economic and strategic. I am not sure the same can be said for the ideologues in Tehran who consider enrichment a red line and refuse to send a gram
of enriched uranium abroad. What was acceptable under Barack Obama in 2015 — 3.67 percent enrichment with a portion shipped to Russia — is now unacceptable to Trump. His position is zero enrichment, transfer of all stockpiles to America and the dismantling or severe restriction of facilities. Tehran, meanwhile, refuses both. Trump has also made it clear that if he does not get what he wants through negotiations, he will not hesitate to use brute force. The distance between the two positions is vast. But that is exactly why the Makkah Pact matters. Since its inception, the Kingdom has walked the fine line between diplomacy and deterrence. It has bravely and with high accuracy managed to protect itself, its holy sites and its people from missiles and drones, while keeping the door to de-escalation ajar. However, an unprecedented US-Israeli attack will have unprecedented consequences, whether or not it is militarily successful — for energy, for navigation, for the entire re-
ELECTION OFFICIALS WARN THAT BALLOTS TIED TO STRAY CAT UNLIKELY TO ARRIVE IN TIME SATIRE
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generally has no VAT/GST, capital-gains tax or withholding tax on dividends. The Russia–Hong Kong Comprehensive Double Taxation Agreement, signed in 2016, provides a framework for taxation of cross-border business activities. The principal commercial challenge is banking and compliance rather than taxation. Financial institutions may apply enhanced risk controls to Russia-related transactions, while international banks and companies must consider sanctions and secondary-sanctions exposure. A Russia–Hong Kong Investment Promotion and Protection Agreement remains under negotiation rather than being in force. Overall, the relationship is developing from a relatively narrow commodity connection toward a broader network covering gold, energy, shipping, logistics, finance, tourism, food, consumer goods, technology and professional services. Hong Kong is not a substitute for mainland China in terms of trade volume. Its distinctive role is as an international financial and commercial centre located next to the GBA, combining finance, free-port logistics, commodity markets, professional services, legal infrastructure and access to Asian consumers. The Northern Metropolis, the 2026– 2030 Five-Year Plan, new gold-clearing infrastructure and expanding Russian business missions could further strengthen this function. At the same time, banking restrictions, sanctions compliance, regulatory requirements and the relatively small Russian corporate presence remain important constraints. The emerging model is therefore one in which Hong Kong serves as a specialized commercial bridge connecting Russian producers and investors with mainland China, the Greater Bay Area and wider Asian markets, ‘Russia’s Pivot To Asia’ said.
THE ONION
RGING the public to use the most reliable methods available to submit their vote, election officials across the country warned Monday that a ballot tied to stray cat would likely
not arrive in time. “Unfortunately, finding a stray tabby under a car and gently tying your ballot to its tail with a ribbon almost certainly ensures your vote will miss the deadline for counting,” said Michigan Secretary of State Jocelyn Benson, adding that laying out a few treats in a trail and nudging the animal in the direction of the city clerk’s office would not accelerate the process. “Cats are notoriously distractible, and
gion. This is why a last-ditch attempt to avert war is not weakness. It is wisdom. Still, there are limits to what the Makkah Pact side will accept, and they must be stated clearly. Any discussion about regional security must be based on respect for the UN Charter, international law and the Charter of the Organization of Islamic Cooperation. That includes a concrete commitment: ceasing interference in Arab affairs, stopping support for militias and attacks, and ensuring freedom of navigation and its security. This is the minimum for any regional order worth its name. The ball is now in Tehran’s court. Eight days before the US midterms, the clock described by CNN is ticking. Will Tehran choose to come closer to Makkah — to realism, to the neighborhood, to international law — or will it risk chaos not just for itself but for the whole region?
Faisal J. Abbas is the Editor-in-Chief of Arab News.
every minute wasted stalking a moth or snoozing on a patch of sunny pavement increases the risk that your voice will not be heard in this critical midterm election. If you are nowhere near a ballot drop box or even a standard mailbox and have no other alternative, at least select a stray that seems to be in good health and capable of evading coyotes, hawks, and other predators. It is unlikely those animals will assume possession of your ballot and carry it to its final destination.” Benson went on to say that voters with no access to any other method could simply tie their ballot to a balloon, which arrives by the deadline 98% of the time.
06 NEWS
IRAN'S SUPREME LEADER CALLS FOR TIGHTER CONTROL OF STRAIT OF HORMUZ TO END US WAR
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Wednesday, 28 October 2026 | ISLAMABAD
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RAN'S Supreme Leader Ayatollah Mojtaba Khamenei on Tuesday met with Security Chief Mohsen Rezaei, reaffirming "the necessity of tightening the management of the Strait of Hormuz," Iranian media reported. Khamenei, who has not been seen in public since succeeding his slain father Ali Khamenei, called for ensuring that Tehran’s conditions were met to end the war as Rezaei briefed him on the country’s situation and measures being taken to address ongoing challenges. The supreme leader reaffirmed "the importance of relations with neighbouring countries based on interests", stressed the importance of pursuing Iran's interests and implementing its conditions with the aim of ending the war, and the "no war, nor peace situation", state media said. REPORT ADADVERTISEMENT He also stressed the need to safeguard the rights and interests of the Iranian people and what Tehran calls the “resistance front” by fulfilling the conditions set by Iranian officials for ending the conflict with the US. Khamenei further described the Supreme National Security Council as a central body for managing state affairs, emphasising coordination among political, economic, cultural and security institutions.
Iranian president Pezeshkian discusses strengthening cooperation with Qatari emir Iranian President Masoud Pezeshkian and the Emir of Qatar Tamim Bin Hamad AlThani discussed expanding political, economic, and energy cooperation as well as strengthening coordination among gas-exporting countries during a meeting on the sidelines of the GECF Summit in Moscow, according to IRNA on Tuesday. The eighth Gas Exporting Countries Forum summit has begun today in Moscow, with Pezeshkian in attendance. Washington’s security guarantees have
proven ineffective: Iranian security chief Secretary of the Supreme National Security Council Major General Mohsen Rezaei said on Tuesday that Washington’s inability to provide security guarantees has become evident, stressing that security in West Asia must be homegrown. In a post on X on Tuesday, Rezaei said the United States has not brought security to any country in the region and called for preventing foreign intervention. “Washington’s inability to provide security guarantees has become evident,” he wrote. “Security in West Asia must originate
from within the region itself, and any foreign intervention must be prevented." Persian Gulf states, Iran, Iraq should form security pact excluding US: Oman FM Omani Foreign Minister Badr Albusaidi on Monday called for the formation of a nonaggression security pact involving six Persian Gulf states plus Iran and Iraq, slamming US attempts to demonise the Islamic Republic as a threat, Press TV reported on Tuesday. Speaking at Girton College, Cambridge, Albusaidi said that for half a century Washington promoted a false image of Tehran as a threat to the Persian Gulf states, holding back West Asia's ability to solve its own problems. The Omani foreign minister stressed that the US would no longer be the region's primary security provider. “Issues such as the Strait of Hormuz have become impossible to resolve because external powers continue to define the terms of engagement, while regional powers are unable to take collective responsibility for making their own security arrangements and reach a consensus on them,” Albusaidi said. Iran has thus far refused to ease its restrictions on transit through the Strait of Hormuz, saying the waterway will be fully reopened once the US permanently ends its aggression and lifts its maritime blockade and sanctions against Iran, according to Press TV. Iranian authorities also indicated that Iran would not back down from its condi-
Turkish parliament committee approves Makkah Agreement on joint defence with Pakistan, Saudi Arabia ANKARA
AGENCIES
The Turkish parliament's Foreign Affairs Committee on Tuesday approved a bill to ratify the Makkah Joint Defence Agreement between Türkiye, Saudi Arabia and Pakistan. The bill was approved following deliberations during which Deputy Foreign Minister Levent Gumrukcu answered lawmakers' questions about the agreement. Speaking at the committee meeting, Gumrukcu said the agreement aimed to strengthen regional security through cooperation and collective defence. “The Makkah agreement is not only an extension of the special friendly relations between the three countries, but also a concrete product of the regional ownership increasingly needed in our region,” Gumrukcu said. He recalled that the agreement was signed in Makkah on August 7 by Turkish President Recep Tayyip Erdogan, Saudi Crown Prince and Prime Minister Mohammed bin Salman, and Prime Minister Shehbaz Sharif. He said Saudi Arabia and Pakistan had completed their domestic ratification procedures and submitted the required official notifications. Gumrukcu said the agreement
marked an initial step toward establishing a regional security framework based on cooperation and collective defence, adding that the three countries aimed to take responsibility for addressing regional challenges rather than waiting for solutions from outside the region. He said the framework was intended to contribute not only to the security of the three signatories but also to that of the wider region by strengthening dialogue and cooperation based on mutual trust and promoting lasting stability. Deal ‘envisions integration rather
than bloc-building in region’ Gumrukcu stressed that the agreement was entirely defensive in nature and did not target any country. He said it was open to all regional countries that respect international law, including the principles of state sovereignty and territorial integrity, the prohibition of the use of force except in self-defense, the peaceful settlement of disputes and non-interference in internal affairs. "The agreement envisions integration rather than bloc-building in the region, embracing an inclusive rather
than divisive vision," he added. DEFENCE COOPERATION AND NATO COMMITMENTS Gumrukcu said the agreement envisaged strengthening collective deterrence, holding regular consultations on international security issues, and improving interoperability between the countries' armed forces through personnel exchanges, joint training programs, and military exercises. It also provides for closer defence industry cooperation, including joint production and technology sharing, stronger joint counterterrorism efforts, and logistical support between the parties in implementing the agreement, he said. The deputy foreign minister emphasised that the agreement would neither replace nor undermine Türkiye's obligations under its existing alliances and agreements. He said the initiative was expected to complement Türkiye's participation in multilateral platforms, particularly NATO, by contributing to security and stability across the broader Middle East and supporting European security in light of the interconnected nature of the two regions. Foreign Affairs Committee Chairman Fuat Oktay also dismissed concerns that the pact could constitute an alternative to NATO.
India orders evacuations as Cyclone Arnab approaches eastern coast NEW DELHI
AGENICES
Indian authorities have ordered evacuations in vulnerable coastal areas as Cyclone Arnab approaches the country’s eastern shoreline, bringing the threat of strong winds, heavy rain and flooding. Emergency teams have been deployed across areas expected to be affected, while residents in low-lying and coastal communities are being moved to shelters.
Officials have also suspended some fishing activity and advised vessels to remain ashore as sea conditions worsen. Authorities are monitoring the cyclone’s path closely and have warned that rainfall could trigger flash floods, waterlogging and landslides in some areas. Schools and other public facilities in exposed districts have been closed or prepared for use as temporary shelters. Power, transport and communication services
could also face disruption if the storm intensifies before landfall. Disaster-response agencies have positioned rescue personnel, boats and emergency supplies in areas considered at greatest risk. Residents have been advised to follow official evacuation orders, avoid unnecessary travel and remain indoors during the most severe weather. Further warnings and restrictions are expected as Cyclone Arnab moves closer to the coast.
Houthis claim attacks on defence ministry building in Riyadh, Abha international airport SANA'A
AGENCIES
Yemen's Houthi group claimed on Tuesday that it had targeted four locations in Saudi Arabia with ballistic missiles and a drone, including a Defence Ministry building in Riyadh and military aircraft at two airports. The group also claimed to have "repelled an attempted advance" by Saudi-backed forces near the Bab al-Mandeb Strait. In a post on X, Houthi spokesman Yahya Saree claimed the group struck the Saudi Defence Ministry building in the capital, Riyadh, with a ballistic missile. In a separate post, Saree claimed the group also targeted Abha International Airport in southwestern Saudi Arabia with a drone. The group also fired two ballistic missiles at military transport aircraft, one at Najran Air-
port and the other at King Khalid Air Base in Khamis Mushait, Saree claimed. There was no immediate response from Saudi officials to the Houthi claims. Houthis have intensified attacks on Saudi territory since July, with missile and drone launches targeting civilian airports, oil facilities and military sites increasing during October. Saudi Arabia has led a military coalition supporting Yemen's government against the Houthis since March 2015 .The group, accused of receiving Iranian support, has controlled the Yemeni capital, Sanaa, and other parts of the country since September 2014. The spokesperson of the Saudi-led coalition Turki Al-Malki wrote on X on Tuesday that coalition air defences "intercepted and destroyed two ballistic missiles launched by the terrorist Houthi militia toward Riyadh".
Earlier, Yemen's Houthis said on Tuesday they have launched an attack on Saudi Arabia's Ras Tanura oil refinery, the biggest in the kingdom, which is located on the Gulf.
tions and would respond decisively to any act of aggression against it. “What holds us back is that issues which ought to be handled at a regional level by the states of the [Persian] Gulf themselves, are made more complex, more intractable and sometimes simply impossible to resolve because the region’s security arrangements are insufficiently developed,” Albusaidi said, "and they are insufficiently developed because they have relied for too long on the involvement of external powers." He noted that Iran “had been systematically excluded from playing any meaningful role in the security arrangements of the region" which had led to "profoundly negative consequences, not just for Iran, but for the region as a whole”, including the imposition of priorities on the region by external powers such as “the entirely false perception that there is a fundamental regional antagonism between Iran and the Arab states of the [Persian] Gulf.” According to the Omani foreign minister, the most “damaging” priority imposed on the Persian Gulf region from the outside has been to exclude Iran. “Not just excluded. Worse. Positioned as the threat against which regional security had to be organised,” Albusaidi stressed, speaking on the day high-level defence and intelligence officials from Turkey, Pakistan and Saudi Arabia gathered in Tehran in an attempt to prevent a renewed act of aggression by the US against Iran.
FPCCI Committee Holds Seminar on Artificial Intelligence KARACHI
STAFF REPORT
The FPCCI Central Standing Committee on Corporate Relations & Communications organized a seminar on "AI Business Facilitation for Corporate Business Growth" at Federation House, Karachi under the convenorship of Syed Turab Shah, aimed at highlighting the role of artificial intelligence in improving business efficiency, productivity and competitiveness. The seminar was designed and coordinated by Ms. Irum Fawad, Coordinator of the Committee and CEO of AI 0.3. The seminar was attended by people from different sectors who discussed the practical use of artificial intelligence in corporate operations, industrial development and economic growth. The speakers emphasized that entrepreneurs must understand emerging AI tools and incorporate them into their operations to remain competitive.MPA Dr. Fouzia Hameed attended as the Chief Guest. In the program, Hasaan Khan, Marketing Head of H & A E Store who specializes in AI advertising, automation and performance marketing, discussed opportunities for using AI to improve marketing processes and business performance. Salik Ahmed, a Computer Science graduate, AI content creator and founder of Salik Builds, shared his work on AI product development and his AI security startup Secure AI. His outstanding performance in the Youth Innovation Challenge and his selection as a finalist at NICAT was also appreciated.
Xi congratulates Lula on re-election as Brazilian president BEIJING
AGENCIES
Chinese President Xi Jinping on Tuesday extended congratulations to Luiz Inacio Lula da Silva on his re-election as president of Brazil. In his congratulatory message, Xi said that President Lula has made important contributions to advancing China-Brazil relations. Xi said he and Lula have, in recent years, maintained close communication through various means and jointly guided the building of the China-Brazil community with a shared future for a more just world and a more sustainable planet to new progress. The global, strategic and long-term significance of the bilateral relationship has become increasingly prominent, making it a model of solidarity and cooperation among Global South countries, he said. Xi said that he attaches great importance to the development of China-Brazil relations and stands ready to work with President Lula to guide the building of a China-Brazil community with a shared future to new heights, open up broader prospects for all-round strategic coordination between the two countries, and continuously enhance the well-being of the two peoples. Also on Tuesday, Chinese Vice President Han Zheng sent a congratulatory message to Geraldo Alckmin on his re-election as Brazil's vice president.
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Wednesday, 28 October, 2026 | ISLAMABAD
CORPORATE CORNER
MARyAM vOwS MERIT-BASED PUBlIC wElfARE SChEMES wIThOUT ‘POlITICAl fAvOURITISM’ g
PUNJAB CM ANNOUNCES STATE-OF-THE-ART TEACHING HOSPITAL IN RASUL, MEDICAL COLLEGE ADMISSIONS FROM JAN 2027 LAHORE SALEEM JADOON
A PAA delegation led by Chairman Emeritus Mr. Ahmed Kapadia called on Ms. Raisa Adil, Principal Information Officer (PIO), Press Information Department, Islamabad. Also present were Mr. Jawad Humayun, Senior Vice Chairman PAA, and Mr. Waqar H. Haidri, Chairman Zone B, PAA.L to R: Waqar H. Haidri, Ahmed Kapadia, Raisa Adil, Jawad Humayun
IGP Islamabad Reviews AI-Powered Policing at 4C Centre; Rewards Traffic Police Officers ISLAMABAD
STAFF REPORT
According to the details, Inspector General of Police (IGP) Islamabad Captain (Retd.) Muhammad Sohail Chaudhry visited the modern Command, Control, Communication and Coordination Centre (4C), where he was briefed on the advanced monitoring system, field force monitoring, emergency response mechanisms and the use of Artificial Intelligence (AI) technology. The IGP directed officials to further improve the monitoring system and enhance the effectiveness of field operations. Furthermore, IGP Islamabad awarded commendation certificates to Chief Traffic Officer (CTO) Islamabad Kainat Azhar Khan and traffic police officers in recognition of their excellent professional performance. He appreciated their hard work, dedication and services, directing them to continue working with greater commitment and responsibility to provide better traffic facilities to citizens and ensure smooth traffic flow.
IPAK Group reports PKR 11.13b quarterly revenue; profitability remains stable KARACHI
STAFF REPORT
The Board of Directors of International Packaging Films Limited (IPAK) met in Karachi to review the financial results for the first quarter ended September 30, 2026. The Group reported consolidated revenue of PKR 11.13 billion, an increase of 9.2% over the corresponding period last year. Consolidated profit after tax stood at PKR 705 million, compared with PKR 704 million, while earnings per share were PKR 1.08 against PKR 1.01. The Group maintained profitability amid a more challenging margin environment. Gross profit stood at PKR 1.62 billion, compared with PKR 1.75 billion in the corresponding quarter. Finance costs declined by 16 %, helping cushion the impact of margin pressure. Following the substantial capacity ramp-up that supported FY2026 growth, the Group’s focus is increasingly on optimizing its expanded manufacturing platform, improving product mix and strengthening its market presence. Quarterly margins also reflect the normalization of trading conditions following the exceptional benefits witnessed during the last two quarters preceding financial year. Group export sales almost doubled to PKR 3,515 million, equivalent to approximately USD 12.68 million, compared with PKR 2,442 million in the corresponding quarter, reflecting continued progress in international markets.
foodpanda showcases dark kitchen infrastructure LAHORE
STAFF REPORT
foodpanda, Pakistan’s leading food delivery and quick-commerce platform, hosted a delegation of journalists and media representatives for an exclusive tour of its cloud kitchen (dark kitchen) infrastructure. The media briefing aimed to demonstrate the operational framework of dark kitchens, demonstrating how delivery-only facilities are expanding culinary access, lowering entry barriers for food entrepreneurs, and supporting local business growth across Pakistan. During the tour, journalists observed the end-to-end operational journey, from order receiving and real time inventory tracking to food preparation, packaging, and rider dispatch. Members of the media were given full access to inspect food safety standards, hygienic kitchen layouts, temperature control systems, and rider pickup management protocols designed to ensure fast, efficient, and consistent food delivery. Moeen Qureshi, Head of Kitchen, foodpanda Pakistan commented, "Cloud kitchens represent an important pillar in the evolution of Pakistan’s urban food landscape. By hosting our media partners for an open, transparent look at our kitchen operations, we hope to highlight how digital infrastructure empowers small food businesses, creates sustainable livelihoods for local chefs, and ensures reliable food access for consumers. Our focus remains on combining culinary innovation with operational excellence to support an inclusive food ecosystem across the country." Cloud kitchens operating on the foodpanda ecosystem act as plug-and-play culinary hubs, enabling established restaurant brands, unique food concepts, and home chefs to expand their footprint into new neighbourhoods without the high capital required for traditional physical dining spaces.
Punjab Chief Minister Maryam Nawaz on Tuesday announced the establishment of a state-of-the-art teaching hospital in Rasul and said admissions to Rasul Medical College would begin in January 2027, reaffirming her government's commitment to equal educational opportunities and declaring that merit, rather than political influence or personal recommendations, would determine access to public schemes. Addressing a laptop and Honhaar Scholarship distribution ceremony at the University of Rasul, she congratulated the students who received laptops and scholarships and paid tribute to their parents for the sacrifices they had made to support their children's education. At her request, participants stood to acknowledge the contribution of parents, whom she said often set aside their own
aspirations to fulfil their children's needs. The chief minister said the Punjab government was committed to providing equal opportunities to students, stressing that merit, rather than political influence or personal recommendations, would be the sole criterion for access to government schemes. “Every child is a living, breathing Pakistan. The government and the state stand with you,” she said, urging young people to remain loyal to the country and never allow the national flag to be lowered. The group also fired two ballistic missiles at military transport aircraft, one at Najran Airport and the other at King Khalid Air Base in Khamis Mushait, Saree claimed. There was no immediate response from Saudi officials to the Houthi claims. Houthis have intensified attacks on Saudi territory since July, with missile and drone launches targeting civilian airports, oil facilities and military sites increasing during October.
Ms Maryam said the government had invested billions of rupees in the University of Rasul, where new departments of social sciences, life sciences and business management had been established to enable students to pursue higher education closer to home. She said the university had only 149 students enrolled when she took the oath of office, while its enrolment had now risen to around 3,000. BLACK BIKES FOR BOYS, PINK ONES FOR GIRLS The chief minister also announced that the distribution of electric bikes
would begin on Nov 5, with black bikes for boys and pink ones for girls, to facilitate students' mobility and reduce their dependence on others for transportation. She said the government's laptop and scholarship programmes were being implemented strictly on merit, adding that no one could establish that personal recommendations had influenced the selection of beneficiaries. Citing the Apni Chhat, Apna Ghar programme, Ms Maryam said the government was working to build 250,000 houses without favouritism.
Pakistan Railways approves 829 jobs under Balochistan quota LAHORE STAFF REPORT
Pakistan Railways has approved recruitment against 829 vacant posts from Grade 1 to 16 under the Balochistan quota in line with the federal government’s policy, providing employment opportunities to eligible candidates from the province. Of the total vacancies, 805 posts have been allocated to the Quetta Division of Pakistan Railways, while the remaining 24 have been earmarked for the Railways Headquarters, said a spokesperson for Pakistan Railways in a statement on Tuesday. He said the recruitment drive will also accommodate a 10 per cent quota for women and a five per cent quota for minorities, ensuring representation for these groups in the process. Under the special recruitment initiative, candidates have been exempted from written and screening tests. Applications have been invited online through the National Job Portal, with November 11, 2026, set as the last date for submission, the statement said. Applicants have been directed to submit the necessary supporting documents, including educational certificates, national identity cards, domicile certificates, character certificates and passport-size photographs, to establish their eligibility for the advertised positions. Federal Minister for Railways Muhammad Hanif Abbasi has directed the relevant authorities to complete the recruitment process under the Balochistan quota before November 30, 2026. He has also em-
CIS and NERA Sign MoU to Explore Collaboration in Advanced Technology Solutions ISLAMABAD
STAFF REPORT
phasised the need to ensure merit and transparency at every stage of the exercise, the statement said. The recruitment initiative is being undertaken in accordance with the federal government’s policy of providing employment opportunities to eligible candidates from Balochistan. The allocation of the majority of the vacancies to the Quetta Division is expected to provide applicants from the province with access to a substantial number of positions within the railway system. Pakistan Railways has reiterated its commitment to completing the recruitment exercise within the stipulated timeframe while maintaining transparency and adhering to the prescribed procedures. The initiative forms part of the department’s efforts to facilitate eligible candidates from Balochistan through recruitment under the provincial quota, while ensuring that the designated positions are filled within the deadline set by the federal minister.
Minister reviews new business plan, digitalization of Pakistan Post ISLAMABAD
STAFF REPORT
A high-level meeting of Pakistan Post, chaired by Federal Minister for Communications Abdul Aleem Khan, reviewed the institution’s fundamental challenges, financial losses, administrative difficulties and various aspects of departmental reforms, including digitalization. Federal Minister emphasized the need for a viable strategy to modernize Pakistan Post in line with contemporary requirements, restore its financial stability and transform it into a profitable institution. Federal Minister Abdul Aleem Khan said that digitalizing the postal system was an urgent necessity. However, the continued delay in this process over the past 10 years was a matter of great concern. He questioned why and where the arrangements with EXIM Bank for digitalization had stalled and what had caused such a prolonged delay in this important initiative. Federal Minister for Communications Abdul Aleem
COMSATS Internet Services (CIS) and NERA Telecommunications (Pakistan) (Pvt.) Ltd. signed a Memorandum of Understanding (MoU) on 23 October 2026 to explore opportunities for cooperation in advanced technology solutions, including cybersecurity, the Internet of Things (IoT), Artificial Intelligence (AI), and embedded technologies. The MoU was signed on 23 October 2026 and was formalized at the NERA Country Office in Islamabad, by Mr. Nasir Jamal Khan, Chief Operating Officer, CIS, and Mr. Ziaad Aslam Khan, Country Head, NERA, witnessed by senior officials from CIS and NERA. Headquartered in Singapore and listed on the SGX Mainboard since 1999, NERA has a diversified geographical presence across Asia-Pacific, Europe, the Middle East and Africa. As a technology integrator, NERA has a proven track record in delivering comprehensive, turnkey solutions that enhance operational efficiency. CIS specializes in internet infrastructure, data centres and information technology products and services, including Virtual Private Servers (VPS), domain registration, website hosting, server colocation and rack space services, alongside internet research and development activities aimed at enhancing the internet user experience.
ABAD Chairman urges SBP to reverse rate hike, cut interest rates KARACHI
STAFF REPORT
Khan further stated that 86 major post offices across the country could have been digitized in the first phase. However, the failure to take timely action had deprived the institution of modern facilities, leaving it unable to compete effectively with other logistics providers. Abdul Aleem Khan cautioned that the entire institution would bear the consequences of any negligence on the part of its officers. He stressed that an effective, comprehensive and viable business plan must be developed immediately to safeguard the future of Pakistan Post’s 22,000 employees. He said that, in the current competitive environment, Pakistan
Post must move beyond traditional practices and adopt modern technology, improved administrative systems and an effective business strategy to grow. Federal Minister for communications Abdul Aleem Khan said that comprehensive reforms were essential to transform Pakistan Post into a profitable and self-sustaining institution. He warned that failure to take timely and effective measures could further jeopardize the institution’s future. He directed the relevant officials to prepare a concrete business plan, taking into account Pakistan Post’s operational capacity, available resources and market requirements.
Officers of 40th senior management course visit NAB headquarters for field research ISLAMABAD
STAFF REPORT
A delegation comprising 17 participating of 40th Senior Management Course at the National Institute of Public Administration (NIPA), Islamabad, visited the Headquarters of the National Accountability Bureau (NAB) as part of their field research and professional learning programme. The delegation comprised diverse occupational groups and was headed by DS Training and Coordination Ms. Shahana Batool. The Chairman NAB, Lt Gen (R) Nazir, senior officers, welcomed the participants at the Bureau. During the visit, Mr. Amjad Majeed Aulakh, Director General (Operations), NAB, briefed the participants on the Bureau’s inception, statutory mandate, operational framework, and major achievements. He highlighted NAB’s significant recoveries, including Rs. 9.18 trillion during the third quarter of 2026 and
cumulative recoveries of Rs. 26.1 trillion from March 2023 to September 2026. He also outlined the recovery of valuable state assets, including Pakistan Railways and provincial departmental lands, and the disbursement of Rs. 908.42 million to 4,280 affectees during the third quarter of 2026. The DG Operations further highlighted institutional reforms like restructured complaint processing system, the introduction of NAB EYE, an AI-powered initiative to expedite investigative processes and minimize human error, and capacity-building measures through the Pakistan Anti-Corruption Academy (PACA).
OAssociation of Builders and Developers (ABAD) Chairman Muhammad Hanif Gohar has expressed concern over the State Bank of Pakistan’s decision to further increase the policy rate by 0.5 percentage points, saying that raising the interest rate to 12% would create additional difficulties for the construction industry. He called for the increase to be reversed and interest rates to be reduced significantly to improve the economy. He warned that the increase in the policy rate would affect not only the construction sector but also the national economy and employment opportunities. Muhammad Hanif Gohar said the increase in the policy rate could raise the cost of construction projects, as higher interest rates make financing more expensive.
yasin Joyia honoured for humanitarian Services and Philanthropic Contributions LAHORE
STAFF REPORT
Award of Recoginition for Humanitarian Aid for President Eye Donation Welfare Society & Honorary Consul General of Sri Lanka in Lahore, Mr. Yasin Joyia, a renowned philantropist Mr. Yasin Joyia, a renowned philanthropist who serves as President of the Eye Donation Welfare Society and Honorary Consul General of Sri Lanka in Lahore, has been honoured with an Award of Recognition for Humanitarian Aid by Belgium Parliamentarian Mr. Fouad Ahidar. The recognition highlights Mr. Joyia’s longstanding humanitarian and publiservice efforts, including facilitating more than 2,000 corneal transplants in Pakistan (free of cost), helping the secure release of 56 Pakistani prisoners from Sri Lanka, and contributing to efforts to address the killing of a Sri Lankan citizen in Sialkot in 2021.
PAKISTAN REITERATES SUPPORT FOR KASHMIRIS, CALLS FOR PEACEFUL RESOLUTION ON BLACK DAY
Wednesday, 28 October, 2026
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ISLAMABAD
Staff RepoRt
RESIDENT Asif Ali Zardari and Prime Minister Shehbaz Sharif on Tuesday reaffirmed Pakistan's stance on the Kashmir dispute, calling for a peaceful resolution in line with UN Security Council resolutions and urging the international community to address human rights concerns in Indian Illegally Occupied Jammu and Kashmir (IIOJK). Kashmiris on both sides of the Line of Control (LoC) and across the world are observing Black Day to mark the 79th anniversary of the arrival of Indian troops in Srinagar in 1947 and renew their demand for the right to self-determination. In his message, President Zardari called upon the international community, particularly the UN and international human rights organisations, to take due cognisance of the human rights situation in the IIOJK, support efforts for the protection of the fundamental rights of
ATC reserves verdict in Imaan Mazari, Hadi Chattha security breach case ISLAMABAD
Staff RepoRt
The trial of human rights lawyer Imaan Zainab Mazari-Hazir and her husband, Hadi Ali Chattha, in a security breach case concluded at Adiala Jail on Tuesday, with the anti-terrorism court (ATC) reserving its verdict for October 29. Both accused recorded their statements under Section 342 of the Code of Criminal Procedure, while the state counsel also completed final arguments during the proceedings. The couple is facing trial in a 2024 case relating to the alleged disruption of an international cricket team’s security route and incitement to public unrest. They are accused of removing barriers along the route and were indicted on October 7. After the conclusion of the proceedings, the court reserved its verdict and announced that it would be pronounced on October 29. A day earlier, the couple approached the Supreme Court to challenge the Islamabad High Court’s October 19 order refusing to stay the trial. The IHC had heard their appeals against an October 10 ATC order dismissing petitions challenging the framing of charges and the inclusion of terrorism-related provisions in the case.
Hammad Azhar sent to jail on 14-day judicial remand in May 9 case LAHORE
Staff RepoRt
An anti-terrorism court in Lahore on Tuesday sent PTI leader and former federal minister Hammad Azhar to jail on a 14-day judicial remand in a case linked to the May 9, 2023 riots. Azhar was produced before the court after completing his latest period of physical remand, taking the total time he has spent in police custody to 50 days. The court had previously extended his physical remand by 12 days on October 15. Azhar was arrested in Multan before being handed over to Lahore police, with authorities saying he was wanted in multiple cases connected to the May 9 unrest. Police had also declared him a proclaimed offender in cases arising from the violence. The PTI leader served as a federal minister during the party’s government and later headed its Punjab chapter before stepping down from the position in August 2024.
the Kashmiri people and contribute meaningfully towards a just, peaceful and lasting resolution of the Jammu and Kashmir dispute. He reiterated that Pakistan would continue to extend its unwavering moral, diplomatic and political support to the people of IIOJK. “We will continue to raise their voice at every appropriate international forum and to advocate the realisation of their legitimate aspirations,” the president said in a message. The president said Jammu and Kashmir Black Day is, therefore, not merely a day of remembrance. It is also an occasion to reaffirm their commitment to a peaceful and just resolution of the Jammu and Kashmir dispute. Lasting peace, stability and prosperity in South Asia remain closely linked to the resolution of this longstanding dispute, in accordance with the relevant United Nations Security Council resolutions and the aspirations of the Kashmiri people, he emphasised. The president said they paid tribute to the countless sacrifices of the Kashmiri people and reaffirmed their solidarity with the
Kashmiri brothers and sisters, adding Pakistan stands with them in the pursuit of justice, peace, dignity and the realisation of the legitimate right to self-determination. “The day is not far off when the people of Jammu and Kashmir will be able to determine their own future in accordance with their aspirations and the Jammu and Kash-
ISLAMABAD
The Islamabad High Court (IHC) on Tuesday issued notices to the National Accountability Bureau (NAB) and other respondents on an intra-court appeal challenging an increase in the maximum period of physical remand of accused persons from 14 to 40 days under a NAB ordinance. The court also issued a notice to the Attorney General for Pakistan (AGP), seeking his assistance in the matter. A division bench comprising Justice Muhammad Azam Khan and Justice Muhammad Asif heard the appeal against a single bench decision. Advocate Muhammad Azhar Siddique appeared on behalf of the appellant, Najeebullah. The single bench had disposed of the petition
ISLAMABAD
The Election Commission of Pakistan (ECP) on Tuesday reserved its verdict on the proposed postponement of local government elections in 12 districts of Khyber Pakhtunkhwa, with Chief Election Commissioner Sikandar Sultan Raja observing that political governments, rather than the commission, were reluctant to hold local polls. The verdict will be announced on Wednesday. A bench headed by the chief
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recognition of the longstanding aspirations of the Kashmiri people and the continued pursuit of the fundamental and inalienable right to self-determination, he added. The president observed that for the past eight decades, the people of IIOJK had endured profound sufferings, marked by violence, repression and serious violations of fundamental rights. Generations of Kashmiris have made immense sacrifices in their pursuit of justice, dignity and freedom. Their resilience and determination in the face of adversity remained a testament to the enduring strength of their cause, he added. President Zardari further said that since 27 October 1947, the people of IIOJK had endured decades of conflict, restrictions and denial of their fundamental rights. The continuing restrictions on fundamental freedoms, heightened militarisation, arrests and reports of human rights violations remain a matter of serious concern and underscore the need for sustained international attention.
Madushanka masterclass sinks Pakistan as Sri Lanka storm into Tri-Series final LAHORE
Saleem Jadoon
Sensational Sri Lanka booked their ticket to the tri-nation ODI series final with a resounding eight-wicket victory over Pakistan at the Gaddafi Stadium on Tuesday. Spearheaded by a career-best spell from left-arm seamer Dilshan Madushanka, Sri Lanka dismantled the hosts for a paltry 110 in 25.3 overs before chasing down the target in just 18.1 overs under the newly illuminated floodlights. The comprehensive win not only snapped Sri Lanka’s five-game losing streak against Pakistan but also mathematically eliminated England from the tournament, rendering Thursday's final round-robin fixture a dead rubber. Winning the toss and opting to field under the strategic eye of captain Kusal
Mendis, Sri Lanka immediately applied pressure on a placid yet lively Lahore pitch. Madushanka seized the moment, clocking speeds in the mid-130s while extracting menacing bounce that troubled Pakistan's top and middle order throughout his spell. Finishing with figures of 5 for 34 in his allotted overs, his second ODI five-wicket haul, and first since the 2023 World Cup, Madushanka struck early when a sharp, rising delivery forced opener Fakhar Zaman into a miscued fend to point. Pakistan’s batting lineup never truly recovered. Former captain Babar Azam tried to anchor the innings, top-scoring with 29 off 33 balls, while Hasan Nawaz contributed 17 and skipper Shaheen Shah Afridi added 15 late in the piece. However, a procession of soft dismissals plagued the hosts, with only four batters managing to
reach double figures. Sahan Arachchige capitalized on the collapse with two crucial wickets, while Asitha Fernando, Eshan Malinga, and Dunith Wellalage chipped in with a wicket apiece to bundle Pakistan out for 110, their second-lowest total on home soil and their third-lowest against Sri Lanka overall. Chasing a modest 111, Sri Lanka encountered minimal resistance despite a couple of unusual breakthroughs. Avishka Fernando fell for 16, while Kusal Mendis suffered a stroke of misfortune when a back-foot defense bounced off the back of his bat and trickled back onto the stumps off Arafat Minhas. Any hopes of a miraculous Pakistan comeback were swiftly extinguished by Kamindu Mendis. Unbeaten on 62 off 60 deliveries, Mendis anchored the chase with elegance and composure. Accompa-
Pakistan calls for abolition or strict restriction of UNSC veto power NEW YORK
Staff RepoRt
Pakistan has called for the abolition or strict restriction of the United Nations Security Council’s (UNSC) veto power, warning that its misuse has contributed to institutional paralysis and weakened the UN’s credibility. Speaking at a United Nations General Assembly (UNGA) session in New York on Monday, Gul Qaiser Sarwani, Counsellor and Political Coordinator at Pakistan’s UN Mission, said the veto gives the five permanent members — the United States, Russia, China, France and the United Kingdom — disproportionate influence across the UN system. Sarwani argued that expanding the number of permanent members or extending veto privileges to additional countries would deepen existing inequalities, reinforce historical advantages and create new centres of power, further undermining the Council’s effectiveness. He reaffirmed Pakistan’s opposition to granting permanent membership to additional countries, including those campaigning for seats through
the G4 grouping: India, Brazil, Germany and Japan. Pakistan, alongside Italy, leads the Uniting for Consensus (UfC) group, which opposes adding new permanent members to an expanded Security Council. “The veto should be abolished or at least severely restricted; it must not be expanded,” Sarwani said, stressing the need for a more representative, democratic and accountable Council. Pakistan also expressed support for UN General Assembly Resolution 76/262, adopted in April 2022. The resolution requires the General Assembly to convene within 10 working days whenever a veto is cast in the Security Council, allowing member states to discuss the decision. Sarwani maintained that any efforts to limit the veto must remain consistent with the provisions of the UN Charter. He suggested that the Council’s elected membership could be strengthened through broader representation and changes to decision-making thresholds, helping create a more effective check on the veto power. Opening the meeting, UN General
Assembly President Khalilur Rahman of Bangladesh described the veto initiative as an established mechanism for promoting transparency, accountability and collective responsibility within the United Nations. Rahman noted that 21 meetings had been held under the initiative, praising the Security Council for submitting special reports to the General Assembly and participating in the resulting debates. He stressed that the effectiveness of the Security Council has direct consequences for people affected by armed conflict, insecurity and humanitarian crises. When the Council fails to take decisive action, he said, the heaviest burden falls on those already suffering from violence and instability. Rahman called for greater consensus within the Council and urged member states to ensure that debates over the veto remained constructive rather than repetitive. He emphasised that the use of a veto should not end diplomatic engagement and that the principles of the UN Charter must continue to guide international efforts to achieve peace.
as having become infructuous after the ordinance was not ratified by Parliament. During the hearing, the appellant’s counsel argued that the NAB ordinance had been introduced specifically for a particular individual, the founder of Pakistan Tehreek-e-Insaf (PTI). He submitted that the ordinance had extended the maximum period of physical remand of an accused person from 14 to 40 days. The counsel maintained that the expiry of the ordinance did not settle the legal question regarding the validity of actions taken under its provisions, arguing that the matter still required judicial consideration. After issuing notices to the respondents and seeking the AGP’s assistance, the court adjourned further proceedings until the third week of November.
IHC ORDERS RECOVERY OF MISSING GIRL WITHIN TWO WEEKS Meanwhile, the Islamabad High Court on Tuesday directed police to recover a girl who has been missing for nine months and produce her before the court within two weeks. Justice Khadim Hussain Soomro issued the direction while hearing a petition filed by the girl’s father, Abid Hussain, who sought her recovery. During the hearing, the petitioner’s counsel informed the court that no significant progress had been made in the case despite the passage of several months. He said a Joint Investigation Team (JIT) had been constituted after the family lost confidence in the police, but the girl had yet to be recovered. The counsel further informed the court that the geofencing report
was still awaited. The police counsel told the court that the JIT had held its latest meeting on October 20 and that police were conducting operations in coordination with various agencies. He said the investigation was making positive progress, but some details could not be disclosed at this stage because of their confidential nature. Justice Soomro observed that the investigating officer would not be transferred until the investigation was completed. When the court asked when the girl would be produced, Investigation Officer Inspector Fawad assured it that police would make every effort to recover her before the next hearing. The court granted the authorities a further two weeks to recover the girl and adjourned the hearing.
election commissioner heard the provincial government’s request to defer the elections, citing law and order concerns and the imposition of emergency in parts of the province. Khyber Pakhtunkhwa Adviser on Law Amir Javed informed the bench that an emergency had been imposed in various districts on October 11, while troops had also been deployed in certain areas under Article 245 of the Constitution. He argued that holding local government elections in the 12 districts was not possible under the prevailing circumstances. Refer-
ring to the imposition of governor’s rule and the absence of provincial ministers, he said the government needed additional time to address the situation in accordance with ground realities. The adviser also sought more time to consult the attorney general and the governor on the matter. The chief election commissioner questioned whether these were the only grounds for postponing the polls, asking why elections could not be held when the delimitation process had already been completed in
16 districts. He observed that the public believed the ECP was unwilling to conduct local government elections, whereas, in reality, political governments were reluctant to hold them. “The truth should come before the public,” he remarked, adding that the commission would issue an order on the matter. Raja further observed that conducting local government elections despite the imposition of governor’s rule or an emergency would be an achievement for the provincial administrative setup.
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nied by Pavan Rathnayake (23 not out), Mendis steered Sri Lanka across the finish line comfortably at 111 for 2 in 18.1 overs. Despite the heavy defeat, Pakistan had already secured their berth in Sunday's final on the back of three earlier groupstage victories. However, Tuesday's comprehensive rout serves as a stark warning for the home side. With England officially out of the running following this result, Thursday's match between Sri Lanka and England will serve as a preparatory clash before the two familiar finalists lock horns once again this weekend.
Shafqat Abbas appointed as DG Internal Publicity Wing ISLAMABAD
Staff RepoRt
The government has appointed Shafqat Abbas as the Director General of the Internal Publicity Wing, Ministry of Information and Broadcasting (MoIB). The appointment has been made with immediate effect, said an official notification. Shafqat Abbas, a BS-20 officer of the Information Group, was previously stationed in Lahore, where he served as the Director General (PR) at the Regional Information Office under the Press Information Department.
NA passes resolution expressing solidarity with Kashmiri people ISLAMABAD
Staff RepoRt
The National Assembly Tuesday passed a resolution expressing solidarity with the Kashmiri people on October 27, observed as Black Day. The resolution was presented by Federal Minister for Kashmir Affairs Amir Muqam and Kashmir Committee Chairman Qasim Noon. The NA session was held under the chair of Deputy Speaker Syed Ghulam Mustafa Shah. MQM-Pakistan member Syed Amin ul Haq moved a calling attention notice on the severe load shedding in Karachi, saying K-Electric is among the companies viewed with hatred by the public and is operating like a mafia. Aminul Haq said K-Electric is earning billions of rupees through overbilling. "After earning so much, what has it done for Karachi's generation?" he asked. He said load shedding is carried out even at night and questioned what K-Electric is doing for Karachi. Responding to the calling attention notice, Parliamentary Secretary Amir Talal Khan said the load shedding has to be carried out out of compulsion. He said it sometimes increases because of repair work, and that under NEPRA rules there should be no load shedding at night. "If anything of this sort is happening, we will certainly look into it," he said, adding that there is no load shedding on industrial feeders. Speaking separately, Federal Minister for Kashmir Affairs and GilgitBaltistan Amir Muqam said India has been oppressing the Kashmiri people for nearly 80 years, and thousands have been martyred so far.
ECP rebukes political govts over 'reluctance' to hold KP LG polls Staff RepoRt
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mir dispute will move towards a just and peaceful resolution,” he added. On Jammu and Kashmir Black Day, the president said they solemnly remembered 27 October 1947, when Indian forces landed in Srinagar, marking the beginning of a prolonged and tragic chapter in the history of Jammu and Kashmir. This day reaffirmed their
IHC seeks AGP’s help on 40-day NAB remand, issues notices to respondents Staff RepoRt
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During the proceedings, the ECP secretary maintained that elections could be held even during emergencies and wars, citing international examples in support of his argument. ECP officials also informed the bench that there was no legal bar on holding local government elections during an emergency, adding that law and order concerns constituted a separate issue. After hearing arguments from the provincial government and the commission’s officials, the ECP reserved its verdict, which is scheduled to be announced on Wednesday.