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    Pakistan exports rise 13.1% to $3.94 billion in Ju…

    ISLAMABAD: Pakistan’s exports of goods and services rose by 13.1 percent year-on-year to $3.94 billion in July 2026, providing an encouraging start to the new fiscal year and signalling continued improvement in the country’s external sector. Federal Minister for Planning, Development and Special Initiatives Ahsan Iqbal shared the figures on Saturday while presenting the Monthly Development Update for August 2026. He said exports stood at $3.48 billion in July 2025, meaning the latest increase reflects stronger performance across several major export categories. According to the minister, merchandise exports increased by 9.4 percent to around $3 billion in July 2026 from $2.8 billion a year earlier. When services exports are included, the combined figure reached approximately $3.9 billion, compared with $3.5 billion in July last year. Key export sectors show growth Ahsan Iqbal said the improvement in exports was supported by higher shipments across several important sectors. Surgical goods recorded the strongest growth among the highlighted export groups, increasing by 16.3 percent. Food exports rose by 8 percent, while leather goods registered growth of 7.8 percent. Textile exports, one of Pakistan’s largest sources of foreign exchange, also increased by 3.9 percent during the month. The minister said the figures indicated that Pakistan’s external sector had started the new fiscal year on a positive trajectory, although maintaining this momentum would require continued reforms, improved competitiveness and greater diversification of export products and markets. Manufacturing sector stages strong recovery The positive external-sector performance coincided with a broad-based recovery in domestic industrial activity. According to Ahsan, Large-Scale Manufacturing (LSM) expanded by 5 percent during fiscal year 2025-26, reversing a 0.74 percent contraction recorded in the preceding fiscal year. He said the recovery was spread across the industrial sector, with 16 of the 22 LSM sectors registering positive growth. The automobile sector posted the highest increase at 57.8 percent, followed by transport equipment at 42.4 percent. Electrical equipment production grew by 14.3 percent, tobacco by 12.6 percent and food manufacturing by 7 percent. The figures, he said, reflected an improvement in industrial activity and could provide support to investment, employment and overall economic growth if the recovery remains sustained. FBR collection, remittances improve The government also reported improvement in tax revenues at the beginning of FY2026-27. Federal Board of Revenue tax collection increased by 8.4 percent to Rs820.9 billion in July 2026, according to the minister. He said stronger revenue mobilisation, together with fiscal discipline, was helping improve the country’s overall financial position. Workers’ remittances also remained a major source of support for Pakistan’s external account. Remittance inflows reached $3.63 billion in July 2026, up 13 percent from approximately $3.2 billion in the same month of 2025. Ahsan said the latest increase followed record remittances of $41.6 billion received during the previous fiscal year. He noted that remittances not only strengthened Pakistan’s foreign exchange position but also provided direct financial support to millions of households across the country. Current account deficit remains contained Despite continued pressure on the external account, the current account deficit remained relatively contained. The deficit stood at $328 million in July 2026, compared with $529 million during the same month of the previous year. The minister described the development as another indication of improved external-sector stability. He also highlighted the growing contribution of Pakistan’s technology sector. Information and Communication Technology exports reached $417 million in July 2026, underlining the increasing role of digital services in generating foreign exchange. The government has been seeking to expand technology exports as part of a broader strategy to diversify Pakistan’s sources of external earnings beyond traditional sectors such as textiles and agricultural products. Inflation moderates Ahsan Iqbal also pointed to a moderation in consumer price pressures at the start of the new fiscal year. Consumer Price Index inflation eased to 9.2 percent in July 2026, compared with 11.7 percent in May 2026. The minister said the decline suggested that inflationary pressures were beginning to moderate. He added that changes in the year-on-year inflation rate were also influenced by base effects as well as the impact of international food and energy prices. The government is aiming to maintain price stability while supporting economic activity and protecting the purchasing power of households. Fiscal position strengthens The planning minister said Pakistan’s fiscal position had also improved significantly during FY2025-26. The fiscal deficit narrowed to 2.6 percent of GDP from 5.4 percent in FY2024-25. According to Ahsan, this represented the lowest fiscal deficit recorded in two decades. He said stronger fiscal management would remain essential during FY2026-27 as the government seeks to maintain macroeconomic stability while creating room for development spending and economic expansion. Development spending and job creation Public investment is another major component of the government’s economic strategy. Projects approved during July 2026 are expected to create around 7,851 direct jobs and 14,053 indirect employment opportunities across different sectors. The minister said employment generation would remain an important objective of development planning, particularly as the country seeks to create greater opportunities for its young population. He said Pakistan had undergone a difficult period of economic adjustment and that the stability achieved in recent years had required significant effort. Under the government’s URAAN Pakistan initiative, the next phase would focus on converting macroeconomic stability into long-term economic transformation, with exports positioned as a key driver of growth. According to Ahsan, higher exports could help generate employment, increase household incomes, expand opportunities for young people and improve living standards. Rs211.3 billion authorised for development projects The Ministry of Planning authorised Rs211.327 billion, equivalent to 21.1 percent of the relevant allocation, during July 2026 to facilitate timely financing for priority development projects. The minister said the move was aimed at ensuring that strategically important schemes received funding without unnecessary delays. During July, the Central Development Working Party (CDWP) also reviewed a number of development proposals. It approved nine projects, three position papers and one concept clearance proposal, while nine projects were recommended for consideration by the Executive Committee of the National Economic Council (ECNEC). Three projects were deferred, while

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    Punjab CTD arrests 18 suspected militants in provi…

    LAHORE: Punjab’s Counter Terrorism Department (CTD) has arrested 18 suspected militants affiliated with various banned organisations during intelligence-based operations across several districts of the province, officials said on Friday. According to the CTD spokesperson, the operations were carried out as part of efforts to prevent possible terrorist activities and maintain law and order across Punjab. A total of 117 intelligence-based operations were conducted, during which 117 individuals were questioned and 18 suspects were taken into custody. The arrested suspects were identified as Hassan Abbas Shah, Muhammad Hanif, Samiullah alias Talib Jan, Muhammad Hasnain, Hafiz Muhammad Abdul Latif, Attaullah, Faizullah, Muhammad Shehzad alias Pama, Muhammad Bilal, Muhammad Anas, Tahir, Waqar Ahmed, Muhammad Ahsan, Muhammad Farman, Muhammad Nauman, Umar Farooq, Abdul Wahab and Shaukat Ali. The suspects were reportedly arrested in Faisalabad, Sialkot, Sargodha, Sahiwal, Hafizabad, Gujranwala, Bhakkar, Lahore and Multan. The CTD said its teams recovered 3.185 kilograms of explosive material, eight detonators, safety fuses, primer cord, four pistols with 21 rounds, along with banned books, prohibited magazines, pamphlets and stickers. Seven mobile phones and Rs42,740 in cash were also seized. Officials said the suspects were allegedly involved in activities aimed at creating fear among the public and disrupting peace and security. Legal proceedings have been initiated against them, while further investigation is underway to determine their alleged links and activities. The spokesperson added that, during the past two weeks, the CTD, local police and other law-enforcement agencies conducted 3,357 combing operations across Punjab. More than 121,000 people were checked during these operations, resulting in 274 arrests, 263 cases being registered and 244 recoveries of various kinds. The CTD said its operations against militants and other elements considered a threat to public security would continue under its objective of ensuring a safer Punjab. Citizens have also been urged to report suspicious activities or information related to terrorism to the CTD Punjab helpline at 0800-11111.

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    Office Romance: a steaming romance between 2 offic…

    Office Romance is a steaming romance between Jackie (Jenifer Lopez), the CEO of Air Cruz and Daniel Blanchflower (Brett Goldstein), a British lawyer newly assigned to work with her. Jackie creates an intense zero-tolerance policy for romance between employees, but falls into the trap herself. Both Jackie and Daniel love each other and engage in a sexual relationship with one another. As they are caught in the act through pictures released, the film takes a sharp turn. Daniel hands over his resignation letter, and Jackie is on the verge of resigning when Daniel comes running in confessing her love for her. What will happen next? Will Jackie really resign, or will she continue to shine bright and remain in power? Will Jackie and Daniel unite, or will their relationship fall apart under the pressure of their careers and public spotlight? Office Romance is a 2026 Netflix film that falls into the genre of romantic comedy. Directed by Ol Parker, it has a runtime of 1 hour and 54 minutes and has been rated at 5.8/10 on IMDB. Despite the modest rating, the film has a mesmerising appeal. The viewer is glued to the screen for the entire length of time. It is a light-hearted and fulfilling watch. The onscreen chemistry between Jackie and Daniel is exciting. Both match fantastically with each other. Jackie is good-looking, classy and chic, and Daniel is handsome and witty. The scene where Daniel first comes across Jackie is intense. Daniel is overpowered by her beauty and charming personality and cannot hold himself back from appreciating her. He cannot stop himself from complimenting and admiring her. The soundtrack is powerful and befitting to the theme of the film. The visuals are great too, and the cinematography is awesome. However, the film is not without its flaws. The romantic relationship doesn’t develop fully and is mostly abrupt. But despite that, the two form a great couple. And watching them onscreen together is a pleasure! In conclusion, Office Romance is a glamorous film. It is focused on romance and friendship. It explores relationships in-depth. The film is a must-watch for romcom fans. It may not be a perfect comedy, but it certainly offers a respite to the viewer from the harsh reality of life. The film offers fun, frolic and joy. If you are in the mood to relax and enjoy, the film is definitely meant for you.

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    PM orders aid for rain and flood victims

    LAHORE: Prime Minister Shehbaz Sharif has ordered the immediate provision of financial assistance to families affected by recent monsoon rains and floods across Pakistan, while directing authorities to speed up relief and rehabilitation efforts. Chairing a meeting in Lahore on Saturday to review the ongoing response, the prime minister instructed that compensation be provided to families who lost loved ones and to owners of houses that were completely or partially damaged by the severe weather. Shehbaz also called for the swift restoration of electricity transmission networks and roads in affected areas. Federal ministers and senior officials were directed to personally visit impacted regions, assess the damage and oversee rehabilitation work. The prime minister further ordered authorities to accelerate the delivery of food and other essential relief supplies to areas that remain difficult to access. The National Disaster Management Authority (NDMA) and provincial disaster management authorities were told to maintain full preparedness as more rain and flooding are forecast. Officials briefed the meeting that around 615 tonnes of relief supplies had already been dispatched to monsoon-hit areas, with additional consignments being arranged. Authorities also reported that flood-affected residents had been moved to safer locations across all affected areas. Restoration efforts are underway in Punjab, Sindh, Balochistan, Khyber Pakhtunkhwa, Gilgit-Baltistan and Azad Jammu and Kashmir, while disaster management teams remain on standby for any further emergencies. The meeting was also informed that early warning systems in the northern areas are operational and have helped authorities evacuate residents to safer locations ahead of potential flooding.

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    Diesel cut brings freight fare relief

    RAWALPINDI: Goods transport and long-distance public transport operators have lowered fares following a Rs32.63-per-litre reduction in diesel prices, offering temporary relief to passengers and businesses. The Goods Transport Federation announced a 10 per cent reduction in freight charges, while fares for long-distance routes to nearby areas have been cut by 5 per cent. The fare revision, however, has not extended to all local transport. Taxis, Qingqis and motorbike rickshaws have raised their fares by another 5 per cent after petrol prices increased by Rs3 per litre. The standard stop-to-stop fare remains Rs50. Freight charges have also been reduced significantly on major routes. The cost of transporting containers and trailers from Karachi to Rawalpindi has fallen by Rs50,000, while charges for containers, trailers and heavy vehicles travelling from Karachi to Peshawar have dropped from Rs800,000 to Rs750,000. Transport federations said the reduced fares would remain in effect for only 24 hours. They warned that any increase in petroleum prices expected later in the week would result in the fare cuts being withdrawn proportionately. They further said bookings made by Thursday evening for heavy vehicles, trailers and containers operating on routes including Karachi-Peshawar, Peshawar-Lahore, Karachi and Multan could be revised if fuel prices rise, with additional charges imposed accordingly.

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    Faisal Kundi calls for modern arms for K-P police

    PESHAWAR: Khyber-Pakhtunkhwa Governor Faisal Karim Kundi has called for the provincial police to be equipped with modern weapons, advanced technology and additional resources to strengthen their ability to counter terrorism. Speaking at Governor House during a meeting with a 33-member delegation of Sindh Police Deputy Superintendents of Police visiting the province for training, Kundi praised the K-P police for continuing to serve on the frontline despite severe security challenges. The governor said policing in K-P was fundamentally different from other provinces because of the persistent threat of terrorism. He stressed that police personnel needed modern weapons, more bulletproof vehicles and advanced technological equipment to respond to emerging threats, including attacks involving militant quadcopters. Kundi said proposals had also been forwarded to the provincial government regarding improvements in police salaries. He maintained that better resources and welfare measures were essential for strengthening the force. He said K-P’s long border with Afghanistan had created additional security challenges, while the Pakistan Army and Frontier Corps were contributing significantly to border protection. He urged the government to provide comprehensive support to all law-enforcement agencies engaged in counterterrorism operations. Addressing a question about cross-border terrorism, Kundi said attacks originating from Afghan territory were unacceptable. He claimed that evidence had surfaced regarding the involvement of some Afghan nationals in terrorist incidents in K-P and said the repatriation of undocumented Afghan nationals was continuing.

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    SC rejects Zahir Jaffer’s plea in Noor Mukadam c…

    ISLAMABAD: The Supreme Court has rejected a review petition filed by Zahir Jaffer challenging his death sentence in the Noor Mukadam murder case, ruling that the severity of the crime did not justify any reduction in punishment. In its detailed 12-page judgment, authored by Justice Ishtiaq Ibrahim, the apex court said Jaffer had sought to have his death sentence commuted to life imprisonment on the basis of alleged mental illness. However, the court found that he had failed to provide evidence sufficient to support his claim or warrant reconsideration of the earlier verdict. The judgment stressed that the material on record established the exceptionally serious nature of the offence. It held that the circumstances of the crime provided no basis for reducing the sentence imposed on the convict. The court also clarified that its powers in a review petition are narrowly defined and that such proceedings cannot be used as a substitute for an appeal against an earlier judgment. The Supreme Court further observed that violence against women and the creation of an atmosphere of fear and insecurity are incompatible with both Islamic principles and established legal norms. It emphasised that Islam guarantees women dignity, protection and respect. Moreover, The Supreme Court has issued its detailed written judgment dismissing the review petition filed by convicted murderer Zahir Jaffer against his death sentence in the Noor Mukadam murder case. The 12-page judgment was authored by Justice Ishtiaq Ibrahim. According to the written judgment, Zahir Jaffer had requested the court to reconsider his death sentence and convert it into life imprisonment on the grounds that he was suffering from a mental illness. However, the Supreme Court observed that the convict had failed to present any evidence that could justify reconsideration of the court’s earlier decision. The judgment stated that the available record clearly established that Zahir Jaffer had committed an extremely serious crime. The court noted that the nature and circumstances of the offence did not warrant any reduction in the punishment awarded to him. The Supreme Court further explained that its jurisdiction in a review petition is extremely limited. A review application cannot be treated as an appeal, nor can the petitioner use the review process simply to seek a fresh examination of the entire case. The written judgment also highlighted the protection and respect afforded to women under Islam. The court observed that subjecting women to violence, abuse and insecurity is contrary to both Islamic principles and the laws of the state. The Supreme Court’s decision means that the death sentence awarded to Zahir Jaffer remains intact. The trial court had previously sentenced him to death for the rape and murder of Noor Mukadam. The Islamabad High Court subsequently upheld the death sentence, and the Supreme Court also maintained the punishment before rejecting his review petition.

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    PSX ends week on negative note, KSE-100 loses near…

    The Pakistan Stock Exchange (PSX) witnessed a bearish trend during the outgoing business week, with the benchmark KSE-100 Index losing 2,938 points as investor sentiment remained under pressure. The KSE-100 Index closed the week at 177,166 points, compared with its previous level. During the week, the index fluctuated within a range of 5,048 points, reaching a high of 181,158 points and falling to a low of 176,110 points. Trading activity remained substantial throughout the week, with around 4.22 billion shares changing hands at a total value of approximately Rs205 billion. Meanwhile, the market’s overall capitalization declined by Rs247 billion during the week, settling at around Rs19.88 trillion. The weekly performance reflects continued volatility in the stock market as investors closely monitor domestic economic developments and regional geopolitical conditions. Earlier, Pakistan’s benchmark stock index opened on a positive note on Friday, with strong buying interest across major sectors pushing the KSE-100 Index more than 800 points higher in the early trading session. At around 9:19am, the KSE-100 Index was trading at 177,399.75 points, recording a gain of 807.99 points, or 0.46%, compared with the previous close. The early-session rally reflected renewed investor interest in several key sectors of the market. Automobile assemblers, cement companies, commercial banks, fertiliser manufacturers, oil marketing companies (OMCs) and refineries remained among the prominent areas attracting buying activity. Several index-heavy stocks also traded in positive territory, providing support to the benchmark. Shares of Attock Refinery Limited (ARL), Mari Energies Limited (MARI), Fauji Fertilizer Company (FFC), Habib Bank Limited (HBL), Meezan Bank Limited (MEBL), National Bank of Pakistan (NBP) and United Bank Limited (UBL) were among the notable gainers during the opening phase. The positive start comes a day after the Pakistan Stock Exchange witnessed a volatile trading session amid concerns over geopolitical developments and elevated international oil prices. On Thursday, the KSE-100 Index lost 254.59 points, or 0.14%, to settle at 176,591.77 points. Selling pressure in several heavyweight stocks outweighed selective buying and kept the market in negative territory by the close. Investors are now closely monitoring developments in global financial markets, particularly movements in bond yields, oil prices and international geopolitical conditions, which could influence capital flows and market sentiment. Global markets remain under pressure The positive opening at the PSX came against a mixed backdrop in Asian markets, where several major stock indices remained on track for weekly declines. Investor sentiment globally continued to be affected by rising government bond yields and uncertainty surrounding inflation and fiscal conditions. A diplomatic stalemate in the Gulf region also contributed to a rise in oil prices, with crude prices reaching their highest level in about a month. Higher oil prices have renewed concerns over inflation, particularly for economies that rely heavily on energy imports. For Pakistan, movements in international crude prices remain particularly important because they can affect the country’s import bill, exchange-rate pressures and domestic inflation expectations. In the United States, Treasury yields resumed their upward movement after a brief respite following an unexpected intervention by the US Treasury on Wednesday. US Treasury Secretary Scott Bessent has indicated that the government could potentially expand its purchases of US Treasuries. He has also raised the possibility of fiscal consolidation as authorities seek to address concerns surrounding the country’s growing budget deficit. However, market participants remain cautious about the prospects of significant fiscal adjustment. Analysts have questioned whether sufficient expenditure reductions can be achieved to meaningfully narrow a budget deficit exceeding 6% of US gross domestic product. The rising cost of servicing government debt is another concern. Interest payments alone are estimated to have reached around $1.2 trillion during the year, highlighting the pressure created by elevated borrowing costs. Higher yields pose challenge for equities The continued increase in bond yields has broader implications for international equity markets. Higher yields can increase borrowing costs for governments and businesses while making fixed-income investments relatively more attractive. The impact is particularly significant for technology companies that are undertaking substantial borrowing to finance investments in artificial intelligence infrastructure and other capital-intensive projects. At the same time, higher interest rates increase the discount rate applied to future corporate earnings, potentially putting pressure on equity valuations. Asian markets reflected some of these concerns on Friday. Japan’s Nikkei index declined around 0.8%, taking its losses for the week to approximately 4.4%. South Korean and Taiwanese stocks managed modest gains during the session but remained lower on a weekly basis. Meanwhile, MSCI’s broadest index of Asia-Pacific shares excluding Japan advanced around 0.5%, indicating some selective risk appetite despite continued uncertainty in global markets.

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    Karachi’s 1st silent mourning procession ends pe…

    KARACHI: The first silent mourning procession in Karachi concluded at Hussainiya Iranian Kharadar after passing through its traditional route from Nishtar Park, with authorities enforcing strict security measures throughout the event. A gathering was held at Nishtar Park before the procession began, where Allama Baqir Hussain Zaidi addressed the participants. Police and Rangers personnel were deployed along the procession route, while several roads in the surrounding areas were temporarily closed to general traffic as part of the security arrangements. The affected roads were reopened after the procession passed through the areas. Traffic police also remained on duty to manage congestion and guide motorists toward alternative routes. Meanwhile, the second silent mourning procession is scheduled to begin from Rizvia Society in the afternoon and will conclude at Shah Najaf Imambargah on Martin Road.

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    Trump tells rally protester: ‘Your mom won’t b…

    US President Donald Trump made a pointed remark about a protester who interrupted his campaign rally in South Carolina, telling the man that his mother would not be pleased with his actions. Trump was speaking at the Myrtle Beach Convention Center while campaigning for Darlene Graham, a candidate seeking a seat in the South Carolina Senate. Although Trump’s name was not on the ballot, he urged his supporters to turn out and vote in the election. According to US media reports, the disruption occurred at around 7:28 p.m. on Friday when a man stood up and interrupted the president’s remarks. Police officers and convention center staff subsequently moved the protester out of the venue. As the man was being escorted away, Trump briefly paused his speech and commented on the incident. He suggested that the protester would face criticism from his mother, adding that she supported Trump politically. The president then resumed his address as the protester was taken outside the convention center. US media reported that the demonstrator was wearing a black shirt carrying a provocative slogan condemning sexual abuse of children.